1. Changes in market share of Asian countries

Indian market

India, as the largest exporter of Chinese bearings in Asia, has shown significant growth in the market share of Chinese bearings in India in recent years. With the acceleration of India's industrialization process, its domestic manufacturing and automotive industries are booming, and the demand for bearings has risen sharply. Although India's local bearing industry has developed, there is still a gap with China in terms of scale and technological maturity. Chinese bearing enterprises have entered the Indian market in large numbers by virtue of their cost advantages, rich product categories and fast delivery capabilities. From the data point of view, in the past five years, the share of Chinese bearings in India's imported bearings market has increased from about 25% to about 35%. For example, in the auto parts supporting market in India, the low-end bearings produced in China are widely used in the production of local auto brands in India by virtue of their price advantages, occupying a large market share.

Korean market

South Korea's electronics, automotive, machinery and other industries are developed, and the demand for bearings is diverse and large. In the early days, the Korean market was mainly occupied by products from traditional bearing powers such as Europe, the United States and Japan. However, with the technological progress of China's bearing industry, on the basis of meeting some low-end demand in South Korea, it has gradually penetrated into the high-end market. In some industry links that are more sensitive to cost, such as small household appliances, general machinery manufacturing and other fields, China bearing has steadily increased its market share with its cost-effective advantages. Over the past decade, China's bearing market share in South Korea has increased from less than 10% to about 15%. However, in the field of high-end precision bearings, due to the high requirements of Korean companies for technology and quality, and the layout of local and European, American and Japanese companies for a long time, China's bearing share is still facing greater challenges.

Japanese market

Japan leads the technology in the field of high-end bearings, but there is import demand for low-end and some specific purpose bearings. Chinese bearings occupy a certain share in the Japanese market by virtue of their cost-effective advantages, mainly used in general machinery, maintenance and replacement fields. However, in recent years, with the changes in Japan's domestic economic situation and the adjustment of some parts of the manufacturing industry, China's bearing market share in Japan has grown more slowly, basically stable between 10%-12%. At the same time, Japan's environmental protection, quality standards and other requirements for imported bearings continue to improve, to a certain extent, limiting the further expansion of China's bearing market share.

2. Market share changes in the Americas

American market

The United States has a complete industrial system, developed automotive, aerospace, machinery manufacturing and other industries, and is an important bearing consumer market in the world. In the past, the well-known bearing enterprises in the United States dominated, but Chinese bearings, with rich product types and reasonable prices, have gradually gained a foothold in the low-end market and some specific industrial fields. In recent years, with the technology improvement of Chinese bearing enterprises, some high-end products have also begun to enter the US market. For example, through the implementation of the "overseas localization" strategy, China Waxing Group has become the core supplier of the three major American automobile companies, and has obtained a certain market share in the field of high-end automotive bearings. Overall, in the past five years, the market share of Chinese bearings in the United States has increased from about 15% to about 20%, and in emerging areas such as new energy vehicle-related bearings, the growth trend is more obvious.

Mexican market

Mexico, with its geographical advantages close to the United States and the development of its own automobile manufacturing and other industries, has considerable imports of Chinese bearings. Chinese bearings in the Mexican market are mainly concentrated in low-end products, used in automotive parts manufacturing, general industrial machinery and other fields. Due to the rapid development of Mexico's manufacturing industry, more attention to cost control, the price advantage of Chinese bearings has made its market share continue to expand. In the past five years, China's bearing market share in Mexico has increased from 20% to about 30%, and in the future, with the further expansion of Mexico's manufacturing industry and the improvement of its industrial correlation with the United States, China's bearing is expected to continue to grow.

3. Changes in market share of European countries

German market

Germany is a manufacturing power and has extremely high requirements for bearing accuracy and performance. For a long time, the German high-end bearing market has been dominated by well-known companies in the country and Sweden. However, with the technological progress of China's bearing industry, some high-end products have begun to enter the German market. For example, in 2024, Yujie Bearings in Liaocheng, Shandong Province successfully entered the German high-end bearing market, and its products showed excellent performance in heavy-duty gates and other application scenarios, and the price was only 1/4 of similar products in Europe and the United States. In the middle and low-end markets, Chinese bearings are widely used in some price-sensitive industrial application scenarios in Germany by virtue of their cost advantages. However, due to the high recognition of the brand and technology in the German market, China's bearing market share is facing fierce competition, and the current market share in Germany is about 8%-10%, but it is showing a slow upward trend.

Italian market

Italy is more developed in machinery, textile, auto parts manufacturing and other industries, and has different levels of demand for various types of bearings. With rich product specifications and reasonable prices, Chinese bearings occupy a certain share in the low-end Italian market, especially in textile machinery and other industries that are more sensitive to costs. In recent years, with the attention of Chinese enterprises to the Italian market and the improvement of product quality, the market share has increased from about 10% in the past to about 15%. In the high-end market, although China bearing faces challenges, it is also gradually exploring development space through cooperation with local enterprises and technology introduction.

Russian market

Russia's development in the fields of energy and machinery, as well as the gradual improvement of its industrial system, has deepened its dependence on China's bearings. In terms of energy mining equipment and basic industrial machinery, China's bearing market share continues to grow with its cost-effective advantage. Over the past five years, China's bearing market share in Russia has increased from 15% to around 25%. As Russia increases investment in infrastructure construction and industrial modernization, the demand for bearings will further increase, and Chinese bearings are expected to continue to expand market share.