News
Development Status of the Global and Domestic Precision Reducer Industry
Release time:
2024/12/01
In the context of continuous technological innovation, improved labor productivity, and fluctuations in energy costs, the global precision reducer industry is facing new opportunities and challenges in the development of global manufacturing. The global manufacturing landscape is rapidly restructuring, with three major trends emerging: intensified competition in high-end manufacturing, ongoing transfer of traditional manufacturing, and regional multi-core development. The increase in labor costs and the accelerated transformation and upgrading of the manufacturing industry worldwide have prompted countries to expedite the implementation of smart manufacturing plans, with automated and energy-efficient reducers and drive systems becoming new growth points for downstream customer demand. Against the backdrop of the booming industrial robot industry globally and domestically, the Asia-Pacific and European regions are the main markets for reducer equipment. In recent years, the reducer industry in the Asia-Pacific and European regions has experienced rapid development, becoming the largest reducer market in the world. According to data from the Development Research Center of GF Securities, in 2015, the Asia-Pacific market accounted for 29.87% of sales, slightly higher than North America and Europe; by 2019, the Asia-Pacific and European regions had become the primary markets for reducers globally, with the Asia-Pacific region contributing 44.30% of global reducer sales. It is expected that by 2023, the market share of reducers in the Asia-Pacific region will exceed half of the global total. In the future, the Asia-Pacific region will become the most significant regional market for the expansion of the reducer industry, with market share continuing to grow.
Latest information