Mumbai, June 27, 2007 :  The Bearing Industry is all set to cater to the increasing demand from the automotive, aerospace equipment, and engines, turbines and power transmission equipment manufacturing markets. The diverse demands of the industry are compelling the bearing industry to venture into super specialization of products in order to optimize their revenues.

Bharat Book Bureau, ( www.bharatbook.com ) a leading information aggregator has put forth a report called "Bearings forecasts for 2011 & 2016" (http://www.bharatbook.com/bookdetail.asp?bookid=46924) which presents a detailed overview and analysis of the US bearing Industry.

 US bearing demand is expected to reach $11 billion in 2011. Ball, roller and plain bearing demand is forecast to rise 3.2% annually through 2011 to $11.0 billion. Increasing production of motor vehicles especially in the Asian markets and production of aerospace equipment  are the main drivers of the growth of the industry. This growth is  further accentuated by demand for  accurate motion control devices to control their applications in medical, aerospace, defense, machine tooling industries. The modernization drive on the part of Asian economies in steel and other mill equipment has also led to more demand for specialized bearings

Better quality and product designs have enhanced the life span of the bearing while making it  slightly expensive. The change in the product mix means a slight decline in the aftermarket demand which will be counter balanced by high energy prices making highly efficient bearings a more attractive investment. The emphasis is laid on product designing  keeping in mind compactness, reliability, efficiency, convenience and installation of sensors for far better bearings and their performance activity.

 At present there is an increased demand for unmounted plain bearing which are comparatively less expensive than the rolling ones. The thrust is laid on improving their quality and efficiency. With the growth of the bearing containing products industries such as aerospace, automobile, industrial equipment etc the increase in bearing sales will simultaneously increase. Whereas the roller bearing demand will automatically follow the increase in production levels in industries like motor vehicles and turbines. The demand too will be supplemented by the use of bearing containing equipment in non automotive transportation equipment repair and federal government purchases

Despite the fact that US based firms are shifting production operations to China on account of cheap manufacturing costs, they are attracting foreign investment. The US bearing industry no doubt will be well equipped to satisfy the domestic as well as the foreign demand.

 The report "Bearings forecasts for 2011 & 2016" presents a comprehensive analysis of the economic picture, the current market scene, the present and future technology updates, the market structure, its dynamics, price pattern, technology, foreign trade accompanied by in depth product and industry wise analysis of the bearing industry. The report also contains  a set of figures and tables for a better understanding of  market of the bearing industry.

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Kindly visit the following url : http://www.bharatbook.com/bookdetail.asp?bookid=46924 to order a copy of this report.

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