The Gross Domestic Product (GDP) in China expanded 4.80 percent in the third quarter of 2025 over the same quarter of the previous year. This dataset provides - China GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

In 2024, the real gross domestic product (GDP) of Shanghai municipality in China increased by around *** percent from the previous year. Shanghai is the most populous city in China and has the largest GDP of all Chinese cities. It is located in Eastern China on the southern estuary at the mouth of the Yangtze river. Development of GDP growth in Shanghai As a bridgehead to global markets and a forerunner in market opening, Shanghai experienced a decades long economic boom, which massively changed the shape of the city. Economic growth rates had double digits for more than two decades since 1992 and were well above the Chinese national average. This changed fundamentally with the global financial crisis. In 2008, the growth rate fell below ten percent and gradually declined thereafter. Growth rates now got closer to the national average of GDP growth. While the economic development in Shanghai has already reached a high level, other regions in China are catching up, and growth rates in many inland regions of China are now higher than in Shanghai. This is especially true on a city level, with many lower-tier cities experiencing higher growth rates than Shanghai. Sector distribution of GDP growth Upon closer examination of the distribution of GDP across economic sectors, it becomes obvious that the service sector of the economy exhibited the highest growth rates in most of the recent years. In 2024, services already accounted for more than ** percent of the value added to the GDP, which is far above the national average. In contrast, the industrial sector, which had once been of great importance to Shanghai's economy, is losing momentum and its share in total economic output is shrinking constantly. Financial intermediation and information industries were branches in the service sector that displayed the fastest growth rates in recent years.

In 2024, the gross domestic product (GDP) of Shenzhen city in China increased by *** percent compared to the previous year. Located next to Hong Kong, Shenzhen ranked first for GDP in the Guangdong-Hong Kong-Macao Greater Bay Area. The GDP growth of Shenzhen slowed down continuously in the past years.

Energy-based economic development brings about some environmental problems, and as China’s economy shifts from rapid growth to high-quality development, the implementation of environmental regulation is crucial to achieving environmental protection and high-quality economic development. Based on the panel data of 14 prefectures and cities from 2000 to 2018 in Xinjiang, this study explored the impact of environmental regulation on high-quality economic development by constructing a comprehensive evaluation index system and using entropy method and Tobit regression model. The results show that 1) overall, each 1% increase in environmental regulation is associated with a 0.037% rise in high-quality economic development level; 2) regionally, each 1% increase in environmental regulation is associated with a 0.119% rise in high-quality economic development level in northern Xinjiang, but the effect on the southern Xinjiang is not significant; 3) each 1% increase in environmental regulation, the level of high-quality economic development decreased by 0.034% from 2000 to 2010 and increased by 0.061% from 2011 to 2018. In general, this study adds to the theoretical and empirical study on the influence of environmental regulation on high-quality economic development while providing a methodology for other economies to assess the relationship between the two.

In 2024, the average per capita gross domestic product (GDP) in the Guangdong - Hong Kong - Macao Greater Bay Area ranged at ****** U.S. dollars. Per capita gross domestic product in Macao amounted to around ****** U.S. dollars in that year, ranking first among cities in the Greater Bay Area. The Greater Bay Area in China The political concept of the Guangdong - Hong Kong - Macao Greater Bay Area was introduced to the public in 2017 and further implemented by jointly signed agreements in the following years. It aims at integrating the special administrative regions of Macao and Hong Kong into the Chinese mainland and boosting the economy of all participating cities in the Pearl River Delta. The development plan for the Greater Bay Area is part of a national Chinese initiative to promote several economic city clusters in China. On the Chinese mainland, nine cities are part of the Greater Bay Area region, all of them located in Guangdong province: Shenzhen, Guangzhou, Zhuhai, Foshan, Zhongshan, Dongguan, Huizhou, Jiangmen, and Zhaoqing. In the long run, the joint plan intends to develop the region into the world's largest and economically most successful Bay Area. Per capita GDP in the Greater Bay Area In terms of per capita GDP, the more mature economies of Macao and Hong Kong are still ahead of mainland Chinese cities in the Greater Bay Area, although Shenzhen and Guangzhou belong to the most developed cities in the whole of mainland China. However, growth rates on the mainland are considerably higher than in Hong Kong and Macao. This is especially true for Shenzhen, which is famous for its past economic boom and has developed into a bustling high-tech location, home to the well-known computer and internet giants Huawei and Tencent.

Auto Boom Priming System Market Outlook

According to our latest research, the Global Auto Boom Priming System market size was valued at $1.2 billion in 2024 and is projected to reach $2.45 billion by 2033, expanding at a CAGR of 8.1% during the forecast period of 2025–2033. The primary growth driver for the global auto boom priming system market is the rapid adoption of automation and precision technologies across core sectors such as agriculture, construction, and industrial operations. These systems are increasingly recognized for their ability to enhance efficiency, reduce manual intervention, and minimize operational downtime, making them indispensable in modern mechanized processes. As industries continue to prioritize productivity and sustainability, demand for advanced priming technologies that facilitate seamless and reliable fluid delivery is expected to surge, underpinning robust market expansion over the next decade.

Regional Outlook

North America currently holds the largest share of the global auto boom priming system market, accounting for over 35% of total revenue in 2024. This dominance is attributed to the region’s mature agricultural and construction machinery sectors, well-established OEM networks, and widespread adoption of automation technologies. Progressive government policies supporting smart farming and infrastructure modernization have further accelerated market penetration. Moreover, North America’s robust R&D ecosystem fosters continuous product innovation, enabling manufacturers to introduce advanced and efficient priming solutions. The presence of leading market players and a strong aftermarket service network also contribute to the region’s sustained leadership in the auto boom priming system space.

Asia Pacific is projected to be the fastest-growing region, with a remarkable CAGR of 10.3% from 2025 to 2033. The rapid pace of industrialization, coupled with large-scale investments in agricultural modernization and construction activities, is fueling demand for auto boom priming systems across emerging economies such as China, India, and Southeast Asia. Governments in the region are increasingly implementing policies and incentives to promote mechanization and technological upgrades, further bolstering market growth. The expanding population, rising food security concerns, and the need for efficient irrigation and spraying solutions are also propelling adoption rates, positioning Asia Pacific as a key growth engine for the global market.

In Latin America and the Middle East & Africa, the market is witnessing steady growth, driven by increasing awareness of the benefits of automated priming systems and gradual shifts towards mechanized agriculture and construction. However, these regions face adoption challenges such as limited access to capital, inadequate technical infrastructure, and fluctuating policy environments. Localized demand is primarily shaped by the varying pace of economic development and the need for cost-effective solutions tailored to regional requirements. As governments and private stakeholders intensify efforts to bridge technology gaps and improve access to modern equipment, these emerging markets are expected to offer significant opportunities for sustained market expansion, albeit at a more moderated pace compared to North America and Asia Pacific.

Report Scope

Towable Boom Lift Market Outlook

According to our latest research, the Towable Boom Lift market size was valued at $1.2 billion in 2024 and is projected to reach $2.3 billion by 2033, expanding at a robust CAGR of 7.1% during the forecast period of 2025–2033. The primary driver fueling the global Towable Boom Lift market is the surge in infrastructure development and urbanization, which has significantly increased demand for flexible, efficient, and portable aerial work platforms across construction, utilities, and maintenance sectors. As industries increasingly prioritize operational safety and efficiency, towable boom lifts have emerged as a critical solution, offering versatility and ease of transportation for a wide range of elevated work applications.

Regional Outlook

North America currently holds the largest share of the global Towable Boom Lift market, accounting for approximately 38% of the total market value in 2024. This dominance is attributed to the region's mature construction and industrial sectors, advanced technological adoption, and stringent occupational safety regulations that necessitate the use of reliable aerial work platforms. The United States, in particular, has seen substantial investments in both public infrastructure and private real estate projects, driving consistent demand for towable boom lifts. Furthermore, the presence of leading manufacturers and rental service providers has fostered a competitive landscape that encourages continuous product innovation and rapid market penetration. Government policies supporting infrastructure renewal and urban redevelopment projects further bolster the market's growth trajectory in North America.

The Asia Pacific region is forecasted to be the fastest-growing market for towable boom lifts, with a projected CAGR exceeding 9.2% through 2033. This remarkable growth is underpinned by rapid industrialization, expanding construction activities, and significant investments in infrastructure development across emerging economies such as China, India, and Southeast Asian nations. The increasing adoption of advanced construction equipment, coupled with rising awareness regarding workplace safety, is propelling market expansion. Additionally, favorable government initiatives aimed at boosting urban infrastructure and smart city projects are creating lucrative opportunities for both local and international towable boom lift manufacturers. The region's robust manufacturing ecosystem and growing rental equipment market are also contributing to the acceleration of towable boom lift adoption.

In contrast, markets in Latin America, the Middle East, and Africa are witnessing gradual yet steady adoption of towable boom lifts, primarily driven by localized demand in urban centers and ongoing policy reforms targeting infrastructure modernization. However, these regions face unique challenges, including fluctuating economic conditions, limited access to advanced equipment, and variable regulatory environments that can impede market growth. Despite these obstacles, rising investments in commercial and industrial projects, along with increasing emphasis on safety standards, are gradually fostering greater acceptance of towable boom lifts. As local governments and private sector players prioritize modernization, the market is poised for incremental growth, albeit at a slower pace compared to more developed regions.

Report Scope

In 2024, the construction industry in China generated an output of over *********** yuan, representing an increase of more than ***percent from a decade ago. Stimulus from the real estate sector and government-funded projects With the liberalization of the housing market in the late 1990s, China's real estate industry enjoyed a 20-year boom since the early 2000s. Amidst the surge in housing prices, local governments across China received considerable non-tax revenue from land leases and in turn, invested the funds in infrastructure development projects. This led to the continuous prosperity of the country’s construction industry. A vital segment of China’s economy Thanks to the stimulus from housing developments and infrastructure projects, the construction industry is now one of the pillar industries of China's economy, accounting for around ***** percent of the country's GDP. However, with the recent difficulties experienced by many major real estate enterprises, and the stagnation in infrastructure construction owing to local governments' debt situation, China's construction sector faces a somewhat uncertain future.

Hard Top Motor Yachts Market Outlook

The global hard top motor yachts market size was valued at approximately $5.3 billion in 2023 and is projected to reach $8.4 billion by 2032, growing at a CAGR of 5% during the forecast period. The market is experiencing robust growth driven by a blend of technological advancements, rising disposable incomes, and an increasing inclination towards luxury leisure activities. The market's upward trajectory is further bolstered by the growing popularity of marine tourism and recreational boating, which are key catalysts in expanding the consumer base for hard top motor yachts.

One of the primary growth factors of the hard top motor yachts market is the rise in disposable income in emerging economies, leading to an increased interest in luxury leisure activities such as yachting. With the expansion of the wealthy population globally, there is a higher demand for personalized and exclusive experiences, driving the market for luxury yachts. This trend is especially pronounced in regions like Asia Pacific and the Middle East, where economic growth has been significant, leading to a burgeoning class of affluent consumers.

Additionally, advancements in yacht manufacturing technologies are playing a critical role in market growth. Innovations such as the integration of hybrid and electric propulsion systems, advanced navigation technologies, and the use of lightweight yet durable materials like carbon fiber and fiberglass have enhanced the performance, fuel efficiency, and sustainability of motor yachts. These technological improvements not only appeal to environmentally conscious consumers but also cater to those looking for high-performance and stylish boating options.

The rise of marine tourism and recreational boating activities has also significantly contributed to the growth of the hard top motor yachts market. Coastal and island destinations are increasingly promoting marine tourism as a part of their economic development strategies. This has led to the development of better marina facilities and infrastructure, making it easier for yacht owners to explore new destinations. Furthermore, the increasing popularity of water sports and other marine recreational activities is encouraging more people to invest in motor yachts, thus driving market demand.

Open Motor Yachts are gaining traction among enthusiasts who appreciate the freedom and versatility they offer. Unlike traditional motor yachts, open motor yachts feature expansive decks and open-air layouts that provide a seamless connection with the surrounding environment. This design is particularly appealing to those who enjoy sunbathing, socializing, and entertaining guests while cruising. The open layout also allows for more flexible use of space, making these yachts ideal for both short trips and extended voyages. With advancements in yacht design and materials, open motor yachts are now equipped with high-performance engines and state-of-the-art amenities, ensuring a luxurious and comfortable experience on the water.

From a regional perspective, North America and Europe currently dominate the hard top motor yachts market, owing to the well-established yachting culture, high disposable incomes, and the presence of major yacht manufacturers. However, the Asia Pacific region is anticipated to witness the highest growth rate during the forecast period. The economic boom in countries like China and India, coupled with growing interest in luxury lifestyles, is expected to drive significant market growth. Additionally, the Middle East & Africa region is also showing promising growth prospects, supported by increasing investments in luxury tourism and marine infrastructure development.

Type Analysis

In the hard top motor yachts market, the various types include sports yachts, luxury yachts, cruiser yachts, and others. Sports yachts are designed for speed and agility, catering to enthusiasts who prioritize performance over other features. These yachts are typically lighter, more streamlined, and equipped with powerful engines to achieve high speeds. The demand for sports yachts is particularly high among younger consumers and those interested in competitive boating activities. The growing popularity of water sports and high-speed boating events is further driving this segment.

Luxury yachts, on the other hand, are synonymous with opulence and comfort. They are equipped with state-of-the-art amenities such as luxurio

Housing markets are often characterized by price bubbles, and governments have instituted policies to stabilize them. Under this circumstance, this study addresses the following questions. (1) Does policy tightening change expectations in housing prices, revealing a regime change? (2) If so, what determines the housing market’s reaction to policy tightening? To answer these questions, we examine the effects of policy tightening that occurred in 2016 on the Chinese housing market where a price boom persisted in the post-2000 period. Using a log-periodic power law model and employing a modified multi-population genetic algorithm for parameter estimation, we find that tightening policy in China did not cause a market crash; instead, shifting the Chinese housing market from faster-than-exponential growth to a soft landing. We attribute this regime shift to low sensitivity in the Chinese housing market to global perturbations. Our findings suggest that government policies can help stabilize housing prices and improve market conditions when implemented expediently. Moreover, policymakers should consider preparedness for the possibility of an economic crisis and other social needs (e.g., housing affordability) for overall social welfare when managing housing price bubbles.

Purpose: The high-speed growth of China's large-scale new economy indicates that innovation has become the most important economic growth pole. The study aims to explore the structure of the path to innovation, in which we focus on the mediating effect of organizational character.Design/methodology/approach: Considering the indigenous context of China's new economy, the study divides innovation into two types: technological innovation and business model innovation. Then, we build a path model to achieve the innovation by taking intellectual capital and organizational character as antecedents. Finally, a structural equation model is built to measure the path on the basis of sample data collected via a questionnaire survey.Findings: The results indicate that intellectual capital has a significant positive direct effect on technological innovation, but its direct effect on business model innovation is not significant. Organizational character not only mediates the relationship between the intellectual capital and technological innovation, but also plays a mediating role in the effect path from the intellectual capital to business model innovation. In addition, technological innovation has a positive impact on the business model innovation, and mediates the relationship between the intellectual capital and business model innovation.Originality/value: The study takes intellectual capital and organizational character as the common antecedents of innovation and breaks down the content of innovation research into technological innovation and business model innovation. Thus, it establishes a new theoretical analysis framework for dual innovation research and enriches the related theories. The framework would have stronger explanatory power for revealing the innovation strategy and behavior carried out by a large number of corporate organizations in China and the boom of new economy. Furthermore, it would lead enterprises to organize innovation activities more effectively and improve their innovation performances.

Geotechnical Instrumentation Market Outlook

The global geotechnical instrumentation market is poised for significant growth, with an estimated market size of USD 3.6 billion in 2023, projected to reach USD 6.8 billion by 2032, reflecting a compound annual growth rate (CAGR) of 7.1%. This robust expansion is driven by increasing infrastructural developments and the growing demand for effective monitoring solutions to ensure safety and efficiency in construction and mining activities. The need for precise geotechnical data for risk assessment and management in critical infrastructure projects further fuels this growth, as industries worldwide increasingly prioritize safety and environmental compliance.

One of the primary growth factors of the geotechnical instrumentation market is the rapid urbanization and industrialization occurring globally, which necessitates the need for more sophisticated infrastructure. As cities expand vertically and horizontally, the complexity of construction projects increases, creating a heightened demand for precise geotechnical data. This data is critical for ensuring the stability and safety of structures such as high-rise buildings, bridges, and tunnels. Furthermore, the increasing occurrence of natural disasters, exacerbated by climate change, underscores the importance of geotechnical instrumentation in monitoring and mitigating the risks associated with landslides, earthquakes, and other geohazards.

Another significant driver is the advancement in wireless technology, which is transforming geotechnical instrumentation by allowing for real-time data collection and analysis. Wireless solutions offer numerous advantages, including ease of installation, lower maintenance costs, and enhanced data accuracy, which collectively contribute to the growing adoption of geotechnical instruments across various sectors. Technological advancements also facilitate the integration of geotechnical systems with other IoT devices, enabling the creation of more comprehensive and integrated monitoring systems that provide stakeholders with enhanced decision-making capabilities.

Additionally, stringent government regulations concerning the safety of construction and mining operations are fueling the adoption of geotechnical instruments. Authorities worldwide are mandating continuous monitoring of construction sites to prevent accidents and ensure compliance with environmental regulations. This regulatory emphasis on safety and sustainability is encouraging companies to invest in advanced geotechnical solutions that not only enhance operational safety but also contribute to reducing environmental impacts. Moreover, government initiatives and funding for infrastructure development in emerging economies are expected to provide a significant boost to the market in the coming years.

Regionally, Asia Pacific dominates the geotechnical instrumentation market, driven by massive infrastructure projects across China and India, and the region's overall economic growth. The construction boom in this region, propelled by rapid urbanization and increasing investments in smart city projects, is a significant contributor to market expansion. Furthermore, the rising focus on mining activities in Australia and Southeast Asian countries adds to the demand for advanced geotechnical solutions. North America and Europe also represent substantial markets, where technological innovation and stringent safety regulations continue to drive the adoption of geotechnical instrumentation. Meanwhile, the Middle East & Africa and Latin America are emerging as promising markets, with numerous infrastructure projects underway that require comprehensive monitoring solutions.

Product Type Analysis

The geotechnical instrumentation market is categorized by various product types, including piezometers, inclinometers, extensometers, settlement cells, and others. Piezometers have emerged as a crucial component within this category due to their widespread application in measuring pore water pressures in soil, which is essential for assessing the stability of earthworks and natural slopes. The growing number of construction and mining projects globally has significantly boosted the demand for piezometers. In addition, with developments in technology, modern piezometers offer increased precision and durability, making them indispensable in critical infrastructure projects where safety is paramount.

Inclinometers, another vital product type, are extensively used for monitoring lateral movements and deformations in slopes, embankments, dams, and retaining walls. Their ability to provide ear

China Exports to Mexico was US$90.23 Billion during 2024, according to the United Nations COMTRADE database on international trade. China Exports to Mexico - data, historical chart and statistics - was last updated on November of 2025.

The China pouch packaging market is experiencing robust growth, projected to reach a market size of $5.82 billion in 2025, exhibiting a Compound Annual Growth Rate (CAGR) of 5.82%. This expansion is fueled by several key factors. The rising demand for convenient and flexible packaging solutions across various sectors, including food and beverages, personal care, and pharmaceuticals, is a primary driver. Consumers' increasing preference for single-serve and on-the-go products further fuels market growth. Moreover, advancements in pouch packaging technology, such as stand-up pouches with zippers and spouts, offer enhanced product preservation and improved consumer experience, boosting market appeal. The e-commerce boom in China is also significantly impacting the market, as pouches are well-suited for online retail due to their lightweight and compact nature, leading to reduced shipping costs. While challenges such as fluctuating raw material prices and stringent environmental regulations exist, the overall market outlook remains positive. The continued growth in the Chinese economy, coupled with evolving consumer preferences towards sustainable packaging options, will continue to shape the future of this dynamic market. Looking ahead, the forecast period of 2025-2033 anticipates continued expansion, driven by innovations in materials and design. The increasing adoption of sustainable and eco-friendly pouch packaging materials, such as biodegradable and recyclable options, is expected to gain significant traction, aligning with growing environmental concerns. Furthermore, the expansion of the middle class in China, coupled with increased disposable income, will likely propel demand for premium and value-added pouch packaging solutions. Competitive pressures from established players like Amcor PLC, Huhtamaki Oyj, and Mondi PLC, alongside the emergence of domestic players like Cangzhou Hualiang Packaging Decoration Co Ltd, will shape market dynamics. The market will likely witness further consolidation and strategic partnerships as companies strive to enhance their product offerings and expand their market reach. This dynamic environment suggests ample opportunities for growth and innovation within the China pouch packaging market. Key drivers for this market are: Growing Need for Ready-to-Eat Meals Pushing the Pouch Packaging Market, Surge in Demand for Lightweight and Flexible Packaging Solutions. Potential restraints include: Growing Need for Ready-to-Eat Meals Pushing the Pouch Packaging Market, Surge in Demand for Lightweight and Flexible Packaging Solutions. Notable trends are: Stand-up Pouches are Widely Used Across Multiple End-user Industries.

Polycarbonate Skylight Glass Market Outlook

The global polycarbonate skylight glass market size is projected to grow from USD 1.2 billion in 2023 to USD 2.5 billion by 2032, reflecting a compound annual growth rate (CAGR) of 8.5%. This market expansion is driven by the rising demand for energy-efficient buildings and the increasing adoption of sustainable construction materials.

The most significant growth factor in the polycarbonate skylight glass market is its exceptional durability and impact resistance, which make it a preferred choice for both residential and commercial applications. Polycarbonate skylights are virtually unbreakable and can withstand extreme weather conditions, making them ideal for regions prone to severe weather. Furthermore, polycarbonate materials offer superior UV protection, reducing the need for additional coatings and enhancing longevity, which translates to lower maintenance costs for consumers.

Another key driver of market growth is the increasing awareness and implementation of green building practices. The construction industry is progressively leaning towards materials that contribute to energy efficiency and sustainability. Polycarbonate skylights not only offer excellent insulation properties but also allow natural daylight to penetrate indoor spaces, significantly reducing the reliance on artificial lighting. This natural light can improve the well-being of occupants and reduce energy consumption, aligning with global trends towards sustainability.

The versatility and flexibility of polycarbonate materials also contribute to their growing popularity in various architectural designs. Architects and designers prefer polycarbonate skylights due to their lightweight nature, which simplifies installation and reduces structural load. Additionally, these materials can be easily molded into different shapes and sizes, catering to the specific aesthetic and functional requirements of modern architectural projects. This adaptability makes polycarbonate skylights suitable for a wide range of applications, from residential homes to large-scale commercial buildings.

Regionally, the Asia Pacific market is expected to witness the highest growth, driven by rapid urbanization and significant investments in infrastructure development. Countries such as China and India are experiencing a construction boom, spurred by economic growth and increased demand for residential and commercial spaces. Additionally, government initiatives promoting energy efficiency and green buildings further propel the adoption of polycarbonate skylights in this region, contributing to market expansion.

Type Analysis

In the polycarbonate skylight glass market, the segment by type includes solid polycarbonate, multiwall polycarbonate, and corrugated polycarbonate. Solid polycarbonate skylights are known for their high clarity and strength, making them suitable for applications where transparency and durability are essential. These skylights are widely used in residential and commercial buildings, providing excellent natural light transmission and impact resistance. Their robustness ensures they can withstand harsh environmental conditions, making them a long-lasting solution for skylight installations.

Multiwall polycarbonate skylights, on the other hand, offer superior insulation properties due to their multi-layered structure. These skylights are designed to trap air between layers, enhancing thermal insulation and energy efficiency. This makes them ideal for buildings seeking to minimize heat loss and reduce energy costs. The lightweight nature of multiwall polycarbonate also simplifies installation and reduces the load on supporting structures, making them a popular choice for large-scale commercial and industrial applications.

Corrugated polycarbonate skylights are known for their strength and flexibility. The corrugated design enhances the material's ability to diffuse light uniformly while providing additional structural support. These skylights are commonly used in agricultural and industrial settings, where durability and light diffusion are critical. Their resistance to breakage and ease of installation make them a cost-effective solution for large roofing areas, particularly in environments where natural light and durability are paramount.

Each type of polycarbonate skylight glass caters to specific needs and applications, contributing to the overall market growth. The choice of material depends on various factors, including the desired insulation properties, structural req

In 2024, overall vehicle sales in China amounted to almost ***** million units, an increase of *** percent compared to the previous year. For the fourth year in a row, sales in 2022 showed an upward trend. Vehicle sales growth in China With a sales volume of approximately ***** million motor vehicles, China was the worlds’ largest market for automobiles. Vis-à-vis U.S. car market in 2021, about eleven million units more had been sold in China. This boom in domestic market demand could be explained by China’s spectacular economic growth, which in terms is expressed by the formation of a prosperous middle class. China as a major car manufacturer China had also become the world’s biggest automobile producer since 2017, with almost ******* of total global passenger vehicles produced in mainland China. The economic reforms of the early 1980s required foreign carmakers to form joint ventures with domestic auto producers in China. Over the past decades, a couple of large independent domestic auto brands have emerged. However, domestic carmakers generally lack technological know-how and market access when compared to their foreign rivals. As a result, foreign automakers generally enjoy larger market shares and higher profit margins in China. Overseas, Chinese autos tend to be sold to other developing countries where selling prices seem to a major determinant to consumers’ decisions.

Year-by-year comparison of the evaluation and analysis of the level of high-quality development of digital creative industries in the YRD region—2021 raw data.

Evaluation and analysis of driving factors for high quality development of overall digital creative industry in YRD, 2017–2022 raw data.

X-59 QueSST Market Outlook

According to our latest research, the Global X-59 QueSST market size was valued at $1.2 billion in 2024 and is projected to reach $4.8 billion by 2033, expanding at a robust CAGR of 16.2% during the forecast period of 2025–2033. A major factor fueling the growth of the X-59 QueSST market is the increasing global focus on supersonic aviation technologies that minimize sonic boom impacts, thereby unlocking new possibilities for commercial and military supersonic flight over land. This technological leap is driven by the demand for faster travel, coupled with advancements in material science, avionics, and propulsion systems that make quieter supersonic transport feasible and compliant with evolving regulatory standards.

Regional Outlook

North America holds the largest share of the X-59 QueSST market, accounting for nearly 45% of global revenue in 2024. The region’s dominance is attributed to the mature aerospace sector, significant government investments, and the presence of major players such as NASA and Lockheed Martin, who are at the forefront of supersonic research and development. The United States, in particular, benefits from a robust regulatory framework that encourages innovation in aviation, as well as a strong network of research institutions and testing facilities. Additionally, supportive policies and funding from agencies like the Federal Aviation Administration (FAA) have accelerated the development and potential commercialization of low-boom supersonic aircraft. North America’s leadership is further cemented by its early adoption of advanced avionics, propulsion systems, and sustainable aviation materials, ensuring a competitive edge in the global market.

The Asia Pacific region is the fastest-growing market for X-59 QueSST, projected to register a CAGR of 19.7% from 2025 to 2033. This rapid expansion is driven by substantial investments from emerging economies such as China, Japan, and India, where governments and private sector entities are prioritizing aerospace innovation as part of their broader economic development strategies. The growing demand for faster and more efficient air travel, coupled with the region’s burgeoning middle class and expanding business travel segment, has created fertile ground for the adoption of supersonic technologies. In addition, collaborative initiatives between domestic aerospace firms and global leaders are fostering technology transfer and accelerating the development of indigenous capabilities. The Asia Pacific region’s focus on building world-class research and testing infrastructure is expected to further propel market growth in the coming years.

Emerging economies in Latin America and the Middle East & Africa are gradually entering the X-59 QueSST market, but they face unique adoption challenges. Limited funding for aerospace research, a shortage of skilled labor, and the absence of comprehensive regulatory frameworks have slowed market penetration in these regions. Nevertheless, selective government initiatives and partnerships with established aerospace companies are beginning to bridge the gap. For instance, some Middle Eastern countries are leveraging sovereign wealth funds to invest in cutting-edge aviation projects, while Latin American governments are exploring public-private partnerships to stimulate R&D. Localized demand for advanced aviation solutions, particularly for military and governmental applications, is expected to spur gradual adoption, provided that regulatory and infrastructural hurdles can be addressed.

Report Scope

Gypsum Market Outlook

According to our latest research, the Global Gypsum Market size was valued at $31.2 billion in 2024 and is projected to reach $52.8 billion by 2033, expanding at a CAGR of 6.1% during 2024–2033. The primary driver for this robust growth is the surge in construction and infrastructure development activities worldwide, particularly in rapidly urbanizing regions. As governments and private entities invest heavily in residential, commercial, and industrial projects, demand for gypsum-based products—especially in drywall, plaster, and cement manufacturing—has soared. Additionally, the adoption of advanced gypsum processing technologies and increasing awareness regarding the superior fire resistance and environmental benefits of gypsum materials are further propelling the market forward. This trend is expected to continue as sustainability and green building standards become more integral to construction practices globally.

Regional Outlook

Asia Pacific currently dominates the global gypsum market, accounting for the largest share in both volume and value. This region’s leadership can be attributed to its booming construction sector, driven by rapid urbanization, population growth, and substantial infrastructure investments in countries such as China, India, and Southeast Asian nations. China, in particular, is the single largest consumer of gypsum, with the government’s ongoing focus on affordable housing, urban infrastructure, and industrial expansion. Moreover, the proliferation of manufacturing facilities and increased adoption of modern construction techniques have further stimulated demand for gypsum products in the region. Regulatory support for sustainable building materials and the presence of large gypsum reserves also contribute to Asia Pacific’s dominant market position.

The Middle East & Africa region is projected to register the fastest CAGR of 8.3% during the forecast period. This accelerated growth is fueled by ambitious mega-projects, particularly in the Gulf Cooperation Council (GCC) countries, where governments are diversifying their economies away from oil dependency by investing heavily in real estate, tourism, and infrastructure. The construction boom, coupled with increasing investments in water treatment and agriculture, is driving significant demand for both natural and synthetic gypsum. Additionally, favorable government policies, foreign direct investment inflows, and the adoption of advanced building technologies are catalyzing market expansion in this region. The presence of untapped mineral reserves and rising awareness of gypsum’s environmental benefits further support the region’s growth prospects.

Emerging economies in Latin America and parts of Africa present a mixed landscape for the gypsum market. While there is growing interest in gypsum-based solutions for construction, agriculture, and water treatment, these markets face challenges such as limited local production, inadequate infrastructure, and regulatory hurdles. Volatile economic conditions and fluctuating government policies can impact large-scale adoption. However, localized demand is rising as urbanization accelerates, and international players are increasingly targeting these regions for expansion. Efforts to improve supply chain efficiency and the introduction of affordable, high-quality products tailored to local needs are gradually overcoming adoption barriers, setting the stage for future growth.

Report Scope