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In the decade through 2009, the Computer Peripheral Equipment Manufacturing industry developed rapidly as domestic and foreign demand for the industry's products increased. Over the last five years, declining final prices and intense industry competition contributed to relatively slower industry revenue growth and narrower profit margins. In addition, as laptops have become more popular, demand for some computer peripheral equipment has declined. Over the five years through 2014, revenue has been growing at an annualized rate of 12.0% to total $192.0 billion. International trade is highly important to this industry, with exports driving the industry's development over the past decade. Exports accounted for 96.6% of industry revenue in 1998, compared to an estimated 40.2% in 2014.In the five years through 2014, revenue for the Computer Peripheral Manufacturing industry has been growing at a solid annualized rate of 12.0%. Revenue growth was low in 2008 and 2009, at 5.4% and 4.2% respectively, as foreign demand weakened. In 2010, the industry rebounded along with the overall economy, growing strongly by 30.0%.In 2011, affected by the European debt crisis, revenue showed slower growth of 8.6%. As an export-oriented industry, the effects of the European debt crisis continued in 2012, and industry grew just 8.1% to $166.2 billion. The appreciation of China's yuan has been accelerating since mid-2007, directly reducing the competitive strength of Chinese products in the global market and contributing to export declines in 2008 and 2009.Leading CompaniesChi Mei OptoelectronicsLG ElectronicsQisda CorporationSeagate GroupTPV Technology LimitedIndustry Statistics & Market SizeRevenue$192bnAnnual Growth 09-1412.0%Employment ('000)1,334Businesses1,209For more information on the "Computer Peripheral Manufacturing in China" market analysis, see the latest research: Computer Peripheral Manufacturing in ChinaFollow us on Twitter @CandMResearch
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Copyright Newstex Dec 10, 2014