Lab Instrument and Apparatus Manufacturing in China The Lab Instrument and Apparatus Manufacturing industry in China produces instruments used for qualitative analysis, quantitative analysis, and structural analysis based on the experimental subjects’ physical, chemical, and electrical properties.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
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We have upgraded our forecast for world basic metals production for 2018 from 3.2% to 4.2%. Whilst we have downgraded the outlook across a number of economies as Section 232 tariffs and escalating trade tensions weigh on growth, this is more than offset by stronger-than-expected production in China.
Global automotive growth is expected to cool on slowing global trade and persistent trade policy uncertainty. Following last year's 5.3% expansion, the sector's output is expected to rise by 4.6% in 2018, and 3.5% in 2019. Once again, growth is being driven by the emerging markets - especially China, India, and Eastern Europe.
The global growth rate for 2018 is forecast to remain unchanged from its 2017 value at 3.7%. Driven by strong demand in emerging markets, we expect output growth to remain steady--although US tariffs and Chinese fiscal tightening both pose a risk to this sector.
We forecast growth in global consumer goods production to peak in 2018 at 3.8%. While several labour markets are beginning to see rising real wages, headwinds are mounting from trade tensions, rising inflationary pressures due to rising oil prices, and falling sentiment indicators. We expect global growth to fall to 3% in 2019.