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In the 1960s, China's hardware mold industry began to take root in Dongguan and reached its peak in the late 1980s. Back then, the barriers to entry were extremely low—no technical expertise was required, and with just 30,000 yuan, one could purchase used equipment and start a small home-based metal mold workshop. Over the past four decades, the industry has grown significantly, with more than 10,000 hardware and mold processing companies now operating across the country. However, the majority of these are still small-scale, labor-intensive enterprises.
As the domestic hardware mold industry continues to expand, competition among provinces has intensified. The market is now plagued by chaotic competition, with issues such as low-cost production, poor product quality, and limited technological innovation becoming increasingly evident. These challenges have made it harder for many companies to sustain growth and remain competitive.
Moreover, several factors are hindering the development of the mold industry. One key issue is the availability of raw materials. Most molds are still made from steel, but recent shortages in the steel market have created significant difficulties. This supply problem has directly impacted the efficiency and profitability of mold manufacturers, slowing down the industry’s overall progress.
Another critical challenge lies in marketing. Even after production, if there is no strong sales channel or demand, mold companies struggle to survive. To overcome this, the industry needs to strengthen collaboration with both upstream suppliers and downstream users. By integrating the industrial chain, mold companies can ensure a stable supply of materials and secure access to markets, which is essential for long-term success.
The mold industry is deeply connected to the material supply chain and the end-user market. In a well-functioning industrial ecosystem, different sectors work together, supporting each other’s growth. For the mold industry, this means fostering stronger relationships with material providers and understanding the evolving needs of its customers. Only by doing so can the industry extend its value chain and achieve sustainable development.
China is gradually transitioning from a major mold producer to a leading manufacturer in the field. Companies are showing high levels of investment enthusiasm. However, for the industry to truly thrive, it must first recognize the importance of its relationships with upstream material suppliers and downstream markets. By developing strategic plans that align the interests of all stakeholders, the mold industry can build a more resilient and integrated supply chain, paving the way for future growth and innovation.