The summarization of the Chinese conveyor idler bearing industry

Though the world economic crisis has a deep effect on the conveyor idler bearing industry, the domestic conveyor idler bearing industry had achieved a total profit of 630 million last year, which had decreased 29.94 percent over the same period of the previous year. On the whole, the economic benefit shows a rising trend. Under the effect of the world economic crisis, periodical market demands of the conveyor idler bearing are not enough, and the market competition at home and abroad would be fiercer. But at the same time, this is an excellent chance for the Chinese conveyor idler bearing industry to reform deeper, adjust the industrial structure and enhance the industry level.

Look back the development of the Chinese conveyor idler bearing industry in the past 4 years, the whole sales revenue and output of the conveyor idler bearing had increased averagely 18.52 percent and 19.52 percent.

The large-scale state-owned enterprises represented by ZWZ have kept a strong development trend, and have become the backbone of the conveyor idler bearing industry. And meanwhile, the private enterprises have also developed swift and violent.

In recent years, Chinese conveyor idler bearing industry has developed regionalized, the level of cooperation and specialization has been enhanced further. By the end of the last year, the number of enterprises whose sales revenue had exceeded 100 million RMB had already been over 114.

The most typical regions include Wafangdian of Liaoning province, the city of Haerbin and Luoyang, the city of Liaocheng of Shandong province. 

Sincerely,

Written by Flavio.Xie, China,
Shandong XinKaite Bearing Co. Ltd.,

My Email:03@xinkaite.com