Driven by the rapid development of the automotive industry, the precision injection molded parts industry shows good development prospects

Precision injection molded parts, also known as precision injection molded products, refer to plastic products processed by precision injection molding with a dimensional accuracy of less than 0.01mm. Compared with ordinary injection molded parts, precision injection molded parts are more stringent in terms of dimensional accuracy, dimensional error, volume weight, production technology, raw material application, appearance aesthetics, etc., and the overall product performance is better.

Against the background of the rapid development of the domestic economy and the continuous emergence of high-tech industries, the application fields of precision injection molded parts are constantly expanding, and are currently used in automobiles, home appliances, machinery, construction, rail transit, medical equipment, office equipment, aerospace, national defense and military industries, etc. be widely used. Among them, automobiles are the main application field of precision injection molded parts. In this field, precision injection molded parts are used in the manufacturing of interior parts, exterior parts and functional structural parts. The main products include automotive engine parts, transmission system parts, driving system parts, and steering systems. components, thermal management module components, electronic water pump components, connecting components, etc.

Currently, driven by the rapid development of the domestic automobile industry, the market demand for precision injection molded parts continues to increase. According to data from the China Automobile Association, domestic automobile production and sales in 2022 will complete 27.021 million units and 26.864 million units respectively, a year-on-year increase of 3.4% and 2.1%. Against this background, my country’s precision injection molded parts market has continued to expand, and the industry has shown good development prospects.

At the same time, according to data from the China Automobile Association, domestic new energy vehicle sales will reach 6.887 million units in 2022, a year-on-year increase of 93.4%. Against the background of the rapid increase in the penetration rate of domestic new energy vehicles, the development trend of lightweight vehicles continues to rise. As one of the main lightweight materials for automobiles, precision injection molded parts have continued to grow in market demand due to their advantages such as low density, light weight, strong corrosion resistance, and good processing performance, and there is huge room for market growth.

According to the “China Precision Injection Molded Parts Industry Market Monitoring and Future Development Prospects Research Report 2023-2027” released by the Industrial Research Center , At present, domestic precision injection molding companies mainly include Zhaomin Technology, Yinbaoshanxin, Tongyi Co., Ltd., Zhaowei Electromechanical, Weike Technology, Longsheng Technology, Shenhuafa A, Riying Electronics, etc. There are many companies, but most of them are small and medium-sized enterprises. Mainly, industry concentration is low. At the same time, there is still a big gap between domestic precision injection molding companies and leading foreign companies in terms of capital, technology, R&D, etc. In the future, local companies still need to accelerate their competitiveness.

Industry analysts said that precision injection molded parts are key components needed in home appliances, automobiles, electronics and other industries, and are currently used in their application fields Driven by rapid development, its market demand continues to increase and its scale continues to expand, and the industry shows good development prospects. However, the current technical level of domestic precision injection molding companies is still relatively low and the brand strength is still relatively weak. In the future, local companies will need to continue to improve their technical level and accelerate brand building. There is huge room for industry growth.