At present, the demand for China's electromechanical market continues to be strong. It is expected that in 2007 the entire industry will complete about 8 billion sets of bearing production, achieve sales revenue of 76 billion yuan, corresponding output growth of 14%, and sales revenue growth of 23%. The bearing industry is expected to maintain an average annual growth rate of 15% during the “Eleventh Five-Year Plan†period. Among them, the output value of ultra-large and large-sized bearings in the industry currently accounts for about 20%, gross profit margin as high as 30% to 50%, and compound annual growth rate of 21.71% for five consecutive years.
As a whole, under the strong driving force of the rapid growth of China's major equipment manufacturing industry, large-scale CNC machine tools, railway vehicles, metallurgical and mining equipment and other high-precision, high-speed, high-reliability large bearings continue to maintain a strong demand situation, and energy saving and environmental protection Wind power bearings are in short supply.
Strong demand for large bearings 1. Development status of China's bearing industry At present, China's bearing industry is in good development, ranking third in the world according to sales revenue and product output statistics.
From the perspective of sales, from 2001 to 2006, the average annual compound growth rate of the bearing industry's sales revenue was 19.91%, and the compound annual growth rate of production was 23.22%. In 2006, the sales revenue of enterprises above the designated size of the bearing industry in the country was RMB 62.0 billion, and the output of bearings was RMB 7.1 billion, an increase of 19.23% and 18.3% year-on-year. In the first half of 2007, sales revenue was approximately 38.2 billion yuan, a year-on-year increase of about 20%; and 4 billion sets of bearing output were completed. According to the development situation and data analysis in the first half of the year, the growth rate of the bearing industry in the second half of the year will be slightly higher than that in the first half of the year. The entire industry is expected to complete about 8 billion sets of bearing production and achieve a sales income of about 76 billion yuan. From the production scale, China's bearing industry ranks third in the world. It is estimated that with the increase in industry concentration, the top 10 companies in the industry will have a market share of about 30 billion yuan in 2010.
2. The industry faces development opportunities In 2007, China's bearing industry continued to develop steadily. It is expected that the growth rate of the bearing industry in the second half of the year will be slightly higher than that in the first half of the year, and the bearing market continues to be optimistic.
(1) High-speed development of major equipment manufacturing drives strong demand for large and large bearings The output value of ultra-large and large-sized bearings in the bearing industry is gradually increasing: From 2001 to 2006, the output value of ultra-large and large-sized bearings was among key industry companies. The compound growth rate was 21.71%. From 2002 to 2006, the proportion of its output value increased by nearly 10% to 20%. At the same time, the average unit price of oversized bearings increased by 85%, and large bearings increased by 30%. The gross profit margin of some super large bearings and large bearings exceeds 30%, even as high as 50%. The profitability of these two types of products is promising.
(2) "Six Golden Flowers" for Demanding Downstream Hosts to Create Large Bearings
CNC machine tool bearings: At the end of the “Eleventh Five-Year Plan†period, the domestic market share of domestic CNC machine tools increased from 30% at the end of the “Tenth Five-year Plan†period to more than 50%. Taking 2.1 billion U.S. dollars in 2005 as the base, it will reach 7.89 billion yuan in 2010, which means an average annual increase of 30%. The number of CNC machine tools ranges from 17521 in 2001 to 85,000 in 2006, with an average annual compound growth rate of 37%. In 2007, the output of CNC machine tools will exceed 100,000 units, of which large-scale, high-speed machining centers and other high-precision machine tool spindle bearings have higher gross margins. , It is a high value-added product that makes bearing manufacturers flock to.
Railway vehicle bearings: According to the “Eleventh Five-Year Planâ€, the number of locomotives in 2010 will reach 19,000 units, and the number of passenger cars will reach 45,000. In 2010, the number of trucks will reach 700,000, and the bearing of railway vehicles will have a bright future.
Bearings in metallurgical mines: The rapid growth of the heavy machinery industry is mainly related to the increase in demand for large-scale complete sets of equipment in industries such as energy, mining, and metallurgy. Among the “sixteen items†of major technical equipment and products, four are directly related to heavy machinery. Its important status is evident. From 2002 to 2006, the average annual growth rate of metallurgical and mining equipment production was 40%. In 2007, the total output of metallurgical and mining equipment is expected to exceed 3 million tons, and the demand for large-scale heavy-load bearings will remain strong.
Bearings for Construction Machinery: Driven by domestic and export demand, in 2006 the total output of the construction machinery industry was approximately 305,000 units, and the industry's revenue increased by approximately 30% year-on-year to 160 billion yuan; the export volume reached US$5.44 billion, an increase of 71.8% over the same period of last year. Although the growth rate of domestic fixed asset investment will decline in 2007, the rapid growth of exports has become the main factor driving the rapid growth of the entire industry. The global construction machinery industry is showing rapid growth. It is estimated that the construction machinery industry will exceed 200 billion yuan in sales in 2007. The income level will increase by about 23%. By then, the construction machinery bearing will maintain a high degree of prosperity under the drive of rapid development of the whole machine industry.
Automotive Bearings: Automobiles are large consumers of bearings, accounting for about 20% of total bearing consumption. With the increase of residents' spending power, China's auto industry has entered a period of strong growth in demand. In 2007, it is estimated that the total domestic car ownership can reach 43 million vehicles. It is expected that by 2008, the domestic market will usher in the culmination of vehicle renewal demand. In 2007, auto sales will reach 8.5 million units, an increase of 18% over the previous year.
Wind turbine bearings: In 2005, the cumulative installed capacity of the global wind power market was 59,084 MW. It is estimated that by 2010, the cumulative installed capacity of wind power generation in the world will be 134,800 MW. The compound annual growth rate from 2005 to 2010 will be 18%, and there will be great market opportunities in the future. From 2000 to 2006, China's annual average CAGR of wind power installed capacity was 40.93%, and it is expected to reach 9,000MW in 2010, which is a compound growth rate of 36% compared to 2006 2604MW. The long-term planning will reach 30,000 MW by 2020 and the market will be huge. Wind power equipment mainly includes spindle motor bearings, pitch and yaw bearings, and gearbox bearings. Wind turbine bearings are generally large in size, have complex forces, and require high processing technology. The current market demand exceeds supply.
As a whole, under the strong driving force of the rapid growth of China's major equipment manufacturing industry, large-scale CNC machine tools, railway vehicles, metallurgical and mining equipment and other high-precision, high-speed, high-reliability large bearings continue to maintain a strong demand situation, and energy saving and environmental protection Wind power bearings are in short supply.
Strong demand for large bearings 1. Development status of China's bearing industry At present, China's bearing industry is in good development, ranking third in the world according to sales revenue and product output statistics.
From the perspective of sales, from 2001 to 2006, the average annual compound growth rate of the bearing industry's sales revenue was 19.91%, and the compound annual growth rate of production was 23.22%. In 2006, the sales revenue of enterprises above the designated size of the bearing industry in the country was RMB 62.0 billion, and the output of bearings was RMB 7.1 billion, an increase of 19.23% and 18.3% year-on-year. In the first half of 2007, sales revenue was approximately 38.2 billion yuan, a year-on-year increase of about 20%; and 4 billion sets of bearing output were completed. According to the development situation and data analysis in the first half of the year, the growth rate of the bearing industry in the second half of the year will be slightly higher than that in the first half of the year. The entire industry is expected to complete about 8 billion sets of bearing production and achieve a sales income of about 76 billion yuan. From the production scale, China's bearing industry ranks third in the world. It is estimated that with the increase in industry concentration, the top 10 companies in the industry will have a market share of about 30 billion yuan in 2010.
2. The industry faces development opportunities In 2007, China's bearing industry continued to develop steadily. It is expected that the growth rate of the bearing industry in the second half of the year will be slightly higher than that in the first half of the year, and the bearing market continues to be optimistic.
(1) High-speed development of major equipment manufacturing drives strong demand for large and large bearings The output value of ultra-large and large-sized bearings in the bearing industry is gradually increasing: From 2001 to 2006, the output value of ultra-large and large-sized bearings was among key industry companies. The compound growth rate was 21.71%. From 2002 to 2006, the proportion of its output value increased by nearly 10% to 20%. At the same time, the average unit price of oversized bearings increased by 85%, and large bearings increased by 30%. The gross profit margin of some super large bearings and large bearings exceeds 30%, even as high as 50%. The profitability of these two types of products is promising.
(2) "Six Golden Flowers" for Demanding Downstream Hosts to Create Large Bearings
CNC machine tool bearings: At the end of the “Eleventh Five-Year Plan†period, the domestic market share of domestic CNC machine tools increased from 30% at the end of the “Tenth Five-year Plan†period to more than 50%. Taking 2.1 billion U.S. dollars in 2005 as the base, it will reach 7.89 billion yuan in 2010, which means an average annual increase of 30%. The number of CNC machine tools ranges from 17521 in 2001 to 85,000 in 2006, with an average annual compound growth rate of 37%. In 2007, the output of CNC machine tools will exceed 100,000 units, of which large-scale, high-speed machining centers and other high-precision machine tool spindle bearings have higher gross margins. , It is a high value-added product that makes bearing manufacturers flock to.
Railway vehicle bearings: According to the “Eleventh Five-Year Planâ€, the number of locomotives in 2010 will reach 19,000 units, and the number of passenger cars will reach 45,000. In 2010, the number of trucks will reach 700,000, and the bearing of railway vehicles will have a bright future.
Bearings in metallurgical mines: The rapid growth of the heavy machinery industry is mainly related to the increase in demand for large-scale complete sets of equipment in industries such as energy, mining, and metallurgy. Among the “sixteen items†of major technical equipment and products, four are directly related to heavy machinery. Its important status is evident. From 2002 to 2006, the average annual growth rate of metallurgical and mining equipment production was 40%. In 2007, the total output of metallurgical and mining equipment is expected to exceed 3 million tons, and the demand for large-scale heavy-load bearings will remain strong.
Bearings for Construction Machinery: Driven by domestic and export demand, in 2006 the total output of the construction machinery industry was approximately 305,000 units, and the industry's revenue increased by approximately 30% year-on-year to 160 billion yuan; the export volume reached US$5.44 billion, an increase of 71.8% over the same period of last year. Although the growth rate of domestic fixed asset investment will decline in 2007, the rapid growth of exports has become the main factor driving the rapid growth of the entire industry. The global construction machinery industry is showing rapid growth. It is estimated that the construction machinery industry will exceed 200 billion yuan in sales in 2007. The income level will increase by about 23%. By then, the construction machinery bearing will maintain a high degree of prosperity under the drive of rapid development of the whole machine industry.
Automotive Bearings: Automobiles are large consumers of bearings, accounting for about 20% of total bearing consumption. With the increase of residents' spending power, China's auto industry has entered a period of strong growth in demand. In 2007, it is estimated that the total domestic car ownership can reach 43 million vehicles. It is expected that by 2008, the domestic market will usher in the culmination of vehicle renewal demand. In 2007, auto sales will reach 8.5 million units, an increase of 18% over the previous year.
Wind turbine bearings: In 2005, the cumulative installed capacity of the global wind power market was 59,084 MW. It is estimated that by 2010, the cumulative installed capacity of wind power generation in the world will be 134,800 MW. The compound annual growth rate from 2005 to 2010 will be 18%, and there will be great market opportunities in the future. From 2000 to 2006, China's annual average CAGR of wind power installed capacity was 40.93%, and it is expected to reach 9,000MW in 2010, which is a compound growth rate of 36% compared to 2006 2604MW. The long-term planning will reach 30,000 MW by 2020 and the market will be huge. Wind power equipment mainly includes spindle motor bearings, pitch and yaw bearings, and gearbox bearings. Wind turbine bearings are generally large in size, have complex forces, and require high processing technology. The current market demand exceeds supply.
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