What are the advantages of Chinese forging factories in certain fields? Please provide data and examples to illustrate and write an article about it.
Chinese forging factories have a significant position in the global forging market, with some areas displaying particular strengths. This article will introduce which fields Chinese forging factories have advantages in.
Firstly, China has a massive domestic market. In recent years, the Chinese economy has continued to grow and requires a large amount of infrastructure and engineering machinery, such as buildings, railways, and cars. This rapid development has also led to the fast growth of the Chinese forging industry. According to statistics, in 2019, global automotive production exceeded 90 million units, of which China’s automotive production exceeded 27 million units, ranking first in the world. In these high-demand fields, Chinese forging factories can better meet market demands and have price competitiveness.
Secondly, China’s forging technology leads the world. With several centuries of forging history, China has accumulated rich experience and is also promoting technological innovation by continuously researching various advanced forging techniques. For example, Shanghai Meco Energy Technology Corporation’s SPF (forging pre-forming) technology has been extensively used in aerospace, high-end wheel manufacturing, and other fields, achieving significant results.
In addition, Chinese forging enterprises occupy an important position in supply chains with developed countries such as Europe and the United States. According to statistics, currently, Chinese forging exports to the European and American markets account for about 80% of its total exports. China has become the global center for forging product manufacturing and component supply, and previously outsourced industrial production from Europe and the United States has shifted to China. Chinese forging enterprises not only have mature supply chains and excellent production capabilities but also have advantages in price and rapid delivery capabilities.
In conclusion, Chinese forging factories have advantages in domestic market demand, technological innovation, and overseas market supply chains, playing a critical role in the global forging market with their excellent resource advantages and production capabilities.
