Cost ratio of reducer

The supply of core components is an important support for the future large-scale development of the robot industry. The three core components of humanoid robots include reducers, servo systems and controllers. Among them, the reducer determines the accuracy and load of the humanoid robot to a certain extent. It is one of the most important parts of the humanoid robot, accounting for about 36% of the cost of the humanoid robot.

China's reducer market size

In recent years, with the support of national industrial policies and the continuous growth of downstream market demand, the scale of my country's reducer market has shown continued growth. The "2022-2027 Global and Chinese Industrial Robot Reducer Industry Research Report" released by the China Business Industry Research Institute shows that the market size of China's reducer industry will reach 132.1 billion yuan in 2022, a year-on-year increase of 5.01%. Analysts from the China Business Industry Research Institute predict that China's reducer market will grow to 138.7 billion yuan in 2023.

Precision reducer market situation

Precision reducers determine the accuracy and load of intelligent robots to a certain extent and are one of the core components of intelligent robots. Precision reducers mainly include harmonic reducers, RV reducers, precision planetary reducers, cycloidal pinwheel reducers, Filter reducer, etc.

Harmonic reducers are mainly suitable for robot arms such as forearms and wrists with light loads. Such robots are mostly used in downstream fields such as 3C and consumption, so the demand is large. The "2023 Global and Chinese Market Main Reducer In-Depth Research Report" released by the China Business Industry Research Institute shows that my country's harmonic reducer market size will be approximately 2.1 billion yuan in 2022. Analysts from the China Business Industry Research Institute predict that China's harmonic reducer market size will be about 2.1 billion yuan in 2025. The reducer market size is expected to exceed 3 billion yuan.

Distribution of downstream application fields of reducer

The development of precision reducers in my country is relatively late. Harmonic transmission technology was introduced into our country in the early 1960s. It was initially mainly used in the military and aerospace fields. Later, it was gradually widely used in lifting and transportation, cement building materials, robots, heavy mining, metallurgy, and electric power. and many other fields. Among them, lifting and transportation, cement building materials, and CNC machine tools are the top three application markets, accounting for 25%, 15%, and 11% of the market respectively.

Industry market competition pattern

In 2022, in the competitive landscape of my country's harmonic reducer market, Hamonoko has the largest market share, accounting for 38%, followed by Green's harmonic market share with 26%. At present, the market share of domestic brands in my country continues to increase, and domestic harmonic reducers can basically achieve domestic substitution. The gap with overseas brands in terms of reduction ratio, output speed, transmission accuracy, etc. has been significantly narrowed.