Keyword: Japan's Bearing Industry, Bearing Technology, Prospects
As bearings reduce the energy loss caused by friction in the rotary motion section of machinery, they help to save energy and protect the global environment. Here we look at the challenges and prospects for the bearing industry, including the development as eco-friendly product toward economic recovery.
Keyword: China Bearing Industry, 2011 Bearing Market, Forcast to 2012
Overview According to the statistics supplied by China Bearing Industry Association after their research on the key bearing enterprises, the total sales value of China’s bearing industry in 2011 reached 142 billion Yuan, up 12.7% over the same period of the previous year, while the total output was 18 billion sets, demonstrating a 20% year-on-year increase. The annual export volume was 4.9 billion sets, earning 4.5 billion US dollars, increasing by 18.2% and 36.6% respectively compared with last year. The total import was 1.88 million sets, valued 4.17 billion US dollars, up 4.6% and 9.4% respectively. The trade surplus is 330 million US dollars.
Keyword: US Bearing Market, Forecast
Bearing demand in the US (including plain bearings) is projected to expand 3.0 percent per year through 2013 to $10.6 billion. The primary factors supporting advances will be a rebound in motor vehicle production levels and continued, albeit moderating, growth in aerospace equipment and machinery shipments. In addition, as the wind energy market continues to grow, suppliers will benefit from sales of high-value, large diameter wind turbine bearings.
Keyword: UK Market Review, Market Forecast
Market Forecast 2012-2015: A year-on-year growth in UK apparent consumption of bearings between 2012 and 2015 is anticipated, although annual growth rates are projected to remain moderate at between 1% and 2% in real terms. In 2015, sales of bearings are estimated to reach £351.9 million (at 2010 prices), equivalent to a cumulative 11% increase compared with the current year.
Keyword: Bearing Demand, Global Trend, Forecast to 2014
Global demand for ball, roller and plain bearings is expected to increase 8.5 percent per year through 2014 to $76 billion. Market gains will be supported by ongoing economic growth and improved fixed investment environments in many of the world’s developed countries. In addition, manufacturing output and motor vehicle production will both improve from the performance registered during the 2004-2009 period, as countries around the world rebound from the economic downturn of 2009. Advances in aftermarket sales will be restrained to some degree as improved product designs, better-quality materials and better lubricants lead to longer lasting bearing products. This trend will be counterbalanced by growing demand for more expensive, technologically advanced bearing products, such as custom manufactured, large-diameter bearings used in wind turbines.