The market is dominated by domestic suppliers, as imports account for 24.1% of total market size in 2022. B2B drives market demand, with B2B spending representing 100% of total demand in 2022. China has the largest market size for engines and turbines, except aircraft, vehicle and cycle engines regionally, with demand reaching USD69.0 billion in 2022. Dongfang Electric Corp Ltd is the largest company in China, generating 7.8% of the industry’s total production value in 2022. The industry is fragmented, with the top five companies generating 25.8% of total production value in 2022. The total number of companies decreases in 2022, to 21,223 units. The costs of the industry decrease by 16.4% in 2022, largely driven by declining B2B costs. The industry’s profitability increases and stands at 5.9% of production value in 2022, the 18th highest regionally. The industry’s exports share increases in 2022 to 15.0% of total production output. With production value of USD55.2 billion, China accounts for 59.4% of the Asia Pacific total in 2022.
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This Euromonitor industrial report provides unique information on Engines and Turbines, Except Aircraft, Vehicle and Cycle Engines in China: ISIC 2911. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Engines and Turbines, Except Aircraft, Vehicle and Cycle Engines in China: ISIC 2911 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
This is the aggregation of general purpose machinery and special purpose machinery.
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