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Current Situation Of China’s Automobile Injection Mold Industry In 2023

Current situation of China’s automobile injection mold industry in 2023

Automobile mould refers to the mould used in automobile field. Automobile injection mold is an automobile mold produced by injection molding. Injection molding is a processing method used in the mass production of some complex shaped parts. Specifically, the heated melted plastic is injected into the mold cavity by the injection molding machine under high pressure, and the molded products are obtained after cooling and curing. Injection molding can not only form plastic parts with complex shapes, but also has high production efficiency and good quality.

auto molding

auto molding

The upstream of the automobile injection mold industry is its main raw materials, including mold steel, plastic particles, etc., while the downstream is the automobile industry.

In recent years, with the continuous development of the plastic industry, especially the modern new material industry such as engineering plastics, the market share of plastics in the field of automotive materials will further increase, and the categories and scope of applications will further expand. According to statistics, in 2021, the market size of China’s automobile injection mold will increase from 28.07 billion yuan in 2015 to 34.81 billion yuan; The demand increased from 206500 sets in 2015 to 296600 sets. It is estimated that the market size of China’s automobile injection mold is expected to reach 39 billion yuan in 2023, and the demand is expected to reach 327500 sets.

With the gradual transformation and upgrading of the industrial structure, the proportion of high-end automotive injection mold products has gradually increased, the basic supporting service functions have been constantly improved, the output of automotive injection mold has been growing, the market space is still large, and the output value has kept growing. In 2021, China’s auto injection mold production capacity will be 357000 sets, and the auto injection mold production will increase to 305500 sets; It is estimated that by 2022, China’s auto injection mold output will reach 317000 sets, and the production capacity will increase to 362000 sets.

With the development of technology and the increasingly fierce competition in the domestic automotive injection mold market, in recent years, the overall price of automotive injection mold in China is declining. In 2015, the average price of automobile injection molds in China was 135900 yuan/set, which dropped to 116600 yuan/set in 2020, and rose slightly to 117400 yuan/set in 2022. It is estimated that the price will be 20000 yuan/set in 2023.

The vast majority of domestic automobile injection mold enterprises are small in scale, single in product and dominated by middle and low end, weak in technical ability and financial strength, and poor in market competitiveness and growth.

The development of automobile injection mold enterprises will rely more on the R&D and production of high-quality and high value-added products. Under the background that green environmental protection is increasingly valued by the country and the public, green environmental protection products will be encouraged by policies and favored by the market. Original innovation, high value-added new products and new processes will become the development trend of automobile injection mold enterprises.

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