Output Development Trend of Foundry Machinery Industry

In 2023, China's foundry machinery industry has experienced the impact and recovery of the COVID-19 epidemic. Output has basically maintained a growth trend and market demand has rebounded. However, it still faces problems such as intensified domestic and foreign market competition, increased environmental pressure, and insufficient technological innovation.

China's foundry machinery output in 2022 will be 45,000 units, a year-on-year increase of 5.9%. Among them, the output of die-casting machines was 18,000 units, a year-on-year increase of 7.8%; the output of sand processing equipment was 12,000 units, a year-on-year increase of 6.2%; the output of cleaning equipment was 9,000 units, a year-on-year increase of 4.5%; the output of other equipment was 6,000 units, A year-on-year increase of 3.2%.

China's foundry machinery output will continue to grow in 2023 and is expected to reach 48,000 units, a year-on-year increase of 6.7%. The main reasons are as follows:

(1) With the recovery of the domestic economy and the steady growth of industrial production, the demand for castings has rebounded, especially in the fields of automobiles, engineering machinery, wind power and other fields, there is a greater demand for high-performance, high-quality, high value-added castings, which has driven the Demand for corresponding casting machinery.

(2) As the country's environmental protection requirements continue to increase, traditional inefficient, high-energy-consuming, and high-pollution casting processes and equipment will be gradually eliminated or transformed, while new energy-saving, environmentally friendly, and intelligent casting processes and equipment will be affected. More attention and investment.

(3) As the international market gradually opens up and recovers, Chinese foundry machinery companies will have more export opportunities, especially in emerging markets such as Southeast Asia and Africa. Chinese foundry machinery has strong price advantages and service advantages.