• Analysis on the market of automotive plastic injection mold in China 2021

    China’s automobile production and sales volume has ranked first in the world for 11 consecutive years. China ‘s market share in the global automobile manufacturing industry had increased from 13.78% in 2008 to 28.23% in 2019. Affected by the COVID-19 epidemic, China’ s automobile production was affected to some extent between 2019 and 2020. Statistic data shows that in 2019 China’s automobile output was 255.3 million units down 8% year on year, and from January to June 2020 was 99.7 million vehicles, down 16.5% year on year. The continuous development of the automobile industry has driven the growth of the auto mold market demand.   Update new model will bring new market opportunity With the intensified competition in the automobile industry, the OEMs will choose to upgrade new models to attract consumers and maintain their brand influence among the consumers.  Therefore, auto makers in many cases have chopped the time it takes to develop a new vehicle from previous 4 years to 1-3 years now….

    Industry news July 7, 2021
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