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Analysis on the Upgrade, Innovation and Sales Recovery of China's Bearing Industry - Reprint

2018-08-29


Affected by the international financial crisis and domestic macroeconomic adjustments in recent years, the domestic machine tool industry has entered a period of overall transformation. With the support of favorable national policies, domestic machine tool enterprises actively self rescue and innovate independently, gradually leading to the recovery of the machine tool industry. The machine tool industry, with bearings as a typical example, has risen against the trend and gained new development opportunities in a sluggish market environment.

 

Looking at the domestic market, the increasing uncertainty in economic performance last year has brought new challenges and opportunities to the bearing industry. China will continue to increase investment in infrastructure construction, and bearing related industries such as steel, automobiles, and home appliances are also facing new opportunities for development. At the same time, with the improvement of living standards, the development of the automotive industry has also driven the development of automotive bearings. The demand for bearings in the future will experience stable growth, and the bearing industry will usher in a period of sustained development.

 

With the development of the market, users have increasingly high requirements for the accuracy, performance, service life, and variety diversity of bearing products. They are no longer satisfied with the requirements for general general bearings, but have turned to demand products with high accuracy, low noise, and long service life. Although the development of the bearing industry has increased, there is still a significant gap compared to the world's leading bearing industry countries, mainly manifested in the low proportion of high-precision, high-tech, and high value-added bearing products. Reflected in the market, our demand for high-quality bearings relies on imports to meet it.

 

Through a series of independent innovation reforms, bearing enterprises have improved the technological level, reliability, and stability of the bearing industry to a certain extent. Moreover, in the future sales process, the important main supporting markets will still be controlled by these enterprises; With the slowing of foreign trade and the active driving force of domestic demand, some electric tool bearing markets will shift to domestic enterprises, and imported bearings will decline.

 

Domestic bearing enterprises are accelerating product upgrades to seize domestic and international markets with more complete varieties, higher quality, and more advantageous prices, further increasing their market share in the premium bearing market. The domestic bearing industry has withstood the test of the market, seized opportunities in adversity, turned impact into the driving force of technological upgrading, and steadily increased industry sales.

 

嘉兴市大宇机电有限公司

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