With production value of USD118 billion, China accounts for 61.4% of the Asia Pacific total in 2023. The industry’s exports share decreases in 2023 to 13.0% of total production output. The industry’s profitability increases and stands at 7.6% of production value in 2023, the 19th highest regionally. The costs of the industry increase by 1.8% in 2023, largely driven by rising B2B costs. The total number of companies remains unchanged in 2023. The industry is fragmented, with the top five companies generating 3.6% of total production value in 2023. Ningbo Sanxing Medical Electric Co Ltd is the largest company in China, generating 1.2% of the industry’s total production value in 2023. China has the largest market size for appliances for measuring, navigating and testing regionally, with demand reaching USD175 billion in 2023. B2B drives market demand, with B2B spending representing 100.0% of total demand in 2023. The market is dominated by domestic suppliers, as imports account for 28.9% of total market size in 2023.
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This Euromonitor industrial report provides unique information on Appliances for Measuring, Navigating and Testing in China: ISIC 3312. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Appliances for Measuring, Navigating and Testing in China: ISIC 3312 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
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