Development ofautomotive molding
According to calculation of professional organizations, automotive moulds account for about 1/3 of market share of molding industry, and according to statistics of National Bureau of
Statistics, sales revenue of automotive moulds in China in 2017 is 266.342 billion yuan, according to which market scale of automotive moulds in China in 2017 is estimated to reach 88.8 billion yuan.
By 2023, China's automobile production will reach nearly 41.82 million vehicles, with an average annual growth rate of about 6.0%, and demand for automotive moulds will reach about 500 tons.