QYResearch: Global Demand for Large Bore Bearings Will Continue To Grow. Rapidly, Driven By China and India’s Economic Growth

Author: Chen Yang

Company: QYResearch

Demand for large bore bearings will increase and will stay elevated for the foreseeable future due to the high growth rate and increasing capital expenditure in the major consuming industries capital expenditure in the major consuming industries.

Asia will dominate demand.

• The American market will remain flat, averaging 2.5% growth through 2017.

•Europe Middle East & Africa (EMEA) is the current dominant growth driver but Europe, Middle East& Africa (EMEA) is the current dominant growth driver, but its growth will drop markedly by 2013.

• Asia’s demand growth will stay high, particularly in China, India.

• Global production capacity will continue to outpace demand.

• Global capacity will increase by an average 3%, vs. 4% demand growth,through 2012.

• Capacity utilization, currently at 75 Capacity utilization, currently at 75-80%, will not change appreciably. 80%, will not change appreciably.

• The US, Japan, and Western Europe will have excess capacity.

• Asia Pacific will continue to see added capacity, particularly in China and India,to cater for strong regional demand.

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