Construction Bearings Market is Forecasted to Reach US$ 2.0 billion in 2026, Says Stratview Research

The global construction bearings market is projected to witness a growth rate of 4.9% annually from 2021 to 2026, with an anticipated size of US$ 2.0 billion by 2026, according to an analysis by Stratview Research.

Stratview Research, a global market research firm has launched a report on the global construction 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/1957/construction-bearings-market.html#form

Report Highlights:
Market Size in 2026: US$ 2.0 billion
Growth (CAGR): 4.9% during 2021-2026
Forecast Period: 2021-2026
Trend Period: 2015-2019
Base Year: 2020
Number of Segments Covered: 5
Number of Tables & Graphs: 100+

Segment Insights on the Construction Bearings Market:
The global construction bearings market is segmented based on bearing type, material type, application type, end-user type, and region.

Based on bearing type - The market is segmented as ball bearing, roller bearing, plain bearing, and others. Ball bearings are further classified as angular contact ball bearing, deep groove ball bearing, and others. In a similar way, roller bearings are further classified as tapered roller, cylindrical roller, spherical roller, and others. Roller bearings are expected to remain the largest segment of the market during the forecast period, driven by their high load-carrying capacity and ability to operate in case of shock and misalignment, helping the companies to obtain low-maintenance costs and longer bearing service life.

Based on the application type - The market is segmented as wheel loader, excavator, dozer, off-highway truck, tunneling & boring, and others. Excavator is projected to be the dominating segment of the market during the forecast period. A tracked hydraulic excavator entails about fifty bearings for its basic operation such as travel and rotation. The wheel loader segment is expected to record significant growth during the forecast period.

To know the most attractive segments, visit:
https://www.stratviewresearch.com/1957/construction-bearings-market.html

Which Region Shows the Most Promising Growth Forecast and Opportunity?

The analysis suggests that Asia-Pacific is expected to be the largest and the fastest-growing market for construction bearings during the forecast period. This growth outlook is majorly attributed to the following-
- To aid economic recovery, most countries in the region are concentrating on infrastructure development.
- China's state railway operator plans to double the size of its high-speed railway network over the next fifteen years, influencing the product's demand in the country.
- North America is expected to register significant growth during the forecast period, driven by a surge in government spending in the infrastructure sector.
- The USA is expected to record the fastest growth in the region, favored by numerous projects under construction in various sectors including residential, institutional, and industrial and infrastructure.

Construction Bearings Market Drivers:

Some of the key drivers listed in the report are given below.
- Rising infrastructure development, urbanization, and demand for heavy machinery.
- Growth in residential and commercial construction, along with increased investment in transportation and industrial projects.

Top Companies in the Construction Bearings Market:
Stratview Research has identified the following companies as the top market players (Based on Dominance).
• AB SKF
• Schaeffler Technologies AG & Co. KG
• NSK Ltd.
• The Timken Company
• NTN Corporation
• JTEKT Corporation
• Trelleborg AB
• C&U Group Ltd.
• LYC Bearing Corporation
• Nachi-Fujikoshi Corp.

What Unique Insights Does this Report Offer?

This report provides comprehensive insights into the Construction 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

• Wheel Loaders Market: https://www.stratviewresearch.com/88/wheel-loader-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.