1. Definition and scope of automobile tool and die
Tool is a basic process equipment made of metal, non-metal, and other materials processed by specialized equipment, and is a molding tool for mass production of specific components or parts. In a broad sense, automobile die refer to the general term for molds used to manufacture all parts of automobiles, mainly including stamping die, injection molds, forging molds, casting wax tools, glass molds, etc. Among them, stamping die account for about 40% of the total. In stamping die, automobile panel die occupy a dominant position, so “automobile die” often refer specifically to “automobile stamping die” or “automobile panel die.”.
2. “Demand+policy” promotes market expansion, but the growth rate significantly slows down
The start of China’s automobile die industry is almost synchronous with that of automobiles. Since the launch of the Changchun No.1 Automobile Manufacturing Factory project in the 1950s, the pace of progress has not stopped. Entering the 21st century, China’s automobile mold industry has undergone significant development, and the increasing demand of the downstream automobile industry has provided a huge demand market for China’s automobile die industry, providing strong support for the expansion of the scale of the automobile die industry; In addition to the support of relevant policies in the automotive die industry, the comprehensive strength of domestic enterprises in the industry has been enhanced. The localization of main cover die such as car fenders, overall side panels, four doors and three covers, and large and complex floors has led to a growth trend in the overall size of the automotive die market in China.
3. The upsurge of new energy vehicles and the acceleration of vehicle renewal have become industry development opportunities
In recent years, the growth rate of China’s automobile die market has gradually slowed down. However, at present, the industry has also ushered in two major development opportunities. One is that the current market recognition of new energy vehicles has been improved, coupled with the dual carbon target, making China’s automobile market usher in a batch of vehicle replacement periods,; Second, with the improvement of Chinese consumers’ requirements for automotive quality and the diversification of overall demand, China’s automotive market has entered a diversified and personalized development stage. With the expansion of automotive lightweight downstream applications and the accelerating pace of automotive product updates, the industry is facing both development opportunities and challenges. Therefore, in the future, in the context of the lightweight development of the automotive industry, the technological level of relevant enterprises in the automotive die industry will accelerate, and the pace of development of the industry towards the mid to high-end market will also accelerate.
Post time: Mar-30-2023