BSA Annual Distributor Survey reveals strong market gains.
Press Release Summary:
During BSA 45th Annual Convention, Carl James of BDI-Canada reported results of BSA 2011 Distributor Survey. In 2010, aggregate sales volume for participating distributors was $2,250,000,000, an increase of 17.2% over 2009 volume of $1,920,000,000. Estimates are that 2011 will continue this trend with gain of 7.8%. Also, in 2010, survey respondents reported the aggregate number of employees had grown to 17,000, an increase of 1.8% over 2009.
Original Press Release:
BSA Annual Distributor Survey Reveals Strong Market Gains
Glen Ellyn, IL - A report on the results of the Bearing Specialists Association (BSA) 2011 Distributor Survey revealed strong sales and an improving economy. The data, reported by Carl James, BDI-Canada, at the BSA 45th Annual Convention, revealed that in 2010 the aggregate sales volume for participating distributors was $2,250,000,000; this represents an increase of 17.2% over the 2009 volume of $1,920,000,000. Estimates are that 2011 will continue this trend with a gain of 7.8%.
As James pointed out, if the industry grows 12% in 2011, "we reach $2.70 Billion in Sales and Exceed 2008 in 2011." A closer look at the end-users reflects a changing, dynamic, and perhaps more resilient marketplace than originally expected.
Distributors also demonstrated increased productivity - and comparable profitability as well - by holding the line on hiring. In 2010 survey respondents reported the aggregate number of employees had grown to 17,000, an increase of just 1.8% over 2009. In 2007 the aggregate number of employees was 17,600; this number fell to 16,600 in 2008.
In presenting the survey results, James noted that this was the fifth year for the BSA Distributor Survey. Survey results in 2011 were based on 25 BSA member respondents among 40 BSA members. Respondents represent 90% of the dollar value of bearings sold through BSA members. The report is prepared by the Profit Planning Group LLC (PPG). Completed surveys are sent directly to PPG where they are held in confidence. PPG accumulates data and reports the results.
The report was just one of the highlights of the association's 45th Annual Convention, April 29 - May 3 at the Hyatt Lost Pines in Lost Pines (Austin), Texas.
BSA is the "must belong to organization for authorized bearing distributors." An international service and educational organization of distributors representing a total of almost 100 companies distributing factory-warranted ball-, roller-, and anti-friction bearings and invited manufacturers of bearings and related products, the association's mission says, "BSA is the forum to enhance networking and knowledge sharing and promote the sale of bearings through authorized distributors." For more information on BSA contact the BSA office at (630) 858-3838; fax (630) 790-3095; email info@bsahome.org or visit the association website at www.bsahome.org.
