2016 global bearing demand will reach 95 billion US dollars

Global bearing demand is expected to grow at a rate of 7.8% per year and reach $95 billion by 2016.

Among them, the total sales of unmounted ball bearings and roller bearings in 2016 will reach US$71 billion, accounting for 75% of the total sales of bearings in 2016. Unmounted sliding bearings The global sales in 2016 will increase to US$12 billion, while the total demand for bearing with bearings, bearing parts and combination bearings in 2016 will reach US$13 billion. Among them, the demand growth of the mature bearing market (such as Western Europe, Japan and North America) will be driven by the rebounding locomotive production and the healthy and stable investment environment. In countries where the bearing market is developing, the growth in bearing sales will be driven by the fast-growing durable goods manufacturing industry and the improved average spending power of customers.

It is reported that the motor vehicle and machinery market accounted for more than 70% of the global demand for bearings in 2011. Although these two markets will still have the largest market share in 2016, bearing sales of aerospace and other applications will accelerate the pace of growth, which will reduce the overall sales share of motor vehicle and mechanical bearing suppliers. Sales in all these markets will be driven by the greater export of aircraft, railway equipment, motorcycles, electronic equipment and medical equipment in developing countries and the demand for similar products in other parts of the world.

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