The turnover of the retail of hardware and electrical materials in China is forecasted to decline from 139.27 hundred million Yuans Renminbi in 2024 to 108.92 hundred million Yuans Renminbi by 2028. The year-on-year variations indicate a consistent decline over the forecast period, with 2025 experiencing a -7.39% drop from 2024, followed by further decreases of -6.39%, -5.45%, and -4.62% in 2026, 2027, and 2028, respectively. Over the last two years, the average annual decline has been -7.39%. The compound annual growth rate (CAGR) over the five-year forecast period ending in 2028 is -5.94%.
Future trends to watch for in this sector include technological advancements in hardware and electrical materials, shifts in consumer preferences towards more energy-efficient and sustainable products, and the impact of policy changes in China's environmental regulations. Additionally, economic conditions and market competition will play critical roles in influencing turnover trends.