World Bearings

Global demand for ball, roller, and plain bearings is projected to rise 7.3 percent annually to $104.5 billion in 2018. Almost half of all additional product demand will be accounted for by China, while the US market will grow at one of the fastest rates of any developed nation, driven by an acceleration in economic growth and durable goods output.This study analyzes the $74 billion world bearings industry. It presents historical demand data for 2003, 2008 and 2013, and forecasts for 2018 and 2023 by product (e.g., ball bearings, roller bearings, plain bearings, mounted and combined ball/roller bearings), market (e.g., machinery, motor vehicles, aerospace equipment, motorcycles), world region, and for 31 countries.The study also considers market environment factors, details industry structure, evaluates company market share and profiles 35 industry players, including SKF, Schaeffler and NSK.