Bearings Market 2026 Global Key Players – Schaeffler Group, Harbin Bearing Manufacturing Co. Ltd., NSK Global, The Timken Company, Rexnord Corporation and other

An Exclusive Market Reports “Global Bearings Market Size Status and Forecast 2026”, The report classifies the global Bearings Market in a precise manner to offer detailed insights about the aspects responsible for augmenting as well as restraining market.

The global bearings market is anticipated to reach around $193 billion by 2026 according to a new research report. In 2017, the ball bearings segment dominated the global market, in terms of revenue. Asia-Pacific is expected to be the leading contributor to the global market in 2017.

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Bearings Market Top Key Player:

Schaeffler Group
Harbin Bearing Manufacturing Co. Ltd.
NSK Global
The Timken Company
Rexnord Corporation
JTEKT Corporation
Brammer PLC
Federal Moghul Holding Corporation
NTN Corporation
NKE AUSTRIA GmbH.

There has been an increasing adoption of bearings across the world owing to the growing manufacturing industry. Also, the growing applications of bearings in heavy machinery, and increasing automation of manufacturing processes boost the adoption of the bearings market during the forecast period. Factors such as growth in the global manufacturing industry, increasing applications in diverse industries, and increasing use in automobile production stimulate the growth of the global bearings market. Other factors driving the growth of this market include growth in the global automotive industry, rising demand from the renewable energy sector, and increasing demand for light-weight bearings for various applications. Growing demand from emerging economies, and technological advancements are factors expected to provide numerous growth opportunities in the coming years.

Asia-Pacific generated the highest revenue in the market in 2017. The increasing automation, use of heavy machinery in the manufacturing sector, and the established automotive industry drive the growth of bearing market in this region. The rising demand of motor vehicles from countries such as China, Japan, India, and South Korea, along with increasing requirement of light-weight bearing in automobiles boosts the adoption of bearings in the region. Increasing investments and technological advancements are expected to boost the adoption of bearings in the region during the forecast period. Increasing need to improve efficiency and productivity along with increased industrialization and automation further supplements the bearings market growth. The increasing applications of bearings in the renewable energy sector of Asia-Pacific are expected to accelerate the market growth during the forecast period.

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