With the continuous advancement of China's gear industry and the growth of its downstream sectors, such as the automotive industry, the output value of the gear industry is expected to reach 100 billion yuan between 2006 and 2010, placing it among the world's top "three guarantees two." From 2011 to 2015, the goal was to further improve its global ranking.
After nearly a decade of development, China's gear products have made significant progress. Many of them have reached or are approaching international advanced levels. However, a large portion of gears and gearboxes still lag behind in terms of vibration, noise, and fatigue life. These issues are closely related to the quality of gear materials and the level of heat treatment equipment and processes. As a result, they have become major bottlenecks that hinder Chinese gear products from fully meeting international standards.
In 2006, the annual output value of the gear industry reached 59 billion yuan, with vehicle gears accounting for as much as two-thirds of the total. The automobile industry has been a crucial driver for the development of gear molds.
During the "Eleventh Five-Year Plan" period, the total output value of China's gear industry grew from 25 billion yuan to 50 billion yuan, with an average annual growth rate of nearly 20%. In just five years, it doubled in size and ranked fourth globally. More than 50 companies achieved sales over 100 million yuan, showing a significant increase in industry concentration. During this period, the focus was on cultivating leading enterprises in the gear industry, with the ultimate aim of achieving the top position in the world, especially in the reducer sector.
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