Bearing industry in the world has one hundred years of history. Before the 1960s, the bearing industry is mainly dominated by Europe and the United States; to develop with Japanese cars, motorcycles, office automation equipment, home appliances, machine tools and other industries, after the 1960s, Japan in the micro and small bearing areas have been gradually replacing the monopoly of the United States and Europe. Into the 1990s, along with the continuous progress of China's production technology, in micro and small bearing areas, Chinese companies began bearing direct competition with Japanese companies, and gradually occupied the micro, medium and low-end market and some small bearings market.
Early 1950s, the world's total output, but 900 million sets of bearings, early sixties reached 1.8 billion units, the early seventies of 40 million units in the early 1980s to 70 million units, more than 100 in the late nineties million units; in 1997 the total output of more than 10 billion world bearing units, total sales of approximately $ 30 billion. In 2010, the global bearing manufacturing industry production was 56.6 billion units. Prospective Industrial Research Institute predicts that by 2015, global production will reach 155.7 billion bearing sets.
According to the Institute for Prospective industry released "Chinese bearing manufacturing industry sales demand forecasts 2015-2020 and upgrade analysis report" Data show that from 2005 to 2008, the global market size of bearing industry continues to grow. In 2009, affected by the global financial crisis, the global bearing industry market size declined from 12.5 to 56,800,000,000 US dollars. By 2013, the global market size of bearing industry $ 62 billion.
From a specific country, the United States the largest market, accounting for 23 worldwide; followed by EU countries, accounting for 21; Japan accounted for 19; Russia accounts for 6; India accounted for 4; China accounted for 10 China is the next major market bearing manufacturing industry
Statistics show that the share of more than 70 of the world bearing market is ten multinational companies share Bearing Group, including Japan NSK other five companies, the Swedish company SKF, FAG and other companies, American companies such as Timken. Meanwhile, the high-end market in the world bearing industry is monopolized by these companies, but the market is mainly concentrated in the middle and low China.
If, by region, the global bearing market can be divided into Asia and Oceania markets, European markets, North America market, Latin America, Africa, five large markets, respectively, and 1 share 40,31,25,3.
After the economic crisis, the global bearing market will surge in 2015. With the gradual increase in industrialization, OEM demand is expected to rise. Although the production of automobiles and other durable goods in developed countries in recent years, not the economy, thus adversely affecting the demand for bearings. However, in the next few years, developed markets durables and automobile production will likely increase. Therefore, the growth in developed markets as growth markets particularly strong Chinese market further added terminal sector growth. In 2011, China surpassed the United States as the world's main market this tradition largest automobile producing countries, and in the past few years has been to maintain a leading position.
