China's economic growth and expanding business market have created opportunities for market research firms. The Market Research industry has developed rapidly over the past five years. Several specialized local research enterprises have entered the market, fueled partly by increased foreign capital in the industry. Industry revenue is expected to grow at a CAGR of 5.5% over the five years through 2023 to total $8.3 billion. This trend includes an anticipated increase of 7.1% in the current year. Although industry profit is high at 15.4% of industry revenue, it has fallen from 17.0% in 2013 due to rising labor costs and increasing competition.China's economy is anticipated to grow and become more globalized over the next five years, driving demand for industry services. The ongoing structural reform of domestic companies will further increase demand for market research services. Industry revenue will grow at a CAGR of 6.5% over the five years through 2028 to total $11.4 billion. The degree of specialization in the industry will likely increase, with customers from the automobile, pharmaceutical, information technology, telecommunication, consumer electronic product, financial, and government sectors accounting for the most significant market shares.Although industry operators will remain highly concentrated in Beijing, Shanghai and Guangzhou over the next several years, some midsized cities such as Chengdu, Xi'an, and Shenyang are projected to become regional centers and gain some market share. The industry will continue contending with issues such as collecting accurate data, gaining access to sales channels and finding appropriate domestic and international business partners over the next five years.

China has developed into the second-largest advertising market in the world, boosted by strong economic growth over the past several decades. However, revenue for the Advertising Agency industry is expected to fall at an annualized 1.0% over the five years through 2024. The industry is set to generate $131.5 billion in 2024, up 5.8% from 2023 with downstream markets picking up from the COVID-19 pandemic. Industry assets are estimated to total $104.4 billion in 2022, up 3.9% from 2021. Over 142,702 advertising agencies operate in China, employing about 38 million people with an estimated payroll of $41.1 billion in 2023. Although the Advertising Agencies industry has maintained rapid growth over most of the past five years, localized advertising markets have remained largely stable due to local advertising companies being geographically scattered and small in scale. Most only offer local services and are unable to provide the high-quality services generally required of the industry. Large advertising clients are more likely to choose large domestic companies with well-established networks or foreign-owned companies with extensive experience, design and innovation capabilities. Beijing, Shanghai and Guangzhou are the top three advertising markets in China, and Beijing accounts for the largest share of outdoor advertising. Steady economic growth is anticipated in China over the next five years and strong national policy support for the Advertising Agencies industry is projected to continue. Industry revenue is therefore forecast to increase at an annualized 4.9% over the five years through 2029, to reach $167.0 billion.

Market Size statistics on the Social Networking industry in China

Market Size statistics on the Medical Research industry in China

Employment statistics on the Meat Processing industry in China

Number of Businesses statistics on the In-Home Care & Other Household Services industry in China

Employment statistics on the Advertising Agencies industry in China

Number of Businesses statistics on the Market Research industry in China

Industry revenue for the Hotel industry in China is expected to decrease at a CAGR of 2.1% over the five years through 2023, to $68.1 billion. This trend includes an expected increase of 35.2% in the current year.Industry globalization has declined over the past five years, along with the average star rating of hotels operated by industry enterprises. Foreign investment is particularly low for hotels with a one-star rating. Price is a particularly important basis of competition in this segment, and other factors like services and brands play much smaller roles in attracting customers.Foreign enterprises, which significantly influence the industry's development, have introduced brand and chain management concepts, along with high service standards, to China. Foreign companies have strong and dominant positions in the high-end hotel market but have recently started moving into the lower end of the industry. Many foreign hotel management companies have started developing hotels with four- and three-star ratings to capture more customers and strengthen their market positions.Affected by the outbreak of COVID-19 in China, by the end of 2020, the industry revenue of Hotels in China declined dramatically, down by 30.8% from 2019. During the epidemic period, the number of people traveling decreased significantly. Hotel occupancy rates are low, even though some have decreased their price. In 2023, with the effective control of COVID-19 in China, the number of domestic tourists will be restored and will increase by 91.5%. The industry revenue of Hotels in China is expected to increase by 35.2% by 2022. Promoted by the increased number of people traveling, industry revenue is forecast to increase at a CAGR of 8.6% over the five years through 2028 to $102.8 billion.

Revenue for the Internet Services industry is expected to increase at an annualized rate of 7.9% over the five years through 2025 to $435.9 billion. The number of internet users in China has increased rapidly over the period. The COVID-19 outbreak in China drove market demand for internet services. The pandemic situation in China was serious in 2020, and revenue for the Internet Services industry increased rapidly during this period.Although the profit margins of listed companies are high, they have been declining as competition has intensified and prices have decreased. In 2025, profit is estimated at 12.6% of industry revenue due to substantial research and development (R&D) investments and much higher wage costs.The information services segment has become more important to the industry over the past five years. As digital transformation accelerates across industries, information services provide technology support for businesses to automate, increase efficiency and improve customer experience. The development of technologies like big data, cloud computing and AI has significantly improved the quality and efficiency of information services, prompting more enterprises to adopt these services.According to the China Internet Network Information Center (CNNIC), the number of internet users in China totaled 1.09 billion in June of 2024. The internet penetration rate has reached 77.5%. As more well-known international enterprises enter the industry, competition will intensify further and result in better consumer service.Industry revenue is forecast to increase at an annualized 3.3% over the five years through 2030, to reach $511.6 billion in 2030. Strong revenue growth will be mainly due to internet coverage expanding substantially in China and thriving advertising services boosted by e-commerce.

Market Size statistics on the Market Research industry in China

Revenue for the Vegetable, Fruit and Nut Processing industry in China is expected to grow an annualized 5.2% over the five years through 2024. This trend includes an expected growth of 1.4% in 2024. The top four companies in the industry are expected to account for 1.9% of industry revenue in 2024. Most industry companies are small and operate at a regional level, which is reflected in the industry's low concentration. With the intensification of competition, consolidation of the industry will increase.Minimally processed vegetables are increasingly popular. The price of these products is two to three times higher than that of ordinary fruits and vegetables. Although the processing of these products only began in China recently, this segment has developed rapidly in China, especially in the first- and second- tier cities. Due to the large number of mid- and high-income people in those cities, the demand for these products have steadily increased over the past five years. In addition, in recent years, with the improvement of residents' living standards and the pursuit of healthy food, the domestic nut processing market has shown a rapid growth trend.The Vegetable, Fruit and Nut Processing industry in China is projected to continue growing strongly in the future. The rapid pace of Chinese cities' urbanization, rising health consciousness and increasing disposable income are forecast to boost demand for vegetables, fruits, and nuts. Demand for higher quality products is forecast to increase over the next five years. Industry revenue is projected to grow an annualized 4.3% over the five years through 2029.

Employment statistics on the IT Services industry in China

Employment statistics on the Market Research industry in China

Market Size statistics on the Investment and Asset Management industry in China

Revenue for the Cafes, Bars, and Other Drinking Establishments industry in China is expected to increase at a CAGR of 17.6% over the five years through 2025. This trend includes an expected increase of 18.0% in the current year.In recent years, lifestyle changes, an increasing emphasis on personal happiness, and the development of a range of drinking establishments have contributed to rapid industry growth. In addition, increasing urbanization in China and higher incomes have boosted the demand for industry services. Improvements in chain store and franchise management and the emergence of new brands have also supported the industry's development over the past five years.The outbreak of COVID-19 has affected the operation of cafes, bars, and other beverage stores. In 2020, the industry's revenue increased slowly compared with previous years, mainly due to the outbreak of COVID-19 in China. Although in 2021, the effective control of COVID-19 restores the rapid growth of industry income, the repeated occurrence of COVID-19 in 2022 led to the reduction of the industry growth rate again.ACMR-IBISWorld forecasts that industry revenue will increase at an annualized 16.2% over the next five years. Competition is projected to intensify as more chain stores, franchises, and independent drinking establishments are set up. Increased competition will also prompt players to look for new opportunities in less-developed regions. As a result, chain operations will continue spreading from east to west, and from first- and second-tier cities to third- and fourth-tier cities.

Market Size statistics on the Software Development industry in China

Employment statistics on the Supermarkets industry in China

Employment statistics on the Bicycle Manufacturing industry in China

Number of Businesses statistics on the Commercial Real Estate industry in China