There are various types of outdoor sports, which combine the dual attributes of sports and tourism leisure, and are deeply loved by modern people. Especially since the beginning of this year, equipment used for outdoor activities such as mountain climbing, hiking, cycling, and outings has experienced significant sales growth, and the outdoor sports equipment industry has received high attention.
Due to the steady growth of per capita disposable income in our country, the unit price and consumption investment of outdoor products purchased by the public continue to rise every year, which has provided rapid development opportunities for companies including Yantai Linghua New Materials Co., Ltd.
The outdoor sports equipment industry has a huge user base and market foundation in developed countries such as Europe and America, and China’s outdoor equipment market has gradually grown into one of the world’s major outdoor sports equipment markets. According to data from China Fishing Gear Network, the revenue scale of China’s outdoor products industry reached 169.327 billion yuan in 2020, a year-on-year increase of 6.43%. It is expected to reach 240.96 billion yuan by 2025, with a compound annual growth rate of 7.1% from 2021 to 2025.
At the same time, with the rise of the national fitness plan as a national strategy, various sports industry support policies have emerged frequently. Plans such as the “Water Sports Industry Development Plan”, “Mountain Outdoor Sports Industry Development Plan”, and “Bicycle Sports Industry Development Plan” have also been introduced to promote the development of the outdoor sports industry, creating a favorable policy environment for the development of the outdoor sports industry.
With steady growth in the industry and policy support, Yantai Linghua New Materials Co., Ltd. has not let these opportunities slip away. The company adheres to the concept and goal of becoming a leading global supplier of outdoor sports equipment materials, gradually growing into an important participant in the global outdoor sports equipment TPU material field. In the long-term production and operation process, the company has mastered key processes and technologies such as TPU film and fabric composite technology, polyurethane soft foam foaming technology, high-frequency welding technology, hot pressing welding technology, etc., and gradually formed a unique vertical integrated industrial chain.
In addition to the core advantage category of inflatable mattresses, which accounts for 70% of the revenue, the company also stated that by the end of 2021, new products such as waterproof&insulated bags, TPU&PVC surfboards, etc. are expected to be launched, which is expected to bring the performance to a new level.
In addition, Yantai Linghua New Materials Co., Ltd. is actively expanding its global factory layout, producing TPU fabrics such as inflatable beds, waterproof bags, waterproof bags, and inflatable pads. It also plans to invest in the construction of a production base for outdoor products in Vietnam.
In the first half of this year, Yantai Linghua New Materials Co., Ltd. focused on three research and development directions: basic materials, products, and automation equipment. With customer needs as the goal, the company carried out work on key projects such as TPU composite luggage fabrics, low-density high resilience sponges, inflatable water products, and home inflatable mattress automation production lines, achieving significant results.
Through the above-mentioned effective measures, Yantai Linghua New Materials Co., Ltd. has gradually formed a unique vertical integrated industrial chain, which not only has cost advantages, but also comprehensive advantages in quality and delivery time, and effectively enhances the company’s risk resistance and bargaining ability.
Post time: Jul-29-2024