ReportsnReports -China Gear Industry Market Research Report for 2010-2011
By Reportsnreports, PRNEWednesday, June 29, 2011
DALLAS, June 30, 2011 -
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China Gear Industry Report, 2010-2011‘Report
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Report Summary
Over the past five years, China gear industry witnessed
high-speed development and its size got a constant expansion. The
total output value increased by 28.1% year on year to RMB78.19
billion in 2009, and reached RMB94.64 billion in 2010.
By the end of 2010, the aggregated demand from
China gear market was worth above RMB140.0 billion, more than
doubled of RMB68.3 billion in 2005.
In 2010, the market demand for gears was largely fueled by the
fast development of China wind power gear market and automobile
market. In the same year, China’s gear industry achieved the total
output of 726.86t, climbing by 21.8% year on year; the sales of
gear parts were RMB72.57 billion (excluding driveline), growing by
20% year on year; the whole year’s import value was US$9.8 billion,
up 35% year on year; the export value was US$2.2 billion, a hike of
28% year-on-year; and the import and export deficit was up to
US$7.6 billion. The import for automobile automatic transmission
had a leading position.
In 2010, Shaanxi Fast Auto Drive Group Co., Ltd. achieved the
sales of RMB12.618 billion, rising by 67.3%; and it is the first
enterprise with the production and sales exceeding RMB10 billion in
the gear industry.
Coupling with the growth of Chinese wind power gearbox market,
China High Speed Transmission Equipment Group Co., Ltd.
accomplished sales of RMB7.393 billion in 2010, mounting by 30.9%
comparing with RMB5.647 billion in 2009, and the sales in 2011 is
expected to exceed RMB10 billion.
Zhejiang Shuanghuan Driveline Co., Ltd. is dedicated to the
production of vehicle gear parts, thanks to the prosperity of
automobile industry, its operating income in 2010 reached RMB834.1
million.
Ningbo Donly Transmission Equipment Co., Ltd., focusing on the
production of industrial gears, provides 50% of its products to the
metallurgical industry. With the widening of the product line,
Donly will stretch its products to the mining, power, lifting and
transport, wind power and railway fields, giving priority to the
development of the lifting and transport, building materials and
other industries, whose market sizes are above 3 times bigger than
that of the metallurgical industry.
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