Development Prospects Of Precision Injection Parts Industry

1. Energy saving and emission reduction promote the promotion of automobile "lightweight" technology

As my country's energy conservation and emission reduction work continues to advance, relevant policy opinions have been issued one after another. In April 2017, the Ministry of Industry and Information Technology, the National Development and Reform Commission and the Ministry of Science and Technology jointly issued the "Notice on Issuing the Medium and Long-term Development Plan for the Automobile Industry". Emphasized that "by 2020, the average fuel consumption of new passenger cars will reach 5 liters/100 kilometers. By 2025, the average fuel consumption of new passenger cars will be 20% lower than in 2020."

2. Consumption upgrade drives the increase in the concentration of the home appliance industry

In recent years, the income and consumption levels of Chinese residents have continued to rise. Brand, quality, design and technology have become the main factors influencing consumer decision-making. Consumers are gradually willing to pay higher fees for "high-quality products", health, smart and artistic products. The concentration of the household appliance industry will continue to increase, and the head effect will become more and more obvious.

3. Professional division of labor and economic globalization promote the stable development of upstream enterprises in the industrial chain

Modern industry has realized the optimization and integration of industrial resources through specialized division of labor and economic globalization. In this context, end product manufacturers allocate product R&D and production to the upstream industrial chain according to the division of labor. More and more multinational companies, such as automobiles and household appliances, have gradually established their own global supply chain system. At the same time, professional division of labor also promotes the development of product diversification under the premise of ensuring the stable quality of product parts supply, and provides good development opportunities for upstream parts manufacturers.