# The 2007-2012 Outlook for Mechanics’ Hand Service Tools in Greater China

- ID: 459455
- September 2006
- Region: China
- 140 pages
- ICON Group International

WHAT IS LATENT DEMAND AND THE P.I.E.?

The concept of latent demand is rather subtle. The term latent typically refers to something that is dormant, not observable, or not yet realized. Demand is the notion of an economic quantity that a target population or market requires under different assumptions of price, quality, and distribution, among other factors. Latent demand, therefore, is commonly defined by economists as the industry earnings of a market when that market becomes accessible and attractive to serve by competing firms. It is a measure, therefore, of potential industry earnings (P.I.E.) or total revenues (not profit) if Greater China is served in an efficient manner. It is typically expressed as the total revenues potentially extracted by firms. The “market” is defined at a given level in the value chain. There can be latent demand at the retail level, at the wholesale level, the manufacturing level, and the raw materials level (the P.I.E. of higher levels of the value chain being always smaller than the P.I.E. of levels at lower levels of the same value chain, assuming all levels maintain minimum profitability).

The latent demand for mechanics’
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1 INTRODUCTION 9

1.1 Overview 9

1.2 What is Latent Demand and the P.I.E.? 9

1.3 The Methodology 10

1.3.1 Step 1. Product Definition and Data Collection 11

1.3.2 Step 2. Filtering and Smoothing 13

1.3.3 Step 3. Filling in Missing Values 13

1.3.4 Step 4. Varying Parameter, Non-linear Estimation 13

1.3.5 Step 5. Fixed-Parameter Linear Estimation 14

1.3.6 Step 6. Aggregation and Benchmarking 14

2 SUMMARY OF FINDINGS 15

2.1 The Latent Demand in Greater China 15

2.2 Top 100 Cities Sorted By Rank 16

3 ANHUI 19

3.1 Latent Demand by Year - Anhui 19

3.2 Cities Sorted by Rank - Anhui 20

3.3 Cities Sorted Alphabetically - Anhui 21

4 BEIJING 23

4.1 Latent Demand by Year - Beijing 23

4.2 Cities Sorted by Rank - Beijing 24

4.3 Cities Sorted Alphabetically - Beijing 24

5 CHONGQING 25

5.1 Latent Demand by Year - Chongqing 25

5.2 Cities Sorted by Rank - Chongqing 26

5.3 Cities Sorted Alphabetically - Chongqing 27

6 FUJIAN 28

6.1 Latent Demand by Year - Fujian 28

6.2 Cities Sorted by Rank - Fujian 29

6.3 Cities Sorted Alphabetically - Fujian 30

7 GANSU 32

7.1 Latent Demand by Year - Gansu 32

7.2 Cities Sorted by Rank - Gansu 33

7.3 Cities Sorted Alphabetically - Gansu 34

8 GUANGDONG 35

8.1 Latent Demand by Year - Guangdong 35

8.2 Cities Sorted by Rank - Guangdong 36

8.3 Cities Sorted Alphabetically - Guangdong 38

9 GUANGXI 40

9.1 Latent Demand by Year - Guangxi 40

9.2 Cities Sorted by Rank - Guangxi 41

9.3 Cities Sorted Alphabetically - Guangxi 42

10 GUIZHOU 43

10.1 Latent Demand by Year - Guizhou 43

10.2 Cities Sorted by Rank - Guizhou 44

10.3 Cities Sorted Alphabetically - Guizhou 45

11 HAINAN 46

11.1 Latent Demand by Year - Hainan 46

11.2 Cities Sorted by Rank - Hainan 47

11.3 Cities Sorted Alphabetically - Hainan 48

12 HEBEI 49

12.1 Latent Demand by Year - Hebei 49

12.2 Cities Sorted by Rank - Hebei 50

12.3 Cities Sorted Alphabetically - Hebei 51

13 HEILONGJIANG 52

13.1 Latent Demand by Year - Heilongjiang 52

13.2 Cities Sorted by Rank - Heilongjiang 53

13.3 Cities Sorted Alphabetically - Heilongjiang 55

14 HENAN 57

14.1 Latent Demand by Year - Henan 57

14.2 Cities Sorted by Rank - Henan 58

14.3 Cities Sorted Alphabetically - Henan 60

15 HONG KONG 62

15.1 Latent Demand by Year - Hong Kong 62

15.2 Cities Sorted by Rank - Hong Kong 63

15.3 Cities Sorted Alphabetically - Hong Kong 64

16 HUBEI 65

16.1 Latent Demand by Year - Hubei 65

16.2 Cities Sorted by Rank - Hubei 66

16.3 Cities Sorted Alphabetically - Hubei 68

17 HUNAN 70

17.1 Latent Demand by Year - Hunan 70

17.2 Cities Sorted by Rank - Hunan 71

17.3 Cities Sorted Alphabetically - Hunan 73

18 JIANGSU 75

18.1 Latent Demand by Year - Jiangsu 75

18.2 Cities Sorted by Rank - Jiangsu 76

18.3 Cities Sorted Alphabetically - Jiangsu 78

19 JIANGXI 80

19.1 Latent Demand by Year - Jiangxi 80

19.2 Cities Sorted by Rank - Jiangxi 81

19.3 Cities Sorted Alphabetically - Jiangxi 82

20 JILIN 84

20.1 Latent Demand by Year - Jilin 84

20.2 Cities Sorted by Rank - Jilin 85

20.3 Cities Sorted Alphabetically - Jilin 86

21 LIAONING 88

21.1 Latent Demand by Year - Liaoning 88

21.2 Cities Sorted by Rank - Liaoning 89

21.3 Cities Sorted Alphabetically - Liaoning 90

22 MACAU 92

22.1 Latent Demand by Year - Macau 92

22.2 Cities Sorted by Rank - Macau 93

22.3 Cities Sorted Alphabetically - Macau 93

23 NEI MONGGOL 94

23.1 Latent Demand by Year - Nei Monggol 94

23.2 Cities Sorted by Rank - Nei Monggol 95

23.3 Cities Sorted Alphabetically - Nei Monggol 96

24 NINGXIA 97

24.1 Latent Demand by Year - Ningxia 97

24.2 Cities Sorted by Rank - Ningxia 98

24.3 Cities Sorted Alphabetically - Ningxia 98

25 QINGHAI 99

25.1 Latent Demand by Year - Qinghai 99

25.2 Cities Sorted by Rank - Qinghai 100

25.3 Cities Sorted Alphabetically - Qinghai 100

26 SHAANXI 101

26.1 Latent Demand by Year - Shaanxi 101

26.2 Cities Sorted by Rank - Shaanxi 102

26.3 Cities Sorted Alphabetically - Shaanxi 103

27 SHANDONG 104

27.1 Latent Demand by Year - Shandong 104

27.2 Cities Sorted by Rank - Shandong 105

27.3 Cities Sorted Alphabetically - Shandong 107

28 SHANGHAI 109

28.1 Latent Demand by Year - Shanghai 109

28.2 Cities Sorted by Rank - Shanghai 110

28.3 Cities Sorted Alphabetically - Shanghai 110

29 SHANXI 111

29.1 Latent Demand by Year - Shanxi 111

29.2 Cities Sorted by Rank - Shanxi 112

29.3 Cities Sorted Alphabetically - Shanxi 112

30 SICHUAN 114

30.1 Latent Demand by Year - Sichuan 114

30.2 Cities Sorted by Rank - Sichuan 115

30.3 Cities Sorted Alphabetically - Sichuan 117

31 TAIWAN 119

31.1 Latent Demand by Year - Taiwan 119

31.2 Cities Sorted by Rank - Taiwan 120

31.3 Cities Sorted Alphabetically - Taiwan 122

32 TIANJIN 125

32.1 Latent Demand by Year - Tianjin 125

32.2 Cities Sorted by Rank - Tianjin 126

32.3 Cities Sorted Alphabetically - Tianjin 126

33 XINJIANG UYGUR 127

33.1 Latent Demand by Year - Xinjiang Uygur 127

33.2 Cities Sorted by Rank - Xinjiang Uygur 128

33.3 Cities Sorted Alphabetically - Xinjiang Uygur 129

34 XIZANG [THIBET] 130

34.1 Latent Demand by Year - Xizang [Thibet] 130

34.2 Cities Sorted by Rank - Xizang [Thibet] 131

34.3 Cities Sorted Alphabetically - Xizang [Thibet] 131

35 YUNNAN 132

35.1 Latent Demand by Year - Yunnan 132

35.2 Cities Sorted by Rank - Yunnan 133

35.3 Cities Sorted Alphabetically - Yunnan 134

36 ZHEJIANG 135

36.1 Latent Demand by Year - Zhejiang 135

36.2 Cities Sorted by Rank - Zhejiang 136

36.3 Cities Sorted Alphabetically - Zhejiang 137

37 DISCLAIMERS, WARRANTEES, AND USER AGREEMENT PROVISIONS 139

37.1 Disclaimers & Safe Harbor 139

37.2 User Agreement Provisions 140