Industry Reform And Update Bring The Astonishing Change For China Bearing Parts

The damage of international financial crisis is still affecting every countrys economics

. China adopted a proactive fiscal policy to increase infrastructure investment, stimulate the economy. Benefit from the development of relevant industries, production and sales of bearing expanded rapidly, profit level improved, this is to speed up the development of the industry. Chinese bearing industry in 2010 achieved sales revenue of RMB 151.969 billion with 39.45% growth rate; Industrial output value is 151.434 billion yuan, up 38.04%, a total profit of 9.812 billion yuan, increased up to 69.37%.

Institute published prospect that "industry needs 2012-2016 bearing manufacturing industry production and sales forecast and of the transformation and upgrade of analysis report" shows that in recent years, the world famous enterprise have already entered the bearing market, establish production bases, such as in Sweden, Germany, SKF fjords group, iron will's company, Japan NSK, NTN company. These companies are not only in the global scope operation, but also the global manufacturing. Because of their brand, equipment, technology, capital and production scale advantages, in a fierce competition and domestic enterprise bearing.

At present, as the general bearing high-end bearing manufacturer, China enterprise technique is not mature. Therefore, in order to competition and foreign advanced bearing the brand China enterprise also need in technology, and other aspects of experience.

The influence of the national macroeconomic policy will continue to appear these years. Keep strong domestic economic growth, the international market will slow recovery. Economic stability and recovery momentum is gradually enhanced. The development of national economy will increase infrastructure investment, so as to promote the development of metallurgy, electric power, construction machinery, building materials, energy, etc.

China has adopted the revitalization plan for policy support ten crucial industry, including automotive, aerospace, machine tools, wind power and other industries. As the affiliated part, the Bearing parts demand of these industries will be gradually expanded relatively. In addition, China government putting attention on bearing market in China will bring in a broader space for development.

The future, industry research institute research group bearing manufacturing industry analysts believe that the development of the industry of Chinese bearing, the proportion of high-end product, and the sales price will increase. It is estimated that by 2015, China's bearing parts is expected to more than 22 billion, sales is expected to more than 350 billion yuan, become the world's largest bearing production and sales base.

by: Steven Vegger

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