Economic Recovery Promises Growth and Increased Opportunities

30 November 1999

Economic Recovery Promises Renewed Growth and Increased Foreign Investment Opportunities

    SAN ANTONIO--Nov. 30, 1999--The Asian financial crisis in mid-1997 had a detrimental effect on the Asian economies and in turn, the Asian Pacific bearings market.
    However, the region is beginning a period of recovery, and is experiencing economic growth and rejuvenation in the bearings market.
    The total bearings market was valued at $396.4 million in 1998. Frost & Sullivan's strategic research, "Asian Pacific Bearings Market," segments the market by five locations: Singapore, Malaysia, Thailand, Philippines and Australia and New Zealand, and analyzes these individual markets on the basis of five product segments. Additionally, the distribution channels and competitive structure are examined and market growth opportunities are explored.
    The electronics market in Southeast Asia contracted in 1998. Production of electronic products such as computers and hard-disk drives fell substantially resulting in a decline in demand for bearings. However, the rising demand for 'sub-1000' PCs and stabilization in chip prices is anticipated to revive the global electronics market by causing new application demand for the bearings industry.
    Asian Pacific governments have introduced innovative measures to stimulate growth in the automotive market in order to curb contraction and enable more consumers to purchase vehicles. These governments are also making efforts to attract and retain investments, including corporate tax reduction and exemption from import and export tariff according to Frost & Sullivan research analyst Michael Rasche.
    "Investment, green-field or expansion, is likely to involve capital investments such as plants, machinery or equipment and other systems, and is likely to increase the demand for bearings. Investment activities will increase progressively over the forecast period following economic improvement and rising confidence in individual governments," says Rasche.
    "Asia Pacific Bearings Market" provides in-depth analysis of the end-user industries of bearings, and pricing strategy in the Asia Pacific bearings market, and it offers a comprehensive understanding of the different factors affecting growth and development of the market.
    This industrial research has integrated the Market Engineering consulting philosophy into the entire research process. Critical phases of this research included: identification of industry challenges, market engineering measurements, strategic recommendations, planning and market monitoring. All of the vital elements of this system help the market participants navigate successfully through the bearings market.
    Market participants and related companies include SKF South East Asia & Pacific PTE Ltd; NSK Singapore (PTE) Ltd.; Timken Singapore PTE Ltd.; Timken Aerospace & Super Precision Singapore PTE Ltd.; FAG South East Asia PTE Ltd.; Koyo Singapore PTE Ltd.; Nachi Singapore PTE Ltd.; Minebea Technologist PTE Ltd.; NTN Singapore PTE Ltd.; Psc Freyssinet (S) PTE Ltd.; Hanwha Corporation; Federal-Mogul World Trade PTE Ltd.; INA Bearings (S) PTE Ltd.; Torrington Company; SKF Malaysia SDN Bhd; NSK Bearings; NTN Bearings - Malaysia SDN Bhd; NTN Bearing - Thailand Co., Ltd.; FAG Kugelfischer; NSK Bearings (Thailand) Co. Ltd.; Koyo Manufacturing (Thailand) Co. Ltd; SKF (Thailand) Ltd.; NMB Thai Ltd. / NMB Hi-Tech Bearings Co. Ltd.; NMB Precision Ball Co. Ltd.; SKF Philippines Inc.; FAG Philippines; NTN Philippines; NSK Philippines; Philippine Koyo Bearings Corp.; NTN Cbc (Australia) Pty Ltd.; FAG Australia Pty Ltd.; NSK Rhp Australia Pty Ltd.; Koyo Australia Pty Ltd.; SKF Australia Pty Ltd.; Torrington Bearing Co.; Australia Timken Pty Ltd., Distributors Include Sls Bearings (S) PTE Ltd.; International Bearing PTE Ltd.; Kian Ho Bearing PTE Ltd.; Iwoon Worldwide PTE Ltd.; Rollmac Equipments PTE Ltd; Pba (S) PTE Ltd; Powertrans Industrial Supplies PTE Ltd.; Hisaka PTE Ltd.; Prima Components PTE Ltd.; Pelmac Industries PTE Ltd.; Shinko Bearings And Belting PTE Ltd.; Beltco (M) SDN Bhd; Pba (M) SDN Bhd; Ozak Seiko (M) SDN Bhd; United Bearings Industrial Corp.; Philippines Bearing Corporation; American Bearing; Bearing Center & Machinery Inc. And GBIC Enterprises Inc.
    Frost & Sullivan is an international market consulting company that monitors the bearings industry for market trends, market measurements and strategies. This ongoing research is used to support industry participants with customized consulting needs. Free executive summaries of all Frost & Sullivan research are available to the press through our media relations department.

Report: 4964-17 Date: September 1999 Price: $2,950