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According to relevant media reports, in recent years, with the development of the domestic precision casting industry and mold market, the closely related machine tool industry has developed and produced vertical and gantry machining centers and CNC lathes based on this market, greatly improving the accuracy and depth of this industry, and completing the coherence and cooperation between industries with high quality and quantity.

With the sustained growth of the Chinese economy, the machine tool industry will maintain high-speed growth and drive the development of the casting mold manufacturing industry. The precision casting mold market is exceptionally active. Due to the low production cost of molds in China, with the improvement of mold manufacturing technology and quality. Not only can it reduce the import of molds, but it is also possible to gradually open up foreign markets, and the export of molds will have great development.

In recent years, China's mold industry has grown rapidly at an average rate of over 15%, far exceeding the average GDP appreciation. Among them, precision casting molds account for about 5% of the total output value of various molds, with an annual growth rate of up to 25%. According to Luo Baihui, Secretary General of the International Model Association, China's automobile and motorcycle industry has entered a period of rapid growth, with production increasing significantly for several consecutive years. Especially the rapid growth of cars closely related to the precision casting industry has increased the demand for complex and precision casting molds. As an important support for the precision casting industry, the casting mold industry has broad prospects. It is expected that the domestic automotive industry will continue to be the main driving force for the casting mold industry in the coming years.

During the 11th Five Year Plan period, China's precision casting mold industry has gradually integrated into the world trade integration, and the degree of mold commercialization has greatly improved. Experts said, "During the 12th Five Year Plan period, we should continue to promote industry management, establish a fair and reasonable casting mold price system, and further regulate the mold market." Improving the design and manufacturing level of casting molds mainly includes: 1. Developing high-speed processing technology, improving surface treatment technology, improving the standardization level of casting molds, and expanding the scope of use of standard parts; 2. Improve the integration level of process and tooling design; 3. Improve the design and manufacturing level of large, precise, complex, and long-life molds.

In 2011, the total output value of China's machinery industry still increased by 25% compared to 2010, and the profit increased by 21% compared to the previous year, but the above growth rates fell by 8% and 30% respectively compared to 2010. Since 2011, the growth rate of China's machinery industry has shown a significant decline, indicating that the period of high-speed economic growth in China has gradually passed. In the future, the entire industry will adapt to the trend of market demand shifting from focusing on "quantity" to focusing on "quality". However, Andrew Precision Casting Co., Ltd. believes that as long as the entire industry accelerates its transformation and upgrading, the prospects will still be bright, and it is expected that the production and sales of China's mold industry will still achieve steady growth this year.

The huge import and export deficit indicates that the demand for Chinese mold products still objectively exists and will continue to grow rapidly. If China's precision casting industry can transform the excess mid to low end production capacity into "high-end" production capacity that meets the demand, especially in the areas of basic products such as functional components and CNC systems, and narrow the gap, the competitiveness of China's precision casting industry will be significantly improved.