The gasoline consumption in the manufacture of general purpose machinery in China was forecasted to be 10.31 ten thousand metric tons in 2024, declining each year to an estimated 8.27 ten thousand metric tons by 2028. This represents a downward trend.
Year-on-year variation shows a decrease: 6.7% from 2024 to 2025, 5.8% from 2025 to 2026, 4.9% from 2026 to 2027, and 4.1% from 2027 to 2028. The compound annual growth rate (CAGR) over the 2024-2028 period is approximately -5.4%, indicating a consistent reduction in gasoline consumption in this sector.
Future trends to watch for:
- Adoption of energy-efficient technologies and renewable energy sources in machinery manufacturing.
- Government policies promoting sustainability in industrial practices.
- Advancements in machine design reducing energy dependency.