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World Bearings Market

  • September 2014
  • -
  • Freedonia
  • -
  • 454 pages

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.

Study coverage

This upcoming industry study, World Bearings, presents historical demand data for 2003, 2008 and 2013, plus forecasts for 2018 and 2023 by product, market, worldwide region, and for 31 countries. The study also considers key market environment factors, evaluates company market share and profiles 33 global industry players.

Table Of Contents

World Bearings Market
TABLE OF CONTENTS
INTRODUCTION xi
I. EXECUTIVE SUMMARY 1
II. MARKET ENVIRONMENT 4
General 4
World Economic Overview 5
Recent Historical Trends 5
World Economic Outlook 6
World Gross Fixed Investment Outlook 9
World Manufacturing Outlook 11
World Motor Vehicle Production Trends 15
World Aerospace Equipment Production Trends 19
Pricing Patterns 21
Bearing Materials and Technology 24
Bearing Materials 25
Recent Technological Developments 27
Legal and Regulatory Environment 29
Standards and Regulations 29
Pricing, Trade, and Counterfeiting Issues 31
III. WORLD SUPPLY and DEMAND 34
General 34
Regional Overview 35
Demand 35
Production 41
International Trade 44
Demand by Product 45
Ball Bearings 48
Roller Bearings 50
Plain Bearings 53
Other Bearings and Bearing Parts 57
Mounted and Combined Ball/Roller Bearings 58
Bearing Parts 60
Demand by Market 60
Machinery 62
Motor Vehicles 65
Other Markets 68
Aerospace Equipment 71
Motorcycles 71
All Other Markets 72
IV. NORTH AMERICA 73
General 73
Bearing Supply and Demand 74
Bearing Market Outlook 77
United States 79
Canada 86
Mexico 92
V. WESTERN EUROPE 99
General 99
Bearing Supply and Demand 100
Bearing Market Outlook 104
Germany 106
France 112
Italy 117
United Kingdom 123
Spain 128
Other Western Europe 133
Austria 140
Belgium 141
Netherlands 142
Sweden 143
Switzerland 144
All Other 145
VI. ASIA/PACIFIC 146
General 146
Bearing Supply and Demand 147
Bearing Market Outlook 151
China 153
Japan 159
South Korea 165
India 170
Taiwan 176
Thailand 182
Other Asia/Pacific 187
Indonesia 194
Malaysia 195
Australia 196
All Other 197
VII. OTHER REGIONS 199
Central and South America 199
Bearing Supply and Demand 200
Bearing Market Outlook 204
Brazil 206
Other Central and South America 212
Argentina 219
All Other 220
Eastern Europe 221
Bearing Supply and Demand 222
Bearing Market Outlook 226
Russia 228
Other Eastern Europe 233
Poland 240
Czech Republic 241
Romania 242
All Other 243
Africa/Mideast 244
Bearing Supply and Demand 245
Bearing Market Outlook 249
Turkey 251
Other Africa Mideast 256
Iran 263
South Africa 264
All Other 265
VIII. INDUSTRY STRUCTURE 267
General 267
Industry Composition 268
Market Share 271
Product Development and Manufacturing 275
Marketing and Distribution 277
Cooperative Agreements 279
Financial Requirements 284
Acquisitions and Divestitures 285
Company Profiles 288
Advanced Bearing Materials, see Miba and Rheinmetall
Amatsuji Steel Ball Manufacturing, see NSK
APB Service, see Minebea
Barden, see Schaeffler Group
BBL Daido Private, see Daido Metal
Blohm + Voss Industries, see SKF
Bosch (Robert) GmbH 291
CandU Group Company Limited 293
CEROBEAR, see Minebea
Climax Metal Products, see RBC Bearings
Cooper Roller Bearings, see SKF
Daido Metal Company Limited 296
Dalian Koyo Wazhou Automobile Bearing, see JTEKT
and Wafangdian Bearing Group
Dalian SKF Wazhou Bearings, see SKF and Wafangdian
Bearing Group
Danaher Corporation 299
DZV Bearings, see Federal-Mogul
Emerson Electric Company 301
EnPro Industries Incorporated 304
European Bearing Corporation 308
Federal-Mogul Corporation 309
General Bearing, see SKF
GGB Bearing Technology, see EnPro Industries
GKN plc 313
Harbin Bearing Manufacturing Company Limited 315
HHI Group Holdings, see Metaldyne Performance Group
Iljin Group 316
Industrial Tectonics, see SKF
Jiangsu High Precision Bearing, see Luoyang LYC
Bearing
JTEKT Corporation 318
Kaydon, see SKF
Koyo Bearings North America, see JTEKT
KS Gleitlager, see Rheinmetall
Kyklos Bearing International, see Metaldyne Performance
Group
Luoyang LYC Bearing Company Limited 324
MAHLE International GmbH 326
Metaldyne Performance Group Incorporated 329
Miba AG 331
Minebea Company Limited 333
myonic, see Minebea
Nachi-Fujikoshi Corporation 338
National Engineering Industries Limited 341
New Hampshire Ball Bearings, see Minebea
Ningbo MOS Group, see NSK
NN Incorporated 343
NSK Limited 347
NTN Corporation 355
NTN-LYC Luoyang Bearing, see Luoyang LYC Bearing
and NTN
Oiles Corporation 363
PEER Bearing, see SKF
RBC Bearings Incorporated 365
Rexnord Corporation 369
RFK Valjcici dd, see NN
Rheinmetall AG 371
Samara Bearing Plant Joint Stock Company 373
Schaeffler Group 375
SKF AB 382
THK Company Limited 396
Thomson Industries, see Danaher
ThyssenKrupp AG 399
Timken Company 401
Venture Aerobearings, see SKF
Wafangdian Bearing Group Corporation Limited 408
Wanxiang Qianchao Company Limited 410
Wazee Companies, see Timken
Western Precision Aero, see RBC Bearings
Wieland-Werke AG 411
Xuzhou Rothe Erde Slewing Bearing, see ThyssenKrupp
Other Companies Mentioned in Study 412

LIST OF TABLES

SECTION I -- EXECUTIVE SUMMARY
Summary Table 3
SECTION II -- MARKET ENVIRONMENT
1 World Gross Domestic Product by Region 9
2 World Gross Fixed Investment by Region 11
3 World Manufacturing Value Added by Region 14
4 World Motor Vehicle Production by Region 18
5 World Aerospace Equipment Shipments by Region 21
6 World Bearing Price Deflators 23
SECTION III -- WORLD SUPPLY and DEMAND
1 World Bearing Demand by Region 38
2 World Bearing Shipments by Region 43
3 World Bearing Net Exports by Region 45
4 World Bearing Demand by Product 47
5 World Ball Bearing Demand by Region 50
6 World Roller Bearing Demand by Type and Region 53
7 World Plain Bearing Demand by Type and Region 56
8 World Demand for Other Bearings and Bearing Parts by Product
and Region 58
9 World Bearing Demand by Market 62
10 World Machinery Bearing Demand by Region 64
11 World Motor Vehicle Bearing Demand by Application and Region 67
12 World Other Bearing Demand by Market and Region 70
SECTION IV -- NORTH AMERICA
1 North America: Bearing Supply and Demand 76
2 North America: Bearing Demand by Product and Market 79
3 United States: Bearing Supply and Demand 84
4 United States: Bearing Demand by Product and Market 86
5 Canada: Bearing Supply and Demand 90
6 Canada: Bearing Demand by Product and Market 92
7 Mexico: Bearing Supply and Demand 96
8 Mexico: Bearing Demand by Product and Market 98
SECTION V -- WESTERN EUROPE
1 Western Europe: Bearing Supply and Demand 103
2 Western Europe: Bearing Demand by Product and Market 106
3 Germany: Bearing Supply and Demand 110
4 Germany: Bearing Demand by Product and Market 112
5 France: Bearing Supply and Demand 115
6 France: Bearing Demand by Product and Market 117
7 Italy: Bearing Supply and Demand 121
8 Italy: Bearing Demand by Product and Market 123
9 United Kingdom: Bearing Supply and Demand 126
10 United Kingdom: Bearing Demand by Product and Market 128
11 Spain: Bearing Supply and Demand 131
12 Spain: Bearing Demand by Product and Market 133
13 Other Western Europe: Bearing Supply and Demand 137
14 Other Western Europe: Bearing Demand by Product and Market 139
15 Other Western Europe: Bearing Supply and Demand by Country 140
SECTION VI -- ASIA/PACIFIC
1 Asia/Pacific: Bearing Supply and Demand 150
2 Asia/Pacific: Bearing Demand by Product and Market 153
3 China: Bearing Supply and Demand 157
4 China: Bearing Demand by Product and Market 159
5 Japan: Bearing Supply and Demand 163
6 Japan: Bearing Demand by Product and Market 165
7 South Korea: Bearing Supply and Demand 168
8 South Korea: Bearing Demand by Product and Market 170
9 India: Bearing Supply and Demand 174
10 India: Bearing Demand by Product and Market 176
11 Taiwan: Bearing Supply and Demand 180
12 Taiwan: Bearing Demand by Product and Market 182
13 Thailand: Bearing Supply and Demand 185
14 Thailand: Bearing Demand by Product and Market 187
15 Other Asia/Pacific: Bearing Supply and Demand 191
16 Other Asia/Pacific: Bearing Demand by Product and Market 193
17 Other Asia/Pacific: Bearing Supply and Demand by Country 194
SECTION VII -- OTHER REGIONS
1 Central and South America: Bearing Supply and Demand 203
2 Central and South America: Bearing Supply and Demand
by Product and Market 206
3 Brazil: Bearing Supply and Demand 210
4 Brazil: Bearing Demand by Product and Market 212
5 Other Central and South America: Bearing Supply and Demand 216
6 Other Central and South America: Bearing Demand by Product
and Market 218
7 Other Central and South America: Bearing Supply and Demand
by Country 219
8 Eastern Europe: Bearing Supply and Demand 225
9 Eastern Europe: Bearing Demand by Product and Market 227
10 Russia: Bearing Supply and Demand 231
11 Russia: Bearing Demand by Product and Market 233
12 Other Eastern Europe: Bearing Supply and Demand 237
13 Other Eastern Europe: Bearing Demand by Product and Market 239
14 Other Eastern Europe: Bearing Supply and Demand by Country 240
15 Africa/Mideast: Bearing Supply and Demand 248
16 Africa/Mideast: Bearing Demand by Product and Market 251
17 Turkey: Bearing Supply and Demand 254
18 Turkey: Bearing Demand by Product and Market 256
19 Other Africa/Mideast: Bearing Supply and Demand 260
20 Other Africa/Mideast: Bearing Demand by Product and Market 262
21 Other Africa/Mideast: Bearing Supply and Demand by Country 263
SECTION VIII -- INDUSTRY STRUCTURE
1 Bearing Sales for Selected Manufacturers, 2013 270
2 Selected Cooperative Agreements 281
3 Selected Acquisitions and Divestitures 287

LIST OF CHARTS

SECTION II -- MARKET ENVIRONMENT
1 World Manufacturing Value Added by Region, 2013 14
2 World Bearing Pricing, 2003-2023 24
SECTION III -- WORLD SUPPLY and DEMAND
1 World Bearing Demand by Region, 2013 39
2 World Bearing Demand Projected 2013-2018 Annual Rate of
Growth 40
3 World Bearing Shipments by Region, 2013 43
4 World Bearing Demand by Product, 2013 48
5 World Bearing Demand by Market, 2013 62
SECTION IV -- NORTH AMERICA
1 North America: Bearing Demand by Country, 2013 77
SECTION V -- WESTERN EUROPE
1 Western Europe: Bearing Demand by Country, 2013 104
SECTION VI -- ASIA/PACIFIC
1 Asia/Pacific: Bearing Demand by Country, 2013 151
SECTION VII -- OTHER REGIONS
1 Central and South America: Bearing Demand by Country, 2013 204
2 Eastern Europe: Bearing Demand by Country, 2013 226
3 Africa/Mideast: Bearing Demand by Country, 2013 249
SECTION VIII -- INDUSTRY STRUCTURE
1 World Bearing Market Share, 2013 271

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