Bearing is an important part of all kinds of mechanical equipment. Its precision, performance, life and reliability play a decisive role in the host precision, performance, life and reliability. In the mechanical product, the bearing belongs to the high precision product, not only needs the mathematics, the physics and so on many discipline theories synthesis support, and requires the services of many disciplines, such as materials science, heat treatment, precision machining and measurement, numerical control, effective numerical methods, and powerful computer technology, therefore, the bearing is a representative of the country's scientific and technological strength of the product.

     After the outbreak of the international financial crisis in 2008, the state adopted the active fiscal policy of increasing infrastructure investment and promoting economic development to deal with the financial crisis. Benefiting from the development of related industries, bearing production and marketing expanded rapidly, the level of profits has been enhanced, the development of the industry significantly accelerated. According to the data of“Production and marketing demand forecast and transformation and upgrading analysis report of China's bearing manufacturing industry” released by the forward-looking industry research institute, in 2011, there were 1,416 enterprises in China's bearing manufacturing industry (with annual sales revenue of over 20 million yuan) , with a total industrial output value of 193.211 billion yuan, up 27.59 percent year-on-year, and sales revenue of 191.097 billion yuan, a year-on-year increase of 30.30 percent, the total profit of 12.523 billion yuan, an increase of 26.54 percent over the previous year.

     In recent years, world-renowned enterprises have entered the bearing market in China and established production bases, such as SKF group in Sweden, Schaeffler Group in Germany, Timken Company in the United States, NSK Company in Japan, NTN company and so on. These companies are not only global operations, but also global manufacturing, they rely on brand, equipment, technology, capital and production scale advantages, and the domestic bearing enterprises launched fierce competition. Nowadays, domestic enterprises mainly engaged in the production of general bearings, special and high-end bearing production enterprises less, technology is not yet mature. Therefore, domestic enterprises to compete with foreign advanced bearing brands, and even beyond, but also need to experience a long period of time in technology and other aspects of the development of the road.

     During the “Fifteen” period, the effects of national macroeconomic policies will continue to be felt, domestic economic growth will remain strong, the international market will slowly recover, and the momentum of economic stabilization and recovery will gradually increase. The development of the national economy will drive investment in infrastructure, which in turn will boost the development of industries such as metallurgy, electricity, construction machinery, building materials and energy, to automobile, aerospace, machine tools, wind power and other industries to provide policy support for the development of these industries, the demand for bearings will gradually expand. In addition, the country to the equipment manufacturing industry and bearing localization trend is increasingly obvious, our bearing market will usher in a broader space for development. At the same time, with the development of our bearing mainframe industry, the product structure of the shaft sleeve will change, the proportion of its high-end products in the products will rise, the sales unit price will also increase, is expected to 2015, our bearing production is expected to exceed 28 billion sets, the main business revenue is expected to reach 210 billion yuan, the world's largest bearing production and sales base.

     With the increasing competition in bearing manufacturing industry, mergers and acquisitions among large bearing manufacturing enterprises and capital operation become more and more frequent, and the domestic excellent bearing manufacturing enterprises pay more and more attention to the research of the industry market, in particular, the industry development environment and product buyers in-depth study. Because of this, a large number of domestic excellent bearing manufacturing brand rapid rise, gradually become the leader of the bearing manufacturing industry!