FOSHAN GOODMAN HARDWARE PRODUCTS CO.,LTD
Forecast of China's bearing industry market size from 2018 to 2023
Issuing time:2019-12-24 00:00
From January to June 2018, the output of bearing steel products of China's major special and special steel enterprises was 19.666 million tons, an increase of 17.13% compared with the same period last year. A bearing is a pivotal component in contemporary mechanical equipment. Its main function is to support a rotating shaft or other moving body, guide rotation or movement and bear the load transmitted by the shaft or parts on the shaft. The following analyzes the layout of the bearing industry.
Analysis of the layout of the bearing industry. As China has vigorously developed the machinery manufacturing industry in recent years, the downstream industry of the bearing industry has developed rapidly, and the demand for bearing products has continued to increase, which has led to a continuous increase in the sales revenue and profit of the bearing industry. For example, with the development of Chinese industrial machinery and automobiles, the demand for supporting bearings has further increased. However, as the growth rate of major downstream demand markets slows, the scale of the bearing industry will also slow. According to the analysis and forecast of the bearing industry analysis, the market size of China's bearing industry is expected to reach 306.3 billion yuan by 2023.
Bearings are mechanical basic parts, and the bearing industry is a technology-intensive, capital-intensive, and labor-intensive industry that is compatible with each other. Due to the low barriers to entry and the lack of an exit mechanism, a large number of small-scale enterprises have led to a low concentration of the Chinese bearing industry, which has directly led to fierce competition in the Chinese bearing market. Now analyze the bearing industry layout from two major correlations.
① Relevance between upstream industry and bearing industry and its impact
The main raw material of the bearing industry is special steel. The supply of upstream raw materials and price fluctuations have an impact on the bearing industry. Analysis of the layout of the bearing industry. On the one hand, the output of special steel products in China has maintained a rapid growth for many years, ensuring the supply of special steel products in the bearing industry, which can fully meet the quality requirements of raw materials for bearing production. On the other hand, the prices of major raw materials and special steel products have fluctuated sharply in recent years, which has brought certain pressure on working capital and pressure on risk management of inventory falling prices to bearing manufacturers. Due to the high proportion of special steel in production costs, the sales price of various products has a higher correlation with the price of special steel, and their price trends are basically the same.
② Relevance and influence of downstream industry and bearing industry
The downstream industries of the bearing industry are mainly engineering machinery and heavy vehicles. Analysis of the layout of the bearing industry, "Stable growth, price control, structural adjustment, benefiting people's livelihood, grasping reform, and promoting harmony" are the themes of China's economic development this year. The state regulates the continuous development of economic development through active fiscal policies and stable monetary policies For the company's business development, the pressured investment policy will bring structural opportunities to bearings and gears (boxes).
Analysis of the layout of the bearing industry. Bearings are important basic parts and their manufacturing plays an important role in the machinery industry. However, compared with the world's strong bearing industry, there is still a big gap in China's bearing industry. The main manifestations are high precision, high technology content, high added value, and the proportion of long-life products is generally low. The stability and innovation of the products need to be determined. Further improvements. In recent years, more and more well-known overseas bearing companies such as Sweden's SKF, Germany's FAG, Japan's NSK, and the United States' TIMKEN have chosen to invest and set up factories in China, intensifying competition in the domestic bearing market.