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Bearing industry analysis

wallpapers News 2021-01-20
Bearings are important basic parts of various mechanical equipment. Its accuracy, performance, life, and reliability play a decisive role in the accuracy, performance, life, and reliability of the host. Among mechanical products, bearings are high-precision products. It is widely used in machine tools, metallurgical and mining equipment, petrochemical equipment, engineering machinery, medical machinery, general machinery, automobiles, motorcycles, railway rolling stock, aerospace equipment, household appliances, motors, ships, and other industries. The development of the bearing industry has also been very rapid in recent years. 
The rapid development of China's bearing industry
According to data from the National Bureau of Statistics, in 2011, there were 1,416 enterprises in China's bearing manufacturing industry (annual sales revenue of more than 20 million yuan), and the total industrial output value was 193.211 billion yuan, a year-on-year increase of 27.59%. The bearing industry is an important sub-industry in the machinery industry. With the development of China's economy, the domestic bearing industry has made considerable progress. At present, China's bearing industry ranks third in the world in terms of sales revenue and product output. At present, China's bearing industry has formed a professional production system with basically complete product categories and a more reasonable production layout, and it has begun to enter a critical stage of moving from a big bearing country to a strong bearing industry in the world.
Industry competition pattern and status quo
First of all, the overall industry competition is fierce, and industry concentration is not high. There are many manufacturing companies in the bearing industry, the industry concentration is low, and the homogeneity competition is serious. Most of the companies are concentrated in the field of low-end bearing products, with low product technology content and poor production technology conditions, which are fierce competition for the market. The second is that state-owned, private, and foreign-funded enterprises stand together. Judging from the performance of China's domestic market, in recent years, many state-owned bearing manufacturers have continued to develop during adjustments, private enterprises have developed rapidly, and foreign-funded enterprises have continued to expand. At present, with state-owned, private, and foreign-funded enterprises standing together, dynamic changes continue to form a situation where enterprises of multiple ownerships develop together.

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