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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China Will Become The World's Largest Bearing Production And Sales Base

After international financial crisis in 2008, to meet the financial crisis China has taken a proactive fiscal policy to increase infrastructure investment, stimulating economic development. Benefit from the development of related industries, production and marketing of bearings rapidly expanding, the profit level is improved which speed up the development of the industry. China's bearing industry in 2010 achieved sales income of 151.969 billion Yuan, an increase of 39.45%; industrial output value is of 151.434 billion Yuan, an increase of 38.04%; total profit 9.812 billion Yuan, an increase of 69.37%.

   Released by the Institute of forward-looking “industry demand for 2012-2016 bearing manufacturing industry production and sales forecast and the transformation and upgrading of the analysis report "shows in recent years, the world-renowned enterprises have entered the Chinese bearing market, and set up production bases, such as the SKF Group in Sweden, Germany Scotia Forde Group, The Timken Company, Japan NSK, NTN companies. These companies not only operate globally, and global manufacturing. By virtue of their brand, equipment, technology, capital and production scale advantage, engaged in a fierce competition with domestic enterprises bearing.

        At present, China enterprises mainly engaged in the general bearing of production, less dedicated and high-end bearing manufacturers, technology is not mature. Therefore, in order to competition with foreign advanced bearing brand China enterprise also need experience in technology and other aspects.

   "12th Five-Year" period, the effect of national macroeconomic policies will continue to appear. Maintain strong domestic economic growth, international markets will be recovery slowly. Economic stabilization and recovery momentum is gradually enhanced. The development of the national economy will boost investment in infrastructure, thereby promoting the development of metallurgy, electricity, construction machinery, building materials, energy and other industries. China has adopted the revitalization plan for policy support ten industrial, automotive, aerospace, machine tools, wind power and other industries, the Bearing parts demand of these industries will be gradually expanded obvious.

        In addition, China government putting attention on bearing market in China will bring in a broader space for development.
          Prospective Industrial Institute for bearing manufacturing industry research group analysts believe that with the development of the industry of China bearing, the proportion of its high-end products and then the selling price will increase as well. Expected to by 2015, China's bearing production is expected to more than 22 billion units, with sales expected to more than 350 billion Yuan, becoming the world's largest bearing production and sales base

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