The Sliding Bearings Market is Highly Concentrated and Offers Opportunities to Foreign Firms with High Quality Products
Beijing, China, February 27, 2010 --(PR.com)-- GCiS China Strategic Research has published a study of the China market for sliding bearings. This study covers seven types of sliding bearings that make up most of the domestic market. An analysis was conducted on the markets for these components in the four biggest end user industries, namely automotive, construction, agriculture and shipbuilding. Over 80 key manufacturers, both foreign and domestic, distributors and channel players were interviewed in the course of this study; these were carried out between Q3 2009 and Q4 2009.
The study finds that growth in this industry is directly tied to increased capital spending and investment in the heavy industry sectors, particularly in markets such as construction and automotives. This has led to very high growth rates from 2007 to 2008 which approach 20%. While this should be lower in the coming years due to the effects of the economic slowdown in 2008-2009, growth rates are expected to still be above 10%.
The market is highly concentrated as large foreign firms hold the majority of market share by revenue by virtue of higher quality products and the higher prices they command. Demand for these will increase depending on the modernization of some of the end user industries that still lag behind technologically. Currently the market faces a clear divide between the higher end products of foreign companies and the very low end domestically produced components that make up most of total output.
While demand for sliding bearings will continue to grow along with investment in the end user industries there is a risk of overcapacity where demand will lag behind supply if this investment is timed too early.
For more information please contact:
Beijing: Ed Barlow 86-10-5978-9958 (ext. 124) research@gcis.com.cn
Shanghai: Matt Verbaet 86-21-6251-3173 matthieu@gcis.com.cn
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About the GCIS China Sliding Bearings Market Report
This GCiS market study draws on a three month, in-depth primary survey of over 80 of the market’s supply side and channel players. It is essential reading for any professional needing accurate and detailed strategic information of this market. Major areas covered include: market size and shares, break downs by end user industries, five-year projections, market by product types and, pricing trends, distribution channels, consumption patterns across different regions, an assessment of key suppliers and more.
About GCiS China Strategic Research
GCiS (www.GCiS.com.cn) is a China-based market research and advisory firm focused on business to business markets. Since 1997, GCiS has been working with leading multinationals such as Siemens and GE in sectors ranging from technology to industrial markets, medical, chemicals, resources, and a few others.
The study finds that growth in this industry is directly tied to increased capital spending and investment in the heavy industry sectors, particularly in markets such as construction and automotives. This has led to very high growth rates from 2007 to 2008 which approach 20%. While this should be lower in the coming years due to the effects of the economic slowdown in 2008-2009, growth rates are expected to still be above 10%.
The market is highly concentrated as large foreign firms hold the majority of market share by revenue by virtue of higher quality products and the higher prices they command. Demand for these will increase depending on the modernization of some of the end user industries that still lag behind technologically. Currently the market faces a clear divide between the higher end products of foreign companies and the very low end domestically produced components that make up most of total output.
While demand for sliding bearings will continue to grow along with investment in the end user industries there is a risk of overcapacity where demand will lag behind supply if this investment is timed too early.
For more information please contact:
Beijing: Ed Barlow 86-10-5978-9958 (ext. 124) research@gcis.com.cn
Shanghai: Matt Verbaet 86-21-6251-3173 matthieu@gcis.com.cn
###
About the GCIS China Sliding Bearings Market Report
This GCiS market study draws on a three month, in-depth primary survey of over 80 of the market’s supply side and channel players. It is essential reading for any professional needing accurate and detailed strategic information of this market. Major areas covered include: market size and shares, break downs by end user industries, five-year projections, market by product types and, pricing trends, distribution channels, consumption patterns across different regions, an assessment of key suppliers and more.
About GCiS China Strategic Research
GCiS (www.GCiS.com.cn) is a China-based market research and advisory firm focused on business to business markets. Since 1997, GCiS has been working with leading multinationals such as Siemens and GE in sectors ranging from technology to industrial markets, medical, chemicals, resources, and a few others.
Contact
GCiS China Strategic Research
Matt Verbaet
+86 (0) 21 6251 3173
www.gcis.com.cn
Matt Verbaet
+86 (0) 21 6251 3173
www.gcis.com.cn
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