Bearings are machine components which are mainly used for sinking friction among moving elements. For example, in case of a roller bearing the rolling components in the bearings withstand the weight, allowing the tools to rotate smoothly. With technical advancements in several business verticals such as oil and gas, construction and automotive the functionalities and applications of bearing are developing continuously. High end technology such as smart bearings facilitates manufacturers to examine bearing operations continuously.
How Big is the Bearing Market?
The bearing market is expected to be around US$ 193 Billion by 2027; Growing at a CAGR of more than 7.5% in the given forecast period.
The major driving factors of bearing market are as follows:
Increasing vehicle production globally
Increasing requirement in aerospace and defense industry
Require for energy efficiency
The restraining factors of bearing market are as follows:
Growing in counterfeit products
Reduction after sales market
The bearing market is segmented on the lines of its product, component, end user and regional. Based on product segmentation it covers roller bearing, plain bearing, unmounted ball bearings and others. Under component segmentation the bearing market contains rings, cages, rollers, balls and others. The bearing market is segmented on the lines of its end user like oilfield machinery, farm and garden machinery, construction machinery, power transmission equipment, aerospace equipment, motor vehicles and other machinery. The bearing market’s geographic segmentation covers various regions such as North America, Europe, Asia Pacific, Latin America, Middle East and Africa. Each geographic market is further segmented to provide market revenue for select countries such as the U.S., Canada, U.K. Germany, China, Japan, India, Brazil, and GCC countries.
This report provides:
1) An overview of the global market for bearing and related technologies.
2) Analyses of global market trends, with data from 2019, estimates for 2020 and 2021 and projections of compound annual growth rates (CAGRs) through 2027.
3) Identifications of new market opportunities and targeted promotional plans for bearing.
4) Discussion of research and development, and the demand for new products and new applications.
5) Comprehensive company profiles of major players in the industry.
REPORT SCOPE:
The scope of the report includes a detailed study of global and regional markets for Bearing Market for variations in the growth of the industry in certain regions.
The report covers detailed competitive outlook including the market share and company profiles of the key participants operating in the global market. Key players profiled in the report include C&U Group, The Timken Co., Harbin Bearing Group, Wafangdian Bearing Co. Ltd., SKF Group, NTN Corp., Asahi Seiko Co. Ltd., Brammer PLC, Schaeffler Group, ThyssenKrupp AG, RBC Bearings, Rexnord Corp., JTEKT Corp., NSK Ltd., GGB Bearing Technology, Daido Metal Co. Ltd., and Danaher Corp. Company profile includes assign such as company summary, financial summary, business strategy and planning, SWOT analysis and current developments.
The Top Companies Report is intended to provide our buyers with a snapshot of the industry’s most influential players.
The Bearing Market has been segmented as below:
By Product Segment Analysis
Roller Bearing
Plain Bearing
Unmounted Ball Bearings
Others
By Component Analysis
Rings
Cages
Rollers
Balls
Others
By End User Analysis
Oilfield Machinery
Farm and Garden Machinery
Construction Machinery
Power Transmission Equipment
Aerospace Equipment
Motor Vehicles
Other Machinery
By Regional Analysis
North America
Europe
Asia-Pacific
Rest of the World
Reasons to Buy this Report:
1) Obtain the most up to date information available on all bearings.
2) Identify growth segments and opportunities in the industry.
3) Facilitate decision making on the basis of strong historic and forecast of bearing data.
4) Assess your competitor’s refining portfolio and its evolution.
Customization:
We can offer you custom research reports as per client’s special requirements.
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Testing, Inspection and Certification Market
1 INTRODUCTION
1.1 Key Take Aways
1.2 Report Description
1.3 Markets Covered
1.4 Stakeholders
1.5 Research Methodology
1.5.1 Market Size
1.5.2 Market Share
1.5.3 Key Data Points From Secondary Sources
1.5.4 Key Data Points From Primary Sources
2 Research Methodology
2.1 Research Data
2.2 Secondary Data
2.2.1 Key Secondary Sources
2.2.2 Key Data From Secondary Sources
2.3 Primary Data
2.3.1 Sampling Techniques & Data Collection Methods
2.4 Factor Analysis
2.4.1 Introduction
2.4.2 Demand Side Analysis
2.4.2.1 Easy Availability
2.4.2.2 Options Available in Terms of Brands & Price
2.4.2.3 Increasing Awareness Regarding Vehicle Maintenance
2.4.2.4 Increasing Miles Driven
2.4.3 Supply Side Analysis
2.4.3.1 Technological Advancements
2.4.3.2 Rise in Raw Material Prices
2.5 Market Size Estimation
2.6 Assumptions
3 Executive Summary
4 Premium Insights
4.1 Introduction
4.2 Global Automotive Bearing OEM Market
4.3 Global Automotive Bearing OEM Market Growth (2018–2024), By Country
4.4 Global Automotive Bearing OEM Market Growth (2018–2024), By Application
4.5 Global Automotive Bearings Aftermarket Growth (2018–2024), By Region
4.6 Global Automotive Bearing OEM Market Growth (2018–2024), By Bearing Type
4.7 Global Two-Wheeler Bearing OEM Market Growth (2018–2024), By Bearing Type
5 Market Overview
5.1 Introduction
5.2 Market Segmentation
5.3 Market Dynamics
5.3.1 Drivers
5.3.1.1 Increasing Average Age of Vehicles
5.3.1.2 Increasing Vehicle Production
5.3.1.3 Growing Demand for Off-Highway and Two-Wheeler Vehicles
5.3.1.4 E-Tailing
5.3.2 Restraints
5.3.2.1 Counterfeit Automotive Products
5.3.2.2 Increasing Raw Material Prices
5.3.2.3 Longer Lifespan of Bearings Due to Improved Technology
5.3.3 Opportunities
5.3.3.1 Right to Repair Act
5.3.3.2 Private Labelling
5.3.3.3 Advent of More Efficient Materials
5.3.4 Challenge
5.3.4.1 Increasing Participation of OEMs in the Aftermarket
5.4 Porter’s Five Forces Analysis
5.4.1 Threat of New Entrants
5.4.2 Threat of Substitutes
5.4.3 Bargaining Power of Buyers
5.4.4 Bargaining Power of Suppliers
5.4.5 Intensity of Competitive Rivalry
5.5 Value Chain Analysis
6 Global Automotive Bearing OEM Market, By Region
6.1 Pest Analysis
6.1.1 Political Factors
6.1.1.1 Europe
6.1.1.2 Asia-Pacific
6.1.1.3 North America
6.1.1.4 Rest of World
6.1.2 Economic Factors
6.1.2.1 Europe
6.1.2.2 Asia-Pacific
6.1.2.3 North America
6.1.2.4 Rest of the World
6.1.3 Social Factors
6.1.3.1 Europe
6.1.3.2 Asia-Pacific
6.1.3.3 North America
6.1.3.4 Rest of the World
6.1.4 Technological Factors
6.1.4.1 Europe
6.1.4.2 Asia-Pacific
6.1.4.3 North America
6.1.4.4 Rest of the World
6.2 Introduction
6.3 Asia-Pacific
6.3.1 China
6.3.2 Japan
6.3.3 India
6.4 Europe
6.4.1 Germany
6.4.2 France
6.5 North America
6.5.1 U.S.
6.5.2 Canada
6.5.3 Mexico
6.6 RoW
6.6.1 Brazil
6.6.2 Russia
7 Global Automotive Bearing OEM Market By Vehicle Type
7.1 Introduction
7.2 Passenger Car
7.3 LCV
7.4 HCV
7.5 Two-Wheeler
8 Global Automotive Bearing OEM Market By Type
8.1 Introduction
8.2 Automotive Bearings, By Type
8.2.1 Ball Bearings
8.2.2 Roller Bearing
8.3 Two-Wheeler Bearing, By Type
9 Global Automotive Bearing Market, By Application
9.1 Introduction
9.2 Automotive Bearing Application
9.2.1 Wheel Hub
9.2.2 Transmission System
9.2.3 Engine
9.2.4 Interior
9.3 Two-Wheeler Bearing Application
10 Global Automotive Bearing Aftermarket, By Region
10.1 Introduction
10.2 Asia-Pacific
10.3 Europe
10.4 North America
10.5 RoW
11 Global Automotive Bearing After-Market, Vehicle Type
11.1 Introduction
12 Global Automotive Bearing Aftermarket, By Application
12.1 Introduction
13 Off-Highway Vehicles, Global Automotive Bearing Market Outlook
14 The Counterfeit Market
15 Competitive Landscape
15.1 Overview
15.2 Market Share Analysis, Global Automotive Bearing Market
15.3 Competitive Situation and Trends
15.4 Battle for Market Share: New Product Launch Was the Key Strategy
15.5 New Product Launches and Developments
15.6 Expansions
15.7 Agreements, Partnerships, Collaborations, Investments, and Joint Ventures
15.8 Mergers and Acquisitions
16 Company Profiles
16.1 Introduction
16.2 Timken Company
16.3 Svenska Kullagerfabriken AB
16.4 Schaeffler AG.
16.5 Jtekt Corporation
16.6 NTN Corporation
16.7 Iljin Bearing Co., Ltd.
16.8 ORS Bearings
16.9 CW Bearing
16.10 C&U Bearing
16.11 RKB Bearings
16.12 RBC Bearings
16.13 Nachi Fujikoshi Corp.
16.14 NSK Ltd.
16.15 Wafangdian Bearing Group Corp
16.16 Minebea Co., Ltd.
16.17 SNL Bearings Ltd.
The Bearing Market has been segmented as below:
By Product Segment Analysis
Roller Bearing
Plain Bearing
Unmounted Ball Bearings
Others
By Component Analysis
Rings
Cages
Rollers
Balls
Others
By End User Analysis
Oilfield Machinery
Farm and Garden Machinery
Construction Machinery
Power Transmission Equipment
Aerospace Equipment
Motor Vehicles
Other Machinery
By Regional Analysis
North America
Europe
Asia-Pacific
Rest of the World
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