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Under Intelligent Era, the Rapid Development of the Robot Industry Has Driven the Development of Reducers Industry

Harmonic gear reducer is a kind of speed reduction device, which is widely used in aviation, aerospace, energy, navigation, shipbuilding, bionic equipment, common ordnance, machine bed, electronic equipment, mining and metallurgy, transportation, lifting equipment, petrochemical equipment, Textile equipment, agricultural equipment, and medical equipment. A rotate vector (RV) reducer is a type of speed reducer which forms the core component of most advanced robots. Compared to other gear reducers, it has higher precision, better reliability, increased efficiency, and is smaller in size. RD reducer is RV Improved series of closed structure of reducer.

The precision harmonic reducer is one of the three core components of the robot. Robots are a strategic emerging industry. With the commercial application of new technologies such as cloud technology, artificial intelligence, and 5G technology, the difficulty of Robot application is greatly reduced. In the future, Robots will achieve more functions. The development of the medical equipment industry is closely related to the overall development of the medical and health industry, which is relatively stable and relatively less affected by macroeconomic cycle factors. As the global population is aging and the total population continues to grow, the needs of the medical and health industry continue to increase. In addition, the social medical service system in developing countries continues to improve, and the consumption level of residents has increased. In the long run, the global medical device market will continue to grow. The transmission of CNC machine tools comes from servo motors. With the advancement of industrial technology, motors have been innovating in the direction of precision, high efficiency, and simple control. However, due to the machining of the machine tool itself, the conditions of the load feed system are quite different, and an additional reducer is needed to increase the torque and improve the inertia matching at the load end. Based on the characteristics of small size, high precision and high transmission efficiency of the harmonic reducer. In the production and manufacturing of high-end CNC machine tools, harmonic reducers have gradually been used to replace some electric drive components to reduce the load on the servo motor of CNC machine tools, reduce mechanical failure rate, improve precision, and increase mechanical life.

Under Intelligent Era, the Rapid Development of the Robot Industry Has Driven the Development of Reducers Industry

China was the largest revenue market with a market share of 33.92% in 2015 and 38.06% in 2020 with an increase of 4.14%. Europe ranked the second market with the market share of 20.36% in 2019. Harmonic Drive Precision Strain Wave Reducer Gearboxes and RV and RD Reducers companies are mainly from Asia; the industry concentrate rate is very high. The top three companies are Nabtesco, Harmonic Drive and Sumitomo Heavy Industries with the revenue market share of 35.29%, 12.65% and 9.50% in 2019.

In recent years, under the influence of factors such as increasing labor productivity and accelerating technological innovation, the global manufacturing landscape is changing. The global increase in labor costs and the acceleration of the transformation and upgrading of the manufacturing industry have made all countries step up the implementation of smart manufacturing and automated production plans. The deep integration of a new generation of information technology and manufacturing is triggering far-reaching industrial changes, forming new production methods, industrial forms, business models and economic growth points. In terms of manufacturing methods, intelligent manufacturing based on cyber-physical systems, such as smart equipment and smart factories, is leading new changes. Robots, high-end CNC machine tools and other equipment, as carriers of smart manufacturing and digital factories, have become important drivers of economic growth in various countries. In the context of Industry 4.0, countries and regions represented by the United States, Japan, and Germany attach great importance to promoting the development of the robotics industry, and have achieved high industry concentration and market share by virtue of their technological first-mover advantages. In recent years, the global Robot industry has maintained rapid development. According to IFR statistics, the global sales of Robots reached 422,000 units in 2018, a year-on year increase of 6%, and sales reached $16.5 billion, a year-onyear increase of 7.14%. Driven by this, as the core component of Robots, the precision reducer market ushered in rapid development.

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Downstream Market and Technological Development Will Drive the Growth of Industry

According to our research, the global Harmonic Drive Precision Strain Wave Reducer Gearboxes and RV and RD Reducers market has a total sales value of 1225.06 M USD back in 2015, and increased to 1558.17 M USD in 2020. We made a series of functional calculation and deduced the data of past 5 years with scientific model. Finally, we made the prediction that the value of Harmonic Drive Precision Strain Wave Reducer Gearboxes and RV and RD Reducers markets can be 4894.31 M USD by 2025. The CAGR of Harmonic Drive Precision Strain Wave Reducer Gearboxes and RV and RD Reducers is 25.72% from 2020 to 2025.

Since the 21st century, as the working-age population has been declining year by year and the demographic dividend has gradually disappeared, structural shortages of labor and rising labor costs have become problems that hinder the development of manufacturing in many areas in China. In recent years, the situation of overcapacity in many industries has intensified, prompting the national level to continuously deepen supply-side reforms, resolve low-end excess capacity, accelerate industrial upgrading and reform, and strive to enhance the competitiveness of high-end equipment manufacturing industries. As a typical representative of high-end equipment manufacturing capabilities, Robots have gradually shown their replacement role for manual workers, and their production efficiency, stability, and accuracy have gradually been recognized. At present, China has become one of the largest markets for Robots. Robots, as terminal equipment for automated production, play a vital role in manufacturing upgrades. (Made in China 2025) clarifies the development direction of manufacturing upgrade, and Robots are the top priority. With industrial policy of China for smart manufacturing upgrades and the growth of demand from downstream industries, it is expected that by 2025, key areas of manufacturing industry of China will be fully intelligent, and key positions will be replaced by robots. At the same time, as the price of Robots drops, performance increases, and application areas expand, the Robot industry will continue to maintain a momentum of rapid growth, which will drive the development of related upstream markets.

As the core components of high-end equipment such as Robots and automation equipment, precision reducers are closely related to the scale of fixed asset investment in the manufacturing industry and the growth of the national economy. With the continuous growth of economy, the gross production value and fixed asset investment have been increasing year by year, and many downstream areas have shown a rapid growth trend, driving the market scale of the precision reducer industry. Driven by downstream demand and the support of national industrial policies, the overall industry demand will continue to rise in the future. At the same time, with the increasing maturity of technology, precision reducers have increasingly embodied high precision, high rigidity, high load, high transmission efficiency, high speed ratio, high life, low inertia, low vibration, low noise, low temperature rise, and structure Lightweight, easy to install and many other advantages, its application fields will be expanded from the field of Robots to many fields such as CNC machine tools, aerospace, medical equipment, new energy, etc., with broad development prospects.

Precision reducer is the core component of high-end equipment including robots, which represents the top level of precision transmission technology and core components of robots. With the continuous development of high-end equipment manufacturing industries such as Robots and CNC machine tools, new application scenarios are emerging in endlessly, and the market space will continue to expand. The R&D and design threshold of the harmonic reducer is high, the process flow is complicated, the capital investment is large, the product category is large, and the technology iteration speed is fast. In order to adapt to the new applications and rapid development of the market, the company needs to continuously upgrade and update existing products and develop new technologies and new products according to the trend of technological development and the needs of downstream customers, so as to maintain technological advancement and product competitiveness. However, due to the long basic R&D cycle of harmonic reducer products, the industrialization of R&D achievements has a certain degree of uncertainty. If the product development progress fails to meet expectations, the company will face the risk of product iteration, and the early R&D investment will not be recovered.

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