As one of the essential components in the mechanical manufacturing industry, gear forgings also play an important role in the Chinese market. Currently, with the continuous advancement of national policies and technological progress, the Chinese gear forging industry is rapidly developing, and its market scale is expanding.
According to the “China Gear Industry Development Report”, in 2019, the total output value of China’s gear industry reached 343 billion yuan, a year-on-year increase of 6.2%; the total output value of gear manufacturing reached 174.9 billion yuan, a year-on-year increase of 6.5%. Among them, gear forgings occupy an important share in the gear manufacturing industry and its market scale is also expanding year by year.
On the one hand, the support of national policies is also an important factor in promoting the development of gear forgings industry. In recent years, the Chinese government has been vigorously developing advanced manufacturing, issuing a large number of policy documents to support high-precision and advanced technologies. The implementation of these policies has provided gear forging companies with a broader market development space, and promoted enterprise technological innovation and product upgrades.
On the other hand, actual production cases also fully demonstrate the expanding market scale of gear forgings. For example, in recent years, a gear forging enterprise in Jiangsu Province has advanced workshops, equipment, and technology, and has carried out various types of production activities. Its gear forging products are of high quality, reliable performance, and good market response, winning extensive user trust and support.
In summary, the Chinese gear forging industry is in a rapid development stage under the stimulation of policies and markets, and its market scale is constantly expanding, with broad development prospects.
