What are the factors that determine the sales of Hydraulic Dumping Tricycle?

In the past two years, the overall sales of Hydraulic Dumping Tricycle have declined. What factors restrict the overall sales of Hydraulic Dumping Tricycle?

Since the development of the Hydraulic Dumping Tricycle industry, it has been in a state of rapid growth, with an annual growth rate of more than 10%. In the three years from 2012 to 2014, the growth rate reached an astonishing rate of more than 20%. A small decline followed. The development process of Hydraulic Dumping Tricycle from a single open-top cargo-carrying vehicle to a covered passenger vehicle with a box and a car shape has benefited from three major factors: the large demand for electric three-wheelers in the express delivery industry; the demand for product transformation and Products extend to manned needs. At present, the market share of Hydraulic Dumping Tricycle is expected to be at a scale of 50 million to 60 million units, which is close to market saturation. In the next few years, the annual production and sales of Hydraulic Dumping Tricycle are expected to remain at 9.5 million to 10 million units.
Around 2017, the decline of Hydraulic Dumping Tricycle was related to local governments` efforts to pay close attention to environmental protection facilities. The government attaches great importance to the installation of environmental protection equipment for baking paint. Those that do not meet the standards must stop production for rectification. As a result, a large number of Hydraulic Dumping Tricycle paint factories were forced to shut down for up to one or two months to replace environmental protection equipment. As a result, the entire production capacity of Hydraulic Dumping Tricycle was exhausted. The regulation of the Hydraulic Dumping Tricycle market in various cities is also one of the factors that makes dealers cautious in purchasing and consumers worried about purchasing.
The increase in purchase prices for all components of Hydraulic Dumping Tricycle has led to a large increase in the price of the entire vehicle, which has restricted consumer purchases to a certain extent. In addition to express delivery, Hydraulic Dumping Tricycle are purchased in large numbers by consumers at the bottom. There are several consumption scenarios: consumers with better economic conditions buy covered passenger buses to transport children to school; a large number of consumers purchase Hydraulic Dumping Tricycle is used to make a living. According to the survey, due to the large number of low-end manufacturing industries withdrawing from the market in recent years, many people have lost their jobs and their source of income. As a result, consumers who need Hydraulic Dumping Tricycle cannot afford to buy them because they have no income.