In 2012, the development of the bearing industry was aggravated, and people in the industry remained optimistic.

According to the latest statistics, it is expected that the sales revenue of the bearing industry will increase by about 15% in 2011, and bearing output will also increase by about 17%. It is understood that in 2011 the bearing industry operating situation is "high before the low" development trend, the industry's growth performance is mainly concentrated in the first half.

Data show that from January to October, bearing output of key enterprises increased by 12.46% year-on-year, main business income increased by 13.78% year-on-year, bearing business revenue increased by 15.64% year-on-year, export product revenues increased by 25.15% year-on-year, and profits increased by 19.06% year-on-year.

According to industry insiders, “the industry has entered a clear downward trend in the second half of the year and the development trend is not optimistic.” He said that due to the obvious decline in the demand for mainframe supporting markets, the export market has decreased, the company’s inventory has risen, and the company’s operating environment has developed in an unfavorable direction. Sequential competition has intensified and the development of the entire industry has encountered major difficulties.

This person expects that "this difficulty will increase in the first half of 2012, especially in the first quarter."

Despite the current difficulties, people in the industry are still optimistic about the prospects of the industry. In the second half of this year, the Ministry of Industry and Information Technology released the “Twelfth Five-Year Development Plan for Machinery Basic Parts, Basic Manufacturing Processes and Basic Materials Industry”, which clearly categorizes the bearing as a key industry that needs to be developed. It is required that by 2015, the sales of the bearing industry It will reach 222 billion yuan, and the average annual growth rate of the industry will be between 12%-15%.

Industry insiders have made it clear that in 2012, efforts will be made in the strategic emerging industries as well as in the autonomy of key products, major special projects, and key supporting products, in an effort to win more voices for enterprises.