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Bearings Procurement Research Report | Published: Oct 2015

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 Procurement Research Reports cover thousands of indirect purchasing lines. Our data and analysis help you strategically engage and negotiate with suppliers and give you the credibility to work with internal stakeholders and executives. IBISWorld’s Bearings procurement research provides price trends and forecasts, supplier benchmarks and negotiation questions all intended to give your company leverage during the sourcing process.

Report Snapshot
Price Forecast & Benchmarking
Benchmark Price
Benchmark Price
Price Change 12-15
IBISWorld Buyer
Power Score
Profit Benchmark
Profit Benchmark
Price Change 15-18
Price Change
Bearings - Recent Price Trend

In the three years to 2015, the average price for bearings has been rising at an estimated annualized rate of 0.7% due primarily to growing demand from the industrial sector.The surge in US oil and natural gas production has increased demand for bearings used in machines and equipment that assist in the drilling, extraction, refining, transportation and storage of oil and gas. Furthermore,... purchase to read more

Bearings - Total Cost of Ownership

The total cost of ownership for industrial bearings is low because there are no hidden costs associated with owning 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 if it is frequently used or up to 20 years for infrequent use. Additionally, bearings... purchase to read more


About This ReportRelated ReportsTable of Contents

This report is intended to assist buyers of bearings for industrial use. Bearings, which are typically composed of balls or rollers, are machine components that constrain motion between moving parts, facilitating a specific type of 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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