Since the US financial crisis in 2008, affected by the international financial crisis in recent years and the impact of domestic macro adjustments, the domestic machine tool industry has entered an overall transition period. Under the support of the national favorable policies, the domestic machine tool companies actively self-recovered their own innovations, making the machine tool industry gradually recover. The recovery of the machine tool industry also brought home the revival of related equipment and components. As a component of industrial equipment, bearings naturally come out of nightmares.

Looking at the domestic market, the increase in uncertainties in economic operations last year has brought new challenges to the bearing industry and also implies new opportunities. According to the trend of the policy, China will continue to increase its investment in infrastructure construction. This undoubtedly provides new development opportunities for the bearing-related industries such as steel, automobiles, and home appliances. At the same time, with the improvement of living standards, people’s enthusiasm for car purchase is rising. The rapid development of the industry has also driven the development of automotive bearings. In the future, the demand for bearings will grow steadily, and the bearing industry will usher in a period of sustained development.

In the face of such a good situation, bearing companies can show their talent and actively develop the market. However, it should also be noted that with the development of the market, users will inevitably put forward higher requirements on the precision, performance, lifespan and variety of bearing products. Therefore, the development of high-precision, high-tech and high-value-added bearing products is a preemption. The essential weapon of the market. Only relying on high-precision, high-tech content and high value-added products can win the trust and support of consumers.