Characteristics of Bearing

As one of eight special industries in Linqing city, the bearing industry started early and had rapid development. It has a history of more than 50 years. The Yandian bearing market has developed into a specialized market which has the largest scale and the most complete variety. Besides, it has the most professional personnel listed on the market. Currently, the market covers an area of 1200 acres, with the building area of 320,000 square meters. There are about ten thousand business models of bearings in this market.

With the quick development of this market, Linqing bearing industry has also gone through an evolution which was from family workshops to large-scale and specialized production. The Linqing city was named "Bearing City of China." It has the following characteristics:

Firstly, the scale of industrial clusters expands gradually. The bearing processing enterprises in the city have reached 2064, 118 of which having a large scale. There are about twelve thousand of distributors and more than sixty thousand people involved in the bearing industry. In 2008, the bearing industry had a total business income of 14.16 billion Yuan. At the same time, some backbone bearing companies such as Halu bearing, Camry bearing, Yujie bearings, Hengtong steel pipe grow rapidly and become the main force of the bearing industry.

Secondly, the industrial chain continues to improve. At present, Linqing bearing industry has formed a production and processing marketing system which is from the steel production to forging, lathing, grinding, installation and sale. Additionally, it has developed an industry chain that can produce eleven categories of bearing products with more than 5000 models. The daily consumption of steel is more than 800 tons, and the consumption of rolling element is more than 150 tons. It can produce 358 million sets of bearing products, 171 million sets of bearing rings, 19 million units of bearing retainers, twenty-four hundred tons of bearing forging, and 1.1 million tons of steel pumps. Meanwhile, Linqing has a huge sales force. There are about 8,000 dealers who stayed in foreign countries for a long time. And the Linqing bearing distribution departments are scattered over many cities in the country.

Thirdly, the vitality of the bearing industry is growing. Currently, the city has about 42 registered trademarks. And more than forty enterprises have passed the ISO9000 quality system certification.

Fourthly, the level of opening up is constantly improved. At present, bearing manufacturers throughout the country set branch offices in the Yandian bearing market. And their bearing products are sold throughout the country as well as other 40 regions.The national market share is over 10%. A lot of good products are exported to many developed countries such as Japan, the United States, and Germany, etc.