Gear reducers, transmission and drive components are one of the most basic components in mechanical equipment, and there are numerous enterprises in various countries producing gear reducer components. In foreign countries, the production of transmission and drive parts is mainly focused on specialization, and the general scale of enterprises is small to medium-sized, with personnel ranging from tens to hundreds; There are also many companies that are global, with their production, sales, and service outlets in various countries around the world; Other transmission and drive parts companies are part of large group companies. China has now become one of the world's major producers of transmission and drive components, but mainly focuses on mid to low-end products. At present, the countries or regions with the largest global market share for transmission and drive components are Germany, North America, Japan, South Korea, as well as some European countries such as Italy and France, as well as China.

The rapid development of China's national economy and the adjustment of industrial structure in developed countries abroad have brought development opportunities to the reducer, transmission, and drive component industries in China. The increasing demand from domestic and foreign markets has driven the rapid development of the entire industry, resulting in a rapid increase in industry production capacity and a significant increase in total production volume.