Gaining traction: Competitive pressures from foreign producers will continue to limit industry growth

The Ball Bearing Manufacturing industry in Canada has languished over the five years to 2019. The industry manufactures ball and roller bearings, which reduce friction and control motion between two or more rotating parts. Bearings are needed for the manufacturing of vehicles in the transportation, defence and aerospace sectors and for the manufacturing of other equipment with rotating parts. Therefore, the industry depends on demand from a variety of manufacturing markets. The industry is small and consolidated. Revenue from exports is key to the industry's performance because the domestic market for bearings is heavily penetrated by imports. The industry is projected to recover and grow...read more.

Industry Statistics & Market Size
Revenue
$521m
Annual Growth 14-19
-0.3%
Forecast Growth 19-24
Profit
Employment
1,819
Businesses
15

Industry Threats & Opportunities

  • Revenue from exports is key to the industry’s performance because the domestic market for bearings is heavily penetrated by imports
  • Increased consolidation alleviated the pressure of volatile steel prices
  • The offshoring of manufacturing operations in downstream industries may continue
  • Industry Report - Industry Products Chapter

    Ball bearingsBall bearings are the most popular industry offering, generating an estimated 35.5% of revenue in 2019. A ball bearing is a type of bearing that uses small metallic balls, contained within at least two outer races, to separate between the bearing's moving parts. Ball bearings are used to reduce rotational friction in a vehicle and other moving objects and to support radial and axial loads. Since ball bearings have a lower load capacity than other (roller type) bearings, they are most popular for use in relatively light equipment, including computer hard drives, household appliances, ammunition and small missiles. An essential advantage of ball bearings over roller bearings is that they can tolerate some misalignment of the inner and outer races...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 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
  • Housing for bearings (sold separately)
  • Components for bearings (sold separately)
  • Other roller bearings
  • Tapered roller bearings
  • Spherical roller bearings
  • Needle roller 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 effective exchange rate index
  • Demand from motor vehicle manufacturing
  • Industrial capacity utilization
  • World price of steel

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

  • Industry Outlook
  • Trends domestically and abroad
  • Consolidation drives growth
  • 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
  • Other roller bearings
  • Housing for bearings (sold separately)
  • Components for bearings (sold separately)
  • Tapered roller bearings
  • Needle roller bearings
  • Spherical roller 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
    WagesPurchasesProfitDepreciationMarketingRentUtilitiesOther Costs
  • 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
    Includes:
  • Industry Revenue (2010-2024)
  • Industry Gross Product (2010-2024)
  • Establishments (2010-2024)
  • Businesses (2010-2024)
  • Employment (2010-2024)
  • Exports (2010-2024)
  • Imports (2010-2024)
  • Wages (2010-2024)
  • Wages (2010-2024)
  • Purchases (2010-2024)
  • Profit (2010-2024)
  • Depreciation (2010-2024)
  • Marketing (2010-2024)
  • Rent (2010-2024)
  • Utilities (2010-2024)
  • Other (2010-2024)
  • World Price of Steel (2010-2024)

  • 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 can be used to help you: understand market size and growth potential; major companies; draft business plans and pitch books; and conduct benchmarking and SWOT analysis. Our industry analysis highlights macro industry trends in the overall sector and micro trends faced by companies that do business in the industry. The industry report also provides key industry statistics and 5-year forecasts to anticipate future industry prospects so you can decide with confidence.

    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
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    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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