Bearings

Gains will be supported by an ongoing recovery in motor vehicle manufacturing, healthy levels of machinery production, and increased output of construction, oilfield, and mining equipment.

US demand to rise 4.4% annually through 2017

Bearing demand in the US is forecast to increase 4.4 percent per year to $12.9 billion in 2017, a notable improvement from the modest growth registered during the 2007 to 2012 period. Of this demand, $10.6 billion will be attributable to ball and roller bearings, and $2.3 billion will be attributable to plain bearings. Market gains will be supported by improved conditions throughout the US economy. Motor vehicle manufacturing, which is the largest bearing-using market, will continue to recover from the decline in output in 2008 and 2009, with production expected to increase 3.0 percent per year through 2017. Bearing sales will also be bolstered by healthy levels of machinery production. Increased output of construction, oilfield, and mining equipment, as well as growing shipments of engine, turbine, and power transmission equipment will be of particular importance to bearing suppliers. These industries are heavy users of more advanced, high-value bearing products, which will support value gains.

Roller bearings to remain fastest growing products

Roller bearing demand is expected to continue to outpace other product types through 2017, supported by a recovery in the US motor vehicle market, accelerating machinery shipments, and increased sales of large, high-value roller bearings used in heavy machinery and wind turbines. Ball bearing consumption will also post healthy gains, supported by increased manufacturing output, although value gains in this product category will continue to be held back by intense competition from low-cost foreign suppliers. Plain bearing demand growth will approximate that expected in the overall bearing market as conditions in the automotive and aerospace industries improve.

Domestic shipments to keep pace with demand

Bearing shipments from US plants are forecast to increase 4.3 percent annually to $12 billion in 2017, approximating demand growth. Industry output will be stimulated by growth in several key domestic bearing-using industries (e.g., motor vehicles, machinery) and by rising demand in a number of export markets. A number of firms, both foreign and domestic, have expanded their US bearing production capacity in recent years as they prepare to meet growing domestic demand levels. Furthermore, US bearing manufacturers’ ongoing efforts to improve the quality and performance of their products, and to increase the efficiency of their manufacturing processes, will also help spur output growth.

Study Scope

This study analyzes the $10.4 billion US bearing industry. It presents historical demand data for 2002, 2007 and 2012, and forecasts for 2017 and 2022 by product (e.g., ball bearings, roller bearings, plain bearings, mounted bearings) and market (e.g., motor vehicles; machinery; aerospace equipment; engines, turbines and power transmission equipment; construction, mining and oilfield machinery; material handling equipment; MRO).

The study also considers market environment factors, details industry structure, evaluates company market share and profiles 33 industry players, including Timken, SKF and Schaeffler.

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  1. Bearings

    $5,100.00

    1. 1 INTRODUCTION

      $175.00

    2. 2 EXECUTIVE SUMMARY

      $134.00

      1. Table | US BEARING SUPPLY & DEMAND (million dollars)

    3. 3 MARKET ENVIRONMENT

      $2,386.00

      1. 3.1 General

        $82.00

      2. 3.2 Economic Environment

        $379.00

        1. Table | MACROECONOMIC ENVIRONMENT (billion 2005 dollars)

        2. 3.2.1 Cyclical Trends

          $108.00

          1. Table | BEARING MARKET, 2002-2012

        3. 3.2.2 Long Term Trends

          $82.00

      3. 3.3 Market Dynamics

        $421.00

        1. 3.3.1 OEM

          $215.00

          1. Table | MANUFACTURERS' SHIPMENTS BY INDUSTRY (billion dollars)

        2. 3.3.2 MRO

          $178.00

          1. Table | NONRESIDENTIAL FIXED INVESTMENT & EQUIPMENT STOCK (billion dollars)

      4. 3.4 Pricing Patterns

        $107.00

        1. Table | BEARING PRICE DEFLATORS (2005=100)

      5. 3.5 Bearing Materials

        $240.00

        1. 3.5.1 Steel

          $82.00

        2. 3.5.2 Other

          $148.00

      6. 3.6 Technology

        $611.00

        1. 3.6.1 Basic Bearing Technology

          $182.00

        2. 3.6.2 Recent Technological Developments

          $214.00

        3. 3.6.3 Competitive Technologies

          $162.00

      7. 3.7 Legal & Regulatory Environment

        $184.00

      8. 3.8 International Environment

        $394.00

        1. 3.8.1 World Supply & Demand

          $117.00

          1. Table | WORLD BEARING DEMAND BY REGION (billion dollars)

        2. 3.8.2 US Foreign Trade

          $204.00

          1. Table | US FOREIGN TRADE IN BEARINGS (million dollars)

          2. Table | US BEARINGS IMPORTS BY SOURCE, 2002-2012 (million dollars)

          3. Table | US BEARINGS EXPORTS BY DESTINATION, 2002-2012 (million dollars)

    4. 4 PRODUCTS

      $2,165.00

      1. 4.1 General

        $178.00

        1. Table | BEARING SUPPLY & DEMAND (million dollars)

      2. 4.2 Ball Bearings

        $497.00

        1. Table | BALL BEARING SUPPLY & DEMAND (million dollars)

        2. 4.2.1 Precision Radial

          $161.00

          1. Table | PRECISION RADIAL BALL BEARING SUPPLY & DEMAND (million dollars)

        3. 4.2.2 Nonprecision Radial

          $82.00

          1. Table | NONPRECISION RADIAL BALL BEARING SUPPLY & DEMAND (million dollars)

        4. 4.2.3 Thrust & Other

          $98.00

          1. Table | THRUST & OTHER BALL BEARING SUPPLY & DEMAND (million dollars)

      3. 4.3 Roller Bearings

        $711.00

        1. Table | ROLLER BEARING SUPPLY & DEMAND (million dollars)

        2. 4.3.1 Tapered

          $161.00

          1. Table | TAPERED ROLLER BEARING SUPPLY & DEMAND (million dollars)

        3. 4.3.2 Other

          $352.00

          1. Table | OTHER ROLLER BEARING SUPPLY & DEMAND (million dollars)

      4. 4.4 Plain Bearings

        $285.00

        1. Table | PLAIN BEARING SUPPLY & DEMAND (million dollars)

        2. 4.4.1 Journal

          $82.00

        3. 4.4.2 Spherical

          $82.00

        4. 4.4.3 Thrust & Other

          $82.00

      5. 4.5 Mounted Bearings

        $244.00

        1. Table | MOUNTED BEARING SUPPLY & DEMAND (million dollars)

        2. 4.5.1 Ball

          $82.00

        3. 4.5.2 Roller

          $82.00

        4. 4.5.3 Plain

          $82.00

      6. 4.6 Bearing Parts

        $249.00

        1. Table | BEARING PARTS SUPPLY & DEMAND (million dollars)

        2. 4.6.1 Balls

          $82.00

        3. 4.6.2 Rollers

          $82.00

        4. 4.6.3 Other Ball & Roller Bearing Parts

          $82.00

        5. 4.6.4 Plain Bearing Parts

          $82.00

    5. 5 MARKETS

      $2,524.00

      1. 5.1 General

        $86.00

        1. Table | BEARING DEMAND BY MARKET & TYPE (million dollars)

      2. 5.2 Original Equipment Manufacturing

        $1,776.00

        1. Table | OEM BEARING DEMAND BY MARKET & TYPE (million dollars)

        2. 5.2.1 Motor Vehicles

          $434.00

          1. Table | MOTOR VEHICLE PRODUCTION & SHIPMENTS (billion dollars)

          2. Table | MOTOR VEHICLE BEARING DEMAND (million dollars)

        3. 5.2.2 Machinery

          $215.00

          1. Table | MACHINERY SHIPMENTS (billion dollars)

          2. Table | MACHINERY BEARING DEMAND (million dollars)

        4. 5.2.3 Aerospace Equipment

          $207.00

          1. Table | AEROSPACE EQUIPMENT SHIPMENTS (billion dollars)

          2. Table | AEROSPACE EQUIPMENT BEARING DEMAND (million dollars)

        5. 5.2.4 Engines, Turbines, &Power Transmission Equipment

          $249.00

          1. Table | ENGINE, TURBINE, &POWER TRANSMISSION EQUIPMENT SHIPMENTS (billion dollars)

          2. Table | ENGINE, TURBINE, &POWER TRANSMISSION EQUIPMENT BEARING DEMAND (million dollars)

        6. 5.2.5 Construction, Mining, &Oilfield Machinery

          $175.00

          1. Table | CONSTRUCTION, MINING, &OILFIELD EQUIPMENT SHIPMENTS (billion dollars)

          2. Table | CONSTRUCTION, MINING, &OILFIELD EQUIPMENT BEARING DEMAND (million dollars)

        7. 5.2.6 Material Handling Equipment

          $156.00

          1. Table | MATERIAL HANDLING EQUIPMENT SHIPMENTS (billion dollars)

          2. Table | MATERIAL HANDLING EQUIPMENT BEARING DEMAND (million dollars)

        8. 5.2.7 Farm & Garden Machinery

          $165.00

          1. Table | FARM & GARDEN EQUIPMENT SHIPMENTS (billion dollars)

          2. Table | FARM & GARDEN EQUIPMENT BEARING DEMAND (million dollars)

        9. 5.2.8 Other OEM Applications

          $106.00

          1. Table | OTHER OEM BEARING DEMAND (million dollars)

      3. 5.3 Maintenance/Repair/Operations

        $662.00

        1. Table | MRO BEARING DEMAND BY MARKET & TYPE (million dollars)

        2. 5.3.1 Industrial MRO

          $240.00

          1. Table | INDUSTRIAL SECTOR OUTLOOK (billion dollars)

          2. Table | INDUSTRIAL SECTOR BEARING DEMAND (million dollars)

        3. 5.3.2 Services MRO

          $184.00

          1. Table | SERVICE SECTOR OUTLOOK (billion dollars)

          2. Table | SERVICE SECTOR BEARING DEMAND (million dollars)

        4. 5.3.3 Government MRO

          $146.00

          1. Table | GOVERNMENT SPENDING & INVESTMENT (billion dollars)

          2. Table | GOVERNMENT BEARING DEMAND (million dollars)

    6. 6 INDUSTRY STRUCTURE

      $5,132.00

      1. 6.1 General

        $82.00

      2. 6.2 Industry Composition

        $93.00

        1. Table | US BEARING SALES BY SELECTED MANUFACTURERS, 2012 (million dollars)

      3. 6.3 Market Share

        $238.00

      4. 6.4 Product Development & Manufacturing

        $113.00

      5. 6.5 Marketing & Distribution

        $146.00

      6. 6.6 Cooperative Agreements

        $114.00

        1. Table | SELECTED COOPERATIVE AGREEMENTS

      7. 6.7 Financial Issues

        $91.00

        1. Table | COMPOSITE FINANCIAL RATIOS: SELECTED BEARING MANUFACTURERS

      8. 6.8 Mergers, Acquisitions, &Industry Restructuring

        $119.00

        1. Table | SELECTED ACQUISITIONS & DIVESTITURES

      9. 6.9 Company Profiles

        $5,132.00

        1. 6.9.1 ABB Limited

          $174.00

        2. 6.9.2 Altra Industrial Motion Incorporated

          $207.00

        3. 6.9.3 American Roller Bearing Company

          $82.00

        4. 6.9.4 AMSTED Industries Incorporated

          $117.00

        5. 6.9.5 Bosch (Robert) GmbH

          $125.00

        6. 6.9.6 C&U Group Company Limited

          $120.00

        7. 6.9.7 Danaher Corporation

          $150.00

        8. 6.9.8 Emerson Electric Company

          $209.00

        9. 6.9.9 EnPro Industries Incorporated

          $246.00

        10. 6.9.10 Federal-Mogul Corporation

          $169.00

        11. 6.9.11 Frantz Manufacturing Company

          $82.00

        12. 6.9.12 GKN plc

          $107.00

        13. 6.9.13 HHI Group Holdings LLC

          $82.00

        14. 6.9.14 Iljin Group

          $118.00

        15. 6.9.15 JTEKT Corporation

          $181.00

        16. 6.9.16 Kaydon Corporation

          $260.00

        17. 6.9.17 MAHLE International GmbH

          $132.00

        18. 6.9.18 Minebea Company Limited

          $195.00

        19. 6.9.19 Nachi-Fujikoshi Limited

          $135.00

        20. 6.9.20 NN Incorporated

          $140.00

        21. 6.9.21 NSK Limited

          $258.00

        22. 6.9.22 NTN Corporation

          $389.00

        23. 6.9.23 RBC Bearings Incorporated

          $305.00

        24. 6.9.24 Regal Beloit Corporation

          $96.00

        25. 6.9.25 Rexnord Corporation

          $198.00

        26. 6.9.26 Saint-Gobain

          $141.00

        27. 6.9.27 Schaeffler Group

          $238.00

        28. 6.9.28 SKF AB

          $464.00

        29. 6.9.29 THK Company Limited

          $111.00

        30. 6.9.30 ThyssenKrupp AG

          $86.00

        31. 6.9.31 Timken Company

          $495.00

        32. 6.9.32 Tsubaki Nakashima Company Limited

          $82.00

        33. 6.9.33 Wafangdian Bearing Group Corporation

          $82.00

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