The market is dominated by domestic suppliers, as imports account for 11.2% of total market size in 2023. B2B drives market demand, with B2B spending representing 51.3% of total demand in 2023. China has the largest market size for television and radio receivers, sound and video recording devices regionally, with demand reaching USD96.2 billion in 2023. Sichuan Changhong Electric Co Ltd is the largest company in China, generating 8.2% of the industry’s total production value in 2023. The industry is fragmented, with the top five companies generating 21.3% of total production value in 2023. The total number of companies remains unchanged in 2023. The costs of the industry decrease by 2.7% in 2023, largely driven by declining B2B costs. The industry’s profitability decreases and stands at 5.2% of production value in 2023, the 14th highest regionally. The industry’s exports share decreases in 2023 to 39.4% of total production output. With production value of USD124 billion, China accounts for 66.8% of the Asia Pacific total in 2023.
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This Euromonitor industrial report provides unique information on Television and Radio Receivers, Sound and Video Recording Devices in China: ISIC 323. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Television and Radio Receivers, Sound and Video Recording Devices in China: ISIC 323 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
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