Sales of Bearing Industry To Increase to 0.222 Trillion yuan in 2015

www.chinaspv.com: Recently some relevant person of China Bearing Industry Association said that with complex and changeable international politics and economy, bearing industry began its operation from high prosperity to lower status, a structural adjustment with a rational return after a speeding increase in 2010.

As a significant and key basic part in equipment manufacturing industry, bearing decides the performance, quality and reliability of major equipments and hosts, which made it the heart of equipment manufacturing. Through many-year development, bearing industry of China has become of a large scale, with output value of 0.13 trillion yuan in 2010 ranking the third of the world. Although our large development of bearing industry, most of it is low-end, leaving a huge gap between developed countries and us in the high-end bearing manufacturing.

2012-2016 China Bearing Industry Research and Market Prospective Consulting Report released by www.askci.com shows that at the first half of 2012, output of national rolling bearing is 8.375 billion sets with a 7.21% increase year on year. In June, our output of rolling bearing is 1.738 billion sets with a 9.35% increase year on year.

In outputs of each province, in the first half of 2012, the output of rolling bearing in Jiangsu is 2.986 billion sets with a 6.96% increase year on year, which is 35.65% of the country. What comes next is Zhejiang Province, Shandong Province and Shanghai city, taking 29.42%, 11.16% and 7.75% respectively.

Twelfth Five-year Development Plan in Mechanical Components, Basic Manufacturing Process and Basic Material Industry definites that mechanical components including high-speed, precise and heavy-duty bearing will be key industries with strong driving capability and large effects. It will enhance to make these industries meet international advanced level with attention on improving performance, reliability and working life. The Plan also points out that sales of bearing industry will increase to 0.222 trillion yuan in 2015 with an annual growth rate at 12%--15%. Meanwhile, high-end bearing which is high-speed, precise and heavy-duty will increase at a faster growth rate.
 

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