Analysis of Development Status and Future Development of Bearing Industry

Bearings are key components in the equipment manufacturing industry. The performance, quality and reliability of mechanical equipment depend on the performance of the bearings. After many years of development, China's bearing industry has already reached a considerable scale of production and production technology. At present, China's bearing industry has an annual output value of 130 billion yuan, ranking third in the world.

With continued economic growth and the increase in investment in fixed assets of many developed countries in the world, bearing markets will experience new growth trends. In 2011, China's bearing industry exported 4.9 billion sets of bearings, amounting to US$4.5 billion, an increase of 18.2% and 36.6% year-on-year respectively, and 1.88 billion sets of imported bearings, amounting to US$4.17 billion, which was a year-on-year increase of 4.6% and 9.4% respectively, and the entire industry realized a trade surplus. 330 million U.S. dollars, freed from the situation of import and export deficits for two consecutive years since 2009.

Shangpu consulting machinery industry analysts believe that although the development of China's bearing industry has achieved certain results, but the current problems can not be ignored, in which the most prominent issue is the excess production capacity of low-end products, while high-end products also have to Relying on imports, the development of high-end bearings is seriously out of line with the development of China's machinery and equipment industry.

In 2012, with the further increase of uncertainties in the domestic bearing market, the preliminary effects of transformation, upgrading and restructuring of some enterprises in the industry, especially large-scale backbone enterprises, have begun to show. This year, with the increase of negative factors in the business environment of the company, the demand for many host industries is insufficient, and the company's orders are less than half of the previous ones. The operating rate is seriously insufficient. The start-up of some new or expanded projects has made the original market of ordinary products with excess capacity more competitive, which has directly threatened the survival of enterprises.

According to the “2011-2016 China Bearing Market Research Report” issued by Champion Consulting, the development plans for the “Twelfth Five-Year Plan” that has been issued clearly stated that the country will play a guiding role in industrial policies based on the backward development of high-end bearings in China. Supports the development of the bearing industry. In 2012, although China's bearing industry exports will not continue to increase as high as last year, the pace of development will not be much reduced. It is expected that the annual foreign exchange earnings from bearing exports will remain around 15%.

Second, the main issues affecting the development of the industry First, the current production capacity of the bearing industry, the rapid development of scale, but the industry's technological progress is relatively slow. Outstanding performance in the technical level can not keep up with the needs of the host development, especially the bearing life and reliability can not meet the requirements of the development of the machine.

Second, the degree of concentration of the industry is not high, a single bearing company is neither strong nor large. In short, China's bearing industry, technology, and economy are all lacking in competitiveness and risk resistance.

Third, domestic companies have weak brand awareness and lack proprietary intellectual property rights. The world-famous bearing company has experienced three stages of capacity expansion - technology expansion - brand expansion since its development from small to large. However, bearing enterprises in China are still at the stage of capacity expansion as a whole, and lack proprietary intellectual property products and brands. effect.

Third, the main countermeasures to promote the development of the industry "Tenth Five-Year Plan" for China's bearing industry from a big producer country to the world to lay a strong foundation for further bearing the country, but this is a long-term strategic task, the main countermeasures to be taken in the near future are:

The first is to change the way companies operate. In view of the current rapid growth of capacity in the industry and slow progress in technology, enterprises should shift from scale-based to quality-effective, and increase product accuracy while stabilizing capacity growth. Performance, longevity, and reliability are the main goals. Actively adjust the product structure and increase the proportion of high-precision, high-performance, and high-value-added bearing products to meet the rapid development of the host.

The second is to continue to advance the adjustment of the industrial organization structure and unswervingly follow the group development path. Enterprises through mergers and acquisitions, asset restructuring and other forms to improve the industry's concentration. The "Eleventh Five-Year Plan" industry groups and small giants are building faster.

The third is to vigorously promote the brand strategy. In order to improve the competitiveness of China's bearing products as soon as possible, the leap-forward development should be implemented simultaneously for the “three expansion phases”, while the technological expansion and product expansion should be highlighted in the near future. By 2010, China will strive to have 10 to 20 bearing companies' products reach the international advanced level.