From 2015 to 2020, the main business income of the national bearing industry shows a fluctuating growth. In 2020, the main business income of China's bearing industry will reach 193 billion yuan, up 9.04% year on year. It is mainly driven by the rapid growth of supporting bearing enterprises in infrastructure construction, such as wind power, engineering machinery, metallurgy and mining.

The total output of the industry fluctuates around 20 billion sets
China's bearing production fluctuates from 2015 to 2020. In 2019, the output of China's bearing industry will decline due to the impact of the decline in the demand of downstream automobile and machine tool industries. In 2019, the output will be 19.6 billion sets, a year-on-year decrease of 8.8%. In 2020, the output will rise to 19.8 billion sets, with a year-on-year increase of 1.0%.

The overall situation of supply exceeding demand in 2020
According to the data of China Bearing Industry Association, the production and sales rate of China's main bearing manufacturing enterprises will fluctuate from 2018 to 2020. In 2020, 117 major bearing manufacturers in China will produce 5.54 billion sets of bearings, and the sales volume of bearings will be 5.39 billion sets, with a production and sales rate of 97.16%. The output and sales increased by 8.35% and 3.59% respectively on a year-on-year basis.

The competition among leading enterprises in the industry is relatively stable
In 2018-2020, the top five enterprises in the main business of China's bearing industry will be undertaken by five enterprises, namely, humanistic, Wanxiang Qianchao, Tianma, Luozhou and Wazhou. Among them, people-oriented and Wanxiang Qianchao maintained the first and second position in the industry respectively, and the pattern of leading enterprises in the industry was relatively stable.
In terms of the proportion of the top 10 enterprises' revenue in the whole industry, it will increase from 20.9% in 2018 to 28.6% in 2019, and the proportion will slightly decrease to 28.1% in 2020.
Five major bearing industry clusters in China
At present, there are five mature bearing industry clusters in China, including Wafangdian Bearing Industry Cluster, Luoyang bearing industry cluster, Suzhou Xichang bearing industry cluster, eastern Zhejiang bearing industry cluster and Liaocheng bearing industry cluster. The basic situation of bearing industry cluster is as follows:
The above data and analysis sources refer to the analysis report on production and marketing demand forecast and transformation and upgrading of China's bearing manufacturing industry released by foresight Industry Research Institute. At the same time, foresight Industry Research Institute provides solutions such as industrial big data, industrial planning, industrial declaration, industrial park planning, industrial investment promotion, IPO investment feasibility study, and prospectus writing.