Abstract
Bearings demand to rise 13.8% yearly through 2011
Demand for bearings in China is projected to see annual gains of 13.8 percent
to ¥125 billion in 2011. The Chinese bearing market will outpace growth in
most other parts of the world, driven by rapid growth in manufacturing
production, especially in the industrial machinery, motor vehicle and
electrical and electronic product segments. In addition, industrial bearing
demand will be driven by expansion and modernization of China' s
infrastructure, resulting in increases in construction machinery production.
Roller bearing demand to be the fastest growing
Unmounted ball bearings accounted for the largest share of overall Chinese
bearing demand in 2006. However, unmounted roller bearings will grow at the
fastest pace, surpassing ball bearings to be the largest product segment in
the Chinese bearing market in 2011. Product gains will be stimulated by
increased production of motor vehicles and industrial machinery, which will
support increases in both OEM and aftermarket bearing demand. Demand for
unmounted plain bearings and mounted bearings will also climb at above-average
rates. Plain bearing demand will benefit from growth in production of motor
vehicles and industrial machinery, which also represent major plain bearing
markets.
Study coverage
The study provides historical demand data through 2006 plus demand forecasts
for 2011 and 2016 by product, market and geographic region. The study also
assesses factors affecting the market environment, evaluates company market
share data and profiles 31 competitors in China' s bearing industry.
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