Mounted Bearing Global Market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033 | JTEKT Corporation, SKF AB , NSK Ltd. , Rexnord Corporation, Regal Beloit Corporation, The Timken Company, Wafangdian Bearing Group Corporation, Rexnord Indust

As per the report, the mounted bearing market size has grown strongly in recent years. It will grow from $1.45 billion in 2023 to $1.54 billion in 2024 at a compound annual growth rate (CAGR) of 6.4%. The mounted bearing market size is expected to see strong growth in the next few years. It will grow to $2.00 billion in 2028 at a compound annual growth rate (CAGR) of 6.7%.

Download Free Sample Report @ https://www.thebusinessresearchcompany.com/sample.aspx?id=16745&type=smp

Electric Vehicle Surge Fuels Growth In The Mounted Bearing Market
The rising demand for electric vehicles is expected to propel the growth of the mounted bearing market going forward. Electric vehicles (EVs) refer to automobiles powered partially or entirely by electricity stored in batteries. The adoption of electric vehicles is driven by their environmental benefits and lower operating costs, making them a compelling choice for consumers and businesses. Mounted bearings are essential in electric vehicles, supporting critical functions such as motor operation, drivetrain efficiency, wheel rotation, and overall vehicle performance. For instance, in April 2024, according to the Global EV Outlook 2023 report published by the International Energy Agency, a France-based autonomous intergovernmental organization, electric car sales rose by 3.5 million in 2023 compared to 2022, marking a 35% increase year-on-year. Therefore, the rising demand for electric vehicles is driving the growth of the mounted bearing market.

Innovative Spherical Roller Bearings Enhance Performance in Extreme Conditions
Major companies operating in the mounted bearing market focus on developing innovative products, such as spherical roller bearings, to enhance performance and meet the increasing demand for high-precision, durable bearings in various industries. Spherical roller bearings refer to a type of roller bearing that can accommodate both radial and axial loads and are specifically designed to handle heavy loads and misalignments. For instance, in September 2021, AB SKF, a Sweden-based bearing and seal manufacturing company, launched a new spherical roller bearing designed explicitly for continuous steel casting operations. These bearings are engineered to withstand extreme conditions in steel manufacturing, such as high temperatures, high static loads, and contamination from scale, dust, and water. These new bearings help address the operational challenges of extreme conditions in steel manufacturing, which can result in costly unplanned equipment downtime, and represent the company's ongoing effort to drive innovation.

The mounted bearing market covered in this report is segmented -

1) By Product Type: Ball Bearing, Roller Bearing
2) By Equipment: Ball Mill Drives, Fans And Blowers , Gearboxes And Transmissions, Conveyors , Crushers , Mixer Drives , Other Equipment
3) By Housing Block Type: Plummer Block, Flanged Block, Take-Up Block, Other Housing Block Types
4) By Sales Channel: Original Equipment Manufacturers, Aftermarket
5) By End User: Food And Beverages, Agriculture, Construction And Mining, Automotive And Transportation, Chemical And Pharmaceutical, Energy, General Industrial And Machinery, Pulp And Paper

Buy Now & Get Exclusive Discount on this Report, Checkout link @
https://www.thebusinessresearchcompany.com/Discount?id=16745&type=discount

Major companies operating in the mounted bearing market are JTEKT Corporation, SKF AB , NSK Ltd. , Rexnord Corporation, Regal Beloit Corporation, The Timken Company, Wafangdian Bearing Group Corporation, Rexnord Industries LLC, Altra Industrial Motion Corp., Baldor Electric Company, Peer Bearing Company, Kaman Industrial Technologies Corporation, NRB Industrial Bearings Limited, Aurora Bearing Company, IKO International Inc., Mageba SA, Clima*x Metal Products Company, Scheerer Bearing Corporation, ISB Industries, Dalton Bearing Service Inc., IPTCI Bearings, Moline Bearing Company, Hudson Bearings, FYH Bearing Units USA Inc., Cixing Group Co. Ltd

Contents of the report:
1. Executive Summary
2. Mounted Bearing Market Report Structure
3. Mounted Bearing Market Trends And Strategies
4. Mounted Bearing Market - Macro Economic Scenario
5. Mounted Bearing Market Size And Growth
…..
27. Mounted Bearing Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info

Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ

Explore the report store to make a direct purchase of the report @ https://www.thebusinessresearchcompany.com/report/mounted-bearing-global-market-report

Learn More About The Business Research Company

The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.

This release was published on openPR.