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Printed Circuit Board Manufacturing in China Industry Data and Analysis
After years of development, China has become the world's largest manufacturing base for printed circuit boards. China's output of certain products, especially commonly used and medium- and low-end printed circuit board products, is the highest in the world. The changes in demand for printed circuit boards are closely related to the development of the electronic information sector in China, which has developed strongly in recent years. Printed circuit boards are intermediate components and are widely used in various electronic and related products. Wireless industries and consumer electronic manufacturing industries are also important downstream industries. Growing household income in China has led to increasing demand for electronic products, boosting demand for printed circuit boards. Revenue for the Printed Circuit Board Manufacturing industry in China is expected to grow at an annualized 2.6% over the five years through 2024, to total $120.8 billion. This growth includes an increase of 9.5% in the current year. In 2024, an estimated 1,739 enterprises and 750,391 employees operate in the industry. Wages costs have been growing much faster than employee numbers over the past five years. Although labor costs are still lower in China than in other countries, average wages have been steadily increasing over the period.The industry is significantly export oriented. Due to fluctuations in overseas demands and the international trade environment, exports have fluctuated over the past five years. Exports account for approximately 16.5% of industry revenue in 2024. Exports are mainly destined for countries and areas in Asia Pacific region. Exports are expected to increase at an annualized 4.7% over the five years through 2024. Competing imports are expected to decrease at an average rate of 8.9% over the five years through 2024. Apart from a large proportion of re-import trade, imports are mainly sourced from Taiwan, Japan and South Korea.Industry revenue is forecast to grow at an annualized 5.0% over the five years through 2029, to $154.5 billion. Despite product and technology advances and an improved industry product mix, high industry competition and new government regulations on environmental protection will likely continue placing downward pressure on product prices. Intense competition and product saturation across low-end markets will result in R&D becoming increasingly important for industry players.
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What's included in this industry analysis
IBISWorld's research coverage on the Printed Circuit Board Manufacturing industry in China includes market sizing, forecasting, data and analysis from 2015-2030. The most recent publication was released July 2025.
About this industry
What's this industry report about?
The Printed Circuit Board Manufacturing industry in China operates under the industry code 4062. Businesses in the Printed Circuit Board Manufacturing industry in China manufacture printed circuit boards (PCBs) and specialized electrical components. Printed circuit boards and specialized components are made of conducting components, inductor contacts or devices, resistors, capacitors, and other components on insulation boards through conventional or non-conventional printing procedures. Related terms covered in the Printed Circuit Board Manufacturing industry in China include printed circuit board (pcb), capacitor, resistors, original equipment manufacturer (oem) and re-import of exported goods (redg).
What's included in this industry?
Products and services covered in Printed Circuit Board Manufacturing industry in China include Multi-layer printed circuit boards, High density interconnector printed circuit boards and Rigid printed circuit boards with single and double layers.
What companies are included in this industry?
Companies covered in the Printed Circuit Board Manufacturing industry in China include Avary Holding (Shenzhen) Co., Limited, Suzhou Dongshan Precision Manufacturing Co., Ltd. and Shennan Circuits Co., Ltd.
Performance
What's included in the Performance chapter?
The Performance chapter covers detailed analysis, datasets, detailed current performance, sources of volatility and an outlook with forecasts for the Printed Circuit Board Manufacturing industry in China.
Questions answered in this chapter include what's driving current industry performance, what influences industry volatility, how do successful businesses overcome volatility, what's driving the industry outlook. This analysis is supported with data and statistics on industry revenues, costs, profits, businesses and employees.
Products & Markets
What's included in the Products and Markets chapter?
The Products and Markets chapter covers detailed product and service segmentation, analysis of major markets and international trade data for the for the Printed Circuit Board Manufacturing industry in China.
Questions answered in this chapter include how are the industry's products and services performing, what are innovations in industry products and services, what products or services do successful businesses offer and what's influencing demand from the industry's markets. This includes data and statistics on industry revenues by product and service segmentation and major markets.
Geographic Breakdown
What's included in the Geographic Breakdown chapter?
The Geographic Breakdown chapter covers detailed analysis and datasets on regional performance of the Printed Circuit Board Manufacturing industry in China.
Questions answered in this chapter include where are industry businesses located and how do businesses use location to their advantage. This includes data and statistics on industry revenues by location.
Competitive Forces
What's included in the Competitive Forces chapter?
The Competitive Forces chapter covers the concentration, barriers to entry and supplier and buyer profiles in the Printed Circuit Board Manufacturing industry in China. This includes data and statistics on industry market share concentration, barriers to entry, substitute products and buyer & supplier power.
Questions answered in this chapter include what impacts the industry's market share concentration, how do successful businesses handle concentration, what challenges do potential industry entrants face, how can potential entrants overcome barriers to entry, what are substitutes for industry services, how do successful businesses compete with substitutes and what power do buyers and suppliers have over the industry and how do successful businesses manage buyer & supplier power.
Companies
What's included in the Companies chapter?
The Companies chapter covers Key Takeaways, Market Share and Companies in the Printed Circuit Board Manufacturing industry in China. This includes data and analysis on companies operating in the industry that hold a market share greater than 5%.
Questions answered in this chapter include what companies have a meaningful market share and how each company is performing.
External Environment
What's included in the External Environment chapter?
The External Environment chapter covers Key Takeaways, External Drivers, Regulation & Policy and Assistance in the Printed Circuit Board Manufacturing industry in China. This includes data and statistics on factors impacting industry revenue such as economic indicators, regulation, policy and assistance programs.
Questions answered in this chapter include what demographic and macroeconomic factors impact the industry, what regulations impact the industry, what assistance is available to this industry.
Financial Benchmarks
What's included in the Financial Benchmarks chapter?
The Financial Benchmarks chapter covers Key Takeaways, Cost Structure, Financial Ratios, Valuation Multiples and Key Ratios in the Printed Circuit Board Manufacturing industry in China. This includes financial data and statistics on industry performance including key cost inputs, profitability, key financial ratios and enterprise value multiples.
Questions answered in this chapter include what trends impact industry costs and how financial ratios have changed overtime.
Industry Data
What's included in the Industry Data chapter?
The Industry Data chapter includes 10 years of historical data with 5 years of forecast data covering statistics like revenue, industry value add, establishments, enterprises, employment and wages in the Printed Circuit Board Manufacturing industry in China.
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Frequently Asked Questions
What is the market size of the Printed Circuit Board Manufacturing industry in China in 2026?
The market size of the Printed Circuit Board Manufacturing industry in China is $120.8bn in 2026.
How many businesses are there in the Printed Circuit Board Manufacturing industry in China in 2025?
There are 1,739 businesses in the Printed Circuit Board Manufacturing industry in China, which has grown at a CAGR of 2.6 % between 2020 and 2025.
How may import tariffs affect the Printed Circuit Board Manufacturing industry in China?
The Printed Circuit Board Manufacturing industry in China is likely to be impacted by import tariffs with imports accounting for a moderate share of industry revenue.
How may export tariffs affect the Printed Circuit Board Manufacturing industry in China?
The Printed Circuit Board Manufacturing industry in China is likely to be impacted by export tariffs with exports accounting for a moderate share of industry revenue.
Has the Printed Circuit Board Manufacturing industry in China grown or declined over the past 5 years?
The market size of the Printed Circuit Board Manufacturing industry in China has been growing at a CAGR of 2.6 % between 2020 and 2025.
What is the forecast growth of the Printed Circuit Board Manufacturing industry in China over the next 5 years?
Over the next five years, the Printed Circuit Board Manufacturing industry in China is expected to grow.
What are the biggest companies in the Printed Circuit Board Manufacturing industry in China?
The biggest companies operating in the Printed Circuit Board Manufacturing industry in China are Avary Holding (Shenzhen) Co., Limited, Suzhou Dongshan Precision Manufacturing Co., Ltd. and Shennan Circuits Co., Ltd.
What does the Printed Circuit Board Manufacturing industry in China include?
Rigid printed circuit boards with single and double layers and Multi-layer printed circuit boards are part of the Printed Circuit Board Manufacturing industry in China.
Which companies have the highest market share in the Printed Circuit Board Manufacturing industry in China?
The company holding the most market share in the Printed Circuit Board Manufacturing industry in China is Avary Holding (Shenzhen) Co., Limited.
How competitive is the Printed Circuit Board Manufacturing industry in China?
The level of competition is high and steady in the Printed Circuit Board Manufacturing industry in China.
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