China's bearing enterprises face the competitive market situation

According to relevant data of China Bearing Industry Association, there are about 4,000 to 5,000 bearing manufacturers in China, and 1,750 have reached a certain scale of sales of more than 5 million yuan. Due to the relatively high requirements of automotive bearings, there are currently more than 30 bearing companies in the country that can support the automotive industry.

At present, the automotive bearing industry has formed a number of leading suppliers represented by the Wazhou, Luozhou, Ha-axis, Wanxiang Qianchao, Yuxi, Hailin Bearing Factory, etc., and the overall development is relatively fast. However, compared with the world's bearing powers, there is still a big gap in China's bearing industry, which is mainly characterized by low proportion of high-precision, high-tech and high value-added products. According to the China Bearing Industry Association, Chinese brand bearings have a high market share in China's commercial vehicle bearing market, and one-third of them are high-precision products.

China's bearing companies such as Wazhou, Luozhou, Ha-axis and other high-end products account for a relatively high proportion, product quality is stable and reliable, and the general bearing enterprise products are mainly used in the low-end automotive market. In terms of truck bearing support, domestic trucks mainly use local products. In terms of passenger car bearing accessories, most of the small-displacement and low-end cars use local products, while the high-end cars mainly use foreign brands.

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