Hardware products industry status analysis
1. Market size
With the development of the domestic economy and the continuous advancement of urban construction, the demand for hardware products in construction, home, automotive and other fields continues to increase, the market size of China's hardware products industry continues to expand, data show that in 2015, the market size of China's hardware products is about 90.127 billion yuan, and it will grow to 110.24 billion yuan in 2022. The compound annual growth rate was 2.92%.
2015-2022 China hardware products market size and growth rate
2. Output value
China's hardware industry has made great progress in the past few decades. The output value of the domestic hardware products industry is also continuing to grow steadily, and the output value of China's hardware products industry in 2022 is about 164.73 billion yuan, with a year-on-year growth rate of 0.68%. In the future, with the further innovation of technology and changes in market demand, the hardware industry still has great potential for development.
2015-2022 China hardware products industry output value and growth rate
3. Retail market turnover
At present, China's hardware products industry is mainly based on wholesale, retail sales are relatively small. According to statistics, in 2021, China's hardware retail market turnover reached about 6 billion yuan, a year-on-year decrease of 3.88%.
Turnover and growth rate of China's hardware retail market from 2017 to 2021
