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Research and Markets Development of The Chinese Market for Gears

March 5, 2005 -- Research and Markets (http://www.researchandmarkets.com/reports/c13502) has announced the addition of Chinese Markets for Gears to their offering.



China's demand for gears has grown at a fast pace in the past decade. In the next five years, both production and demand will continue to grow.



China's increasing demand for gears was stimulated by its two-decade high economic growth, especially the rising demand in automobile and machinery & equipment industries. China's machinery and equipment industry will remain the second largest market for gears in the foreseeable future. Since 1990, the country's gear consumption has been growing 9.1% annually. The total gear demand reached nearly 2.5 billion yuan in 2000 and it will grow 9.4% per annum to 3.9 billion yuan in the year 2005.



In the last decade, the gear production in China had been grown at 9.5% per year. The output reached 2.5 billion yuan in 2000. It is forecast that the gear production in China will exceed 3.9 billion yuan in 2005 and 5.8 billion-yuan in 2010.



To meet the domestic demand, China imported 516 million yuan (66.2 million US dollars) of gear and gear products in 2000, accounting for about 2.1% of the total gear consumption in China. The country is a key exporter of gears and gear products in the world. In 2000, the export value was 763 million yuan (91.9 million US dollars). Through the early 21st century, China's foreign trade of gears will continue to develop.



The report introduced China's macroeconomic trends, business environment, gears industry structure and capacity, production and demand, major producers, potential entrants, distribution channels and major industry participants. It included outlook for major gear productions. Tables and charts are contained in the report. Key producers are listed and profiled. Major trading companies and research institutes are also listed and /or profiled.



Historical data (1990, 1995 and 2000) and long-term forecasts through 2005 and 2010 are presented.



For more information visit http://www.researchandmarkets.com/reports/c13502



Laura Wood

Senior Manager

Research and Markets

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