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Development And Demand Forecast Of Bearing Industry In 2018 Analysis Of Future Demand Growth Slowdown
Aug 12, 2018

Statistics show that more than 70% of the world bearing market, share by eight major multinational bearing group company, including the Swedish SKF (SKF), Germany under the schaeffler group's INA and FAG, Japan, g (NSK), um ladder (NTN), KOYO seiko (KOYO), the page (Minebea), Nachi Nachi (Nachi), such as iron, Ken (TIMKEN) in the United States. At the same time, the high-end market of the world bearing industry is monopolized by these enterprises, while the middle and low market is mainly concentrated in China.

By region, the global bearing market can be divided into five major parts: Asian and oceanian markets, European markets, north American markets, Latin American markets and African markets, with 40%, 31%, 25%, 3% and 1% respectively.

In terms of specific countries, the us market is the largest, accounting for 23 per cent of the global market. European Union countries came next, at 21 percent. Japan accounts for 19%; Russia accounts for 6%; India accounts for 4%; China accounts for 10%.

Current market size of bearing industry: sales volume reached 275.73 billion in 2017

According to the 2018-2023 analysis report on production and sales demand forecast and transformation and upgrading of China's bearing manufacturing industry released by the forward-looking industry research institute, the sales revenue of China's bearing manufacturing industry also fluctuates from 2013 to 2017. Industry sales revenue in 2016 was 282.674 billion yuan, up 6.47 percent year-on-year; In 2017, the industry achieved sales revenue of 275.73 billion yuan, down 2.6 percent year-on-year. Generally speaking, the development speed of China's bearing industry has slowed down in the past three years.

Bearing industry market demand status: automobile industry is the largest demand area

Bearings are widely used. At present, global bearings are mainly used in the automobile industry. The annual sales volume of automobile bearings is 1.002 billion sets, accounting for 29.95% of the total sales volume of bearings. In the future, as the world's auto manufacturing industry moves to China, the proportion will further increase. In addition to automobile industry, bearing industry is also widely used in industries such as motor, household appliance, motorcycle, agricultural machinery, construction machinery, heavy machinery, electric power, railway and machine tool, among which the demand of motor industry accounts for 14.92% of the industry. Home appliance industry accounted for 13.55%; In addition, the proportion of motorcycle, construction machinery and agricultural machinery is also large, with 9.51%, 4.63% and 1.82%, respectively.

Bearing industry development prospects forecast: 2023 or 306.3 billion yuan

In recent years, China has made great efforts to develop the mechanical manufacturing industry, and the downstream industry of bearing industry has been developing rapidly. The demand for bearing products has been continuously increasing, which makes the total sales revenue and profit of bearing industry increase continuously. With the development of China's industrial machinery and automobile, the demand for supporting bearings has further increased. However, as growth in the main downstream demand markets slows, so will the size of the bearing industry. The forward-looking industry research institute predicts that the market scale of China's bearing industry is expected to reach 306.3 billion yuan by 2023.