Bearings

US industry forecasts for 2013 & 2018

Publication Date	September 2009
Publisher	Freedonia Group
Product Type	Report
Pages	267
ISBN Number	not applicable
Product Code	FED00117

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Summary

US demand to expand 3% annually through 2013

Bearing demand in the US (including plain bearings) is projected to expand 3.0 percent per year through 2013 to $10.6 billion. The primary factors supporting advances will be a rebound in motor vehicle production levels and continued, albeit moderating, growth in aerospace equipment and machinery shipments. In addition, as the wind energy market continues to grow, suppliers will benefit from sales of high-value, large diameter wind turbine bearings. Market gains will be dampened by a deceleration in overall durable goods output as US companies continue to move manufacturing operations to offshore areas where labor costs are lower. Significant increases in average bearing life, attributable to the use of improved product designs, betterquality materials and better lubricants, will also restrain growth in aftermarket sales. However, a shift in the product mix toward more expensive, better performing products will provide a counterbalance, supported in part by high energy prices that will make highly efficient bearings a more attractive investment.

Improved quaiity, performance to boost shipments

Shipments of bearings from US plants are expected to expand 2.8 percent annually through 2013 to $10.0 billion, approximating domestic demand increases. Industry output will be stimulated by growth in several key domestic bearingusing industries and by rising demand in a number of export markets. Further investment in US bearing plants by foreign firms will contribute to production gains as well. US bearing manufacturers' ongoing efforts to improve the quality and performance of their products, and to increase the efficiency of their operations, will also help spur output growth, as will a trend from selling simple components to selling more advanced, higher value added systems that incorporate bearings and associated components. However, foreign suppliers are also improving the quality of their goods, and US-based bearing companies are expected to make additional investments in overseas manufacturing facilities, limiting advances in domestic industry production.

Roller bearings to post strongest market gains

The strongest market gains through 2013 will be posted by roller bearings, benefitting from renewed strength in US production of motor vehicles and from sales of advanced, high-value products for applications such as wind turbines and heavy machinery. Demand for mounted bearings and bearing parts will also outperform bearing demand overall. Sales of bearing parts will be driven by increases in the number of bearingcontaining products (aircraft, automobiles, industrial equipment, etc.) in use and by demand for the improved performance associated with more advanced parts. Mounted bearing demand increases will be spurred by original equipment manufacturers' (OEM) desire to simplify their production process and reduce future maintenance requirements.

OEM bearing applications, which currently account for 78 percent of all demand, will approximate the performance of maintenance/repair/operations (MRO) applications through 2013. Market conditions will be particularly strong in the automotive and engine, turbine and power transmission equipment manufacturing markets. MRO bearing demand will be bolstered by continued increases in government spending and by a rebound in residential construction expenditures.

Content

I. EXECUTIVE SUMMARY
II. MARKET ENVIRONMENT
- General
- Economic Environment
- Cyclical Trends
- Long Term Trends
- Market Dynamics
- OEM
- MRO
- Pricing Patterns
- Bearing Materials
- Steel
- Other
- Technology
- Basic Bearing Technology
- Recent Technological Developments
- Competitive Technologies
- Legal & Regulatory Environment
- International Environment
- World Supply & Demand
- US Foreign Trade
- Imports
- Exports
III. PRODUCTS
- General
- Ball Bearings
- Precision Radial
- Nonprecision Radial
- Thrust & Other
- Roller Bearings
- Tapered
- Other
- Cylindrical
- Needle
- Spherical
- All Other
- Plain Bearings
- Journal
- Spherical
- Thrust & Other
- Mounted Bearings
- Ball
- Roller
- Plain
- Bearing Parts
- Balls
- Rollers
- Other Ball & Roller Bearing Parts
- Plain Bearing Parts
IV. MARKETS
- General
- Original Equipment Manufacturing
- Motor Vehicles
- Industry Outlook
- Bearing Market
- Machinery
- Industry Outlook
- Bearing Market
- Engines, Turbines & Power Transmission Equipment
- Industry Outlook
- Bearing Market
- Aerospace Equipment
- Industry Outlook
- Bearing Market
- Construction, Mining & Oilfield Machinery
- Industry Outlook
- Bearing Market
- Material Handling Equipment
- Industry Outlook
- Bearing Market
- Farm & Garden Machinery
- Industry Outlook
- Bearing Market
- Other OEM Applications
- Maintenance/Repair/Operations
- Industrial MRO
- Sector Outlook
- Bearing Market
- Services MRO
- Sector Outlook
- Bearing Market
- Government MRO
- Sector Outlook
- Bearing Market
V. INDUSTRY STRUCTURE
- General
- Industry Composition
- Market Share
- Product Development & Manufacturing
- Marketing & Distribution
- Cooperative Agreements
- Financial Issues
- Mergers, Acquisitions & Industry Restructuring
- Company Profiles
- Advanced Green Components, see Timken
- Altra Industrial Motion Incorporated
- American Roller Bearing Company
- AMSTED Industries Incorporated
- ASF-Keystone, see AMSTED
- Avon Bearings, see Kaydon
- Baldor Electric Company
- Barden, see Schaeffler
- Bearing Inspection, see Timken
- Bosch (Robert) GmbH
- Boston Gear, see Altra Industrial Motion
- Brenco, see AMSTED
- CoLinx, see Schaeffler, SKF and Timken
- Cooper Split Roller Bearing, see Kaydon
- Danaher Corporation
- Delta Rubber, see NN
- Delphi Corporation
- Emerson Electric Company
- EnPro Industries Incorporated
- Federal-Mogul Corporation
- Formsprag Clutch, see Altra Industrial Motion
- Frantz Manufacturing Company
- General Bearing Corporation
- GGB Bearing Technology, see EnPro
- GKN plc
- Hephaestus Holdings Incorporated
- Hoover Precision Products, see Tsubaki Nakashima
- Hub City, see Regal-Beloit
- Iljin Group
- Industrial Molding, see NN
- Industrial Tectonics, see Kaydon
- JTEKT Corporation
- Kaydon Corporation
- Kilian Manufacturing, see Altra Industrial Motion
- Koyo, see JTEKT
- Kyklos Bearing, see Hephaestus Holdings
- MAHLE International GmbH
- Minebea Company Limited
- MPB, see Timken
- MRC Bearings, see SKF
- myonic Holding, see Minebea
- Nachi-Fujikoshi Limited
- New Hampshire Ball Bearings, see Minebea
- NN Incorporated
- NSK Limited
- NTN Corporation
- Pacamor Kubar Bearings
- Peer Bearing, see SKF
- Phoenix Bearings, see RBC Bearings
- Rail Bearing Service, see Timken
- RBC Bearings Incorporated
- Regal-Beloit Corporation
- Rexnord LLC
- Rotek, see ThyssenKrupp
- Saint-Gobain
- Schaeffler KG
- Shafer, see Rexnord
- SKF AB
- SNR Roulements, see NTN
- THK Company Limited
- ThyssenKrupp AG
- Timken Company
- Tsubaki Nakashima Company Limited
- Tuflite Composite Bearings, see Rexnord
- WM Berg, see Rexnord
- Additional Companies
LIST OF TABLES
SECTION I -- EXECUTIVE SUMMARY
- Summary Table
SECTION II -- MARKET ENVIRONMENT
- 1 Macroeconomic Indicators
- 2 Bearing Market, 1998-2008
- 3 Manufacturers' Shipments by Industry
- 4 Nonresidential Fixed Investment & Equipment Stock
- 5 Bearing Pricing Deflators
- 6 World Bearing Demand by Region
- 7 US Foreign Trade in Bearings
- 8 US Bearing Imports by Source, 1998-2008
- 9 US Bearing Exports by Destination, 1998-2008
SECTION III -- PRODUCTS
- 1 Bearing Supply & Demand
- 2 Ball Bearing Supply & Demand
- 3 Precision Radial Ball Bearing Supply & Demand
- 4 Nonprecision Radial Ball Bearing Supply & Demand
- 5 Thrust & Other Ball Bearing Supply & Demand
- 6 Roller Bearing Supply & Demand
- 7 Tapered Roller Bearing Supply & Demand
- 8 Other Roller Bearing Supply & Demand
- 9 Plain Bearing Supply & Demand
- 10 Mounted Bearing Supply & Demand
- 11 Bearing Parts Supply & Demand
SECTION IV -- MARKETS
- 1 Bearing Demand by Market
- 2 OEM Bearing Demand by Market
- 3 Motor Vehicle Production & Shipments
- 4 Motor Vehicle Bearing Demand
- 5 Machinery Shipments
- 6 Machinery Bearing Demand
- 7 Engine, Turbine & Power Transmission Equipment Shipments
- 8 Engine, Turbine & Power Transmission Equipment Bearing Demand
- 9 Aerospace Equipment Shipments
- 10 Aerospace Equipment Bearing Demand
- 11 Construction, Mining and Oilfield Machinery Shipments
- 12 Construction, Mining & Oilfield Machinery Bearing Demand
- 13 Material Handling Equipment Shipments
- 14 Material Handling Equipment Bearing Demand
- 15 Farm & Garden Equipment Shipments
- 16 Farm & Garden Equipment Bearing Demand
- 17 Other OEM Bearing Demand
- 18 MRO Bearing Demand by Market
- 19 Industrial Sector Outlook
- 20 Industrial Sector MRO Bearing Demand
- 21 Service Sector Outlook
- 22 Service Sector Bearing Demand
- 23 Government Spending & Investment
- 24 Government Bearing Demand
SECTION V -- INDUSTRY STRUCTURE
- 1 US Bearing Sales by Selected Manufacturers, 2008
- 2 Capital Spending Patterns: Selected Bearing Manufacturers
- 3 Selected Cooperative Agreements
- 4 Composite Financial Ratios: Selected Bearing Manufacturers
- 5 Selected Acquisitions & Divestitures
LIST OF CHARTS
SECTION II -- MARKET ENVIRONMENT
- 1 Bearing Market, 1999-2008
- 2 Bearing Pricing, 1998-2018
- 3 Bearing Imports by Source, 2008
- 4 Bearing Exports by Destination, 2008
SECTION III -- PRODUCTS
- 1 Bearing Demand by Product, 2008
- 2 Ball Bearings by Product Type, 2008
- 3 Roller Bearing Demand by Type, 2008
- 4 Plain Bearing Demand by Product Type, 2008
- 5 Mounted Bearing Demand by Type, 2008
- 6 Bearing Parts Demand by Type, 2008
SECTION IV -- MARKETS
- 1 Bearing Demand by Market, 1998-2018
- 2 OEM Bearing Demand by Market, 2008
- 3 Additional Demand by OEM Market, 2013 vs. 2008
- 4 MRO Bearing Demand by Market, 2008
SECTION V -- INDUSTRY STRUCTURE
- 1 US Market Share by Company, 2008