International bearing industry's competitive pressure on domestic bearing formation
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In the past ten years, after further mergers and reorganizations, the eight transnational corporations have consolidated this industrial layout (in the past few years, the operating performance of the eight major transnational corporations is shown in the table below).
Recently, Europe and the United States have introspected that “de-industrialization†has caused economic imbalances to be an important cause of the financial crisis. The “re-industrialization†in the post-crisis era is imperative. Manufacturing industries, including bearing industries, have been hit by the financial crisis. But they all have great development after recovery. China's bearing industry will be in the external environment of this international bearing industry structure for a long time, and it will be subject to tremendous competitive pressure.
Note: The revenue from bearing business in 2008 is estimated. Turnover (USD million)
State Company Name Operating Performance 2003 2004 2005 2006 2007 2008 Sweden SKF Main Revenue 63.6 68.9 75.75 81.62 85.5 88.07 Bearing Revenue 58.14 62.94 67 72 75 77.25 Germany Schaeffler Main Revenue 90 98 109 117.35 120 125.71 ( Fleury) bearing income 5,061,657,072 75.43 Japan NSK's main revenue 44.91 49.96 54.05 49.23 77.2 84.61 (NSK) bearing income 31.26 41.54 35.92 36.45 39.78 43.6 36.26 42.87 United States Timken's main revenue 48.23 49.23 52.36 56.64 (Timken) bearing income 29.3 32.92 35.85 36.45 37.89 40.99 30.74 33.39 Japan NTN's main revenue 37.39 41.61 53.2 71.24 24.14 23.8 26.11 21.63 bearings income 33.85 45.33 Japan's JTEKT main income bearing income 30.06 53.1 61.66 86.85 115.76 127.14 (JTEKT) 20.93 22.13 2426 30 32.95 Japan NMB bearings main revenue income 25.41 27.35 28.14 33.44 27.4 33.4 (Minebea) 10.57 10.8 11.04 11.7 12.95 12.93 12.17 14.77 Japan NACHI main income 15.14 15.87 19.36 22.45 (Fujio) bearing income 4.35 5.02 5.15 5.4 6.76 7.48 total primary Revenue from camp 333.15 388.39 428 .57 469.9 556.82 609.26 Bearing income 226.18 260.49 267.76 284.11 308.23 336.32