In recent years, with the rapid development of automobile manufacturing industry, we have seen the launch of many new models. From that, automotive mould market is also growing more. This means that automotive mould industry must have sufficient capacity to meet the rapid growth of the automobile market in future.

Automotive panel mould market depends on the increase of new models every year, while the number of passenger vehicles account mainly in these new models (including buses, MPV, SUV, less-than-9-seats vehicles and others). According to “China Auto Mould Industry Production & Marketing Demand Forecast and Transformation & Upgrading Report, 2015-2020” of Industry Research Center - Research Team of Auto Mold Industry (Forward Business Information Co., Ltd.), in 2011 there were 317 new models were introduced in the Chinese market. Among them, there are nearly 70 new models and about 247 facelift ones.

They estimated that mould design and manufacturing for each new model could reach about $15.7 million. For each facelift one, it will contribute around 25% (around $3.9 million). According to calculations in the report, the need for passenger cars’ moulds produced in China in 2011 could reach over $1 billion. Also according to the calculations in this report, the China automotive panel mould market could reach $ 2 billion annually.

(According to mouldpt.com)