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In-depth Research on the Gear Reducer Industry: The Core Track of Industrial Automation, Recovery is Imminent
Release time:
2024/11/26
The reducer industry: a domestic scale of over 100 billion, with widespread downstream applications and intense market competition.
The main raw materials for reducer production are metals such as iron and copper, with core components including motors, castings, forgings, and bearings. The main production equipment is metal cutting machine tools, so the upstream of the industry mainly consists of electrical machinery and equipment manufacturing, metal smelting and rolling processing industries, and general equipment manufacturing. Our country's related industries are well-developed, and the market supply of raw materials for reducers is relatively sufficient, but the market price fluctuations of raw materials like iron and copper have a certain impact on the procurement costs of the reducer industry. The downstream applications of reducers are extensive. The main downstream application industries for reducers include lifting and transportation, cement and building materials, heavy mining, metallurgy, electricity, robotics, and more. Additionally, there are various fields in the national economy and national defense industry such as chemicals, environmental protection, energy, pharmaceuticals, grain and oil, logistics, textiles, aerospace, and marine equipment. In 2019, the proportion of reducer products used in the lifting and transportation industry was about 25.0%, in the cement and building materials industry about 14.9%, and in the heavy mining industry about 9.8%.
The domestic reducer industry market size exceeds 100 billion yuan, with a compound annual growth rate expected to reach 5% from 2021 to 2026. Benefiting from the growth of our country's total economic output and the favorable environment created by national policies, the reducer industry in our country has shown a continuous and healthy development trend in recent years. According to the Forward Industry Research Institute, the overall scale of China's reducer market in 2021 was 125.8 billion yuan, and by 2026, the market size of the reducer industry in our country is expected to reach 160.5 billion yuan, with a compound annual growth rate expected to reach 5% from 2021 to 2026.
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