Research and Markets: "In-depth Analysis of China s Bearing Industry ...

Tag : Roller Bearing
Research and Markets: "In-depth Analysis of China s BearingIndustry 2008"

Released : Thursday, August 07, 2008 6:12 AM
RDATE:07082008
Dublin - Research and Markets(http://www.researchandmarkets.com/research/5c79de/indepth-analysis)has announced the addition of the "In-depth Analysis of China sBearing Industry 2008" report to their offering.
China is the world's fourth largest bearing producer behind theUnited States, the European Union and Japan, accounting for 10 percent of the global bearing market. The total sales of China sbearing industry in 2007 was 80.5 billion yuan, an increase of 25.7per cent year-on-year and produced various kinds of roller bearing11,022 billion sets, an increase of 37.86 per cent year-on-year. Inthe first quarter of 2008 the total roller bearing was 2.46 billionsets, 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 3per cent of its total output, but, on the other hand, the price ofthe large scale bearing per set is relatively higher, in terms ofoutput value that the large-sized bearing accounts for more than 35per cent of the total. Presently, the small and mid-sized bearingis still dominated the Chinese bearing market, but the large-sizedbearing has developed fast. In terms of the type of products thatthe ball bearing took majority, accounting for 79.8 per cent of thetotal output in 2006, roller bearings was in second place accountedfor 10.58 per cent, oscillating bearing and auto-CVJ, which has ahigher 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 quarterof 2008 was $0.54/set; but if considering the factors such as theappreciation of Renminbi and rising cost, actually the export priceof 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, theconcentration ratio of the top 10 enterprises is 22.43 per cent,the average market share of each company is 2.243 per cent and ofthe top 30 is 32.97 per cent, the average market share of eachcompany is 1.099 per cent. The industry concentration ratio isrelatively low and the industry gross profit and ROE is lower thanthe international competitors. In 2007 the average gross profitmargin of bearing industry was 14.3 per cent and average ROE was2.38 per cent. The weakness of China s bearing industry is the lackof bargain ability of raw materials and can not effectivelytransfer the rising cost of raw materials.
The most prospects sub-bearing sectors are bearings of constructionmachinery, wind power, railway, agricultural machinery andmetallurgical mine. The prosperity of these sub-sectors are in arising period; bearing of motorcycle, household appliances andmachine tools are in an adjustment period, the driver is from theincreasing demands of the downstream sectors technology upgrade,and the industry demand is from high value-added bearing productswhich will instead import products. Bearing of automobile andpetrochemical machinery, which are affected by the governmentalmacro-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
Companies Mentioned:
- Zhejiang Tianma Bearing Co., LTD
- Fujian Longxi Bearing Corporation limited
- Luoyang Bearing Science and Technology Co., Ltd
For more information visithttp://www.researchandmarkets.com/research/5c79de/indepth-analysis
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Keywords:
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