US Bearings Market Analysis & 2017 Forecasts at ReportsnReports.com

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US demand to rise 4.4% annually through 2017

Ball, roller, and plain bearing demand in the US is forecast to increase 4.4 percent per year to $12.9 billion in 2017. This will be a notable improvement from the growth registered during the 2007 to 2012 period. Market advances will be supported by improved conditions in motor vehicle manufacturing, the largest market for bearings. The trend toward “insourcing” US durable goods manufacturing will create opportunities in a variety of markets.

Engine, turbine & power transmission market to grow the fastest

The engine, turbine, and power transmission equipment market will experience the fastest growth, bolstered by continued growth in the wind energy segment. The automotive market will not be far behind, outpacing overall bearing demand gains. Bearing manufacturers will benefit from particularly strong growth in heavy truck and bus production, as these vehicles utilize more bearings (both in unit and dollar terms) than passenger cars.

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Roller bearings to offer best growth opportunities

Roller bearing demand is expected to continue to outpace other product types, supported by sales of higher value, technologically advanced bearings. Roller bearings will continue to be the largest product segment, comprising over 40 percent of demand in 2017.

OEM bearing applications to outpace MRO uses

Demand for bearings in OEM applications will outpace the industry average, due to ongoing growth in US durable goods output. Many durable goods manufacturers are building or upgrading production facilities in the US, boosting demand for components such as bearings. Increased production of machinery will stimulate gains, since these industries are heavy users of more advanced, high value bearing products.

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Bearing shipments from US plants to track demand

Bearing shipments from US plants are forecast to increase 4.3 percent annually to $12 billion in 2017, approximating demand growth. Industry output will be stimulated by growth in several key domestic bearing-using industries (e.g., motor vehicles, machinery) and by rising demand in a number of export markets. However, intense competition from bearing suppliers in lower cost countries is expected to hold back price increases. Both imports and exports will post steady gains through 2017, and the US will remain a net importer.

Company Profiles

Profiles US industry participants such as JTEKT, NSK, NTN, Schaeffler, SKF, STK, and Timken

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Table of Content

V. INDUSTRY STRUCTURE  159
General 159
Industry Composition  160
Market Share 163
Product Development & Manufacturing 167
Marketing & Distribution  169
Cooperative Agreements  172
Financial Issues  174
Mergers, Acquisitions, & Industry Restructuring 176
Company Profiles  180
ABB Limited 181
Advanced Green Components, see Timken
Altra Industrial Motion Incorporated 184
American Roller Bearing Company 187
AMSTED Industries Incorporated 188
Baldor Electric, see ABB
Barden, see Schaeffler Group
Bearing Inspection, see Timken
Bosch (Robert) GmbH  190
Boston Gear, see Altra Industrial Motion
C&U Group Company Limited  192
CoLinx, see Schaeffler Group, SKF, and Timken
Consolidated Metco, see AMSTED Industries
Cooper Split Roller Bearings, see Kaydon
Danaher Corporation  195
Delta Rubber, see NN
Emerson Electric Company  197
EnPro Industries Incorporated 201
Federal-Mogul Corporation  205
Frantz Manufacturing Company  208
General Bearing, see SKF
GGB Bearing Technology, see EnPro Industries
GKN plc 210
Hephaestus Holdings, see HHI Group Holdings
HHI Group Holdings LLC  212
Hoover Precision Products, see Tsubaki Nakashima
Hub City, see Regal Beloit
Iljin Group 213
Industrial Molding, see NN
Industrial Tectonics, see Kaydon
JTEKT Corporation  216

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