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Bearings Procurement Research Report | Published: Jun 2014

Helping businesses make better purchasing decisions, faster

Bearings: Procurement Research Report Highlights

Benchmark Price RFP/RFQ/Negotiation Questions
3-year Price Forecast Supply Chain Analysis
Supplier Intelligence Sample Buyer Decision Scorecard
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IBISWorld’s Bearings procurement research is intended to help you save time and money in the initial research stages of the buying process. Our data and analysis explain the characteristics, pricing dynamics, supply chain risks and negotiation tactics of Bearings to help your company negotiate strategically with suppliers. Our report insights also give your company the credibility to work with internal stakeholders and executives to better manage the sourcing process.

Report Snapshot
Price Forecast & Benchmarking
Benchmark Price
Benchmark Price
Price Change 11-14
IBISWorld Buyer
Power Score
X.X
Profit Benchmark
Profit Benchmark
Price Change 14-17
Price Change
Bearings - Recent Price Trend

In the three years to 2014, the average price for bearings has been rising at an estimated annualized rate of 1.4%. Bearing prices have been increasing due to growing demand from the industrial sector.The surge in US oil and natural gas production has increased the need for bearings used in machines and equipment that assist in the drilling, extraction, refining, transportation and storage of oil... purchase to read more

Bearings - Total Cost of Ownership

The total cost of ownership for industrial bearings is low. In the case of owning bearings, there are no hidden costs associated with this product. Bearings are typically made out of strong and durable materials that make them resistant to corrosion and damage. The average expected lifespan of a bearing is about two to five years for frequent levels of use, and up to 20 years for infrequent use... purchase to read more

 


About This ReportRelated ReportsTable of Contents

This report is intended to assist buyers of bearings for industrial use. Typically composed of balls or rollers, bearings are machine components that constrain motion between moving parts, facilitating a specific movement and minimizing friction to improve efficiency. Varieties of bearings include flanged, radial and wheel bearings, among others. This report does not include wheels or pivots.Suppliers include manufacturers and distributors. 



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