NEW YORK, the world bearing demand to 2016 will be 8.0 percent annual growth rate of development, when the global bearing demand will increase to $ 95 billion. Among them, is not installed ball bearings and roller bearings 2016, total sales will reach $ 71 billion, accounting for 75% of the bearing of total sales in 2016. Is not installed on the sliding bearing global sales in 2016 will rise to $ 11 billion, pillow block bearing, bearing parts, and combination-type bearing in 2016, total demand will reach $ 13 billion. Mature bearing market (such as Western Europe, Japan and North America), demand growth will rebound in locomotive production, as well as a healthy and stable investment environment driven. In the bearing market in developing countries, bearing sales growth will be rapid growth in durable goods manufacturing, and customer to improve the average spending power driven.
It is understood that the bearing demand in Western Europe, Japan and the United States (the largest bearing market) in 2011-2016 will exceed the historical growth rate. Many of these countries the level of manufacturing activity plummeted between 2006 and 2011 (especially in the automotive production), causing an adverse impact on bearing sales.
Recovery of the manufacturing sector makes its bearing demand w
ill be far higher than the bearing demand from 2001 to 2011. In addition, the good prospects for developing regions, industrial products and a variety of durable goods export market will help to quickly accelerate the sales of bearings.
It is reported that the motor vehicle and machinery markets accounted for more than 70% of 2011 global bearing demand. Although these two markets in 2016 still holds the largest market share, aerospace and other applications bearing sales will accelerate the pace of growth, which reduces the overall share of sales of motor vehicles and machinery bearing supplier. Sales of all these markets will be driven by the moderate income of developing countries, aircraft, railway equipment, motorcycles, greater output of electronic equipment and medical equipment as well as other parts of the world of similar products.
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