At present, the comprehensive technical level of the transmission gear industry in China, including product quality, product design, process development, manufacturing equipment, and testing, is only equivalent to the level of developed countries in the mid to late 1990s.

Specifically, on the one hand, there is overcapacity in mid to low end products, resulting in homogeneous and vicious competition. On the other hand, the capacity of high-end products is insufficient, and the shift gear transmission devices of automobiles, engineering machinery, high-speed railways, coal mining machinery, and large agricultural machinery rely heavily on imports, and the import and export deficit is increasing year by year. During the 12th Five Year Plan period, China's gear industry is facing a historical development opportunity of adjustment, revitalization, and transformation from large to strong. As competition intensifies in domestic and foreign markets, deep-seated domestic contradictions will inevitably affect the industry's progress.

Affected by factors such as the resurgence of trade protectionism, the pressure of RMB appreciation, the increased risk of export exchange rate, and the decline in consumption levels in developed countries, China's gear product export competition will intensify. By the end of 2013, there were 1057 gear manufacturing enterprises above designated size in China; In 2013, the size of China's gear market reached 166.1 billion yuan, an increase of more than six times compared to 25.8 billion yuan in 2005. It is a veritable world power in gear manufacturing, and currently ranks third in the global gear market.

Therefore, while maintaining some cost advantages, the transmission gear industry must rely on new advantages such as technological progress, quality improvement, and product cost performance to expand exports. The basic force driving technological progress and innovative development in the industry is irreversible, and it is expected that the entire industry will achieve stable development at an annual growth rate of about 30% in the process of transformation and upgrading.

Gear Reducers Boost the Accelerated Development of Equipment Manufacturing Industry

Gear reducer is an indispensable key component for the implementation of mechanical transmission in the equipment manufacturing industry. The development of the national economy will stimulate investment in infrastructure construction, thereby promoting the development of industries such as metallurgy, electric power, construction machinery, construction materials, and energy. These industries have driven the expansion of the demand market for gear reducers.

According to the data released by the Prospective Industry Research Institute, in 2011, China's reducer industry achieved sales revenue of 60.023 billion yuan, a year-on-year increase of 31.54%; The total industrial output value was 60.972 billion yuan, a year-on-year increase of 34.40%; The total profit was 5.063 billion yuan, a year-on-year increase of 27.90%.

Due to the constraints of equipment manufacturing technology, China's gear reducers can only produce medium and low grade products, and the application of gear reducers in major national fields and key projects can generally only rely on imports. In order to quickly change the backward situation in which the application of speed reducers in China is restricted by developed countries,; In the 12th Five Year Plan, the effectiveness of national macroeconomic policies will continue to manifest, domestic economic growth will remain strong, international markets will also slowly recover, and the momentum of economic stabilization and recovery will gradually increase.

At present, the demand for gear reducers is strong, and the utilization rate of production capacity is high. The profits of major gear reducer manufacturers have improved significantly. With the development of gear reducers, the demand for gear reducers will continue to maintain rapid growth, with an annual growth rate of over 20% in the future.

Analysis of the current situation of the gear reducer industry Analysis of the future development, transformation and upgrading prospects

The downstream application industries of speed reducers mainly include various fields of the national economy and national defense industry, such as lifting and transportation, cement and building materials, heavy mining, metallurgy, electric power, aviation and shipbuilding.

Benefiting from the continuous deepening of industrialization and urbanization processes and the country's emphasis on the machinery manufacturing industry, the gear reducer industry is one of the basic equipment industries in China. At the same time, China's economic development has entered a period of deep adjustment, and the reducer industry has also entered a transformation and upgrading process.

Lifting and transportation equipment is the most widely used industry for gear reducers, and the development speed of this industry directly affects the growth rate of the market demand for gear reducers. estimate; During the 13th Five Year Plan period, China's hoisting and transportation equipment manufacturing industry will continue to maintain a rapid growth momentum, benefiting from which, the demand for speed reducers will also be effectively boosted.

After experiencing long-term extensive expansion, the steel industry urgently needs to accelerate structural adjustment and industrial upgrading. This adjustment has brought challenges and market opportunities to the metallurgical heavy machinery manufacturing industry, especially the high-tech high-end equipment manufacturing industry.

Gear reducers are the second largest category of general mechanical equipment used in cement machinery, and their market outlook is bound to continue to rise with the strong demand of the cement machinery industry.

After several generations of joint efforts, China's gear reducer industry has formed a huge industrial scale. At present, China's gear reducer products not only meet the needs of the domestic mainstream market, but also are exported to foreign countries, and occupy a certain position in the international market. It can be said that China is renowned both at home and abroad. China has become a major reducer manufacturing country in the world.