Analysis of the demand scale and market trend of the automobile manufacturing field of my country's needle roller bearing industry in 2020

Automobile manufacturing is one of the largest demand markets for needle roller bearings. According to the China Bearing Industry Association, the demand for bearings in the automotive sector will reach 35 billion yuan in 2020. Needle roller bearings bear the same load with smaller outer diameter, lighter weight, smaller inertia, and greater rigidity. Therefore, they are widely used in automobile powertrain, chassis, air conditioning and other parts, accounting for each About 30% of the 80 sets of bearings in automobiles are closely related to the reliability, safety and comfort of the entire vehicle.

From 2018 to 2019, my country's auto production and sales declined slightly, but still maintained a high base. From 2011 to 2019, my country's automobile production increased from 18.42 million to 25.72 million, with a compound annual growth rate of 4.26%. Since 2011, with the expansion of the base of automobile production and sales, the growth rate of my country's automobile production has slowed down, but the compound annual growth rate from 2011 to 2017 is still higher than the average growth rate of domestic GDP. In 2019, my country's automobile consumption was not strong, purchasing power was insufficient, and it was in the "National V" and "National VI" replacement period. Dealers were under greater pressure to destock. Domestic automobile production and sales did not improve. In 2019, domestic automobile production and sales were 2,572 10,000 vehicles and 25.77 million vehicles were produced and sales decreased by 7.5% and 8.2% year-on-year respectively.

Moreover, my country is still in the development period of automobile consumption and the window period for upgrading. There is still a big gap in the per capita car ownership compared with developed countries, especially in the third and fourth tier cities and the central and western regions. Growth potential.
my country's automobile production and growth rate

my country's auto sales and growth rate

Relevant national policies have helped the development of the automobile industry, and the automobile industry still has good room for development. my country has introduced many policies to promote automobile consumption, which are expected to effectively stimulate the domestic automobile consumption market, and play an important role in boosting the automobile industry and its upstream and downstream industries. Bearing products still have great development prospects in the automobile industry in the next few years.

Related policies of my country's automobile industry

In addition, from 2015 to 2019, the number of my country's auto exports increased from 720,000 to 1.02 million, a compound growth rate of 9.10%. In the future, the continuous growth of the number of domestic auto exports will drive the further increase of the production and sales scale of my country's auto industry .

my country's auto exports increase