Analysis of the Development Status and Prospects of China's Alloy Die Casting Industry
Release time:
2022-07-28
At present, China is in a critical historical period of transformation from a manufacturing powerhouse to a manufacturing powerhouse. China's technological level has shifted from being a follower to a parallel player, and even some fields have achieved leadership. There is no shortcut, and to maintain the leading position in the field, it is necessary to continuously strengthen basic research and development investment. Only the basic theories, materials, and key technologies of innovation can support the development of innovative society and continuously provide reliable original innovation impetus for scientific exploration, national strategic security, and national economic development.
At present, China is in a critical historical period of transformation from a manufacturing powerhouse to a manufacturing powerhouse. China's technological level has shifted from being a follower to a parallel player, and even some fields have achieved leadership. There is no shortcut, and to maintain the leading position in the field, it is necessary to continuously strengthen basic research and development investment. Only the basic theories, materials, and key technologies of innovation can support the development of innovative society and continuously provide reliable original innovation impetus for scientific exploration, national strategic security, and national economic development.
In recent years, the die-casting machine industry in China has developed rapidly and the market size has grown significantly. Data shows that the market size of China's die-casting machine industry has increased from 8 billion yuan in 2016 to 17 billion yuan in 2020, with a compound annual growth rate of 20.7%. With the continuous expansion of downstream application fields, it is expected that the market size of China's die-casting machine industry will reach 21 billion yuan by 2022.
According to data from the General Administration of Customs, from January to November 2021, China imported 127 cold chamber die-casting machines, with an import amount of 35 million US dollars.
In 2020, there were 316 cold chamber die-casting machines exported, a year-on-year decrease of 22.36%, and the export amount was 34.16 million US dollars, a decrease of 14.21 million US dollars compared to 2019. As of November 2021, China has exported 448 cold chamber die-casting machines with an export value of 57.19 million US dollars.
From the perspective of competitive landscape, China's leading enterprises in the die-casting machine industry have obvious advantages, with Lijin ranking first among domestic cold chamber die-casting machine enterprises with a market share of 49%. Next is Yizhimi, with a market share of 14%. Toshiba, Toyo, and Buhler have World Bank shares of 8%, 5%, and 3%, respectively. There is still room for improvement in the overall technical level.
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