Bearing market will usher in new development

With the rapid and steady development of the bearing manufacturing industry, the market demand has increased substantially. The country's attention to the bearing manufacturing industry and the trend of bearing localization are increasingly evident. The bearing market in China will usher in a broader space for development.

The basic machinery foundry industry, such as precision bearings, is the key industry in the national "Twelfth Five-Year Plan" period. To achieve the economic growth goals set by the two associations, construction infrastructure projects in various cities have started a construction boom, railways, security housing, water conservancy, ports, and airports. The intensive start-up of major engineering projects has led to the recovery of construction machinery manufacturing industry, which has driven the demand for construction machinery and the demand for bearing steel market has also been released. At the same time, iron ore, coke, high chromium and other steel raw materials have continued to operate at high prices, causing the production of bearing steel to increase continuously. The rigid cost drive has prompted the increase in the factory price of steel mills, which has led to an increase in the market price of bearing steels. Both of these positive factors have stabilized the growth and stimulated domestic demand.

At present, the domestic bearing manufacturing industry has a strong momentum of development, which will bring about a positive effect on the smoothness of the bearing steel market. The demand for a number of high-end bearings has increased significantly, such as aerospace bearings, high-speed precision bearings for machine tool spindles, high-speed spindle bearings, precision bearings for the photovoltaic industry, high-speed steel bearings, automotive bearings, and pulley bearings for cranes.

In the face of these high-end demands, local governments introduced policies to support the bearing industry, actively cultivate modern industrial clusters of bearings, build bearing industrial bases, and adjust product structure, use innovation to drive enterprise transformation and upgrading, complete research and development of new products, and develop high-end bearing products. , process technology innovation projects, testing and application of basic research projects are also launched in full swing, railway bearings, steel bearings, transmission series bearings are conversely increased.

This shows that the bearing manufacturing industry will embark on the international high-end line, the future development of the bearing manufacturing industry will also be based on high-end products, domestic bearing steel companies must vigorously develop domestic and foreign high-end product market, and create new economic growth points.