Forecast of the competition pattern and development prospects of the injection molding machine industry in 2020

Injection molding machine (abbreviated as injection molding machine) is the main molding equipment that uses plastic molding molds to make thermoplastic or thermosetting materials into various shapes of plastic products. The working principle of the injection molding machine is similar to the syringe used for injection. It uses the thrust of the screw (or plunger) to inject the plasticized plastic in the molten state (that is, the viscous fluid state) into the closed mold cavity. The process of obtaining the product after curing and shaping. Injection molding machine is the main molding equipment that uses plastic molding molds to make thermoplastic or thermoset plastics into various shapes of plastic products.

　　Injection molding is a cyclic process. Each cycle mainly includes: quantitative feeding-melting and plasticizing-pressure injection-mold filling and cooling-mold opening and part removal. After taking out the plastic part, the mold is closed again for the next cycle. Injection molding is a cyclic process. Each cycle mainly includes: quantitative feeding-melt plasticization-pressure injection-mold filling and cooling-mold opening and retrieval, and then close the mold after taking out the plastic part for the next cycle. An injection molding machine is usually composed of an injection system, a clamping system, a power system, an electrical control system, a lubrication system, a heating and cooling system, and a safety monitoring system. Injection molding machine is an important branch of plastic machinery, and it is the plastic machinery product with the largest output, the highest output value and the most export. Plastic machinery refers to the general term for all types of machinery in the plastics processing industry. Plastic molding machines (injection molding machines, blow molding machines, extruders) account for the largest proportion, accounting for more than 80% of the total output value of plastic machinery, and injection molding machines account for plastics 40% of the molding machine. From this calculation, injection molding machines account for approximately 32% of the output value of plastic machinery. Plastic molding equipment is the most used processing machinery in the plastics industry. From a global perspective, the three major categories of plastic machinery are injection molding machines, extruders and blow molding machines. The total output value of plastic machinery accounts for more than 80% of the total output value of plastic machinery. Among them, the output value of injection molding machines accounts for about 40%. The composition of the output value of the machinery industry is roughly the same. The injection molding machine is the largest product in my country's plastic machinery industry with the largest output, the highest output value, and the largest export. The injection molding industry has a wide industry chain. Mold manufacturers, plastic manufacturers, and machinery manufacturers provide injection molding companies with molds, raw materials and equipment required for injection molding. Injection molding companies continue to pass the value chain through injection molding, and ultimately apply to downstream industries such as automobiles, home appliances, 3C, and packaging. From a global perspective, the growth rate of the injection molding machine market is relatively stable. According to statistics from the "Competitive Strategy and Investment Potential Research Report on China's Injection Molding Machine Market 2020-2026" published by CICC International Consulting, the global injection molding machine market is expected to rise steadily from 8.482 billion euros in 2016 to 11.557 billion euros in 2024. , A compound annual growth rate of nearly 3.94%. From a global perspective, the output of plastic molding equipment in the six countries of Germany, Austria, China, Japan, South Korea and Canada accounts for about 80% of the total global output. Manufacturing powerhouses such as Europe and Japan attach great importance to innovation in the field of plastic machinery. More than 45% of the world's plastic machinery patents are owned by European companies, and more than half of the annual export value also comes from Europe. The precision injection molding machines and large injection molding machines produced in European countries represented by Germany have high technical content and high added value, with high profit margins, and almost monopolize the high-end market. Electric injection molding machines produced in Japan account for 30% of the market in North America, and they have obvious advantages in rapid cycle molding and high-precision miniaturized injection molding. my country's plastic machinery industry itself also has obvious cyclical characteristics. On the one hand, the periodicity is the replacement of equipment brought about by the life of the equipment; on the other hand, it is the periodic fluctuations in demand caused by technological upgrades. Looking at the cumulative amount of investment in fixed assets in the downstream rubber and plastic products industry year-on-year, the fluctuation cycle is between 2-3 years, showing obvious fluctuations. In the past ten years, my country's plastic machinery market has steadily expanded. From 2011 to 2019, the compound growth rate of the domestic plastics machinery industry revenue was 4.6%, showing small cyclical fluctuations. Based on the replacement of existing equipment and the upgrading of demand in the downstream automobile, 3C and home appliance consumer product markets, the domestic plastic machine industry has entered a business cycle since the second half of 2016. By mid-2018, affected by the Sino-US trade friction, the domestic automation industry demand has declined significantly, and the plastic machinery industry has also begun to adjust. From a domestic perspective, my country’s injection molding machine industry has formed two industrial clusters in the Yangtze River Delta and the Pearl River Delta. The Ningbo area of ​​the Yangtze River Delta is led by Haitian. One-third. Ningbo Haitian International belongs to the first echelon in the country, with its output and output value accounting for 35% and 43% respectively, and Chen Hsong, Yizumi, Bochuang, Teri and Lijin are in the second echelon. Domestic injection molding machine companies are constantly deploying the global market, and constantly increasing the expansion of overseas markets. The proportion of Haitian International's overseas market sales revenue fluctuates around 30%, and currently has three major factories abroad: Germany, India, and Vietnam. The proportion of Yizumi’s overseas sales revenue has continued to increase, from 15.4% in 2011 to 19.5% in 2017. It acquired the trademark, technical drawings and other intellectual property rights of the original HPM company in the United States. In 2017, it changed the name of HPM to YIZUMI-HPM , Fully implement the dual-brand strategy. In June 2017, in order to open up the Indian market, the Indian plant officially started production. The proportion of Terry's overseas revenue fluctuates between 30% and 40%, and its products are exported to about 80 countries and regions around the world, with 35 overseas distributors. From the perspective of the global plastic machinery market, there is still a big gap between the technological level of Chinese companies and foreign brands, and the exported equipment is still mainly low-end models. In 2019, the average unit price of China's imported injection molding machines was 104,700 US dollars/unit, and the average unit price of exported injection molding machines was 27,400 US dollars/unit, only about 1/4 of the imported equipment. In terms of the layout of overseas markets, the export destinations of Chinese companies are relatively scattered, and they are mainly in undeveloped regions, and they have not yet formed a wide-ranging and in-depth production and distribution distribution. From this perspective, Chinese companies still rely on the domestic market to a large extent, and the competitors that domestic plastic machinery companies face in the international market are not much different from those in the domestic market. In the medium and long term, benefiting from the potential for China's per capita plastic consumption to increase, the injection molding machine industry has greater room for growth. In addition, with the improvement of the competitiveness of domestic injection molding machine products in the global market and the establishment of import substitution and export overseas trends, Chinese companies are expected to gain a larger share in the global market.

　　 In terms of market competition, at present, domestic injection molding machine companies are constantly deploying the global market and increasing the expansion of overseas markets. In the future, with the improvement of the competitiveness of my country's injection molding machine market, the upgrading of downstream plastic products market demand will continue to expand the market scale, and my country's injection molding machine industry has great potential for development.