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2022

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07

The future development trend of bearings in my country: the size of the bearing market in 2023 is expected to reach 306.3 billion yuan!

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The future development trend of bearings in my country: the size of the bearing market in 2023 is expected to reach 306.3 billion yuan!
 First, the development status of the global bearing industry

In addition to China, the world's major bearing producing countries include Japan (five major companies), Germany (Schaeffler FAG and INA), Sweden (SKF) and the United States (TIMKEN).

More than 70% of the world bearing market share is shared by eight multinational bearing group companies, including Sweden's SKF (SKF), Germany's Schaeffler Group's INA and FAG, Japan's NSK (NSK), NTIEN ( NTN), Koyo Seiko (KOYO), Minebea (NMB), Nachi Fujikoshi (Nachi), Timken (TIMKEN) of the United States, etc. At the same time, the high-end market of the world bearing industry is monopolized by the above-mentioned companies, while the middle and low-end markets are mainly concentrated in China.
 In terms of regions, the global bearing market can be divided into five parts: Asia and Oceania, Europe, North America, Latin America, and Africa, accounting for 40%, 31%, 25%, 3% and 1% respectively.

Related report: "2019-2025 China Thrust Roller Bearing Industry Market Development Situation and Development Trend Research Report" released by Zhiyan Consulting 21%; Japan 19%; Russia 6%; India 4%; China 10%.

The application of bearings is very extensive. At present, the global bearings are mainly used in the automobile industry. The annual sales of automobile bearings is 1.002 billion sets, accounting for 29.95% of the total sales of bearings. In the future, as the world's automobile manufacturing industry shifts to China, the proportion will further increase. In addition to the automobile industry, the bearing industry is also widely used in motors, home appliances, motorcycles, agricultural machinery, construction machinery, heavy machinery, electric power, railways, machine tools and other industries, of which the demand for the motor industry accounts for 14.92% of the industry; the home appliance industry accounts for 13.55% ; In addition, motorcycles, construction machinery and agricultural machinery accounted for a larger proportion, respectively 9.51%, 4.63% and 1.82%.

Second, the development status of China's bearing industry

In 2017, the main business income of enterprises above designated size in my country's bearing industry was 178.8 billion yuan, and the bearing output was 21 billion sets. It can produce bearings as small as 0.6 mm in inner diameter and as large as 11 meters in outer diameter, with a total of more than 90,000 varieties and specifications. Although my country is already a big country in bearing production in the world, it is not yet a strong country in bearing production in the world. There is a big gap between the industrial structure, research and development capabilities, technical level, product quality, efficiency and benefits of my country's bearing industry and the international advanced level. From 2006 to 2017, the growth rate of my country's bearing exports was higher than that of imports, and the import and export trade surplus reached 1.55 billion US dollars. From 2013 to 2017, the sales revenue of China's bearing manufacturing industry also showed a fluctuating trend. In 2016, the industry's sales revenue was 282.674 billion yuan, a year-on-year increase of 6.47%; in 2017, the industry's sales revenue was 275.173 billion yuan, a year-on-year decrease of 2.6%. Overall, the development speed of my country's bearing industry in the past three years has slowed down compared with the previous one.

3. Future market development trends and prospects

Due to the vigorous development of machinery manufacturing industry in my country in recent years, the rapid development of downstream industries in the bearing industry, and the increasing demand for bearing products, the sales revenue and total profit of the bearing industry have continued to increase. It is estimated that by 2023, the market size of my country's bearing industry is expected to reach 306.3 billion yuan. At present, the international situation continues to undergo profound and complex changes. The uncertainty brought about by the Sino-US trade friction has accelerated the adjustment and evolution of the international pattern and order. Sino-US trade frictions to the US exports and indirect exports will have an 8% negative impact on my country's bearing industry.

After the 19th National Congress of the Communist Party of China, revitalizing the manufacturing industry has become a national strategy. Implementing Made in China 2025, implementing a strong industrial base project, developing new models and new formats, and realizing the conversion of old and new kinetic energy are important tasks facing the bearing industry. This is both an opportunity and a challenge for the bearing industry. The market's quality requirements for bearing products will become higher and higher, and users will pay more attention to the process control of products and the quality and service of the whole life cycle of products.

With the continuous change and adjustment of the bearing market, the polarization of enterprises will be further intensified. my country is a big country in bearing steel production, but it is not a strong country. In order to develop bearings with high parameters, high precision and high reliability, it is necessary to give priority to the development of bearing steel smelting technology and to improve the quality of bearing steel. Improving the quality and brand awareness of bearing products in my country and increasing the share of the bearing export market is a huge market for future development.

Domestic bearing steel manufacturers should seize the opportunity to actively develop new varieties of bearing steel. High quality, high performance and multiple varieties are the development directions of bearing steel.