Bearing is an important foundation component for all kinds of machinery. Its accuracy, function, life number and reliability play a decisive effect on the accuracy, function, life number and reliability of the host. In mechanical products, bearings are classified as high-precision products. They not only require the inductive support of many disciplines such as mathematics and physics, but also require materials science, heat treatment skills, fine machining and measurement skills, numerical control skills, and useful numerical methods and powerful computers. Many disciplines, such as skills, serve this purpose, so bearings are another commodity that represents the country's scientific and technological strength.
In recent years, many well-known international companies have entered China's bearing market and established production bases, such as Sweden's SKF Group, Germany's Schaeffler Group, American Timken Company, Japan's NSK Company, NTN Company, etc. These companies are not only operating globally, but also global production. They rely on the advantages of brand, equipment, skills, capital and production scale to start a fierce competition with domestic bearing companies. At present, domestic companies are mainly engaged in the production of general-purpose bearings. There are fewer special-purpose and high-end bearing companies and their skills are not sophisticated. Therefore, if domestic companies want to compete with leading foreign bearing brands and even surpass them, they also need to have a long time to develop their skills and other aspects.
During the "Twelfth Five-Year Plan" period, the effect of the national microeconomic policy will continue to flash, domestic economic growth will remain weak, international shopping malls will slowly recover, and the momentum of economic stabilization will gradually increase. The development of the national economy will spur investment in foundation construction, and then promote the development of metallurgy, electric power, construction machinery, building materials, power and other occupations. Together, the state has issued ten major industrial revival plans. By providing policy support, the demand for bearings in these occupations will also gradually expand. In addition, the country's focus on equipment manufacturing operations and the trend of bearing domestication are becoming more and more significant. China's bearing market will usher in a wider development space.