Market Insights Industry Manufacturing Industrial Products & Services

Machinery & Equipment - China

China

Value added in the Machinery & Equipment market is projected to amount to 0.00 in 2024.
A compound annual growth rate of 0 is expected (CAGR 2024–0).
Output in the Machinery & Equipment market is projected to amount to US$4.55tn in 2024.
A compound annual growth rate of 15.40% is expected (CAGR 2024–0).
The number of enterprises in the Machinery & Equipment market is projected to amount to 150.90k in 2024.
A compound annual growth rate of 16.44% is expected (CAGR 2024–0).
The number of employees in the Machinery & Equipment market is projected to amount to 29.09m in 2024.
A compound annual growth rate of 22.67% is expected (CAGR 2024–0).

Key regions: United Kingdom, South Korea, Austria, Spain, Japan

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Methodology

Data coverage:

The data encompasses B2B. Figures are based on the value added in the manufacturing market.

Modeling approach:

Market sizes are determined through a bottom-up approach, building on specific predefined factors for each market. As a basis for evaluating markets, we use resources from the Statista platform as well as annual financial reports of the market-leading companies and industry associations, third-party studies and reports, national statistical offices, international institutions, and the experience of our analysts. In addition, we use relevant key market indicators and data from country-specific associations, such as GDP, consumer spending, and consumer price index.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, the S-curve function and exponential trend smoothing are well suited for forecasting the manufacturing market due to the non-linear growth of this market.

Additional notes:

The data is modeled using current exchange rates. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. The market is updated twice a year.