International bearing industry is fiercely competitive with domestic bearing pressure

The international bearing industry has undergone fierce market competition, survival of the fittest, and mergers and reorganizations. Ten years ago, eight leading transnational corporations had formed a dominant position, with a market share of over 80%.

In the past ten years, after further mergers and reorganizations, the eight transnational corporations consolidated the industrial layout.

Recently, Europe and the United States have introspected that “de-industrialization” has caused economic imbalances to be an important cause of the financial crisis. The “re-industrialization” in the post-crisis era is imperative. Manufacturing industries, including bearing industries, have been hit by the financial crisis. But they all have great development after recovery. China's bearing industry will be in the external environment of this international bearing industry structure for a long time, and it will be subject to tremendous competitive pressure.

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