This report forecasts to 2022 bearing demand and shipments in nominal US dollars at the manufacturer level in Canada. Total demand is segmented by product in terms of: unmounted ball bearings, unmounted roller bearings, unmounted plain bearings, and mounted and combined ball/roller bearings and separately sold bearing parts (including balls, rollers, cages, cups, and rings). Total demand is also segmented by market as follows: motor vehicles; machinery; aerospace equipment; and other markets such as motorcycles, medical equipment, and railroad equipment.
To illustrate historical trends, total demand is provided in annual series from 2007 to 2017; shipments and the various segments are reported at five-year intervals for 2007, 2012, and 2017.
Excluded from the scope of this report are: adaptor and withdrawal sleeves; flexure, fluid, magnetic, and other types of bearings; lock nuts and washers; lubricators; and retaining plates.
Whenever possible, efforts were made to prevent bearing sales from being counted more than once in the numbers presented here, although it is difficult to do because of the structure of the bearing industry. For example, cages manufactured by one company and balls made by another firm might be sold to a third enterprise, which uses these and other components fabricated internally to produce unmounted ball bearings. These bearings might then be sold to a fourth company, which uses them and housing purchased from a fifth firm to assemble mounted ball bearing units, which are then sold to end users. Each of the business transactions by these five enterprises is reported as a bearing product sale. As a result, final sales to bearing users are somewhat different in dollar terms than total bearing company product sales.
For any given historical year, US dollar amounts are obtained from values expressed in the applicable local currency. These local currency values are converted to US dollars at the average annual exchange rate for that year. For forecast years, the US dollar amounts assume the same annual exchange rate as that prevailing in 2017.
Key macroeconomic indicators are also provided with quantified trends. Other various topics, including profiles of pertinent leading suppliers, are covered in this report. A full outline of report items by page is available in the Table of Contents.
Related NAICS Codes:
332991 Ball and Roller Bearing Manufacturing
333613 Mechanical Power Transmission Equipment Manufacturing
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