• Hello Customer - Log in or Register!
Date: 2013-08-01

US Bearing Demand to Exceed $10 Billion in 2013

Ball, roller and plain bearing demand in the US is projected to expand 3.0 percent per year through 2013 to $10.6 billion. Sales increases for ball and roller bearings, including both mounted and unmounted types and associated parts, will outpace those of plain bearings, reaching $8.5 billion in 2013. Advances will be supported by sales of high-value, large diameter bearings as the wind energy and heavy equipment markets expand. Continued, albeit moderating, growth in the production of aerospace equipment and machinery will also support gains. Recovery in motor vehicle production from the low levels of 2008, particularly in heavy truck and bus manufacturing, will also benefit bearing suppliers. Market gains will be dampened, however, as US companies in a variety of bearing-using industries continue to move manufacturing operations to offshore areas where labor costs are lower. These and other trends, including market share and product segmentation, are presented in US Bearings, a new study from The Freedonia Group, Inc., a Cleveland-based industry research firm.



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. Mounted bearing demand increases will be spurred by original equipment manufacturers


Previous: Federal-Mogul Launches Aluminum Diesel Piston Production at Russian Joint Venture
Next: U.S. Power Transmission Manufacturer Sales Up in August

Hot Products:
Product Model Inside Diameter Outside Diameter Thickness
HAR914CDB KOYO 70 100 32
7914CDB KOYO 70 100 32
【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.