The market is dominated by domestic suppliers, as imports account for 7.2% of total market size in 2023. B2B drives market demand, with B2B spending representing 98.9% of total demand in 2023. China has the largest market size for electrical equipment for engines and vehicles regionally, with demand reaching USD190 billion in 2023. Denso (China) Investment Co Ltd is the largest company in China, generating 3.6% of the industry’s total production value in 2023. The industry is fragmented, with the top five companies generating 7.8% of total production value in 2023. The total number of companies remains unchanged in 2023. The costs of the industry decrease by 0.6% in 2023, largely driven by declining B2B costs. The industry’s profitability decreases and stands at 6.0% of production value in 2023, the 16th highest regionally. The industry’s exports share decreases in 2023 to 17.9% of total production output. With production value of USD190 billion, China accounts for 60.5% of the Asia Pacific total in 2023.
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This Euromonitor industrial report provides unique information on Electrical Equipment for Engines and Vehicles in China: ISIC 319. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Electrical Equipment for Engines and Vehicles in China: ISIC 319 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
This is the aggregation of electricity generation, distribution and storage equipment, computers, office machinery and communications equipment, and medical and precision equipment.
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