
According to recently published research conducted by a leading international market research company, Global Research & Data Services, the expansion of the global bearing industry is forecast to reach 2.0% p.a. in the coming years. Between 2008 and 2014 the market increased with an average annual growth of 5.8%. Currently, ball bearings account for 35.0% of the global demand while the remaining market share is divided between tapered roller bearings (11.4%), spherical roller bearings (5.5%), needle roller bearings (3.7%), other cylindrical roller bearings (7.8%), other bearings (3.7%), bearing housings with bearings (2.5%), bearing housings without bearings (14.0%), needles, rollers and balls for bearings (4.3%) and other parts for bearings (12.2%).