Bearing output will exceed 28 billion sets in 2015

Bearings are a critical component in contemporary machinery and equipment. Its main function is to support the mechanical rotating body to reduce the mechanical load friction coefficient of the equipment during the transmission process. In mechanical products, bearings are high-precision products that not only require the comprehensive support of mathematics, physics, and many other subject theories, but also need materials science, heat treatment technology, precision machining and measurement technology, numerical control technology and effective numerical methods and powerful computers. Many disciplines such as technology serve it, so the bearing is also a product that represents the country's scientific and technological strength.

According to the data from the Industry Research Group of the Industry Research Institute of Forward Looking Industries, there were 1,416 companies in the scale of China's bearing manufacturing industry (annual sales revenue of more than RMB 20 million) in 2011. The total industrial output value of the year was 193.211 billion yuan, a year-on-year increase of 27.59%. Revenue was 1,910.97 billion yuan, an increase of 30.30% year-on-year; total profit was 12.523 billion yuan, an increase of 26.54% over the previous year. The annual revenue from the main business of the bearing industry was 142 billion yuan, a year-on-year increase of 20%.

During the 12th Five-Year Plan period, the effects of the country’s macroeconomic policies will continue to show, and the development of the national economy will drive investment in infrastructure construction, which will in turn promote the development of industries such as metallurgy, electric power, construction machinery, building materials, and energy, and the country will introduce the promotion of the top ten industries. Planning will provide policy support for the development of industries such as automobiles, aerospace, machine tools and wind power. The demand for bearings in these industries will also gradually expand. At the same time, with the development of the bearing host industry in China, the product structure of the bushing will change, the proportion of high-end products in the product will increase, and the sales unit price will also increase. It is expected that by 2015, China’s bearing output is expected to exceed 28 billion units. The main business income is expected to reach 210 billion yuan, becoming the largest bearing production and sales base in the world.