Bearing industry sales will reach 222 billion Yuan until the 2015 year

In the context of the complex and volatile international political and economic situation, the bearing industry after experienced rapid growth, last year emerged from high to low state. The whole industry went into a structural adjustment and return to the rational stage.

The bearing is important and critical infrastructure components in the equipment manufacturing industry, directly determines the performance of major equipment and a host of products, quality and reliability, known as "heart" components of equipment manufacturing. After year’s development, China's bearing industry has formed a considerable scale. Output of National bearing industry in the 2010 is about 130 billion yuan, ranking third in the world. Although the scale of development in China's bearing industry is very large, but most are concentrated in the low-end.

Offers reported release “the Chinese bearing industry research and market outlook report 2012-2016 data” show that: in the first half of 2012, the National Rolling output reached 8.375 billion, an increase of 7.21%. In June, production of rolling bearing reached 1.738 billion, an increase of 9.35%.

From point of view of the production provinces and cities, in the first half of 2012, Jiangsu Province Rolling yield reached 2.986 billion, an increase of 6.96%, accounting for 35.65 percent of the country's total output. Followed by Zhejiang, Shandong and Shanghai, accounted for 29.42% of the total output of 11.16% and 7.75% respectively.

”Mechanical basis, the basis of the manufacturing process and the basic materials industry "12th Five-Year" development plan " clearly point out Bearing parts and other mechanical basis with strong leading, large high-speed, precision, heavy duty as the focus of the" 12th Five-Year Development industry, as the main direction in order to improve performance, reliability and life, and strive to reach or approach international advanced level."Planning" also pointed out that under the support policy, until 2015, bearing industry sales will reach 222 billion yuan, the industry average annual growth rate is going to between 12% -15%, including high-speed, precision, heavy bearings of the growth rate will be faster ever.

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