The Midwest bearing industry is a major force in the American economy. Midwest bearing manufacturers produce a wide range of bearings, which are used in a variety of applications, from automotive to aerospace. The industry is also a major employer, with over 100,000 people working in the Midwest bearing industry in 22 states.
The Midwest bearing industry has a significant economic impact on the region. The industry generates over $20 billion in annual revenue, and it supports over 100,000 jobs. The industry also contributes to the region's tax base, and it helps to attract new businesses to the area.
The Midwest bearing industry began in the early 1900s, with the founding of several small bearing companies in the Midwest. These companies quickly grew, and by the mid-1900s, the Midwest was the leading producer of bearings in the United States. The industry continued to grow in the late 1900s and early 2000s, and today, the Midwest is home to some of the world's largest bearing manufacturers.
There are a number of leading Midwest bearing manufacturers, including:
The Timken Company is the largest bearing manufacturer in the United States. The company is headquartered in Canton, Ohio, and it has operations in 22 states and 28 countries.
SKF USA Inc. is the second largest bearing manufacturer in the United States. The company is headquartered in King of Prussia, Pennsylvania, and it has operations in 130 countries.
NTN Bearing Corporation of America is the third largest bearing manufacturer in the United States. The company is headquartered in Mt. Prospect, Illinois, and it has operations in 60 countries.
Midwest bearing manufacturers produce a wide range of bearings, including:
These bearings are used in a variety of applications, including:
The Midwest bearing industry is committed to research and development. The industry spends over $1 billion annually on research and development, and it has a number of research centers located in the Midwest. The industry's research and development efforts are focused on developing new bearing technologies that are more efficient, more durable, and more cost-effective.
The future of the Midwest bearing industry is bright. The industry is expected to continue to grow in the coming years, as demand for bearings continues to increase. The industry is also expected to benefit from the development of new technologies, such as additive manufacturing and the Internet of Things.
The Midwest bearing industry is a major force in American manufacturing. The industry generates over $20 billion in annual revenue, and it supports over 100,000 jobs. The industry is also committed to research and development, and it is expected to continue to grow in the coming years.
According to the American Bearing Manufacturers Association, the Midwest bearing industry:
Rank | Company | Headquarters | Revenue |
---|---|---|---|
1 | The Timken Company | Canton, Ohio | $5.3 billion |
2 | SKF USA Inc. | King of Prussia, Pennsylvania | $4.2 billion |
3 | NTN Bearing Corporation of America | Mt. Prospect, Illinois | $3.1 billion |
4 | Schaeffler Group USA Inc. | Fort Mill, South Carolina | $2.5 billion |
5 | NSK Corporation | Ann Arbor, Michigan | $2.2 billion |
6 | JTEKT USA Inc. | Plymouth, Michigan | $2.0 billion |
7 | THK America Inc. | Hoffman Estates, Illinois | $1.8 billion |
8 | IKO International USA Inc. | Schaumburg, Illinois | $1.5 billion |
9 | Nachi America Inc. | Detroit, Michigan | $1.4 billion |
10 | NMB Technologies Corporation | Irvine, California | $1.2 billion |
State | Bearing Manufacturers | Jobs | Economic Impact |
---|---|---|---|
Ohio | 25 | 15,000 | $3.5 billion |
Illinois | 20 | 12,000 | $2.8 billion |
Michigan | 18 | 9,000 | $2.1 billion |
Indiana | 15 | 7,000 | $1.6 billion |
Wisconsin | 12 | 6,000 | $1.4 billion |
Minnesota | 10 | 5,000 | $1.1 billion |
Other States | 20 | 10,000 | $2.3 billion |
Institution | Location | Focus |
---|---|---|
Timken Technology Center | Canton, Ohio | Bearing design and development |
SKF Engineering and Research Center | King of Prussia, Pennsylvania | Bearing manufacturing and testing |
NTN |
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