The substitution effect of high-end products is obvious, and the scale of vehicle gears is expected to reach 240 billion



The structural adjustment of the gear industry tends to accelerate. In the current gear industry, the differences in product manufacturing levels at home and abroad are still relatively obvious, which is mainly reflected in the design level, process level and raw material manufacturing level. Therefore, the high-end market of the industry is basically monopolized by foreign companies, and most domestic companies compete fully in the middle and low-end markets.

my country has a large number of vehicle gear manufacturers, low concentration, and sufficient market competition. Most vehicle gear manufacturers have no assembly production capacity, lack of independent product development and design capabilities, and the relationship with assembly manufacturers stays in the matching mode of processing with drawings. Due to the lack of technical advantages, quality advantages and brand advantages, coupled with the high threshold of international certification, only a small part of my country's vehicle gear products have entered the world's complete vehicle product supporting system.

According to the "China's Vehicle Gear Industry Production and Sales Demand and Investment Forecast Analysis Report" released by the Qianzhan Industry Research Institute, the sales revenue of the vehicle gear industry from 2010 to 2016 showed an upward trend and the growth rate fluctuated. In 2015, China's vehicle gear manufacturing industry achieved sales revenue of 87.594 billion yuan, a year-on-year increase of 5.90%, which is the highest scale of industry sales revenue in recent years; in 2016, under the influence of the overall transformation and upgrading of the industry, the sales revenue that year dropped slightly to 84.354 billion Yuan, a year-on-year decrease of 3.70%.

With the strong support of national policies, the development of my country's gear industry is booming, innovation capabilities continue to improve, and supporting capabilities continue to improve. Gear products have begun to extend from low-end to high-end products, and the substitution effect of high-end products is becoming more and more obvious; motorcycles, automobiles And construction machinery and other industries are the driving force for the development of my country's vehicle gear industry. Under the influence of favorable factors from all parties, the forward-looking predicts that my country's vehicle gears will develop significantly in the next few years. By 2023, the scale of vehicle gears is expected to reach 240.03 billion yuan.