Main listed companies in reducer industry: At present, the main listed companies in reducer industry in China are Guo Mao (6039 15), Green Harmony (6880 17), Ningbo Dongli (002 164), China Expressway (00658) and Zhong Da Lide (002896).
The core data of this paper: market size, competition pattern and trend forecast.
General situation of industry
1, definition
Reducer, also known as reducer, is a kind of power transmission mechanism, which uses the speed converter of gear to slow down the number of revolutions of the motor to the desired number and obtain greater torque.
The reducer is mainly aimed at the motor, which plays the role of matching speed and transmitting torque between the prime mover and the working machine. Most working machines have large load and low rotating speed, and are not suitable for direct driving by prime movers. A reducer is needed to reduce the speed and increase the torque, so most working machines need to be equipped with a reducer. As one of the indispensable basic components of industrial power transmission, reducer is widely used in environmental protection, construction, electric power, chemical industry, food, logistics, plastics, rubber, mining, metallurgy, petroleum, cement, shipbuilding, water conservancy and other industries.
Reducers mainly include industrial general reducers and industrial special reducers, which can be divided into different product types according to different classification basis. The specific product situation is as follows.
2. Industrial chain analysis: Downstream reducer industry is widely used.
Upstream enterprises mainly include equipment manufacturers, parts manufacturers and raw material enterprises. The main production equipment of reducer is metal cutting machine tool, and the main enterprise is Dalian Machine Tool Group. Parts manufacturing enterprises include casting and bearing manufacturing enterprises; Raw material production enterprises are mainly steel enterprises. Mid-stream participants are mainly general reducers, special reducers and robot reducers. Downstream reducer is widely used, involving metallurgy, aviation, food, robots and so on.
At present, the main listed companies in the middle reaches of reducer industry chain are: Ningbo Dongli, Zhong Da Lide, Hangzhou Tooth Advance, etc. In addition, some non-listed companies' reducer products also occupy a place in China market, such as Jiangsu Tailong Reducer Co., Ltd. ..
Industrial development process:
Reducers have a history of nearly 40 years in China and are widely used in various fields of national economy and national defense industry. The products have developed from the initial single cycloidal pinwheel reducer to many kinds now, namely cycloidal pinwheel reducer, continuously variable transmission, gear reducer, worm gear reducer, electric drum and so on. In 1960s, the reducer industry in China mainly experienced four stages.
China has established the standards for the development of the industry and set up a factory specializing in the production of reducers; After 1978, the country introduced advanced processing equipment, and gradually mastered the design and manufacturing technology of various high-low-speed and heavy-duty gear devices by introducing and absorbing foreign advanced technology and scientific research achievements; During the Twelfth Five-Year Plan period, energy-saving and emission-reducing environment-friendly reducers will replace reducers with high energy consumption, high pollution and low efficiency. The industry has entered a major reform, getting rid of dependence on foreign technology and independently developing energy-saving and environmental protection products; Starting from 20 15, Made in China 2025 requires a breakthrough in the technology of high-end products such as robot reducers, which means that reducer technology has entered a catch-up period. With the partial mass production of domestic RV reducer and harmonic reducer, the domestic precision reducer industry has entered the stage of domestic substitution.
Upstream raw material supply: 202 1, copper and steel production increased, and prices continued to rise.
According to the data of the National Bureau of Statistics, in 2020, the cumulative output of copper products nationwide was 20.46 million tons, with a cumulative increase of1.4%; During the period of 20 15-20 19, the copper output in China fell to the lowest on 20 18, and then slowly picked up. By July, the copper output was 202 1.88 million tons, up 0.5% year-on-year.
According to the data of copper price index of China Hardware & Electromechanical Index, the domestic copper price index fluctuated from 20 12 to 202 1. From 20 12 to 20 16, the copper price index decreased year by year, from 96.88 in 20 12 to 7 1.32 in 20 16. After 20 17, the price trend of copper market fluctuated little, and the price index in 2020 was 75.86. From 20 19 to 202 1, the copper price in China kept rising. By the end of August of 202 1, the copper price index of 202 1 was 100.9, which was the highest point in recent years.
From 20 16 to 2020, the steel output in China is in a continuous upward trend. In 2020, China's steel production will maintain a steady growth. According to the data released by the National Bureau of Statistics, in 2020, China's steel output was 1.325 billion tons, up by 7.7% year-on-year. From 20021to1-July, the steel output was 809 million tons, with a year-on-year increase of 10.5%.
At the end of 65438+February in 2020, the price of steel (plate) rose, and the cost of reducer industry rose. Steel prices fell in 20021June, and the steel price index rose to 136.28 in March, up 9.44% from the beginning of the year and 37.37% from the same period last year. 2021at the end of June, the steel price index rose to 143.
Downstream application fields: lifting and transportation, cement building materials and robots are the most used fields.
The downstream application industries of reducer mainly include various fields of national economy and national defense industry, such as lifting and transportation, cement building materials, heavy mines, metallurgy, electric power and aviation ships. Among them, the number of reducer products used in lifting and transportation industry is about 25.02%, the number of reducer products used in cement building materials industry is about 14.89%, and the proportion of heavy ore industry is about 9.76%.
Note: The data deadline is 20 19.
Present situation of industrial development
1. Number of reducer enterprises above designated size in China: 20 15-20 19.
According to the data published in China General Machinery Industry Yearbook 2020, the number of enterprises above designated size in China gearbox industry fluctuates between 20 15 and 20 19. In 20 19, the number of enterprises above designated size in China gearbox industry was 800.
2. Market size of reducer industry: 20 19 and will maintain a high growth rate in 2020.
According to the data of China Machinery Industry Federation, the output of reducer in China has fluctuated greatly in recent years. In 20 19, the output of reducers in China increased rapidly, reaching 8.52 million units, up 5 1.3% year-on-year. In 2020, the output of reducers in China increased steadily, with 9,654.38+0.7 million units, up by 7.6% year-on-year.
Note: The data before 20 19 comes from China General Machinery Industry Yearbook, but the data before 20 19 comes from China Machinery Industry Federation. According to historical data, the data before 20 19 of China Machinery Industry Federation is consistent with China General Machinery Industry Yearbook, so it is 20 19-2009.
Industrial competition pattern
1. Regional competition: Shandong and Jiangsu are among the best.
Judging from the regional competition pattern, there are more reducer enterprises in Shandong and Jiangsu, followed by Zhejiang, Hebei and Henan provinces, and there are also more reducer manufacturers.
Note: The above data comes from enterprise survey, searching for "reducer" to screen surviving and in-service manufacturing enterprises.
2. Enterprise competition: foreign brands occupy the high-end market, while domestic brands dominate the mid-end market.
The domestic industrial reducer market is gradually showing a polarization trend in the middle and low end. With the upgrading of downstream manufacturing industry, diversified demands put forward higher requirements for the comprehensive strength of reducer enterprises. In 20 19, German high-end brands such as SEW and Siemens accounted for about 25% of the market share, domestic mid-range brands such as Guo Mao and Ningbo Dongli accounted for about 50% of the market share, and low-end brands accounted for about 25%.
Industrial development prospect and trend forecast
1, the policy will continue to promote industry development.
On May 20 15, the State Council released "Made in China 2025", which comprehensively deployed and implemented the strategy of manufacturing a strong country. The related policies for reducers are as follows:
With the introduction of relevant national policies and the increase of R&D investment, China's reducer technology will gradually narrow the gap with the giants, the production capacity of enterprises will also be continuously improved, and the market share of China's reducer enterprises will also increase accordingly.
2.202 1 year, the reducer market in Chinese mainland may exceed12 billion yuan.
Reducers are widely used in various industries of the national economy. It is predicted that the demand of reducer industry will be upgraded and developed in 20021-2026. On the one hand, with the advancement of supply-side reform, the deepening of industrial restructuring, the increase of infrastructure investment, and the gradual easing of the contradiction between supply and demand in the market, traditional downstream industries will gradually pick up.
On the other hand, with the strong support of "Made in China 2025" and other related policy documents and the steady growth of macro-economy, the trend of industrial automation and the development of emerging industries such as environmental protection and new energy power generation have brought new growth points to the demand of reducer industry. Looking into the future, it is predicted that the market scale of China reducer industry will increase by 5% in 20021-2026, and the market scale will exceed160 billion yuan in 2026.
The above data comes from the Analysis Report on Market Foresight and Investment Strategic Planning of China Reducer Industry by Forward-looking Industry Research Institute.