U.S. Bearings Market to Reach $10.4bn value by 2011

Resource from: CBCC Likes:2956

Jul 03,2007

U.S. Bearings Market to Reach $10.4bn value by 2011 Ball, roller and plain bearing demand in the US is forecast to rise 3.1% per annum until 2011, then reaching a value of $10.4 billion. The forecast comes from a Freedonia Group, Inc. study which says bearings suppliers will benefit from largely favourable economic conditions, with an upturn in motor vehicle production and aerospace equipment output growth driving demand. Market gains will be constrained by a deceleration in the U.S.’ overall durable goods output as US companies continue to move manufacturing operations offshore. Significant increases in average bearing life, attributable to the use of improved product designs, better-quality materials and better lubricants, will also dampen growth in aftermarket sales. However, a shift in the product mix toward more expensive, better performing products will provide a counterbalance. The strongest market gains through 2011 will be posted by un-mounted plain bearings, benefitting from renewed strength in US production of aerospace equipment and road vehicles. Demand for bearing parts and un-mounted roller bearings will climb at above-average rates, stimulated by higher production levels in industries including automotive.

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