Within the machinery industry, basic parts such as bearings, valves, and general parts are the upstream industries of most machinery and equipment. The slowdown of macroeconomic or fixed assets investment will first lead to the slowdown of demand for large-scale machinery and equipment, and then affect the upstream basic parts industry. Therefore, generally speaking, the prosperity of basic parts will lag behind the prosperity of machinery and equipment.
Against the backdrop of a slowdown in the growth rate of the entire machinery industry, it is expected that the specialized equipment manufacturing industry, instrument manufacturing industry, and transportation equipment manufacturing industry, which experienced a significant decline in the first half of the year, will tend to stabilize in the second half of the year; Affected by the lag effect, the decline in the general machinery manufacturing industry (including boilers, metal processing machinery, general equipment, bearings and valves, and other general components) will increase in the second half of the year, exceeding the industry average level.