With improvement of living standards, demand for household appliances in China has maintained a steady and rapid development. According to data, from 2011 to 2016, main business income of China's household appliances industry increased from 1.101.575 billion yuan to 1.460.56 billion yuan, with an annual compound growth rate of 580%; total profit of industry increased rapidly from 51.162 billion yuan to 16.69 billion yuan, with an annual compound growth rate of 18.53%.
China's household appliances industry has formed a complete self-supporting system of spare parts, creating a complete upstream and downstream industrial chain. Most parts of household appliances products depend on injection moulding. Industrial clustering provides a good external environment for formation of linkage effect between mould industry and related industries such as household appliances industry. Experts predict that with gradual development of household appliances towards intelligence, personalization and lightweight, iteration speed of renewal of household appliances products is significantly accelerated, and future market of household appliances industry will remain stable growth trend.