The development prospect of foundry manufacturers

Casting parts manufacturers development prospects.

(1) The national industrial policy is a strong guarantee for the development of the industry.

Foundry industry is the basic industry of manufacturing industry, is the basic guarantee for the innovation and development of many products and high-end technology and equipment, plays an indispensable role in the development of the national economy, over the years the government and industry authorities have given strong support to the policy.

(2) The downstream demand is growing steadily, providing broad space for the development of the industry.

Casting products are widely used in various manufacturing industries, such as automobiles, internal combustion engines, mining and metallurgy, construction machinery, power generation, rail transit, ships, etc., and the weight of the casting accounts for a higher proportion of the weight of the whole machine. With the development of new urbanization and industrialization in China, the development of strategic emerging industries has driven the sustainable development of related manufacturing industries, promoted the improvement of the demand for related casting products, and provided a broad market space for the development of the casting industry.

(3) Technological progress and the integration of the two promote industrial development and structural optimization.

The overall technology research and development capability of China's casting industry will continue to improve under the guidance of the national manufacturing power strategy, the technical testing ability and process control ability of casting enterprises, the implementation ability of technical standards will be further enhanced, improve the international competitiveness of China's casting products, and provide guarantee for the realization of independent production and export of key castings. Thus promote the sustainable development of China's foundry industry.

For more information, please refer to the "Research Report on the Market Prospects and Investment Opportunities of China Foundry Industry in 2020-2025" released by the China Business Industry Research Institute. The China Business Industry Research Institute also provides industrial big data, industrial planning, industrial planning, industrial planning, industrial planning and other aspects of planning.