Global Bearings Market Analysis and Forecasts to 2027: China, Asia-Pacific & Other Developing Regions Continue to Drive Market Growth

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Sep 11, 2020, 18:45 ET

DUBLIN, Sept. 11, 2020 /PRNewswire/ -- The "Bearings - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.

The global market for bearings is projected to reach US$131. 8 billion by 2025, driven by their indispensable and ubiquitous importance in machines. Bearings enable rotational or linear movement; reduce friction between moving rotary components in various industrial products and mechanical components; in addition to supporting rotating parts for achieving desired motion; managing stress; and reducing energy consumption for machineries. The precision-made components enable machinery, operating at high speeds, to carry huge amounts of load efficiently and easily. Depending on the application, there are different principles on which these bearings are designed and run. Bearings mainly help decrease the impact of friction in moving parts, thereby reducing energy losses in the form of heat during the process. They reduce wear and tear between moving parts to a large extent, facilitating ease in power transmission. Attributes, such as safety, reliability, and longevity of most mechanical products are closely related to the accurate design and installation of bearings. Bearings are utilized by a broad range of industries, and are manufactured in different types and sizes. Application of bearings are enormous, ranging from unground bearings employed in roller skates to super precision bearings, utilized in aerospace machinery. The size range can be witnessed in extremely small bearings employed for computer drives and precision medical equipment, to extremely large bearings involved in mining and power generation applications.

Almost every load, vibration, and stress that influences a machine's functioning should eventually be managed by the bearings. Bearings, therefore, become vital for proper functioning of the systems. The machine stops working if a bearing crashes. Additionally, as bearings face critical operating conditions, they serve as a critical point for sensing and evaluating the overall condition of machines. Efforts to improve offerings span from quality and cleanliness of raw materials used in steel plants and manufacturing techniques through to product packaging as well as logistics management to deter spurious products. While new designs and cage materials reduce heat generation and accelerate operations, the use of sophisticated designs extends overall lifespan of products. Manufacturers tightly control surface finish of internal components for extending service life of bearings. Recent advances also focus on addressing certain issues attributed to changes in operating conditions or requirements. Innovative options push existing capabilities of equipment under more severe operating conditions or address more stringent demands of end-use applications. New bearing materials including heat treatment and material chemistry overcome the negative impact of issues like hard particle contamination, inadequate lubrication conditions, water intrusion, hydrogen embrittlement and corrosion.

Key Topics Covered:

I. INTRODUCTION, METHODOLOGY & REPORT SCOPE

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

Impact of Covid-19 and a Looming Global Recession
An Introduction to Bearings
Raw Materials Used in Bearings Manufacturing
Bearings: Current Market Scenario and Outlook
Roller Bearings: Largest & Fastest Growing Product Segment
Types of Roller Bearings
Ball Bearings: Second Major Product Category
Types of Ball Bearings
Other Bearing Types - Plain, Air, Magnetic, & Gas - Remain in Contention
China, Asia-Pacific & Other Developing Regions Continue to Drive Market Growth
Economic Scenario and its Influence on Bearings Market
Global Economic Outlook: Real GDP Growth Rates in % by Country/Region for the Years 2018 through 2021
Competitive Scenario
Recent Market Activity
Suppliers Focus on Innovations and Advancements in Bearing Technology
Collaboration between Bearing and Equipment Manufacturers for Optimal Bearing Designs
Chinese Companies Playing Significant Role
Global Competitor Market Shares
Bearings Competitor Market Share Scenario Worldwide (in %): 2019

2. FOCUS ON SELECT PLAYERS

Brammer PLC
Tenneco Inc.
Harbin Bearing Manufacturing Co., Ltd.
HKT Bearings Ltd.
igus
JTEKT Corporation
MinebeaMitsumi, Inc.
Nachi-Fujikoshi Corp.
NSK Ltd
NTN Corporation
RBC Bearings, Inc.
Rexnord Corporation
Schaeffler AG
SKF Group
SNL Bearings Limited
The Timken Company
Wafangdian Bearing Group Corp., Ltd.

3. MARKET TRENDS & DRIVERS4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

GEOGRAPHIC MARKET ANALYSIS

IV. COMPETITION

For more information about this report visit https://www.researchandmarkets.com/r/4o6feo

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