Difficulties and opportunities in the development of the foundry machinery industry

(1) Development difficulties: Competition in domestic and foreign markets is intensifying. With the recovery of domestic and foreign market demand, China's foundry machinery industry will face more intense market competition. On the one hand, in the domestic market, competition among domestic foundry machinery companies will become more intense, and price wars, quality wars, and service wars will continue to escalate. On the other hand, in the international market, foreign foundry machinery companies will increase their attacks on the Chinese market and use their technological advantages, brand advantages, service advantages, etc. to seize market share. At the same time, Chinese foundry machinery companies will also face emerging competitors from other countries and regions, such as India, Turkey, Thailand, etc.

(2) Development difficulties: increasing pressure on environmental protection. As the country's environmental protection requirements continue to increase, China's foundry machinery industry will face greater environmental pressure. On the one hand, the state will increase environmental protection supervision and law enforcement in the foundry industry, and will impose strict penalties and eliminate casting processes and equipment that do not meet environmental standards. On the other hand, the state will increase support and encouragement for energy-saving, environmentally friendly, and intelligent casting processes and equipment, and will provide preferential policies and subsidies to casting processes and equipment that meet environmental protection standards.

(3) Development opportunities: There is strong demand for technological innovation. As the demand for high-performance, high-quality, and high value-added castings in domestic and foreign markets continues to increase, China's foundry machinery industry will face greater demands for technological innovation. On the one hand, the state will increase its scientific and technological investment and support for the foundry industry and provide more technological innovation platforms and resources for foundry machinery companies. On the other hand, foundry machinery companies will also increase their investment and emphasis on technological innovation, and continue to carry out technological innovation in order to improve their product quality and competitiveness.

(4) Development prospects: Emerging markets have vast space. As the international market gradually opens up and recovers, China's foundry machinery industry will face more emerging market space. On the one hand, emerging markets such as Southeast Asia and Africa have greater demand for castings, but the development level of their local foundry industries is relatively low, providing Chinese foundry machinery companies with greater export opportunities. On the other hand, emerging fields such as new energy vehicles, aerospace, and medical equipment have a greater demand for special castings, and their higher technical requirements provide greater innovation opportunities for Chinese foundry machinery companies.