Dublin, Dec. 15, 2020 (GLOBE NEWSWIRE) -- The "Bearing Market by Type, Size, Distribution Channel and Aftermarket, Machine Type, End Use and Group: Global Opportunity Analysis and Industry Forecast, 2020-2027" report has been added to ResearchAndMarkets.com's offering.
Bearings are mechanical devices that are employed to reduce friction between rotating equipment. They are the central part in various automobiles that allow the desired motion and compel relative motion. Further, they ensure efficiency and speed enhancement of the vehicle. Moreover, ongoing developments in the automotive sector is a major factor that fuels the adoption of bearing in the global market. The adoption of bearing is the highest among automotive industries in countries in the Asia-Pacific region such as India, China, Japan, and South Korea. This trend is expected to significantly supplement the bearing market growth due to rapid mechanization.
Favorable economic, demographic, and political factors have created a conducive environment for the automotive industry. Since past five to six years, automotive production has increased at a steady rate globally. U. S. and China have emerged as the largest automobile markets, both in sales and production. Automotive companies focus on automation of several tasks, from procurement to assembling to catering to the increase in production demands.
The global bearing market has been supplemented by factors such as rising utilization of bearing in railway, electric vehicles, & rolling mills followed by rising utilization of bearing in motor, demand of automotive electrification, and demand of bearing in continuously variable transmission (CVT) has enhanced the demand for the bearing market. However, bearing damages are caused in electric vehicles, increasing vehicle electrification and fluctuating raw material prices and high maintenance cost hampers the growth of the global bearing market.
The global bearing market is segmented into type, size, distribution channel, machine type, end use, group and region. Based on the type, the bearing market has been segmented into ball bearing and tapered bearing. Based on the size, the global bearing market has been categorized into 30 to 40, 41 to 50, 51 to 60, 61 to 70 and 70 & above. Original equipment manufacturers (OEMs) and aftermarket are the different distribution channels which are considered in the global bearing market. Internal combustion engines (ICE) vehicles, electric vehicles, industrial machinery and aerospace machinery are the different types of machines which are considered in the global bearing market.
Depending on the end use, the global bearing market has been categorized into automotive, industrial and aerospace. Depending on the group, the global bearing market has been categorized into group 1, group 2 and group 3. ICE vehicles are considered in group 1, electric vehicles are considered in group 2 and the combination of industrial and aerospace machinery is considered in group 3. By region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The key players analyzed in the global bearing market include NSK Ltd., Schaeffler AG, NTN Corporation, SKF, Iljin Bearing, RKB Bearing, JTEKT Corporation, Timken, Wafangdian Bearing Co., Ltd. and THK Co. Ltd.
Key Benefits
- This study presents analytical depiction of the global bearing market along with the current trends and future estimations to depict the imminent investment pockets.
- The overall market potential is determined to understand the profitable trends to enable stakeholders gain a stronger foothold in the market.
- The report presents information related to key drivers, restraints, and opportunities with a detailed impact analysis.
- The current market is quantitatively analyzed from 2020 to 2027 to highlight the financial competency of the market.
- Porter's five forces analysis illustrates the potency of the buyers and suppliers.
Key Players
- NSK Ltd.
- Schaeffler AG
- NTN Corporation
- SKF
- Iljin Bearing
- RKB Bearing
- JTEKT Corporation
- Timken
- Wafangdian Bearing Co. Ltd.
- THK Co. Ltd.
Key Topics Covered:
Chapter 1: Introduction
Chapter 2: Executive Summary
Chapter 3: Market Overview
3.1. Market Definition and Scope
3.2. Key Findings
3.2.1. Top Impacting Factors
3.2.2. Top Investment Pockets
3.2.3. Top Winning Strategies
3.3. Porter'S Five Forces Analysis
3.4. Market Share Analysis, 2019 (%)
3.5. Market Dynamics
3.5.1. Drivers
3.5.1.1. Rising Utilization of Bearing in Railway, Electric Vehicles, and Rolling Mills
3.5.1.2. Rising Utilization of Bearing in Motor, Demand of Automotive Electrification, and Demand of Bearing in Continuously Variable Transmission (Cvt)
3.5.2. Restraints
3.5.2.1. Bearing Damages Are Caused in Electric Vehicles
3.5.2.2. Increasing Vehicle Electrification
3.5.2.3. Fluctuating Raw Material Prices and High Maintenance Cost
3.5.3. Opportunities
3.5.3.1. Rising Concern About Green Vehicles and Constant Development in the Automobile Industry
3.5.3.2. Emergence of Sensor Bearing Units
3.5.3.3. Increasing Development of Additive Manufacturing Technologies & Materials to Manufacture Bearing
3.6. Impact of Covid-19 on the Market
3.6.1. Evolution of Outbreaks
3.6.1.1. Sars
3.6.1.2. Covid-19
3.6.2. Micro Economic Impact Analysis
3.6.2.1. Consumer Trend
3.6.2.2. Technology Trends
3.6.2.3. Regulatory Trend
3.6.3. Macro-Economic Impact Analysis
3.6.3.1. Gdp
3.6.3.2. Import/Export Analysis
3.6.3.3. Employment Index
3.6.4. Impact on the Bearing Industry Analysis
3.7. Global Distribution According to Production Method
3.8. Global Distribution According to Size, by Region
3.9. Geographical Evolution of Bearing
3.10. Global Passenger Car Wheel Hub Market
3.10.1. Global Passenger Car Wheel Hub Market, by Bearing Type
3.10.1.1. Ball Bearing
3.10.1.2. Tapered Roller Bearing
3.10.2. Global Passenger Car Wheel Hub Market, by Drive Type
3.10.2.1. Driven
3.10.2.2. Non-Driven
3.10.3. Global Passenger Car Wheel Hub Market, by Generation
3.10.3.1. Generation 1
3.10.3.2. Generation 2
3.10.3.3. Generation 3
3.10.4. Global Oem and Aftermarket Wheel Hub Manufacturers
3.10.5. Distribution According to the Car Segment
3.10.6. Geographical Evolution of Wheel Hub
Chapter 4: Global Bearing Market, by Type
4.1. Overview
4.2. Ball Bearing
4.2.1. Key Market Trends, Growth Factors and Opportunities
4.2.2. Market Size and Forecast, by Region
4.2.3. Market Analysis by Country
4.3. Tapered Bearing
4.3.1. Key Market Trends, Growth Factors and Opportunities
4.3.2. Market Size and Forecast, by Region
4.3.3. Market Analysis by Country
Chapter 5: Global Bearing Market, by Size
5.1. Overview
5.2.30 to 40
5.2.1. Key Market Trends, Growth Factors and Opportunities
5.2.2. Market Size and Forecast, by Region
5.2.3. Market Analysis by Country
5.3.41 to 50
5.3.1. Key Market Trends, Growth Factors and Opportunities
5.3.2. Market Size and Forecast, by Region
5.3.3. Market Analysis by Country
5.4.51 to 60
5.4.1. Key Market Trends, Growth Factors and Opportunities
5.4.2. Market Size and Forecast, by Region
5.4.3. Market Analysis by Country
5.5.61 to 70
5.5.1. Key Market Trends, Growth Factors and Opportunities
5.5.2. Market Size and Forecast, by Region
5.5.3. Market Analysis by Country
5.6.70 and Above
5.6.1. Key Market Trends, Growth Factors and Opportunities
5.6.2. Market Size and Forecast, by Region
5.6.3. Market Analysis by Country
Chapter 6: Global Bearing Market, by Distribution Channel
6.1. Overview
6.2. Original Equipment Manufacturers (Oems)
6.2.1. Key Market Trends, Growth Factors and Opportunities
6.2.2. Market Size and Forecast, by Region
6.2.3. Market Analysis by Country
6.3. Aftermarket
6.3.1. Key Market Trends, Growth Factors and Opportunities
6.3.2. Market Size and Forecast, by Region
6.3.3. Market Analysis by Country
Chapter 7: Global Bearing Market, by Machine Type
7.1. Overview
7.2. Ice Vehicles
7.2.1. Key Market Trends, Growth Factors and Opportunities
7.2.2. Market Size and Forecast, by Region
7.2.3. Market Analysis by Country
7.3. Electric Vehicles
7.3.1. Key Market Trends, Growth Factors and Opportunities
7.3.2. Market Size and Forecast, by Region
7.3.3. Market Analysis by Country
7.4. Industrial Machinery
7.4.1. Key Market Trends, Growth Factors and Opportunities
7.4.2. Market Size and Forecast, by Region
7.4.3. Market Analysis by Country
7.5. Aerospace Machinery
7.5.1. Key Market Trends, Growth Factors and Opportunities
7.5.2. Market Size and Forecast, by Region
7.5.3. Market Analysis by Country
Chapter 8: Global Bearing Market, by End-Use
8.1. Overview
8.2. Automotive
8.2.1. Key Market Trends, Growth Factors and Opportunities
8.2.2. Market Size and Forecast, by Region
8.2.3. Market Analysis by Country
8.3. Industrial
8.3.1. Key Market Trends, Growth Factors and Opportunities
8.3.2. Market Size and Forecast, by Region
8.3.3. Market Analysis by Country
8.4. Aerospace
8.4.1. Key Market Trends, Growth Factors and Opportunities
8.4.2. Market Size and Forecast, by Region
8.4.3. Market Analysis by Country
Chapter 9: Global Bearing Market, by Group
9.1. Overview
9.2. Group 1
9.2.1. Key Market Trends, Growth Factors and Opportunities
9.2.2. Market Size and Forecast, by Region
9.2.3. Market Analysis by Country
9.3. Group 2
9.3.1. Key Market Trends, Growth Factors and Opportunities
9.3.2. Market Size and Forecast, by Region
9.3.3. Market Analysis by Country
9.4. Group 3
9.4.1. Key Market Trends, Growth Factors and Opportunities
9.4.2. Market Size and Forecast, by Region
9.4.3. Market Analysis by Country
Chapter 10: Global Bearing Market, by Region
10.1. Overview
10.2. North America
10.3. Europe
10.4. Asia-Pacific
10.5. LAMEA
Chapter 11: Company Profiles:
11.1. Nsk Ltd.
11.1.1. Company Overview
11.1.2. Company Snapshot
11.1.3. Operating Business Segments
11.1.4. Product Portfolio
11.1.5. Business Performance
11.1.6. Key Strategic Moves and Developments
11.2. Schaeffler AG
11.2.1. Company Overview
11.2.2. Company Snapshot
11.2.3. Operating Business Segments
11.2.4. Product Portfolio
11.2.5. Business Performance
11.2.6. Key Strategic Moves and Developments
11.3. Ntn Corporation
11.3.1. Company Overview
11.3.2. Company Snapshot
11.3.3. Operating Business Segments
11.3.4. Product Portfolio
11.3.5. Business Performance
11.3.6. Key Strategic Moves and Developments
11.4. Skf
11.4.1. Company Overview
11.4.2. Company Snapshot
11.4.3. Operating Business Segments
11.4.4. Product Portfolio
11.4.5. Business Performance
11.4.6. Key Strategic Moves and Developments
11.5. Iljin Bearing
11.5.1. Company Overview
11.5.2. Company Snapshot
11.5.3. Operating Business Segments
11.5.4. Product Portfolio
11.6. Rkb Bearings
11.6.1. Company Overview
11.6.2. Company Snapshot
11.6.3. Operating Business Segments
11.6.4. Product Portfolio
11.6.5. Key Strategic Moves and Development
11.7. Jtekt Corporation
11.7.1. Company Overview
11.7.2. Company Snapshot
11.7.3. Operating Business Segments
11.7.4. Product Portfolio
11.7.5. Business Performance
11.7.6. Key Strategic Moves and Development
11.8. Timken
11.8.1. Company Overview
11.8.2. Company Snapshot
11.8.3. Operating Business Segments
11.8.4. Product Portfolio
11.8.5. Business Performance
11.8.6. Key Strategic Moves and Development
11.9. Wafangdian Bearing Co Ltd.
11.9.1. Company Overview
11.9.2. Company Snapshot
11.9.3. Operating Business Segments
11.9.4. Product Portfolio
11.10. Thk Co. Ltd.
11.10.1. Company Overview
11.10.2. Company Snapshot
11.10.3. Operating Business Segments
11.10.4. Product Portfolio
11.10.5. Business Performance
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