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Date：
2025-06-19
In depth research on the gearbox industry: the core track of industrial automation, recovery is imminent
Gearbox industry: With a scale of over 100 billion yuan in China, it is widely used in downstream industries and faces fierce market competition
Gearbox industry: With a scale of over 100 billion yuan in China, it is widely used in downstream industries and faces fierce market competition
The main raw materials for the production of reducers are metal materials such as iron and copper, and the core components include motors, castings, forgings, bearings, etc. The main production equipment is metal cutting machine tools, so the upstream industries mainly include electrical machinery and equipment manufacturing, metal smelting and rolling processing, and general equipment manufacturing. The relevant industries in our country have developed maturely, and the market supply of reducer raw materials is relatively sufficient. However, the market price fluctuations of raw materials such as iron and copper have a certain impact on the procurement cost of the reducer industry. Gearboxes are widely used downstream. The downstream application industries of reducers mainly include lifting and transportation, cement and building materials, heavy mining, metallurgy, electricity, robots, and other fields. In addition, there are various fields in the chemical industry, environmental protection, energy, pharmaceuticals, grain and oil, logistics, textiles, aerospace, marine equipment, national economy, and defense industry. In 2019, the proportion of reducer products used in the lifting and transportation industry was about 25.0%, the proportion of reducer products used in the cement and building materials industry was about 14.9%, and the proportion in the heavy mining industry was about 9.8%.
The domestic gearbox industry has a market size of over 100 billion yuan, and the compound annual growth rate is expected to reach 5% from 2021 to 2026. Thanks to the growth of China's total economic output and the favorable environment created by relevant national policies, the gearbox industry in China has shown a sustained and healthy development trend in recent years. According to the Forward Industry Research Institute, the overall size of China's gearbox market was 125.8 billion yuan in 2021. By 2026, the market size of China's gearbox industry is expected to reach 160.5 billion yuan, and the compound annual growth rate from 2021 to 2026 is expected to reach 5%.
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