2015 China's bearing industry sales are expected to total

Bearings are machinery and equipment manufacturing industry in the critical components, machinery and equipment performance, quality and reliability depends on the bearing performance. China's bearing industry after years of development, has formed a relatively mature industry scale. At present, the annual output value of China's bearing industry 130 billion yuan, ranking third in the world. By 2015, China's bearing industry sales will reach 222 billion yuan, an average annual growth rate remained at about 15%.
Although the development of China's bearing industry has made some achievements, but the current problems can not be ignored, the most prominent is the low-end products and more high-end products still mainly rely on imports. The development of high-end angular contact ball bearing and China lags far behind the development of machinery and equipment. It is gratifying is that some have a certain accumulation, and is committed to innovative companies in the development of a breakthrough high bearing products. Such as professional P4, P2 class R & D and production of high-end precision bearings Luoyang Precision Bearing Co., Ltd. Chung Yue. Currently, the company produces machine tool bearings, spindle bearings, high-speed bearings and other competitive advantages are obvious, especially in machine tool bearings, product quality has equivalent with imported products.
Based on the development of high-end bearings backwardness, has introduced the "Twelfth Five-Year Plan" made ​​it clear that the state will play a guiding role of industrial policy to support the bearing industry. In the country's guiding role, the bearing industry access threshold will increase low-end products can be controlled high-yield, high-end bearings will enter a rapid development stage.