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Market Research Report
BEARINGS (US industry forecasts for 2013 & 2018)
| Published by |
The Freedonia Group |
| Published |
September, 2009 |
Product code |
99378 |
| Content info |
267 PAGES |
| Price |
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BEARINGS (US industry forecasts for 2013 & 2018) published by The Freedonia Group in September, 2009. This report consists of 267 PAGES and the price starts from US $ 4800.
Abstract
US demand to expand 3% annually through 2013
Bearing demand in the US (including plain bearings) is projected to expand 3.0
percent per year through 2013 to $10.6 billion. The primary factors supporting
advances will be a rebound in motor vehicle production levels and continued,
albeit moderating, growth in aerospace equipment and machinery shipments. In
addition, as the wind energy market continues to grow, suppliers will benefit
from sales of high-value, large diameter wind turbine bearings. Market gains
will be dampened by a deceleration in overall durable goods output as US
companies continue to move manufacturing operations to offshore areas where
labor costs are lower. Significant increases in average bearing life,
attributable to the use of improved product designs, betterquality materials
and better lubricants, will also restrain growth in aftermarket sales.
However, a shift in the product mix toward more expensive, better performing
products will provide a counterbalance, supported in part by high energy
prices that will make highly efficient bearings a more attractive investment.
Improved quaiity, performance to boost shipments
Shipments of bearings from US plants are expected to expand 2.8 percent
annually through 2013 to $10.0 billion, approximating domestic demand
increases. Industry output will be stimulated by growth in several key
domestic bearingusing industries and by rising demand in a number of export
markets. Further investment in US bearing plants by foreign firms will
contribute to production gains as well. US bearing manufacturers' ongoing
efforts to improve the quality and performance of their products, and to
increase the efficiency of their operations, will also help spur output
growth, as will a trend from selling simple components to selling more
advanced, higher value added systems that incorporate bearings and associated
components. However, foreign suppliers are also improving the quality of their
goods, and US-based bearing companies are expected to make additional
investments in overseas manufacturing facilities, limiting advances in
domestic industry production.
Roller bearings to post strongest market gains
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 bearing demand overall. Sales of bearing parts will be driven by
increases in the number of bearingcontaining products (aircraft, automobiles,
industrial equipment, etc.) in use and by demand for the improved performance
associated with more advanced parts. Mounted bearing demand increases will be
spurred by original equipment manufacturers' (OEM) desire to simplify their
production process 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. Market conditions will be particularly strong
in the automotive and engine, turbine and power transmission equipment
manufacturing markets. MRO bearing demand will be bolstered by continued
increases in government spending and by a rebound in residential construction
expenditures.
Study coverage
This new Freedonia industry study, Bearings, presents historical demand data
(1998, 2003 and 2008) plus forecasts for 2013 and 2018 by product and market.
The study also considers market environment factors, assesses US industry
structure, evaluates company market shares and profiles 32 industry
competitors.
Table of Contents
INTRODUCTION
I. EXECUTIVE SUMMARY
II. MARKET ENVIRONMENT
- General
- Economic Environment
- Cyclical Trends
- Long Term Trends
- Market Dynamics
- Pricing Patterns
- Bearing Materials
- Technology
- Basic Bearing Technology
- Recent Technological Developments
- Competitive Technologies
- Legal & Regulatory Environment
- International Environment
- World Supply & Demand
- US Foreign Trade
III. PRODUCTS
- General
- Ball Bearings
- Precision Radial
- Nonprecision Radial
- Thrust & Other
- Roller Bearings
- Tapered
- Other
- Cylindrical
- Needle
- Spherical
- All Other
- Plain Bearings
- Journal
- Spherical
- Thrust & Other
- Mounted Bearings
- Bearing Parts
- Balls
- Rollers
- Other Ball & Roller Bearing Parts
- Plain Bearing Parts
IV. MARKETS
- General
- Original Equipment Manufacturing
- Motor Vehicles
- Industry Outlook
- Bearing Market
- Machinery
- Industry Outlook
- Bearing Market
- Engines, Turbines & Power Transmission Equipment
- Industry Outlook
- Bearing Market
- Aerospace Equipment
- Industry Outlook
- Bearing Market
- Construction, Mining & Oilfield Machinery
- Industry Outlook
- Bearing Market
- Material Handling Equipment
- Industry Outlook
- Bearing Market
- Farm & Garden Machinery
- Industry Outlook
- Bearing Market
- Other OEM Applications
- Maintenance/Repair/Operations
- Industrial MRO
- Sector Outlook
- Bearing Market
- Services MRO
- Sector Outlook
- Bearing Market
- Government MRO
- Sector Outlook
- Bearing Market
V. INDUSTRY STRUCTURE
- General
- Industry Composition
- Market Share
- Product Development & Manufacturing
- Marketing & Distribution
- Cooperative Agreements
- Financial Issues
- Mergers, Acquisitions & Industry Restructuring
COMPANY PROFILES
- Advanced Green Components, see Timken
- Altra Industrial Motion Incorporated
- American Roller Bearing Company
- AMSTED Industries Incorporated
- ASF-Keystone, see AMSTED
- Avon Bearings, see Kaydon
- Baldor Electric Company
- Barden, see Schaeffler
- Bearing Inspection, see Timken
- Bosch (Robert) GmbH
- Boston Gear, see Altra Industrial Motion
- Brenco, see AMSTED
- CoLinx, see Schaeffler, SKF and Timken
- Cooper Split Roller Bearing, see Kaydon
- Danaher Corporation
- Delta Rubber, see NN
- Delphi Corporation
- Emerson Electric Company
- EnPro Industries Incorporated
- Federal-Mogul Corporation
- Formsprag Clutch, see Altra Industrial Motion
- Frantz Manufacturing Company
- General Bearing Corporation
- GGB Bearing Technology, see EnPro
- GKN plc
- Hephaestus Holdings Incorporated
- Hoover Precision Products, see Tsubaki Nakashima
- Hub City, see Regal-Beloit
- Iljin Group
- Industrial Molding, see NN
- Industrial Tectonics, see Kaydon
- JTEKT Corporation
- Kaydon Corporation
- Kilian Manufacturing, see Altra Industrial Motion
- Koyo, see JTEKT
- Kyklos Bearing, see Hephaestus Holdings
- MAHLE International GmbH
- Minebea Company Limited
- MPB, see Timken
- MRC Bearings, see SKF
- myonic Holding, see Minebea
- Nachi-Fujikoshi Limited
- New Hampshire Ball Bearings, see Minebea
- NN Incorporated
- NSK Limited
- NTN Corporation
- Pacamor Kubar Bearings
- Peer Bearing, see SKF
- Phoenix Bearings, see RBC Bearings
- Rail Bearing Service, see Timken
- RBC Bearings Incorporated
- Regal-Beloit Corporation
- Rexnord LLC
- Rotek, see ThyssenKrupp
- Saint-Gobain
- Schaeffler KG
- Shafer, see Rexnord
- SKF AB
- SNR Roulements, see NTN
- THK Company Limited
- ThyssenKrupp AG
- Timken Company
- Tsubaki Nakashima Company Limited
- Tuflite Composite Bearings, see Rexnord
- WM Berg, see Rexnord
- Additional Companies
LIST OF TABLES
SECTION I -- EXECUTIVE SUMMARY
SECTION II -- MARKET ENVIRONMENT
- 1 Macroeconomic Indicators
- 2 Bearing Market, 1998-2008
- 3 Manufacturers' Shipments by Industry
- 4 Nonresidential Fixed Investment & Equipment Stock
- 5 Bearing Pricing Deflators
- 6 World Bearing Demand by Region
- 7 US Foreign Trade in Bearings
- 8 US Bearing Imports by Source, 1998-2008
- 9 US Bearing Exports by Destination, 1998-2008
SECTION III -- PRODUCTS
- 1 Bearing Supply & Demand
- 2 Ball Bearing Supply & Demand
- 3 Precision Radial Ball Bearing Supply & Demand
- 4 Nonprecision Radial Ball Bearing Supply & Demand
- 5 Thrust & Other Ball Bearing Supply & Demand
- 6 Roller Bearing Supply & Demand
- 7 Tapered Roller Bearing Supply & Demand
- 8 Other Roller Bearing Supply & Demand
- 9 Plain Bearing Supply & Demand
- 10 Mounted Bearing Supply & Demand
- 11 Bearing Parts Supply & Demand
SECTION IV -- MARKETS
- 1 Bearing Demand by Market
- 2 OEM Bearing Demand by Market
- 3 Motor Vehicle Production & Shipments
- 4 Motor Vehicle Bearing Demand
- 5 Machinery Shipments
- 6 Machinery Bearing Demand
- 7 Engine, Turbine & Power Transmission Equipment Shipments
- 8 Engine, Turbine & Power Transmission Equipment Bearing Demand
- 9 Aerospace Equipment Shipments
- 10 Aerospace Equipment Bearing Demand
- 11 Construction, Mining and Oilfield Machinery Shipments
- 12 Construction, Mining & Oilfield Machinery Bearing Demand
- 13 Material Handling Equipment Shipments
- 14 Material Handling Equipment Bearing Demand
- 15 Farm & Garden Equipment Shipments
- 16 Farm & Garden Equipment Bearing Demand
- 17 Other OEM Bearing Demand
- 18 MRO Bearing Demand by Market
- 19 Industrial Sector Outlook
- 20 Industrial Sector MRO Bearing Demand
- 21 Service Sector Outlook
- 22 Service Sector Bearing Demand
- 23 Government Spending & Investment
- 24 Government Bearing Demand
SECTION V -- INDUSTRY STRUCTURE
- 1 US Bearing Sales by Selected Manufacturers, 2008
- 2 Capital Spending Patterns: Selected Bearing Manufacturers
- 3 Selected Cooperative Agreements
- 4 Composite Financial Ratios: Selected Bearing Manufacturers
- 5 Selected Acquisitions & Divestitures
LIST OF CHARTS
SECTION II -- MARKET ENVIRONMENT
- 1 Bearing Market, 1999-2008
- 2 Bearing Pricing, 1998-2018
- 3 Bearing Imports by Source, 2008
- 4 Bearing Exports by Destination, 2008
SECTION III -- PRODUCTS
- 1 Bearing Demand by Product, 2008
- 2 Ball Bearings by Product Type, 2008
- 3 Roller Bearing Demand by Type, 2008
- 4 Plain Bearing Demand by Product Type, 2008
- 5 Mounted Bearing Demand by Type, 2008
- 6 Bearing Parts Demand by Type, 2008
SECTION IV -- MARKETS
- 1 Bearing Demand by Market, 1998-2018
- 2 OEM Bearing Demand by Market, 2008
- 3 Additional Demand by OEM Market, 2013 vs. 2008
- 4 MRO Bearing Demand by Market, 2008
SECTION V -- INDUSTRY STRUCTURE
- 1 US Market Share by Company, 2008
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