In the first quarter, China's export volume of bearings increased by 8.7% year-on-year. Domestic bearings are taking big strides towards high-end production

According to data from the China Bearing Industry Association, the bearing industry achieved a record high revenue of 231.5 billion yuan in 2024, a year-on-year increase of 6.2%; The production of bearings reached 33.7 billion sets, a year-on-year increase of 17.3%.

In the first quarter of this year, according to the statistics of 160 major enterprises in the bearing industry, the total industrial output value of the bearing industry reached 25.397 billion yuan, a year-on-year increase of 11.14%; The industrial added value was 7.631 billion yuan, a year-on-year increase of 10.97%.

From small precision micro machinery to large heavy equipment, bearings are everywhere. In recent years, domestic bearings have made great strides towards high-end production, breaking away from the competition of mid to low end and homogenization.