PRESS RELEASES 9/21/2011 2:00:00 PM | Business Wire News

DUBLIN
Research and Markets (http://www.researchandmarkets.com/research/f44a17/us_bearings_market) has announced the addition of the "US Bearings Market" report to their offering.
The bearings market in the US was facing a slowdown for almost half a decade and encountered a loss of a massive $7.6 billion in revenues. However, the market now is projected to expand 3% annually through 2015.
Gains will be supported in part by sales of high-value, large diameter bearings used in wind energy and heavy equipment markets. Ball and roller bearings will outpace plain bearings, with roller bearings posting the strongest market gains. Major end-user industries such as automotive, consumer, agricultural, construction equipment, and steel and paper would continue to shape the fortunes of the bearings sector.
Industrial machinery continues to dominate bearings demand on the strength of recovery in global capital expenditure, and growing output of industrial products that use bearings. Demand for mounted bearings and bearing parts will also outperform overall bearing demand.
Biggest players in the industry are NTN Bearing Corporation of America, SKF Group, Koyo Bearings USA, The Timkin Company, ASB Bearings, Schaeffler Technologies and Minebea.
Companies differentiate products through certain mechanisms, such as intelligent products with sensors, customized products, and value-added systems with high service. Bearing companies have reduced their capital intensity by decreasing vertical integration, increasing outsourcing, and improving just-in-time manufacturing. Sales of bearing parts will be driven by increases in the number of bearing containing products (aircraft, automobiles, industrial equipment, etc.) in use and by demand for the improved performance associated with more advanced parts.
Demand for bearings in wind turbines has been witnessing significant growth over the recent years and the trend is projected to continue further in the years to follow. Increasing concerns over global warming have compelled many governments worldwide to seek alternative clean sources for generating energy, and towards this end, wind energy is fast gathering popularity. MRO bearing demand will be bolstered by continued increases in government spending and by a rebound in residential construction expenditures.
In this industry scenario, Taiyou Research analyzes the US Bearings Market. The report covers the following:
A statistical analysis of the US bearings industry.
Analysis of the demand for bearings segmented according to products. Segments analyzed include ball bearings, plain bearings, roller bearings, and other bearings and bearing parts.
Industry trends, import/export scenario, technological developments in the industry, materials used for the manufacturing of bearings, and the industry structure are analyzed.
Markets analyzed in this research report include the market for maintenance/repair/operations (MRO), and the original equipment manufacturing market. The OEM market is further segmented into motor vehicle OEM markets and other OEM markets.
Major players are analyzed in this report through a company overview, analysis of business segments, presence in the market, and a SWOT analysis.
Industry forecast for the US bearings market includes a forecast for all the products as well as each market that utilizes bearings.
Key Topics Covered:
1. Executive Summary
2. Bearings 101
3. US Bearings Market
4. Market Segmentation
5. Technological Developments in the Industry
6. Industry Trends & Industry Structure
7. Major Industry Players
8. Industry Forecast
Companies Mentioned:
Schaeffler Technologies
SKF AB
The Timken Company
ABB Ltd.
Emerson Electric
Federal-Mogul Corporation
Minebea Co., Ltd.
NSK Ltd.
NTN Corporation
General Bearing Corporation
JTEKT Corporation
Kaydon Corporation
RBC Bearings Incorporated

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