Ball Bearing Manufacturing in the US
The Ball Bearing Manufacturing industry has experienced multiple headwinds in recent years. A bearing is a structural machine component used to fix, hold or guide moving parts and reduce rotational friction between two or more rotating parts. Over the past five years, falling trade and steel prices and sometimes decreasing domestic demand have led to stagnating industry revenue. Over the five years to 2024, industry revenue is forecast to climb. The overall expansion of the US economy will continue to fuel higher industrial production, increasing demand for various kinds of industry bearings. Moreover, import competition is anticipated to weaken slightly as a depreciating dollar and trade tensions limit import growth. The depreciating dollar is also expected to increase industry exports after years of decline.
Operators in this industry manufacture ball bearings and roller bearings for use in transportation and industrial equipment manufacturing. Major markets include the transportation, defense, space and energy sectors. Operators do not manufacture plain (nonball and nonroller) bearings.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.Download eBook