Recently, it was learned from the Gearbox Branch of the China General Machinery Industry Association that with the further increase of national infrastructure, China's gearbox industry has experienced rapid development in recent years. According to the statistics of the Transmission Reduction Branch, last year, the entire industry produced 450000 reducers, achieving sales revenue of 2 billion yuan and exports of approximately 100 million US dollars. Experts predict that during the 11th Five Year Plan period, due to the overall economic development of the country, the economic growth rate of the gearbox industry will still reach double digits.

The development of reducers in China has a history of nearly 40 years, and they are widely used in various fields of the national economy and defense industry. The product has evolved from a single cycloidal reducer to five major categories, namely cycloidal reducers, continuously variable transmissions, gear reducers, worm gear reducers, and electric drums. According to preliminary statistics, the industries with a relatively large usage of reducers mainly include electric power machinery, metallurgical machinery, environmental protection machinery, electronic appliances, road construction machinery, chemical machinery, food machinery, light industry machinery, mining machinery, conveying machinery, construction machinery, building materials machinery, cement machinery, rubber machinery, water conservancy machinery, petroleum machinery, etc. The number of reducer products used in these industries has accounted for 60% to 70% of the total number of reducers used in various industries in China.

During the "Tenth Five Year Plan" period, due to the positive fiscal policies adopted by the state, domestic demand was stimulated, and fixed assets investment was intensified, so the development of various industries entered the fast lane. Especially the investment in infrastructure has accelerated the development of metallurgy, electricity, construction machinery, building materials, energy, etc. Therefore, the demand for reducers has gradually expanded. It is expected that during the 11th Five Year Plan period, with the country's increasing attention to the mechanical manufacturing industry, the acceleration of the localization process of major equipment, and the commencement of urban renovation, venue construction and other engineering projects, the market prospects of reducers are promising. The entire industry will continue to maintain a rapid development trend, especially the growth of gear reducers, which is related to the fact that most imported equipment is equipped with gear reducers. Therefore, industry experts hope that enterprises can quickly develop and manufacture gear reducers, especially large hard tooth surface reducers and medium and low-power reducers, to meet market demand.

From the perspective of the development of enterprises in the industry, in recent years, private enterprises in Jiangsu and Zhejiang provinces have developed rapidly and have become a new force in the industry. In addition, there are many gearbox manufacturers in the Zibo area of Shandong Province. Some private enterprises with fast development speed continue to grow and expand after completing their original accumulation. They keep up with market changes, adjust their product structure in a timely manner, and constantly improve their requirements for product quality. In order to enhance their competitiveness, they have increased their investment in purchasing testing equipment, experimental equipment, and expanding their factories. Their processing capacity and technical level have improved rapidly, and they also attach importance to the cultivation and introduction of talents. The enterprise has begun to develop towards standardization and standardization.