Domestic substitution is in full swing, and the advantages of domestic enterprises are cost-effective and service

The technical barrier of harmonic reducer is high, and it has a strong moat in basic materials, design, processing technology and processing equipment. As a technology-intensive industry, first-entrants have first-mover advantages based on their process technology and processing experience.

In the 50 years since its inception, Hamenaco has continuously invested and accumulated in products and technologies, achieved continuous breakthroughs in technology, and cast high barriers in the industry. From the current international market pattern analysis, most of the global market share is still occupied by Japanese enterprises.

However, it needs to be noted that the development of China’s harmonic reducer industry has been delayed for nearly 50 years compared with Japan, and the current market pattern does not represent the future direction of development, and mastering the core technology is the key to the future competition in the field of harmonic reducer.

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According to MIR data, benefiting from the high prosperity of downstream industrial robots and other industries, domestic harmonic and RV reducer sales have increased from 543,000 units in 2019 to 1.263 million units in 22 years, with a CAGR of 32.5% during the period, and it is expected that it will continue to grow at a CAGR of 16.8% in 23-25 years to more than 2 million units. In terms of structure, industrial robots are the largest application field of retarders, accounting for 79.7% in 2022.

Product cost performance and service are currently the main advantages of domestic harmonic reducer. From the product type point of view, domestic harmonic reducer has emerged such as green harmonic, Raffles and other high-quality manufacturers, only green harmonic has reached 25% of the market share.

Thanks to the drive of green harmonics and double-ring drives, the localization rate of the domestic reducer market has continued to increase in recent years, and domestic substitution can be basically achieved. Since Green Harmonics took the lead in breaking the monopoly of international brands on harmonic reducers and achieving large-scale production, other domestic enterprises are also in a state of rapid catch-up, and the share of domestic brands in the domestic market is also continuing to expand.

Conclusion and future

With the hot concept of humanoid robots, many companies outside the industry are actively laying out the field of reducers and robots, and focusing on the development opportunities of the humanoid robot market. It is foreseeable that these entrants, with their strong product force and deep customer base, will give the domestic harmonic reducer market a more benign development environment and strong development confidence.