QYResearch Global Demand for Large Bore Bearings Will Continue To Grow. Rapidly, Driven By China and India’s Economic Growth
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. www.qyresearchglobal.com
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. www.qyresearchglobal.com
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<strong>QYResearch</strong>: <strong>Global</strong> <strong>Dem<strong>and</strong></strong> <strong>for</strong> <strong>Large</strong> <strong>Bore</strong><br />
<strong>Bearings</strong> <strong>Will</strong> <strong>Continue</strong> <strong>To</strong> <strong>Grow</strong>. <strong>Rapidly</strong>,<br />
<strong>Driven</strong> <strong>By</strong> <strong>China</strong> <strong>and</strong> <strong>India’s</strong> <strong>Economic</strong><br />
<strong>Grow</strong>th<br />
● Industry Report ●Survey <strong>and</strong> Research ●Maket Analysis ●Research Report<br />
qyresearchglobal.com
Author<br />
Chen Yang<br />
Company<br />
<strong>QYResearch</strong><br />
qyresearchglobal.com
<strong>Dem<strong>and</strong></strong> <strong>for</strong> large bore bearings will increase <strong>and</strong> will stay elevated <strong>for</strong> the <strong>for</strong>eseeable future<br />
due to the high growth rate <strong>and</strong> increasing capital expenditure in the major consuming<br />
industries capital expenditure in the major consuming industries.<br />
qyresearchglobal.com
qyresearchglobal.com
Asia will dominate dem<strong>and</strong>.<br />
• The American market will remain flat, averaging 2.5% growth through 2017.<br />
•Europe Middle East & Africa (EMEA) is the current dominant growth driver but Europe,<br />
Middle East& Africa (EMEA) is the current dominant growth driver, but its growth will drop<br />
markedly by 2013.<br />
• Asia’s dem<strong>and</strong> growth will stay high, particularly in <strong>China</strong>, India.<br />
• <strong>Global</strong> production capacity will continue to outpace dem<strong>and</strong>.<br />
• <strong>Global</strong> capacity will increase by an average 3%, vs. 4% dem<strong>and</strong> growth,through 2012.<br />
• Capacity utilization, currently at 75 Capacity utilization, currently at 75-80%, will not<br />
change appreciably. 80%, will not change appreciably.<br />
• The US, Japan, <strong>and</strong> Western Europe will have excess capacity.<br />
• Asia Pacific will continue to see added capacity, particularly in <strong>China</strong> <strong>and</strong> India,to cater <strong>for</strong><br />
strong regional dem<strong>and</strong>.<br />
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