Bearing Market 2018
Bearing Market Share, Size, Trends, And Business Opportunity Analysis Report 2018 include historic data, with forecast data to 2022. Bearing Market report is helpful for future strategy development, and to know about Market Drivers, Restraints, Opportunities, And Global market size, share, Growth, Trends, key players forecast to 2022
Global Bearing Market Information Report, by Product (Plain Bearings, Ball Bearings, Roller Bearings and others), by Application (Automotive, Electronics, Aerospace, Construction and others) and By Region – Global Forecast to 2022
Bearings are used in the automotive and other machinery to constraint the relative motion to the motion desired and reduce friction between the moving parts of the machinery. All bearings provide some common type of motions such as door motion, linear motion, spherical rotation and shaft rotation. The global bearing market is expected to be driven by the increase in manufacturing of durable goods.
On the basis of product type, the ball bearing is dominating the bearing market with the increase in investments across railway & aerospace sectors. The increase in air traffic reflects that there is substantial increase in the demand of commercial aircrafts, which is driving the sales of the bearing market in the forecast period. On the basis of application, automotive segment has the largest market share in the bearing market. The implementation of technologically advanced solutions in the automotive sector is driving the bearing market. The anti-lock braking system used in automobiles is further driving the growth of bearing market.
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The key players of Bearing Market are NTN Corporation (Japan), Svenska Kullagerfabriken AB (Sweden), Schaeffler Group (Germany), NSK Ltd. (Japan), The Timken Company (U.S.), JTEKT Corporation (Japan), Robert Bosch GmbH (Japan), The Danaher Corporation (U.S.), GKN plc.(U.K.) Minebea Mitsumi, Inc. (Japan) and others.
In November 2015, Kaman Corporation announced that its aerospace segment has completed the acquisition of GRW Bearing GmbH (GRW), a German-based designer and manufacturer of super precision, miniature ball bearings.
In June 2015 NKE launched the new rolling bearings for agricultural machinery. These bearings possess a rotating union between a disc-shaped tool and its mounting arm.
SKF and GE Oil & Gas signed a non-exclusive collaboration agreement to further develop the use of active magnetic bearing technologies within the oil and gas sector.
RBC Bearings Incorporated, a leading international manufacturer of roller and ball bearings for the industrial, defense and aerospace industries, announced that it has acquired the assets of CBS/Coastal Bearing Services for approximately USD 3.7 million.
Bearing Market – Segmentation
Global Bearing Market is segmented in to two key dynamics for an easy grasp and enhanced understanding.
On the basis of Product, market is segmented into Plain Bearings, Ball Bearings, Roller Bearings and others. Ball bearing dominating the product segment of bearing market. Ball bearing reducing the friction. They are widely used in both two and four-wheeled automobiles. However, roller bearings is expected to grow at a highest CAGR during the forecast period. The wide adoption of roller bearings by numerous industries, including home appliances, automobiles, and the aerospace industry, is expected to positively impact the product demand.
On the basis of Application, market is segmented into Automotive, Electronics, Aerospace, Construction and others. Automotive dominating the application segment of the bearing market. Increasing the implementation of technologically enhance solutions in the automotive sector is driving the demand of the bearing market. Furthermore, the anti-lock braking system used in automobiles is also pouring the growth of bearing market.
Segmentation by Regions: Comprises Geographical regions – North America, Europe, Asia Pacific and Rest of the World.
Regional Analysis of Bearing Market
The bearing market can be geographically segmented into North America, Europe, Asia Pacific (APAC) and Rest of the World (ROW). Asia-Pacific is expected to dominate the global bearing market due to the huge growth of the automotive sector in the region. The government policies in nations such as India allow 100% FDI in the auto sector. These government initiatives help in boosting the bearing market in the region.
- Bearing manufacturers
- Distributer & Supplier companies
- End Users
- consultants and Investment bankers
- Government as well as Independent Regulatory Authorities
- Product matrix which gives a detailed comparison of the market for different recycled product types
- Regulatory Landscape
- Pricing Analysis
- Macroeconomic Indicators
- Geographical analysis across 15 countries
- Profiling of 10 key market players
- In-depth analysis including SWOT analysis, and strategy information of related to report title
- Competitive landscape including emerging trends adopted by major companies
The report for Bearing Market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.
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