Water pump Industry Trend
Water pump Industry Trend
China's pump industry in recent years pump production and marketing level has remained stable, about 95%.The increasingly intensified market competition in water pump industry makes many pump manufacturers realize that quality, price, technology and service will become important factors in the competition within the industry.The following trend analysis of water pump industry.
The trend analysis of water pump industry shows that from 2014 to 2018, the market size of China's cooling water pump industry keeps rising. Due to the influence of market demand, product price and other factors, the growth rate presents a fluctuating trend.Analysis of water pump industry shows that in 2014, the market size of China's cooling water pump industry was 45.19 billion yuan, with a year-on-year growth of 7.7%;By 2018, driven by the growing market demand and rising product prices, the market size of China's cooling water pump industry will increase to 58.5 billion yuan, with a year-on-year growth of 7.4%.
As pump enterprises continue to increase input in product innovation, technology update, channel construction and brand maintenance in the future, superior enterprises in the industry can further seize market share only by continuously expanding scale and reducing production costs and expenses on the premise of ensuring product quality.Now from five directions to analyze the trend of water pump industry.