Hengzhou Bozhi (QYResearch) Research and Publication [2022-2028 Global and Chinese Bicycle Bearing Market Status and Future Development Trend] This report studies the production capacity, output, sales, sales, price and future trends of bicycle bearings in the global and Chinese markets. Focus on the analysis of product features, product specifications, prices, sales volume, sales revenue, and market shares of major manufacturers in the global and Chinese markets. Historical data is from 2017 to 2021 and forecast data is from 2022 to 2028.
Bearing is an important part of contemporary mechanical equipment. Its main function is to support the mechanical rotating body, reduce the friction coefficient during its movement, and ensure its rotation accuracy.
Bike bearings are the often overlooked components that actually bring a bike to life. Without bearings, a bike cannot steer, pedal or have a proper drive train. There are bearings on a bike's hubs, bottom bracket, headset, suspension pivots, pedals, shifters, etc. -- basically anything that moves on a bike has bearings installed. The statistical scope of this report is the bearing components used in traditional bicycles, excluding the electric bicycle market.
Analysis of the Current Status of the Bicycle Bearing Industry
【The market is mainly concentrated in China and India】Affected by downstream applications, the main markets for bicycle bearings are concentrated in the main production areas of bicycles, China and India, which account for nearly 80% of the total sales.
[The market is very fragmented] Due to the low added value of bicycle bearings, the global supply market is very fragmented, and the largest supplier only accounts for 6.2% of sales.
[Deep groove ball bearings dominate the market] As the most widely used ball bearings, in The bicycle bearing market accounted for more than 43% of the market share.
Overall Scale Analysis of Global Bicycle Bearings
In 2021, the global bicycle bearing market will reach US$1.44 billion, and it is expected to reach US$2.56 billion in 2028, with a compound growth rate (CAGR) of 8.79% from 2022 to 2028. In the next few years, the industry will have great uncertainty. The forecast data for 2021-2027 in this article is based on the historical development of the past few years, the opinions of industry experts, and the opinions of analysts in this article.
In terms of output, China is currently the world's largest producer of bicycle bearings, accounting for 68.23% of the market in 2021. At the same time, with the industrial upgrading of the domestic economy, customers have put forward more quality requirements and higher technical indicators for bicycle bearings, and the specifications and functions have become more and more diverse. Bicycle bearing enterprises should actively improve product quality, so as to make their own products attractive to the market.
Major bicycle bearing manufacturers in the market include SKF, Schaeffler, NSK, NTN, JTEKT, Renben Group, etc. The global market is very fragmented, the homogenization of products in the low-end market is serious, and the price competition is relatively fierce, which affects the healthy development of the market.
The main consumption areas of bicycle bearings are China, India, Europe and other countries and regions with certain bicycle production capacity. These regions account for more than the majority of the market globally. At present, China is the largest consumer market in the world, accounting for 35.82% of the market share in 2021, followed by the European Union and India, accounting for 23.40% and 20.88% respectively. It is expected that in the next few years, China will grow the fastest, with a CAGR of approximately 9.99% during 2022-2028. At the same time, with the transfer of manufacturing to Southeast Asia, such as Malaysia, Indonesia, Vietnam, etc., have relatively large market potential.
For global bicycle bearing sales and sales details, please refer to the full version of "Bicycle Bearing Industry Research Report" published by Hengzhou Bozhi Industry Research . Copyright belongs to the author. For commercial reprint, please contact the author for authorization, for non-commercial reprint, please indicate the source.
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