Press release
Robotics Bearings Market is Forecasted to Reach USD 1.4 Billion in 2026, Says Stratview Research
The global Robotics Bearings Market is projected to witness a growth rate of 6.0% annually from 2021 to 2026, with an anticipated size of USD 1.4 billion in 2026, according to an analysis by Stratview Research.Stratview Research, a global market research firm has launched a report on the global Robotics 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/2229/robotics-bearings-market.html#form
Report Highlights: `
Market Size in 2026: USD 1.4 billion
Growth (CAGR): 6.0% during 2021-2026
Forecast Period: 2021-2026
Trend Period: 2015-2019
Base Year: 2020
Number of Segments Covered: 6
Number of Tables & Graphs: 100+
Country-Level Market Assessment: 20
Segment Insights on the Robotics Bearings Market:
The global Robotics Bearings Market is segmented by bearing type, material type, end-use industry type, application type, end-user type and region
Based on bearing type: The market is segmented into ball bearings, roller bearings, plain bearings, and others. Ball bearings are further classified as angular contact ball bearings, deep groove ball bearings, and others. Analogously, roller bearings are further classified as tapered roller bearings, cylindrical roller bearings, spherical roller bearings, and others. Ball bearings are expected to remain the largest segment of the market during the forecast period. Deep groove ball bearings are preferred for the majority of robotics and automation applications.
Based on end-use industry type: The market is segmented as automotive, medical, semiconductor, industrial, and others. Automotive is projected to be the leading segment of the market during the forecast period. Robots are an integral part of making automotive plants competitive, as they not only boost capacity, improve quality, and reduce warranty costs, but also reduce labor costs. The medical industry is likely to witness the highest growth. Robots are transforming the practice of medicine and are being popularly deployed in surgery, influencing the product demand during the study period.
To know the most attractive segments, click here for a free sample of the report:
https://www.stratviewresearch.com/Request-Sample/2229/robotics-bearings-market.html#form
Which Region Shows the Most Promising Growth Forecast and Opportunity?
The analysis suggests that Asia-Pacific is expected to remain the largest market over the next five years. This growth outlook is majorly attributed to the following-
• The growth in the region is primarily driven by high financial and regulatory support from governments, the dominance of the automotive industry, and low-cost manufacturing units.
• Companies worldwide rely on Asia-Pacific manufacturing now more than ever.
• Availability of raw materials developed supply chain, and huge indigenous demand are other advantages offered by the region.
Europe is the second-most important market for robotics bearings, on account of Germany, being the fifth-largest country globally for industrial robotics and its significant position in the automotive and medical industries.
Robotics Bearings Market Drivers:
The growth of the Robotics Bearings Market is driven by several factors.
• Robotics and automation are becoming common in a variety of industries, particularly manufacturing, as companies are realizing the full potential of their abilities to save costs, increase production, and improve efficiency and competitiveness.
• Bearings in automation have seen exponential advances in endurance, speed, and precision as technology has developed, with more sensitive applications in the medical and other high-tech sectors becoming common.
• Robotics bearings are important in the motion control elements of this technology as they allow highly coordinated, controlled movement on two or more axes.
Top 10 Companies in the Robotics Bearings Market:
Stratview Research has identified the following companies as the top market players:
• AB SKF
• Schaeffler Technologies AG & Co. KG
• The Timken Company
• C&U Bearing Group
• JTEKT Corporation
• NSK Ltd.
• NTN Corporation
• LYC Bearing Corporation
• MinebeaMitsumi Group
• TMB Bearing (Zhejiang Tianma Bearing Co. Ltd.)
What Unique Insights Does this Report Offer?
This report provides comprehensive insights into the Robotics 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:
• All-Terrain Robot Market: https://www.stratviewresearch.com/1541/all-terrain-robot-market.html
• Indoor Robots Market: https://www.stratviewresearch.com/780/indoor-robots-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.
Stratview Research has been helping companies meet their global and regional growth objectives by offering customized research services. These include market assessment, due diligence, opportunity screening, voice of customer analysis, market entry strategies, and more.
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