2024 2029 China Bearing Industry Market Status and Investment Strategy Forecast Report

(1) Overview of the bearing industry

1) Introduction and classification of bearing products

Bearing refers to the mechanical basic parts that support the rotating shaft or other moving bodies, and are used to guide the rotating or moving motion and bear the load transmitted from the shaft or the parts on the shaft and reduce the friction coefficient of the mechanical rotating bodyMechanical joints

Bearing is the core basic components of the industry, its development level and industrial scale reflect a country's comprehensive industrial strength, in the national economy and national defense construction plays a pivotal role. The basic structure of the bearing is usually made up of:Inner ring, outer ring, rolling elements, cages, seals, greaseand so on.

The inner and outer rings are collectively referred to as bearing rings, is an annular part with one or several raceways. The inner ring is usually fixed to the journal and rotates with the shaft; The outer ring is usually fixed to the housing or the housing of the machine and serves as a support for the rolling elements.

Rolling elementsInstalled between the inner and outer rings, it is the part that bears the load, and its shape, size and number determine the load-bearing capacity and high-speed performance.

CageThe rolling elements in the bearing are evenly separated from each other so that each rolling element rolls normally between the inner and outer rings.

GreaseIt is mainly used for the void between components to reduce mechanical friction, lubrication and sealing.

Bearings are generally divided into:Rolling and plain bearings。Rolling bearings contain rolling elements, which are rotated to support the rotating shaft, while plain bearings have no rolling elements and rely on smooth surfaces to support the rotating shaft. Rolling bearings have the advantages of small friction coefficient, high transmission efficiency and good mechanical properties, and are the leading types in the bearing industry at present, and have basically realized standardization, serialization and generalization.

According to the data of the General Administration of Customs, rolling bearings can be divided into according to the types of rolling elementsBall Bearings(848210), Tapered Roller Bearings(848220), Drum Roller Bearings(848230), Needle Roller Bearings(848240), Other Cylindrical Roller Bearings(848250).Wait. Classified according to downstream application fields, rolling bearings can be divided into:Wind power bearings, construction machinery bearings, automobile bearings, forklift bearings, metallurgical bearings, machine tool bearingsWait.

2) Overview of the development of the global bearing industry

From the end of the nineteenth century to the beginning of the twentieth century, the extensive use of machinery promoted the rise of the bearing industry in Europe and the United States. The world's first bearing company, FAG, was established in Germany in 1883, the Timken manufacturing company in the United States in 1889, and SKF in Sweden in 1907. After the 60s of the 20th century, Japan gradually replaced the monopoly position of European and American countries in the field of micro and small bearings.

With the acceleration of industrialization, Asia has become the world's largest bearing consumer market, Asian countries represented by China and Japan gradually occupy the low-end market of the bearing industry, and European and American countries still have a strong competitive advantage in the high-end bearing market.

According to Facts and Factors, the global bearing industry market size reached USD 121.6 billion in 2021 and is expected to reach USD 195.1 billion by 2028, at a CAGR of about 82%。At present, more than 50,000 kinds of bearings and more than 150,000 specifications have been produced in the world. The smallest bearing bore diameter is as small as 015-1.0 mm, weight 0003 grams, the largest bearing has an outer diameter of 40 meters and weighs 340 tons.

In terms of international enterprises, the world's eight largest bearing companies have formed a monopoly competition situation in the world by virtue of their first-mover advantage and excellent technical strength. The eight major bearing companies areSweden SKF, Germany Schaeffler, Japan NSK, Japan JTEKT, Japan NTN, American Timken, Japan NMB, Japan NACHI

In 2020, about 70% of the market share of the global bearing market will be occupied by the eight major bearing companies, and only about 20% will be accounted for by Chinese companies. The eight major bearing companies have manufacturing bases around the world to serve the local and regional manufacturing production nearby.

Asia has a large number of manufacturing bases of eight major bearing companies, among them, Japan and China have all eight major manufacturing bases. In addition, the eight major bearing companies have 62 production enterprises, regional headquarters and technical centers in China to promote the sales and R&D process in the Chinese market.

(3) Overview of the development of China's bearing industry

China's bearing industry started late, but benefiting from the support of national policies and the strong demand of the domestic market, the industry has achieved high-quality and rapid development in recent years. During the "Tenth Five-Year Plan" (2001-2005), the main business income of the whole industry increased by 16 per year on average72%, during the "Eleventh Five-Year Plan" (2006-2010), the main business of the whole industry increased by 19 per year36%。Since 2005, China has become the world's third largest bearing manufacturer in terms of sales revenue and product output.

During the 12th Five-Year Plan (2011-2015) period and the 13th Five-Year Plan (2016-2020) period, the main business income of the whole industry as a whole still maintained a growth trend, but the growth rate tended to be flat, showing a fluctuating growth trend, and there was negative growth in 2012, 2015 and 2019.

In 2020, the operating income of China's bearing industry reached 193 billion yuan, accounting for 25% of the global scale, and in 2021, China's bearing industry completed an operating income of 227.8 billion yuan, a year-on-year increase of 1803%, the output of bearings completed 23.3 billion sets, a year-on-year increase of 1768%。

China's bearing industry has entered a mature period, the industry has been transferred from the high-speed growth stage to the medium-speed growth stage, the industry output value and scale is difficult to increase significantly in the short term, the industry competition is intensified, and the competitive enterprises are easier to stand out.

After decades of development, China's bearing industry has formed a complete industrial chain system with a complete range of categories and the world's most advanced level. China's bearing enterprises are able to produce as little as 06 mm, up to 12 outer diameter37 meters of bearings of various sizes; Bearing product specifications from 2005 to 660,000 to more than 90,000 in 2017.

In the field of micro and small bearings, Chinese bearing enterprises actively participate in the competition in the international market, and gradually occupy the middle and low-end markets of micro and small bearings and some high-end markets; In terms of medium and large bearing products with higher value, the output of related products in China is less than 9%, and there is still a lot of room for improvement in terms of accuracy, performance and life.

In terms of import and export, in 2021, China imported 53$6.6 billion, up 24. year-over-year75%, export rolling bearing 66$8.8 billion, up 4.3 billion year-over-year93%, *surplus 13$2.2 billion, with a record amount of imports and exports.

*In terms of aspects, the average import price of rolling bearings in China in 2021 will be 1$82 sets, the average export price is 087 US dollars set, and the import and export price spread shows a trend of expanding year by year, indicating that China's export bearings are mostly low-end products, and with high precision, high technology content, high added value, long life of high-end products are still heavily dependent on imports, high-end bearings still have a large space for import substitution.

In terms of domestic enterprises, the overall scale of China's bearing enterprises is small, and the industry concentration is relatively low. Although the income of China's bearing industry is concentrated in enterprises above designated size, according to the data of China Bearing Industry Association, the market share of the top ten enterprises is only 281%。From the perspective of the number of enterprises, at the end of 2010, the number of bearing enterprises above designated size in China was 2,048, and then fell sharply to 1,351 in 2011, and about 1,200 enterprises above designated size in 2021.

The industrial cluster effect of China's bearing industry is more obviousWafangdian, Luoyang, Zhedong, Suxichang and LiaochengThe five major bearing industry clusters, relying on the different industrial endowments of each region, each bearing industry cluster has formed different advantageous products. Wafangdian and Luoyang are China's traditional heavy industry bases, and the production of bearings is dominated by large and extra-large bearings; Zhedong and Suzhou-Xi are often dominated by automobile production and light industry, and the production of small and medium-sized bearings has natural advantages; Shandong is strategically located and is the largest bearing base in China.

Chapter 1 bearing market characteristics

Section 1 Industry Introduction.

1. Industry overview.

Second, the characteristics of the industry.

Section 2 bearing industry development"Porter's Five Forces Model"Analyse.

1. Competition within the industry.

Second, the buyer's bargaining power.

3. The seller's bargaining power.

Fourth, the threat of entry.

V. Alternative Threats.

Chapter 2 2021-2023 global bearing market development environment status analysis

Section 1 Bearing development environment analysis.

1. Analysis of China's macroeconomic environment (GDP, CPI, etc.).

2. Analysis of the European economic environment.

3. Analysis of the U.S. economic environment.

Fourth, the analysis of Japan's economic environment.

5. Analysis of the economic environment in other regions.

6. Analysis of the global economic environment.

Section 2: Analysis of the Economic Environment.

First, the state of economic development.

2. Income growth.

3. Investment in fixed assets.

4. Changes in deposit and loan interest rates.

5. Changes in the RMB exchange rate.

Section 3: Analysis of the Policy Environment.

1. Analysis of national macroeconomic regulation and control policies.

Second, the bearing industry related policy analysis.

Section 4 analysis of the technical environment of the bearing industry.

1. Analysis of the technical environment.

2. Technology trends.

Chapter 3 2021-2023 global and domestic bearing market supply and demand balance survey analysis

Section 1 Analysis of the current situation of the international bearing market from 2021 to 2023.

First, the development process of the international bearing market.

Second, the analysis of the development of bearings in major international countries.

Third, the development trend of the international bearing market.

Section 2 2021-2023 China bearing market supply and demand balance analysis.

1. Analysis of the market size of China's bearing market from 2021 to 2023.

2. Statistical analysis of China's bearing market supply from 2021 to 2023.

3. Statistical analysis of China's bearing market demand from 2021 to 2023.

Section 3 Analysis of factors affecting the balance of supply and demand in the bearing market from 2021 to 2023.

1. External factors.

2. Internal factors.

Chapter 4 analysis of the development characteristics of the bearing market

Section 1 bearing market cyclical, seasonal and other characteristics.

Section 2 Bearing industry barriers.

First, the bearing industry entry barriers.

Second, the bearing industry technical barriers.

Third, the bearing industry talent barriers.

Fourth, the bearing industry policy barriers.

Section 3 SWOT analysis of bearing market development.

First, the bearing market development advantages analysis.

Second, the bearing market development disadvantages analysis.

Third, the bearing market opportunity analysis.

Fourth, the bearing market threat analysis.

Section 4 analysis of the degree of competition in the bearing market.

1. Market concentration analysis.

2. Analysis of market competition types.

3. Analysis of the competitive strategy of key enterprises.

Chapter 5 2021-2023 China Bearing Market Key Area Operation Analysis

Section 1 2021-2023 East China Market Situation.

First, the market size in East China.

Second, the characteristics of the market in East China.

3. Analysis of market potential in East China.

Section 2 2021-2023 Market Movement in South China.

1. Market size in South China.

Second, the characteristics of the market in South China.

3. Analysis of market potential in South China.

Section 3 Market performance in Central China from 2021 to 2023.

First, the market size in Central China.

Second, the characteristics of the market in Central China.

3. Analysis of market potential in Central China.

Section 4 2021-2023 North China Market Situation.

1. Market size in North China.

Second, the characteristics of the market in North China.

3. Analysis of market potential in North China.

Section 5 2021-2023 Market Movement in Northwest China.

First, the market size of the northwest region.

Second, the characteristics of the market in Northwest China.

3. Analysis of market potential in Northwest China.

Section 6 Market Movement in Southwest China from 2021 to 2023.

First, the market size of the southwest region.

Second, the characteristics of the market in the southwest region.

3. Analysis of market potential in southwest China.

Section 7 Market Movement in Northeast China from 2021 to 2023.

First, the market size in Northeast China.

Second, the characteristics of the market in Northeast China.

3. Analysis of market potential in Northeast China.

Chapter 6 Enterprise Analysis (5-10 companies provided).

Section 1 A Enterprise.