QYR Market Research Global Gate Drivers market research | Page 5

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Demand is driven by demographics and the health of the economy. The
profitability of individual companies depends on their ability to bid
accurately, secure contracts, and control costs. Large companies enjoy
economies of scale in financing and the ability to offer a broad range of
services in many locations. Smaller companies can compete effectively by
specializing in particular services or focusing on certain geography.
The global consumption is concentrated in Asia-Pacific, USA and Europe.
China accounts about 26.7% share of the global sales volume in 2017.
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