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Bearing Industry Development
- Sep 14, 2018 -

Bearings are important basic components of all kinds of mechanical equipment. Its accuracy, performance, longevity and reliability play a decisive role in the accuracy, performance, life and reliability of the main engine. In mechanical products, bearings are high-precision products, which not only require comprehensive support of many disciplines such as mathematics and physics, but also require materials science, heat treatment technology, precision machining and measurement technology, numerical control technology and effective numerical methods and powerful computers. Technology and many other disciplines serve it, so the bearing is a product that represents the country's scientific and technological strength.

After the outbreak of the international financial crisis in 2008, the state adopted a proactive fiscal policy of increasing infrastructure investment and stimulating economic development in response to the financial crisis. Benefiting from the development of related industries, the production and sales of bearings have expanded rapidly, the profit level has been improved, and the industry has accelerated significantly. According to the data from the Prospective Industry Research Institute's “China Bearing Manufacturing Industry Production and Sales Demand Forecast and Transformation and Upgrade Analysis Report”, in 2011, China's bearing manufacturing industry scale (annual sales income of more than 20 million yuan) has a total of 1,416 enterprises, achieving industrialization throughout the year. The total output value was 193.21 billion yuan, a year-on-year increase of 27.59%; the sales income was 191.907 billion yuan, a year-on-year increase of 30.30%; the total profit was 12.523 billion yuan, an increase of 26.54% over the previous year.

During the "Twelfth Five-Year Plan" period, the effects of national macroeconomic policies will continue to show, domestic economic growth will remain strong, the international market will also slowly recover, and the momentum of economic stabilization will gradually increase. The development of the national economy will boost investment in infrastructure construction, and promote the development of metallurgy, electric power, construction machinery, building materials, energy and other industries. At the same time, the country has introduced ten major industrial revitalization plans for the automotive, aerospace, machine tools, wind power and other industries. Development provides policy support, and the demand for bearings in these industries will gradually expand. In addition, the country's emphasis on equipment manufacturing and the trend of bearing localization are increasingly obvious, China's bearing market will usher in a broader space for development. At the same time, with the development of China's bearing mainframe industry, the product structure of the bushing will change, the proportion of its high-end products in the product will increase, and the unit price of sales will also increase. It is expected that by 2015, China's bearing output is expected to exceed 28 billion. The main business income is expected to reach 210 billion yuan, becoming the world's largest bearing production and sales base.

With the increasing competition in the bearing manufacturing industry, M&A integration and capital operation among large bearing manufacturing enterprises are becoming more and more frequent. Domestic excellent bearing manufacturers are paying more and more attention to the research of the industrial market, especially for the industrial development environment and product buyers. In-depth study. Because of this, a large number of domestic excellent bearing manufacturing brands have risen rapidly and gradually become the leader in the bearing manufacturing industry!