After the 19th China bearing industry new economic exploration road: how to do transformation and upgrading?

After nineteen big Chinese bearing industry new economic exploration road: how to do transformation and upgrading?
Home ꄲ Article Categories Result Page ꄲ Industry News ꄲ After the 19th National Congress, China bearing industry new economy exploration road: how to do transformation and upgrading?
Time, is a huge wheel of progress, the development of any industry, need to change due to the situation, go with the trend, with a young, open, inclusive, innovative attitude to embrace the future, follow the pace of the times to move forward. Bearing, a widely used and fiercely competitive industry, in the context of this era of great change and reshuffle, in the treacherous business waves, how should it stand up? What kind of attitude should we take to move forward? How to seek change to fulfill the new, forge ahead and forge ahead?

China bearing industry development status and competitive landscape analysis
In recent years, China's bearing industry has formed a set of independent and complete industrial system, whether from the bearing production, or bearing sales, China has stepped into the ranks of the bearing industry big country, ranked third in the world. Data show that in 2017, the main business income of enterprises above the scale of China's bearing industry was 178.8 billion yuan, and bearing production was 21 billion sets. Able to produce as small as 0.6 millimeters of inner diameter, as large as 11 meters of outer diameter, a total of up to more than 90,000 varieties of specifications of bearings. Although China has been the world's largest producer of bearings, but not the world's bearing production power, China's bearing industry, industrial structure, research and development capabilities, technology level, product quality, efficiency and effectiveness of the international advanced level there is a large gap.

Data source: China Bearing Industry Association, China Business Industry Research Institute collated

Import and export situation

From 2006 to 2017, China's bearing export value growth is more stable, the growth rate is higher than imports, import and export trade surplus is a growing trend, the trade surplus in 2017 amounted to 1.550 billion U.S. dollars. And compare the import and export of bearings unit price, in recent years China's import and export of bearings, the price difference is larger, but the difference in price range decreases year by year, reflecting China's bearing industry, although the technological content of the advanced level of the gap still exists in a certain degree, but in the catching up. At the same time reflects China's low-end bearing overcapacity, high-end bearing capacity shortage of the status quo.

Competition pattern

China's bearing industry has a more significant regionalization of the development characteristics of the main formation of Wafangdian, Luoyang, Yangtze River Delta, East Zhejiang and Liaocheng five bearing industry clusters.

China's bearing industry is mainly concentrated in the private and foreign-funded enterprises represented by the East China region, as well as the state-owned traditional heavy industrial base represented by the Northeast and Luoyang region. With the continuous improvement of China's degree of marketization, private bearing enterprises continue to enter the bearing manufacturing industry, has become the main force of China's bearing industry, the relatively large-scale bearing enterprises are Tianma Holding Group Limited, Wanxiang Qianchao Company Limited, Renben Group Limited, Cixing Group Limited, etc.. Foreign-funded brand bearing enterprises also occupy an important part of the domestic bearing market, the world's eight multinational bearing companies have set up companies in China, and continue to increase investment in China, the establishment of a number of bearing production plants, and set up a regional headquarters and engineering technology centers in China.

The convening of the 19th National Congress, so that more elite bearings industry understand that the development of enterprises and brand building needs to constantly adapt to the changes of the times, in order to the latest technology and management to make the enterprise invincible.

Now the bearing industry towards intelligent, high-end, brand development trend has become clear, in shaping the culture and spirit at the same time, how to enhance scientific and technological productivity, strengthen the level of professional services, improve the added value of the product, to achieve the ecological return of the profit distribution, which is not only the government's subject, but also relates to the survival of all the industry and the development of the way out.

After the 19th National Congress, intelligent manufacturing, high-end manufacturing, Internet+manufacturing, business model innovation, and sharing economy model have also changed from government slogans and documents to corporate goals and practices. Unswervingly take the "new road of industrialization and informatization", and promote the introduction and full implementation of "Made in China 2025" has become the main axis of the national strategic top-level design. In the current overall economic downward pressure, bearing industry, how to do transformation and upgrading, how to seize the times from the technology and practice, to improve the competitiveness of the industry, which is the focus of the enterprises need to consider.

Bearing manufacturing industry how to do transformation and upgrading?
The transformation and upgrading of the industry can never be just the upgrading of technology and equipment, it should be a market participant's ideological cognition and mindset of upgrading and upgrading, through the introduction of advanced intelligent manufacturing equipment, international high-end manufacturing personnel, advanced production management concepts and innovative business operation model, so that the economic structure in the upgrading of the continuous optimization of the traditional manufacturing in the innovation of the metamorphosis. The quality and performance of products are the foundation of the enterprise, the brand and service are the basis of trust, and the differentiated development strategy and business model are the foundation of the enterprise.