September 23, 2021

Bearing Market Revenue to Hit US$ 195 Billion by 2027

Precedence Research has published a new report titledBearing Market (By Product: Roller Bearing, Ball Bearing, Plain Bearing; By Application: Oil & Gas, Agriculture, Automotive, Power Transmission, Construction, Aerospace, and Others; By Material: Ceramic, Plastic, and Metal; By Type: Mounted Bearing and Unmounted Bearing; By Distribution Channel: Offline and Online; By Component: Cages, Balls, Rings, Rollers, and Others) – Global Market Size, Trends Analysis, Segment Forecasts, Regional Outlook 2020 – 2027, the report contains 250+ pages with detailed analysis.

The global bearing market research report gives a brief summary of definitions, size analysis and place of production, sales, applications, types, and major players/key vendors of the bearing industry. The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.

This research study also integrates Industry Chain analysis and Porter’s Five Forces Analysis. Further, this report offers a competitive scenario that comprises collaborations, market concentration rate and expansions, mergers & acquisitions undertaken by companies. The report provides the overall revenue of the global bearing Market from 2016 to 2027, considering 2020 as the base year and 2027 as the forecast year.

Market Estimations:

Market Is Projected To Grow By 2027: US$ 195 Billion

Compound Annual Growth Rate (CAGR): 6.85 percent

Bearing Market Size 2020-2027

Bearings are mechanical assemblies comprises of rolling elements and typically outer and inner races that can beutilized for linear shaft or rotating applications. There are multiple kinds of bearings available in the market such as roller bearings, linear bearings, ball bearings along with mounted versions which are used in plain bearings or rolling element bearing. Ball bearings have sphere-shaped rolling elements employed for lower load applications. On the on other hand, roller bearings utilize cylindrical rolling elements for heavier load carrying works. Bearings diminish friction permitting smooth acceleration in automobiles, accurate microscopes, quiet running ceiling fans, and operative dental drills. Developments in anti-friction bearings have played an important role in the improved mobility of society in the last century.

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Growth Factors

Rising production of vehicles is directly prompting the sale for bearings employed in automotive sector. As per data presented by the International Organization of Motor Vehicle Manufacturers (OICA), passenger vehicles production on the global level was around 69 million units in 2018, recording a growth of 2.2% than earlier year. Bearings find application in machinery that required to be supervised continuously to safeguard consistency, competence, reliability, and cost efficacy of the operations. Forthcoming technologies including smart bearings may assist firms tocontinuously supervise bearing operations. These drivers are projected to offer alluring opportunities the global bearing marketplace.

Proliferating demand for high-performance bearings has caused in companies to incorporate enhanced sensor units in their products ranges. These sensor units aid in digital monitoring of deceleration, rotation speed, axial movement, acceleration, and load carrying capability of the product. Moreover, the arrival of Industrial Internet of Things (IIoT) has stimulated implementation and continual monitoring of connected machinery and equipment. Such trends are also expected to support the growth of global bearing market during years to come.

Regional Snapshots

Asia Pacific dominated the global bearing market in 2019 and anticipated to mirror this dominance throughout the forecast period. Stimulating demand from various end user sectors along with stress-free government regulations for establishing of small & medium engineering units is anticipated to lift the growth of the market in this region.

Europe appeared as second biggest market for bearings on account of presence of huge number of automotive manufacturers in the region. Europe is estimated to reveal huge growth because of the existence of large automobile production facilities and noteworthy demand for high-performance machines from power, construction, and aviation in the region. North America is also expected to exhibit substantial growth during years to come on account of promising government initiatives for the safety of passengers and vehicles. Likewise, steady economy, escalation in demand for bearings from numerous industry verticals including power, aerospace & defense and cutting-edge technology are together projected to lift growth of the market in North America in near future.

Report Highlights

  • Asia Pacific is expected to record fastest growing market with majority of market share in 2019.
  • The Industry 4.0 trend is one of the prime drivers which is anticipate to lift sale of bearings as industrial and factory automation gets thrust during years to come
  • Europe emerged as second largest bearing market due to presence of high number of automotive firms in the region
  • Augmented demand for dedicated bearing solutions that cater several industry specific specifications is expected to lift the demand of bearings worldwide
  • Automotive sector accounted for higher market share in 2019 due to upsurge in the global automotive production

Key Players & Strategies

Companies are continually strives to improve product designs to upsurge the energy effectiveness and performance. They utilize superior material for cages, raceways, and rolling elements plus redesigned raceway profiles. Additionally, technological progressions in lubrication and seal technologies and application of lightweight materials in high-performance products are promptingvastvisions for the firms. Incorporation of electro-mechanical features straight into the bearings aids in cutbacks in size and cost and improvement in the performance.

Bearing manufacturer SKF is greatly spending in the development of its bearings to keep up with the constantly growing requirement for novel and better bearings. For example, it has designed a variety of ball bearings that surges the mileage that hybrid or electric car can travel. This energy effective SKF e-Drive bearing work by diminishing the levels of heat andfriction andpermits car to travel more competently and advances the power density in order to prolong the battery life.

Prominent firms involved in the bearing market include JTEKT Corporation, NSK Ltd., Schaeffler AG, The Timken Company, SKF, MinebeaMitsumi Inc., NTN Bearing Corporation, Rexnord Corporation, Danaher, and RBC Bearings Incorporated among others.

Market Segmentation

By Product Type

  • Plain Bearing
  • Ball Bearing
    • Four-point Contact
    • Self-aligning
    • Deep Groove
    • Angular Contact
    • Others
  • Roller Bearing
  • Others

By Type

  • Mounted Bearing
  • Unmounted Bearing

By Material Type

  • Metal
    • Stainless Steel
    • Chrome Steel
    • Carbon Steel
    • Brass
    • Others
  • Plastic
  • Ceramic

By Distribution Channel Type

  • Offline
  • Online

By Component Type

  • Cages
  • Balls
  • Rollers
  • Rings
  • Others

By Application Type

  • Construction
  • Aerospace
  • Automotive
  • Power Transmission
  • Oil & Gas

By Regional Type

  • North America
    • U.S.
    • Canada
  • Europe
    • U.K.
    • Germany
    • France
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
  • Middle East & Africa
  • Latin America

TABLE OF CONTENT

Chapter 1. Introduction

1.1. Research Objective
1.2. Scope of the Study
1.3. Definition

Chapter 2. Research Methodology

2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations

Chapter 3. Executive Summary

3.1. Market Snapshot

Chapter 4. Market Variables and Scope

4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis

Chapter 5. Market Dynamics Analysis and Trends

5.1. Market Dynamics
5.1.1. Market Drivers
5.1.2. Market Restraints
5.1.3. Market Opportunities
5.2. Porter’s Five Forces Analysis
5.2.1. Bargaining power of suppliers
5.2.2. Bargaining power of buyers
5.2.3. Threat of substitute
5.2.4. Threat of new entrants
5.2.5. Degree of competition

Chapter 6. Competitive Landscape

6.1.1. Company Market Share/Positioning Analysis
6.1.2. Key Strategies Adopted by Players
6.1.3. Vendor Landscape
6.1.3.1. List of Suppliers
6.1.3.2. List of Buyers

Chapter 7. Global Bearing Market, By Product Type

7.1. Bearing Market, by Product Type, 2020-2027
7.1.1. Plain Bearing
7.1.1.1. Market Revenue and Forecast (2016-2027)
7.1.2. Ball Bearing
7.1.2.1. Market Revenue and Forecast (2016-2027)
7.1.3. Roller Bearing
7.1.3.1. Market Revenue and Forecast (2016-2027)
7.1.4. Other
7.1.4.1. Market Revenue and Forecast (2016-2027)

Chapter 8. Global Bearing Market, By Type

8.1. Bearing Market, by Type, 2020-2027
8.1.1. Mounted Bearing
8.1.1.1. Market Revenue and Forecast (2016-2027)
8.1.2. Unmounted Bearing
8.1.2.1. Market Revenue and Forecast (2016-2027)

Chapter 9. Global Bearing Market, By Material Type

9.1. Bearing Market, by Material Type, 2020-2027
9.1.1. Metal (Stainless Steel, Chrome Steel, Carbon Steel, Brass)
9.1.1.1. Market Revenue and Forecast (2016-2027)
9.1.2. Plastic
9.1.2.1. Market Revenue and Forecast (2016-2027)
9.1.3. Ceramic
9.1.3.1. Market Revenue and Forecast (2016-2027)

Chapter 10. Global Bearing Market, By Component Type

10.1. Bearing Market, by Component Type, 2020-2027
10.1.1. Cages
10.1.1.1. Market Revenue and Forecast (2016-2027)
10.1.2. Balls
10.1.2.1. Market Revenue and Forecast (2016-2027)
10.1.3. Rollers
10.1.3.1. Market Revenue and Forecast (2016-2027)
10.1.4. Rings
10.1.4.1. Market Revenue and Forecast (2016-2027)
10.1.5. Other
10.1.5.1. Market Revenue and Forecast (2016-2027)

Chapter 11. Global Bearing Market, By Distribution Channel

11.1. Bearing Market, by Distribution Channel, 2020-2027
11.1.1. Offline
11.1.1.1. Market Revenue and Forecast (2016-2027)
11.1.2. Online
11.1.2.1. Market Revenue and Forecast (2016-2027)

Chapter 12. Global Bearing Market, By Application

12.1. Bearing Market, by Application Type, 2020-2027
12.1.1. Construction
12.1.1.1. Market Revenue and Forecast (2016-2027)
12.1.2. Aerospace
12.1.2.1. Market Revenue and Forecast (2016-2027)
12.1.3. Automotive
12.1.3.1. Market Revenue and Forecast (2016-2027)
12.1.4. Power Transmission
12.1.4.1. Market Revenue and Forecast (2016-2027)
12.1.5. Oil & Gas
12.1.5.1. Market Revenue and Forecast (2016-2027)

Chapter 13. Global Bearing Market, Regional Estimates and Trend Forecast

13.1. North America
13.1.1. Market Revenue and Forecast, by Product (2016-2027)
13.1.2. Market Revenue and Forecast, by Type (2016-2027)
13.1.3. Market Revenue and Forecast, by Material (2016-2027)
13.1.4. Market Revenue and Forecast, by Component (2016-2027)
13.1.5. Market Revenue and Forecast, by Distribution Channel (2016-2027)
13.1.6. Market Revenue and Forecast, by Application (2016-2027)
13.1.7. U.S.
13.1.7.1. Market Revenue and Forecast, by Product (2016-2027)
13.1.7.2. Market Revenue and Forecast, by Type (2016-2027)
13.1.7.3. Market Revenue and Forecast, by Material (2016-2027)
13.1.7.4. Market Revenue and Forecast, by Component (2016-2027)
13.1.8. Market Revenue and Forecast, by Distribution Channel (2016-2027)
13.1.8.1. Market Revenue and Forecast, by Application (2016-2027)
13.1.9. Rest of North America
13.1.9.1. Market Revenue and Forecast, by Product (2016-2027)
13.1.9.2. Market Revenue and Forecast, by Type (2016-2027)
13.1.9.3. Market Revenue and Forecast, by Material (2016-2027)
13.1.9.4. Market Revenue and Forecast, by Component (2016-2027)
13.1.10. Market Revenue and Forecast, by Distribution Channel (2016-2027)
13.1.11. Market Revenue and Forecast, by Application (2016-2027)
13.2. Europe
13.2.1. Market Revenue and Forecast, by Product (2016-2027)
13.2.2. Market Revenue and Forecast, by Type (2016-2027)
13.2.3. Market Revenue and Forecast, by Material (2016-2027)
13.2.4. Market Revenue and Forecast, by Component (2016-2027)
13.2.5. Market Revenue and Forecast, by Distribution Channel (2016-2027)
13.2.6. Market Revenue and Forecast, by Application (2016-2027)
13.2.8. UK
13.2.8.1. Market Revenue and Forecast, by Product (2016-2027)
13.2.8.2. Market Revenue and Forecast, by Type (2016-2027)
13.2.8.3. Market Revenue and Forecast, by Material (2016-2027)
13.2.9. Market Revenue and Forecast, by Component (2016-2027)
13.2.10. Market Revenue and Forecast, by Distribution Channel (2016-2027)
13.2.10.1. Market Revenue and Forecast, by Application (2016-2027)
13.2.11. Germany
13.2.11.1. Market Revenue and Forecast, by Product (2016-2027)
13.2.11.2. Market Revenue and Forecast, by Type (2016-2027)
13.2.11.3. Market Revenue and Forecast, by Material (2016-2027)
13.2.12. Market Revenue and Forecast, by Component (2016-2027)
13.2.13. Market Revenue and Forecast, by Distribution Channel (2016-2027)
13.2.14. Market Revenue and Forecast, by Application (2016-2027)
13.2.15. France
13.2.15.1. Market Revenue and Forecast, by Product (2016-2027)
13.2.15.2. Market Revenue and Forecast, by Type (2016-2027)
13.2.15.3. Market Revenue and Forecast, by Material (2016-2027)
13.2.15.4. Market Revenue and Forecast, by Component (2016-2027)
13.2.16. Market Revenue and Forecast, by Distribution Channel (2016-2027)
13.2.16.1. Market Revenue and Forecast, by Application (2016-2027)
13.2.17. Rest of Europe
13.2.17.1. Market Revenue and Forecast, by Product (2016-2027)
13.2.17.2. Market Revenue and Forecast, by Type (2016-2027)
13.2.17.3. Market Revenue and Forecast, by Material (2016-2027)
13.2.17.4. Market Revenue and Forecast, by Component (2016-2027)
13.2.18. Market Revenue and Forecast, by Distribution Channel (2016-2027)
13.2.18.1. Market Revenue and Forecast, by Application (2016-2027)
13.3. APAC
13.3.1. Market Revenue and Forecast, by Product (2016-2027)
13.3.2. Market Revenue and Forecast, by Type (2016-2027)
13.3.3. Market Revenue and Forecast, by Material (2016-2027)
13.3.4. Market Revenue and Forecast, by Component (2016-2027)
13.3.5. Market Revenue and Forecast, by Distribution Channel (2016-2027)
13.3.6. Market Revenue and Forecast, by Application (2016-2027)
13.3.7. India
13.3.7.1. Market Revenue and Forecast, by Product (2016-2027)
13.3.7.2. Market Revenue and Forecast, by Type (2016-2027)
13.3.7.3. Market Revenue and Forecast, by Material (2016-2027)
13.3.7.4. Market Revenue and Forecast, by Component (2016-2027)
13.3.8. Market Revenue and Forecast, by Distribution Channel (2016-2027)
13.3.9. Market Revenue and Forecast, by Application (2016-2027)
13.3.10. China
13.3.10.1. Market Revenue and Forecast, by Product (2016-2027)
13.3.10.2. Market Revenue and Forecast, by Type (2016-2027)
13.3.10.3. Market Revenue and Forecast, by Material (2016-2027)
13.3.10.4. Market Revenue and Forecast, by Component (2016-2027)
13.3.11. Market Revenue and Forecast, by Distribution Channel (2016-2027)
13.3.11.1. Market Revenue and Forecast, by Application (2016-2027)
13.3.12. Japan
13.3.12.1. Market Revenue and Forecast, by Product (2016-2027)
13.3.12.2. Market Revenue and Forecast, by Type (2016-2027)
13.3.12.3. Market Revenue and Forecast, by Material (2016-2027)
13.3.12.4. Market Revenue and Forecast, by Component (2016-2027)
13.3.12.5. Market Revenue and Forecast, by Distribution Channel (2016-2027)
13.3.12.6. Market Revenue and Forecast, by Application (2016-2027)
13.3.13. Rest of APAC
13.3.13.1. Market Revenue and Forecast, by Product (2016-2027)
13.3.13.2. Market Revenue and Forecast, by Type (2016-2027)
13.3.13.3. Market Revenue and Forecast, by Material (2016-2027)
13.3.13.4. Market Revenue and Forecast, by Component (2016-2027)
13.3.13.5. Market Revenue and Forecast, by Distribution Channel (2016-2027)
13.3.13.6. Market Revenue and Forecast, by Application (2016-2027)
13.4. MEA
13.4.1. Market Revenue and Forecast, by Product (2016-2027)
13.4.2. Market Revenue and Forecast, by Type (2016-2027)
13.4.3. Market Revenue and Forecast, by Material (2016-2027)
13.4.4. Market Revenue and Forecast, by Component (2016-2027)
13.4.5. Market Revenue and Forecast, by Distribution Channel (2016-2027)
13.4.6. Market Revenue and Forecast, by Application (2016-2027)
13.4.7. GCC
13.4.7.1. Market Revenue and Forecast, by Product (2016-2027)
13.4.7.2. Market Revenue and Forecast, by Type (2016-2027)
13.4.7.3. Market Revenue and Forecast, by Material (2016-2027)
13.4.7.4. Market Revenue and Forecast, by Component (2016-2027)
13.4.8. Market Revenue and Forecast, by Distribution Channel (2016-2027)
13.4.9. Market Revenue and Forecast, by Application (2016-2027)
13.4.10. North Africa
13.4.10.1. Market Revenue and Forecast, by Product (2016-2027)
13.4.10.2. Market Revenue and Forecast, by Type (2016-2027)
13.4.10.3. Market Revenue and Forecast, by Material (2016-2027)
13.4.10.4. Market Revenue and Forecast, by Component (2016-2027)
13.4.11. Market Revenue and Forecast, by Distribution Channel (2016-2027)
13.4.12. Market Revenue and Forecast, by Application (2016-2027)
13.4.13. South Africa
13.4.13.1. Market Revenue and Forecast, by Product (2016-2027)
13.4.13.2. Market Revenue and Forecast, by Type (2016-2027)
13.4.13.3. Market Revenue and Forecast, by Material (2016-2027)
13.4.13.4. Market Revenue and Forecast, by Component (2016-2027)
13.4.13.5. Market Revenue and Forecast, by Distribution Channel (2016-2027)
13.4.13.6. Market Revenue and Forecast, by Application (2016-2027)
13.4.14. Rest of MEA
13.4.14.1. Market Revenue and Forecast, by Product (2016-2027)
13.4.14.2. Market Revenue and Forecast, by Type (2016-2027)
13.4.14.3. Market Revenue and Forecast, by Material (2016-2027)
13.4.14.4. Market Revenue and Forecast, by Component (2016-2027)
13.4.14.5. Market Revenue and Forecast, by Distribution Channel (2016-2027)
13.4.14.6. Market Revenue and Forecast, by Application (2016-2027)
13.5. Latin America
13.5.1. Market Revenue and Forecast, by Product (2016-2027)
13.5.2. Market Revenue and Forecast, by Type (2016-2027)
13.5.3. Market Revenue and Forecast, by Material (2016-2027)
13.5.4. Market Revenue and Forecast, by Component (2016-2027)
13.5.5. Market Revenue and Forecast, by Distribution Channel (2016-2027)
13.5.6. Market Revenue and Forecast, by Application (2016-2027)
13.5.7. Brazil
13.5.7.1. Market Revenue and Forecast, by Product (2016-2027)
13.5.7.2. Market Revenue and Forecast, by Type (2016-2027)
13.5.7.3. Market Revenue and Forecast, by Material (2016-2027)
13.5.7.4. Market Revenue and Forecast, by Component (2016-2027)
13.5.8. Market Revenue and Forecast, by Distribution Channel (2016-2027)
13.5.8.1. Market Revenue and Forecast, by Application (2016-2027)
13.5.9. Rest of LATAM
13.5.9.1. Market Revenue and Forecast, by Product (2016-2027)
13.5.9.2. Market Revenue and Forecast, by Type (2016-2027)
13.5.9.3. Market Revenue and Forecast, by Material (2016-2027)
13.5.9.4. Market Revenue and Forecast, by Component (2016-2027)
13.5.9.5. Market Revenue and Forecast, by Distribution Channel (2016-2027)
13.5.9.6. Market Revenue and Forecast, by Application (2016-2027)

Chapter 14. Company Profiles

14.1. SKF
14.1.1. Company Overview
14.1.2. Product Offerings
14.1.3. Financial Performance
14.1.4. Recent Initiatives
14.2. The Timken Company
14.2.1. Company Overview
14.2.2. Product Offerings
14.2.3. Financial Performance
14.2.4. Recent Initiatives
14.3. Rexnord Corporation
14.3.1. Company Overview
14.3.2. Product Offerings
14.3.3. Financial Performance
14.3.4. Recent Initiatives
14.4. MinebeaMitsumi Inc.
14.4.1. Company Overview
14.4.2. Product Offerings
14.4.3. Financial Performance
14.4.4. Recent Initiatives
14.5. NSK Ltd
14.5.1. Company Overview
14.5.2. Product Offerings
14.5.3. Financial Performance
14.5.4. Recent Initiatives
14.6. Schaeffler AG
14.6.1. Company Overview
14.6.2. Product Offerings
14.6.3. Financial Performance
14.6.4. Recent Initiatives
14.7. RBC Bearings Incorporated
14.7.1. Company Overview
14.7.2. Product Offerings
14.7.3. Financial Performance
14.7.4. Recent Initiatives
14.8. JTEKT Corporation
14.8.1. Company Overview
14.8.2. Product Offerings
14.8.3. Financial Performance
14.8.4. Recent Initiatives
14.9. NTN Bearing Corporation
14.9.1. Company Overview
14.9.2. Product Offerings
14.9.3. Financial Performance
14.9.4. Recent Initiatives
14.10. Danaher
14.10.1. Company Overview
14.10.2. Product Offerings
14.10.3. Financial Performance
14.10.4. Recent Initiatives

Chapter 15. Research Methodology

15.1. Primary Research
15.2. Secondary Research
15.3. Assumptions

Chapter 16. Appendix

16.1. About Us
16.2. Glossary of Terms

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Precedence Research is a worldwide market research and consulting organization. We give unmatched nature of offering to our customers present all around the globe across industry verticals. Precedence Research has expertise in giving deep-dive market insight along with market intelligence to our customers spread crosswise over various undertakings.

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