Gear, transmission and drive parts refer to mechanical transmission device like basic parts and articulated chain used to transmit power, achieve mechanical conveying and hoist heavy objects. They play a very important role of transmitting power, achieving conveying and adjusting torque in numerous industrial equipment like machine tool, automobile, engineering machinery, agricultural machinery and construction machinery.

Gear, transmission and drive parts can be divided into three big categories: gear drive parts, chain drive device and other drive fasteners. As an intermediate link between power source and operation device, drive equipment's precision, stability, service life and vibration noise will all have a direct impact on the ultimate quality of mechanical products.

China's increasingly progressive industrialization has brought a fast development of machine building industry and a great progress of manufacturing industry of gear, transmission and drive parts. In 2007, China has a total number of 887 companies above designated size (with annual sales revenue over five million yuan) in the gear, transmission and drive part manufacturing industry with a combined output value of CNY49.77 billion.

From January to May 2007, the total industrial output value of China's gear, transmission and drive part manufacturing industry amounted to CNY17.91 billion, the accumulated sales revenue reached CNY17.39 billion and the accumulated profit hit CNY1 billion, up 31.79%, 33.26% and 37.62% year on year respectively.

At present, homemade products occupy the majority of low-end product market. As for the medium- and high-end products, foreign-invested companies take up a big proportion in the market. Foreign-invested companies continuously increase their investment in the Chinese market by virtue of their advanced technology and sufficient capital, which will make local producers exposed to increasingly fierce market competition. However, with increasingly improved R&D capability of local producers, they hold a positive attitude towards this increasingly fierce competition.

Based on the authoritative statistics from the National Bureau of Statistics, the General Administration of Customs, China Machinery Industry Association and some related industry associations, this report makes an in-depth analysis on the production, sales, market conditions, industry structure, products and import & export of China's gear, transmission and drive part manufacturing industry and also makes forecasts on the development trend of the industry by taking reference to the development trend of related industries.