The forging industry is one of the important manufacturing industries and occupies an important position in the Chinese market. This article will analyze the Chinese forging industry from the aspects of the current market environment and future trends.
I. Current Market Environment
- Policy Environment:
The development of China’s forging industry has become a strategic industry for the country, with obvious increase in policy support. The “Made in China 2025” released in 2015 clearly stipulates that the forging industry should achieve Industry 4.0 upgrade by 2025, enhance intelligent equipment and intelligent manufacturing capabilities. The forging industry was also listed as one of the key areas in the 2016 version of the “Made in China 2025 Implementation Plan”.
At the same time, the government is continuously promoting supply-side structural reform, optimizing the industrial structure, implementing a high-quality development strategy, and providing various policy support to enterprises. - Market Situation:
In recent years, the domestic forging market has gradually expanded, with broad demand in fields such as automobiles, aviation, water conservancy, nuclear power and so on. Data shows that in 2019, China’s total output of forgings reached 12.97 million tons, among which the demands in bulk industries such as automobiles, heavy machinery, ships, oil and petrochemicals, and electricity are still growing. Moreover, with the increase in national investment and the promotion of new infrastructure construction, the forging industry will also benefit from the development of fields such as water conservancy, transportation, and energy.
II. Future Trends Forecast
- The market size will continue to expand:
In the future, the Chinese forging market scale will continue to expand. With the strong support of the country and the implementation of various policies, the forging industry will actively respond to national initiatives such as “New Infrastructure” and “Dual Circulation”, innovate technology, optimize products, and improve services to meet domestic and international market demand. - Intelligent, efficient production:
With the comprehensive promotion of Industry 4.0, the forging industry will usher in an intelligent, highly efficient, and low-cost production mode during the production process. By utilizing advanced technology such as the Internet of Things and 5G, digital management, automated manufacturing, and flexible production can be realized, improving production efficiency and quality. - Environmental protection, energy conservation, and sustainable development:
With the deepening of global environmental awareness, as a manufacturing industry with relatively large energy consumption, the forging industry also needs to transform and upgrade. In the future, forging enterprises will pay more attention to environmental protection, energy conservation, and sustainable development, adopt more advanced emission reduction and energy-saving technologies, and improve resource utilization efficiency.
Case study: Kunming Donglong Group
In 2019, Kunming Donglong Group launched a smart forging production line, which realized two major upgrades in logistics automation and process intelligence.
The production line is equipped with a control system, visual production platform, human-machine interaction interface, intelligent manufacturing cloud platform, and other intelligent functions, achieving information and digital management for the entire process from raw material entering the factory to finished products leaving the factory.
Conclusion:
The Chinese forging industry has shown steady market performance under the support of national policies, and its future development prospects are promising. Enterprises should increase their efforts in technological innovation, follow the path of intelligent upgrading, build a sustainable development forging industry chain, and lead industrial upgrading and transformation development.
