Bearing Industry Worth at USD 180 Billion by 2022 –Foresight Research

“Bearing Industry”
Bearing Market is expected to cross the market size of USD 180 billion by the end of 2022, by type, by application | Bearing Market

Bearing Market are used majorly in automotive along with other movable devices. The bearing market is dependent on various installations such as engine bearing, steering system bearing, transmission system bearing and air-conditioner bearing. The major driver of growth in bearing mar[p1] ket is the growth in the automotive industry for achieving energy efficiency. Bearings are necessary for all applications that require motion such as in households, industrial machinery and automobiles, which [p2] in turn are contributing to the growth of the global bearing market. 

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Market Research Analysis

The market is highly application driven. The automotive sector is dominating the bearing market because of increase in demand for technologically advanced vehicles. Many large automotive players are investing in R&D for developing innovative products to sustain the market growth. The regulation of electronic stability controls with support from vibration data collected by these devices is contributing to the growth of this market. 

Key Player

  • 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) 

Regional Analysis

Asia-Pacific region is expected to dominate the bearing market with the highest CAGR due to the rapid industrialization in the region. The infrastructural developments in the region are also contributing to the growth of bearing market.  Countries in APAC region such as Japan, and China are developing significantly in sectors such as automotive and wind energy which is expected to drive the bearing market. Global bearing market is expected to cross the market size of USD 180 billion by the end of 2022 

Scope of the Report

This study provides an overview of the global bearing market, tracking two market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia Pacific (APAC) and Rest of the World (ROW). The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global bearing market by its products, application and region. 

By Product

  • Plain bearings
  • Ball bearings
  • Roller bearings
  • Others

By Application

  • Automotive
  • Electronics
  • Aerospace
  • construction
  • Others

By Region

  • North America 
  • Asia Pacific 
  • Europe
  • Rest of the World   

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Taste the market data and market information presented through more than 85 market data tables and figures spread in 140 numbers of pages of the project report. Avil the in-depth table of content TOC & market synopsis on “Global Bearing Market Information from 2016 to 2022” 

List of Figures

Figure 1 Research Type

Figure 2 Global Engineering Plastic Market: By Product (%)

Figure 3 Global Engineering Plastic Market: By Application (%)

Figure 4 Global Engineering Plastic Market: By Region

Figure 5 North America Engineering Plastic Market, By Product (%)

Figure 6 North America Engineering Plastic Market, By Application (%)


Table of Content

1   Executive Summary

2   Research Methodology

2.1 Scope of the Study

2.2 Research Process

3   Market Dynamics

4   Global Engineering Plastic Market, By Products

4.1 Plain bearings

4.2 Ball bearings

4.3 Roller bearings

5   Global Engineering Plastic Market, By Application

5.1 Introduction

5.2 Automotive

5.3 Electronics

5.4 Aerospace

5.5 construction

6   Regional Market Analysis

7   Competitive Analysis 

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