In recent years, the manufacturing industries such as automotive, electronics, construction... have rapid growth. At the same time, the application of automation in manufacturing has also been boosting the development of mold industry in China.

The data analyzed in recent years shows annual sales of China mold industry could reach over $28 billion. In mould manufacturing, automotive and optical plastic molds are quite popular. In both fields, the Chinese mould manufacturers are submitting more patent applications. However, there is still a big gap with the large foreign companies. To narrow this gap, Chinese mould manufacturers need to invest in staff training, improving the mold design and manufacturing, innovating production technology to enhance their competitiveness on global market.

The rapid rise of Chinese manufacturers

As noted, along with the rapid rise of the automotive and electronics market, mould market is also developing quickly and strongly. Many well-known manufacturers in the world are also embracing the benefits of China mold market, and Chinese mould manufacturers need to develop to meet the needs of the market.

To understand the current situation and development of China mould industry, we can consider the data collected about the patent applications of State Intellectual Property Office of The P.R.C in 2014 for the mould field. Accordingly, till the end of July 31, 2014, number of patent applications increased so much, up to 1378 applications.

The advantage of the multi-national giants

The foreign manufacturers have their own advantages. According to data from the research group of State Intellectual Property Office of The P.R.C, till 31 July, 2014, the number of patent applications in the field of mold hit 1625 globally. Among them, there were 440 applications in China and among top 10 manufacturers there is only one Chinese company.

The mold manufacturers in countries such as Germany, the US, Japan and other countries have the exclusive mold manufacturing technology. Besides, big mold corporations can develop the complicated and highly accurate moulds.

Chinese mould manufacturers want to get better competitiveness on the market, which has many big changes, need to accelerate the research and development, investment in technology, improve the staff ability. Manufacturers should actively invest in R&D, continuous improvement and try to get the patents that have high quality, can be applied in practical production, provide particular benefits and can solve the problems that the customers are concerning about.

(According: mouldsnet.cn)