Bearings Market Development Strategy -to reach USD 69.15 billion by the end of the 2022 with a CAGR of 6.89 % | Schaeffler Group, NTN Corporation, SKF Group, NSK Global, JTEKT Corporation, and Timken

Crystal Market Research has announced the addition of "Bearings Market Analysis and Forecasts 2018-2022" Market Research report to their database.

Bearings - Competitive Outlook and Trend Analysis:

The major market players in the global bearings market include Schaeffler Group, NTN Corporation, SKF Group, NSK Global, JTEKT Corporation, and Timken. The market players are increasingly concentrating on research and development projects to produce application precise bearings and enhance their efficiency. Extreme competition has directed producers to spend more for product improvement to fulfill requirements of customers efficiently. For example, NTN Corporation has formulated high-speed deep groove ball bearing that is a grease lubrication type with superior rotational speed.

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Bearings - Industry Trend Analysis:

In 2012, the global bearings market was valued around USD 33.00 billion and is anticipated to reach approximately USD 69.15 billion while maintaining a compound annual growth rate (CAGR) of 6.89% during the forecast period owing to the growing manufacturing of heavy machinery. Moreover, the rising use of high capacity bearings in the manufacturing of wind turbines is expected to boost demand during the forecast years. Wind turbines use these products to improve turbine performance & reliability, reduce consumption of lubricant, and boost the production of energy. Technological innovations in seal technologies, lubrication technology, and the utilization of materials which are light in weight for producing high-performance products, are generating massive opportunities for players in the global market. Incorporation of electro-mechanical features into the bearings assists in reductions in cost and size and performance enhancement. The rise in the high-performance bearings demand has directed manufacturers to incorporate superior sensor units in the products. It helps in the digital supervising of rotation speed, deceleration, acceleration, load carrying capacity, and axial movement of the bearings.

Bearings - Product Outlook and Trend Analysis:

Bearings are widely segmented as roller and ball types. Ball bearings have lesser surface contacts, hence operate effortlessly, thus cutting down the friction. Ball bearings may also be employed with radial and thrust loadings, due to which, they are widely utilized in both four and two-wheeled vehicles. In the year 2015, ball bearings ruled the product section; though the roller type is anticipated to appear as the leading segment during the forecast years, as these products sustain axial and radial loads, cut down rotational friction, and as compared to ball bearings, they can support limited axial loads and heavy radial loads. The wide implementation of roller bearings by several industries, counting automobiles, home appliances, the aerospace, and capital equipment industry, is anticipated to impact the demand for product positively.

The global bearings market is segmented as follows :

Bearings - By Product:

Ball Bearings
Deep Groove bearings
Others
Roller Bearings
Others
Tapered bearings
Split bearings
Others

Bearings - By Application:

Automotive
Agriculture
Electrical
Mining & construction
Railway & Aerospace
Automotive Aftermarket
Others

Bearings - Application Outlook and Trend Analysis:

In 2015, the automotive section ruled the global market. The expansion in the automotive production, around the world, is expected to drive their demand. The increasing demand for technologically advanced solutions integrated vehicles is resulting in a boost in vehicle production that demands instrumented products. Though, the aerospace & railway section is expected to be responsible for the fastest growing market, due to the attributed rise in a number of commuters traveling through public transportation. The accessibility of enhanced ways to aid local and worldwide transportation systems also presents market growth opportunities. Also, the demand in the railway sector is rising owing to the rapid construction of the railway in the developing nations.

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Bearings - By Region:

North America - U.S, Canada, Mexico

Europe - Germany, France, UK, Italy, Spain, Rest of Europe

Asia-Pacific - Japan, China, Australia, India, South Korea, Rest of Asia Pacific

Rest of the World - Brazil, South Africa, Saudi Arabia, United Arab Emirates, Others

Bearings - Regional Outlook and Trend Analysis:

Asia Pacific regional market is estimated to experience the fastest growth in sales by the end of 2022. China is among the key markets for sales of bearings in this region. The growth of the region is anticipated to rise during the approaching years; the growth is encouraged by the rapid growth of motor vehicle and machinery production, along with a robust aftermarket for motor vehicle repair and industrial equipment. Furthermore, the strong construction and mining equipment industry in India is expected to assist the growth of the global market. In the developed markets of Japan, Western Europe, and the United States, the demand is propelled by a strong rigid investment environment and the rebounding manufacturing of motor vehicles. In the African and Middle Eastern regions, the speedy expansion of urban infrastructures is regulating the global market growth.

Bearings - List of Tables:

Table 1.Global Bearings Market, By Product, 2012-2022 ($Million)
Table 2.Ball Bearings Market, By Type, 2012-2022 ($Million)
Table 3.Ball Bearings Market, By Region, 2012-2022 ($Million)
Table 4.Deep Grove Bearings Market, By Region, 2012-2022 ($Million)
Table 5.Other Types Market, By Region, 2012-2022 ($Million)
Table 6.Roller Bearings Market, By Type, 2012-2022 ($Million)
Table 7.Roller Bearings Market, By Region, 2012-2022 ($Million)
Table 8.Split Bearings Market, By Region, 2012-2022 ($Million)
...

Bearings - List of Figures:

Figure 1.Global Bearings Market Share, By Product, 2016 & 2025
Figure 2.Global Bearings Market, By Application, 2016, ($Million)
Figure 3.Global Bearings Market, By Region, 2016, ($Million)
Figure 4.Brammer PLC: Net Revenues, 2014-2016 ($Million)
Figure 5.Brammer PLC: Net Revenue Share, By Segment, 2016
Figure 6.Brammer PLC: Net Revenue Share, By Geography, 2016
Figure 7.JTEKT Corporation Net Revenues, 2014-2016 ($Million)
Figure 8.JTEKT Corporation: Net Revenue Share, By Segment, 2016
...

What our report offers:

- Market share assessments for the regional and country level segments

- Market share analysis of the top industry players

- Strategic recommendations for the new entrants

- Strategic recommendations in key business segments based on the market estimations

- Competitive landscaping mapping the key common trends.

- Company profiling with detailed strategies, financials, and recent developments

- Supply chain trends mapping the latest technological advancements

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global Bearings market based on product and application. It also provides market size and forecast till 2022 for overall Bearings market with respect to five major regions, namely; North America, Europe, Asia-Pacific, Rest of the World, which is later sub-segmented by respective countries and segments. The report evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend and provides exhaustive PEST analysis for all five regions.

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Also, key Bearings market players influencing the market are profiled in the study along with their SWOT analysis and market strategies. The report also focuses on leading industry players with information such as company profiles, products and services offered.

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