Press release
Rolling into Prosperity: The Bearing Market's Unprecedented Journey Toward a $143.53 Billion Horizon by 2027
Bearing Market Size
๐๐๐ช๐ฎ๐๐ฌ๐ญ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ ๐๐ฌ - https://www.alliedmarketresearch.com/request-sample/2139
๐๐ก๐ ๐ค๐๐ฒ ๐ฉ๐ฅ๐๐ฒ๐๐ซ๐ฌ ๐๐ง๐๐ฅ๐ฒ๐ณ๐๐ ๐ข๐ง ๐ญ๐ก๐ข๐ฌ ๐ซ๐๐ฉ๐จ๐ซ๐ญ ๐๐ซ๐
NSK Ltd.,
Schaeffler AG,
NTN Corporation,
SKF,
Iljin Bearing,
RKB Bearing,
JTEKT Corporation,
Timken,
Wafangdian Bearing Co., Ltd.
THK Co. Ltd.
The report offers a detailed segmentation of the global bearing market based on type, distribution channel, machine type, end use, group, and region.
Based on type, the ball bearing segment accounted for the largest market share in 2019, contributing to more than two-thirds of the total market, and will maintain its dominant share throughout the forecast period. However, the tapered bearing segment is projected to witness the highest CAGR of 6.2% from 2020 to 2027.
Based on machine type, the ICE vehicles segment held the highest share in 2019, contributing to more than two-fifths of the global bearing market, and is estimated to continue its highest contribution throughout the forecast period. However, the electric vehicles segment is estimated to manifest the highest CAGR of 9.8% from 2020 to 2027.
๐๐๐๐๐๐๐๐ ๐ ๐๐๐ ๐๐๐๐๐๐ ๐๐ - https://www.alliedmarketresearch.com/bearings-market/purchase-options
Based on region, Asia-Pacific contributed to the highest market share in 2019, accounting for more than two-fifths of the market, and will continue its leadership status throughout the forecast period. However, North America is projected to grow at the fastest CAGR of 7.0% during the forecast period.
๐๐ง๐ช๐ฎ๐ข๐ซ๐ ๐๐๐๐จ๐ซ๐ ๐๐ฎ๐ฒ๐ข๐ง๐ - https://www.alliedmarketresearch.com/purchase-enquiry/2139
๐๐๐๐๐-๐๐ ๐๐๐๐ง๐๐ซ๐ข๐จ:
โญ๏ธThe lockdown restrictions have closed down the manufacturing facilities and created disruption in supply chain. This has led to shortage of raw materials.
โญ๏ธThe demand from the automotive industry has been reducing significantly due to closure of production facilities and lowered sale of vehicles. Moreover, electric vehicle production plants have halted the operations due to lockdown, which in turn, reduced the demand.
โญ๏ธThere has been scarcity of workers as majority of workers have returned to their hometowns. Moreover, there will be scarcity as operations resume post-lockdown.
โญ๏ธThe demand would grow steadily as production activities in the automotive industry begin as governments lift off the restrictions imposed to curb the spread.
๐๐ข๐ฆ๐ข๐ฅ๐๐ซ ๐๐๐ฉ๐จ๐ซ๐ญ๐ฌ ๐๐ ๐๐๐ฏ๐ ๐จ๐ง ๐๐ฎ๐ญ๐จ๐ฆ๐จ๐ญ๐ข๐ฏ๐ ๐๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ:
https://www.alliedmarketresearch.com/automotive-engine-bearings-market - Automotive Engine Bearings Market
https://www.alliedmarketresearch.com/automotive-bearings-market - Automotive Bearings Market
https://www.alliedmarketresearch.com/automotive-actuator-market - Automotive Actuator Market
https://www.alliedmarketresearch.com/e-axle-market - E-Axle Market
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