The market is dominated by domestic suppliers, as imports account for 24.3% of total market size in 2020. B2B drives market demand, with B2B spending representing 99.6% of total demand in 2020. China has the largest market size for forming of metal and powder metallurgy in the region, with demand reaching USD46.9 billion in 2020. Faw Bharat Forge (Changchun) Co Ltd is the largest company in China, generating 0.4% of the industry’s total production value in 2020. The industry is fragmented, with the top two companies generating 0.6% of total production value in 2020. The total number of companies decreases in 2020, to 265,678 units. The costs of the industry increase by 2.9% in 2020, largely driven by rising B2B costs. The industry’s profitability increases and stands at 13.2% of production value in 2020, the eighth highest in the region. With production value of USD31.7 billion, China accounts for 44.7% of the Asia Pacific total in 2020.
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This Euromonitor industrial report provides unique information on Forming of Metal and Powder Metallurgy in China: ISIC 2891. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Forming of Metal and Powder Metallurgy in China: ISIC 2891 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
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