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2012 China Bearing Industry Development

Precision and Non standard Bearing industry is expected to sell about 15% increase in revenue this year, bearing production will increase 17%. According to introducing, this year the bearing industry operation is "high in earlier period low later," the main results of the industry growth will obtain in the first half.

Association data shows, 1-10 months, key enterprise bearing production increased 12.46% year on year, and the main business income year-on-year growth of 13.78%, bearing business income grew 15.64%, exports increased 25.15% year-on-year revenue, profits up 19.06%.

An association person said, "The development trend of bearing industry will walk into downward trend obviously in the second half of this year, not optimistic." He says, as the current host kit market demand declined obviously, the export market dropped, enterprise stock raised, the management of the enterprise environment develops to the unfavourable direction, the disordered market competition intensifies, the industry development meet major difficulty.

The public figure predicted "the first half of next year, especially quarter the difficulty will be obvious."

Despite the current difficulties are one by one, some industry insiders still keep optimistic vision of the industry and think highly of some bearing series, including Angular Contact Ball Bearings, Spindle bearings and cylindrical roller bearings. The second half of this year, the workers believe industry and information department issued "the bearing development planning: mechanical foundation pieces, basic manufacturing process and basic material industry development industry" and the plan requires bearing industry sales will achieve 222 billion yuan, and the annual increment average rate keep between 12%-15%.

China bearing industry association people made it clear that 2012 China Bearing Manufacturer will focus on strategic new industry and key products, major projects and supporting products to strive for more right.

Tags: Ball, Bearings

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2012 China Bearing Industry Development

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