The bearing industry has a development history of over a hundred years worldwide. Before the 1960s, the bearing industry was mainly monopolized by European and American countries; With the vigorous development of industries such as automobiles, motorcycles, office automation equipment, home appliances, and machine tools in Japan, Japan has gradually replaced the monopoly position of European and American countries in the field of micro and small bearings since the 1960s. Since the 1990s, with the continuous progress of production technology in China, Chinese bearing enterprises have begun to compete head-on with Japanese enterprises in the field of micro and small bearings, and have gradually occupied the mid to low-end and some high-end markets of micro and small bearings.
1、 The global bearing market is gradually recovering growth
In the early 1950s, the total production of bearings in the world was only 900 million sets, reaching 1.8 billion sets in the early 1960s, 4 billion sets in the early 1970s, 7 billion sets in the early 1980s, and over 10 billion sets in the late 1990s; In 1997, the total production of bearings in the world exceeded 10 billion sets, with a total sales revenue of approximately 30 billion US dollars. In 2010, the total output of the global bearing manufacturing industry was 56.6 billion sets. The forward-looking industry research institute predicts that by 2015, the total global production of bearings will reach 155.7 billion sets.
2、 China is the main market for the future bearing manufacturing industry
Statistical data shows that over 70% of the world bearing market share is shared by the top ten multinational bearing group companies, including five major companies such as NSK in Japan, two companies such as SKF in Sweden, FAG in Germany, and two companies such as Timken in the United States. At the same time, the high-end market of the world's bearing industry is monopolized by the aforementioned 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 and Oceania, Europe, North America, Latin America, and Africa, with respective shares of 40%, 31%, 25%, 3%, and 1%.
After the economic crisis, the global bearing market will experience a sharp increase in 2015. With the gradual increase of industrialization, the demand for OEM is expected to increase. Although the production of durable goods such as automobiles in developed countries has been sluggish in recent years, which has seriously affected the demand for bearings. However, in the coming years, the production of durable goods and cars in developed markets is likely to increase. Therefore, the growth of developed markets will serve as a further supplement to the strong growth of the end sector in growth oriented markets, especially in the Chinese market. In 2011, China surpassed the traditional main market of the United States to become the world's largest automobile production country, and has also maintained a leading position in the past few years.
