Special Report on Segmented Market Analysis and Investment Prospects of the Precision Injection Mold Industry (2025-2031): Analysis and Prospect Forecast of Downstream Segmented Market Application Fie
The upstream industries of the precision injection mold industry include the iron and steel industry, which provides raw materials such as mold steel, mold bases, and accessories for the precision injection mold industry. The correlation between the precision injection mold industry and its upstream industries is mainly reflected in two aspects: on one hand, the development of various raw material industries affects the procurement costs of the precision injection mold industry; on the other hand, the development of the precision injection mold industry increases the demand for upstream products, thereby promoting the development of upstream industries to a certain extent.
The downstream of the precision injection mold industry covers the application industries of molds, including consumer electronics, automotive, daily necessities, medical care, aerospace, and other fields. The downstream enterprises mainly refer to the manufacturing enterprises in the above-mentioned industries. The downstream industries play a significant role in driving and leading the precision injection mold industry, and their demand directly determines the development status of the precision injection mold industry.
Consumer electronic products generally refer to electronic products used in daily life by consumers. Mature markets include smartphones, tablets, computers, and peripheral products. These products have developed maturely, featuring large market scale, high customer penetration rate, rapid development of new technologies in the industry, and high product intelligence. Meanwhile, with the continuous advancement of science and technology, growth-oriented products still have great room for growth.
China's consumer electronics industry has developed rapidly and has become the world's largest producer, exporter, and consumer of consumer electronic products. The Internet of Things (IoT) era has expanded the application fields of consumer electronic products, significantly increasing the frequency of use of various electronic products and continuously expanding the consumer group. At the same time, with the continuous development of Internet technology and 5G technology, the iteration speed of chips in consumer electronic products has accelerated to adapt to the application of new technologies; the iteration of chips also drives changes in appearance design. For consumer electronic products that do not require chip iteration, their appearance design will also be continuously optimized and transformed to reduce consumers' aesthetic fatigue, thereby stimulating the overall upgrading demand of consumer electronic products.
The plastic shell of devices is one of the important components of consumer electronic products. The market scale of precision injection molds for consumer electronics will continue to expand with the growth of the consumer electronics market.
In developed countries in the automotive industry, the proportion of injection molds in automotive molds reaches 60%. Currently in China, the level of automotive lightweight is still lower than that in foreign countries, and the proportion of injection molds is less than 40%, which is significantly lower than the 60% in foreign countries. However, this also indicates that there is still great room for the application of injection molds in the automotive industry to increase.
As society's demand for automotive lightweight continues to increase, the proportion of plastic parts used in automobiles is still rising, which in turn leads to increasing demand for injection molds in new cars. At present, the interior parts of foreign automobiles have basically achieved plastic lightweight, and the application of plastics in automobiles is expanding from interior parts to exterior parts and body structures. Many models, including Mercedes-Benz Smart, have adopted plastic body exterior parts.
In 2024, the total number of motor vehicles in China reached 453 million, including 353 million automobiles. By the end of 2024, the number of new energy vehicles (NEVs) in China reached 31.40 million, an increase of 51.49% compared with 2023.
According to data released by the China Association of Automobile Manufacturers (CAAM), in 2024, the production and sales of automobiles in China completed 31.282 million and 31.436 million units respectively, with year-on-year growth of 3.7% and 4.5% respectively. Driven by multiple factors such as favorable policies, abundant supply, price reductions, and continuous improvement of infrastructure, NEVs continued to grow rapidly. The sales volume of new NEVs (including pure electric vehicles and plug-in hybrid vehicles) accounted for 40.9% of the total sales volume of new automobiles, an increase of 9.3 percentage points compared with 2023. The production and sales of NEVs completed 12.888 million and 12.866 million units respectively, with year-on-year growth of 34.4% and 35.5% respectively, entering a new stage of high-quality development.
In recent years, the intelligence of home furnishings and home appliances has become an irresistible trend. According to data from Puhua Policy's Panoramic Survey and Development Trend Forecast Report of the Smart Home Industry (2025-2031), smart home is an emerging product since the 21st century. With the advancement of technology and the improvement of consumers' requirements for quality of life, the penetration rate of smart home has been continuously increasing, showing a gradual growth trend. China's smart home industry started relatively late and has huge market potential.
With the continuous improvement of Chinese residents' living standards, consumption upgrading has been continuously influencing and changing consumers' lifestyles, and residents' lives are gradually moving towards a higher level of comfort. As consumer goods closely related to residents' lives, the upgrading and replacement speed of various home appliance products has accelerated significantly in recent years. Intelligent and high-end home appliance products have occupied a dominant position in the market, driving the home appliance industry into the era of quality.
In 2024, China's domestic home appliance consumption was sluggish for a period of time. The state launched a number of consumption stimulus policies, which effectively stimulated the recovery of the home appliance market. Data shows that in 2024, the total retail sales of China's water heater market (electric storage water heaters and gas water heaters) across all channels reached 53.2 billion yuan, a year-on-year increase of 5.3%; the retail sales of water purifiers reached 24 billion yuan, a year-on-year increase of 17.2%; the retail sales of smart toilets reached 5.6 billion yuan, a year-on-year decrease of 18.6%.
With the rapid development of industries such as energy storage, humanoid robots, and aviation, the National Development and Reform Commission (NDRC) and the National Energy Administration (NEA) issued the 14th Five-Year Plan for the Development of New Energy Storage, the Ministry of Industry and Information Technology (MIIT) issued the Guiding Opinions on the Innovative Development of Humanoid Robots, and the MIIT and three other ministries jointly issued the Outline for the Development of the Green Aviation Manufacturing Industry (2023-2035) and other documents to actively promote the development of related industries. A number of well-known domestic and foreign enterprises have continuously carried out product iteration, improved product performance, and increased localization rates. Precision injection molds have been increasingly widely used in energy storage thermal management, humanoid robots, aircraft, and other fields.
At present, the market competition of injection molds is in a stage of "fierce competition in the low-end market and shortage in the high-end market". In the medium and high-end product market, Nantong Mingzhun Mould& precision CO., LTD, represented by large national key enterprises of precision injection molds, can fully participate in global market competition and form their own competitive advantages in different fields.
