Market News

The prospects of the global construction industry are promising. The main driving forces of market growth are growth of urbanization and population, housing market, and infrastructure.

Geographically, Turkey is a natural land bridge located on the east-west axis and the north-south axis. It connects European, Middle Eastern, African, and Central Asian markets, giving it great geographical and economic advantages. Holding this key global position, its central location creates an efficient and cost-effective export hinterland and market for major trading partners.

According to forecasts, the compound annual growth rate of the semiconductor industry from 2021 to 2026 will exceed 6%. With the increase in investment in storage devices and semiconductor components, the technological advancement of the entire semiconductor industry is also constantly evolving. The emergence of the Internet of Things (IoT) and artificial intelligence (AI), as well as the proliferation of complex electronic products, are driving high-end applications in the consumer electronics and automotive industries, increasing the adoption rate of semiconductor manufacturing to meet growing demands.

Water hardware is an indispensable part of life. From the showerhead of the bathroom to the faucet of the kitchen, it is all connected to water flow. For the water hardware industry, the United States is the world's largest importer of water hardware and also exports to the global water hardware industry. The deepest impact in recent years has come from the rapid development of water hardware products in China and other developing countries. With its continuous expansion of product exports and market share, China is replacing countries such as Europe, America, and Japan, and has become an important production base and product sales market for water hardware.

In recent years, global smart door lock technology has developed rapidly. As an important part of smart home access control, the smart lock market will grow substantially in the next few years.

The optical industry is still the mainstream product sector in consumer electronics, and there is still a lot of room for innovation. Since smartphones are equipped with optical lenses, from the rear to the front, and from single-lens to multi-lens, hardware innovation not only facilitates consumers to take photos and videos but also directly drives the vigorous development of the optical industry.

The optoelectronic material and component manufacturing industry is a branch of the electronic component manufacturing industry. It is a high-tech and capital-intensive industry. Components manufactured with optoelectronic technology or equipment with optoelectronic components as key components are all parts of the optoelectronics industry.

In recent years, Taiwan’s "mechanical transmission equipment industry", "pumps, compressors, stopcock and valve industry", "other general equipment and machinery", and other relevant industries have increased their production indexes, mainly because of the active demands for smart automation equipment which has driven the increase in overall output.

Due to the increases in demands for epidemic related drugs, screening reagents, and other products driven by the epidemic, the output values of drugs, medical supplies, and other related products have been increased.

The textile industry was a leading sector in Taiwan's early industrialization stage. The growth and achievements of the textile industry also led to the development of other industrial sectors. The garment manufacturing industries are downstream industries in the textile industry chain. Its upstream includes fiber manufacturing, chemical additives, spinning, weaving, dyeing and finishing, and other industries. The garment manufacturing industry are the processing stage in the industry chain. It is also an important industry that gives added value to textiles.