Information about the market competition pattern of the bearing industry?
1. Demand-side competition pattern-Asia occupies 50% demand share!
Bearing is a pivotal component in contemporary mechanical equipment. Its main function is to support the mechanical rotating body, reduce the coefficient of friction during its movement, and ensure its rotation accuracy. Therefore, its application range is very wide and the market demand is strong. The Asian region represented by China and Japan occupies half of the global bearing consumption and has become the world's largest bearing consumer market. Europe and North America followed closely behind with 25% and 20% respectively.
2. Supply-side competition pattern-the eight major groups divide up the market
After years of industrial competition, the global bearing industry has formed a monopolistic competition pattern. Eight transnational groups from Sweden, Germany, Japan, and the United States divide the market, including Swedish enterprise SKF, German enterprise Schaeffler (INA+FAG), Japanese companies NSK, NTN, Minebea (NMB), NACHI, JTKET(KOYO) and American companies TIMKEN. These eight companies account for more than 70% of the global market share. The rest brand is LYC, HRB, ZWZ, HCH etc brand from China market.
SKF-middle size and large rolling mill bearings, wheel bearings
Schaeffler (INA+FAG)- needle bearings
NSK-small size low noise bearing, precision bearings
NTN-middle-size ball bearing
Minebea (NMB)-miniature ball bearing
Nachi-small size and middle size ball bearings
Timken-inch size tapered roller bearing
Sun Rises Group Limited focus on quality bearings business since year 1986, can cover almost all the bearing range in the world. With its rich experience and operation professionalism, we can help you get the matchable bearings at the soonest time. Freely contact the bearing specialist for detailed bearing business cooperation. (firstname.lastname@example.org)