Development trend of China's bearing industry

2021-06-26 17:11

Since the founding of New China, my country has made great achievements in the bearing industry. However, with the continuous development of science and technology and industrial modernization, the requirements for bearing products in different application fields are getting higher and higher. Whether in terms of new product research and development capabilities, product quality levels, or production technology levels, compared with the world's major bearing producing countries, my country's bearing industry strength still has a large gap, and it is not a strong country in the bearing industry.

       In recent years, world-renowned companies have also entered the Chinese bearing market and established multinational production bases, such as the Swedish Group, the Timken Company of the United States, the Schaeffler Group of Germany, and Japanese companies. Under the strategic territory of global operation, these companies have expanded global manufacturing. With their great advantages in influential brands, production equipment, technology, capital strength and production scale, they have competed fiercely with domestic bearing companies. The existing bearing processing enterprises in my country are mainly engaged in the production of general-purpose bearings, and there are few production enterprises capable of manufacturing special and high-end bearings, lack of technical level, and insufficient brand influence. In the annual foreign exchange earnings of my country’s bearing exports, the export value of technology-intensive high-end products such as tapered roller bearings, spherical roller bearings and cylindrical roller bearings with high technical content and high added value accounted for less than most of the total export earnings. They are all products with relatively low technical content.

       In recent years, my country has exported a total of 100 million sets of bearings, earned billions of dollars in foreign exchange, and imported a total of 100 million sets of bearings. In 2015, the total profit realized by my country's bearing industry was 100 million yuan, a sharp drop compared to the previous year. The total inventory of bearing products also increased from 100 million yuan in the same period last year to 100 million yuan. China's bearing industry lacks core technology, and the development of high-end bearings is struggling. The small and medium-sized bearing industry cannot meet the basic production needs due to the problem of capital turnover, and the bearing market demand is also shrinking sharply. If domestic bearing processing enterprises want to compete with foreign advanced bearing brands, or even catch up, they need to go through a long period of development in terms of technological innovation and process improvement. According to the status quo of my country's electromechanical industry and the requirements of the host industry, the development of the bearing industry must be gradually transformed from a production-scale type to a quality-benefit type.