Forecast: Turnover of Hardware and Electrical Materials in China

The turnover of hardware and electrical materials in China is forecasted to remain stable at approximately 2.36 hundred billion yuan from 2024 to 2027, with a slight dip to 2.35 hundred billion yuan in 2028. In 2023, this turnover was recorded at 2.36 hundred billion yuan. Thus, the year-on-year variation from 2023 to 2024 shows a 0% change. Over the five-year forecast period (2024-2028), the Compound Annual Growth Rate (CAGR) is nearly 0%, indicating minimal growth.

The stability and slight decline suggest maturation in the hardware and electrical materials market in China. Future trends to watch for include potential shifts towards environmentally friendly and energy-efficient products, advancements in smart technology integration, and the impact of global supply chain fluctuations on the market. Monitoring these factors will be crucial for understanding long-term market dynamics.

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