Global and China Bearing Industry Report, 2013-2016
Bearing is a key component in contemporary mechanical equipment, finding wide application in automobile, electromechanics, construction machinery, household appliances, metallurgy and mining machinery, etc. In 2013, the global bearing market size (sales) reached USD 62 billion (about RMB 281.2 billion), of which Asia accounted for 50%, Europe 25% and the Americas 20%. In particular, the Asian bearing market is mainly concentrated in Japan, India and China. Bearing output in China as one of the world's major producers of bearings was 19.6 billion units in 2013, falling 6.7% from a year earlier, which was mainly due to the glide in boom of automobile, machine tool, construction machinery and other downstream sectors. In 2014, boosted by downstream markets such as automobile and railway, China's output of bearing is expected to pick up a bit. View Complete Report @ http://www.chinamarketresearchreports.com/114887.html . Currently, automobile is the largest application market for bearing in China, enjoying a 30.1% market share. In 2013, automotive bearing demand in China was 1.1 billion units, which was expected to grow to 1.2 billion units in 2014. In addition to the demand from automobile, acceleration of railway construction in China also stimulated the demand of railway bearings, which was approximately 5.41 million units in 2013 and is predicted to reach 5.84 million units in 2014. With the development of Chinese bearing market, the world's top eight bearing manufacturers including SKF, NSK and NTN have, without exception, entered China. At the same time, ZWZ, ZYS Luoyang Bearing Science & Technology, NXZ Xibei Bearing Co., Ltd and other domestic enterprises also have strengthened their pioneering in bearing business. SKF: The world's largest bearing manufacturer, in 2013 its revenue from bearing business approximated USD 8.1 billion (about RMB 49.8 billion). At present, it has set up 18 production...
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