The market is dominated by domestic suppliers, as imports account for 1.3% of total market size in 2022. B2B drives market demand, with B2B spending representing 91.7% of total demand in 2022. China has the largest market size for tanks, reservoirs, boilers and radiators regionally, with demand reaching USD49.1 billion in 2022. Harbin Boiler Co Ltd is the largest company in China, generating 0.7% of the industry’s total production value in 2022. The industry is fragmented, with the top five companies generating 2.0% of total production value in 2022. The total number of companies decreases in 2022, to 67,903 units. The costs of the industry decrease by 7.3% in 2022, largely driven by declining B2B costs. The industry’s profitability increases and stands at 6.3% of production value in 2022, the 15th highest regionally. The industry’s exports share increases in 2022 to 5.2% of total production output. With production value of USD46.7 billion, China accounts for 64.6% of the Asia Pacific total in 2022.
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This Euromonitor industrial report provides unique information on Tanks, Reservoirs, Boilers and Radiators in China: ISIC 2812. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Tanks, Reservoirs, Boilers and Radiators in China: ISIC 2812 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
This is the aggregation of basic iron and steel, basic preciuos and non-ferrous metals, casting of metals, coating of metals and mechanical engineering, forming of metal and power metallurgy, metal packaking, wire and other fabricated metal products.
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