Ball Bearing Manufacturing in Canada Industry Market Research Report Now Available from IBISWorld
Resource from: PRWEB Likes:235
Jul 22,2014
New York, NY (PRWEB) July 19, 2014
This industry manufactures ball and roller bearings that reduce friction and control motion between two or more rotating parts. Bearings are needed for the manufacture of vehicles in the transportation, defense and aerospace sectors and for the manufacture of other equipment with rotating parts. Therefore, the industry depends on demand from a variety of transport and manufacturing markets, with foreign markets generating nearly half of the average operator's revenue. Revenue is also responsive to the price of steel, which is a key input into bearings and influences the price operators charge for their products. In the five years to 2014, moderate demand for bearings and volatile steel prices have induced revenue growth at an estimated 1.8% per year on average. This includes a forecast decline of 1.6% in 2014 due to falling steel prices, bringing total revenue to $566.3 million.
The Ball Bearing industry is heavily consolidated, comprising only about 19 companies and 22 production facilities. The production facilities are very large, generating $25.7 million annually on average and exporting extensively to the United States and other countries. Revenue from exports is key to industry performance since the Canadian market for bearings is heavily penetrated by imports. According to IBISWorld Industry Analyst Amal Ahmad, “The level of globalization in this industry is high, owing to the significance of imports and exports, but also to the ownership structure of major companies.” The four largest companies with domestic bearing manufacturing facilities are, in order by size, German, Japanese, American and Swedish. Global operators are able to use economies of scale in procurement, production and sales to contain costs, remain competitive and maintain relatively high profit margins.
In the five years to 2019, import penetration and increasing competition for key export markets are likely to constrain revenue growth further.
IBISWorld expects revenue to increase moderately over the period. “The declining contribution of this industry to economic output signifies its entry into decline,” says Ahmad. Still, consolidation and globalization among the industry's top players are expected to keep profit high in the short term.
For more information, visit IBISWorld’s Ball Bearing Manufacturing in Canada industry report page.
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IBISWorld industry Report Key Topics
The Ball Bearing Manufacturing industry manufactures ball bearings and roller bearings, which are small machines that constrain motion and reduce friction between moving parts of vehicles and other equipment. Major markets include the transportation, defense, space and energy sectors. This industry does not manufacture plain (nonball and nonroller) bearings.
Industry Performance
Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle
Products & Markets
Supply Chain
Products & Services
Major Markets
Globalization & Trade
Business Locations
Competitive Landscape
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Barriers to Entry
Major Companies
Operating Conditions
Capital Intensity
Key Statistics
Industry Data
Annual Change
Key Ratios
About IBISWorld Inc.
Recognized as the nation’s most trusted independent source of industry and market research, IBISWorld offers a comprehensive database of unique information and analysis on every US and Canadian industry. With an extensive online portfolio, valued for its depth and scope, the company equips clients with the insight necessary to make better business decisions. Headquartered in Los Angeles, IBISWorld serves a range of business, professional service and government organizations through more than 10 locations worldwide. For more information, visit http://www.ibisworld.com or call 1-800-330-3772.
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1.The news above mentioned with detailed source are from internet.We are trying our best to assure they are accurate ,timely and safe so as to let bearing users and sellers read more related info.However, it doesn't mean we agree with any point of view referred in above contents and we are not responsible for the authenticity. If you want to publish the news,please note the source and you will be legally responsible for the news published.
2.All news edited and translated by us are specially noted the source"CBCC".
3.For investors,please be cautious for all news.We don't bear any damage brought by late and inaccurate news.
4.If the news we published involves copyright of yours,just let us know.
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