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2023 Construction Machinery Bearings Industry Will Have A Good Development

Views: 5     Author: Site Editor     Publish Time: 2023-01-15      Origin: Site


Construction machinery bearings mainly include:

Excavator Bearings, Mixer Truck Bearings, 

Heavy Load Tapered Roller Bearings, Heavy Load Cylindrical Roller Bearings, 

High Standard Spherical Roller Bearings, Needle Roller Bearings, 

Deep Groove Ball Bearings, Spherical Plain Bearings, Full Complement Cylindrical Roller Bearings, 

Angular Contact Ball Bearings, Forklift Bearings, Hydraulic Pump Bearings.

At the 19th China Construction Machinery Development High-level Forum held in August 2022, Su Zimeng, president of the China Construction Machinery Industry Association, said: It is expected that the construction machinery industry is expected to stabilize and recover in the next few months of this year, and the economic operation of the industry will gradually improve. Since the beginning of this year, the industry is facing cyclical adjustments. Construction machinery companies are looking overseas to increase research and development of digital, electrified, and international products and technologies. In the first half of the year, the competitive advantage of my country's construction machinery industry in the international market was highlighted, foreign construction machinery orders surged, and the electrification process of construction machinery accelerated. 

In the second half, under the guidance of policy orientations such as stabilizing expectations and stabilizing employment, China's infrastructure investment and manufacturing investment will grow steadily, coupled with factors such as the continuous implementation of steady growth measures in various regions and fields and the continued strong resilience of China's construction machinery exports. It is expected that the industry will continue to show a stable operation trend in 2023.

By the end of 2022, the number of major construction machinery products in China will be about 6 million to 7 million units, of which hydraulic excavators, bulldozers, and loaders occupy the top three. The industry chain of related supporting products such as construction machinery bearings has gradually matured, and the aftermarket of construction machinery is booming. The expansion of after-sales market demand has gradually cultivated more mature and standardized application habits for the maintenance of mechanical products, further promoting the rapid development of construction machinery bearings.

Bearing for construction machinery

In 2023, China's economy still has a certain downward pressure, and the important task of supporting the economy may fall on infrastructure investment again. Considering that some major projects in the current "14th Five-Year Plan" plan are gradually being implemented, special bonds will be issued in advance and accelerated in 2023, basically Facilities investment will gradually increase. The rebound in the growth rate of infrastructure investment is conducive to stimulating the demand for construction machinery in China; at the same time, with the continuous improvement of the market competitiveness of Chinese brands and the increasingly perfect layout of overseas channels, the export market is expected to continue high growth. We predict that with the support of overseas market expansion and other factors, the annual sales volume of excavators in China is expected to stabilize at about 400,000 units in the next three years, and there will be no sharp decline; among them, leading companies are still expected to increase their domestic share and expand the world market. for long-term growth. As the demand for construction machinery increases, the market demand for construction machinery bearings will continue to grow.

TKW Focuses On the Development and Manufacturing of General and Non-Standard Rolling bearings

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