Home > News > African bearing market
Online Service
Moore Liu

Mr. Moore Liu

Leave a message
Contact Now

African bearing market

Bearings are mainly used to reduce friction between moving parts of mechanical components. With the technological progress of several vertical industries in Africa, such as automobile, construction, oil and gas, the application and function of bearing in African market keeps developing. The application of high-end technologies such as intelligent bearing also helps manufacturers to continuously monitor bearing operation.
At present, the African bearing market is mainly dominated by South Africa, Nigeria, Egypt and Algeria. According to overseas media reports, South Africa's bearing market has great potential, with annual sales of about us $200 million to us $280 million. Most of the bearings currently used in South Africa are imported, mainly from Europe, the United States and the far east. Major bearing importers in South Africa include BearingMan, ina-fag, SKF and Timken. BearingMan has about a third of the market in South Africa.
In addition, SKF and Timken have a bearing factory in South Africa, and the bearing type and style can be customized according to the user's requirements. BearingMan officials said that South Africa is basically not the country of origin of equipment manufacturing, and most of the bearings required for manufacturing large equipment such as automobiles and construction machinery in South Africa need to be imported from abroad. Therefore, from now on, Chinese bearing enterprises enter the South African market at the right time.
According to the china-africa trade research center, the global bearing market was worth $75.91 billion in 2014, and the global bearing market is expected to reach $101 billion by 2018, with a compound annual growth rate estimated at 7.7 percent from 2014 to 2020. The bearing market for industrial original equipment accounts for about 40 per cent of world demand, including manufacturers of machinery and equipment in light industry and heavy industry, as well as manufacturers of aerospace, non-road and rail vehicles. About 30 per cent of world bearing demand is maintained through the sale of distributors (industrial distribution and independent automotive aftermarket), of which about 25 per cent is related to the automotive service market and about 75 per cent is related to the industrial market.
At present, the African bearing market is mainly driven by the growing demand of the automobile industry, and the increase of automobile production in Africa has greatly increased the demand for automobile bearing. In addition, the growing demand of the steel industry, railways, defence and aerospace industries has contributed to the growth of the African bearing market, while the processing industry's demand for energy efficiency has greatly increased its demand for bearings.
In recent years, China's bearing exports to South Africa have increased greatly, and China's bearing marketability is on the way, the market prospect is promising. We should focus on developing the bearing markets of important African countries such as South Africa, Egypt, Nigeria and Tunisia.
Related Productslist