Raipur, May 12, 2022 (GLOBE NEWSWIRE) -- Stratview Research, a global market research firm announces the release of the report titled – ‘General Machinery Bearings Market’ which provides an in-depth analysis of the market dynamics, current and emerging trends, industry forecast, and competitive landscape.
What are General Machinery Bearings?
The general machinery covers a variety of machines such as engines, pumps, compressors, fans, and electric motors, for a variety of markets, including agricultural, food & beverage, industrial, health, and consumer durables. The manufacturing of general machinery is a major development axis for traditional industries. Bearings used in general machinery endure demanding operating conditions.
How does this report help?
This report helps the users in several ways. The user can –
- Gain a deeper understanding of the market and the impact of Covid-19 on the market.
- Get rigorous analysis and progressive insights into the market across the globe.
- Assess current and future market trends, and challenges of the market.
- Gain a comprehensive view on the growth strategies of the key players.
- Get updates related to recent changes, M&As, new product launches, and many such news related to the market, and even more.
Market Segmentation –
- Bearing Type –
- Ball Bearing – Angular Contact Ball Bearing, Deep Groove Ball Bearing, Others.
- Roller Bearing – Tapered Roller Bearing, Spherical Roller Bearing, Cylindrical Roller Bearing, and Others.
- Material Type – Metallic Bearings, Non-Metallic Bearings, and Hybrid Bearings.
- Application Type – Industrial Compressors, Electric Motors & Generators, Industrial Fans, Blowers & Turbines, Industrial Pumps, and Industrial Transmission.
- End-User Type – OE and Aftermarket.
- Region-wise - North America, Europe, Asia-Pacific, and the Rest of the World.
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Market Segments' Analysis
Based on the bearing type, the Ball bearing is expected to remain the most dominant bearing type in the market during the forecast period, owing to the high load-carrying capacity of both, angular contact and deep groove ball bearing, due to which they are popularly deployed in various general machinery.
Based on the application type, Electric motor & generator is projected to be the leading segment of the market during the forecast period. Improvement in the energy efficiency of electric motors, which is highly influenced by the selection by bearing, along with increasing demand for electric motors and generators from the agricultural and industrial sectors is the major driver of the segment’s growth.
Which region offers the best opportunity and growth?
Region-wise, Asia-Pacific is expected to be the largest bearings market for general machinery, owing to the rising demand for general machinery in countries such as China, India, South Korea, and Japan.
Increased focus on urbanization in China and rapid industrialization in both India and China on account of favorable government regulations and policies are further expected to boost the market growth in the region.
North America and Europe are also likely to create sizeable opportunities in the coming five years, driven by an expected rise in manufacturing, construction, and mining operations in these regions.
To know more about the report, download a free sample report, here.
Key Players
The supply chain of this market comprises several nodes including raw material suppliers, bearing manufacturers, OEMs, and MRO companies. The following are the key players in the general machinery bearings market.
- AB SKF
- Schaeffler Technologies AG & Co. KG
- NSK Ltd.
- JTEKT Corporation (Koyo Bearings)
- The Timken Company
- NTN Corporation
- Nachi-Fujikoshi Corp.
- C&U Group Ltd.
- LYC Bearing Corporation
- Harbin Bearing Manufacturing Co., Ltd. (HRB)
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