Bearing prospects are not optimistic to find a way out

From January to June 2014, China exported a total of 2.59 billion sets of bearings and earned US$2.4 billion in foreign exchange, which represented an increase of 14.23 and 6.92 respectively over the same period of last year. From the perspective of export regions, Asia is still the major exporter of bearings in China. Foreign exchange earned accounted for 46.77 of the total foreign exchange earnings, but the growth rate was a slight negative growth of -0.74. Europe was the second largest exporter of bearings in China and accounted for 26.75 per cent of total foreign exchange earnings. Increased 16.4; America is the third major area of ​​China's bearing exports, foreign exchange earning accounted for 23.5 of the total amount of foreign exchange, an increase of 13.03. From the perspective of foreign exchange earned through bearing exports, the demand for bearings in Asia was basically the same as that of the same period of last year. The demand for bearings in Europe grew stronger. The growth in bearing demand in the Americas is also a relatively good trend. From a country point of view, the United States is still the country's largest exporter of bearings, with foreign exchange earning US$360 million, accounting for 15% of the total foreign exchange earned, a year-on-year increase of 15.5. It also shows from the side that there are signs of economic recovery in the United States and Europe.

When the hardware bearing industry was still immersed in the increase in revenue of 30 in 2010, it was faced with a crisis of sharply reduced revenue growth in 2011. This year's operating income growth rate may be reduced to 12. In 2011, the pressure on the bearing industry will further increase, and the growth rate of the bearing industry will be somewhat slower. It is worth bearing the attention of bearing companies.

The survival, development, and innovation of the fittest will analyze the development information of the hardware bearing industry, and will continue to analyze the development of the situation in light of the company's own situation and make decisions for the development of the enterprise as soon as possible. China Metal Bearing Industry Association hopes that companies in the industry will attach great importance to the 12th five-year development plan for the country, each host industry and the bearing industry, and study the development direction of key products from the country's strategic emerging industries.

We attach great importance to the improvement of management levels, reduce costs through management, and enhance the competitiveness of enterprises. We should attach great importance to the development of the market and timely adjust the product structure in accordance with market development. We attach great importance to scientific research. While researching the upgrading of old products, we must not only develop new products based on the market in real time, but also develop and reserve some future new products in advance in accordance with market development.

Looking for a way out in the crisis, the principle of survival of the fittest will begin in the bearing industry. The cost is too high and the competition is too strong. Some people pointed out that last year due to further intensified industry competition and rising raw material prices, unprecedented difficulties were encountered in the production and operation of hardware bearings. The orders for petroleum machinery bearings for leading products have been substantially reduced, and the product structure has tended to be miniaturized. A large loss occurred throughout the year. It has been said that in the first half of the year, due to the year-on-year increase in the prices of raw materials, steel, and purchased parts, the automotive industry’s market demand has declined, and thus the total profit of many companies’ main businesses has been relatively reduced.

From the prediction report of the bearing industry's future prospects, it is understood that the development of the hardware bearing industry does face some unfavorable development factors.

(1) The RMB exchange rate will generally show an upward trend, and the competitiveness of ordinary bearings and mid-range bearing products will be further weakened, and the pressure on hardware bearing products will gradually increase, and the import of bearing products will also increase.

(B) It is expected that raw material prices and labor costs will show an upward trend in 2011, which will bring certain pressure on the company's costs. The fluctuations in the markets of automobiles, agricultural machinery, and household appliances will have a certain impact on the speed of development of the hardware bearing industry.

(3) Influenced by the rapid and steady development of China's economy, international multinational hardware bearing companies have accelerated the pace of building and expanding factories in China, and the market competition in high-end and high-end bearings will be fiercer.

A hardware shaft company has disclosed annual reports, claiming that the company had a loss of 156 million yuan last year, a year-on-year decrease of 30.32; a loss of 0.72 yuan per share. According to the announcement, the company's stocks were suspended for one day on April 19, and special treatment for the delisting risk warning was implemented on April 20. The stock abbreviation was changed to ST West axis, and the company's stock price limit was limited to 5. The loss of hardware bearings has led other bearing companies to worry about anxiety. Afterwards, the hardware bearing unit also announced a semi-annual performance forecast on the evening of July 8. It is expected that the company will achieve a net profit of 2.55 million yuan in the first half of the year, a decrease of 69% year-on-year. The crisis is full of sorrow, and it was still a hidden crisis in early 2011, and it has now surfaced. Ears have gradually spread all kinds of unsatisfactory news.

The global bearing market gradually resumed growth.

In the early 1950s, the world’s total bearing production was only 900 million units, and it reached 1.8 billion units in the early 1960s, 4 billion units in the early 1970s, and 7 billion units in the early 1980s, and over 100 in the late 1990s. Billion sets; in 1997 the world’s total bearing output exceeded 10 billion units, with total sales of approximately US$30 billion. In 2010, the total output of the global bearing manufacturing industry was 56.6 billion sets. Forward-looking Industry Research Institute predicts that by 2015, the total global bearing production will reach 155.7 billion sets.

According to the “Analysis Report on the Forecast of Production and Sales Demand and Transformation and Upgrade of China Bearing Manufacturing Industry 2015-2020” released by the Industry Research Institute of Qianwang, the market size of the global bearing industry continued to increase from 2005 to 2008. In 2009, affected by the global financial crisis, the global bearing industry market scale fell by 12.5 to 56.8 billion U.S. dollars. By 2013, the global bearing industry market size will be US$62 billion.

From a specific country point of view, the U.S. market is the largest, accounting for 23% of the world; EU countries took the second place, accounting for 21; Japan accounted for 19; Russia accounted for 6; India accounted for 4; China accounted for 10. China is the major market for bearing manufacturing in the future

Statistics show that the share of more than 70 in the world's bearing market was shared by the top ten multinational bearing group companies, including five major companies such as Japan's NSK, Sweden's SKF, Germany's FAG, and the United States' Timken. At the same time, the high-end market of the world's bearing industry is monopolized by the above-mentioned enterprises, while the middle and low-end markets are mainly concentrated in China.

If divided by region, the global bearing market can be divided into five major markets: Asia, Oceania, Europe, North America, Latin America, and Africa, each occupying 40, 31, 25, 3, and 1 shares.

After the economic crisis, the global bearing market will increase dramatically in 2015. With the gradual increase in industrialization, OEM demand is expected to rise. In spite of the fact that the developed countries have been making sluggish production of automobiles and other durable goods in recent years, they have seriously affected the demand for bearings. However, durable goods and automobile production in developed markets will likely increase in the coming years. Therefore, the growth of developed markets will be further supplemented by the strong growth of the terminal sector in the growth market, especially the Chinese market. In 2011, China surpassed the traditional market of the United States as the world's largest auto-producing country, and has also maintained a leading position in the past few years.