The Chinese government has been encouraging the manufacture of mechanical and electronic products to improve domestic productivity and to increase the value of Chinese exports. Bearings are basic components in a variety of machinery and motors, consequently, the Bearing Manufacturing industry is one of the most rapidly growing segments of China's manufacturing sector.
Following strong industry growth since 2004, industry revenue growth slowed considerably in 2009 to 11.2% for the year. The weaker performance in 2009 was mainly due to the global recession and sharply decreasing foreign demand.
The Bearing Manufacturing industry in China produces bearings and components, including rolling bearings, sliding bearings, linear roll bearings, bearing bases, bearing covers, bearing blocks, bearing housings, as well as bearing components such as bearing sleeves, shield bearings, ball bearings, needles, rollers and other bearing products. Products such as flywheels, chain wheels and pulley blocks are not included in this industry.
The report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecast, growth rates and an analysis of the industry key players and their market shares.