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World Bearing Market to Grow 2.0% Annually from 2015 to 2019

Global demand for bearings is forecast to expand 2.0% p.a. between 2015 and 2019. China, Germany, Japan, South Korea and the United States are considered the highest potential markets in the coming years.


Lewes, DE -- (SBWIRE) -- 04/16/2015 -- According to recently published research conducted by a leading international market research company, Global Research & Data Services, the expansion of the global bearing industry is forecast to reach 2.0% p.a. in the coming years. Between 2008 and 2014 the market increased with an average annual growth of 5.8%. Currently, ball bearings account for 35.0% of the global demand while the remaining market share is divided between tapered roller bearings (11.4%), spherical roller bearings (5.5%), needle roller bearings (3.7%), other cylindrical roller bearings (7.8%), other bearings (3.7%), bearing housings with bearings (2.5%), bearing housings without bearings (14.0%), needles, rollers and balls for bearings (4.3%) and other parts for bearings (12.2%).

China, Germany, Japan, South Korea and the United States represent the largest bearing markets while the strongest annual growth is forecast to occur in the United States (10.1%), Bolivia (8.4%), Azerbaijan (7.5%), Singapore (4.0%) and Kyrgyzstan (3.7%).

The information is extracted from a recently published reports: Global Bearing Market Reports

Based on in-house analysis and an advanced model which takes into consideration the actual market size, trends, forecast market growth, and changes in the market environment, Global Research and Data Services calculates the Market Potential Rates, the predicted market potential of the country in the coming years. The larger the Market Potential Rate, the more potential the market has in the coming years; and conversely, the smaller the rate, the less potential the market is considered to have in the future. Based on these Market Potential Rates, the top 20 highest potential bearing markets in the coming years.

The market information is based on new industry data reports recently published by Global Research & Data Services. The reports offer the most up-to-date market data on the actual market situation, trends, and future outlook for bearings in the world and individually for the following countries:

Argentina, Armenia, Austria, Azerbaijan, Belgium, Bolivia, Bulgaria, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Greece, Hungary, India, Indonesia, Iran, Ireland, Italy, Japan, Kazakhstan, Kyrgyzstan, Latvia, Lithuania, Macedonia, Malaysia, Mexico, Moldova, Morocco, Netherlands, Norway, Pakistan, Peru, Philippines, Poland, Portugal, Romania, Singapore, Slovakia, Slovenia, South Africa, South Korea, Spain, Sweden, Thailand, Turkey, Ukraine, United Kingdom, United States, Vietnam.

The reports include historic market data from 2008 to 2014 and forecasts until 2019 which makes the reports an invaluable resource for industry executives, marketing, sales and product managers, analysts, and other people looking for key industry data in readily accessible and clearly presented tables and graphs.

The latest market data for this research include:
- Overall bearing market size, 2008-2019
- Bearing market size by product segment, 2008-2019
- Growth rates of the overall bearing market and different product segments, 2008-2019
- Shares of different product segments of the overall bearing market, 2008, 2014 and 2019
- Market Potential Rates of the overall bearing market and different product segments

The product segments discussed in the reports include:
- Ball bearings
- Tapered roller bearings
- Spherical roller bearings
- Needle roller bearings
- Other cylindrical roller bearings
- Other bearings
- Bearing housings with bearings
- Bearing housings without bearings
- Needles, rollers and balls for bearings
- Other parts for bearings

The reports help answering the following questions:
- What is the current size of the bearing market in the world and in different countries?
- How is the bearing market divided into different product segments?
- How are the overall market and different product segments growing?
- How is the market predicted to develop in the future?
- What is the market potential compared to other countries?

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