With the continuous development of the global industrial field, bearing as a key mechanical parts, its market demand will continue to grow. Especially in the field of high-end equipment such as new energy vehicles, rail transit, and aerospace, the application of bearings will be more extensive, bringing new growth points to the industry.
Bearing is an important part of contemporary machinery and equipment. Its main function is to support the mechanical rotating body, reduce the friction coefficient during its movement, and ensure its rotation accuracy. According to its working mode and structural characteristics, bearings can be divided into two categories: plain bearings and rolling bearings. Sliding bearing refers to the sliding friction bearing, characterized by smooth work, reliable, no noise; Rolling bearings are bearings that rely on the rolling of the rolling element to achieve transmission, and have the advantages of small friction resistance, sensitive starting, high efficiency, simple lubrication and easy replacement.
Bearing industry chain analysis
Raw material supply:
The main raw materials include steel, copper, aluminum, etc., among which the quality of steel has the greatest impact on the bearing performance. Raw material suppliers need to provide high-quality raw materials and ensure timely delivery to ensure the smooth subsequent processing links. According to the data of China's bearing manufacturing industry, raw material procurement occupies the largest proportion of operating costs, reaching 71.3%.
Parts Manufacturing:
Parts manufacturing is an important part of bearing production, including the processing and manufacturing of inner and outer rings, rolling parts, cages and other parts. This link requires high-precision processing equipment and technology to ensure the accuracy and quality of the parts.
Bearing production:
Bearing production is the core link of the entire industry chain. Manufacturers need to master advanced production processes and technologies to ensure the quality and performance of bearing products. Bearing production needs to go through multiple processes, including ball grinding, component assembly, heat treatment, cleaning, lubrication and packaging.
Sales and after-sales Service:
After the completion of bearing production, sales and after-sales service are required. Sales channels include distributors, agents and direct sales. After-sales service includes product quality assurance, technical support and maintenance services.
Bearing market size and market competition pattern analysis:
According to global data, the global bearing market size reached 130.2 billion US dollars in 2022, up 7.3% year-on-year. China, as the world's largest bearing market, accounts for about 33% of the world's bearing demand.
International competition:
In the global market, eight international bearing enterprises occupy a dominant position, mainly concentrated in the high-end market. These enterprises have strong competitiveness in the global market through technological innovation and brand influence.
Product segment competition:
In the product segment market, roller bearings occupy the largest market share, accounting for about 47.4%, followed by ball bearings, accounting for about 38.8%. Plain bearings, although relatively small, are preferred in applications that require greater resistance to damage from oscillatory motion.
Analysis of bearing industry market development status and future development prospects in 2024:
China's bearing manufacturing industry has continued to develop in recent years and has become the world's third largest bearing production country.
In 2022, China's bearing production reached 25.9 billion sets, up 11.2% year-on-year, the peak in recent years.
The apparent consumption of bearings also showed an upward trend, reaching 20.165 billion sets in 2022.
International cooperation:
With the acceleration of the process of globalization and the continuous development of international trade, the bearing industry will strengthen cooperation and exchanges with the international market.
Through the introduction of foreign advanced management experience and technical means to promote the innovation and development of the domestic bearing industry, while actively expanding overseas markets, enhance brand influence.
In 2024, the bearing industry market will continue to maintain a growth trend, and technological innovation and green environmental protection will become an important direction of the development of the industry. At the same time, international cooperation will also bring new development opportunities for the industry.
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