US Bearing Industry Presentation - PowerPoint PPT Presentation


Title: US Bearing Industry Presentation


1
ABMA Fall Meeting October 11, 2007
US Bearing Industry Presentation
2
The Freedonia Group
Business Intelligence and Strategic Market
Analysis for Todays Global Business Leaders
Industry Studies n Custom Research n Focus Reports
3
The Freedonia Group Mission
  • The Freedonia Groups mission is to research and
    deliver unbiased views, reliable outlooks, market
    insight and forecasts to global business and
    industry decision-makers who seek to
  • identify business opportunities
  • develop strategies
  • evaluate threats and opportunities
  • make investment decisions for growth

4
Industries Covered by Freedonia Group Research
  • Packaging
  • Industrial Components Equipment
  • Automotive
  • Security Electronics
  • Paper Textiles
  • Life Sciences
  • Chemicals
  • Plastics
  • Construction Building Materials
  • Energy
  • Coatings Adhesives
  • Polymers

5
(No Transcript)
6
(No Transcript)
7
(No Transcript)
8
(No Transcript)
9
(No Transcript)
10
(No Transcript)
11
The Freedonia Difference
  • Research Tenets
  • Team Approach
  • Sources of Data

12
Research Tenets
Quality Research Demands Expertise
  • Freedonia has an in-house team of professional
    analysts and economists
  • The team creates order out of chaos
  • Reconciles many conflicting sources of data
  • Distills massive quantities of information froma
    variety of sources into meaningful trends
  • Maintains an independent and unbiased view
  • Validates data and conclusions on multiple levels
  • Data Sources
  • Government
  • SEC Filings
  • Annual Reports
  • Trade Associations
  • Key Trade Journals
  • Industry Participants
  • Freedonia Consensus Economic Forecasts

13
Team Approach
14
Team Approach (continued)
The Research Process
  • Identify and develop key indicators from
  • Government sources
  • Freedonia consensus forecasts
  • Develop initial numbers for size of market,
    market share, growth rates, etc.
  • Interview various industry participants for
  • Trends, number validation, products
  • Triangulate and validate numbers for
    reasonableness and accuracy

15
Off-the-Shelf Industry Study
  • Study Composition
  • Market Environment
  • Products
  • Markets
  • Industry Structure
  • World Markets

16
Three Distinct Research Delivery Options
Freedonia Research
  • Industry Studies
  • US-China-World
  • Custom Research
  • Specific to Your Needs
  • Focus Reports
  • Online Access/Subscription-based

17
US Bearing Industry Study
18
US Bearing Industry Study
Study Objectives
  • Estimate the overall size of the US bearing
    industry and market
  • In 2006 (the study base year)
  • Historically (1996 and 2001)
  • Identify key drivers and restraints on US bearing
    production and market growth
  • Develop 2011 and 2016 forecasts for
  • Industry shipments
  • Foreign trade (imports and exports)
  • Product demand
  • Identify and profile key industry players
  • Estimate share of the US bearing market held by
    the largest producers in 2006

19
US Bearing Industry Study
Whats Covered
  • Unmounted rolling-element bearings
  • Ball
  • Roller
  • Unmounted plain bearings
  • Automotive
  • Aerospace
  • Other
  • Mounted bearings
  • Ball
  • Roller
  • Plain
  • Bearing parts
  • Balls
  • Rollers
  • Other ball and roller parts
  • Plain bearing parts

20
US Bearing Industry Study
Whats Not
  • Flexure (or flexural) bearings
  • Fluid (or fluid film) bearings
  • Gas and hydrostatic bearings
  • Hydrodynamic (or fluid dynamic) bearings
  • Although pressure-oiled journal bearings are
    arguably a type of fluid bearing because the
    bearing hydroplanes on a layer of oil during
    normal operation, they are considered to be a
    type of plain bearing for the purposes of this
    study
  • Magnetic bearings
  • Jewel and other alternative bearing technologies

21
US Bearing Industry Study
Key Information Sources
  • American Bearing Manufacturers Association
  • Quarterly Industry Statistics
  • Annual Bearings Market Survey Sales by Market
    and Product Type
  • Interviews with executives at member companies
  • US Department of Commerce
  • Antifriction Bearings Current Industrial Report
  • Annual Survey of Manufactures and quinquennial
    Economic Census
  • Foreign trade statistics
  • Input-Output data
  • US Department of Defense
  • Procurement Awards by Federal Supply
    Classification reports
  • US International Trade Commission
  • Antidumping duty order reviews for ball,
    spherical plain and tapered roller bearings
  • Company financial reports
  • Annual Reports
  • SEC filings
  • Internal information resources
  • World Bearings Automotive Aftermarket in North
    America studies
  • Consensus Economic Forecasts

22
US Bearing Industry Study
Data Issues and Challenges
  • Inconsistencies between different data sources
  • Antifriction Bearings Current Industrial Report
    versus Annual Survey of Manufactures/Economic
    Census
  • US Department of Defense Procurement Awards
    reports versus Input-Output data
  • Classification issues

23
US Bearing Industry Study
  • How would you classify this product?
  • Ball bearing
  • Roller bearing

SKF slewing bearing
24
US Bearing Industry Study
Data Issues and Challenges
  • Inconsistencies between different data sources
  • Antifriction Bearings Current Industrial Report
    versus Annual Survey of Manufactures/Economic
    Census
  • US Department of Defense Procurement Awards
    reports versus Input-Output data
  • Classification issues
  • Data reporting errors
  • Survey sampling errors
  • Data entry and analysis errors

25
US Bearing Industry Study
Key Study Findings
26
US Bearing Industry Study
US Bearing Industry Size, 2006
Shipments by Type (8,440 million)
27
US Bearing Industry Study
US Bearing Industry Growth, 1996-2006
Shipments (Millions of Dollars)
28
US Bearing Industry Study
US Bearing Industry Growth, 1996-2006
Shipments by Destination (Millions of Dollars)
29
US Bearing Industry Study
US Bearing Market Size, 2006
Industry shipments 8,440 million - Exports
2,140 million Imports 2,620
million Domestic demand 8,920 million
30
US Bearing Industry Study
US Bearing Market Size, 2006
Demand by Type (8,920 million)
31
US Bearing Industry Study
US Bearing Market Growth, 1996-2006
Demand (Millions of Dollars)
32
US Bearing Industry Study
Major Bearing Markets, 2006
Demand by Market (8,920 million)
33
US Bearing Industry Study
Sales Growth by Major Market, 1996-2006
Demand (Millions of Dollars)
34
US Bearing Industry Study
Dollars of Bearings Consumed Per Motor Vehicle
Produced, 1996-2006
35
US Bearing Industry Study
Key Drivers and Restraints on US Bearing
Production Growth
  • Domestic sales environment, including
  • Output of motor vehicles, industrial machinery
    and other bearing-containing original equipment
    products
  • Residential and nonresidential fixed investment
    spending, impacting both OEM and MRO bearing
    demand
  • Foreign trade environment, affecting both imports
    and sales of US-made bearings in export markets,
    which is influenced by such factors as
  • Currency exchange rates
  • Tariffs and other trade barriers
  • Investment in bearing RD and new manufacturing
    facilities and equipment, which can affect
  • Relative quality and performance of US-made
    bearings
  • Domestic industry capacity and productivity
  • Average product price

36
US Bearing Industry Study
Projected Growth in US Bearing Shipments
Average Annual Percent Change
Tapered Roller
Other Roller
Ball
Plain
Mounted
Parts
OVERALL
37
US Bearing Industry Study
Projected Growth in US Bearing Shipments
Additional Bearing Shipments 2011 Versus 2006
(1,410 million)
Millions of Dollars
38
US Bearing Industry Study
Key Drivers and Restraints on US Bearing Market
Growth
  • Domestic output of motor vehicles, industrial
    machinery and other bearing-containing original
    equipment products
  • Number of motor vehicles, industrial machines and
    other bearing-containing products in use, which
    is impacted by residential and nonresidential
    fixed investment spending
  • Improvements in the quality and performance of
    bearing products, with
  • Increased demand for higher value added products
    helping boost overall dollar sales
  • Longer average bearing life dampening aftermarket
    product demand
  • Competition from alternative bearing technologies
    such as flexure, fluid, jewel and magnetic
    bearings

39
US Bearing Industry Study
Projected Growth in US Bearing Demand
Average Annual Percent Change
Tapered Roller
Other Roller
Ball
Plain
Mounted
Parts
OVERALL
40
US Bearing Industry Study
Projected Growth in US Bearing Demand
Additional Bearing Demand 2011 Versus 2006
(1,480 million)
Millions of Dollars
41
US Bearing Industry Study
Projected Growth in US Bearing Demand
Average Annual Percent Change
42
US Bearing Industry Study
Markets With Above-Average Growth Prospects
Through 2011
  • Aerospace equipment
  • Nonaerospace, nonautomotive engines
  • Light vehicles
  • Turbines
  • Mining and oilfield machinery
  • Construction machinery
  • Industrial trucks and tractors
  • Nonautomotive transportation equipment repair

43
US Bearing Industry Study
Forecast Summary
  • Growth in US bearing industry shipments and
    product demand will slow modestly through 2011
  • US bearing shipments will keep pace with
    increases in domestic demand, stimulated by
  • Generally healthy US market conditions
  • Rising bearing demand in a number of export
    markets
  • Growth in US bearing demand will be fueled by
  • Largely favorable economic conditions
  • An acceleration in aerospace equipment output
    growth and an upturn in motor vehicle production
  • A pickup in nonresidential fixed investment,
    bolstering demand for bearings used in both OEM
    and MRO applications

44
Read More About It
Bearings (Industry Study 2207) A 263-page
analysis of the US ball, roller and plain bearing
industry and market, with forecasts to 2016
World Bearings (Industry Study 2081) A 337-page
analysis of the world ball and roller bearing
industry and market, with forecasts to 2015
45
The Freedonia Group
Business Intelligence and Strategic Market
Analysis for Todays Global Business Leaders
View by Category
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US Bearing Industry Presentation

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Hydrodynamic (or fluid dynamic) bearings ... Annual Bearings Market Survey Sales by Market and Product Type ... Antifriction Bearings Current Industrial Report ... – PowerPoint PPT presentation

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Title: US Bearing Industry Presentation


1
ABMA Fall Meeting October 11, 2007
US Bearing Industry Presentation
2
The Freedonia Group
Business Intelligence and Strategic Market
Analysis for Todays Global Business Leaders
Industry Studies n Custom Research n Focus Reports
3
The Freedonia Group Mission
  • The Freedonia Groups mission is to research and
    deliver unbiased views, reliable outlooks, market
    insight and forecasts to global business and
    industry decision-makers who seek to
  • identify business opportunities
  • develop strategies
  • evaluate threats and opportunities
  • make investment decisions for growth

4
Industries Covered by Freedonia Group Research
  • Packaging
  • Industrial Components Equipment
  • Automotive
  • Security Electronics
  • Paper Textiles
  • Life Sciences
  • Chemicals
  • Plastics
  • Construction Building Materials
  • Energy
  • Coatings Adhesives
  • Polymers

5
(No Transcript)
6
(No Transcript)
7
(No Transcript)
8
(No Transcript)
9
(No Transcript)
10
(No Transcript)
11
The Freedonia Difference
  • Research Tenets
  • Team Approach
  • Sources of Data

12
Research Tenets
Quality Research Demands Expertise
  • Freedonia has an in-house team of professional
    analysts and economists
  • The team creates order out of chaos
  • Reconciles many conflicting sources of data
  • Distills massive quantities of information froma
    variety of sources into meaningful trends
  • Maintains an independent and unbiased view
  • Validates data and conclusions on multiple levels
  • Data Sources
  • Government
  • SEC Filings
  • Annual Reports
  • Trade Associations
  • Key Trade Journals
  • Industry Participants
  • Freedonia Consensus Economic Forecasts

13
Team Approach
14
Team Approach (continued)
The Research Process
  • Identify and develop key indicators from
  • Government sources
  • Freedonia consensus forecasts
  • Develop initial numbers for size of market,
    market share, growth rates, etc.
  • Interview various industry participants for
  • Trends, number validation, products
  • Triangulate and validate numbers for
    reasonableness and accuracy

15
Off-the-Shelf Industry Study
  • Study Composition
  • Market Environment
  • Products
  • Markets
  • Industry Structure
  • World Markets

16
Three Distinct Research Delivery Options
Freedonia Research
  • Industry Studies
  • US-China-World
  • Custom Research
  • Specific to Your Needs
  • Focus Reports
  • Online Access/Subscription-based

17
US Bearing Industry Study
18
US Bearing Industry Study
Study Objectives
  • Estimate the overall size of the US bearing
    industry and market
  • In 2006 (the study base year)
  • Historically (1996 and 2001)
  • Identify key drivers and restraints on US bearing
    production and market growth
  • Develop 2011 and 2016 forecasts for
  • Industry shipments
  • Foreign trade (imports and exports)
  • Product demand
  • Identify and profile key industry players
  • Estimate share of the US bearing market held by
    the largest producers in 2006

19
US Bearing Industry Study
Whats Covered
  • Unmounted rolling-element bearings
  • Ball
  • Roller
  • Unmounted plain bearings
  • Automotive
  • Aerospace
  • Other
  • Mounted bearings
  • Ball
  • Roller
  • Plain
  • Bearing parts
  • Balls
  • Rollers
  • Other ball and roller parts
  • Plain bearing parts

20
US Bearing Industry Study
Whats Not
  • Flexure (or flexural) bearings
  • Fluid (or fluid film) bearings
  • Gas and hydrostatic bearings
  • Hydrodynamic (or fluid dynamic) bearings
  • Although pressure-oiled journal bearings are
    arguably a type of fluid bearing because the
    bearing hydroplanes on a layer of oil during
    normal operation, they are considered to be a
    type of plain bearing for the purposes of this
    study
  • Magnetic bearings
  • Jewel and other alternative bearing technologies

21
US Bearing Industry Study
Key Information Sources
  • American Bearing Manufacturers Association
  • Quarterly Industry Statistics
  • Annual Bearings Market Survey Sales by Market
    and Product Type
  • Interviews with executives at member companies
  • US Department of Commerce
  • Antifriction Bearings Current Industrial Report
  • Annual Survey of Manufactures and quinquennial
    Economic Census
  • Foreign trade statistics
  • Input-Output data
  • US Department of Defense
  • Procurement Awards by Federal Supply
    Classification reports
  • US International Trade Commission
  • Antidumping duty order reviews for ball,
    spherical plain and tapered roller bearings
  • Company financial reports
  • Annual Reports
  • SEC filings
  • Internal information resources
  • World Bearings Automotive Aftermarket in North
    America studies
  • Consensus Economic Forecasts

22
US Bearing Industry Study
Data Issues and Challenges
  • Inconsistencies between different data sources
  • Antifriction Bearings Current Industrial Report
    versus Annual Survey of Manufactures/Economic
    Census
  • US Department of Defense Procurement Awards
    reports versus Input-Output data
  • Classification issues

23
US Bearing Industry Study
  • How would you classify this product?
  • Ball bearing
  • Roller bearing

SKF slewing bearing
24
US Bearing Industry Study
Data Issues and Challenges
  • Inconsistencies between different data sources
  • Antifriction Bearings Current Industrial Report
    versus Annual Survey of Manufactures/Economic
    Census
  • US Department of Defense Procurement Awards
    reports versus Input-Output data
  • Classification issues
  • Data reporting errors
  • Survey sampling errors
  • Data entry and analysis errors

25
US Bearing Industry Study
Key Study Findings
26
US Bearing Industry Study
US Bearing Industry Size, 2006
Shipments by Type (8,440 million)
27
US Bearing Industry Study
US Bearing Industry Growth, 1996-2006
Shipments (Millions of Dollars)
28
US Bearing Industry Study
US Bearing Industry Growth, 1996-2006
Shipments by Destination (Millions of Dollars)
29
US Bearing Industry Study
US Bearing Market Size, 2006
Industry shipments 8,440 million - Exports
2,140 million Imports 2,620
million Domestic demand 8,920 million
30
US Bearing Industry Study
US Bearing Market Size, 2006
Demand by Type (8,920 million)
31
US Bearing Industry Study
US Bearing Market Growth, 1996-2006
Demand (Millions of Dollars)
32
US Bearing Industry Study
Major Bearing Markets, 2006
Demand by Market (8,920 million)
33
US Bearing Industry Study
Sales Growth by Major Market, 1996-2006
Demand (Millions of Dollars)
34
US Bearing Industry Study
Dollars of Bearings Consumed Per Motor Vehicle
Produced, 1996-2006
35
US Bearing Industry Study
Key Drivers and Restraints on US Bearing
Production Growth
  • Domestic sales environment, including
  • Output of motor vehicles, industrial machinery
    and other bearing-containing original equipment
    products
  • Residential and nonresidential fixed investment
    spending, impacting both OEM and MRO bearing
    demand
  • Foreign trade environment, affecting both imports
    and sales of US-made bearings in export markets,
    which is influenced by such factors as
  • Currency exchange rates
  • Tariffs and other trade barriers
  • Investment in bearing RD and new manufacturing
    facilities and equipment, which can affect
  • Relative quality and performance of US-made
    bearings
  • Domestic industry capacity and productivity
  • Average product price

36
US Bearing Industry Study
Projected Growth in US Bearing Shipments
Average Annual Percent Change
Tapered Roller
Other Roller
Ball
Plain
Mounted
Parts
OVERALL
37
US Bearing Industry Study
Projected Growth in US Bearing Shipments
Additional Bearing Shipments 2011 Versus 2006
(1,410 million)
Millions of Dollars
38
US Bearing Industry Study
Key Drivers and Restraints on US Bearing Market
Growth
  • Domestic output of motor vehicles, industrial
    machinery and other bearing-containing original
    equipment products
  • Number of motor vehicles, industrial machines and
    other bearing-containing products in use, which
    is impacted by residential and nonresidential
    fixed investment spending
  • Improvements in the quality and performance of
    bearing products, with
  • Increased demand for higher value added products
    helping boost overall dollar sales
  • Longer average bearing life dampening aftermarket
    product demand
  • Competition from alternative bearing technologies
    such as flexure, fluid, jewel and magnetic
    bearings

39
US Bearing Industry Study
Projected Growth in US Bearing Demand
Average Annual Percent Change
Tapered Roller
Other Roller
Ball
Plain
Mounted
Parts
OVERALL
40
US Bearing Industry Study
Projected Growth in US Bearing Demand
Additional Bearing Demand 2011 Versus 2006
(1,480 million)
Millions of Dollars
41
US Bearing Industry Study
Projected Growth in US Bearing Demand
Average Annual Percent Change
42
US Bearing Industry Study
Markets With Above-Average Growth Prospects
Through 2011
  • Aerospace equipment
  • Nonaerospace, nonautomotive engines
  • Light vehicles
  • Turbines
  • Mining and oilfield machinery
  • Construction machinery
  • Industrial trucks and tractors
  • Nonautomotive transportation equipment repair

43
US Bearing Industry Study
Forecast Summary
  • Growth in US bearing industry shipments and
    product demand will slow modestly through 2011
  • US bearing shipments will keep pace with
    increases in domestic demand, stimulated by
  • Generally healthy US market conditions
  • Rising bearing demand in a number of export
    markets
  • Growth in US bearing demand will be fueled by
  • Largely favorable economic conditions
  • An acceleration in aerospace equipment output
    growth and an upturn in motor vehicle production
  • A pickup in nonresidential fixed investment,
    bolstering demand for bearings used in both OEM
    and MRO applications

44
Read More About It
Bearings (Industry Study 2207) A 263-page
analysis of the US ball, roller and plain bearing
industry and market, with forecasts to 2016
World Bearings (Industry Study 2081) A 337-page
analysis of the world ball and roller bearing
industry and market, with forecasts to 2015
45
The Freedonia Group
Business Intelligence and Strategic Market
Analysis for Todays Global Business Leaders
About PowerShow.com