Bearings demand to reach $10.6 billion US by 2013

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Tuesday, October 13, 2009 at 02:06PM

A new report from The Freedonia Group, a Cleveland-based international business research company, projects that the demand for bearings in the US will grow 3 percent per year through 2013, to $10.6 billion US. Sales of both mounted and unmounted ball and roller bearings will outstrip plain bearings, reaching $8.5 billion US in 2013. The strongest market gains will be for roller bearings, as motor vehicle production, especially of heavy trucks, recovers. Sales of large-diameter bearings will grow to keep pace with expanding wind energy applications such as wind turbines, and for other heavy machinery.

Mounted bearings will perform strongly as well, spurred by original equipment manufacturers (OEM) wanting to reduce maintenance requirements. OEM bearing applications currently account for 78 percent of all demand and sales will remain strong in the automotive and engine, turbine and power transmission manufacturing markets.

MRO bearing demand will be boosted by growing maintenance expenditures for aerospace equipment and construction machiners, according to the report.

* SPECIAL MANUFACTURING,

Bearings |

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