BEARING NJ 208 NTN
10 Industrial Bearing Supply Trends To Look Forward To In Next Year
Bearings play a critical role in almost every type of machine, and as technology and production shifts continue to change, so too do the industrial bearings that are needed to keep those machines running. In this article, we take a look at 10 industrial bearing supply trends that you might want to consider keeping an eye on in 2019.
Growth of Industry
The industrial bearing industry is expected to grow at a rate of 6.5% in 2019. This is due to the increasing demand for machines and equipment that are used in various industries.
Some of the industries that are expected to benefit from this growth include transportation, power generation and machinery, food processing, and chemical production.
The industrial bearing market is fragmented, which means that there are a variety of suppliers who offer different types of bearings. This makes it difficult for customers to find the right bearings for their needs. However, this fragmentation is also an advantage because it allows for a wide range of prices and quality options.
Rise in Robotics
One of the biggest trends that industrial bearing suppliers are expecting to see in 2018 is the rise of robotics. Robotics is a technology that uses machines to perform tasks that would normally be done by people.
As robotics becomes more prevalent, industrial bearing suppliers expect to see an increase in the use of robots in manufacturing processes. This increase in automation will lead to an increase in demand for industrial bearings, as these bearings are used in many industrial applications.
Other trends that industrial bearing suppliers are expecting to see in 2018 include a decline in the price of oil and a growth in the global economy. These trends are expected to lead to an increase in demand for industrial bearings, which will drive prices down.
Expansion of Automotive Manufacturing
One of the major trends that businesses need to look forward to in 2018 is the increasing expansion of automotive manufacturing. This expansion is due, in part, to the increase in demand for new car models and the increased production of electric vehicles.
In addition, businesses that provide industrial bearings will see an increase in demand due to the growth of motorsports. This growth is because motorsports requires high-quality bearings that can withstand a lot of stress. Additionally, businesses that provide industrial bearings will benefit from the increase in demand for industrial machines and equipment.
Increasing Use of 3D Printing
In 2018, industrial bearing supply chains will continue to see increased adoption of 3D printing technology. This technology will be used in a variety of applications, including the manufacturing of parts and components.
3D printing is a valuable tool because it allows manufacturers to create customized parts and products quickly and cost-effectively. In addition, 3D printing can improve the quality of products by allowing for better accuracy and precision.
Overall, industrial bearing supply chains will continue to grow in popularity in 2019. This is thanks in part to the increasing use of 3D printing technology.
Adoption of Green Technologies
One of the major trends that industrial bearing suppliers should look forward to in 2018 is the increased adoption of green technologies. In 2017, many companies made a commitment to using more environmentally friendly practices, and this trend is likely to continue in 2018.
One of the most important ways that industrial bearing suppliers can reduce their environmental impact is by using less oil and gas. Many companies are looking at alternative energy sources, such as solar and wind power, to help power their operations.
Another trend that industrial bearing suppliers should watch for in 2018 is the increase in demand for automation. Automation allows companies to save time and money by performing tasks automatically. This will lead to an increase in the demand for industrial bearings, which in turn will lead to an increase in the demand for other components used in manufacturing.
Rising Dependency on China
One of the most important trends to watch for in industrial bearing supply next year is the rising dependency on China. China has become a major player in the global industrial bearing market and this trend is only going to continue.
China has been rapidly expanding its production capacity and this is creating new demand for industrial bearings in China and around the world. Chinese companies are now sourcing industrial bearings from all over the world, which is driving prices down. In fact, according to IHS Markit, Chinese companies accounted for almost half of all global bearings purchases in 2016.
This trend is likely to continue next year as well. China's economy is continuing to grow at a rapid pace and this will create even more demand for industrial bearings. Manufacturers who want to stay competitive will need to invest in industrial bearing supplies from China.
Emerging Markets and Applications
One of the most exciting industrial bearing trends to watch in 2019 is the growth of emerging markets and applications. With increasing awareness and adoption of industrial automation, there is a growing demand for industrial bearings that can handle high loads and extreme conditions.
Some of the most promising emerging markets for industrial bearings include China, India, and Brazil. China is expected to account for the largest share of global manufacturing growth over the next decade, and this will drive demand for industrial bearings from manufacturers in this country. India is alsoexpected to grow rapidly, as its economy continues to expand. This will lead to increased demand for industrial bearings from companies in this country, as well as from international manufacturers who want to target the Indian market. Brazil is another important emerging market, as it is expected to experience significant growth in both manufacturing and consumer markets over the next decade. This will lead to increased demand for industrial bearings from companies in this country and from international manufacturers who want to target Brazil’s growing market.
Many industry experts are predicting that industrial bearing supply will increase significantly in 2019 due to these trends. This will make it easier for manufacturers and consumers alike to find quality products that can handle high loads and extreme conditions.
Impact of Climate Change on the Industry
One of the biggest challenges facing industrial bearing suppliers in the next year is climate change. The impact of climate change on the industry is already being seen, with a number of BearingPoint members reporting disruptions in production due to extreme weather conditions.
Further, many bearing suppliers are expecting increased demand for their products as a result of increasingly stricter environmental regulations. For example, companies that produce greases and lubricants will need to find ways to reduce their environmental impact. This will require manufacturers to find new oils and greases that are environmentally friendly and resistant to fouling.
In addition, many bearing suppliers are expecting increased demand for their products as a result of increasingly stringent food safety regulations. Manufacturers that make food processing equipment will need to find new bearings that meet stringent safety standards. This includes things like being free from bacteria and chemicals that could cause food poisoning.
Conclusion
Looking to invest in industrial bearings for your business in the next year? Here are ten trends you can expect to see play out in 2019:
1. Increased demand from fast-growing industries, such as automotive and aviation 2. Growing interest in hybrid and electric vehicles 3. Expansion of applications for bearings that require a high degree of precision 4. Rapid growth of the internet of things (IoT) 5. Proliferation of new technologies that improve efficiency and accuracy 6. More innovation focused on reducing environmental impact 7. Increased focus on quality assurance 8. Continued growth in China 9. Increased use of artificial intelligence (AI) 10. Consolidation among Bearing Manufacturers
Reykindo Karawang Industrial Bearing Supply
In 2020, Reykindo Karawang Industrial Bearing Supply saw a lot of growth and new products being launched. This year, they are expecting even more growth as the market looks to invest in new technologies and innovate. Here are some of the industrial bearing trends that they are looking forward to in next year:
1. Robotics: Robotics are becoming increasingly popular in industrial settings, as they offer increased efficiency and improved safety. Reykindo Karawang Industrial Bearing Supply is anticipating an increase in sales of robotics-related products in 2023.
2. 3D Printing: 3D printing is also expected to see a lot of growth in 2018. This technology allows for the creation of custom parts and components with greater accuracy and speed than traditional manufacturing methods. Reykindo Karawang Industrial Bearing Supply is expecting a rise in sales of products that use 3D printing technology.
3. Renewable Energy: Although global economic conditions remain uncertain, Reykindo Karawang Industrial Bearing Supply expects the market to invest in renewable energy sources such as solar and wind power. They anticipate an increase in sales of products that support these energy sources, such as turbines and generators.
