The bearing industry grew nearly 40% last year and the high-speed rail market will become the development direction of the industry

Reporter on the 18th, China Bearing Industry Association understands that driven by the surge in demand for small bearings, the increase in output and profits of the entire industry was close to 40% in the past year.

Last year, the whole industry also launched a combination of high-speed steel bearings and large aircraft bearings. The industry believes that if it goes smoothly, high-speed rail bearings will take over the banner of small bearings and become a strong engine for future industry growth.

Auto home appliances to the countryside to drive bearing sales Although the final statistics have not yet been released, but the preliminary data show that the bearing industry in 2010 the main business income from the suspension will break the one hundred billion yuan mark, reaching 120 billion yuan, the growth rate will reach 30%.

Driven by the automobile, agricultural machinery, and home appliance industries, the demand for small-sized bearings increased significantly in 2010. It is estimated that the annual bearing output will reach 15 billion sets, an increase of 36.36% year-on-year. It is estimated that the total profit can be completed by 6.5 billion yuan, an increase of 38.3% over the previous year.

The reporter understands that bearing exports will reach 4.15 billion sets in 2010, a year-on-year increase of 53.65%, up 28.9% from 2008; foreign exchange earnings will reach US$3.32 billion, an increase of approximately 63.6% year-on-year, and an increase of 11.4% over 2008.

According to the association’s sources, the significant increase in exports was mainly due to the fact that the bearing industry in China has been developed in recent years. The technical quality of micro-bearing products has reached a global level and has occupied a stable market in the global micro bearing market.

According to the introduction, at present, the vast majority of out-of-town enterprises, including listed companies, consume small and medium-sized and small-sized bearings, and the proportion of large- and medium-sized bearings in production accounts for a deficit of 3%.

In January, Axis Research confirmed that the China Bearing Industry Association once affirmed the company as the lead agency to develop high-speed railway bearing research and development in the bearing industry. According to association sources, organizing and promoting the development of high-speed rail bearings will be one of the association's work centers this year.

The industry believes that, according to the current working speed, if all goes well, in the next two to three years, domestic high-speed rail bearings are expected to complete the matching.

According to the "Medium and long-term railway network planning (2008 adjustment)", by 2012 China will build 42 high-speed rail passenger lines, the total mileage will exceed 13,000 km; by 2020, China's high-speed railway mileage will reach 18,000 km.

The high-speed rail market will become the industry's development direction compared with the results of nearly 40% in 2010. The China Bearing Industry Association has reduced the growth rate of the bearing industry in 2011.

Association members believe that this year, the automotive, agricultural machinery, home appliances and other markets will shake the speed of the bearing industry will have a certain impact; at the same time as the exchange rate of money increases, the competitiveness of ordinary bearings and mid-range bearing products will be further weakened. He said that "the growth rate of the bearing industry in 2011 will slow down."

However, for a longer time span, driven by the high-speed rail industry, the bearing industry is still promising.