Chinese bearing market is very large, especially that the rapid development of national main engine will provide great market for the development of bearing industry. The great needs for supporting bearings of electromechanical devices for some national major projects, such as west-east gas pipeline project, west-east power transmission, south-to-north water diversion, Yangtse Gorges, 2008 Beijing Olympic Games, 2010 Shanghai World Expo, have provided a great platform for bearing market.
Presently, there are almost 2000 bearing enterprises in China, among which, there are over 900 state-owned enterprises and enterprises with over 5 million Yuan market sales. The number of bearing enterprises rates world top 1, but most enterprises are not of large scales and have weak anti-risk capacity. Most of them do not have strong competence capacity.
Chinese bearings have great export demands and have a good future. Last year, from Jan to June, 1240.3699 million sets were exported to other countries, with a increase of 18.05% comparing to the same period of the year before last year. Besides, 25704.32 tons of bearing parts and 20976.77 tons of bearing roller bodies were exported.
Source SKET BEARING
