News about the status quo of China's bearing industry

The current situation of bearings in China,The strong development momentum of China's bearing manufacturing industry will bring a positive effect on the stable and positive development of the bearing steel market. The demand for a batch of high-end bearings has significantly increased, such as aerospace bearings, high-speed precision bearings for machine tool spindles, precision angular contact ball bearings for ball screw supports, high-speed electric spindle bearings, precision bearings for photovoltaic industry machine tools, turntable bearings, wind power bearings, shield machine joint bearings, rolling mill bearings, high-speed rail bearings, automotive bearings, pulley bearings for cranes, turbocharger bearings, liquid dynamic pressure bearings, etc.3. Development prospects of the bearing marketAt present, the manufacturing industry of basic machinery such as precision bearings has become a key industry for development during the 13th Five Year Plan period of the country, striving to achieve or approach international advanced levels. It is expected that with policy support, the sales revenue of the high-end bearing casting industry will reach around 222 billion yuan. China's bearing production is expected to exceed 22 billion sets, with a total sales volume expected to exceed 350 billion yuan, making it the world's largest bearing production and sales base.