Send Message
Home News

company news about Bearing industry revenue of 227.8 billion yuan will show a low-speed growth in the future

China Guangzhou Zhonglu Automobile Bearing Co., LTD certification
Customer Reviews
Hello, Miss Zuo, the goods have been received, I look forward to working with you next time, good wishes.

—— Pakistan

Hello, I am very interested in your automobile wheel bearings and automobile release bearings. Please send me your product details. Looking forward to your quick reply. Please feel free to contact me via email. greeting!

—— Mohammed

Hello lady, I am more interested in the wheel bearing unit of Toyota, I hope to get your best price and look forward to your reply.

—— Edward

I'm Online Chat Now
Company News
Bearing industry revenue of 227.8 billion yuan will show a low-speed growth in the future
Latest company news about Bearing industry revenue of 227.8 billion yuan will show a low-speed growth in the future

Bearing industry revenue of 227.8 billion yuan will show a low-speed growth in the future

■ China Industry News Guo Yu

"In 2022 and the next few years, the development pattern of the bearing industry will undergo major changes, and the development speed will show a trend of low-speed growth, with an average annual growth rate of about 3%." The development of the industry is expounded in the special report "Analysis of the Economic Operation of the Bearing Industry and 2022 Outlook".

He said that 2021 is the first year of my country's "14th Five-Year Plan", the country's macroeconomic situation is generally stable, the production and operation of industrial enterprises continue to recover, the overall production and operation of the bearing industry has maintained a good level of development, and the growth rate has reached nearly the highest level in ten years. It is worth mentioning that last year, the growth rate of the bearing industry and overseas markets both hit a record high.

Good performance, import and export hit a record high

In 2021, my country's bearing industry completed an operating income of 227.8 billion yuan, a year-on-year increase of 16.52%, and the bearing output completed 23.3 billion sets, an increase of 32.7% over the same period in 2020. The foreign exchange used for bearing imports was 5.47 billion US dollars, an increase of 25.3% over the same period in 2020, and the imported bearings were 2.964 billion sets, an increase of 17.7% over the same period in 2020. The import and export of bearings reached a record high.

The growth rate of operating income reached a new high in the past 10 years. The main operating income of 125 major enterprises in 2021 was 107.408 billion yuan, a year-on-year increase of 19.87%. The top ten companies in the industry have undergone new changes. Renben, Wanxiang Qianchao, Tianma, Zwazhuan, Luozhou, Wuzhou Spring Festival, Luoyang Qianglian, Cixing, Xintorch, Huanchi, and the top ten companies have a main operating income of 637.22 100 million yuan, a year-on-year increase of 17.01%. Industrial production has shown rapid growth, bearing production and sales rates are in a balanced state, although the growth rate of inventory is high, it is still within a reasonable range, and the growth rate of profits is 20 percentage points higher than that of tax revenue. The number of employees has increased for the first time in the past five years, and the main bearing exports are The growth rate of income was 16.58 percentage points lower than the growth rate of national export earnings.

The national export of bearings hit a record high, and the United States, Germany, and India are still the main exporting countries of bearings, accounting for nearly 30%. Asia, Europe and America are still the main markets for my country's bearing exports, accounting for nearly 98%. The bearing industry clusters of seven provinces and cities in my country earn more than 80% of foreign exchange from exports, with Zhejiang, Jiangsu, Shanghai, Shandong, Liaoning, Hebei and Henan ranking the top seven.

Bearing imports also hit a record high. Japan, Germany and Taiwan Province of my country are the main bearing importing areas in China, accounting for nearly 60%.

The market faces shocks and remains stable this year

In 2022, my country's macro-economy will face shrinking demand and supply shocks, raw material prices will remain high, the number of workers will decline, energy consumption will be double-controlled, electricity and production will be limited, key core components will be controlled by others, the industrial foundation will be weak, and the industrial chain and supply chain will be unstable. A breakthrough is needed. Experts predict that the machinery industry will achieve high-quality development and steady growth in 2022, or it will show a development trend of low before and high. The China Machinery Industry Federation predicts that in 2022, the growth rate of my country's machinery industry's operating income is expected to reach about 5.5%, and the profit level will be the same as that in 2021.

According to the prediction of the trend of the machinery industry and the development trend of the bearing supporting industry, especially the bearing supporting automotive industry, the rapid development of new energy vehicles will have a greater impact on automotive bearings.

The China Automobile Association predicts that car sales will reach 27.5 million units in 2022, an increase of 5.4%, with a net increase of 1.225 million units, while new energy vehicles will reach 5 million units, with a penetration rate of 18.18%, so fuel vehicles will be reduced by 3.775 million units. The automotive bearing market, especially the fuel vehicle drive and transmission system bearings, will show a downward trend.

The "14th Five-Year Plan" of the China Automobile Association predicts that in 2025, the production of automobiles will reach 30 million, and the number of new energy vehicles will reach 6 million. From the current point of view, it may even reach 10 million. The future increments are all new energy vehicles, fuel vehicles are gradually declining, and the number of fuel vehicle bearings will also decrease year by year, resulting in a decline in automotive bearing revenue.

In the context of the country's realization of the "dual carbon" goal and the construction of a new dual-cycle development pattern, electrification will also become one of the important directions for the green development of construction machinery and agricultural machinery. Some experts predict that the electrification rate of construction machinery will reach 25% by 2025.

The automobile industry, construction machinery and agricultural machinery are the main markets for bearing support. With the rapid development of electrification rate and changes in drive and transmission systems, the amount of bearings will be reduced accordingly, which will have a significant impact on the bearing industry.

However, as my country gradually realizes the "dual carbon" goal and shifts to high-quality development, wind turbines, industrial robots, urban rail transit, industrial intelligence, and urban intelligence will drive the development of some new bearing markets.

Leading companies made a good start in the first quarter

A number of leading enterprises in the bearing industry have recently announced their annual report results and opening sales, showing a good situation.

Wanxiang Qianchao's constant velocity drive shaft factory's revenue in 2021 will increase by 30.2% year-on-year compared with 2020, and its total profit will more than double year-on-year. Good results were achieved in January this year, with revenue increasing by 13.20% year-on-year compared with 2021, and total profit increasing by 43.02% year-on-year.

In 2022, the company stated that it will continue to strive for more international high-end projects and do a good job in the medium and long-term development strategy of the market. It is necessary to continue to release internal potential in the management of people, finance and materials, boldly use young people, expand employee development channels, cultivate expert and compound talents, and do a good job in talent reserve development strategies; Eliminate the phenomenon of exclusive supply and supporting cooperation, reduce procurement costs, replace imported products with domestic products, and replace imported products with self-made products, so as to improve efficiency and efficiency; continue to set benchmarks, build lighthouse factories, and strive to enter the top three in the world.

Since the first quarter of this year, Luoyang LYC Bearing Co., Ltd. has been focusing on epidemic prevention and control on the one hand, and resumption of work and production on the other, using a number of "hard-core" measures to turn crises into opportunities and achieve double-digit growth in production and sales year-on-year. Among them, March Output increased by 50% year-on-year, achieving a good start to production and operation in the first quarter.

Since the beginning of this year, ZWZ Group has made outstanding achievements in market development, and the production and sales of wind power, railway, metallurgy and other product lines have been booming, laying a solid foundation for the substantial growth of major indicators throughout the year. Railway bearings are the traditional superior products of the Wazhou Group. Through continuous strengthening of intelligent transformation of production lines, product quality and production efficiency have been greatly improved, and market shares have continued to expand. In January, the company's railway bearing products successively received bulk orders from key domestic customers, and two digital production lines maintained full-load production.

(Article source: China Industry News)

Pub Time : 2022-04-22 13:42:45 >> News list
Contact Details
Guangzhou Zhonglu Automobile Bearing Co., LTD

Contact Person: Miss. ZUO

Tel: +8613719121278

Fax: 86-020-62155285-28904919

Send your inquiry directly to us (0 / 3000)