09-14-2018 03:08 PM CET - Logistics & Transport

Bearings Market Continues Growth | 2018 Key Players are SKF, Brammer, JTEKT, Rexnord, Schaeffler, HKT Bearings, NTN Corporation, NSK Global, Minebea, Harbin Bearing

Press release from: Global Market Insights, Inc.
Bearings Market
Bearings Market
Market Overview:-

Bearings Market to exceed USD 140 billion by 2022; according to a new research report by Global Market Insights, Inc.

Escalating demand for energy efficient products is predicted to drive the bearings market growth over the forecast period. Stringent regulations and standards to conserve the global environment have encouraged the development of innovative application-specific bearings. The demand for large-bore anti-friction bearings in the heavy machinery and manufacturing industries as well as in the renewable energy sector such as for wind turbines will fuel growth.

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Growing penetration of commercial vehicles across the globe will drive demand over the coming years. Increasing requirement for high performance, light weight automobiles, to enhance energy efficiency and curtail friction-based energy loss is contributing towards the demand for efficient products. Moreover, customer preferences to utilize fuel-efficient, advanced vehicles equipped with additional safety features is expected to boost the ball bearings market share over the forecast period.

Top Key Players:-

• Brammer PLC
• C&U Group Company Limited
• Daido Metal Company Limited
• Harbin Bearing Manufacturing Co., Ltd.
• HKT Bearings Ltd.
• JTEKT Corporation
• Luoyang LYC Bearing Company Limited
• Minebea Company Limited
• NBI Bearings Europe
• NSK Global
• NTN Corporation
• RBC Bearings Inc.
• Rexnord Corporation
• Schaeffler Group
• The Timken Company

Regional Segmentations:-

The Asia Pacific bearings market share worth USD 36 billion in 2014, is expected to reach USD 68 billion by 2022, owing to the rapid infrastructure growth and industrialization.

The Europe bearings market worth USD 18 billion in 2014, is anticipated to touch USD 32 billion by 2022.

The North America bearings market size is predicted to touch USD 25 billion mark by 2022 and its growth is driven by the expansion of manufacturing industry. Furthermore, enhanced sales of high value bearings and custom built bearings are predicted to drive the regional growth over the coming years. The U.S. bearings market is anticipated to touch USD 25.1 mark by 2022.

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Major Points of Table Of Content:-

Chapter 1 Methodology and Scope

1.1 Research Methodology
1.1.1 Initial data exploration
1.1.2 Statistical modeling and forecast
1.1.3 Industry insights and validation
1.2 Data Sources

Chapter 2 Executive Summary

2.1 Bearings industry 3600 synopsis, 2012 - 2022

Chapter 3 Bearings Industry Insights

3.1 Industry segmentation
3.2 Industry Size and forecast
3.3 Industry ecosystem analysis
3.4 Industry Impact forces
3.4.1 Growth drivers
3.4.2 Industry pitfalls & challenges
3.5 Growth potential analysis
3.6 Porter’s analysis
3.7 Company market share analysis, 2014
3.8 PESTEL analysis

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Bearings find myriad applications across mining & construction, agriculture, railway & aerospace, automotive, and electrical industries. The bearings market share worth USD 40.6 billion in 2014 in the automotive industry, is predicted to reach USD 71 billion over the period of 2015-2022. Growing need for lightweight & high performing automobiles and disc drives has resulted in enhanced use of small and light weight bearings in automobiles. The bearings application in the agriculture industry is forecast to grow at a CAGR of 7% due to the computerization of farming activities in emerging economies. Moreover, technological innovations, ability to operate at extreme temperatures, substantial weight reduction, and high speed is predicted to drive the demand for bearings across the railways and aerospace industry.

About Global Market Insights:

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

Contact Us:

Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
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Email: sales@gminsights.com
Web: www.gminsights.com

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