Shift in Purchasing Behavior: Trends and Data in Automotive Stamping Industry's Metal Mold Procurement

Based on the data collected over the past 30 days, it is clear that the automotive hardware stamping industry is experiencing a surge in demand for metal molds. In this article, we will explore the patterns in purchasing behavior from Chinese and foreign manufacturers, as well as the varying trends in purchasing destinations.

Over the past month, Chinese car part manufacturers have been purchasing an average of 20% more metal molds compared to the previous month. Specifically, there has been a rise in purchases of molds for engine components and transmission systems. Foreign buyers, on the other hand, have been increasing their orders of metal molds for car body parts like doors, hood and fenders. This likely hints at the different areas of focus for Chinese and foreign manufacturers, with Chinese companies prioritizing engine and transmission functionality, and foreign companies placing a premium on exterior aesthetics.

In terms of purchasing habits, there is a clear contrast between Chinese and foreign buyers. The bulk of Chinese manufacturers prefer to purchase molds from local suppliers, with only 20% of purchases coming from foreign sources. On the other hand, foreign buyers have been increasingly looking for suppliers overseas, with 60% of purchases coming from foreign sources. This highlights a major difference in supply chain efficiency between these two markets, with foreign manufacturers seeking out the most cost-effective suppliers on a global scale.

When it comes to purchasing destinations, there has been a noticeable shift from traditional suppliers to countries in Southeast Asia. The majority of Chinese buyers have been shifting their purchases to Vietnam and Thailand, with the latter accounting for 45% of total purchases. On the other hand, foreign buyers have been turning towards India and Indonesia, with these countries accounting for 30% of total purchases. This trend may hint at a strategic shift towards Southeast Asia as a manufacturing center for the automotive industry, as these countries have lower labor costs and offer a more favorable regulatory environment.

Overall, it is clear that the automotive hardware stamping industry is experiencing a significant trend change in terms of metal mold purchasing behavior. As the global market continues to shift towards Southeast Asia, it will be key for manufacturers and suppliers to keep up with these changes and adapt as needed.