Gear
China's gear industry has developed rapidly during the "Tenth Five-Year Plan": the annual output value of the gear industry increased from 24 billion yuan in 2000 to 68.3 billion yuan in 2005, with a compound annual growth rate of 23.27%, and has become a large scale industry in China's mechanical infrastructure. In terms of market demand and production scale, China's gear industry has overtaken Italy in the global ranking, ranking fourth in the world.
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China's gear industry has developed rapidly during the "Tenth Five-Year Plan": the annual output value of the gear industry increased from 24 billion yuan in 2000 to 68.3 billion yuan in 2005, with a compound annual growth rate of 23.27%, and has become a large scale industry in China's mechanical infrastructure. In terms of market demand and production scale, China's gear industry has overtaken Italy in the global ranking, ranking fourth in the world.
In 2006, China all gear, transmission and drive components manufacturing enterprises to achieve a cumulative industrial output value of 102,628,183 thousand yuan, an increase of 24.15% over the same period last year; to achieve cumulative product sales revenue of 98,238,240 thousand yuan, an increase of 24.37% over the same period last year; to achieve cumulative total profit of 56,652,210 thousand yuan, an increase of 26.85% over the same period last year.
From January to December 2007, all the gear, transmission and drive components manufacturing enterprises in China achieved a cumulative total industrial output value of $13,654,2841,000, an increase of 30.96% over the same period of the previous year; from January to October 2008, all the gear, transmission and drive components manufacturing enterprises in China achieved a cumulative total industrial output value of $14,452,9138,000, an increase of 32.92% over the same period of the previous year.
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