Industry Analysis & Industry Trends
Ball bearing manufacturers have a close relationship with downstream markets, especially automotive manufacturers. With the economy poised for recovery, demand for downstream markets will rebound, bolstering demand for ball bearings. However, imports from China and other countries are making up growing portion of the domestic market's demand, limiting the industry's growth... purchase to read more
Industry Report - Starting a New Business Chapter
While there are few explicit barriers to entry, there are some factors that may deter entry. A significant financial investment is required to acquire, maintain and update plant and equipment. This cost may deter some firms from entering the industry. Operators of the machinery also need to be trained, but these costs are relatively insignificant. The rising level of unemployment in the US has eliminated some of the difficulty in obtaining a workforce with the required skills.
Research and development is necessary for product innovation. In order to effectively compete, an entrant should be committed to spending a significant amount on research and development... purchase to read more