The next two years in the asia-pacific region bearing demand is strong
according to industry research firm, forecast analysis report on the global bearing market, according to the global demand for ball bearing, roller bearing and sliding bearing is expected to be growing at an annual rate of 8.5%, by 2014 will reach $76 billion, the demand for unloading type ball bearing and roller bearing is the largest. The most robust growth in the asia-pacific region. Raw material prices are reasonable, as well as developing regions manufacturers of growing international competition pressure, these are from a certain extent, stabilize the prices.
According to the report, shaft bearing demand growth in the asia-pacific region will be the strongest, the demand of China bearing will be at an annual growth of 12.0% in the first place. China bearing demand growth thanks to the advancement of its industrialization and sustained growth in manufacturing. By the end of 2009, China has become the world's largest vehicle manufacturer, this undoubtedly for bearing manufacturer sales growth creates a great opportunity. Report forecasts, to 2014 China bearing demand quantity will account for nearly 50% of global demand, and in 2019, more than North America, Western Europe and Japan's big three countries combined.
Look from the previous development, the United States, Western Europe and Japan and other developed areas bearing demand growth compared with developing countries, has slowed; But 2014 years ago, it is this does not always appear in the developed areas around the world, because of many developed countries durable-goods manufacturing (especially a motor vehicle) after the setback in 2007 ~ 2009 and plunge, bearing demand rebounded. With a strong recovery in motor vehicle industry, as well as the rapid growth of the durable goods manufacturing, bearing demand will grow in these areas.