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Article: Determination To Survive Drives Bearings Manufacturers To Introduce Important Changes
- Article from:
- PR Newswire
- Article date:
- November 17, 1997
CopyrightCOPYRIGHT 1997 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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MOUNTAIN VIEW, Calif. Nov. 17 /PRNewswire/ -- High profit margins are hard to come by in the U.S. bearings industry. The growth patterns are well established, as are the end users, who are the primary driving factors. Bearings are a commodity product subject to fierce competition in the marketplace, and this is currently causing manufacturers to rethink their approach. Why, then, with so many factors working against it, does the bearings market continue to grow? What is causing such optimism for a market which seemingly should be on the decline?
According to strategic research by Frost & Sullivan (www.frost.com), U.S. Bearings Market, the total market is ...