- About product and suppliers:
During the research period (Dec 2016 to Nov 2018), major trends on sales, online shipping, product and requirements data were anlysised for Pdc Bit, Tricone Bit, Drag Bit, Hole Opener, Tci Tricone Bit, Drill Bit, Single Bit, Steel Tooth Bit, Bop and Rock Bit etc. And the result was as the following.
Global Market Demand trends: The Bit Breaker index started a growth trends in Jan 2017, and steadily rise to 917 in Nov 2018.
Alibaba.com Sourcing trends: Long-term Bit Breaker index inched growth to 63 in Nov 2018 form 43 in May 2018.
Online Sales trends: Long-term Bit Breaker index inched falling to 41 in Nov 2018 form 68 in Feb 2018.
According to the trends of the three indices, The consultant suggested that the Bit Breaker is still a product with market potential, but it needs to be carefully study how to decrease your cost and focus on the new products and hot products supplied by partners from Alibaba.com.