Bearings in China

Demand for bearings in China will grow 13.8 percent annually through 2011 based on rapid gains in durable goods production, especially motor vehicles and industrial machinery. Commodity bearings such as deep groove ball and tapered roller types will remain the top exports. Unmounted roller bearings will grow the fastest.

This study analyzes the ¥65.5 billion Chinese bearings industry. It presents historical demand data (1996, 2001, 2006) and forecasts for 2011 and 2016 by product (e.g., ball bearings, roller bearings, plain bearings, mounted bearings); market (e.g., motor vehicles, industrial machinery, maintenance/repair/operations); and region (e.g., Central-North, Central-South).

The study also considers market environment factors, details industry composition, evaluates company market share and profiles 28 leading competitors, including SKF, Schaeffler, Wafangdian Bearing, C& U, Luoyang Bearing, and Harbin Bearing.

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TABLE OF CONTENTS SECTION PAGE INTRODUCTION ix I. EXECUTIVE SUMMARY 1 II. MARKET ENVIRONMENT 4 General 4 Economic Overview 5 Recent Economic Performance 5 Economic Outlook 7 Demographic Overview 8 Currency Exchange Rates 12 Manufacturing Overview 14 Historical Trends 16 Pricing Patterns 18 Bearing Materials 20 Technology 22 Bearing Types 23 Alternative Bearing Products 27 Legal & Regulatory Environment 29 The Eleventh Five Year Plan 31 International Environment 32 World Outlook 33 Foreign Trade 36 III. PRODUCTS 38 Supply & Demand 38 Ball Bearings 41 Deep Groove 45 Angular 46 Self Aligning 46 Thrust & Other 47 Roller Bearings 48 Tapered 51 Cylindrical 52 Self Aligning 53 Needle 54 Thrust & Other 55 Plain Bearings 56 Spherical 58 Sleeve & Other 58 Mounted Bearings 59 Ball 62 Roller 62 Plain 63 Bearing Parts 63 Balls 66 Rollers 66 Other Ball & Roller Bearing Parts 67 Plain Bearing Parts 67 IV. MARKETS 69 General 69 Original Equipment Manufacturing 70 Motor Vehicles 72 Industry Outlook 72 Bearing Market 74 Industrial Machinery 77 Industry Outlook 77 Bearing Market 79 Electrical/Electronic Equipment 81 Industry Outlook 82 Bearing Market 83 Material Handling & Other Machinery 85 Industry Outlook 85 Bearing Market 87 Farm Machinery 89 Industry Outlook 90 Bearing Market 91 Aerospace Equipment 92 Industry Outlook 93 Bearing Market 95 Other OEM Applications 96 Maintenance/Repair/Operations 99 Industrial MRO 100 Sector Outlook 100 Bearing Market 102 Services MRO 104 Sector Outlook 105 Bearing Market 106 Public/Institutional MRO 108 Sector Outlook 109 Bearing Market 110 V. REGIONAL TRENDS 112 General 112 Regional Demographic & Economic Trends 115 Population Patterns 115 Economic Outlook 117 Regional Manufacturing Production Outlook 118 Regional Automotive Outlook 120 Regional Bearing Demand 122 Central-North 124 Overview 124 Bearing Demand 126 Northeast 128 Overview 128 Bearing Demand 131 Central-East 133 Overview 133 Bearing Demand 134 Central-South 136 Overview 136 Bearing Demand 138 Southwest 140 Overview 140 Bearing Demand 142 Northwest 144 Overview 144 Bearing Demand 146 VI. INDUSTRY STRUCTURE 149 General 149 Industry Composition 150 Market Share 152 SKF 152 Schaeffler 153 Wafangdian Bearing 153 C&U 153 Luoyang Bearing 154 Harbin Bearing 154 Other Leading Companies 154 Product Development & Manufacturing 155 Marketing & Distribution 156 Financial Issues & Requirements 158 Mergers & Acquisitions 159 Cooperative Agreements 160 Foreign Participation in the Chinese Market 163 Legal & Regulatory Issues 163 Joint Ventures 165 Wholly Owned Foreign Enterprises 167 Representative Offices 168 Company Profiles 169 Beijing Nankou SKF Railway Bearings, see SKF AB C&U Group Company Limited 170 Changzhou Wujin Huanyu Bearing Company Limited 171 China Bearing Singapore Limited 172 China Huanchi Bearing Group 173 Chongqing Changjiang Bearing Industrial Corporation 174 Cixing Group Company Limited 175 Dalian Metallurgical Bearing Group Company 176 Dalian SKF Wazhou Bearings, see SKF and Wafangdian Bearing Group Dandong Bearing Company Limited 177 Fujian Longxi Bearing Group Corporation Limited 177 Gansu Hailin Zhongke Science and Technology Company 178 Harbin Bearing Group Company 179 Hebei Yinhe Bearing Company Limited 180 Henan Yuhua Bearing Company Limited 181 Jilin Bearing Group Company Limited 181 Jining Jingyi Bearing Company Limited 182 Linyi Kaiyuan Bearing, see China Bearing Singapore Luoyang Bearing Corporation 183 Ningbo Mos Group Corporation Limited 184 SBC Shanghai Bearing, see Shanghai Prime Machinery Schaeffler KG 186 Shanghai General Bearing, see Shanghai Prime Machinery Shanghai Prime Machinery Company Limited 188 Shanghai Tian An Bearing, see Shanghai Prime Machinery Shanghai United Bearing, see Shanghai Prime Machinery and TSB Bearings Group Shaoguan Southeast Bearing Company Limited 191 Shaoxing San-Gi Continents Bearing, see Zhejiang Continents & Xinchun Group SKF AB 192 Suzhou Bearing Factory Company Limited 195 Timken Company 196 TSB Bearings Group Company Limited 199 Wafangdian Bearing Group Corporation 201 Wanxiang Qianchao Company Limited 202 Wuxi Bokai Light Bearing Company Limited 203 Xiangyang Automobile Bearing, see TSB Bearings Group Xibei Bearing Company Limited 204 Xinchang Continents Bearing Forging, see Zhejiang Continents & Xinchun Group Zhejiang Continents & Xinchun Group 205 Zhejiang Tianma Bearing Company Limited 206 Zhejiang Xinchang Tiansheng Bearing, see Zhejiang Continents & Xinchun Group Zhejiang Xinchun Bearing Company Limited, see Zhejiang Continents & Xinchun Group Other Companies Mentioned in the Study 207 LIST OF TABLES TABLE NUMBER PAGE SECTION I -- EXECUTIVE SUMMARY Summary Table 3 SECTION II -- MARKET ENVIRONMENT 1 Gross Domestic Product of China 8 2 Population of China 11 3 Chinese Currency Exchange Rates, 1996-2006 13 4 Manufacturing Production 16 5 Bearing Market in China, 1996-2006 18 6 Selected Bearing Pricing Patterns in China 20 7 World Bearing Demand by Region 36 8 Chinese Foreign Trade in Bearings 37 SECTION III -- PRODUCTS 1 Bearing Supply & Demand in China 40 2 Ball Bearing Supply & Demand in China 44 3 Roller Bearing Supply & Demand in China 50 4 Plain Bearing Supply & Demand in China 57 5 Mounted Bearing Supply & Demand in China 61 6 Bearing Parts Supply & Demand in China 65 SECTION IV -- MARKETS 1 Bearing Demand in China by Market 70 2 OEM Bearing Demand in China 71 3 Motor Vehicle Production & Shipments in China 74 4 Motor Vehicle Bearing Demand in China 76 5 Industrial Machinery Production in China 79 6 Industrial Machinery Bearing Demand in China 81 7 Electrical & Electronic Product Production in China 83 8 Electrical & Electronic Product Bearing Demand in China 84 9 Material Handling & Other Machinery Production in China 87 10 Material Handling & Other Machinery Bearing Demand in China 89 11 Farm Machinery Production in China 91 12 Farm Machinery Bearing Demand in China 92 13 Aerospace Equipment Production in China 94 14 Aerospace Equipment Bearing Demand in China 96 15 Other OEM Bearing Demand in China 98 16 MRO Bearing Demand in China 100 17 Industrial Output & Construction in China 102 18 Industrial Sector MRO Bearing Demand in China 104 19 Selected Service Revenues in China 106 20 Service Sector Bearing Demand in China 108 21 Government Spending & Investment in China 110 22 Public/Institutional Sector MRO Bearing Demand in China 111 SECTION V -- REGIONAL TRENDS 1 Population of China by Region 117 2 Gross Domestic Product of China by Region 118 3 Manufacturing Production in China by Region 120 4 Motor Vehicle Production & Park in China by Region 122 5 Bearing Demand in China by Region 123 6 Central-North Region of China: Bearing Demand 128 7 Northeast Region of China: Bearing Demand 132 8 Central-East Region of China: Bearing Demand 136 9 Central-South Region of China: Bearing Demand 140 10 Southwest Region of China: Bearing Demand 144 11 Northwest Region of China: Bearing Demand 148 SECTION VI -- INDUSTRY STRUCTURE 1 Revenue Data: Selected Bearing Companies, 2006 151 2 Selected Cooperative Agreements 161 LIST OF CHARTS CHART NUMBER PAGE SECTION II -- MARKET ENVIRONMENT 1 Population of China by Age 11 2 Chinese Currency Exchange Rates, 1996-2006 14 SECTION III -- PRODUCTS 1 Bearing Demand in China by Product, 2006 41 2 Ball Bearing Demand in China by Type, 2006 44 3 Roller Bearing Demand in China by Type, 2006 51 4 Mounted Bearing Demand in China by Type, 2006 61 5 Bearing Parts Demand in China by Type, 2006 65 SECTION V -- REGIONAL TRENDS 1 Bearing Demand in China by Region, 2006 124 2 Central-North Region of China 126 3 Northeast Region of China 130 4 Central-East Region of China 134 5 Central-South Region of China 138 6 Southwest Region of China 142 7 Northwest Region of China 146 SECTION VI -- INDUSTRY STRUCTURE 1 Bearing Market Share in China by Company, 2006 152

Bearings in China

Purchase Bearings in China by the Section

Bearings in China

1 INTRODUCTION

2 EXECUTIVE SUMMARY

Table | BEARING DEMAND IN CHINA (million yuan) 2001 - 2016

3 MARKET ENVIRONMENT

3.1 General

3.2 Economic Overview

3.2.1 Recent Economic Performance

3.2.2 Economic Outlook

Table | GROSS DOMESTIC PRODUCT OF CHINA 1996 - 2016

3.3 Demographic Overview

Table | POPULATION OF CHINA (million persons) 1996 - 2016

3.4 Currency Exchange Rates

Table | CHINESE CURRENCY EXCHANGE RATES, 1996-2006 (Chinese yuan per foreign currency)

3.5 Manufacturing Overview

Table | MANUFACTURING PRODUCTION (billion yuan) 1996 - 2016

3.6 Historical Trends

Table | BEARING MARKET IN CHINA, 1996-2006

3.7 Pricing Patterns

Table | SELECTED BEARING PRICING PATTERNS IN CHINA (yuan per unit) 1996 - 2016

3.8 Bearing Materials

3.9 Technology

3.9.1 Bearing Types

3.9.2 Alternative Bearing Products.

3.10 Legal & Regulatory Environment

3.11 The Eleventh Five Year Plan

3.12 International Environment

3.12.1 World Outlook

Table | WORLD BEARING DEMAND BY REGION (billion US dollars) 1996 - 2016

3.12.2 Foreign Trade

Table | CHINESE FOREIGN TRADE IN BEARINGS (million yuan) 1996 - 2016

4 PRODUCTS

4.1 Supply & Demand

Table | BEARING SUPPLY & DEMAND IN CHINA (million yuan) 1996 - 2016

4.2 Ball Bearings

Table | BALL BEARING SUPPLY & DEMAND IN CHINA (million yuan) 1996 - 2016

4.2.1 Deep Groove

4.2.2 Angular

4.2.3 Self Aligning

4.2.4 Thrust & Other

4.3 Roller Bearings

Table | ROLLER BEARING SUPPLY & DEMAND IN CHINA (million yuan) 1996 - 2016

4.3.1 Tapered

4.3.2 Cylindrical

4.3.3 Self Aligning

4.3.4 Needle

4.3.5 Thrust & Other

4.4 Plain Bearings

Table | PLAIN BEARING SUPPLY & DEMAND IN CHINA (million yuan) 1996 - 2016

4.4.1 Spherical

4.4.2 Sleeve & Other

4.5 Mounted Bearings

Table | MOUNTED BEARING SUPPLY & DEMAND IN CHINA (million yuan) 1996 - 2016

4.5.1 Ball

4.5.2 Roller

4.5.3 Plain

4.6 Bearing Parts

Table | BEARING PARTS SUPPLY & DEMAND IN CHINA (million yuan) 1996 - 2016

4.6.1 Balls

4.6.2 Rollers

4.6.3 Other Ball & Roller Bearing Parts

4.6.4 Plain Bearing Parts

5 MARKETS

5.1 General

Table | BEARING DEMAND IN CHINA BY MARKET (million yuan) 1996 - 2016

5.2 Original Equipment Manufacturing

Table | OEM BEARING DEMAND IN CHINA (million yuan) 1996 - 2016

5.2.1 Motor Vehicles

Table | MOTOR VEHICLE PRODUCTION & SHIPMENTS IN CHINA 1996 - 2016

Table | MOTOR VEHICLE BEARING DEMAND IN CHINA (million yuan) 1996 - 2016

5.2.2 Industrial Machinery

Table | INDUSTRIAL MACHINERY PRODUCTION IN CHINA (billion yuan) 1996 - 2016

Table | INDUSTRIAL MACHINERY BEARING DEMAND IN CHINA (million yuan) 1996 - 2016

5.2.3 Electrical/Electronic Equipment

Table | ELECTRICAL & ELECTRONIC PRODUCT PRODUCTION IN CHINA (billion yuan) 1996 - 2016

Table | ELECTRICAL & ELECTRONIC PRODUCT BEARING DEMAND IN CHINA (million yuan) 1996 - 2016

5.2.4 Material Handling & Other Machinery

Table | MATERIAL HANDLING & OTHER MACHINERY PRODUCTION IN CHINA (billion yuan) 1996 - 2016