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In 2020, the overall supply of the bearing industry will exceed the demand

In 2020, the overall supply of the bearing industry will exceed the demand

2021-05-25

In 2020, China's bearing industry will achieve total revenue of 193 billion yuan from its main business, with a year-on-year growth of 9.04%. It is mainly affected by the rapid growth of supporting bearing enterprises in infrastructure construction, such as wind power, engineering machinery, metallurgy, and mining.

At present, five mature bearing industry agglomeration zones have been formed in China, including Wafangdian bearing industry agglomeration zone, Luoyang bearing industry agglomeration zone, Su-Xi-Chang bearing industry agglomeration zone, Eastern Zhejiang bearing industry agglomeration zone, and Liaocheng bearing industry agglomeration zone.

The industry's main business revenue is nearly 200 billion yuan

From 2015 to 2020, the main business income of the national bearing industry showed fluctuating growth. In 2020, China's bearing industry will achieve total revenue of 193 billion yuan from its main business, with a year-on-year growth of 9.04%. It is mainly affected by the rapid growth of supporting bearing enterprises in infrastructure construction, such as wind power, engineering machinery, metallurgy, and mining.

Total industry production fluctuates around 20 billion sets

Fluctuation of bearing output in China from 2015 to 2020. In 2019, the output of China's bearing industry declined due to the declining demand of downstream automobile and machine tool industries. In 2019, the output was 19.6 billion sets, down 8.8% year on year. In 2020, the output recovered to 19.8 billion sets, with a year-on-year increase of 1.0%.

In 2020, overall supply will exceed demand

Data from China Bearing Industry Association show that the production and sales ratio of major bearing manufacturers in China fluctuates from 2018 to 2020. In 2020, 117 major bearing manufacturing enterprises in the industry produced 5.54 billion sets of bearings, and the sales volume of bearings was 5.39 billion sets, with a production-sales rate of 97.16%. The output and sales volume increased by 8.35% and 3.59% respectively year on year, showing the overall situation that supply exceeds demand.

The competition among the top enterprises in the industry is relatively stable

From 2018 to 2020, the top five enterprises in the main business of China bearing industry are occupied by five enterprises, namely, RenRen, Wanxiang Qianchao, Tianma, Luoxian and tile axis.Among them, Renren and Wanxiang maintained the first and second positions in the industry respectively, and the pattern of the top enterprises in the industry was relatively stable.

From the perspective of the proportion of revenue of the top 10 enterprises in the whole industry, the proportion increased from 20.9% in 2018 to 28.6% in 2019, and the proportion decreased slightly to 28.1% in 2020.


Five major bearing industry clusters in China

At present, five mature bearing industry agglomeration zones have been formed in China, including Wafangdian bearing industry agglomeration zone, Luoyang bearing industry agglomeration zone, Su-Xi-Chang bearing industry agglomeration zone, Eastern Zhejiang bearing industry agglomeration zone and Liaocheng bearing industry agglomeration zone. The basic information of the bearing industry cluster is as follows:



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