Bearing industry can be described as a long history of industry in the world has a history of more than 100 years. Bearing industry is mainly dominated by Europe and the United States in the 1960 of the 20th century before; with the Japan Automobile, Motorcycle, Office automation equipment, home appliances, machine tool industry to develop, in the 1960 of the 20th century, the Japan in micro-, small bearings has been gradually replaced by European and American countries in the field of monopoly.

Since in the 1990 of the 20th century, with the improvement of production technology in China, Chinese bearing Enterprise began with Japan enterprise in direct competition, and gradually occupied the tiny, small bearings and lower-end market and part of the high end of the market.

Gradual recovery of the global bearing market growth.

The early 50 's, total world bearing but 900 million units, the early 60 's had reached 1.8 billion, 4 billion units in the early 70, early 80 's up to 7 billion, late 90 's has more than 10 billion 1997 World bearing total more than 10 billion, with a total sales of about $ 30 billion. In 2010, the global manufacturing industry totaled 56.6 billion. Institute for prospective industries is expected to In 2015, the world bearing production reached 155.7 billion.

2015-2020 issued according to the Institute for prospective industries China bearing industry production and sales demand forecasting and the rose According to data analysis report, 2005-2008, the global bearing industry market continues to grow. In 2009, under the influence of the global financial crisis, the global bearing market fell 12.5 to They're 56.8 billion dollars. By 2013, the global bearing industry market size of us $ 62 billion.

From the perspective of country-specific, United States market, 23 per cent of global; followed by EU countries, 21; Japan 19, Russia 6; India 4; China accounted for 10 China bearing manufacturing industry's main market is the future

Statistics show that the world bearing market share of more than 70, is shared by ten international bearing group, including Japan NSK five companies, Sweden SKF company, Germany FAG two companies, such as United States companies such as Timken. Meanwhile, the world bearing industry, high-end market dominated by these companies, middle market focus to China.

By region, global bearing market can be divided into Asia and Oceania markets, European markets, Latin America, Africa, North America market market five blocks, 40 per cent, respectively, 31, 25, 3, and 1 share.

After the economic crisis, sharp increase in global bearing market will be achieved by 2015. As industrialization to increase gradually, OEM demand is likely to rise. Although it's unlikely in developed countries in recent years, production of durable goods such as cars boom, resulting in Seriously affect the bearing needs. However, in the next few years, durable goods and automobile production in developed markets will tend to increase. Thus, growth in developed markets will Terminal sector as a growth market, especially the Chinese market strong Strong growth further. In 2011, China surpassed the United States the traditional main markets to become the world's largest auto producing country, also has maintained a leading position in the past few years.