China's bearing casting industry adjustment and rejuvenation

China's bearing foundry industry achieved rapid growth in its total industrial output value, industrial product sales output value, total profit, and export value. The process of industrialization of independent innovation achievements in the industry has been accelerating. The industrial structure has been adjusted, and the production of low-grade and ordinary products has been actively compressed. The upgrade of economical CNC bearings has been carried out, and efforts have been made to develop medium-to-high-end products and special products. The market for domestically-made NC bearings has continued to expand.

On the whole, China is already the world's leading bearing production country. However, there is still a big gap between our high-end bearing casting level and foreign advanced level; there are still many mid-to-high-grade bearings in the domestic market that are still mainly dependent on imports; under the influence of the international financial crisis, the global, especially the Chinese market, has The demand structure of foundry products has changed significantly. The manufacturing industry is facing a new round of industrial structural adjustment supported by high technology, and the bearing foundry industry has ushered in new development opportunities. However, competition in areas such as markets, resources, talent, technology, and standards will also become more intense.

The state has introduced a series of policies centering on the "adjustment and revitalization" and "independent innovation" of the equipment manufacturing industry. This provides a favorable policy environment for the sustainable development of the bearing foundry industry; a series of policies such as the development of strategic emerging industries in the country. For the development of high-grade bearings provides new opportunities. In general, during 2015, the domestic and international market demand for the bearing foundry industry will steadily increase. However, the bearing foundry industry also ushered in a crucial period of structural adjustment and transformation and upgrading. Enterprises must speed up the transformation of development methods to be in a dominant position in market competition.

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