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Global and China Bearing Industry Report, 2016-2020

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Date: 17-May-2016
No. of pages: 192
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Bearing, a critical component for contemporary mechanical equipment, finds wide applications in automobile, electromechanics, construction machinery, household appliances, metallurgy and mining machinery, etc..

In 2010-2015, the global bearing industry grew steadily, as the output jumped at a CAGR of 9.9%. The output is expected to be 100.5 billion sets with a year-on-year growth of 10.9% in 2016, and exceed 150 billion sets in 2020.

As one of major bearing producers in the world, China produced 22 billion sets of bearings in 2015 (accounting for 24.3% globally), basically same with last year. As the bearing industry gradually stabilizes, Chinese policies will continue to encourage the development of high-end bearing products during the Thirteenth Five-year Plan period, thereby promoting the further development of the bearing industry. In 2016-2020, China's bearing output is expected to grow at a CAGR of 7.8%.

About 1/4 of bearings produced by China are exported. In 2015, Chinese bearing import and export market saw a trade surplus for the first time, namely China exported 5.46 billion sets of bearings (edging up 1.7% year on year) and fetched the export value of USD4.7 billion (up 24.7% year on year); the average export price increased by 22.6% year on year to USD0.86 per set.

In China, bearings are mainly used in automotive, motorcycle, wind power, railway and other fields. Driven by policies and market development, the demand of automotive and wind power fields for bearings will grow steadily in future. The average annual growth rate of the auto bearing demand is estimated at about 5% in 2016-2020, while the demand for high-end auto bearings will grow at more than 10%; the demand for wind power bearings will slow down, but will maintain the growth rate of above 10% in the next few years.

The global bearing market is mainly occupied by Japanese and European companies. In 2015, Sweden SKF still ranked the world's first with 11.4% market share, followed by Germany Schaeffler with 9.6%.

The largest Chinese bearing manufacturer C & U Group seized 4.3% market share in China, but only 1.8% in the global market in 2015; the second-ranked Luoyang LYC Bearing garnered 3.1% market share in China and merely 1.3% in the world.

In 2015, CR10 of Chinese bearing market was 14.5%, an increase of 4 percentage points over 2014, mainly thanks to technological breakthroughs and better market competitiveness of Chinese enterprises in the past two years.

Luoyang LYC Bearing successfully produced the first set of 6 MW wind power spindle bearings in China in March 2016 to fill the company's gap in high-megawatt spindle bearings.

In 2016, wind power 2.0 MW and 2.5 MW speed-up machine bearings developed by Wafangdian Bearing Group cover low-speed and high-speed ends as well as realize installation, substituting the imported counterparts completely and breaking the long-term monopoly of foreign companies in this field.

Global and China Bearing Industry Report, 2016-2020 by ResearchInChina highlights the followings:


  • Global bearing market size, structure, competitive landscape, etc;

  • Development environments, status quo, market size, market structure, competitive landscape, import & export, etc. of China bearing industry;

  • Overview, market size, competition pattern, etc. of major upstream bearing industries (bearing steel, aluminum, copper, plastic, ceramics, etc.);

  • Development, product applications, etc. of main downstream bearing industries (automobiles, motorcycles, railway, wind power, engineering machinery, mining and metallurgy, etc.);

  • Operation, layout in China, bearing business, development, etc. of 8 global and 10 Chinese bearing manufacturers.

Global and China Bearing Industry Report, 2016-2020

Table of Contents

1. Introduction to Bearing
1.1 Definition
1.2 Classification
1.3 Industry Characteristics
1.3.1 Periodicity
1.3.2 Regionality
1.4 Existing Problems
1.5 Industry Chain

2. Development of Global Bearing Industry
2.1 Market Size
2.1.1 Output
2.1.2 Sales
2.2 Market Structure
2.3 Competitive Landscape
2.4 Major Producers
2.4.1 Japan
2.4.2 USA

3. Bearing Industry in China
3.1 Policy Environment
3.1.1 Supportive Policies for Key Products
3.1.2 Trade Policy
3.1.3 Foreign Access Policies
3.2 Status Quo
3.2.1 Enterprises
3.2.2 Sales
3.2.3 Climate
3.3 Market Size
3.3.1 Output
3.3.2 Consumption
3.3.3 Independence
3.4 Market Structure
3.5 Import & Export
3.5.1 Import
3.5.2 Export
3.6 Competitive Landscape
3.6.1 Industry Concentration
3.6.2 Enterprise Pattern
3.6.3 Regional Structure

4 Status Quo of Major Upstream Bearing Industries
4.1 Bearing Steel
4.1.1 Overview
4.1.2 Market
4.1.3 Competition Pattern
4.2 Copper
4.2.1 Overview
4.2.2 Market
4.3 Aluminum
4.3.1 Overview
4.3.2 Market
4.4 Others
4.4.1 Plastics
4.4.2 Ceramics

5 Status Quo of Major Downstream Bearing Application Markets
5.1 Automotive
5.1.1 Bearing Applications
5.1.2 Status Quo
5.2 Motorcycle
5.2.1 Bearing Applications
5.2.2 Status Quo
5.3 Railway
5.3.1 Bearing Applications
5.3.2 Status Quo
5.4 Wind Power
5.4.1 Bearing Applications
5.4.2 Status Quo
5.5 Construction Machinery
5.5.1 Bearing Applications
5.5.2 Status Quo
5.6 Metallurgical and Mining Machinery
5.6.1 Bearing Applications
5.6.2 Status Quo
5.7 Other Application Markets
5.7.1 Petrochemical
5.7.2 Machine Tool
5.7.3 Home Appliance

6. Major Foreign Bearing Manufacturers
6.1 SKF
6.1.1 Profile
6.1.2 Operation
6.1.3 Revenue Structure
6.1.4 Bearing Business
6.1.5 Development in China
6.2 Schaeffler
6.2.1 Profile
6.2.2 Operation
6.2.3 Revenue Structure
6.2.4 Bearing Business
6.2.5 Development in China
6.3 NSK
6.3.1 Profile
6.3.2 Operation
6.3.3 Revenue Structure
6.3.4 Bearing Business
6.3.5 Marketing Network
6.3.6 Development in China
6.4 NTN
6.4.1 Profile
6.4.2 Operation
6.4.3 Revenue Structure
6.4.4 Bearing Business
6.4.5 Development in China
6.5 TIMKEN
6.5.1 Profile
6.5.2 Operation
6.5.3 Revenue Structure
6.5.4 Bearing Business
6.5.5 Development in China
6.6 Minebea
6.6.1 Profile
6.6.2 Operation
6.6.3 Revenue Structure
6.6.4 Bearing Business
6.6.5 Development in China
6.7 Nachi
6.7.1 Profile
6.7.2 Operation
6.7.3 Revenue Structure
6.7.4 Bearing Business
6.7.5 Development in China
6.8 Jtekt
6.8.1 Profile
6.8.2 Operation
6.8.3 Revenue Structure
6.8.4 Bearing business
6.8.5 Development in China

7. Major Chinese Bearing Manufacturers
7.1 Wafangdian Bearing Group Corp
7.1.1 Profile
7.1.2 Operation
7.1.3 Revenue Structure
7.1.4 Product R&D
7.1.5 Marketing Network
7.1.6 Major Subsidiary- Wafangdian Bearing Co., Ltd
7.1.7 Development Strategy
7.2 Luoyang LYC Bearing Co., Ltd
7.2.1 Profile
7.2.2 Operation
7.2.3 Marketing Network
7.2.4 Developments
7.3 Harbin Bearing Manufacturing Co., Ltd
7.3.1 Profile
7.3.2 Operation
7.3.3 Development Strateg
7.4 Tianma Bearing Group Co., Ltd
7.4.1 Profile
7.4.2 Operation
7.4.3 Revenue Structure
7.4.4 Gross Margin
7.4.5 Bearing Business
7.4.6 Competitive Edge
7.5 Xiangyang Automobile Bearing Co., Ltd
7.5.1 Profile
7.5.2 Major Customers and Suppliers
7.5.3 Operation
7.5.4 Revenue Structure
7.5.5 Gross Margin
7.5.6 Bearing Business
7.5.7 Marketing Network
7.6 Fujian Longxi Bearing (Group) Corp., Ltd
7.6.1 Profile
7.6.2 Operation
7.6.3 Revenue Structure
7.6.4 Gross Margin
7.6.5 Bearing Business
7.6.6 Competitive Edge
7.6.7 Development
7.7 Luoyang Bearing Science & Technology Co., Ltd.
7.7.1 Profile
7.7.2 Operation
7.7.3 Revenue Structure
7.7.4 Gross Margin
7.7.5 Bearing Business
7.7.6 Competitive Edge
7.7.7 Developmen
7.8 Baota Industry Co., Ltd.
7.8.1 Profile
7.8.2 Major Customers and Suppliers
7.8.3 Operation
7.8.4 Revenue Structure
7.8.5 Gross Margin
7.8.6 Bearing Business
7.8.7 R&D
7.8.8 Developments
7.9 C&U Group
7.9.1 Profile
7.9.2 Operation
7.9.3 Bearing Business
7.9.4 Developments
7.10 WanxiangQianchao Co., Ltd.
7.10.1 Profile
7.10.2 Major Customers and Suppliers
7.10.3 Operation
7.10.4 Revenue Structure
7.10.5 Gross Margin
7.10.6 Bearing Business
7.10.7 Development Strategy

8. Summary and Forecast
8.1 Market
8.2 Enterprise

List of Charts

Classification of Bearings
Schematic Diagram of Bearing
Distribution of Five Major Bearing Industrial Agglomerations in China
Bearing Industry Chain
Global Bearing Output, 2010-2020E
Global Bearing Sales, 2008-2020E
Global Bearing Sales Structure by Region, 2015
Global Top10 Bearing Manufacturers, (FY) 2015
Japan's Bearing Output and Growth Rate, 2005-2016
Japan's Bearing Output Value and Growth Rate, 2005-2016
Japan's Bearing Output Structure (by Product), 2015
Japan's Bearing Output Value Structure (by Product), 2015
Japan's Bearing Import & Export Volume, 2009-2016
Japan's Bearing Import & Export Value, 2009-2016
USA's Bearing Import Volume Structure (by Product), 2015
USA's Bearing Import Volume Structure (by Country), 2015
Key Bearings in China
Number of Bearing Manufacturers in China, 2005-2015
Type of Bearing Manufacturers in China, 2015
Operating Revenue and Total Profit of Bearing Industry in China, 2011-2020E
Prosperity Index of Bearing Industry in China, 2012-2015
China’s Bearing Output, 2007-2020E
China’s Rolling Bearing Output and Growth Rate, 2007-2020E
China’s Apparent Consumption of Bearing, 2007-2020E
Independence of China's Major Equipment Bearings, 2015/2020E
China’s Rolling Bearing Output Structure (by Province and Municipality), 2015  
China’s Bearing Import Volume and Value, 2011-2016
China’s Bearing Import Volume Structure by Country/Region, 2015
China’s Bearing Import Value Structure by Country/Region, 2015
China’s Bearing Export Volume and Value, 2008-2016
China’s Bearing Export Volume Structure by Country/Region, 2015
China’s Bearing Export Value Structure by Country/Region, 2015
China’s Bearing Export Average Price, 2014-2015
Comparison of Bearing Industry Concentration in China, Germany, United States, and Japan, 2015
Top 5 Domestic Companies by Bearing Revenue in China, 2015
China’s Bearing Output Structure by Province/Municipality, 2014-2015
Main Categories of Bearing Steel
Indicator Comparison between Domestic and Foreign Bearing Steel (GCr15)
Main Foreign New-type Bearing Steel
China’s Bearing Steel Output, 2014-2015
Bearing Steel Ex-factory Price of China’s Major Manufacturers, 2015
Competition Pattern in Chinese Bearing Steel Market, 2015
Distribution of Global Copper Mine Resources
Distribution of China's Copper Mine Resources
China’s Copper Mine Reserves Structure (by Province and Municipality), 2015
Global Refined Copper Output and Sales Volume, 2012-2016
China's Refined Copper Output and Sales Volume, 2012-2016
Distribution of Global Bauxite Resources
Distribution of China's Bauxite Resources
Global Primary Aluminum Capacity and Output, 2014-2015
Revenue and Profit of China's Plastic Product Industry, 2010-2016
Output and Growth Rate of China's Plastic Products, 2004-2016
Operating Revenue of China's Ceramic Industry, 2015
Operating Revenue Structure of China's Ceramic Industry (by Product), 2015
Loss Structure of China's Ceramic Industry (by Region), 2015
Bearing Structure of Sedan (by Type)
China’s Demand for Automotive Bearing, 2013-2020E
Major Automotive Bearing Manufacturers Worldwide
Sales Volume of Passenger Vehicle Worldwide, 2005-2016
Sales Volume of Commercial Vehicle Worldwide, 2005-2016
Automobile Sales Volume of Major Countries in the World, 2015
Changes in China’s Automobile Sales Volume, 2011-2016
China’s Automobile Output and Sales Volume, 2016-2020E
Early Warning Index of Auto Dealer Inventory in China, 2014-2016
Sales Volume Structure of Passenger Vehicles in China (by Country), 2015
Competition Pattern of Automotive Market in China, 2015
China's Motorcycle Bearing Demand, 2013-2020E
China's Motorcycle Sales Volume and Growth Rate, 2006-2016
China's Motorcycle Sales Volume Structure (by Type), 2015
China's Motorcycle Output Structure (by Province and Municipality), 2015
China’s Demand for Railway Bearing, 2013-2020E
China’s Railway Operating Mileage and Investment, 2011-2016
China’s Railway Locomotive Output and Growth Rate, 2005-2016
China’s Railway Wagon Output and Growth Rate, 2006-2016
China’s Passenger Train Output and Growth Rate, 2006-2016
China's Wind Power Bearing Demand, 2009-2020E
Major Wind Power Bearing Manufacturers in China
China's Wind Power Installed Capacity, 2008-2020E
China's New Wind Power Installed Capacity (by Province and Municipality), 2005-2015
Average Power of China's Newly and Cumulatively Installed Wind Power Units, 1991-2015
New Installed Capacity of China’s 1.5MW and 2.0MW Units, 2004-2015
Cumulative Installed Capacity Structure of China’s Wind Power Units (by Power), 2015
Share of Chinese Wind Power Manufacturers in New Installation Market, 2015
Demand of Engineering Machinery for Bearings, 2006-2020E   
China’s Engineering Machinery Sales Volume, 2006-2016
Demand of Chinese Metallurgical and Mining Equipment for Bearings, 2014-2020E
China’s Metallurgical and Mining Equipment Output, 2007-2016
China’s Metal Smelting Equipment Output Structure (by Province and Municipality), 2015
China’s Metal Rolling Equipment Output Structure (by Province and Municipality), 2015
China’s Mining Equipment Output Structure (by Province and Municipality), 2015
Number of Employees of SKF, 2009-2015
Net Sales and Net Income of SKF, 2009-2015
Revenue Structure of SKF by Business, 2012-2015
Revenue Structure of SKF by Region, 2013-2015
Applications and Share of SKF’s Bearings, 2013-2015
SKF’s Revenue from Bearing Business, 2003-2016E
Bearing Business Development of SKF in China
Number of Employees of Schaeffler, 2009-2015
Revenue and Net Income of Schaeffler, 2009-2015
Revenue Structure of Schaeffler by Business, 2011-2015
Revenue Structure of Schaeffler by Region, 2014-2015
Main Bearings of Schaeffler
Schaeffler’s Revenue from Bearing Business, 2003-2016E
Development History of Schaeffler in China
Number of Employees of NSK, FY2009-FY2015
Net Sales and Net Income of NSK, FY2008-FY2015
Revenue Structure of NSK by Business, FY2011-FY2015
Revenue Structure of NSK by Business, FY2011-FY2015
NSK’s Revenue from Bearing Business, FY2010-FY2015
Bearing Sales Structure of NSK by Business, FY2010-FY2015
Industrial Machinery Bearing Sales Structure of NSK, FY2014
Global Marketing Network of NSK, 2015
Bearing Production Bases of NSK in China
Revenue of NSK in China and Growth Rate, FY2006-FY2015
Revenue Structure of NSK in China by Business, FY2014
Number of Employees of NTN, FY2009-FY2015
Net Sales and Net Income of NTN, FY2009-FY2016
Revenue Structure of NTN by Business, FY2012-FY2016
Revenue Structure of NTN by Region, FY2009-FY2016
NTN’s Bearings and Their Applications
NTN’s Revenue from Bearing Business, FY2008-FY2016
Development History of NTN in China
NTN’s Main Production Bases and Sales Outlets in China, 2016
Number of Employees of TIMKEN, 2009-2015
Net Sales and Net Income of TIMKEN, 2009-2015
Product Terminal Application Structure of TIMKEN, 2015
Revenue Structure of TIMKEN by Business, 2012-2015
Revenue Structure of TIMKEN by Region, 2009-2015
Main Bearings of TIMKEN
TIMKEN’s Revenue from Bearing Business, 2003-2016E
TIMKEN’s Layout in China
TIMKEN’s Factories in China and Core Products
Development of TIMKEN in China
Number of Employees of Minebea, FY2009-FY2016
Net Sales and Net Income of Minebea, FY2009-FY2016
Revenue Structure of Minebea by Business, FY2013-FY2016
Revenue Structure of Minebea by Region, FY2012-FY2015
Main Bearings and Global Market Share of Minebea, 2015
Minebea’s Revenue from Bearing Business, FY2011-FY2016
Minebea’s Production Bases in China, 2015
Minebea’s Revenue in China and Growth Rate, FY2011-FY2015
Number of Employees of Nachi, FY2009-FY2015
Overseas Production Bases of NACHI
Net Sales and Net Income of NACHI, FY2006-FY2015
Revenue Structure of NACHI by Product, FY2013-FY2015
Revenue Structure of NACHI by Region, FY2009-FY2015
NACHI’s Revenue from Bearing Business and Growth Rate, FY2006-FY2015
Development History of NACHI in China
Number of Employees of Jtekt, FY2009-FY2015
Net Sales and Net Income of Jtekt, FY2009-FY2015
Revenue Structure of Jtekt by Product, FY2013-FY2015
Revenue Structure of Jtekt by Region, FY2009-FY2015
Jtekt’s Revenue from Bearing Business, FY2010-FY2015
Jtekt’s Bearing Production Bases in China
Operating Revenue and Total Profit of Wafangdian Bearing Group, 2004-2015
Bearing Revenue Structure of Wafangdian Bearing Group by Product, 2013-2015
Global Marketing Network of Wafangdian Bearing Group
Revenue and Net Income of Wafangdian Bearing, 2009-2015
Revenue from and Gross Margin of Bearing Business of Wafangdian Bearing, 2010-2015
Bearing Output and Sales Volume of Wafangdian Bearing, 2012-2015
Operating Revenue and Total Profit of Luoyang LYC Bearing, 2005-2015
Competitive Product Group of Luoyang LYC Bearing
Operating Revenue and Total Profit of Harbin Bearing Manufacturing, 2004-2015
Equity Structure of Tianma Bearing Group, 2015
Number of Employees of Tianma Bearing Group, 2009-2015
Revenue and Net Income of Tianma Bearing Group, 2007-2015
Revenue Structure of Tianma Bearing Group by Product, 2012-2015
Revenue Structure of Tianma Bearing Group by Region, 2012-2015
Gross Margin of Tianma Bearing Group by Product, 2010-2015
Bearing Revenue and Growth Rate of Tianma Bearing Group, 2007-2015
Revenue of Tianma Bearing Group’s Major Bearing Subsidiaries, 2015
Equity Structure of Xiangyang Automobile Bearing, 2015
Number of Employees of Xiangyang Automobile Bearing, 2008-2015
Xiangyang Automobile Bearing’s Revenue from Major Customers and % of Total Amount, 2014-2015
Xiangyang Automobile Bearing’s Procurement from Major Suppliers and % of Total Amount, 2013-2015
Revenue and Net Income of Xiangyang Automobile Bearing, 2007-2015
Output and Sales Volume of Xiangyang Automobile Bearing’s Major Products, 2011-2015
Revenue Structure of Xiangyang Automobile Bearing by Product, 2012-2015
Revenue Structure of Xiangyang Automobile Bearing by Region, 2012-2015
Gross Margin of Xiangyang Automobile Bearing by Product, 2008-2015
Xiangyang Automobile Bearing’s Revenue from Bearing Business and Growth Rate, 2008-2015
Global Marketing Network of Xiangyang Automobile Bearing
Equity Structure of Fujian Longxi Bearing (Group), 2015
Number of Employees of Fujian Longxi Bearing (Group), 2009-2015
Revenue and Net Income of Fujian Longxi Bearing (Group), 2006-2015
Revenue Structure of Fujian Longxi Bearing (Group) by Product, 2012-2015
Revenue Structure of Fujian Longxi Bearing (Group) by Region, 2009-2015
Gross Margin of Fujian Longxi Bearing (Group) by Product, 2009-2015
Fujian Longxi Bearing (Group)’s Revenue from Bearing Business and Growth Rate, 2009-2015
Bearing Output and Sales Volume of Fujian Longxi Bearing (Group), 2014-2015  
Investment in Projects under Construction of Fujian Longxi Bearing (Group), 2016
Equity Structure of Luoyang Bearing Science & Technology, 2015
Number of Employees of Luoyang Bearing Science & Technology, 2009-2015
Revenue and Net Income of Luoyang Bearing Science & Technology, 2007-2015
Revenue Structure of Luoyang Bearing Science & Technology by Product, 2012-2015
Revenue Structure of Luoyang Bearing Science & Technology by Region, 2009-2015
Gross Margin of Luoyang Bearing Science & Technology by Product, 2009-2015
Luoyang Bearing Science & Technology’s Revenue from Bearing Business and Growth Rate, 2007-2015
Bearing Output and Sales Volume of Luoyang Bearing Science & Technology, 2012-2015
Revenue of Luoyang Bearing Science & Technology’s Major Bearing Subsidiaries, 2015
Investment in Projects under Construction of Luoyang Bearing Science & Technology, 2015
Equity Structure of Baota Industry, 2015
Employees of Baota Industry, 2009-2015
Baota Industry’s Revenue from Major Customers and % of Total Amount, 2013-2015
Baota Industry’s Procurement from Major Suppliers and % of Total Amount, 2013-2015
Revenue and Net Income of Baota Industry, 2007-2015
Revenue Structure of Baota Industry by Product, 2012-2015
Revenue Structure of Baota Industry by Region, 2009-2015
Gross Margin of Baota Industry by Product, 2009-2015
Baota Industry’s Revenue from Bearing Business, 2009-2015
Main R&D Projects of Baota Industry, 2015
Revenue and Growth Rate of C&U Group, 2009-2015
Bearing Production Bases of C&U Group
C&U Group’s Revenue from Bearing Business and Growth Rate, 2009-2015
Equity Structure of WanxiangQianchao, 2015
Number of Employees of WanxiangQianchao, 2008-2015
WanxiangQianchao’s Revenue from Major Customers and % of Total Amount, 2013-2015
WanxiangQianchao’s Procurement from Major Suppliers and % of Total Amount, 2013-2015
Revenue and Net Income of WanxiangQianchao, 2007-2015
Revenue Structure of WanxiangQianchao by Product, 2013-2015
Revenue Structure of WanxiangQianchao by Region, 2012-2015
Gross Margin of WanxiangQianchao by Product, 2008-2015
Bearing Output and Sales Volume of WanxiangQianchao, 2011-2015
Revenue of WanxiangQianchao’s Major Bearing Subsidiaries, 2015
Development Pace of Global and China's Bearing Industry, 2009-2020E
China’s Bearing Import & Export, 2011-2016
Competitive Landscape of Global Bearing Industry, 2015
Competitive Landscape of China Bearing Industry, 2015

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