The development of automotive mold industry is closely related to the development of the automotive industry. The steady and rapid development of the automotive industry will greatly promote the development of the automotive mold industry. Molds are consumables, and the amount is large. More than 90% of the parts in the automotive industry are molded by molds, while cold work, hot work, and plastic molds are used. The average mold consumption per 10,000 cars is 0.12 tons. In general, the manufacture of a regular car itself requires about 1,500 molds, of which nearly 1,000 stamping dies and more than 200 interior dies.
According to the calculation of professional institutions, automobile molds account for about 1/3 of the market share of the mold industry. According to the statistics of the National Bureau of Statistics, the sales revenue of China's auto molds in 2017 was 266.342 billion yuan, according to which the scale of China's auto mold market in 2017 was measured. It reached 88.8 billion yuan. By 2023, China's automobile production will reach nearly 41.82 million, with an average annual growth rate of 6.0%, and the demand for automotive molds will reach 500 tons.