With the improvement of living standards, the demand for Chinese household appliances has maintained steady and rapid development. According to the data, from 2011 to 2016, the income from the main business of China's household appliance industry increased from 1,110.575 billion yuan to 1,460.56 billion yuan, with a compound annual growth rate of 5.80%; the total profit of the industry increased rapidly from 51.162 billion yuan to 119.69 billion yuan. The compound growth rate is as high as 18.53%.
China's home appliance industry has formed a complete independent supporting system for parts and components, creating a complete upstream and downstream industry chain. Most of the components of home appliances rely on mold injection molding, and industrial clustering provides a good external environment for the linkage industry between the mold industry and the home appliance industry. Some experts predict that as home appliances gradually develop in the direction of intelligence, personalization and light weight, the iteration speed of home appliance product update will obviously accelerate, and the future home appliance industry market will maintain a stable growth trend.