MRO Magazine

2008 industry forecast


Industry

November 20, 2007
By PEM Magazine

CLEVELAND, OH-The Freedonia Group Inc. conducted recent research, which shows U.S. bearing demand is forecast to rise 3.1 percent per year through 2011 to US$10.4 billion. Suppliers will benefit from largely favourable economic conditions, with accelerated output growth in aerospace and an upturn in the production of motor vehicles driving demand.