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Bearings Procurement Research Report | Published: Jul 2016

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 13-16
IBISWorld Buyer
Power Score
X.X
Profit Benchmark
Profit Benchmark
Price Change 16-19
Price Change
Bearings - Recent Price Trend

In the three years to 2016, the average price of bearings has risen at an estimated annualized rate of 0.3%. This slow price growth is due to the combination of stronger demand from the energy sector, weaker demand from defense applications and lower input costs.The widespread use of fracking and horizontal drilling techniques to extract previously untapped oil and natural gas deposits across the... 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 intended for industrial use. Bearings, which are typically comprised of balls or rollers, are machine components that constrain motion between moving parts in order to minimize friction and facilitate a specific type of movement. Varieties of bearings include flanged, radial and wheel bearings. Suppliers include manufacturers and distributors. This report does not include the procurement of wheels or pivots.



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