A quarter of each year is the bearing industry

A quarter of each year is the bearing industry, the production and sale of the off-season , this year , the domestic bearing industry is facing a lack of demand , overcapacity grim predicament. But Wazhou first quarter than last year output growth of 2.8% , operating mobile crane bearing income grew by 1.6% , more eye-catching two figures is that high-end products accounted for 50 % of revenue , bearing exports grew by 20% , ie, by expanding the high-end market and international market , Wazhou reversing the crisis of overcapacity .
Pressure on the domestic bearing industry dilemma squeeze
China has become the world's largest bearing consumer, but also the formation of Harbin , Wafangdian sealed bearing three manufacturing bases in Zhejiang and Jiangsu private enterprise bearings, bearing manufacturing companies as well as international joint ventures or wholly-owned company third of the world 's industrial structure , bearing ZWZ became the industry leader .
Currently, the bearing industry has shown a trend of internationalization of domestic competition . Nearly 80 percent of the world bearing market is split bearings eight foreign giants , of which 40% share from the Chinese market , mostly for high-end products. Not only that, but also to increase investment in the world bearing the giant forward China 's low-end market expansion ; while domestic companies manufacture products bearing 90% of the low-end products , squeeze through the traditional market price competition . Under the pressure of the squeeze , ZWZ urgent need to find a new market space.