Gear Trend

- Dec 09, 2016 -

By the end of 2012, gear industry annual sales revenue of about 160 billion yuan, the production of more than 1000 companies, enterprises above the designated size of about more than 400 companies employing about 300,000 people, based parts industry is the largest industry. After more than 20 years of unremitting efforts, China has become a gear power.

"Twelve-Five" during China gear industry restructuring and revitalization, from big to strong historical opportunities of development, intensified market competition at home and abroad, domestic contradictions inevitably will affect the industry pace, but the basic forces promoting the development of industry technology innovation is irreversible, in the process of transformation and upgrading of the entire industry will be the average annual growth rate of around 30% to achieve stability and development.

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