China Bearings Market (2019-2025) | Outlook, Size, Trends, Companies, Value, Industry, Share, Forecast, Analysis, Growth & Revenue

Latest 2021 Developments

China Bearings Market has seen the latest developments which include the technological advancements in seal and lubrication technologies and the use of lightweight materials in high-performance products. These are generating enormous prospects for the manufacturers to develop bearing systems that experience less wear and tear when worked for longer cycles. Integration of electro-mechanical features directly into the bearings helps in performance improvements and reductions in size and cost. Chinese policies continue to encourage the development of high-end bearing products during the Thirteenth Five-year Plan period, thereby promoting the further development of the bearing industry.

Mergers and Acquisitions:

• In July 2021, MITSUMI ELECTRIC Co., Ltd. agreed with OMRON Corporation to acquire the semiconductor and MEMS fabrication plant and its MEMS product development function in OMRON's Yasu facility.
• In August 2021, JTEKT Corp. created a new business unit, Koyo Bearings USA LLC, following the acquisition of The Timken Co.'s Needle Roller Bearings business.

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The China bearings market witnessed technological advancement and developments in the past few years and the country has emerged as the highest revenue generating country in the Asia Pacific region in 2019.  Further, rising standard of living, increasing disposable income, and improving vehicle fleet size have led to an increase in demand for bearings in the country. However, the outbreak of coronavirus in China at the end of 2019 has slammed several industries and led to an economic crisis in the country. Further, the slowdown is expected to result in a decline in the overall bearings market over the coming years.

According to 6Wresearch, China Bearings Market size is projected to grow at a CAGR of 0.8% during 2019–2025. due to a slowdown in manufacturing and investment across several applications such as aerospace & railway, oilfield, construction, and others. Replacement or Aftermarket demand is expected to drive the growth in the bearings market during the forecast period.

Rising demand for electrification along with fluctuating prices of raw materials is driving the development of the market. Moreover, the emergence of sensor bearing units coupled with the increasing development of technologies by manufacturers is adding to the growth of the China Bearing market Share.

Major end-user application of the bearings market in China includes automotive machinery, construction machinery, agricultural machinery, oilfield equipment, and others.

The China bearings market report thoroughly covers the market by types, sales channels, and applications. The China bearings market outlook report provides an unbiased and detailed analysis of the ongoing China bearings market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.

Key Highlights of the Report:

• China Bearings Market Overview
• China Bearings Market Outlook
• China Bearings Market Forecast
• China Bearings Market Size and Historical Data of China Bearings Market Revenues for the Period 2015-2018
• China Bearings Market Forecast of Revenues, Until 2025
• Historical Data of China Bearings Market Revenues for the Period 2015-2018, By Types
• Market Size & Forecast of China Bearings Market Revenues Until 2025F, By Types
• Historical Data of China Bearings Market Revenues for the Period 2015-2018, By Roller Bearing Types
• Market Size & Forecast of China Bearings Market Revenues Until 2025F, By Roller Bearing Types
• Historical Data of China Bearings Market Revenues for the Period 2015-2018, By Sales Channels
• Market Size & Forecast of China Bearings Market Revenues Until 2025F, By Sales Channels
• Historical Data of China Bearings Market Revenues for the Period 2015-2018, By Applications
• Market Size & Forecast of China Bearings Market Revenues Until 2025F, By Applications
• China Bearings Market Drivers
• China Bearings Market Restraints
• China Bearings Market Trends and Industry Life Cycle
• Porter’s Five Force Analysis
• Market Opportunity Assessment
• China Bearings Market Share, By Players
• China Bearings Market Share, By Countries
• China Bearings Market Overview on Competitive Benchmarking
• Company Profiles
• Key Strategic Recommendations

Market Covered:

The report provides a detailed analysis of the following market segments:

By Types:

• Ball Bearings
• Roller Bearings
• Other Bearings (Pillow block, Mounted, etc.)

By Roller Bearings Types:

• Cylindrical Roller Bearings
• Tapered Roller Bearings
• Spherical Roller Bearings
• Needle Roller Bearings
• Other Roller Bearings

By Sales Channels:

• OEM’s
• Aftermarket Sales

By Applications:

• Aerospace & Railway
• Agricultural Equipment Machinery
• Mining & Oilfield Equipment Machinery
• Automotive Machinery
• Construction Machinery
• Other Machinery

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