Recent trends and developments in the reducer industry
Publish Time：
2025-05-28
In recent years, the downward pressure on China's economic growth rate has increased, the pain of economic restructuring has intensified, and the situation of both domestic and foreign demand is severe, causing significant adjustments to the engineering machinery industry. The real estate industry, which is highly related to construction machinery, has continued to decline, and engineering lifting machinery is among the first to be affected.
The "2018-2025 China Reducer Industry Status Research Analysis and Market Forecast Report" shows that in 2018, the total sales volume of cranes in China was 15,957 units, a decrease of 3,063 units compared to 2016, representing a year-on-year decline of 16.1%. Sales have continued to decline since 2016, with an average decline of 15%. In the first quarter of 2016, crane sales were 3,814 units, a significant year-on-year increase of 110.4%. In April, monthly sales reached 1,767 units, a year-on-year increase of 80.5% and a month-on-month increase of 39.6%, marking seven consecutive months of year-on-year positive growth. This growth was foreseeable after the excavator market showed a clear warming trend in the third quarter of 2016. Excavators, as a leading indicator of the recovery of the engineering machinery industry, showed a warming trend in sales data. We predict that the sales of cranes and concrete machinery will increase sequentially, with a time lag of approximately one to six months. Therefore, we expect crane sales to increase by more than 30% in 2020.
Data shows that the downstream applications of reducers mainly include lifting and transportation, cement building materials, heavy mining, metallurgy, and aerospace, covering various fields of the national economy and national defense industry. Among them, the proportion of reducers used in the lifting and transportation industry is 24.76%, the cement building materials industry accounts for 15.25%, and the heavy mining industry accounts for 9.88%.
The "2018-2025 China Reducer Industry Status Research Analysis and Market Forecast Report" is based on years of research and investigation by the reducer project research team, combining the current status and future trends of China's reducer industry. Relying on national authoritative data support and first-hand survey data, the report conducts a comprehensive and detailed analysis of the current situation and trends of the reducer industry, using quantitative and qualitative scientific research methods.
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