The market is dominated by domestic suppliers, as imports account for 5.5% of total market size in 2024. B2B drives market demand, with B2B spending representing 100.0% of total demand in 2024. China has the largest market size for industrial air-conditioning, packaging and other general purpose machinery regionally, with demand reaching USD373 billion in 2024. Midea Group Co Ltd is the largest company in China, generating 6.2% of the industry’s total production value in 2024. The industry is fragmented, with the top five companies generating 10.0% of total production value in 2024. The total number of companies increases in 2024, to 520,798 units. The costs of the industry increase by 4.6% in 2024, largely driven by rising B2B costs. The industry’s profitability increases and stands at 13.2% of production value in 2024, the eighth highest regionally. The industry’s exports share increases in 2024 to 13.5% of total production output. With production value of USD358 billion, China accounts for 76.7% of the Asia Pacific total in 2024.
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This Euromonitor industrial report provides unique information on Industrial Air-conditioning, Packaging and Other General Purpose Machinery in China: ISIC 2919. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Industrial Air-conditioning, Packaging and Other General Purpose Machinery in China: ISIC 2919 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
The Machinery in China report includes:
- Five year forecasts on industry’s historic trends and growth
- Insights on key factors shaping industry’s historic and future performance
- Historic data on industry’s turnover, market size, imports and exports
- Detailed overview of industry’s supply and demand structure
- Analysis of competitive landscape changes within the industry
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- Is industry’s competitive landscape concentrated or fragmented?
Industrial Air-conditioning, Packaging and Other General Purpose Machinery in China: ISIC 2919
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Machinery
This is the aggregation of general purpose machinery and special purpose machinery.
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