The domestic mold industry has four major advantages over the international industry

With the comprehensive transformation of the machine tool industry, the domestic mold industry is also undergoing technological innovation and product upgrading, while actively exploring market opportunities. In the competition with international competitors, China's mold industry is fully leveraging its advantages and striving to occupy a place in the international market.

So, what are the advantages of the domestic mold industry compared to the international industry?

Advantage 1: The strong support from relevant national policies should not be ignored.     

Advantage 2: The gradual improvement of infrastructure provides possibilities for the growing market demand;

Advantage 3: The huge opportunity for the transfer of the world's casting mold industry center to China and the widespread application of e-commerce have also brought tremendous business opportunities to China's mold industry;

Advantage 4: Low labor costs and raw material prices, which have made China a focus of attention in the current international environment where cost savings are urgently needed;

At present, the development situation of the domestic extrusion mold industry is very good. While the technical level of the industry is gradually improving, the scale of development is also increasing, and the annual industrial value is approaching 200 billion yuan.

Faced with the vast prospects of the global mold market, especially the high-end market, China's dependence on imported high-end mold and machine tools will continue in the short term. Domestic extrusion mold machine tool enterprises urgently need to understand the latest changes in the market, develop relevant mold machine tool products based on the development status of the mold industry, in order to seize the market.