Glen Ellyn, IL — Based on results from its 2010 Distributor Survey, the Bearing Specialists Association (BSA) is forecasting 4.8% compound industry sales growth in 2010.
Survey results also revealed that BSA member distributors represent 76.8% of MRO authorized distribution in the US, demonstrating the significant marketplace role played by the association’s factory-authorized distributor members.
This is the first time the bearing industry association has included a forecast in its Distributor Survey Report. The forecast is based on results from the association’s Distributor Survey, presented by Gordon Duncan of (at the time) Kinecor LP, at the association’s 2010 Annual Convention, May 1-4, 2010, in Naples, FL. In his presentation of the survey results, Duncan noted that this is the third year for the report, allowing for the inclusion of some trend data.
Duncan noted that although only 60% of BSA’s distributor members responded to the survey, “we know that the response rate among the larger distributors was much higher.” In fact, BSA believes that the results in this report represent over 85% of the ABMA product sold through authorized distribution. Based on US bearings sales of $1.92 billion by distributors in the 2009 survey (down from $2.63 billion in 2008), BSA member distributors represent 76.8% of MRO authorized distribution in the US.
In addition to the BSA Distributor Survey Results, the 2010 Annual Convention featured an American Bearing Manufacturers Association (ABMA) industry update from Bruce Warmbold of the Schaeffler Group. As reported by ABMA, US bearing consumption in 2009 totalled $5.6 billion. The global market was $30 billion, down from $36.5 billion in 2008.
BSA is an international service and educational organization of distributors representing a total of almost 100 companies distributing factory-warranted ball-, roller-, and anti-friction bearings and invited manufacturers of bearings and related products. For more information, visit www.bsahome.org.