With the rapid development of high and new technology such as aerospace, nuclear industry, electronic computers, photoelectromagnetic instruments, precision machinery, etc., the world bearing industry, which reflects the level of contemporary science and technology, has entered a comprehensive innovation manufacturing technology, rapidly developed varieties, and vigorously improved performance and accuracy. , An increasingly mature and complete new historical period, the main characteristics of this period are:

Large-scale enterprises, enterprise groups, and multinational companies with more than tens of thousands of large-scale enterprises, group-oriented, and large-scale bearing enterprises have emerged in batches, and bearing production has soared. In the early 1950s, the total output of world bearings was only 900 million sets. In 1960 it reached 1.8 billion sets, in 1970 it reached 4 billion sets, in 1980 it exceeded 7 billion sets, and in 1990 it exceeded 10 billion sets. In recent years, affected by the global economic climate, Production has declined, but it has gradually recovered in 1995, and the five-year period from 1996 to 2000 will have a period of prosperity at the end of the century.

There are all kinds of bearings, and their applications are all-encompassing. At present, there are tens of thousands of bearing varieties. Extra-large bearings are as large as 38 meters, and miniature bearings are as small as a few tenths of a millimeter. There are traditional single-row, double-row, and multi-row ball bearings, roller bearings, and needle rollers. Bearings, tapered bearings, non-lubricated bearings, self-lubricating bearings, angular contact bearings, transmitter bearings, universal joint bearings, ultra-thin wall bearings, hub unit bearings, air bearings, linear bearings, superconducting bearings, magnetic bearings, etc. Wait.

For bearing international trade, this period is its stage of development. In its heyday, the world market size has jumped from several hundred million U.S. dollars to several billion U.S. dollars to tens of billions of dollars. In 1992, the world's bearing sales reached 19 billion US dollars. In 1992, the world's bearing sales reached 19 billion US dollars, and it is expected to reach 28-30 billion US dollars in 1997. During this period, the international trade of bearings has truly become a comprehensive, cross-cutting, multi-channel, and wide-covered world market. Based on the actual situation in 1992, in the global bearing market, Latin America accounted for 1%, North America accounted for 24%, Africa and the Middle East accounted for 1%, Asia and the Pacific accounted for 33%, Eastern Europe accounted for 11%, and Western Europe accounted for 11%. 31%.