Bearings Specialists Association Survey: Sales Grew 14.7% in 2011 - Modern Distribution Management

Bearings Specialists Association Survey: Sales Grew 14.7% in 2011

Employee count also grew at an accelerated rate in 2011.

The Bearing Specialists Association (BSA) Annual Distributor Survey revealed aggregate sales volume increased 14.7 percent in 2011 over 2010. 

We Deliver Distribution News to Your Inbox
Sign up below to receive MDM Update, your free weekly distribution news update by email.

\"\"

Firms responding to the BSA Distributor Survey represented 90 percent of the value of bearings sold through BSA members. Additional survey results revealed that in 2011 the aggregate number of employees increased 3.5 percent. In 2010, the number of employees rose 1.8 percent.

Bill Stevens, president and CEO, Motion Industries, presented the survey findings at the 2012 BSA Annual Convention April 29-May 1 in Bonita Springs, FL.

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. Per 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%.

Both reports are highlights of every BSA Annual Convention.

BSA is an international service and educational organization of distributors representing almost 100 companies distributing factory-warranted, anti-friction bearings and invited manufacturers of bearings and related products.

Share this article

About the Author
Recommended Reading
Leave a Reply

Leave a Comment

Sign Up for the MDM Update Newsletter

The MDM update newsletter is your best source for news and trends in the wholesale distribution industry.

Get the MDM Update Newsletter

Wholesale distribution news and trends delivered right to your inbox.

Sign-up for our free newsletter and get:

  • Up-to-date news in a quick-to-read format
  • Free access to webcasts, podcasts and live events
  • Exclusive whitepapers, research and reports
  • And more!

2

articles left

Want more Premium content from MDM?

Subscribe today and get:

  • New issues twice each month
  • Unlimited access to mdm.com, including 10+ years of archived data
  • Current trends analysis, market data and economic updates
  • Discounts on select store products and events

Subscribe to continue reading

MDM Premium Subscribers get:

  • Unlimited access to MDM.com
  • 1 year digital subscription, with new issues twice a month
  • Trends analysis, market data and quarterly economic updates
  • Deals on select store products and events

1

article
left

You have one free article remaining

Subscribe to MDM Premium to get unlimited access. Your subscription includes:

  • Two new issues a month
  • Access to 10+ years of archived data on mdm.com
  • Quarterly economic updates, trends analysis and market data
  • Store and event discounts

To continue reading, you must be an MDM Premium subscriber.

Join other distribution executives who use MDM Premium to optimize their business. Our insights and analysis help you enter the right new markets, turbocharge your sales and marketing efforts, identify business partners that help you scale, and stay ahead of your competitors.

Register for full access

By providing your email, you agree to receive announcements from us and our partners for our newsletter, events, surveys, and partner resources per MDM Terms & Conditions. You can withdraw consent at any time.

Learn More about Custom Reports

Request a Market Prospector Demo

  • This field is for validation purposes and should be left unchanged.