Bearing industry overview (1)

Bearing industry overview (1)?

According to the data of the National Bureau of Statistics, in 2011, there were 1,416 enterprises in China's bearing manufacturing industry (annual sales revenue of more than 20 million yuan), with a total industrial output value of 193.211 billion yuan, a year-on-year increase of 27.59%; sales revenue was 191.097 billion yuan, A year-on-year increase of 30.30%; the total profit was 12.523 billion yuan, an increase of 26.54% over the previous year. It is estimated that by 2015, my country's bearing output is expected to exceed 28 billion sets, and the main business income is expected to reach 210 billion yuan, becoming the world's largest bearing production and sales base.

At present, my country's bearing industry is mainly faced with three prominent problems: low concentration of industry production, low R&D and innovation capabilities, and low level of manufacturing technology.

First, the industry's production concentration is low. In the world's bearing sales of about 30 billion US dollars, the world's eight major multinational companies account for 75% to 80%. Two German companies account for 90% of the national total, five Japanese companies account for 90% of the national total, and one American company accounts for 56% of the national total. The sales of the 10 largest bearing companies in my country, including ZWZ, only account for 24.7% of the industry, and the production concentration of the top 30 companies is only 37.4%.

TILTING PAD BEARINGS