Reducer industry: domestic scale of more than 100 billion, downstream applications, fierce market competition

Reducer production of the main raw materials for iron, copper and other metal materials, core parts including motor, castings, forgings, bearings and so on. The main production equipment is metal cutting machine tools, so the upstream of the industry is mainly electrical machinery and equipment manufacturing, metal smelting and rolling processing industry and general equipment manufacturing. The relevant industries in our country are mature, and the market supply of reducer raw materials is sufficient, but the market price fluctuation of iron, copper and other raw materials has a certain influence on the purchase cost of reducer industry.

Reducer is widely used downstream. The downstream application industries of reducer mainly include crane transportation, cement building materials, heavy mining, metallurgy, electric power, robotics and other fields, in addition to chemical, environmental protection, energy, pharmaceutical, grain and oil, logistics, textile, aerospace, Marine equipment, national economy and various fields of national defense industry. In 2019, the number of gear reducer products used in heavy transportation industry accounted for about 25.0%, the number of cement building materials industry used gear reducer products accounted for about 14.9%, and the number of heavy mining industry accounted for about 9.8%.