Domestic enterprises mainly engage in the production of general-purpose bearings, while there are relatively few producers of special-purpose and high-end bearings, and the technology is still not mature. Therefore, for domestic enterprises to compete with or even surpass advanced foreign bearing brands, they still need to go through a long period of development in terms of technology and other aspects.
After the outbreak of the international financial crisis in 2008, the state adopted an active fiscal policy of increasing investment in infrastructure 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 enhanced, and the industry’s development has significantly accelerated. In 2010, China’s bearing industry achieved sales revenue of 151.969 billion yuan, representing a year-on-year growth of 39.45%. The total industrial output value reached 151.434 billion yuan, increasing by 38.04% year-on-year. The total profit was 9.812 billion yuan, increasing by 69.37% year-on-year.
According to the “2012-2016 China Bearing Manufacturing Industry Production and Sales Demand Forecast and Transformation and Upgrading Analysis Report” released by Qianzhan Industry Research Institute, in recent years, many world-renowned enterprises have entered the Chinese bearing market and established production bases, such as the Swedish SKF Group, the German Schaeffler Group, and the American Timken Company. Japanese companies such as NSK and NTN. These companies not only operate globally but also manufacture globally. Relying on their advantages in brand, equipment, technology, capital and production scale, they have engaged in fierce competition with domestic bearing enterprises.
At present, domestic enterprises mainly engage in the production of general-purpose bearings, while there are relatively few specialized and high-end bearing manufacturers, and the technology is still not mature. Therefore, for domestic enterprises to compete with or even surpass advanced foreign bearing brands, they still need to go through a long period of development in terms of technology and other aspects.
During the 12th Five-Year Plan period, the effects of the country’s macroeconomic policies will continue to be manifested. Domestic economic growth will remain strong, and the international market will also recover slowly. The momentum of economic stabilization and recovery will gradually strengthen. The development of the national economy will drive investment in infrastructure, thereby promoting the growth of industries such as metallurgy, power, construction machinery, building materials, and energy. Meanwhile, the state has issued ten major industrial revitalization plans, providing policy support for the development of industries like automobiles, aerospace, machine tools, and wind power. The demand for bearings in these industries will also gradually expand.
In addition, the country’s emphasis on the equipment manufacturing industry and the increasingly obvious trend of domestic bearing production will usher in a broader development space for China’s bearing market. The bearing manufacturing industry Research team of Qianzhan Industry Research Institute analyzed and believed that with the development of China’s bearing mainframe industry, the product structure of bushings will change. The proportion of high-end products in the total products will increase, and the sales unit price will also rise accordingly. It is expected that by 2015, China’s bearing output will exceed 22 billion sets, and the sales revenue will exceed 350 billion yuan. Become the world’s largest production and sales base for bearings.
China’s bearing industry is currently in a period of transformation from” “Big” To “;” “Strong” The critical stage of transformation. In the face of the gap in the high-end market, only by adhering to innovation-driven development, quality first and brand leadership, and accelerating the upgrading of the industrial structure, can the development goals proposed in the “12th Five-Year Plan” be achieved and we truly become one of the world’s leading bearing powers. In the future, with policy support and the joint efforts of the industry, China’s bearing industry is bound to usher in a new chapter of higher-quality development.
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