Statistics show that more than 70% of the world bearing market share is shared by eight major multinational bearing group companies, including SKF in Sweden, INA and FAG under the Schaeffler Group in Germany, NSK in Japan, NTN, KOYO, Minebea, Nachi, Timken, etc. At the same time, the high-end market of the world bearing industry is monopolized by the above-mentioned enterprises, while the low-end market is mainly concentrated in China.
 
At present, there are more than 1,400 bearing enterprises in China, with more than 300,000 employees. In 2011, China's bearing manufacturing industry achieved a total industrial output value of 193.211 billion yuan, a year-on-year increase of 27.59%, and sales revenue was 191.907 billion yuan, a year-on-year increase of 30.30. The total profit was 12.523 billion yuan, a year-on-year increase of 26.54%.
 
According to industry analysis, from the current product structure of China's bearing industry, the production capacity of ordinary bearings with low technical content is sufficient; and high-precision, high-tech content, high value-added bearings are special and can meet special tasks Conditions of high-end bearings, both in terms of variety and quantity also have a lot of room for development.
 
Then the next step, to improve the R & D, design and manufacturing capabilities of bearing manufacturers, is the only way to achieve high technical content, high reliability, high efficiency and high precision of bearings.
 
With the support of national policies, China's equipment manufacturing industry has developed rapidly. Bearing manufacturers have increased their R & D efforts and introduced advanced foreign manufacturing equipment to continuously improve their R & D design and manufacturing levels. It can be guessed that in the future, bearing industry companies will upgrade Accuracy, performance, life and reliability as key investment directions are in line with the inevitable trend of future industry development.