Over the past few decades, the domestic hardware mold industry has undergone significant growth, but this progress has also brought about intense competition. The industry is now facing challenges such as disorderly competition, low-cost products, and a lack of innovation. In the 1960s, the hardware mold sector started to take off in the southern coastal regions, reaching its peak in the late 1980s. Back then, starting a mold processing plant was relatively easy, requiring little more than a few pieces of second-hand machinery and around 30,000 yuan. Today, after more than four decades of development, there are over 10,000 hardware and mold processing companies, most of which are small-scale, labor-intensive operations. While many domestic private mold enterprises now possess advanced equipment and technology, the sector still suffers from issues like insufficient capital and weak brand recognition. Experts suggest that these companies should focus on increasing investment in management and technological upgrades, shifting their focus towards producing higher-end products. Additionally, they should establish domestic sales divisions and work on expanding the local market. According to industry analysts, promoting a circular economy within the hardware mold industry is essential. This includes adhering to the principles of reduction, reuse, and recycling, reducing resource consumption and waste, and implementing favorable policies for comprehensive resource utilization. For instance, waste batteries, discarded household appliances, old furniture, bamboo and wood processing residues, mining waste, sewage treatment plant sludge, and stainless steel processing waste could all be recycled. Developing modern manufacturing services and extending the upstream and downstream supply chains centered around mold manufacturing is another key area of focus. Supporting the establishment of mold industry clusters while ensuring proper regional distribution will help foster complementary and coordinated development. Such efforts will undoubtedly drive the rapid and sustainable growth of China’s hardware mold accessory industry.

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