China's bearing industry to the present, already have a considerable scale of production and high technology, quality standards. With a certain scale of the bearing has grown to more than 1,500 enterprises, the number of workers to nearly 80 million people, the annual bearing production from 1949 to 138,000 sets to the current more than 20 million sets of bearing the cumulative increase from more than 100 varieties to More than 7,000, up to more than 28,000 specifications. Over the past 10 years, well-known foreign companies bearing (such as SKF, FAG, NSK, NBM, KOYO, TIMKEN, TORRINGTON, etc.) has invested in China and set up factories in China bearing design technology, production technology and production management standards, production equipment The level of modernization, the quality of products and improve the use of performance has played a significant role in promoting.

But on the other hand, China's bearing manufacturers are also facing from the well-known foreign companies bearing the fierce competition and challenges, the results will accelerate the industrial structure of China's bearing industry and product mix adjustment pace, it can be described as opportunities and challenges, production and development together. How to seize the opportunity to improve the viability of enterprises in the survival of the same time how to obtain sustained and rapid development is placed in front of China's bearing industry can not be avoided, can not avoid the problem.

Quality and strict requirements, high value-added technology bearings still need a lot of imports. Such as car bearings, high-speed, quasi-high-speed railway bearings, all kinds of imported equipment maintenance bearings, some high-precision, high value-added and special conditions in the use of special bearing supply gap larger, the production of bearing products in performance and Price ratio, high precision, low noise, long life and high reliability, and other well-known foreign companies there is a big gap.

At present, China's bearing output of more than 2 billion sets, the output value has more than 20 billion yuan, the annual export volume of more than 770 million sets of export earnings of about 700 million US dollars, ranking fourth in the world to meet the domestic product varieties required more than 70% To meet the required number of 90% or more, the export volume is also a higher proportion.

In our country into the ranks of the world's largest producer of bearings at the same time, we should also see the bearing industry low, scattered, poor problem, ordinary micro, small, small and medium deep groove ball bearings are still a large number of low-level repetitive production, leading to serious oversupply , Due to fierce market competition, price war intensified. If this situation continues for a long time, is bound to affect the entire bearing industry, technological transformation and technological progress, affecting China's bearing products in the international reputation, seriously restricting the healthy development of China's bearing industry.