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With the further increase of national infrastructure construction, my country's reducer industry has developed rapidly in recent years. According to the statistics of the Reducer and Transmission Branch, last year, the whole industry produced a total of 450,000 reducers, with a sales income of 2 billion yuan and an export of about 100 million US dollars. Experts predict that during the "Twelfth Five-Year Plan" period, due to the development of the country's overall economy, the growth rate of the total economic volume of the reducer industry will still reach double digits.

The development of reducer in my country has a history of nearly 40 years, and it is widely used in various fields of the national economy and national defense industry. The products have developed from a single cycloid reducer at the beginning to five categories of products, namely cycloid reducer, continuously variable transmission, gear reducer, worm gear reducer, and electric drum. According to preliminary statistics, the industries with a large amount of reducers mainly include: electric machinery, metallurgical machinery, environmental protection machinery, electronic appliances, road construction machinery, chemical machinery, food machinery, light industrial machinery, mining machinery, conveying machinery, construction machinery, building materials Machinery, cement machinery, rubber machinery, water conservancy machinery, petroleum machinery, etc., the number of reducer products used in these industries has accounted for 60% to 70% of the total number of reducers used in various industries in the country.

During the "Eleventh Five-Year Plan" period, due to the active fiscal policy adopted by the state, which stimulated domestic demand and increased investment in fixed assets, the development of various industries entered a fast lane. In particular, the investment in infrastructure construction has accelerated the development of metallurgy, electric power, construction machinery, building materials, and energy. Therefore, the demand for reducers has gradually expanded. It is expected that during the "Twelfth Five-Year Plan" period, with the country's emphasis on the machinery manufacturing industry, the acceleration of the localization process of major equipment, and the start of urban renovation, venue construction and other engineering projects, the market prospect of the reducer is promising, and the entire industry will remain fast. The development trend, especially the growth of gear reducers will be greatly improved, which is related to the use of gear reducers in most imported equipment. Therefore, industry experts hope that enterprises will quickly develop and manufacture gear reducers, especially large-scale hard-tooth surface reducers and medium and small power reducers, to meet the needs of the market.

Judging from the development of enterprises in the industry, in recent years, private enterprises in Jiangsu Province and Zhejiang Province have developed rapidly and have become a new force in the industry. In addition, there are many reducer manufacturers in Zibo, Shandong Province. Some fast-growing private enterprises continue to grow and develop after completing the original accumulation. They keep abreast of market changes, adjust product structure in a timely manner, and continuously improve product quality requirements. In order to enhance their competitiveness, they have increased capital investment in purchasing testing equipment, experimental equipment and expanding workshops. The processing capacity and technical level have been improved rapidly. At the same time, they have also attached importance to the training and introduction of talents. The enterprise has begun to develop in the direction of standardization and standardization.