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Us Bearing Demand To Exceed 10 Billion In 2013

Release time : 2015-06-11 12:05:24
Ball, roller and plain High Speed Bearings demand in the US is projected to expand 3.0 percent per year through 2013 to $10.6 billion. Sales increases for ball and roller bearings, including both mounted and unmounted types and associated parts, will outpace those of plain Miniature Bearings, reaching $8.5 billion in 2013. Advances will be supported by sales of high-value, large diameter bearings as the wind energy and heavy equipment markets expand. Continued, albeit moderating, growth in the production of aerospace equipment and machinery will also support gains. Recovery in motor vehicle production from the low levels of 2008, particularly in heavy truck and bus manufacturing, will also benefit RC Bearings suppliers. Market gains will be dampened, however, as US companies in a variety of bearing-using industries continue to move manufacturing operations to offshore areas where labor costs are lower. These and other trends, including market share and product segmentation, are presented in US Skateboard Bearings, a new study from The Freedonia Group, Inc., a Cleveland-based industry research firm. The strongest market gains through 2013 will be posted by roller bearings, benefitting from renewed strength in US production of motor vehicles and from sales of advanced, high-value products for applications such as wind turbines and heavy machinery. Demand for mounted bearings and bearing parts will also outperform Ceramic Bearings demand overall. Mounted bearing demand increases will be spurred by original equipment manufacturers(OEM) desires to simplify their production processes and reduce future maintenance requirements. OEM bearing applications, which currently account for 78 percent of all demand, will approximate the performance of maintenance/repair/operations (MRO) applications through 2013. Sales conditions will be particularly strong in the automotive and engine, turbine and power transmission equipment manufacturing markets. MRO Needle roller Bearings demand will be bolstered by growing maintenance expenditures for aerospace equipment and construction machinery. The Freedonia Group is a leading international business research company, founded in 1985, that publishes more than 100 industry research studies annually. This industry analysis provides an unbiased outlook and a reliable assessment of an industry and includes product segmentation and demand forecasts, industry trends, demand history, threats and opportunities, competitive strategies, market share determinations and company profiles.