As a basic component, gears are widely used in many host industries such as automobile vehicles, aerospace, various types of machinery and equipment, and are related to the quality of equipment manufacturing and the development level of the national economy. As a key component of high-end, complex equipment, such as automotive transmissions, the potential of gears can not be ignored. Especially in recent years, driven by the rapid development of automobiles, wind power, high-speed rail and infrastructure, the gear industry is showing rapid development. According to the data released in the 2012-2017 China Gear Market Competition and Investment Prospect Analysis Report, in the first half of 2012, the national gear production reached 976,900 tons, an increase of 47.14%. In June, China produced 180,000 tons of gears, an increase of 50.18%.
In terms of production in various provinces and cities, in the first half of 2012, Jiangsu Province's gear production reached 257,000 tons, down 7.38% year-on-year, accounting for 26.30% of the country's total output. Heilongjiang Province, Zhejiang Province and Hubei Province were followed, accounting for 21.75%, 12.18% and 10.58% of the total output respectively.
As the gear product market matures, China will become a global powerhouse. During the "Twelfth Five-Year Plan" period, China's gear industry is facing the historical development opportunity of adjustment and revitalization, from large to strong, and the competition in domestic and foreign markets is intensifying. Domestic deep-level contradictions will inevitably affect the pace of advancement of the industry. However, the basic force for promoting technological innovation and development in the industry is irreversible. It is expected that the whole industry will achieve stable development with an annual growth rate of around 30% in the process of transformation and upgrading.
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