TABLE OF CONTENTS
SECTION PAGE
INTRODUCTION ix
I. EXECUTIVE SUMMARY 1
II. MARKET ENVIRONMENT 4
General 4
Economic Environment 5
Cyclical Trends 9
Long Term Trends 12
Market Dynamics 13
OEM 14
MRO 16
Pricing Patterns 20
Bearing Materials 23
Steel 23
Other 24
Technology 25
Basic Bearing Technology 26
Recent Technological Developments 30
Competitive Technologies 31
Legal & Regulatory Environment 34
International Environment 36
World Supply & Demand 37
US Foreign Trade 40
Imports 42
Exports 44
III. PRODUCTS 47
General 47
Ball Bearings 51
Products 54
Precision Radial 54
Nonprecision Radial 57
Thrust & Other 59
Roller Bearings 62
Products 65
Tapered 65
Other 68
Cylindrical 70
Needle 71
Spherical 73
All Other 74
Plain Bearings 74
Automotive 78
Aerospace 79
Other 80
Mounted Bearings 80
Products 83
Ball 83
Roller 84
Plain 85
Bearing Parts 86
Products 88
Balls 88
Rollers 89
Other Ball & Roller Bearing Parts 90
Plain Bearing Parts 90
IV. MARKETS 92
General 92
Original Equipment Manufacturing 94
Motor Vehicles 96
Industry Outlook 97
Bearing Market 99
Industrial Machinery 102
Industry Outlook 103
Bearing Market 105
Aerospace Equipment 107
Industry Outlook 108
Bearing Market 110
Construction, Mining & Oilfield Machinery 112
Industry Outlook 112
Bearing Market 114
Engines, Turbines & Power Transmission Equipment 116
Industry Outlook 117
Bearing Market 118
Material Handling Equipment 120
Industry Outlook 120
Bearing Market 121
Farm & Garden Machinery 123
Industry Outlook 124
Bearing Market 126
Other OEM Applications 128
Maintenance/Repair/Operations 130
Industrial MRO 133
Sector Outlook 133
Bearing Market 135
Services MRO 138
Sector Outlook 139
Bearing Market 140
Government MRO 142
Sector Outlook 143
Bearing Market 144
V. INDUSTRY STRUCTURE 146
General 146
Industry Composition 147
Market Share 150
Timken 150
SKF 151
Schaeffler 151
NTN 151
NSK 152
Other Leading Suppliers 152
Product Development & Manufacturing 153
Marketing & Distribution 156
Cooperative Agreements 158
Financial Issues 159
Mergers, Acquisitions & Industry Restructuring 162
Company Profiles 165
Advanced Green Components, see Timken
All Power Manufacturing, see RBC Bearings
Altra Industrial Motion Incorporated 166
American Roller Bearing Company 169
AMSTED Industries Incorporated 170
ASF-Keystone, see AMSTED Industries
Baldor Electric Company 172
Barden, see Schaeffler
Bearing Inspection, see Timken
Bosch (Robert) GmbH 175
Boston Gear, see Altra Industrial Motion
Brenco, see AMSTED Industries
Cooper Split Roller Bearing, see Kaydon
Danaher Corporation 177
Delphi Corporation 179
Delta Rubber, see NN
Dodge, see Baldor Electric
Emerson Electric Company 180
EnPro Industries Incorporated 183
Federal-Mogul Corporation 186
Formsprag Clutch, see Altra Industrial Motion
Frantz Manufacturing Company 189
General Bearing Corporation 190
GKN plc 192
Glacier Vandervell North America, see MAHLE
International
Hoover Precision Products, see Tsubaki Nakashima
Hub City, see Regal-Beloit
Iljin Group 194
Industrial Molding, see NN
JTEKT Corporation 195
Kaydon Corporation 197
Kilian Manufacturing, see Altra Industrial Motion
MAHLE International GmbH 200
Minebea Company Limited 202
MPB, see Timken
MRC Bearings, see SKF
Nachi-Fujikoshi Limited 205
New Hampshire Ball Bearings, see Minebea
NN Incorporated 207
NSK Limited 210
NTN Corporation 215
Pacamor Kubar Bearings 221
Peer Bearing Company 222
Phoenix Bearings, see RBC Bearings
Rail Bearing Service, see Timken
RBC Bearings Incorporated 225
Regal-Beloit Corporation 229
Rexnord LLC 231
Roller Bearing Industries, see SKF
Saint-Gobain 234
Schaeffler KG 237
Shafer, see Rexnord
SKF AB 240
SNR Roulements, see NTN
Southwest Products, see RBC Bearings
THK Company Limited 245
Timken Company 247
Tsubaki Nakashima Company Limited 252
Tuflite Composite Bearings, see Rexnord
WM Berg, see Rexnord
ZeroDrag Racing, see Peer Bearing
Other Companies Mentioned in Study 253
LIST OF TABLES
TABLE NUMBER PAGE
SECTION I - EXECUTIVE SUMMARY
Summary Table 3
SECTION II - MARKET ENVIRONMENT
1 Economic Environment 9
2 Bearing Market, 1996-2006 11
3 Manufacturers Shipments by Industry 16
4 Fixed Investment & Equipment Stock 20
5 Bearing Pricing Deflators 22
6 World Bearing Demand by Region 40
7 US Foreign Trade in Bearings 41
8 US Bearing Imports by Source 43
9 US Bearing Exports by Destination 45
SECTION III - PRODUCTS
1 Bearing Supply & Demand 50
2 Ball Bearing Supply & Demand 53
3 Precision Radial Ball Bearing Supply & Demand 57
4 Nonprecision Radial Ball Bearing Supply & Demand 59
5 Thrust & Other Ball Bearing Supply & Demand 61
6 Roller Bearing Supply & Demand 64
7 Tapered Roller Bearing Supply & Demand 68
8 Other Roller Bearing Supply & Demand 70
9 Plain Bearing Supply & Demand 77
10 Mounted Bearing Supply & Demand 82
11 Bearing Parts Supply & Demand 87
SECTION IV - MARKETS
1 Bearing Demand by Market 93
2 OEM Bearing Demand by Market 95
3 Motor Vehicle Production & Shipments 99
4 Motor Vehicle Bearing Demand 102
5 Industrial Machinery Shipments 105
6 Industrial Machinery Bearing Demand 107
7 Aerospace Equipment Shipments 109
8 Aerospace Equipment Bearing Demand 111
9 Construction, Mining & Oilfield Machinery Shipments 114
10 Construction, Mining & Oilfield Machinery Bearing Demand 116
11 Engine, Turbine & Power Transmission Equipment Shipments 118
12 Engine, Turbine & Power Transmission Equipment
Bearing Demand 119
13 Material Handling Equipment Shipments 121
14 Material Handling Equipment Bearing Demand 123
15 Farm & Garden Equipment Shipments 126
16 Farm & Garden Equipment Bearing Demand 127
17 Other OEM Bearing Demand 130
18 MRO Bearing Demand by Market 132
19 Industrial Sector Outlook 135
20 Industrial Sector MRO Bearing Demand 138
21 Service Sector Outlook 140
22 Service Sector Bearing Demand 142
23 Government Spending & Investment 144
24 Government Bearing Demand 145
SECTION V - INDUSTRY STRUCTURE
1 US Bearing Sales by Selected Manufacturers, 2006 149
2 Capital Spending Patterns: Selected Bearing Manufacturers 155
3 Selected Cooperative Agreements 159
4 Composite Financial Ratios: Selected Bearing Manufacturers 161
5 Selected Acquisitions & Divestitures 164
LIST OF CHARTS
CHART NUMBER PAGE
SECTION II - MARKET ENVIRONMENT
1 Bearing Market, 1997-2006 11
2 Bearing Pricing, 1996-2016 22
3 Bearing Imports by Source, 2006 44
4 Bearing Exports by Destination, 2006 46
SECTION III - PRODUCTS
1 Bearing Demand by Type, 2006 51
2 Ball Bearing Demand by Type, 2006 54
3 Roller Bearing Demand by Type, 2006 64
4 Plain Bearing Demand by Application, 2006 78
5 Mounted Bearing Demand by Type, 2006 83
6 Bearing Parts Demand by Type, 2006 88
SECTION IV - MARKETS
1 Bearing Demand by Market 94
2 OEM Bearing Demand by Market, 2006 96
3 MRO Bearing Demand by Market, 2006 132
SECTION V - INDUSTRY STRUCTURE
1 US Bearing Market Share by Company, 2006 150
