Bearings Market Shares, Outlook, Size by Trends With Major Eminent Players: Schaeffler Group, NTN Corporation, SKF Group, NSK Global, JTEKT Corporation, and Timken.

This report focuses on the Bearings Market by Manufacturers, Regions, Type and Application, exclusively in North America, Europe and Asia-Pacific, South America, Middle East and Africa. This report categorizes the market based on type, application, regions, and manufacturers.

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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.

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.

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.

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The global bearings market is segmented as follows:
By Product: Ball Bearings:(Deep Groove bearings and Others), Roller Bearings(Split bearings, Tapered bearings and Others) and Others

By Application: Automotive, Agriculture, Electrical, Mining & construction, Railway & Aerospace, Automotive Aftermarket and Others

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) and Rest of the World: (Brazil, South Africa, Saudi Arabia, Turkey, United Arab Emirates & Others)

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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Major Table of Contents:
Chapter 1. Introduction
1.1. Report Description
1.2. Research Methodology

Chapter 2. Executive Summary
2.1. Key Highlights

Chapter 3. Market Overview
3.1. Introduction
3.1.1. Market Definition
3.1.2. Market Segmentation
3.2. Market Dynamics
3.2.1. Drivers
3.2.1.1. Rising Application Of High Capacity Bearings In Wind Turbines
3.2.1.2. Growing Demand for Bearing in Energy-Efficient Vehicles
3.2.2. Restraints
3.2.2.1. High Cost Of Raw Materials
3.2.2.2. Counterfeit Products
3.2.3. Opportunities
3.2.3.1. Emerging Markets to Offer Lucrative Growth Opportunities

…Read Full Table of Contents

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