Hangzhou Yutong import & export trading Co., Ltd. has been deeply involved in the RV parts industry for more than ten years. It has been committed to the independent research and development and innovation of related parts in the RV industry. From the development and production of the intelligent leveling system and the R&D and creation of intelligent jacks, the company has always adhered to the concept of leading the market with technology and achieving the future with innovation.
North America is the most developed region of the RV market in the world, and the United States and Canada are the first and second largest RV markets in North America. And our company has always focused on the North American market, and the company's export products account for 1/3 of the same type of products in the North American market. Entering 2023, the environment of the North American RV market will remain complex and changeable, but will maintain a stable development trend overall. RVs have become an important daily travel tool for Americans, and their popularity continues to increase. In 2023, the North American RV market will perform steadily. The governments of various countries have introduced various measures and continued to promote the negotiation of trade agreements, which is conducive to the deep integration of regional markets. High-end, intelligent network connection and new energy are the development directions of the North American RV market. Mainstream RV companies adopt a differentiated competition strategy and launch a variety of high value-added products to meet market demand.
The Chinese market has maintained rapid growth in the past few years. Especially in recent years, the demand for RVs in China's domestic market has shown explosive growth, and the international RV rental market has also gradually emerged. It is predicted that in the next few years, the scale of China's RV market will continue to expand. The order volume of mainstream RV companies in the first half of 2023 has increased by more than 10% compared with the same period last year. In particular, orders for high-end RVs and new energy RVs grew rapidly and performed well. The production and sales of the RV industry are booming, and the market is booming. It is expected that the sales of RVs will reach about 700,000 units in 2023, a slight increase year-on-year. Entering 2023, my country's RV market will continue to maintain a stable development trend. The business volume of the domestic RV market is growing steadily.
At the beginning of 2023, although the growth of my country's export sales has slowed down and the foreign trade industry is struggling, with the arrival of the second quarter, the export of the RV market has increased, and the orders of our existing customers have grown steadily. According to our chairman Wang Guozhong’s feedback on the American market survey and customer visits in April, the demand for the American RV industry is strong, and the enthusiasm of customers to maintain business contacts with Chinese suppliers has not diminished. In addition, the Southeast Asian market is weak in substitution, and Chinese suppliers are still The main force of American procurement.
In the future, with the acceleration of new technology applications and consumption upgrades, the North American market for high-end RVs and new energy RVs has huge potential. RV companies need to increase investment in research and development to accelerate the improvement of product capabilities. Parts companies also need to follow the trend, actively deploy new technologies and new products, and jointly promote the upgrading of the global RV market. However, our company already has independent innovation and research and development capabilities, and has been committed to technologically armed products, with low-cost high-tech additional products, to open up new paths for the future market and capture more market share.