World Bearings

World product sales will be driven in part by a shift toward more expensive, better performing bearings, supported by increasingly complex designs in bearing-using products.

World demand to rise 7.3% annually through 2018

Global demand for ball, roller, and plain bearings is projected to rise 7.3 percent annually to $104.5 billion in 2018. Product sales will be fueled by healthy gross fixed investment and durable goods output growth as world economic conditions improve. Also contributing to value gains will be a shift in the product mix toward more expensive, better performing units, supported by increasingly complex designs in bearing-using products and by high energy prices, which make highly efficient bearings a more attractive investment.

China to account for nearly half of all new demand

China will post the strongest gains of any national market in dollar terms. In fact, almost half of all additional product demand through 2018 will be accounted for by China. Market advances in the country will be supported by GDP growth well above the global average, ongoing increases in fixed investment spending, strong gains in manufacturing output, and healthy levels of motor vehicle output and sales. However, India, a considerably smaller but still large bearing market, is expected to register larger annual increases in percentage terms. A number of smaller markets -- including Iran, Indonesia, Turkey, Thailand, and Malaysia -- will also record healthy sales advances.

US bearing demand will represent one of the strongest market performances of any developed nation, driven by an acceleration in economic growth and durables goods output. Product sales in Western Europe and Japan will rebound from recent declines, but market gains in these areas will be well below the world average. Advances will be limited by generally sluggish increases in durable goods output and, in the case of Japan, further decreases in motor vehicle production. Market increases in Eastern Europe will improve but not as fast as those in other developing areas. This will be due in part to subpar economic growth in neighboring Western Europe, which represents a major export market for many East European manufacturers.

Unmounted ball & roller bearings to remain dominant

Unmounted ball and roller bearings will continue to account for the vast majority of product demand, with sales of these goods totaling well over two-thirds of the market in 2018. Ball and roller bearing suppliers will benefit from increased output of machinery, motor vehicles, aerospace equipment, and motorcycles. Gains will also be supported by performance advantages that include lower starting resistance than plain bearings, ability to handle pure rotary loads, and favorable tradeoffs between carrying capacity, cost, durability, friction reduction, rotation rate, size, and weight.

Study coverage

This Freedonia industry study, World Bearings, presents historical demand data for 2003, 2008 and 2013, and forecasts for 2018 and 2023 by product (e.g., ball bearings, roller bearings, plain bearings, mounted and combined ball/roller bearings), market (e.g., machinery, motor vehicles, aerospace equipment, motorcycles), world region, and for 31 countries.

The study also considers market environment factors, details industry structure, evaluates company market share and profiles 35 industry players, including SKF, Schaeffler and NSK.

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  1. World Bearings

    $6,400.00

    1. 1 INTRODUCTION

      $225.00

    2. 2 EXECUTIVE SUMMARY

      $130.00

      1. Table | WORLD BEARING DEMAND

    3. 3 MARKET ENVIRONMENT

      $1,323.00

      1. 3.1 General

        $82.00

      2. 3.2 World Economic Overview

        $218.00

        1. 3.2.1 Recent Historical Trends

          $82.00

        2. 3.2.2 World Economic Outlook

          $141.00

          1. Table | WORLD GROSS DOMESTIC PRODUCT BY REGION

      3. 3.3 World Gross Fixed Investment Outlook

        $82.00

        1. Table | WORLD GROSS FIXED INVESTMENT BY REGION

      4. 3.4 World Manufacturing Outlook

        $127.00

        1. Table | WORLD MANUFACTURING VALUE ADDED BY REGION

        2. CHART II-1 WORLD MANUFACTURING VALUE ADDED BY REGION, 2013

      5. 3.5 World Motor Vehicle Production Trends

        $178.00

        1. Table | WORLD MOTOR VEHICLE PRODUCTION BY REGION

      6. 3.6 World Aerospace Equipment Production Trends

        $130.00

        1. Table | WORLD AEROSPACE EQUIPMENT SHIPMENTS BY REGION

      7. 3.7 Pricing Patterns

        $100.00

        1. Table | WORLD BEARING PRICE DEFLATORS

        2. CHART II-2 WORLD BEARING PRICING, 2003-2023

      8. 3.8 Bearing Materials & Technology

        $249.00

        1. 3.8.1 Bearing Materials

          $107.00

        2. 3.8.2 Recent Technological Developments

          $95.00

      9. 3.9 Legal & Regulatory Environment

        $199.00

        1. 3.9.1 Standards & Regulations

          $82.00

        2. 3.9.2 Pricing, Trade, & Counterfeiting Issues

          $99.00

    4. 4 WORLD SUPPLY & DEMAND

      $1,403.00

      1. 4.1 General

        $82.00

      2. 4.2 Regional Overview

        $335.00

        1. 4.2.1 Demand

          $144.00

          1. Table | WORLD BEARING DEMAND BY REGION

          2. CHART III-1 WORLD BEARING DEMAND BY REGION, 2013

          3. CHART III-2 WORLD BEARING DEMAND PROJECTED 2013-2018 ANNUAL RATE OF GROWTH

        2. 4.2.2 Production

          $103.00

          1. Table | WORLD BEARING SHIPMENTS BY REGION

          2. CHART III-3 WORLD BEARING SHIPMENTS BY REGION, 2013

        3. 4.2.3 International Trade

          $82.00

          1. Table | WORLD BEARING NET EXPORTS BY REGION

      3. 4.3 Demand by Product

        $560.00

        1. Table | WORLD BEARING DEMAND BY PRODUCT

        2. CHART III-4 WORLD BEARING DEMAND BY PRODUCT, 2013

        3. 4.3.1 Ball Bearings

          $97.00

          1. Table | WORLD BALL BEARING DEMAND BY REGION

        4. 4.3.2 Roller Bearings

          $112.00

          1. Table | WORLD ROLLER BEARING DEMAND BY TYPE & REGION

        5. 4.3.3 Plain Bearings

          $95.00

          1. Table | WORLD PLAIN BEARING DEMAND BY TYPE & REGION

        6. 4.3.4 Other Bearings & Bearing Parts

          $153.00

          1. Table | WORLD DEMAND FOR OTHER BEARINGS & BEARING PARTS BY PRODUCT & REGION

      4. 4.4 Demand by Market

        $449.00

        1. Table | WORLD BEARING DEMAND BY MARKET

        2. CHART III-5 WORLD BEARING DEMAND BY MARKET, 2013

        3. 4.4.1 Machinery

          $87.00

          1. Table | WORLD MACHINERY BEARING DEMAND BY REGION

        4. 4.4.2 Motor Vehicles

          $103.00

          1. Table | WORLD MOTOR VEHICLE BEARING DEMAND BY APPLICATION & REGION

        5. 4.4.3 Other Markets

          $186.00

          1. Table | WORLD OTHER BEARING DEMAND BY MARKET & REGION

    5. 5 NORTH AMERICA

      $905.00

      1. 5.1 North America: General

        $82.00

      2. 5.2 North America: Bearing Supply & Demand

        $123.00

        1. Table | NORTH AMERICA: BEARING SUPPLY & DEMAND

        2. CHART IV-1 NORTH AMERICA: BEARING DEMAND BY COUNTRY, 2013

      3. 5.3 North America: Bearing Market Outlook

        $82.00

        1. Table | NORTH AMERICA: BEARING DEMAND BY PRODUCT & MARKET

      4. 5.4 United States

        $260.00

        1. 5.4.1 United States: General

          $82.00

        2. 5.4.2 United States: Bearing Supply & Demand

          $145.00

          1. Table | UNITED STATES: BEARING SUPPLY & DEMAND

        3. 5.4.3 United States: Bearing Market Outlook

          $82.00

          1. Table | UNITED STATES: BEARING DEMAND BY PRODUCT & MARKET

      5. 5.5 Canada

        $198.00

        1. 5.5.1 Canada: General

          $82.00

        2. 5.5.2 Canada: Bearing Supply & Demand

          $97.00

          1. Table | CANADA: BEARING SUPPLY & DEMAND

        3. 5.5.3 Canada: Bearing Market Outlook

          $82.00

          1. Table | CANADA: BEARING DEMAND BY PRODUCT & MARKET

      6. 5.6 Mexico

        $203.00

        1. 5.6.1 Mexico: General

          $82.00

        2. 5.6.2 Mexico: Bearing Supply & Demand

          $93.00

          1. Table | MEXICO: BEARING SUPPLY & DEMAND

        3. 5.6.3 Mexico: Bearing Market Outlook

          $82.00

          1. Table | MEXICO: BEARING DEMAND BY PRODUCT & MARKET

    6. 6 WESTERN EUROPE

      $1,726.00

      1. 6.1 Western Europe: General

        $82.00

      2. 6.2 Western Europe: Bearing Supply & Demand

        $112.00

        1. Table | WESTERN EUROPE: BEARING SUPPLY & DEMAND

        2. CHART V-1 WESTERN EUROPE: BEARING DEMAND BY COUNTRY, 2013

      3. 6.3 Western Europe: Bearing Market Outlook

        $82.00

        1. Table | WESTERN EUROPE: BEARING DEMAND BY PRODUCT & MARKET

      4. 6.4 Germany

        $211.00

        1. 6.4.1 Germany: General

          $82.00

        2. 6.4.2 Germany: Bearing Supply & Demand

          $106.00

          1. Table | GERMANY: BEARING SUPPLY & DEMAND

        3. 6.4.3 Germany: Bearing Market Outlook

          $82.00

          1. Table | GERMANY: BEARING DEMAND BY PRODUCT & MARKET

      5. 6.5 France

        $180.00

        1. 6.5.1 France: General

          $82.00

        2. 6.5.2 France: Bearing Supply & Demand

          $83.00

          1. Table | FRANCE: BEARING SUPPLY & DEMAND

        3. 6.5.3 France: Bearing Market Outlook

          $82.00

          1. Table | FRANCE: BEARING DEMAND BY PRODUCT & MARKET

      6. 6.6 Italy

        $207.00

        1. 6.6.1 Italy: General

          $82.00

        2. 6.6.2 Italy: Bearing Supply & Demand

          $90.00

          1. Table | ITALY: BEARING SUPPLY & DEMAND

        3. 6.6.3 Italy: Bearing Market Outlook

          $82.00

          1. Table | ITALY: BEARING DEMAND BY PRODUCT & MARKET

      7. 6.7 United Kingdom

        $179.00

        1. 6.7.1 United Kingdom: General

          $82.00

        2. 6.7.2 United Kingdom: Bearing Supply & Demand

          $82.00

          1. Table | UNITED KINGDOM: BEARING SUPPLY & DEMAND

        3. 6.7.3 United Kingdom: Bearing Market Outlook

          $82.00

          1. Table | UNITED KINGDOM: BEARING DEMAND BY PRODUCT & MARKET

      8. 6.8 Spain

        $189.00

        1. 6.8.1 Spain: General

          $82.00

        2. 6.8.2 Spain: Bearing Supply & Demand

          $82.00

          1. Table | SPAIN: BEARING SUPPLY & DEMAND

        3. 6.8.3 Spain: Bearing Market Outlook

          $82.00

          1. Table | SPAIN: BEARING DEMAND BY PRODUCT & MARKET

      9. 6.9 Other Western Europe

        $505.00

        1. 6.9.1 Other Western Europe: General

          $82.00

        2. 6.9.2 Other Western Europe: Bearing Supply & Demand

          $89.00

          1. Table | OTHER WESTERN EUROPE: BEARING SUPPLY & DEMAND

        3. 6.9.3 Other Western Europe: Bearing Market Outlook

          $82.00

          1. Table | OTHER WESTERN EUROPE: BEARING DEMAND BY PRODUCT & MARKET

        4. 6.9.4 Other Western Europe: Bearing Supply & Demand by Country

          $306.00

          1. Table | OTHER WESTERN EUROPE: BEARING SUPPLY & DEMAND BY COUNTRY

    7. 7 ASIA/PACIFIC

      $1,936.00

      1. 7.1 Asia/Pacific: General

        $82.00

      2. 7.2 Asia/Pacific: Bearing Supply & Demand

        $130.00

        1. Table | ASIA/PACIFIC: BEARING SUPPLY & DEMAND

        2. CHART VI-1 ASIA/PACIFIC: BEARING DEMAND BY COUNTRY, 2013

      3. 7.3 Asia/Pacific: Bearing Market Outlook

        $82.00

        1. Table | ASIA/PACIFIC: BEARING DEMAND BY PRODUCT & MARKET

      4. 7.4 China

        $254.00

        1. 7.4.1 China: General

          $82.00

        2. 7.4.2 China: Bearing Supply & Demand

          $118.00

          1. Table | CHINA: BEARING SUPPLY & DEMAND

        3. 7.4.3 China: Bearing Market Outlook

          $82.00

          1. Table | CHINA: BEARING DEMAND BY PRODUCT & MARKET

      5. 7.5 Japan

        $228.00

        1. 7.5.1 Japan: General

          $82.00

        2. 7.5.2 Japan: Bearing Supply & Demand

          $111.00

          1. Table | JAPAN: BEARING SUPPLY & DEMAND

        3. 7.5.3 Japan: Bearing Market Outlook

          $82.00

          1. Table | JAPAN: BEARING DEMAND BY PRODUCT & MARKET

      6. 7.6 South Korea

        $184.00

        1. 7.6.1 South Korea: General

          $82.00

        2. 7.6.2 South Korea: Bearing Supply & Demand

          $82.00

          1. Table | SOUTH KOREA: BEARING SUPPLY & DEMAND

        3. 7.6.3 South Korea: Bearing Market Outlook

          $82.00

          1. Table | SOUTH KOREA: BEARING DEMAND BY PRODUCT & MARKET

      7. 7.7 India

        $214.00

        1. 7.7.1 India: General

          $82.00

        2. 7.7.2 India: Bearing Supply & Demand

          $97.00

          1. Table | INDIA: BEARING SUPPLY & DEMAND

        3. 7.7.3 India: Bearing Market Outlook

          $82.00

          1. Table | INDIA: BEARING DEMAND BY PRODUCT & MARKET

      8. 7.8 Taiwan

        $202.00

        1. 7.8.1 Taiwan: General

          $82.00

        2. 7.8.2 Taiwan: Bearing Supply & Demand

          $91.00

          1. Table | TAIWAN: BEARING SUPPLY & DEMAND

        3. 7.8.3 Taiwan: Bearing Market Outlook

          $82.00

          1. Table | TAIWAN: BEARING DEMAND BY PRODUCT & MARKET

      9. 7.9 Thailand

        $169.00

        1. 7.9.1 Thailand: General

          $82.00

        2. 7.9.2 Thailand: Bearing Supply & Demand

          $82.00

          1. Table | THAILAND: BEARING SUPPLY & DEMAND

        3. 7.9.3 Thailand: Bearing Market Outlook

          $82.00

          1. Table | THAILAND: BEARING DEMAND BY PRODUCT & MARKET

      10. 7.10 Other Asia/Pacific

        $416.00

        1. 7.10.1 Other Asia/Pacific: General

          $82.00

        2. 7.10.2 Other Asia/Pacific: Bearing Supply & Demand

          $102.00

          1. Table | OTHER ASIA/PACIFIC: BEARING SUPPLY & DEMAND

        3. 7.10.3 Other Asia/Pacific: Bearing Market Outlook

          $82.00

          1. Table | OTHER ASIA/PACIFIC: BEARING DEMAND BY PRODUCT & MARKET

        4. 7.10.4 Other Asia/Pacific: Bearing Supply & Demand by Country

          $205.00

          1. Table | OTHER ASIA/PACIFIC: BEARING SUPPLY & DEMAND BY COUNTRY

    8. 8 OTHER REGIONS

      $2,501.00

      1. 8.1 Central & South America

        $798.00

        1. 8.1.1 Central & South America: General

          $82.00

        2. 8.1.2 Central & South America: Bearing Supply & Demand

          $118.00

          1. Table | CENTRAL & SOUTH AMERICA: BEARING SUPPLY & DEMAND

          2. CHART VII-1 CENTRAL & SOUTH AMERICA: BEARING DEMAND BY COUNTRY, 2013

        3. 8.1.3 Central & South America: Bearing Market Outlook

          $82.00

          1. Table | CENTRAL & SOUTH AMERICA: BEARING SUPPLY & DEMAND BY PRODUCT & MARKET

        4. 8.1.4 Brazil

          $231.00

          1. Table | BRAZIL: BEARING SUPPLY & DEMAND

          2. Table | BRAZIL: BEARING DEMAND BY PRODUCT & MARKET

        5. 8.1.5 Other Central & South America

          $323.00

          1. Table | OTHER CENTRAL & SOUTH AMERICA: BEARING SUPPLY & DEMAND

          2. Table | OTHER CENTRAL & SOUTH AMERICA: BEARING DEMAND BY PRODUCT & MARKET

          3. Table | OTHER CENTRAL & SOUTH AMERICA: BEARING SUPPLY & DEMAND BY COUNTRY

      2. 8.2 Eastern Europe

        $872.00

        1. 8.2.1 Eastern Europe: General

          $82.00

        2. 8.2.2 Eastern Europe: Bearing Supply & Demand

          $115.00

          1. Table | EASTERN EUROPE: BEARING SUPPLY & DEMAND

          2. CHART VII-2 EASTERN EUROPE: BEARING DEMAND BY COUNTRY, 2013

        3. 8.2.3 Eastern Europe: Bearing Market Outlook

          $82.00

          1. Table | EASTERN EUROPE: BEARING DEMAND BY PRODUCT & MARKET

        4. 8.2.4 Russia

          $210.00

          1. Table | RUSSIA: BEARING SUPPLY & DEMAND

          2. Table | RUSSIA: BEARING DEMAND BY PRODUCT & MARKET

        5. 8.2.5 Other Eastern Europe

          $430.00

          1. Table | OTHER EASTERN EUROPE: BEARING SUPPLY & DEMAND

          2. Table | OTHER EASTERN EUROPE: BEARING DEMAND BY PRODUCT & MARKET

          3. Table | OTHER EASTERN EUROPE: BEARING SUPPLY & DEMAND BY COUNTRY

      3. 8.3 Africa/Mideast

        $831.00

        1. 8.3.1 Africa/Mideast: General

          $82.00

        2. 8.3.2 Africa/Mideast: Bearing Supply & Demand

          $110.00

          1. Table | AFRICA/MIDEAST: BEARING SUPPLY & DEMAND

          2. CHART VII-3 AFRICA/MIDEAST: BEARING DEMAND BY COUNTRY, 2013

        3. 8.3.3 Africa/Mideast: Bearing Market Outlook

          $82.00

          1. Table | AFRICA/MIDEAST: BEARING DEMAND BY PRODUCT & MARKET

        4. 8.3.4 Turkey

          $169.00

          1. Table | TURKEY: BEARING SUPPLY & DEMAND

          2. Table | TURKEY: BEARING DEMAND BY PRODUCT & MARKET

        5. 8.3.5 Other Africa Mideast

          $426.00

          1. Table | OTHER AFRICA/MIDEAST: BEARING SUPPLY & DEMAND

          2. Table | OTHER AFRICA/MIDEAST: BEARING DEMAND BY PRODUCT & MARKET

          3. Table | OTHER AFRICA/MIDEAST: BEARING SUPPLY & DEMAND BY COUNTRY

    9. 9 INDUSTRY STRUCTURE

      $6,440.00

      1. 9.1 General

        $82.00

      2. 9.2 Industry Composition

        $84.00

        1. Table | BEARING SALES FOR SELECTED MANUFACTURERS, 2013

      3. 9.3 Market Share

        $186.00

        1. CHART VIII-1 WORLD BEARING MARKET SHARE, 2013

      4. 9.4 Product Development & Manufacturing

        $97.00

      5. 9.5 Marketing & Distribution

        $96.00

      6. 9.6 Cooperative Agreements

        $177.00

        1. Table | SELECTED COOPERATIVE AGREEMENTS

      7. 9.7 Financial Requirements

        $82.00

      8. 9.8 Acquisitions & Divestitures

        $125.00

        1. Table | SELECTED ACQUISITIONS & DIVESTITURES

      9. 9.9 Company Profiles

        $6,280.00

        1. 9.9.1 Bosch (Robert) GmbH

          $117.00

        2. 9.9.2 C&U Group Company Limited

          $119.00

        3. 9.9.3 Daido Metal Company Limited

          $155.00

        4. 9.9.4 Danaher Corporation

          $109.00

        5. 9.9.5 Emerson Electric Company

          $170.00

        6. 9.9.6 EnPro Industries Incorporated

          $199.00

        7. 9.9.7 European Bearing Corporation

          $82.00

        8. 9.9.8 Federal-Mogul Corporation

          $196.00

        9. 9.9.9 GKN plc

          $111.00

        10. 9.9.10 Harbin Bearing Manufacturing Company Limited

          $82.00

        11. 9.9.11 Iljin Group

          $92.00

        12. 9.9.12 JTEKT Corporation

          $281.00

        13. 9.9.13 Luoyang LYC Bearing Company Limited

          $102.00

        14. 9.9.14 MAHLE International GmbH

          $155.00

        15. 9.9.15 Metaldyne Performance Group Incorporated

          $109.00

        16. 9.9.16 Miba AG

          $86.00

        17. 9.9.17 Minebea Company Limited

          $245.00

        18. 9.9.18 Nachi-Fujikoshi Corporation

          $157.00

        19. 9.9.19 National Engineering Industries Limited

          $91.00

        20. 9.9.20 NN Incorporated

          $186.00

        21. 9.9.21 NSK Limited

          $455.00

        22. 9.9.22 NTN Corporation

          $428.00

        23. 9.9.23 Oiles Corporation

          $85.00

        24. 9.9.24 RBC Bearings Incorporated

          $223.00

        25. 9.9.25 Rexnord Corporation

          $130.00

        26. 9.9.26 Rheinmetall AG

          $97.00

        27. 9.9.27 Samara Bearing Plant Joint Stock Company

          $82.00

        28. 9.9.28 Schaeffler Group

          $404.00

        29. 9.9.29 SKF AB

          $797.00

        30. 9.9.30 THK Company Limited

          $140.00

        31. 9.9.31 ThyssenKrupp AG

          $117.00

        32. 9.9.32 Timken Company

          $386.00

        33. 9.9.33 Wafangdian Bearing Group Corporation Limited

          $85.00

        34. 9.9.34 Wanxiang Qianchao Company Limited

          $82.00

        35. 9.9.35 Wieland-Werke AG

          $82.00

      10. 9.10 Other Companies Mentioned in Study

        $623.00

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