The Bearing Specialists Association (BSA) Annual Distributor Survey revealed aggregate sales volume increased 14.7 percent in 2011 over 2010.
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Firms responding to the BSA Distributor Survey represented 90 percent of the value of bearings sold through BSA members. Additional survey results revealed that in 2011 the aggregate number of employees increased 3.5 percent. In 2010, the number of employees rose 1.8 percent.
Bill Stevens, president and CEO, Motion Industries, presented the survey findings at the 2012 BSA Annual Convention April 29-May 1 in Bonita Springs, FL.
In another industry update, Pete Eich, President of NTN Bearing Corporation of America and the chairman of ABMA, presented the industry report of the American Bearing Manufacturers Association. Per his report, in 2009 the Fredonia Group estimated the world bearing market to be $50.5 billion. By 2011, some estimates put the market as high as $60 billion. This number includes both rolling bearings and plain bearings. The majority of usage is in the Asia/Pacific Region at 50%, followed by Europe at 26% and North America with 17%.
Both reports are highlights of every BSA Annual Convention.
BSA is an international service and educational organization of distributors representing almost 100 companies distributing factory-warranted, anti-friction bearings and invited manufacturers of bearings and related products.
