BSA survey shows sales up 14.7%
The Bearing Specialists Association (BSA) Annual Distributor Survey revealed aggregate sales volume increased 14.7% in 2011 over the 2010 volume.
According to Bill Stevens, president and CEO, Motion Industries, who reported for BSA, firms responding to the BSA Distributor Survey represented 90% of the value of bearings sold through BSA members. Additional survey results revealed that in 2011 the aggregate number of employees increased 3.5%. In 2010, the number of employees rose 1.8%.
Stevens presented the survey findings at the 2012 BSA Annual Convention April 29-May 1 at the Hyatt Regency Coconut Point Resort and Spa in Bonita Springs, Florida. Complete survey reports are sent to all participants. The BSA Distributor Survey is facilitated by the Profit Planning Group to assure complete confidentiality.
In another industry update, Pete Eich, president of NTN Bearing Corporation of America and the chairman of ABMA, presented the industry report of the American Bearing Manufacturers Association (ABMA). According to his report, in 2009 the Fredonia Group estimated the world bearing market to be $50.5 billion. By 2011, some estimates put the market as high as $60 billion. This number includes both rolling bearings and plain bearings. The majority of usage is in the Asia/Pacific Region at 50%, followed by Europe at 26% and North America with 17%.
INDUSTRIAL SUPPLY MAGAZINE
The May/June issue of Industrial Supply magazine features an in-depth cover story about GHX Industrial. Plus, we're featuring articles by contributing writers Dr. Bharani Nagarathnam and Frank Hurtte, as well as interviews with numerous product and distribution industry experts.
