General Machinery Bearings Market is Forecasted to Reach US$ 6.0 billion in 2026, Says Stratview Research

The global General Machinery Bearings Market is projected to witness a growth rate of 4.2% annually from 2021 to 2026, with an anticipated size of US$ 6.0 billion in 2026, according to an analysis by Stratview Research.

Stratview Research, a global market research firm has launched a report on the global General Machinery Bearings Market which provides a comprehensive outlook of the global and regional market, industry forecast, current & emerging trends, segment analysis, competitive landscape, & more.

Click here to get a free sample of the report:
https://www.stratviewresearch.com/Request-Sample/2410/general-machinery-bearings-market.html#form

Report Highlights:
Market Size in 2026: US$ 6.0 billion
Growth (CAGR): 4.2% during 2021-2026
Forecast Period: 2021-2026
Trend Period: 2015-2019
Base Year: 2020
Number of Segments Covered: 5
Number of Tables & Graphs: 100+
Country-Level Market Assessment: 20

Segment Insights on the General Machinery Bearings Market:
The global General Machinery Bearings Market is segmented based on bearing type, material type, application type, end-user type and region.

Based on Application Type- Based on the application type, the market is segmented as industrial compressors; electric motors & generators; industrial fans, blowers & turbines; industrial pumps; and industrial transmission. Electric motor & generator is projected to be the leading segment of the market during the forecast period. Improvement in the energy efficiency of electric motors, which is highly influenced by the selection by bearing, along with increasing demand for electric motors and generators from the agricultural and industrial sectors is the major driver of the segment's growth.

Based on Bearing Type- The market is segmented as ball bearing, roller bearing, and others. Ball bearings are further classified as angular contact ball bearings, deep groove ball bearings, and others. Similarly, roller bearings are further classified as tapered roller bearings, cylindrical roller bearing, spherical roller bearing, and others. Ball bearing is expected to remain the most dominant bearing type in the market during the forecast period, owing to the high load-carrying capacity of both, angular contact and deep groove ball bearings, due to which they are popularly deployed in various general machinery.

To know the most attractive segments, click here for a free sample of the report:
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Which Region Shows the Most Promising Growth Forecast and Opportunity?
The analysis suggests that Asia-Pacific is expected to be the largest bearings market for general machinery during the forecast period. This growth outlook is majorly attributed to the following-
• The rising demand for general machinery in countries such as China, India, South Korea, and Japan. Increased focus on urbanization in China and rapid industrialization in both India and China on account of favorable government regulations and policies are further expected to boost market growth in the region.
• North America and Europe are also likely to create sizeable opportunities in the coming five years, driven by an expected rise in manufacturing, construction, and mining operations in these regions.

General Machinery Bearings Market Drivers:
Improvement in the energy efficiency of electric motors, which is highly influenced by the selection by bearing, along with increasing demand for electric motors and generators from the agricultural and industrial sectors is the major driver of the segment's growth.

Top 10 Companies in the General Machinery Bearings Market:
Stratview Research has identified the following companies as the top market players:
• AB SKF
• Schaeffler Technologies AG & Co. KG
• NSK Ltd.
• JTEKT Corporation (Koyo Bearings)
• The Timken Company
• NTN Corporation
• Nachi-Fujikoshi Corp.
• C&U Group Ltd.
• LYC Bearing Corporation
• Harbin Bearing Manufacturing Co., Ltd. (HRB)

What Unique Insights Does this Report Offer?
This report provides comprehensive insights into the General Machinery Bearings Market, answering critical questions like:
• How big is the sales opportunity?
• Which regions offer the best sales opportunities?
• Which are the most attractive market segments?
• Which are the top players and their market positioning?
• How complex is the business environment?
• What are the factors affecting the market?

For Customization or Any Other Queries, Get in Touch with Our Industry Experts at - sales@stratviewresearch.com

Related Reports:
• Bearings Market: https://www.stratviewresearch.com/1379/bearings-market.html
• Material Handling Bearings Market: https://www.stratviewresearch.com/1958/material-handling-bearings-market.html

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Stratview Research is a global market research firm that highly specializes in aerospace & defense, chemicals, and a few other industries.
It launches a limited number of reports annually on the above-mentioned specializations. Thorough analysis and accurate forecasts in this report enable the readers to take convincing business decisions.
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This release was published on openPR.