2012 Market Forecast of Bearing Industry

 Domestic bearing industry market forecast: Influenced by market uncertainties, bearing industry in the first half year of 2012 will continue to decline following the tendency in forth quarter of year 2011 , but the situation will have a limited improve in second half year of 2012.Based on the effectiveness from some enterprise’s, especially large enterprise's’ transformation, upgrading and structure adjustment, bearing main industry revenue could reach to 158 billion in year 2012, that is a 11 percent increase compared to last year, other bearing industry revenue will reach to 112 billion, a 12 percent increase than last year, bearing output will reach 21 billion units, a 16 percent increase than last year.

 Broadcast bearing industry market forecast: Exportation of bearing will be influenced by European crisis and negative development of  US, Japan, Asia economy. Various industries reduced their cost under the current world economy depression situation, among which bearing industry however, with its high cost-performance,  still hold certain market share. If viewing from the change of export products’ structure in recent year, rolling bearing also made improvement by its huge market share in bearing line. Therefore, bearing exportation will not have a big increase in year 2012, but also will not have a big reduction at the same time., and 15% foreign exchange can be earned in year 2012 as anticipation.