The global demand for hardware molds has soared, and China's intelligence has created a New engine for Foreign Trade growth
[Industry Trends]
With the global manufacturing recovery and the upgrading of industrial automation, the hardware mold market is embracing a new round of growth opportunities. According to the latest industry report, the global hardware mold market size is expected to exceed 120 billion US dollars in 2024, with particularly strong demand in the automotive, electronics, and home appliance sectors. As the world's largest producer and exporter of molds, China is becoming the preferred supply chain base for international purchasers by virtue of its technological innovation and high cost-effectiveness.
China's foreign trade of hardware molds has performed outstandingly
In the first half of 2024, China's export value of hardware molds increased by 18% year-on-year (data source: Chinese customs), and the proportion of orders from Europe, America, Southeast Asia and the Middle East significantly rose. Foreign trade enterprises have reported that the demand for high-precision stamping dies, injection molds and progressive dies is growing rapidly. Especially in the fields of new energy vehicle parts and consumer electronics shell processing, the delivery speed and customization capabilities of Chinese molds have been highly recognized by customers.
Technological upgrading promotes the enhancement of competitiveness
The Chinese mold industry is transforming from traditional contract manufacturing to "intelligent manufacturing + service".
Intelligent production: The popularization of 3D printing die steel, robot polishing and other processes reduces labor costs;
Green manufacturing: The application of environmentally friendly materials and energy-saving technologies complies with international standards such as EU CE and RoHS.
Digital services: Provide mold DFM analysis (manufacturability design) and remote commissioning support to enhance customer stickiness.
Purchasing trends of overseas buyers
High-precision requirements: The demand for precision molds with tolerances ≤0.01mm has increased by 40%.
One-stop solutions: "turnkey projects" from mold design to finished product assembly are more popular;
Quick response: The order volume of sample molds delivered within 15 days doubles.