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Over the next five years, the Ball Bearing Manufacturing in the US industry in United States is expected to grow.
Industry revenue has declined at a CAGR of 2.5 % over the past five years, to reach an estimated $6.3bn in 2024.
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Manufacturers locate near downstream manufacturing markets. This contributes to reduced transportation costs for the industry.
Finally, IBISWorld’s global data scientists maintain a proprietary database of macroeconomic and demand drivers, which our analysts use to help inform industry data and trends. They also maintain a database of statistics and analysis on thousands of industries, which has been built over our more than 50-year history and offers comprehensive insights into long-term trends.
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Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and our own proprietary database of statistics and analysis to provide balanced, independent and accurate insights.
The ball bearing manufacturing industry manufactures ball bearing components used to fix, hold or guide moving parts and reduce rotational friction between two or more rotating parts. Manufacturers use various bearings, including ball, tapered and spherical products. The industry has experienced multiple headwinds in recent years as weakened downstream markets and rising steel prices have put downward pressure on manufacturers. Overall, revenue has declined at a CAGR of 2.5% to $6.3 billion over the past five years, including an expected increase of 1.3% in 2024.
Manufacturing unmounted roller and ball bearings and Manufacturing mounted roller and ball bearings are part of the Ball Bearing Manufacturing in the US industry.
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The biggest companies operating in the Ball Bearing Manufacturing market in United States are Timken Co, Schaeffler Ag and NSK Ltd.
To view the market share and analysis for all 7 top companies in this industry, view purchase options.
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Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.
Minimal product differentiation encourages direct competition based on price. Manufacturers also compete based on service quality and timely distribution, which can enhance a...
IBISWorld prides itself on being a trusted, independent source of data, with over 50 years of experience building and maintaining rich datasets and forecasting tools. We are proud to be the keystone source of industry information for thousands of companies across the world.
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.
Manufacturers must comply with federal, state and local laws concerning regulations regulating the environment. These regulations impose limitations on the discharge of mater...
Manufacturers’ investments to improve efficiency have helped keep wage expenses relatively steady over the past five years. However, ball bearing manufacturers rely heavily o...
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IBISWorld’s analysts and data scientists use the sources above to create forecasts for our proprietary datasets and industry statistics. Depending on the dataset, they may use regression analysis, multivariate analysis, time-series analysis or exponential smoothing techniques to project future data for the industry or driver. Additionally, analysts will leverage their local knowledge of industry operating and regulatory conditions to impart their best judgment on the forecast model.
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Import competition has hindered domestic manufacturers. Foreign companies can undercut manufacturers on the price of goods because of cheaper labor and the scale of operation...
IBISWorld relies on human-verified data and human-written analysis to compile each standard industry report. We do not use generative AI tools to write insights, although members can choose to leverage AI-based tools within the platform to generate additional analysis formats.
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There are 112 businesses in the Ball Bearing Manufacturing in the US industry in United States, which has declined at a CAGR of 0.2 % between 2019 and 2024.
Industry revenue is measured across several distinct product and services lines, including Roller bearings, unmounted, Ball bearings, unmounted and Parts and components for roller and ball bearings. Roller bearings, unmounted is the largest segment of the Ball Bearing Manufacturing in the US.
Our analysts start with official, verified and publicly available sources of data to build the most accurate picture of each industry. Analysts then leverage their expertise and knowledge of the local markets to synthesize trends into digestible content for IBISWorld readers. Finally, each report is reviewed by one of IBISWorld’s editors, who provide quality assurance to ensure accuracy and readability.
Unmounted roller bearings are used in most cars, trucks and buses. The decline in new car sales and truck and bus manufacturing has caused this segment to slump.
The market size of the Ball Bearing Manufacturing in the US industry in United States has been declining at a CAGR of 2.5 % between 2019 and 2024.