The bearing casting industry actively explores emerging markets

From the overall development of the bearing casting industry this year, the development is relatively stable. With the development of industries such as aviation, automotive, and healthcare, significant opportunities have been created for the mechanical casting industry to a certain extent. The mechanical casting industry is steadily advancing in traditional markets while actively exploring emerging markets. At present, China's mechanical casting industry is moving towards the development direction of high product grade and reduced manufacturing costs. 

At present, China's hardware bearings have formed a large economic scale. However, due to the improvement of development mode, industrial structure, independent innovation, and brand establishment, domestic demand has been driven. The precision bearing and other basic machinery casting industries with strong driving force and large radiation effect will be identified as key industries for the 12th Five Year Plan development, striving to make them reach or approach the international advanced level. It is expected that by 2015, the sales revenue of the high-end bearing casting industry will reach around 222 billion yuan. 

Under the guidance of the 12th Five Year Plan, China's high-end bearing casting industry has formulated an industry development plan. We have formulated a policy of driving the development of the domestic mold industry with both projects and exports. Driven by the development of various fields such as rail transit, medical equipment, new energy, aerospace, automotive lightweighting, and rail transit, the level of China's bearing casting industry has significantly improved.