Rolling backwards: Low exports and metal prices will cause industry revenue to decline

The Ball Bearing Manufacturing industry's performance depends on developments in the transport and manufacturing markets, as well as on export markets that generate a large share of revenue. The industry is also influenced by metal prices, as they influence selling prices. Over the five years to 2017, slowly growing exports and relatively low metal prices have limited revenue growth. Persistent demand for roller and ball bearings promises to buoy industry revenue over the five years to 2022. In addition, slowly recovering metal prices will help operators raise their selling prices. Nonetheless, growth is likely to remain moderate because of heightened import competition...purchase to read more.

Industry Statistics & Market Size
Revenue
$8bn
Annual Growth 12-17
0.7%
Forecast Growth 17-22
Profit
Employment
23,615
Businesses
181
Market Share of Companies

Industry Threats & Opportunities

  • Operators experience intensifying competition from imports
  • The appreciating dollar has constrained export growth for industry operators
  • The level of activity in downstream markets will determine industry performance going forward
  • Industry Report - Industry Analysis Chapter

    This industry produces roller bearings and ball bearings that reduce friction and control motion between moving parts that are critical to manufacturers of automotive, light and heavy industrial machines and equipment; defense and aerospace; and off-highway vehicles. Metals, especially steel, are used primarily as raw materials and are a major purchase in the manufacturing of ball bearings. Steel prices have fallen over the past five years, devaluing inventory and lowering industry prices and revenue. Overall, industry revenue has increased only marginally at an annualized rate of 0.7% to $7.8 billion over the five years to 2017, including a forecast 1.5% rise in 2017...purchase to read more.

    Additional Insights for the Ball Bearing Manufacturing Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Ball Bearing Manufacturing Industry are

  • Having a loyal customer base
  • Access to high-quality inputs
  • Effective quality control
  • IBISWorld analysts also discuss how external factors such as Trade-weighted index and Demand from car and automobile manufacturing in the Ball Bearing Manufacturing industry impact industry performance..

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    What's in this report

    What is the Ball Bearing Manufacturing Industry?

    Operators in this industry manufacture ball bearings and roller bearings for use in transportation and industrial equipment manufacturing. Major markets include the transportation, defense, space and energy sectors. Operators do not manufacture plain (nonball and nonroller) bearings.

    Industry Products
  • Roller bearings, unmounted
  • Ball bearings, unmounted
  • Parts and components for ball and roller bearings and other
  • Mounted ball and roller bearings
  • Industry Activities
  • Manufacturing unmounted roller and ball bearings
  • Manufacturing mounted roller and ball bearings
  • Manufacturing components of roller and ball bearings (sold separately)
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Trade-weighted index
  • Demand from car and automobile manufacturing
  • Industrial production index
  • Demand from construction machinery manufacturing
  • Federal funding for defense
  • World price of steel

  • Current Performance
  • Key markets for bearings
  • Intensifying competition
  • Consolidation aids profitability
  • Chart: Revenue Growth

  • Industry Outlook
  • Industrial markets
  • Global landscape
  • Industry landscape
  • Table: Ball Bearing Manufacturing Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Ball Bearing Manufacturing Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Engine & Turbine Manufacturing
  • Computer Manufacturing
  • Major Household Appliance Manufacturing
  • Automobile Steering & Suspension Manufacturing
  • Aircraft, Engine & Parts Manufacturing
  • Train, Subway & Transit Car Manufacturing

  • Key Selling Industries
  • Electric Power Transmission
  • Iron & Steel Manufacturing
  • Metal Pipe & Tube Manufacturing

  • Products & Services
  • Roller bearings, unmounted
  • Ball bearings, unmounted
  • Parts and components for ball and roller bearings and other
  • Mounted ball and roller bearings
  • Chart: Ball Bearing Manufacturing Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Automotive and Transportation Equipment Segment
  • Export markets
  • Industrial Segment (Metals, Mining, Cement, Pulp and Paper, Energy)
  • Off-Highway and Construction Industry
  • Aerospace and Defense
  • Chart: Major Market Segmentation for the Ball Bearing Manufacturing Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    ProfitPurchasesWagesDepreciationOther
  • Chart: Cost Structure Benchmarking – Sector vs Ball Bearing Manufacturing

  • Basis of Competition
  • Internal Competition
  • Product Innovation and Customization
  • Technology
  • External Competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Ball Bearing Manufacturing Industry

  • Industry Globalization
    The Timken Company, Aktiebolaget SKF, NSK Ltd.,
  • Table: The Timken Company - financial performance
  • Table: Aktiebolaget SKF - financial performance
  • Table: NSK Ltd. - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Ball Bearing Manufacturing Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Ball Bearing Manufacturing Industry
    Includes:
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Exports (2008-2022)
  • Imports (2008-2022)
  • Wages (2008-2022)
  • World price of steel (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Table: Industry Financial Ratios
    Ball Bearing
  • A bearing that uses small metal balls to maintain the separation between the moving parts of a bearing.
  • Bearing
  • A machine that constrains motion and reduces friction between moving parts.
  • Roller Bearing
  • A bearing that uses small cylindrical rollers (instead of balls) to maintain the separation between the moving parts of a bearing.
  • What Our Customers Say

    Why buy this report?

    The Ball Bearing Manufacturing Industry Research Report measures market size, analyses current and future trends, and provides an indication of market share for the industry’s largest companies. IBISWorld’s collection of industry market research reports gives you insightful, up-to-date information on the supply chains, economic drivers, and key buyers and markets for hundreds of industries.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Ball Bearing Manufacturing:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Ball Bearing Manufacturing market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Ball Bearing Manufacturing, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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