Vacuum Bearing Market 2022 Analysis of Rising Business Opportunities with Prominent Investment, Forecast to 2028

The vacuum bearing market size was valued at US$ 9,967.73 million in 2021 and is projected to reach US$ 16,678.55 million by 2028. It is expected to grow at a CAGR of 7.7% from 2022 to 2028.

The Report Vacuum Bearing Market study by "Business Market Insights" provides details about the market dynamics affecting the market, Market scope, Market segmentation and overlays shadow upon the leading market players highlighting the favorable competitive landscape and trends prevailing over the years.

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List of Companies:
1. HepcoMotion
2. NSK Ltd.
3. Schaeffler Technologies AG & Co. KG
4. THE TIMKEN COMPANY
5. Bunting Bearings, LLC
6. TPA Motion, LLC
7. GMN Paul M?ller Industrie GmbH & Co. KG
8. JTEKT Europe Bearings B.V.
9. UNASIS
10. SKF

The vacuum bearing market in North America and Europe is expanding significantly. The growth of these regions' manufacturing and construction sectors is the main driving factor behind this growth. With the escalating renovation and new infrastructural projects, the flourishing construction sector is expected to drive the market during the forecast period.

Over the past few years, several economies, such as the US and Canada, have experienced massive infrastructural development, which has maximized the region's vacuum bearing demand. With the growth in the manufacturing and construction sectors, the demand for vacuum bearings is also increasing as vacuum bearings are used in earthquake-resistant building technology known as base isolation. Therefore, the increase in manufacturing and construction sectors in these regions will aid the vacuum bearing market growth over the coming years.

The APAC vacuum bearing market is reporting a rise due to the growing construction sector in this region. The construction sector is expected to be driven by increased spending on affordable housing development. Several governments of countries such as Indonesia and India actively provide land and construction costs subsidies. For instance, in India, the government initiated the Housing for All project in 2022, which is expected to drive the country's low-cost residential construction segment throughout the forecast period. Furthermore, under the Pradhan Mantri Awas Yojana, the Indian government has decided to provide interest subvention of 3% and 4% for loans of up to US$ 18,000 and US$ 13,500 to the lower strata of the society for buying and building homes. Thus, the growing construction sector creates huge opportunities for vacuum bearing manufacturers.

In the MEA and SAM, the vacuum bearing market is augmenting due to the rising automotive sector in both regions. The production of commercial vehicles in the MEA is increasing steadily. As per the Organisation Internationale des Constructors d'Automobiles (OICA) 2021 report, South Africa produced 259,820 commercial vehicles in 2021, 209,002 in 2020, and 283,318 in 2019. Thus, the continuous production of commercial vehicles across the region supports the market's growth in the MEA.

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The need for vacuum bearings was prevalent during the pre-COVID-19 era due to the growing urban population. Due to the increasing population, infrastructural development was increasing. According to the article published by the Journal of Commerce Online, the US Department of Transportation (DOT) allocated grants of ~US$ 856 million to Infrastructure for Rebuilding America (INFRA) for constructing 20 projects across the US. Thus, the need for developing infrastructure supported the market's growth in North America.

In 2020, the limited availability of workforce, shortage of materials and supplies, reduction in productivity rates, and suspension and cancellation of projects/contracts hindered the vacuum bearing market. For instance, in June 2020, the renovation work carried out at the University of Delaware's Worrilow Hall academic building was also impacted by COVID-19. The contractors had to revise their project plans to overcome the effects of the scarcity of materials and workers.

According to a national survey conducted by the Associated General Contractors of America (AGCA), out of 1,077 respondents, 78% of the contractors responded that they were experiencing project delays. Therefore, the overall impact of the COVID-19 pandemic on the market in North America was negative in 2020.

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TABLE OF CONTENTS
1. Introduction
1.1 Scope of the Study
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 Global Vacuum Bearing Market - By Type
1.3.2 Global Vacuum Bearing Market - By Application
1.3.3 Global Vacuum Bearing Market - By Material
1.3.4 Global Vacuum Bearing Market - By Geography
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Vacuum Bearing Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.2.1 North America
4.2.2 Europe
4.2.3 APAC
4.2.4 MEA
4.2.5 SAM
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. Vacuum Bearing Market - Key Market Dynamics
5.1 Market Drivers
5.1.1 Rising Growth of Global Space Sector
5.1.2 Benefits of Vacuum Bearings
5.2 Market Restraints
5.2.1 Fluctuating Raw Material Prices and High Maintenance Cost
5.3 Market Opportunities
5.3.1 Rising Applications of Bearing
5.4 Future Trends
5.4.1 Surge in Technological Advancement
5.5 Impact Analysis of Drivers and Restraints
6. Vacuum Bearing Market - Global Market Analysis
6.1 Vacuum Bearing Market Global Overview
6.2 Global Vacuum Bearing Market Forecast and Analysis
6.3 Market Positioning- Top Five Players
7. Vacuum Bearing Market Revenue and Forecast to 2028 - Type
7.1 Overview
7.2 Vacuum Bearing Market, By Type (2021 and 2028)
7.3 Cylindrical Roller Bearings
7.3.1 Overview
7.3.2 Cylindrical Roller Bearings: Vacuum Bearing Market Revenue and Forecast To 2028 (US$ Million)
7.4 Tapered Roller Bearings
7.4.1 Overview
7.4.2 Tapered Roller Bearings: Vacuum Bearing Market Revenue and Forecast To 2028 (US$ Million)
7.5 Spherical Roller Bearings
7.5.1 Overview
7.5.2 Spherical Roller Bearings: Vacuum Bearing Market Revenue and Forecast To 2028 (US$ Million)
7.6 Thrust Roller Bearings
7.6.1 Overview
7.6.2 Thrust Roller Bearings: Vacuum Bearing Market Revenue and Forecast To 2028 (US$ Million)
7.7 Needle Roller Bearings
7.7.1 Overview
7.7.2 Needle Roller Bearings: Vacuum Bearing Market Revenue and Forecast To 2028 (US$ Million)
8. Vacuum Bearing Market Revenue and Forecast to 2028 - Application
9. Vacuum Bearing Market Revenue and Forecast to 2028 - Material
10. Vacuum Bearing Market - Geographic Analysis

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