Explanation of Africa bearing market

Explanation of Africa 2019 - bearing market 02 - 16 bearing is mainly used for reducing friction between the moving parts of mechanical components. Such as automobile, construction, oil and gas in Africa a few vertical industry technology progress, bearing in the application and function of the African market development, the application of the smart bearings and other high-end technology can also help manufacturers constantly monitor the bearing operation. At present, although the bearing of the African continent is only 1% of global demand, but the auto industry, construction and the development of oil and gas industry and other fields are bring new industry energy for African bearing market. As the largest consumer of South Africa, mainly mining with bearing. African market mainly by SKF, FAG bearings and bearing of Japan occupied, in recent years, Africa, Romania, the Czech republic to China, Russia and other countries of bearing demand growth to a certain extent, bearing products from these countries began to fight for market share, such as Japan, SKF, FAG, mainly agricultural machinery, automobile, After the market) And bearing in mines. Currently, the main bearing market in Africa by countries such as South Africa, Nigeria, Egypt and Algeria. According to foreign media reports, the bearing has a great potential market of South Africa, annual sales of about 200 million ~ 2. Between the 800 million dollars. South Africa currently include the use of bearing most dependent on imports, mainly from Europe, America and the far east and other places. South Africa's main bearing importers BearingMan company, Ina - FAG, SKF and Timken company, etc. Among them, BearingMan company in South Africa has about a third of the market share. In addition, SKF company and Timken company in South Africa has a bearing manufacturing factory, the production of bearing types and styles can be customized according to user requirements. BearingMan company officials said the South Africa basically does not belong to the country of origin of the equipment manufacturing, automobile, engineering machinery and other large equipment manufacturing industry in South Africa for bearing parts are mostly imported from abroad. Therefore, for the moment, China bearing enterprises to enter the South African market. According to the china-africa trade research center learned that in 2014, the global bearing market worth $759. $100 million, and by 2018 the global bearing market is expected to reach $101 billion, 2014 and 2020, a compound annual growth rate is expected to be 7. 7%. Industrial original equipment bearing market accounts for about 40% of the world's needs, including light and heavy industry machinery and equipment manufacturers, as well as aerospace, the highway and railway vehicle manufacturers, etc. Through a distributor ( Industrial distribution and the independent automotive aftermarket) Sales to keep about 30% of the world bearing requirements, of which about 25% related to the automobile service market, about 75% is associated with industrial markets. Currently, the main bearing of Africa market is driven by the automotive industry's growing demand, Africa's auto production increase greatly increased the demand for auto bearing. In addition, the iron and steel industry, railways, defense and aerospace industry demand growth also promote the growth of the bearing market in Africa, and processing industry demand for energy efficiency is greatly increased the demand for bearings. In recent years, China has bearing on South Africa's export growth is bigger, plus China bearing marketable, market prospects look good. Should focus on development of South Africa, Egypt, Nigeria, and Tunisia, and other important bearing market in African countries. （ Ed: china-africa trade research center)