QYResearch: The China Die Casting Machine revenue would keep increasing with annual growth rate with 7-8%
China Die Casting Machine industry is concentrate. The top five producers account for about 49.18% of the revenue market. Regionally, East China is the biggest production area of Die Casting Machine.
The production of die casting machine increases from 6170 Units in 2012 to 8098 Units in 2017, with an average growth rate of more than 7.03%.
East China occupied 43.37% of the production market in 2016. It is followed by Central China and Northeast China, which respectively have around 29.61% and 17.10% of the China total industry. Other countries have a small amount of production. Geographically, East China was the largest consumption market in China, which took about 44.81% of the global consumption value in 2016.
For forecast, the China Die Casting Machine revenue would keep increasing with annual growth rate with 7-8%, and a little higher speed in East China. We tend to believe that this industry still has a bright future, considering the current demand of Die Casting Machine. As for product prices, the slow downward trend in recent years will continue in the next few years, as competition intensifies. Similarly, there will be fluctuations in gross margin.
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