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Farewell to high growth, gear industry enters a stable development stage

Date | 2023.11.11

"Gear enterprises have undergone the test of domestic and foreign market competition, the experience of the global financial crisis, and the practice of their own operation and development. They have abandoned low-level production methods and low-quality and low-priced competition models, and the entire industry is entering a new stage of development in a 'breaking pupae and turning into butterflies' style." Ming Cuixin, Secretary General of the Gear Branch of the China General Parts Association, confidently told China Industry News reporters.

Ming Cuixin defined 2011 as the starting year for the gear industry to enter a new era of development. On the basis of integrating various data, she told reporters that although the domestic and international economic environment is still very complex and unstable factors still exist, with the strengthening of national policy support for the gear industry and the unremitting efforts of numerous gear enterprises, the total output value of the gear industry has reached a historic high.

Last year's industry development highlighted three major characteristics

Ming Cuixin emphasized that in 2011, the biggest progress of gear companies was the acceleration of the transformation of their development methods, and the initial results of product transformation and upgrading. Driven by enhancing the independent innovation capability of enterprises, focusing on improving the performance and quality of enterprise products, relying on national key projects and projects, and adhering to the transformation and development concept of "from large to strong" has become a consensus of gear enterprises.


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