The market size of China's metal products industry exceeds 400 billion yuan. Analysis of its development characteristics
Time of Release：
Metal products are products that are manufactured into finished products or components by processing metal materials into articles, parts, components, etc., and mainly include large parts such as bridges and ships, and even subtle components of engines, jewelry, and watches.
The metal products industry includes manufacturing of structural metal products, manufacturing of metal tools, manufacture of containers and containers for metal and metal products, and manufacturing of stainless steel and similar metal products for daily use. With the progress of society and the development of science and technology, the use of metal products in the fields of industry, agriculture, and people's lives has become more and more widespread, and it has also created greater and greater value for society.
With the continuous growth of China's economy, the various downstream segments of the metal products industry have maintained a rapid growth trend. The demand for metal products has also continued to grow, driving the market size of the metal products industry to continue to increase. According to the "2018-2022 China Metal Products Market Special Study and Investment Feasibility Assessment Report" published by the New Sijie Industrial Research Center, the market size of the metal products industry in 2014 was 3,452.72 billion yuan, and it increased to 4,060.78 billion yuan in 2017.
In recent years, China’s economic development has been unbalanced. The economic development in the eastern region has been earlier, so the scale is larger, and the downstream applications have a greater demand for metal products. The northeastern region’s economic development has been relatively slow recently, resulting in a limited increase in market size. The western region has a large area and a small population. Although economic growth has accelerated in recent years, due to the weak economic foundation and poor spending power, the market share is not high. Therefore, in 2017, the largest area of China's metal products market was the eastern region, accounting for 38.4%, followed by South China, with a market size of 21.7%, and other regions accounted for a relatively small proportion.
Xinsi industry researchers pointed out that the development characteristics of China's metal products industry are:
Development is fast. In recent years, the rapid development of China's metal products industry, supply and demand to maintain double-digit growth year-round, the industry continues to expand.
Wide range of applications. The field of application of China's metal products industry has been constantly expanding, from the traditional stone, machining, drilling and development, and gradually extended to the aerospace, water treatment and medical industries, the growing application of the area, effectively increasing the industry's demand.
Intense competition. There are a relatively large number of companies in the industry and the competition is fierce. Each company continuously expands its production capacity and output, and the market supply exceeds the demand, making the prices continue to fall.
With the progress of society and the development of science and technology, the use of metal products in the fields of industry, agriculture, and people's lives has become more and more widespread, and it has also created greater and greater value for society. The metal products industry includes manufacturing of structural metal products, manufacturing of metal tools, manufacturing of containers and metal packaging containers, and manufacturing of stainless steel and similar metal products for daily use.
At present, the products of the metal products industry will become more and more diversified. The technology level of the industry will become higher and higher, product quality will increase steadily, and competition and market will be further rationalized. Coupled with the country's further regulation of the industry, as well as the implementation of related industry preferential policies, the future of metal products industry will have great room for development.
Pangyi Metalware (Shanghai) Co., Ltd.
Pangyi Metalware (Shanghai) Co., Ltd.
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