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SUMMARY
Global demand to rise 6.4% annually through 2012
Global demand for ball, roller and plain bearings is forecast to climb 6.4
percent annually through 2012 to $66.2 billion. Aftermarket sales gains will
be limited by increases in average bearing life, reflecting the use of
improved product designs, better-quality materials and better lubricants.
However, growing demand for more expensive, better performing bearings will
provide a counterbalance, supported in part by high energy prices, which are
making highly efficient bearings a more attractive investment.
Gains to occur in both developing, developed areas
Product demand in developing parts of Asia/Pacific, Eastern Europe, Africa/
Mideast and Latin America will outpace sales in the US, Western Europe and
Japan through 2012. Market advances in developing areas will be fueled by
healthy economic growth, ongoing industrialization efforts and rising personal
income levels, bolstering manufacturing output and fixed investment
expenditures. In addition, higher living standards will help stimulate demand
for automobiles and other bearing-containing durable goods, boosting both OEM
and MRO bearing sales. China, India and Russia are expected to record some of
the strongest gains, followed by lowervolume markets like Thailand, Indonesia,
Malaysia and Romania.
Bearing demand in the US, Western Europe and Japan will rise as well. Advances
will be spurred by largely favorable economic climates and higher per capita
income, resulting in increased manufacturing activity and consumer spending
for durable goods. Although representing mature markets, these areas will
remain the most intensive users of bearing products because of the advanced
industrial and technological nature of their economies, as well as the large
numbers of bearing-containing equipment in use -- supporting substantial
aftermarket bearing demand.
Unmounted roller bearings to be fastest growing type
Unmounted roller bearings will register the strongest market gains through
2012, driven by increased output of products such as construction and mining
machinery, conveyors, machine tools and wind turbines. Demand for mounted and
combined ball/roller bearings is also expected to climb at an above-average
rate, fueled by world economic and manufacturing sector growth, bolstering
both OEM and MRO product demand. Sales of unmounted ball and plain bearings
will expand at a somewhat slower pace, although suppliers will benefit from
increased output of items like electrical and electronic equipment, motor
vehicles and aerospace equipment.
Aerospace equipment, electronics, medical devices among best prospects
Bearings used in non-automotive, nonindustrial machinery settings will post
the most robust sales gains through 2012, benefitting from the healthy outlook
for a number of products included here, such as aerospace equipment,
electronic devices and medical instruments. Growth in industrial machinery
bearing demand is also expected to be healthy, stimulated by increases in
global manufacturing activity, helping to spur associated fixed investment
expenditures. Demand for bearings used in motor vehicle applications will rise
at a slower rate, constrained by a shift in the product mix toward smaller
cars and the greater longevity of newer bearing products.
Study coverage
This new Freedonia industry study, World Bearings, presents historical demand
data (1997, 2002, 2007) and forecasts for 2012 and 2017 by product, market,
world region and for 29 countries. The study also considers market environment
factors, evaluates market share and profiles leading competitors.
TABLE OF CONTENTS
INTRODUCTION
I. EXECUTIVE SUMMARY
II. MARKET ENVIRONMENT
- General
- World Economic Overview
- Recent Economic Performance
- World Economic Outlook
- World Gross Fixed Investment Outlook
- World Manufacturing Outlook
- World Motor Vehicle Production Trends
- World Aerospace Equipment Production Trends
- Pricing Patterns
- Bearing Materials & Technology
- Bearing Materials
- Recent Technological Developments
- Competitive Technologies
- Legal & Regulatory Environment
III. WORLD SUPPLY & DEMAND
- General
- Regional Overview
- Demand
- Production
- International Trade
- Demand by Product
- Ball Bearings
- Roller Bearings
- Plain Bearings
- Other Bearings & Bearing Parts
- Mounted & Combined Ball/Roller Bearings
- Bearing Parts
- Demand by Market
- Motor Vehicles
- Industrial Machinery
- Other
- Aerospace Equipment
- All Other
IV. NORTH AMERICA
- General
- Bearing Supply & Demand
- Bearing Outlook & Suppliers
- United States
- Canada
- Mexico
V. WESTERN EUROPE
- General
- Bearing Supply & Demand
- Bearing Outlook & Suppliers
- Germany
- France
- Italy
- United Kingdom
- Spain
- Sweden
- Other Western Europe
- Belgium
- Netherlands
- Austria
- Switzerland
- All Other
VI. ASIA/PACIFIC
- General
- Bearing Supply & Demand
- Bearing Outlook & Suppliers
- China
- Japan
- South Korea
- India
- Thailand
- Indonesia
- Taiwan
- Other Asia/Pacific
- Australia
- Malaysia
- All Other
VII. OTHER REGIONS
- Latin America
- Brazil
- Other Latin America
- Eastern Europe
- Russia
- Other Eastern Europe
- Poland
- Czech Republic
- Romania
- All Other
- Africa/Mideast
- Turkey
- South Africa
- Other Africa/Mideast
VIII. INDUSTRY STRUCTURE
- General
- Industry Composition
- Market Share
- SKF
- Schaeffler
- NSK
- Timken
- JTKET
- NTN
- Other Leading Suppliers
- Product Development & Manufacturing
- Marketing & Distribution
- Cooperative Agreements
- Financial Requirements
- Mergers & Acquisitions
- COMPANY PROFILES
- Advanced Bearing Materials, see Kolbenschmidt Pierburg and Miba
- Advanced Green Components, see Timken
- All Power Manufacturing, see RBC Bearings
- Avon Bearings, see Kaydon
- Boehringer Kunststofftechnik, see EnPro Industries
- Bosch (Robert) GmbH
- C&U Group Company Limited
- Clemex Mexico, see MAHLE International
- Coastal Bearing Services, see RBC Bearings
- Daido Metal Company Limited
- Dalian Koyo Wazhou Automobile Bearing, see JTEKT
- and Wafangdian Bearing Group
- Dalian SKF Wazhou Bearings, see SKF and Wafangdian Bearing Group
- Dana Holding Corporation
- Danaher Corporation
- Delphi Corporation
- Delta Rubber, see NN
- Emerson Electric Company
- EnPro Industries Incorporated
- European Bearing Corporation
- Federal-Mogul Corporation
- GGB Bearing Technology, see EnPro Industries
- GKN plc
- Harbin Bearing Group Company
- Harsha Engineers Limited
- Hephaestus Holdings Incorporated
- Iljin Group
- Industrial Molding, see NN
- International Components Supply, see SKF and Timken
- JTEKT Corporation
- Kaydon Corporation
- Kolbenschmidt Pierburg AG
- Koyo Corporation of USA, see JTEKT
- Kyklos Bearing International, see Hephaestus Holdings
- Luoyang Bearing Corporation
- MAHLE International GmbH
- Miba AG
- Minebea Company Limited
- MPB, see Timken
- MRC Bearings, see SKF
- Nachi-Fujikoshi Limited
- National Engineering Industries Limited
- New Hampshire Ball Bearings, see Minebea
- NN Incorporated
- NSK Limited
- NTN Corporation
- Oiles Corporation
- Peer Bearing, see SKF
- Phoenix Bearings, see RBC Bearings
- Rail Bearing Service, see Timken
- RBC Bearings Incorporated
- Rexnord LLC
- Rothe Erde, see ThyssenKrupp
- Samara Bearing Plant Joint Stock Company
- Schaeffler KG
- Shafer, see Rexnord
- SKF AB
- SNFA, see SKF
- SNR Roulements, see NTN
- THK Company Limited
- ThyssenKrupp AG
- Timken Company
- Tuflite Composite Bearings, see Rexnord
- Wafangdian Bearing Group Corporation
- Wanxiang Qianchao Company Limited
- Wuxi Koyo Bearing, see JTEKT
- WM Berg, see Rexnord
- ZMZ-Bearings, see Daido Metal
- Other Companies Mentioned in Study
LIST OF TABLES
SECTION I - EXECUTIVE SUMMARY
SECTION II - MARKET ENVIRONMENT
- World Gross Domestic Product by Region
- World Gross Fixed Investment by Region
- World Manufacturing Value Added by Region
- World Motor Vehicle Production by Region
- World Aerospace Equipment Shipments by Region
- World Bearing Price Deflators
SECTION III - WORLD SUPPLY & DEMAND
- World Bearing Demand by Region
- World Bearing Shipments by Region
- World Bearing Net Exports by Region
- World Bearing Demand by Product
- World Ball Bearing Demand by Region
- World Roller Bearing Demand by Region
- World Plain Bearing Demand by Region
- World Demand for Other Bearings & Bearing Parts by Product & Region
- World Bearing Demand by Market
- World Motor Vehicle Bearing Demand by Application & Region
- World Industrial Machinery Bearing Demand by Region
- World Other Bearing Demand by Market & Region
SECTION IV - NORTH AMERICA
- North America - Bearing Supply & Demand
- North America - Bearing Demand by Product & Market
- United States - Bearing Supply & Demand
- United States - Bearing Demand by Product & Market
- Canada - Bearing Supply & Demand
- Canada - Bearing Demand by Product & Market
- Mexico - Bearing Supply & Demand
- Mexico - Bearing Demand by Product & Market
SECTION V - WESTERN EUROPE
- Western Europe - Bearing Supply & Demand
- Western Europe - Bearing Demand by Product & Market
- Germany - Bearing Supply & Demand
- Germany - Bearing Demand by Product & Market
- France - Bearing Supply & Demand
- France - Bearing Demand by Product & Market
- Italy - Bearing Supply & Demand
- Italy - Bearing Demand by Product & Market
- United Kingdom - Bearing Supply & Demand
- United Kingdom - Bearing Demand by Product & Market
- Spain - Bearing Supply & Demand
- Spain - Bearing Demand by Product & Market
- Sweden - Bearing Supply & Demand
- Sweden - Bearing Demand by Product & Market
- Other Western Europe - Bearing Supply & Demand
- Other Western Europe - Bearing Demand by Product & Market
- Other Western Europe - Bearing Supply & Demand by Country
SECTION VI - ASIA/PACIFIC
- Asia/Pacific - Bearing Supply & Demand
- Asia/Pacific - Bearing Demand by Product & Market
- China - Bearing Supply & Demand
- China - Bearing Demand by Product & Market
- Japan - Bearing Supply & Demand
- Japan - Bearing Demand by Product & Market
- South Korea - Bearing Supply & Demand
- South Korea - Bearing Demand by Product & Market
- India - Bearing Supply & Demand
- India - Bearing Demand by Product & Market
- Thailand - Bearing Supply & Demand
- Thailand - Bearing Demand by Product & Market
- Indonesia - Bearing Supply & Demand
- Indonesia - Bearing Demand by Product & Market
- Taiwan - Bearing Supply & Demand
- Taiwan - Bearing Demand by Product & Market
- Other Asia/Pacific - Bearing Supply & Demand
- Other Asia/Pacific - Bearing Demand by Product & Market
- Other Asia/Pacific - Bearing Supply & Demand by Country
SECTION VII - OTHER REGIONS
- Latin America - Bearing Supply & Demand
- Latin America - Bearing Demand by Product & Market
- Brazil - Bearing Supply & Demand
- Brazil - Bearing Demand by Product & Market
- Other Latin America - Bearing Supply & Demand
- Other Latin America - Bearing Demand by Product & Market
- Other Latin America - Bearing Supply & Demand by Country
- Eastern Europe - Bearing Supply & Demand
- Eastern Europe - Bearing Demand by Product & Market
- Russia - Bearing Supply & Demand
- Russia - Bearing Demand by Product & Market
- Other Eastern Europe - Bearing Supply & Demand
- Other Eastern Europe - Bearing Demand by Product & Market
- Other Eastern Europe - Bearing Supply & Demand by Country
- Africa/Mideast - Bearing Supply & Demand
- Africa/Mideast - Bearing Demand by Product & Market
- Africa/Mideast - Bearing Supply & Demand by Country
SECTION VIII - INDUSTRY STRUCTURE
- Bearing Sales for Selected Manufacturers, 2007
- Selected Cooperative Agreements
- Selected Acquisitions & Divestitures
LIST OF CHARTS
SECTION II - MARKET ENVIRONMENT
- World Manufacturing Value Added by Region, 2007
- World Bearing Price Changes, 1997-2017
SECTION III - WORLD SUPPLY & DEMAND
- World Bearing Demand by Region, 2007
- Additional Bearing Demand - 2012 vs. 2007
- World Bearing Demand - Projected 2007-2012 Annual Rate of Growth
- World Bearing Shipments by Region, 2007
- World Bearing Demand by Product, 2007
- World Bearing Demand by Market, 2007
SECTION IV - NORTH AMERICA
- North America - Bearing Demand by Country, 2007
SECTION V - WESTERN EUROPE
- Western Europe - Bearing Demand by Country, 2007
SECTION VI - ASIA/PACIFIC
- Asia/Pacific - Bearing Demand by Country, 2007
SECTION VII - OTHER REGIONS
- Latin America - Bearing Demand by Country, 2007
- Eastern Europe - Bearing Demand by Country, 2007
- Africa/Mideast - Bearing Demand by Country, 2007
SECTION VIII - INDUSTRY STRUCTURE
- World Bearing Market Share by Company, 2007
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