Market scale and future development trend of China's hydraulic support industry
According to the 2023-2029 China Hydraulic Support Industry Market Research Analysis and Investment Outlook Report released on Market Research Online, the market size of China's hydraulic support industry has increased from 2.2 billion yuan in 2017 to 4.5 billion yuan in 2019. It is expected that by 2023, the market size of hydraulic supports in China will reach 6.8 billion yuan.
The rapid development of the bracket market benefits from government policy support, progress in production technology, and increased user demand. On the one hand, with the support of government policies, the hydraulic support industry has been vigorously developed, and the quality of various support products has also been guaranteed. On the other hand, technological progress has also driven the development of the hydraulic support industry, resulting in higher production efficiency, lower costs, and superior product performance for hydraulic supports. In addition, the demand for hydraulic supports from users is constantly increasing, and the application range of hydraulic supports is also expanding, which is an important factor in the growth of the hydraulic support market size.
In the coming years, the hydraulic support industry will continue to maintain a growth trend and the market size will steadily expand. The government will continue to strengthen support to promote the development of the hydraulic support industry; Production technology will also continue to improve, making product performance more superior; The demand for hydraulic supports from users will continue to increase, making the application range of hydraulic supports more extensive.
In short, the hydraulic support industry will continue to grow. In the coming years, the scale of China's hydraulic support market will continue to expand, and its future development prospects are broad. As a factory specializing in the production of gas supports, we will definitely serve customers both domestically and internationally with professional technology and mature products.