In 2024, driven by the "14th Five - Year Plan" and the global intelligent transformation of the manufacturing industry, China's bearing industry focused on "high - end, intelligent, and green" development. The latest data from the China Bearing Industry Association shows that the industry's revenue in 2024 exceeded 231.5 billion yuan, an increase of 6.2% year - on - year, and bearing production reached 33.7 billion units, a historical high, with a year - on - year increase of 17.3%.