Automobile bearings refer to a variety of special and general bearings used in various parts of the car, and each car needs to be equipped with more than 100 sets of various bearings on average. Automobile bearings are the basic components required for automobile manufacturing, and their quality is closely related to the reliability, safety and comfort of the whole vehicle.
Classification of automotive bearing industry.
Source**: Joint Research Industry Consulting (Joint Research Network).
During the start-up period from 1982 to 2006, China Automotive Bearing Factory gradually realized the localization of key automotive bearings, and accumulated R&D and production experience for China's automotive bearing industry. During the period of rapid development from 2007 to 2023, China's automotive bearing enterprises have continuously improved the level of production technology through independent research and development and innovation and the introduction of foreign advanced technology, and the product technology of some enterprises has reached the world's advanced level.
The development history of automobile bearings.
Source**: Joint Research Industry Consulting (Joint Research Network).
From 2018 to 2022, China's automotive bearing market increased from 951 in 2018900 million yuan decreased to 924 in 2022900 million yuan, with an overall compound annual growth rate of -07%。With the gradual recovery of China's economy and the gradual recovery of China's consumption, it is expected that the size of China's automotive bearing market will gradually grow at a compound annual growth rate of 3% from 2023 to 2027, and the market size will reach 1072 in 2027200 million yuan.
2018-2027 China's automotive bearing market size and growth rate.
Source**: Joint Research Industry Consulting (Joint Research Network).
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