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Bearings market to grow by USD 11.02 billion through 2025|Impacts of Drivers and Challenges | Technavio

Technavio (PRNewsfoto/Technavio)

News provided by

Technavio

Jun 02, 2021, 11:00 ET

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NEW YORK, June 2, 2021 /PRNewswire/ -- The bearings market is expected to grow by USD 11.02 billion during 2021-2025, according to the new report from Technavio This marks a significant market slow down compared to the 2020 growth estimates due to the impact of the COVID-19 pandemic, in the first half of 2021. In addition, the report projects the market to accelerate at a CAGR of about 3%.

Technavio's in-depth market research reports include value chain analysis and validation techniques to help industry leaders improve their business.
Download FREE Sample Report

Technavio has announced its latest market research report titled Bearings Market by Product, End-user, and Geography - Forecast and Analysis 2021-2025
Technavio has announced its latest market research report titled Bearings Market by Product, End-user, and Geography - Forecast and Analysis 2021-2025

Read the 120-page report with TOC on "Bearings Market Analysis Report by Product (Anti-friction bearings, Magnetic bearings, and Other bearings), End-user (Automotive industry, Heavy industry, ARS industry, and Others), and Geography (APAC, Europe, North America, South America, and MEA), and the Segment Forecasts,2021-2025". Gain competitive intelligence about market leaders. Track key industry opportunities, trends, and threats. Information on marketing, brand, strategy and market development, sales, and supply functions.
More Details: https://www.technavio.com/report/report/bearings-market-industry-analysis

The bearings market is driven by the strong demand for high-quality bearings. In addition, the growing adoption of automation in the manufacturing process is anticipated to boost the growth of the Bearings Market.

The high-quality bearings employed in industrial goods and household appliances reduces friction, ensures more efficient, less energy-intensive, and more environment-friendly operations. The machine with less friction lasts longer and reduces the breakdown time, which further results in high productivity. Adopting advanced bearings helps most of the vendors to control the manufacturing cost by reducing the frictional losses significantly. In addition, OEMs are more concerned about increased safety requirements through low fuel consumption and emissions, which will further drive the demand for highly reliable customized bearings during the forecast period.

Buy 1 Technavio report and get the second for 50% off. Buy 2 Technavio reports and get the third for free.

View market snapshot before purchasing

Major Five Bearings Companies:

ASAHI SEIKO Co. Ltd.

ASAHI SEIKO Co. Ltd. offers different types of bearings including ball bearings, aluminum housed bearings, eco series stainless silver bearings, thermoplastic housed bearings, high-temperature non-regreasable bearings, rolling bearings, high-temperature submersible bearings, and triple-sealed ball bearings.

C&U Group

C&U Group offers different types of bearings including ball bearings, roller bearings, constant velocity joints, ISB, WPB, slewing bearings, and wheel hub bearings.

JTEKT Corp.

JTEKT Corp. offers different types of bearings including ball bearings and roller bearings by the brand name of Koyo.

LYC Bearing Corp.

LYC Bearing Corp. offers different type of bearings including ball bearings, roller bearings, railway bearings, hub bearings, slewing bearings, spherical plain bearings, one-way bearings, pillow blocks bearing, thin section bearings, and clutch bearings.

NSK Ltd.

NSK Ltd. offers different types of bearings including rolling bearings, super-precision bearings, ball bearings, and auto aftermarket bearings.

Bearings Market Product Outlook (Revenue, USD billion, 2020-2025)

  • Anti-friction bearings - size and forecast 2020-2025
  • Magnetic bearings - size and forecast 2020-2025
  • Other bearings - size and forecast 2020-2025

Bearings Market End-user Outlook (Revenue, USD billion, 2020-2025)

  • Automotive industry - size and forecast 2020-2025
  • Heavy industry - size and forecast 2020-2025
  • ARS industry - size and forecast 2020-2025
  • Others - size and forecast 2020-2025

Bearings Market Geography Outlook (Revenue, USD billion, 2020-2025)

  • APAC - size and forecast 2020-2025
  • Europe - size and forecast 2020-2025
  • North America - size and forecast 2020-2025
  • South America - size and forecast 2020-2025
  • MEA - size and forecast 2020-2025

Know more about Techanavio's analysis on the impact of Disruption Threats comparing Disruptive sources and Factors driving disruption
Download FREE Sample Report

Related Reports on Industrials Include:

Global Industrial Fastener Seal Market- The industrial fastener seal market is segmented by product (ring type seals, static seals, thread seals, and specialty products), end-user (process industries and discrete industries), geography (APAC, North America, Europe, South America, and MEA), and distribution channel (sales through OEMs and direct sales to end-users).
Download FREE Sample Report

Global Arc Welding Robots Market- The arc welding robots market is segmented by product (consumable method and non-consumable method) and geography (APAC, Europe, North America, South America, and MEA).
Download FREE Sample Report

About Technavio
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com/
Newsroom: https://www.technavio.com/news/bearingsmarket
Report Page: https://www.technavio.com/report/bearings-market-industry-analysis

SOURCE Technavio

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http://www.technavio.com/

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