Bearing demand in the US, Western Europe and Japan will rise

Tag : roller bearings

Global demand for ball, roller and plain bearings is forecast toclimb 6.4 percent annually through 2012 to $66.2 billion.Aftermarket sales gains will be limited by increases in averagebearing life, reflecting the use of improved product designs,better-quality materials and better lubricants. However, growingdemand for more expensive, better performing bearings will providea counterbalance, supported in part by high energy prices, whichare making highly efficient bearings a more attractive investment.
Gains to occur in both developing, developed areas
Product demand in developing parts of Asia/Pacific, Eastern Europe,Africa/ Mideast and Latin America will outpace sales in the US,Western Europe and Japan through 2012. Market advances indeveloping areas will be fueled by healthy economic growth, ongoingindustrialization efforts and rising personal income levels,bolstering manufacturing output and fixed investment expenditures.In addition, higher living standards will help stimulate demand forautomobiles and other bearing-containing durable goods, boostingboth OEM and MRO bearing sales. China, India and Russia areexpected to record some of the strongest gains, followed bylowervolume markets like Thailand, Indonesia, Malaysia and Romania.
Bearing demand in the US, Western Europe and Japan will rise aswell. Advances will be spurred by largely favorable economicclimates and higher per capita income, resulting in increasedmanufacturing activity and consumer spending for durable goods.Although representing mature markets, these areas will remain themost intensive users of bearing products because of the advancedindustrial and technological nature of their economies, as well asthe large numbers of bearing-containing equipment in use --supporting substantial aftermarket bearing demand.
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Unmounted roller bearings to be fastest growing type
Unmounted roller bearings will register the strongest market gainsthrough 2012, driven by increased output of products such asconstruction and mining machinery, conveyors, machine tools andwind turbines. Demand for mounted and combined ball/roller bearingsis also expected to climb at an above-average rate, fueled by worldeconomic and manufacturing sector growth, bolstering both OEM andMRO product demand. Sales of unmounted ball and plain bearings willexpand at a somewhat slower pace, although suppliers will benefitfrom increased output of items like electrical and electronicequipment, motor vehicles and aerospace equipment.
Aerospace equipment, electronics, medical devices among bestprospects
Bearings used in non-automotive, nonindustrial machinery settingswill post the most robust sales gains through 2012, benefittingfrom the healthy outlook for a number of products included here,such as aerospace equipment, electronic devices and medicalinstruments. Growth in industrial machinery bearing demand is alsoexpected to be healthy, stimulated by increases in globalmanufacturing activity, helping to spur associated fixed investmentexpenditures. Demand for bearings used in motor vehicleapplications will rise at a slower rate, constrained by a shift inthe product mix toward smaller cars and the greater longevity ofnewer bearing products.
Study coverage
This new Freedonia industry study, World Bearings, is priced at$5700. It presents historical demand data (1997, 2002, 2007) andforecasts for 2012 and 2017 by product, market, world region andfor 29 countries. The study also considers market environmentfactors, evaluates market share and profiles leading competitors.
To order this report:
World Bearings Market
http://www.reportlinker.com/p091960/World-Bearings-Market.html
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