China Gear Market 2016: Industry Share, Growth, Review, Research, Analysis and Forecast To 2018 By Hexa Reports

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The gear industry is mainly composed of three kinds of enterprises: vehicle gear transmission manufacturing enterprises; Industrial use-gear transmission manufacturing enterprises, specific gear equipment manufacturing enterprise.

Research and Forecast of China Gear Market”, 2014-2018 mainly analyzes the market status of gear industry both home and abroad, supply and demand, and business performance of major domestic and foreign enterprises, meanwhile offers suggestions for gear industry, so as to make entrepreneurs get a better understanding of this industry and make a wiser decision with the help of the investment reference.

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Compared with the developed countries, gear industry in China starts late; however, the development is rapidly. Though there is still a gap between domestic industries and the industries in developed countries in the aspect of product quality, design, technology development, equipment manufacturing, testing and some other extensive high-level technologies, the leading enterprises of the industry are basically possessed the brand new production developing ability.

China’s gear productions are widely applied in equipments for aviation, shipping, weaponry, auto machinery, machine tool, engineering machinery, railway transmission, cement construction, hoisting transportation, mining and metallurgy, power and energy, petrochemical engineering, and instrumentation total more than 20 fields.

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Driving by the demands of downstream market, China’s gear industry develops rapidly. In 2013, the total output of the countrywide gears was 2.2638 million tons, increasing by 5.47% compared with that of last year. The output value reached CNY 208 billion, increasing by 6.6% compared with that of last year.

According to the statistics of sales in China, vehicle gear outshined others with a 60% market share; and the industrial use gear which composed of gears for general industrial use, exclusive industrial use and special use, and each took up 18%, 12% and 8% market share; while gear equipment only took up 2%.

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