Forecast: Turnover of Wholesale of Hardware and Electrical Materials in China

The forecasted turnover for the wholesale of hardware and electrical materials in China shows steady growth from 2024 onwards, starting at 2.22 hundred billion Yuans Renminbi in 2024 to 2.29 in 2028. Back in 2023, the turnover was 2.20, which translates into year-on-year growth rates of approximately 0.91% for 2024, 0.90% for 2025, 0.89% for 2026, 0.88% for 2027, and 0.44% for 2028. The Compound Annual Growth Rate (CAGR) over these five years is around 0.84%, highlighting a modest yet consistent growth pattern.

Future trends to watch for include the increased adoption of smart hardware and IoT devices, the expansion of e-commerce channels in the wholesale sector, and the ongoing industrial upgrading in China. These factors could accelerate growth beyond current forecasts, particularly if technological advancements and market penetration rates increase.

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