Press release
CHINA DIECASTING: Discover more business opportunities for Chinese die casting enterprises
At present, novel coronavirus has caused the influence to the Chinese die casting industry. How will the future industry trend develop?
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Every year around the Spring Festival is the off-season of the die casting market, and enterprises are gradually returning to production. Due to the epidemic this year, most of the enterprises will resume work on March 1, and some of the large enterprises with protective measures have returned to work normally. At present, the majority of die casting enterprises are preparing for resumption of work and timely adjusting their business strategies. To adapt to change, they are developing targeted products and services to prepare for a market recovery. With the gradual improvement of the epidemic, experts predict that an important turning point will come in March, and the Chinese market will fully recover in May. Enterprises believe that a series of government policies to restore the economy will help the long-term stability of the industry. This is extremely important for the development of the die casting industry in China.
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The production problems caused by the epidemic have affected the global supply chain to some aspects. On the other hand, the epidemic may accelerate the process of production automation. During the difficult period, many companies which have already used digital solutions are operating under the protection of intelligent systems. The advantages of realizing intelligent manufacturing enterprises are manifested at this moment. It will promote the transformation of die casting enterprises' awareness of digital and intelligent investment.
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After the epidemic, the suppressed demand of the die casting industry in the second half of the year may be released again. In this case, enterprises need to boldly create marketing ideas and consider comprehensively for future development. With the theme of "Digital Application and Intelligent Development of High Efficiency Die Casting Manufacturing", CHINA DIECASTING will be held in Shanghai New International Expo Center（SNIEC） on July 15-17, 2020 as scheduled, continuing to lead the industry's future development trend. Actually, energy saving and environmental protection and lightweight manufacturing will definitely accelerate the development of the entire die casting industry. Digital application and intelligent development will become the main theme of the future industry development.
The “Die Casting & Nonferrous Congress” will be held in Jumeirah Himalayas Hotel on July 13-14, 2020. Many industry experts, scholars and enterprise representatives from die casting, nonferrous alloys and special casting industry at home and abroad will be invited to predict future development trend and share the most cutting-edge innovation and technology on the basis of the present industry status and academic dynamics.
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As the world's second largest producer of die castings and fourth largest automotive market, India's development of new energy vehicles brings huge potential to the die casting market. According to forecast data, by 2026, the transaction volume of the Indian automotive industry (including parts manufacturing) will increase to 16.16-18.18 trillion rupees (approximately US $ 2514-2828 billion). The future development of electric vehicles and traditional fuel vehicles will bring more opportunities to the development of China's die casting market.
Mexico is the world's seventh largest automaker and fourth largest car exporter. According to Mordor Intelligence, Mexico's automotive die casting parts market will grow to $1.8 billion by 2020, and the annual growth rate of aluminum die castings will reach 8 percent. Die casting products have a big market demand in Mexico, and it's a great opportunity for us to develop new business.
Thailand, the largest producer of auto in Southeast Asia and the world's second-largest one-ton truck producer, is expected to produce 3.5 million vehicles by 2020. More than 60% of the world's 100 largest automotive parts suppliers have production centers here. Industrial transfer and labor cost advantages have made Thailand's die casting market more stable and more potential. With the implementation of the “Belt and Road” strategy and the free trade agreement between China and ten ASEAN countries, there will be more opportunities for the die casting industry in Southeast Asia.
Every year around the Spring Festival is the off-season of the die casting market, and enterprises are gradually returning to production. Due to the epidemic this year, most of the enterprises will resume work on March 1, and some of the large enterprises with protective measures have returned to work normally. At present, the majority of die casting enterprises are preparing for resumption of work and timely adjusting their business strategies. To adapt to change, they are developing targeted products and services to prepare for a market recovery. With the gradual improvement of the epidemic, experts predict that an important turning point will come in March, and the Chinese market will fully recover in May. Enterprises believe that a series of government policies to restore the economy will help the long-term stability of the industry. This is extremely important for the development of the die casting industry in China.
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The production problems caused by the epidemic have affected the global supply chain to some aspects. On the other hand, the epidemic may accelerate the process of production automation. During the difficult period, many companies which have already used digital solutions are operating under the protection of intelligent systems. The advantages of realizing intelligent manufacturing enterprises are manifested at this moment. It will promote the transformation of die casting enterprises' awareness of digital and intelligent investment.
.png) |
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After the epidemic, the suppressed demand of the die casting industry in the second half of the year may be released again. In this case, enterprises need to boldly create marketing ideas and consider comprehensively for future development. With the theme of "Digital Application and Intelligent Development of High Efficiency Die Casting Manufacturing", CHINA DIECASTING will be held in Shanghai New International Expo Center（SNIEC） on July 15-17, 2020 as scheduled, continuing to lead the industry's future development trend. Actually, energy saving and environmental protection and lightweight manufacturing will definitely accelerate the development of the entire die casting industry. Digital application and intelligent development will become the main theme of the future industry development.
The “Die Casting & Nonferrous Congress” will be held in Jumeirah Himalayas Hotel on July 13-14, 2020. Many industry experts, scholars and enterprise representatives from die casting, nonferrous alloys and special casting industry at home and abroad will be invited to predict future development trend and share the most cutting-edge innovation and technology on the basis of the present industry status and academic dynamics.
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As the world's second largest producer of die castings and fourth largest automotive market, India's development of new energy vehicles brings huge potential to the die casting market. According to forecast data, by 2026, the transaction volume of the Indian automotive industry (including parts manufacturing) will increase to 16.16-18.18 trillion rupees (approximately US $ 2514-2828 billion). The future development of electric vehicles and traditional fuel vehicles will bring more opportunities to the development of China's die casting market.
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| ALUCAST 2020 2020.12.3-5 Chennai, India |
Contact: NürnbergMesse China Co., Ltd. Mr. Tony Zhuang Tel：021-60361215 Email：tony.zhuang@nm-china.com.cn |
Mexico is the world's seventh largest automaker and fourth largest car exporter. According to Mordor Intelligence, Mexico's automotive die casting parts market will grow to $1.8 billion by 2020, and the annual growth rate of aluminum die castings will reach 8 percent. Die casting products have a big market demand in Mexico, and it's a great opportunity for us to develop new business.
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| EUROGUSS MEXICO 2020.11.10-12 Guadalajara, Mexico |
Contact: NürnbergMesse China Co., Ltd. Mr. Tony Zhuang Tel：021-60361215 Email：tony.zhuang@nm-china.com.cn |
Thailand, the largest producer of auto in Southeast Asia and the world's second-largest one-ton truck producer, is expected to produce 3.5 million vehicles by 2020. More than 60% of the world's 100 largest automotive parts suppliers have production centers here. Industrial transfer and labor cost advantages have made Thailand's die casting market more stable and more potential. With the implementation of the “Belt and Road” strategy and the free trade agreement between China and ten ASEAN countries, there will be more opportunities for the die casting industry in Southeast Asia.
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| METAL AP 2020 2020.12.17-19 Bankok, Thailand |
Contact: Foundry Institution of Chinese Mechanical Engineering Society Ms. Xiumei Cao Tel：024-25850149 / 25852311-356 Email：cxm@foundrynations.com |
