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Bearing Industry Development and Demand Forecast Analysis in 2018

editor:admin │ datetime:1970-01-01

It shows that more than 70% of the world's bearing market share was shared by eight multinational bearing group companies, including SKF in Sweden, INA and FAG in Schaeffler Group, NSK, NTI in Japan (NTN), Koyo (KOYO), Minebea, Nachi (Nachi), Timken (USA) and others. At the same time, the high-end market of the world's bearing industry is monopolized by the above-mentioned enterprises, while the middle and low-end markets are mainly concentrated in China.

If divided by region, the global bearing market can be divided into five major blocks: Asia, Oceania, Europe, North America, Latin America, and Africa. They account for 40%, 31%, 25%, 3%, and 1% respectively.

From a specific country point of view, the United States market is the largest, accounting for 23% of the world; EU countries, followed by 21%; Japan, 19%; Russia, 6%; India, 4%; China, 10%.

Bearing industry market size status: 2017 sales reached 275.173 billion

According to the “Analysis of Production and Sales Demand Forecast and Transformation and Upgrading Report of China's Bearing Manufacturing Industry from 2018 to 2023” released by the Industry Research Institute of Forward-looking Industries, the sales revenue of China's bearing manufacturing industry also fluctuates from 2013 to 2017. In 2016, the industry sales revenue was 282.674 billion yuan, an increase of 6.47% year-on-year; in 2017, the industry realized sales revenue of 275.173 billion yuan, a year-on-year decrease of 2.6%. Overall, the development speed of China's bearing industry has slowed down in the past three years.

Bearing Industry Market Demand Status: Automotive Industry as the Largest Demand Area

The application of bearings is very extensive. At present, the global bearings are mainly used in the automotive industry. The annual sales of automotive bearings are 1.102 billion sets, accounting for 29.95% of the total sales of bearings. In the future, as the world automobile manufacturing industry shifts to China, the proportion will further increase. In addition to the automotive industry, the bearing industry is also widely used in motors, home appliances, motorcycles, agricultural machinery, construction machinery, heavy machinery, electricity, railways, machine tools and other industries, of which the motor industry demand accounted for 14.92% of the industry; household appliances industry accounted for 13.55% In addition, the proportion of motorcycles, construction machinery and agricultural machinery is also relatively large, which is 9.51%, 4.63% and 1.82% respectively.

Bearing industry development prospects: 2023 or 306.3 billion yuan

As China's machinery manufacturing industry has been vigorously developed in recent years, the downstream industry in the bearing industry has developed rapidly, and the demand for bearing products continues to increase, resulting in an increase in sales revenue and total profits of the bearing industry. With the development of Chinese industrial machinery and automobiles, the demand for supporting bearings has further increased. However, with the slowdown in the growth rate of major downstream demand markets, the growth of the bearing industry will also slow down. Forward-looking Industry Research Institute predicts that by 2023, the market size of China's bearing industry is expected to reach 306.3 billion yuan.

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