In recent years, the overall production scale of the domestic bearing industry has continued to expand, and the number of bearing companies has increased dramatically. Almost half of the nearly 2,000 companies belong to large enterprises.

Since 2014, the domestic hardware bearing industrial manufacturing has developed slowly, and the level of bearing technology and equipment is low. Many large bearing companies still use traditional equipment as the main force of production.

The overall speed of the development of China's bearing industry is actually not fast, but with the development of the market, users' requirements for the accuracy, performance, and types of bearing products are getting higher and higher, which has also evolved into a market that has greatly increased the demand for high-end bearings. In order to meet this demand, the bearing industry should vigorously improve the level and quality of bearing products.

There are many problems related to bearing products in the industry that still have many difficult problems to overcome. For example, if the current level and quality of bearing products are to be improved, we must also pay attention to the improvement of steel quality, and do well in the research and development of related technologies such as lubrication, cleaning, and abrasive tools. However, these related technologies have not yet met the requirements.

As one of the basic industries of China's key development, although the development of the bearing industry is not fast, it already has a large production capacity. National policies have given great support to the development of the bearing industry. Under this situation, the economic scale of the bearing industry is gradually increasing. Today in the information age, if the bearing industry wants to develop further, it will inevitably enter the Internet e-commerce market.

Entering Internet e-commerce has also opened up a new market space for the bearing industry and eased the overcapacity of the bearing industry.