Gear Industry Development In China

- Dec 09, 2016 -

China gear industry in "ten five" period has been rapid development: 2005 gear industry's annual output value increasing to 68.3 billion yuan in 2000 to 24 billion yuan, a compound annual growth rate 23.27%, machine components, China has become the largest in the industry. Market demand and production in terms of scale, China gear industry in global ranking more than Italy, ranking the fourth in the world.

In 2006, China all gear, transmitting and driving parts manufacturing company aggregate industrial output value of 102,628,183,000 yuan, up 24.15% over the previous year; achieved cumulative sales revenue 98,238,240,000 yuan, up 24.37% over the previous year; achieve cumulative total profit of 5,665,210,000 yuan, up 26.85% over the previous year.

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