Bearing is an important part of contemporary mechanical equipment, and its downstream is widely used in industrial automation, high-end equipment, robot, automobile manufacturing and other fields. In the past two years, affected by the decline in demand of downstream automobile, machine tool and other industries, the structural adjustment, transformation and upgrading of the industry, and the gradual elimination of backward production capacity, the supply side and demand side of China's bearing industry have declined.

  On the supply side, the data show that the output of China's bearing industry in 2019 is 19.6 billion sets, a year-on-year decrease of 8.83%. Affected by the epidemic situation in 2020, the output of the industry will continue to decline. As of January to June 2020, 127 enterprises in China's bearing industry will produce 2.47 billion sets of bearings, a year-on-year decrease of 5.05%.

  Output and year-on-year growth of China's bearing industry in 2016-2020

  On the demand side, China's demand for bearings is also slowing down, resulting in a decline in operating efficiency. According to the data, in 2019, the operating revenue of China's bearing manufacturing industry dropped to 177 billion yuan, a year-on-year decrease of 4.22%. Affected by the epidemic situation in 2020, the business income of the industry will continue to decline. As of January to June 2020, 127 major enterprises in China's bearing manufacturing industry have completed the main business income of 42.45 billion yuan, a year-on-year decrease of 4.15%.

  Business income and year-on-year growth of China's bearing industry in 2016-2020

  At the same time, in the past two years, coupled with the intensification of Sino US trade disputes and the impact of the epidemic situation, the situation of China's bearing industry in the export market has become extremely severe. Data show that as of January to August 2020, China's bearing export volume is 362600 tons, a year-on-year decrease of 37.9%; the export amount is US $2222 million, a year-on-year decrease of 15.6%.

  Quantity and amount of China's bearing exports from January to August 2016-2020

  In this situation, in order to maintain rapid growth, improve the technical content, work efficiency, reliability and accuracy of products, RDK has become high-end, green and brand-name Based on the experience and integrity accumulated in the world, we will further improve the sales region and technical service system in China, launch the comprehensive business of RDK bearing brand sales, industry solutions and services in China, provide advanced technology and high-end products for Chinese manufacturing industry, and provide zero distance services for Chinese users. In many fields such as environmental protection, caring for the society, green environmental protection, and supporting cultural and sports activities, we will further carry out social public welfare activities, synchronize the world bearing industry, and help the development of China's bearing manufacturing industry.