Driven by the surge in demand for small bearings, the industry's output and profit growth both increased by nearly 40% last year. The whole industry has also launched a combination of high-speed rail bearings and large aircraft bearings. Industry insiders believe that if the development goes well, high-speed rail bearings will take over the banner of small bearings and become a strong driving force for future industry growth.

The sales of automobile and home appliances to the countryside drive the sales of bearings

Although the final statistics have not yet been released, early data show that the custom bearing industry's main stop business revenue in 2010 will exceed the 100 billion yuan mark, reaching 120 billion yuan, and the growth rate will reach 30%.

Driven by the automobile, agricultural machinery, and home appliance industries, the demand for small bearings increased significantly in 2010. It is estimated that the annual bearing output will reach 15 billion sets, a year-on-year increase of 36.36%. It is estimated that the total profit that can be completed is 6.5 billion yuan, an increase of 38.3% over the previous year.

Bearing exports in 2010 will reach 4.15 billion sets, a year-on-year increase of 53.65%, an increase of 28.9% over 2008; export earnings will reach 3.32 billion US dollars, a year-on-year increase of about 63.6%, an increase of 11.4% over 2008.

The substantial increase in exports is mainly due to the development of my country's bearing industry in recent years, the technical quality of miniature bearing products has approached the international level, and it has occupied a stable market in the global miniature bearing market.

According to reports, at present, most of the local enterprises, including listed companies, produce small and medium-sized bearings, and the output of large and medium-sized bearings accounts for less than 3%.

The high-speed rail market will become the development direction of the industry

Compared with nearly 40% of the results in 2010, the China Bearing Industry Association has lowered the performance growth rate of the bearing industry in 2011. The fluctuations in the markets of automobiles, agricultural machinery, and home appliances will have a certain impact on the development speed of the bearing industry; at the same time, with the rise of the currency exchange rate, the competitiveness of ordinary bearings and mid-end bearing products will be further weakened. He said, "The growth rate of the bearing industry will slow down in 2011." However, in a longer time span, driven by the high-speed rail industry, the prospects for the development of the bearing industry are still very impressive.