Chinas gearbox market currently needs rapid development

In recent years, with the rapid development of China, the reduction motor industry has achieved rapid development. According to relevant data, a total of 450000 units have been introduced in the entire industry, with revenue reaching several billion yuan and exports reaching 100 million US dollars. Relevant experts speculate that with the development of the entire family economy, the growth rate of the total economic output of the deceleration motor industry can reach double digits.

Reduction motors have a development history of over 40 years in China and are widely used in various industries of the national economy. Due to the active fiscal policies implemented by the country, which have stimulated domestic demand, the investment in fixed materials has gradually increased, and various industries have entered a period of rapid development. This background has also promoted the development of gearmotors. However, from the current development perspective, there is still a significant gap compared to foreign countries, and breakthroughs need to be made.