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World Bearings


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World Bearings

World demand to rise 7.3% annually through 2018
Global demand for ball, roller, and plain bearings is projected to rise 7.3 percent per annum to $104.5 billion in 2018. Product sales will be fueled by healthy gross fixed investment and durable goods output growth as economic conditions improve worldwide. 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 high energy prices, which make highly efficient bearings a more attractive investment. Unit demand is forecast to climb 5.3 percent per year to 53 billion in 2018, accelerating from the 2008-2013 period, although the overall rate of growth will be limited by greater utilization of higher-end, longer lasting units, which will reduce aftermarket product requirements.

China to post strongest gains of any national market
China will post the strongest gains of any national market in dollar terms. In fact, a little less than one-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 smaller but still considerable bearings market, is expected to post larger annual gains in percentage terms. A number of smaller markets -- including Indonesia, Iran, Turkey, Thailand, and Malaysia -- will also record healthy sales advances.

US to be fastest growing developed national market
Bearing demand is projected to climb at a 5.9 percent annual pace through 2018 in the US, representing the strongest market performances of any developed nation, driven by an acceleration in economic growth and an upturn in investment expenditures. Product sales in Western Europe and Japan will rebound from recent declines, but market gains in these areas will be well below the worldwide 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 be stronger than those posted during the 2008-2013 period but not as robust as those in other developing areas because fixed investment spending, automotive output, and other durable goods production will not rise as rapidly as in the Asia/Pacific, Africa/Mideast, and Central and South America regions. 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.

Ball, roller bearings to be fastest growing products
Unmounted ball and roller bearings will continue to account for the vast majority of the product demand, with sales of these goods totaling $77.1 billion in 2018. Unmounted plain bearing demand is forecast to reach $12.8 billion in the same year, while sales of mounted bearings, combination ball and roller bearings, and parts will total $14.6 billion. Ball and roller bearings will register the fastest market gains of any product through 2018. This will be due both to increased output of machinery, motor vehicles, aerospace equipment, and motorcycles, as well as the performance advantages these products offer.


  • INTRODUCTION
  • EXECUTIVE SUMMARY
    • Table WORLD BEARING DEMAND
  • MARKET ENVIRONMENT
    • General
    • World Economic Overview
      • Recent Historical Trends
      • World Economic Outlook
        • Table WORLD GROSS DOMESTIC PRODUCT BY REGION
    • World Gross Fixed Investment Outlook
      • Table WORLD GROSS FIXED INVESTMENT BY REGION
    • World Manufacturing Outlook
      • Table WORLD MANUFACTURING VALUE ADDED BY REGION
      • Table CHART II-1 WORLD MANUFACTURING VALUE ADDED BY REGION, 2013
    • World Motor Vehicle Production Trends
      • Table WORLD MOTOR VEHICLE PRODUCTION BY REGION
    • World Aerospace Equipment Production Trends
      • Table WORLD AEROSPACE EQUIPMENT SHIPMENTS BY REGION
    • Pricing Patterns
      • Table WORLD BEARING PRICE DEFLATORS
      • Table CHART II-2 WORLD BEARING PRICING, 2003-2023
    • Bearing Materials & Technology
      • Bearing Materials
      • Recent Technological Developments
    • Legal & Regulatory Environment
      • Standards & Regulations
      • Pricing, Trade, & Counterfeiting Issues
  • WORLD SUPPLY & DEMAND
    • General
    • Regional Overview
      • Demand
        • Table WORLD BEARING DEMAND BY REGION
        • Table CHART III-1 WORLD BEARING DEMAND BY REGION, 2013
        • Table CHART III-2 WORLD BEARING DEMAND PROJECTED 2013-2018 ANNUAL RATE OF GROWTH
      • Production
        • Table WORLD BEARING SHIPMENTS BY REGION
        • Table CHART III-3 WORLD BEARING SHIPMENTS BY REGION, 2013
      • International Trade
        • Table WORLD BEARING NET EXPORTS BY REGION
    • Demand by Product
      • Table WORLD BEARING DEMAND BY PRODUCT
      • Table CHART III-4 WORLD BEARING DEMAND BY PRODUCT, 2013
      • Ball Bearings
        • Table WORLD BALL BEARING DEMAND BY REGION
      • Roller Bearings
        • Table WORLD ROLLER BEARING DEMAND BY TYPE & REGION
      • Plain Bearings
        • Table WORLD PLAIN BEARING DEMAND BY TYPE & REGION
      • Other Bearings & Bearing Parts
        • Table WORLD DEMAND FOR OTHER BEARINGS & BEARING PARTS BY PRODUCT & REGION
    • Demand by Market
      • Table WORLD BEARING DEMAND BY MARKET
      • Table CHART III-5 WORLD BEARING DEMAND BY MARKET, 2013
      • Machinery
        • Table WORLD MACHINERY BEARING DEMAND BY REGION
      • Motor Vehicles
        • Table WORLD MOTOR VEHICLE BEARING DEMAND BY APPLICATION & REGION
      • Other Markets
        • Table WORLD OTHER BEARING DEMAND BY MARKET & REGION
  • NORTH AMERICA
    • North America: General
    • North America: Bearing Supply & Demand
      • Table NORTH AMERICA: BEARING SUPPLY & DEMAND
      • Table CHART IV-1 NORTH AMERICA: BEARING DEMAND BY COUNTRY, 2013
    • North America: Bearing Market Outlook
      • Table NORTH AMERICA: BEARING DEMAND BY PRODUCT & MARKET
    • United States
      • United States: General
      • United States: Bearing Supply & Demand
        • Table UNITED STATES: BEARING SUPPLY & DEMAND
      • United States: Bearing Market Outlook
        • Table UNITED STATES: BEARING DEMAND BY PRODUCT & MARKET
    • Canada
      • Canada: General
      • Canada: Bearing Supply & Demand
        • Table CANADA: BEARING SUPPLY & DEMAND
      • Canada: Bearing Market Outlook
        • Table CANADA: BEARING DEMAND BY PRODUCT & MARKET
    • Mexico
      • Mexico: General
      • Mexico: Bearing Supply & Demand
        • Table MEXICO: BEARING SUPPLY & DEMAND
      • Mexico: Bearing Market Outlook
        • Table MEXICO: BEARING DEMAND BY PRODUCT & MARKET
  • WESTERN EUROPE
    • Western Europe: General
    • Western Europe: Bearing Supply & Demand
      • Table WESTERN EUROPE: BEARING SUPPLY & DEMAND
      • Table CHART V-1 WESTERN EUROPE: BEARING DEMAND BY COUNTRY, 2013
    • Western Europe: Bearing Market Outlook
      • Table WESTERN EUROPE: BEARING DEMAND BY PRODUCT & MARKET
    • Germany
      • Germany: General
      • Germany: Bearing Supply & Demand
        • Table GERMANY: BEARING SUPPLY & DEMAND
      • Germany: Bearing Market Outlook
        • Table GERMANY: BEARING DEMAND BY PRODUCT & MARKET
    • France
      • France: General
      • France: Bearing Supply & Demand
        • Table FRANCE: BEARING SUPPLY & DEMAND
      • France: Bearing Market Outlook
        • Table FRANCE: BEARING DEMAND BY PRODUCT & MARKET
    • Italy
      • Italy: General
      • Italy: Bearing Supply & Demand
        • Table ITALY: BEARING SUPPLY & DEMAND
      • Italy: Bearing Market Outlook
        • Table ITALY: BEARING DEMAND BY PRODUCT & MARKET
    • United Kingdom
      • United Kingdom: General
      • United Kingdom: Bearing Supply & Demand
        • Table UNITED KINGDOM: BEARING SUPPLY & DEMAND
      • United Kingdom: Bearing Market Outlook
        • Table UNITED KINGDOM: BEARING DEMAND BY PRODUCT & MARKET
    • Spain
      • Spain: General
      • Spain: Bearing Supply & Demand
        • Table SPAIN: BEARING SUPPLY & DEMAND
      • Spain: Bearing Market Outlook
        • Table SPAIN: BEARING DEMAND BY PRODUCT & MARKET
    • Other Western Europe
      • Other Western Europe: General
      • Other Western Europe: Bearing Supply & Demand
        • Table OTHER WESTERN EUROPE: BEARING SUPPLY & DEMAND
      • Other Western Europe: Bearing Market Outlook
        • Table OTHER WESTERN EUROPE: BEARING DEMAND BY PRODUCT & MARKET
      • Other Western Europe: Bearing Supply & Demand by Country
        • Table OTHER WESTERN EUROPE: BEARING SUPPLY & DEMAND BY COUNTRY
  • ASIA/PACIFIC
    • Asia/Pacific: General
    • Asia/Pacific: Bearing Supply & Demand
      • Table ASIA/PACIFIC: BEARING SUPPLY & DEMAND
      • Table CHART VI-1 ASIA/PACIFIC: BEARING DEMAND BY COUNTRY, 2013
    • Asia/Pacific: Bearing Market Outlook
      • Table ASIA/PACIFIC: BEARING DEMAND BY PRODUCT & MARKET
    • China
      • China: General
      • China: Bearing Supply & Demand
        • Table CHINA: BEARING SUPPLY & DEMAND
      • China: Bearing Market Outlook
        • Table CHINA: BEARING DEMAND BY PRODUCT & MARKET
    • Japan
      • Japan: General
      • Japan: Bearing Supply & Demand
        • Table JAPAN: BEARING SUPPLY & DEMAND
      • Japan: Bearing Market Outlook
        • Table JAPAN: BEARING DEMAND BY PRODUCT & MARKET
    • South Korea
      • South Korea: General
      • South Korea: Bearing Supply & Demand
        • Table SOUTH KOREA: BEARING SUPPLY & DEMAND
      • South Korea: Bearing Market Outlook
        • Table SOUTH KOREA: BEARING DEMAND BY PRODUCT & MARKET
    • India
      • India: General
      • India: Bearing Supply & Demand
        • Table INDIA: BEARING SUPPLY & DEMAND
      • India: Bearing Market Outlook
        • Table INDIA: BEARING DEMAND BY PRODUCT & MARKET
    • Taiwan
      • Taiwan: General
      • Taiwan: Bearing Supply & Demand
        • Table TAIWAN: BEARING SUPPLY & DEMAND
      • Taiwan: Bearing Market Outlook
        • Table TAIWAN: BEARING DEMAND BY PRODUCT & MARKET
    • Thailand
      • Thailand: General
      • Thailand: Bearing Supply & Demand
        • Table THAILAND: BEARING SUPPLY & DEMAND
      • Thailand: Bearing Market Outlook
        • Table THAILAND: BEARING DEMAND BY PRODUCT & MARKET
    • Other Asia/Pacific
      • Other Asia/Pacific: General
      • Other Asia/Pacific: Bearing Supply & Demand
        • Table OTHER ASIA/PACIFIC: BEARING SUPPLY & DEMAND
      • Other Asia/Pacific: Bearing Market Outlook
        • Table OTHER ASIA/PACIFIC: BEARING DEMAND BY PRODUCT & MARKET
      • Other Asia/Pacific: Bearing Supply & Demand by Country
        • Table OTHER ASIA/PACIFIC: BEARING SUPPLY & DEMAND BY COUNTRY
  • OTHER REGIONS
    • Central & South America
      • Central & South America: General
      • Central & South America: Bearing Supply & Demand
        • Table CENTRAL & SOUTH AMERICA: BEARING SUPPLY & DEMAND
        • Table CHART VII-1 CENTRAL & SOUTH AMERICA: BEARING DEMAND BY COUNTRY, 2013
      • Central & South America: Bearing Market Outlook
        • Table CENTRAL & SOUTH AMERICA: BEARING SUPPLY & DEMAND BY PRODUCT & MARKET
      • Brazil
        • Table BRAZIL: BEARING SUPPLY & DEMAND
        • Table BRAZIL: BEARING DEMAND BY PRODUCT & MARKET
      • Other Central & South America
        • Table OTHER CENTRAL & SOUTH AMERICA: BEARING SUPPLY & DEMAND
        • Table OTHER CENTRAL & SOUTH AMERICA: BEARING DEMAND BY PRODUCT & MARKET
        • Table OTHER CENTRAL & SOUTH AMERICA: BEARING SUPPLY & DEMAND BY COUNTRY
    • Eastern Europe
      • Eastern Europe: General
      • Eastern Europe: Bearing Supply & Demand
        • Table EASTERN EUROPE: BEARING SUPPLY & DEMAND
        • Table CHART VII-2 EASTERN EUROPE: BEARING DEMAND BY COUNTRY, 2013
      • Eastern Europe: Bearing Market Outlook
        • Table EASTERN EUROPE: BEARING DEMAND BY PRODUCT & MARKET
      • Russia
        • Table RUSSIA: BEARING SUPPLY & DEMAND
        • Table RUSSIA: BEARING DEMAND BY PRODUCT & MARKET
      • Other Eastern Europe
        • Table OTHER EASTERN EUROPE: BEARING SUPPLY & DEMAND
        • Table OTHER EASTERN EUROPE: BEARING DEMAND BY PRODUCT & MARKET
        • Table OTHER EASTERN EUROPE: BEARING SUPPLY & DEMAND BY COUNTRY
    • Africa/Mideast
      • Africa/Mideast: General
      • Africa/Mideast: Bearing Supply & Demand
        • Table AFRICA/MIDEAST: BEARING SUPPLY & DEMAND
        • Table CHART VII-3 AFRICA/MIDEAST: BEARING DEMAND BY COUNTRY, 2013
      • Africa/Mideast: Bearing Market Outlook
        • Table AFRICA/MIDEAST: BEARING DEMAND BY PRODUCT & MARKET
      • Turkey
        • Table TURKEY: BEARING SUPPLY & DEMAND
        • Table TURKEY: BEARING DEMAND BY PRODUCT & MARKET
      • Other Africa Mideast
        • Table OTHER AFRICA/MIDEAST: BEARING SUPPLY & DEMAND
        • Table OTHER AFRICA/MIDEAST: BEARING DEMAND BY PRODUCT & MARKET
        • Table OTHER AFRICA/MIDEAST: BEARING SUPPLY & DEMAND BY COUNTRY
  • INDUSTRY STRUCTURE
    • General
    • Industry Composition
      • Table BEARING SALES FOR SELECTED MANUFACTURERS, 2013
    • Market Share
      • Table CHART VIII-1 WORLD BEARING MARKET SHARE, 2013
    • Product Development & Manufacturing
    • Marketing & Distribution
    • Cooperative Agreements
      • Table SELECTED COOPERATIVE AGREEMENTS
    • Financial Requirements
    • Acquisitions & Divestitures
      • Table SELECTED ACQUISITIONS & DIVESTITURES
    • Company Profiles
      • Bosch (Robert) GmbH
      • C&U Group Company Limited
      • Daido Metal Company Limited
      • Danaher Corporation
      • Emerson Electric Company
      • EnPro Industries Incorporated
      • European Bearing Corporation
      • Federal-Mogul Corporation
      • GKN plc
      • Harbin Bearing Manufacturing Company Limited
      • Iljin Group
      • JTEKT Corporation
      • Luoyang LYC Bearing Company Limited
      • MAHLE International GmbH
      • Metaldyne Performance Group Incorporated
      • Miba AG
      • Minebea Company Limited
      • Nachi-Fujikoshi Corporation
      • National Engineering Industries Limited
      • NN Incorporated
      • NSK Limited
      • NTN Corporation
      • Oiles Corporation
      • RBC Bearings Incorporated
      • Rexnord Corporation
      • Rheinmetall AG
      • Samara Bearing Plant Joint Stock Company
      • Schaeffler Group
      • SKF AB
      • THK Company Limited
      • ThyssenKrupp AG
      • Timken Company
      • Wafangdian Bearing Group Corporation Limited
      • Wanxiang Qianchao Company Limited
      • Wieland-Werke AG
    • Other Companies Mentioned in Study

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