Gaining traction: Multinational operators will use economies of scale to remain competitive

This industry depends on demand from a variety of transport and manufacturing markets. However, a significant portion of domestic demand is satisfied by imports and volatile commodity prices have had a deleterious impact on industry output. Consequently, industry revenue is expected to decline over the five years to 2018. Over the five years to 2023, import penetration due to the forecasted appreciation of the loonie and saturation of export markets are likely to limit revenue growth. However, the expected rise in demand from crucial downstream markets alongside consolidation activity is projected to buoy industry more.

Industry Statistics & Market Size
Annual Growth 13-18
Forecast Growth 18-23

Industry Threats & Opportunities

  • Exports are key to industry performance because the Canadian market is heavily penetrated by imports
  • Weak demand and low steel prices pressure operators to lower selling prices, in turn lowering revenue
  • Import penetration in the domestic market and competition in export markets will limit revenue
  • Industry Report - Industry Analysis Chapter

    The Ball Bearing Manufacturing industry in Canada’s performance depends on a variety of downstream markets, including the automotive, aerospace and general industrial markets. Bearings are small machines that consist of metallic balls, spheres, cylinders or needles contained within outer races that reduce friction and control motion. Bearings are used in the manufacturing of vehicles, aircraft, guns, missiles, blenders, windmills and other equipment with rotating parts. Therefore, bearings are integral components of most industrial activity, sustaining demand for industry products. Operators also export heavily to manufacturers in other countries, especially the United States, linking revenue to currency valuations. How...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
  • Ability to pass on metal price increases
  • Effective quality control
  • IBISWorld analysts also discuss how external factors such as Canadian-dollar effective exchange rate index and Demand from motor vehicle 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?

    This industry manufactures ball bearings and roller bearings, which are small machines that constrain motion and reduce friction between moving parts of vehicles and other equipment. Major markets include the transportation, defence, aerospace and energy sectors. This industry does not manufacture plain (nonball and nonroller) bearings.

    Industry Products
  • Ball bearings
  • Roller bearings
  • Housing for bearings (sold separately)
  • Components for bearings (sold separately)
  • Other bearings
  • Industry Activities
  • Manufacturing ball bearings
  • Manufacturing roller bearings
  • Manufacturing separate parts for bearings
  • Manufacturing separate housing for bearings
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Canadian-dollar effective exchange rate index
  • Demand from motor vehicle manufacturing
  • Industrial capacity utilization
  • World price of steel

  • Current Performance
  • Rising competition
  • Price volatility
  • Consolidation and globalization
  • Chart: Revenue Growth

  • Industry Outlook
  • Limited revenue outlets
  • Consolidation alleviates decline
  • 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 in Canada
  • Computer Manufacturing in Canada
  • Major Household Appliance Manufacturing in Canada
  • Automobile Engine & Parts Manufacturing in Canada
  • Aircraft, Engine & Parts Manufacturing in Canada
  • Space Vehicle & Missile Manufacturing in Canada

  • Key Selling Industries
  • Aluminum Manufacturing in Canada
  • Iron & Steel Manufacturing in Canada
  • Nonferrous Metal Rolling & Alloying in Canada

  • Products & Services
  • Ball bearings
  • Roller bearings
  • Housing for bearings (sold separately)
  • Components for bearings (sold separately)
  • Other bearings
  • Chart: Ball Bearing Manufacturing Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Export markets
  • Transportation equipment manufacturers
  • Industrial equipment manufacturers
  • Other markets
  • 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
  • Profit
  • Purchases
  • Wages
  • Depreciation
  • Other
  • Chart: Cost Structure Benchmarking – Sector vs Ball Bearing Manufacturing

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

  • Industry Globalization
    NTN Corporation, Schaeffler Technologies AG & Co. KG, Timken Company,
  • Table: NTN Corporation - financial performance
  • Table: Schaeffler Technologies AG & Co. KG - financial performance
  • Table: Timken Company - 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
  • Industry Revenue (2009-2023)
  • Industry Gross Product (2009-2023)
  • Establishments (2009-2023)
  • Businesses (2009-2023)
  • Employment (2009-2023)
  • Exports (2009-2023)
  • Imports (2009-2023)
  • Wages (2009-2023)
  • Industrial capacity utilization (2009-2023)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Ball Bearing
  • A bearing that uses small metal balls to maintain the separation between the moving parts of the 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 separate the moving parts of the bearing.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Ball Bearing Manufacturing market research report provides the latest industry statistics and industry trends, allowing you to identify the products and customers driving revenue growth and profitability. The industry report identifies the leading companies and offers strategic industry analysis of the key factors influencing the market.

    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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