Release time : 2015-06-15 10:42:49
Research and Markets ( http://www.researchandmarkets.com/research/e495dc/indepth_analysis) has announced the addition of the "In-depth Analysis of China's Bearing Industry 2008" report to their offering.
China is the world's fourth largest bearing producer behind the United States, the European Union and Japan, accounting for 10 per cent of the global bearing market. The total sales of China's bearing industry in 2007 was 80.5 billion yuan, an increase of 25.7 per cent year-on-year and produced various kinds of roller bearing 11,022 billion sets, an increase of 37.86 per cent year-on-year. In the first quarter of 2008 the total roller bearing was 2.46 billion sets, an increase of 13.01 per cent year-on-year.
The majority of bearings produced in China are small and mid-sized, the proportion of large-scale bearing is very small, less than 3 per cent of its total output, but, on the other hand, the price of the large scale bearing per set is relatively higher, in terms of output value that the large-sized bearing accounts for more than 35 per cent of the total. Presently, the small and mid-sized bearing is still dominated the Chinese bearing market, but the large-sized bearing has developed fast. In terms of the type of products that the ball bearing took majority, accounting for 79.8 per cent of the total output in 2006, roller bearings was in second place accounted for 10.58 per cent, oscillating bearing and auto-CVJ, which has a higher value but only took small proportions.
The average export price of Chinese Bearing products in 2007 was $0.476/set, raised $0.034/set than 2006, and in the first quarter of 2008 was $0.54/set; but if considering the factors such as the appreciation of Renminbi and rising cost, actually the export price of Chinese bearing products has changed very slightly.
According to the China Bearing Industry Association's statistics, the number of China's above scale bearing enterprises are 1205, the concentration ratio of the top 10 enterprises is 22.43 per cent, the average market share of each company is 2.243 per cent and of the top 30 is 32.97 per cent, the average market share of each company is 1.099 per cent. The industry concentration ratio is relatively low and the industry gross profit and ROE is lower than the international competitors. In 2007 the average gross profit margin of bearing industry was 14.3 per cent and average ROE was 2.38 per cent. The weakness of China's bearing industry is the lack of bargain ability of raw materials and can not effectively transfer the rising cost of raw materials.
The most prospects sub-bearing sectors are bearings of construction machinery, wind power, railway, agricultural machinery and metallurgical mine. The prosperity of these sub-sectors are in a rising period; bearing of motorcycle, household appliances and machine tools are in an adjustment period, the driver is from the increasing demands of the downstream sectors' technology upgrade, and the industry demand is from high value-added bearing products which will instead import products. Bearing of automobile and petrochemical machinery, which are affected by the governmental macro-control policy, will be in downturn in the next two years.
Key Topics Covered:
1 Overview of Bearing Industry
2 The circumstance of China's bearing industry
3 Analysis of industry concentration
4 Analysis of downstream sub-sector
5 Key companies
- Zhejiang Tianma Bearing Co., LTD
- Fujian Longxi Bearing Corporation limited
- Luoyang Bearing Science and Technology Co., Ltd
For more information visit http://www.researchandmarkets.com/research/e495dc/indepth_analysis