Market Size and Future Development Trend of China's Medal Industry (Figure)

　Market Size and Future Development Trend of China's Medal Industry (Figure)

China's medal industry refers to the industry of prizes such as medals, trophies, and medals. This industry has received more and more attention due to its continuous development. According to the 2022-2028 China Crystal Medal Industry Market Supply and Demand and Key Enterprise Investment Evaluation Research Analysis Report released by Market Research Online, the market size of China's medal industry in 2018 was 33.67 billion yuan, of which the medal market was the largest, reaching 12.89 billion yuan. The second is the market size of trophies, reaching 8.08 billion yuan, and the market size of medals is 12.7 billion yuan.

Metal Award Medal

　　With the country's investment in sports and the holding of more and more sports events, China's medal industry is developing rapidly. It is predicted that the market size of China's medal industry will reach 45 billion yuan in 2020, of which the medal market is the largest at 17 billion yuan, followed by the medal market at 15 billion yuan and the trophy market at 13 billion yuan.

Sports Medal

　　With the development of China's sports industry, the future development trend of China's medal industry is becoming more and more clear. First of all, the development of high-end medals will be the main direction of future development, and high-end medals will become a new growth point for China's medal industry. Secondly, the brand competition in China's medal industry will become more intense, and brand establishment and dissemination will become an important strategy for future development. In addition, China's medal industry will pay more attention to technological innovation and use new technologies to improve and upgrade products.

Custom Race Medals

　　From the above analysis, it can be seen that the market size of China's medal industry will continue to grow, and the future development trend is to pay more attention to technological innovation and brand strategy, as well as the development of high-end medals, which will provide more development for the development of China's medal industry opportunity.

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