Chinese consumers' high demands for vehicles draw in an increasing number of worldwide automobile makers who do their
attempts to build new vehicle types. People worldwide auto makers place new models into your domestic market. As a
consequence, car sector has substantial requirements for the merchandise study; growth of the domestic parts market. Hence,
the huge industry space with the automotive components is occupied by the multinational companies which own advanced
technology and products.In the bearing sector, based on production technology of the high-precision bearings (mainly used for
engines, transmissions, and wheel hubs), many planet bearing manufacturers actively build production system in China. At the
same time, they also monopolize the premium market by wholly-owned subsidiary, or reorganization and merger of Chinese
corporations. The world's leading multinational enterprises such as
skf bearing,
Schaeffler Group,
timken bearings, and
NSK bearings have joint ventures or
wholly owned plants in China. It can be obvious that the international competitors becomes the leading characteristics in
domestic bearing market competitionMeanwhile, driven by demands in foreign markets, many domestic parts enterprises export
large degree of bearing products through networks platform. According to the statistics from a well-known automotive e-
commerce platform, the frequency of bearing items export reached 295 during January to June in 2010. It showed significant
increase.In 2009, China's auto output and sales volume reached the amount one in the whole world. The consumption of cars in
the domestic market place had entered a rapid development stage. It's predicted that in the next three yrs, there'll be more
than 30% rate of development of automobile consumption in the domestic marketplace. The rapid development of automobile
sector makes the demands for the automotive bearing products increase sharply. In this context, the matching level of China's
bearing market has the best record in history. Liu Enshi, the director-general of China Bearing Industrial Association
(CBIA), said that a auto needs about 50 sets of bearings; that is to say, it really is a rather huge market place for the
bearing sector."Currently, many industries have much demand for bearing items, especially the automotive business which has
the largest consumption of them. Automobile transmissions, engines, axles along with other key assembly must use bearings.
Although car bearing is a small part, it has a close relationship with the reliability, safety, and comfort from the
vehicle." said Wan Lushun, the president and general manager of ZWZ. It's said that bearing is also called "joint from the
automotive industry". It can be the basis for the automotive transmission. Bearings are needed in most rotating parts.
