Development Trend of Bearing Industry in China

Since the founding of New China, China has made great achievements in the field of bearing industry. However, with the continuous development of science and technology and industrial modernization, the requirements for bearing products in different application fields are also getting higher and higher. Whether in terms of new product R&D capability, product quality level, or production process level, compared with major bearing producing countries in the world, China's bearing industry strength still has a big gap, and it is not a powerful bearing industry.

In recent years, world famous enterprises have also entered the Chinese bearing market and established transnational production bases, such as Swedish Group, Timken Company of the United States, Schaeffler Group of Germany, and Japanese companies. Under the strategic map of global operation, these companies have expanded global manufacturing and developed fierce competition with domestic bearing enterprises by virtue of their great advantages in influential brands, production equipment, technology, capital strength and production scale. The existing bearing processing enterprises in China are mainly engaged in the production of general bearings. There are few manufacturers that can manufacture special and high-end bearings. They lack technical level and brand influence. In, the export volume of high-tech high-end products such as tapered roller bearings, spherical roller bearings and cylindrical roller bearings with high technology content and added value accounted for less than 100 million US dollars in foreign exchange earnings from bearing exports. Most of them were products with relatively low technology content.

In recent years, China has exported billion sets of bearings, earned billion US dollars in foreign exchange, imported billion sets of bearings, used billion US dollars in foreign exchange, and had an import and export deficit of billion US dollars. In, the total profit of the bearing industry in China was billion yuan, a sharp decrease in the total inventory of bearing products from billion yuan in the same period of last year to billion yuan, an increase. The core technology of China's bearing industry is lacking, and the development of high-end bearings is difficult. The small and medium-sized bearing industry cannot meet the basic production demand due to the problem of capital turnover, and the demand of the bearing market is also shrinking significantly. If domestic bearing processing enterprises want to compete with foreign advanced bearing brands, or even catch up with them, they still need to experience a long way of development in terms of technological innovation and process improvement. According to the current situation of China's mechanical and electrical industry and the requirements of the main engine industry, the development of the bearing industry should gradually change from the capacity model to the quality benefit model.