The automotive industry will become the industry with the largest usage of molds in China

China is one of the largest countries in the world for automobile production and consumption. According to surveys, China’s automobile sales are increasing at a rate of 26% per year, and the scale of auto parts is larger than the entire vehicle. 90% of these parts are produced by molds. The company has promoted the growth of the domestic mold market. Nearly 50% of the molds and fixtures required for more than a dozen new models listed on the domestic market in recent three years have been developed and manufactured by Chinese companies.

At present, the total domestic mold production value is estimated to be around 180 billion yuan, and it is expected to reach a scale of 250 billion yuan by 2015. As China's auto market demand increases year by year, it will inevitably push up the demand for China's auto mold market. According to speculation by experts, the auto industry will become the industry with the largest consumption of molds in China.