In 2020, bearing market supply and demand decline, tends to high-end, green and brand industry development direction

24-09-2021

In 2020, bearing market supply and demand decline, tends to high-end, green and brand industry development direction

    Bearing is an important part of contemporary mechanical equipment, and its downstream is widely used in industrial automation, high-end equipment, robotics, automobile manufacturing and other fields.In the past two years, the supply and demand sides of China's bearing industry have declined due to the decline in the demand of downstream industries such as automobile and machine tools, and the fact that the industry is in the stage of structural adjustment, transformation and upgrading, and backward production capacity has been gradually eliminated.

On the supply side, data show that in 2019, China's bearing industry output was 19.6 billion sets, down 8.83% year-on-year.Affected by the epidemic in 2020, the industry output continued to decline. By the end of January-June 2020, 127 enterprises in China's bearing industry produced 2.47 billion sets of bearings, down 5.05% year-on-year.

Heavy Industry

Data source: China Bearing Industry Association

On the demand side, China's demand for bearings has also shown a slowing trend, and operating efficiency has declined.Data show that in 2019, the operating revenue of China's bearing manufacturing industry declined to 177 billion yuan, down 4.22% year on year.In 2020, affected by the epidemic, industry revenue continued to decline. By the end of January-June 2020, 127 major enterprises in China's bearing manufacturing industry had achieved 42.45 billion yuan in revenue from their main business, down 4.15% year on year.

H1 Operating revenue and year-on-year growth of China's bearing industry from 2016 to 2020

Industry parts

Data source: China Bearing Industry Association

At the same time, in the past two years, coupled with the aggravation of sino-US trade disputes and the impact of the epidemic, the situation of China's bearing industry in the export market has become extremely severe.Data show that as of January to August 2020, China's bearing export quantity is 362,600 tons, down 37.9% year on year;The value of exports was $2.222 billion, down 15.6% year on year.

China's bearing export quantity and Value from January to August, 2016 to 2020

cooperation

Source: General Administration of Customs

In this situation, in order to maintain rapid growth, China's bearing industry will continue to eliminate backward production capacity, improve product technical content, work efficiency, reliability and accuracy, high-end, green and brand will become the future development trend of China's bearing industry.


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