Date: 2013-08-01

IMS Reports Bearings Market to Return to Growth

The bearings industry looks set to return to growth this year, according to a report on the subject by IMS Research.

The Americas market for ball and roller bearings - worth an estimated USD8.8bn (GBP5.9bn) in 2008 - shrank by almost 17 per cent last year.

However, the unprecedented size of the 2008 decline in US vehicle production - along with a resilient and rapidly expanding Brazilian market - should result in a swift recovery according to report author, Craig Foster.

Sales of ball and roller bearings are predicted to grow by 5.1 per cent in 2010, and surpass 2008 levels in 2012.

Having entered the downturn later than the Americas, European production of vehicles and machinery is expected to remain relatively flat in 2010.

Because of this, the EMEA market for bearings - worth over USD4bn (GBP2.7) more than its American equivalent in 2008 - is forecast to grow by just 0.5 per cent this year and will not have returned to 2008 levels until 2013 at the earliest.

Previous: UTE Developed a New Design for Dental Handpiece Bearing
Next: Teambuilding of ZKL Group Management

Hot Products:

Product Model	Inside Diameter	Outside Diameter	Thickness
6909 KOYO	45	68	12
6809 KOYO	45	58	7

【TradeBearings News Statement】

1.The news above mentioned with detailed source are from internet.We are trying our best to assure they are accurate ,timely and safe so as to let bearing users and sellers read more related info.However, it doesn't mean we agree with any point of view referred in above contents and we are not responsible for the authenticity. If you want to publish the news,please note the source and you will be legally responsible for the news published.
2.All news edited and translated by us are specially noted the source"TradeBearings".
3.For investors,please be cautious for all news.We don't bear any damage brought by late and inaccurate news.
4.If the news we published involves copyright of yours,just let us know.