Bearing industry in the world has a hundred years of history. Before the 1960s, the bearing industry is mainly dominated by Europe and the United States; With the vigorous development of Japanese cars, motorcycles, office automation equipment, home appliances, machine tools and other industries, after the 1960s, Japan in the micro, small bearing areas have been gradually replace the monopoly of Europe and the United States. Since the 90s of the 20th century, with the continuous progress of China's production technology, in micro, small bearing areas, Chinese companies began bearing direct competition with Japanese companies, and gradually occupied the micro, medium and low-end market and some high-end small bearings market.

Global bearing market gradually return to growth.

The early fifties, the world's total output, but 900 million sets of bearings, the early sixties reached 1.8 billion units, the early seventies of 40 million units in the early 1980s to 70 million units, more than 100 late nineties million units; 1997 world output of more than 10 billion sets of bearings, the total sales of about $ 30 billion. In 2010, the global bearing manufacturing industry production was 56.6 billion units. Prospect Industrial Research Institute predicts that by 2015, global production will reach 155.7 billion bearing units.

According to Prospect Industrial Research Institute released "2015--2020 China's bearing manufacturing industry production demand forecasting and upgrade analysis report" The data show, 2005-2008, the global bearing industry market size continues to grow. In 2009, affected by the global financial crisis, the global bearing industry market size declined from 12.5 to 56,800,000,000 US dollars. By 2013, the global bearing industry market size of $ 62 billion.