Global and China Industrial Robot Speed Reducer Market Report, 2020-2026: China-Made Reducers Shared Around 30% of the Local Market, While the Remaining 70% Went to Foreign Brands
DUBLIN, April 7, 2021 /PRNewswire/ -- The "Global and China Industrial Robot Speed Reducer Industry Report, 2020-2026" report has been added to ResearchAndMarkets.com's offering.
Chinese brands are late starters being left far behind their leading foreign peers in key parameters of products including service life, reliability, stability, noise and heat.
In 2019, China-made reducers shared around 30% of the local market, while the remaining 70% went to foreign brands.
In recent years, some Chinese competitors like Leader Harmonious Drive Systems Co., Ltd., Zhejiang Shuanghuan Driveline Co., Ltd. and Nantong Zhenkang Welding Electromachinery Co., Ltd. have achieved mass production and gained growing acceptance.
Its nearly 1,000 customers cover famous robot manufacturers in China like SIASUN Robot & Automation Co., Ltd., EFORT Intelligent Equipment Co., Ltd. and Shanghai STEP Electric Corporation. Its products have found their way into ABB's supply system, with annual capacity of 90,000 units. In 2020, the company launched an IPO with a plan to raise RMB630 million for 500,000 units/year Precision Harmonic Reducers Project.
At the end of 2019, the company lavished RMB312 million in the industrial robot RV reducer industrialization project in a bid the production capacity up to 60,000 sets of industrial robot RV reducer, and with a plan to build the annual cpacity of 100,000 sets in 2020.
Nantong Zhenkang Welding Electromachinery Co., Ltd, established in 1993, began production of Zhenkang RV reducers in 2015 and became an early competitor in robot-used RV reducer field. It successfully developed the RV reducers for 300Kg-below robots, including 18 products in RV-E, RV-C and RD series.
The company has boasted 300 robot manufacturers as its customers and has been selected by such Chinese robot producers as EFFORT, Kaierda, and Honyen Robot in their production. Nantong Zhenkang is capable of producing 30,000 sets annually.
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