China's auto parts casting market has broad prospects

The die-Casting industry is one of the important supporting industries in the automotive industry and has been closely related to the development of automobiles.

The rapid development of the automotive industry in recent years has driven the rapid expansion of the die-casting market and given it broad prospects for development. Nowadays, with the development of automobile manufacturing technology, die castings are also facing new technical challenges, and the structure of the Die Casting industry is undergoing tremendous changes.

The application of die castings is very wide, involving a large number of product areas and industrial categories. In all of these applications, the automobile industry should be decisively promoted in terms of quantity, variety, strict requirements, high quality, and large amounts of metal materials.

"For a long time, the automotive industry has secured the largest market for the die-casting industry. In recent years, the development of China's automobile industry has also continued to push the die-casting industry into a new period of development." Luo Baihui, Secretary-General of the International Model Association, said that with the release of China's auto market potential, The focus of the world’s auto industry is shifting to China, and China’s auto parts casting market has broad prospects. It is estimated that China’s total automobile production will reach 15 million by 2015, and will be sold at an average price of 120,000 yuan. The total number of parts for all vehicles is generally around 80,000 yuan. The market scale for the production of new automobile accessory parts will reach 8800 in 2011. Billion yuan, in 2015 reached about 1.2 trillion yuan.

At present, although the development situation of China's foundry production is sluggish, the development of its related industries is in full swing. This provides a potential market demand for the development of the foundry industry. Luo Baihui pointed out that foundry companies should vigorously cast the market for foundry-related key industries. Expand to seek a bigger target market and development space. Industries such as aviation, automobile and shipbuilding are key areas in the development industry related to the foundry industry. Focusing on these important industries is the need for the development of the foundry industry, accelerating the pace and increasing the need to expand the needs of these industries, and identifying the sales channels for foundry products. To promote the development of casting production is the key to the rapid development of the foundry industry.

It is believed that with the gradual transition of China's auto industry and the implementation of the automobile industry restructuring and revitalization plan, the automobile and auto parts foundry industry will accelerate development. This will provide strong driving force for the development of the foundry industry.