Sales of domestic bearings in Japan increased 6.3% to Y490.4 billion.
Growing demand from:
1. construction equipment
2. machine tools
3. automakers
fueled the growth.
The market leader is NSK Ltd and their share is growing.
Second place Jtekt, a merger of Koyo Seiko and Toyoda saw their share shrink.
Third ranked NTN Corp's sales for large bearings for wind power generators and railway cars....but is still just barely behind number two.
The top five bearing makers in Japan.
| Bearings | |||
| Rank | Company | Share | Point Change |
| 1 | NSK | 34.9 | 0.8 |
| 2 | Jtekt | 27.6 | -0.6 |
| 3 | NTN | 27.3 | 0 |
| 4 | Nachi-Fujikoshi | 6.3 | 0.1 |
| 5 | Minebea | 2.9 | -0.2 |
| Total domestic sales: 490.4 billion yen (up 6.3%) Sources: Japan Bearing Industrial Association; market shares estimated by Nikkei | |||
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