Global bearing production is expected to reach 155.7 billion sets

The bearing industry has a history of more than one hundred years in the world. Before the 1960s, the bearing industry was mainly monopolized by European and American countries. With the vigorous development of Japanese autos, motorcycles, office automation equipment, household appliances, machine tools and other industries, after the 1960s, Japan has gradually been in the micro and small bearing fields. Replaced the monopoly position of European and American countries. Since the 1990s, with the continuous advancement of China's production technology, Chinese bearing companies have begun to compete with Japanese companies in the micro and small bearing fields, and gradually occupied the middle and low-end markets and some high-ends of micro and small bearings. market. The bearing industry has a history of more than one hundred years in the world. Before the 1960s, the bearing industry was mainly monopolized by European and American countries. With the vigorous development of Japanese autos, motorcycles, office automation equipment, household appliances, machine tools and other industries, after the 1960s, Japan has gradually been in the micro and small bearing fields. Replaced the monopoly position of European and American countries. Since the 1990s, with the continuous advancement of China's production technology, Chinese bearing companies have begun to compete with Japanese companies in the micro and small bearing fields, and gradually occupied the middle and low-end markets and some high-ends of micro and small bearings. market.

The global bearing market gradually resumed growth. In the early 1950s, the world’s total bearing production was only 900 million units, and it reached 1.8 billion units in the early 1960s, 4 billion units in the early 1970s, and 7 billion units in the early 1980s, and over 100 in the late 1990s. Billion sets; in 1997 the world’s total bearing output exceeded 10 billion units, with total sales of approximately US$30 billion. In 2010, the total output of the global bearing manufacturing industry was 56.6 billion sets. Forward-looking Industry Research Institute predicts that by 2015, the total global bearing production will reach 155.7 billion sets.

According to the “Analysis Report on the Forecast of Production and Sales Demand and Transformation and Upgrade of China Bearing Manufacturing Industry 2015-2020” released by the Industry Research Institute of Qianwang, the market size of the global bearing industry continued to increase from 2005 to 2008. In 2009, affected by the global financial crisis, the global bearing industry market scale fell by 12.5 to 56.8 billion U.S. dollars. By 2013, the global bearing industry market size will be US$62 billion.

From a specific country point of view, the U.S. market is the largest, accounting for 23% of the world; EU countries took the second place, accounting for 21; Japan accounted for 19; Russia accounted for 6; India accounted for 4; China accounted for 10. China is the major market for bearing manufacturing in the future

Statistics show that the share of more than 70 in the world's bearing market was shared by the top ten multinational bearing group companies, including five major companies such as Japan's NSK, Sweden's SKF, Germany's FAG, and the United States' Timken. 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 markets: Asia, Oceania, Europe, North America, Latin America, and Africa, each occupying 40, 31, 25, 3, and 1 shares.

After the economic crisis, the global bearing market will increase dramatically in 2015. With the gradual increase in industrialization, OEM demand is expected to rise. In spite of the fact that the developed countries have been making sluggish production of automobiles and other durable goods in recent years, they have seriously affected the demand for bearings. However, durable goods and automobile production in developed markets will likely increase in the coming years. Therefore, the growth of developed markets will be further supplemented by the strong growth of the terminal sector in the growth market, especially the Chinese market. In 2011, China surpassed the traditional market of the United States as the world's largest auto-producing country, and has also maintained a leading position in the past few years.