Date: 2015-05-07

China Automobile Bearing Industry Report, 2014-2017

LONDON, May 4, 2015 /PRNewswire/ -- A bearing, with a long-standing reputation as "the joint of auto industry", has an important influence on the vehicle performance. In recent years, the growing sales volume of vehicles in China has driven a sustained sharp rise in the market demand for automobile bearings.

In terms of market competition, China's automobile bearing industry has the following two characteristics:

A. Large international enterprises are entering China.
As of 2014, eight foreign bearing companies – SKF, Schaeffler, Timken, NSK, NTN, JTEKT, NACHI, and Minebea had established roughly 30 production plants in China. Foreign branded bearings have recorded a year-by-year increase in the share of the Chinese PV bearing market, especially in bearing products that yield high value-added, including engines, transmissions, and wheel hubs. F608ZZ

B. Domestic bearing enterprises are accelerating the layout of auto industry.
Currently, there are some 30 local automobile bearing manufacturers in China, 65% of which are targeted mainly at aftermarket, 21% supply products to commercial vehicle manufacturers and only 14% offer bearing products to passenger vehicle market. Of all the Chinese enterprises, Wangfangdian Bearing Group, Luoyang LYC Bearing, Harbin Bearing, Wanxiang Qianchao, Xiangyang Bearing, and Hailin Bearing have developed at a faster pace in recent years, with Wangfangdian Bearing, Luoyang LYC Bearing and Harbin Bearing accounting for a larger share of the mid- and high-end market.

At present, the Chinese enterprises are stepping up the layout of automobile bearing industry, with many companies occupied in production line construction and capacity expansion.

China Automobile Bearing Industry Report, 2014-2017 mainly covers the following:
Overview of China's automobile bearings industry, including product type and major policies, etc.;
Overview of China's automobile bearings market, including market structure, market demand, supported models, development characteristics, and projects under construction, etc.;
Development of global and Chinese automobile bearing manufacturers.
 

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