Press release
Mining Bearings Market is Forecasted to Reach US$ 1.9 Billion in 2026, Says Stratview Research
Stratview Research
Stratview Research, a global market research firm, has launched a report on the global mining bearings market, which provides a comprehensive outlook of the global and regional industry forecast, current & emerging trends, segment analysis, competitive landscape, & more
Click here to get a free sample of the report:
https://stratviewresearch.com/Request-Sample/1962/mining-bearings-market.html#form
Market Statistics:
Market Size in 2026: US$ 1.9 billion
Growth (CAGR): 4.3% during 2021-2026
Leading Bearing Type: Roller Bearings
Leading Application Type: Crushing, Screening, & Conveying
Leading Region: Asia-Pacific
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 Mining Bearings Market:
The global mining 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 bearing, cylindrical roller bearing, spherical roller bearing, and others. Roller bearings are expected to remain the most dominant product type in the market during the forecast period, driven by their high-load-carrying capacity and ability to operate in case of shocks and misalignments, helping OEMs to obtain low-maintenance costs and longer bearing service life.
Based on application type - The market is segmented as shovel; haul truck; dragline; crushing, screening & conveying; and others. Crushing, screening, & conveying is likely to be the leading segment of the market during the forecast period. Tapered, cylindrical, and spherical roller bearings reduce friction for greater operational efficiency in critical locations such as the swing system. The haul truck segment is expected to record healthy growth during the forecast period, driven by huge demand from both OE and aftermarket levels. The rotational movements in haul truck wheel ends are enabled by tapered roller bearings.
To know the most attractive segments, click here for a free sample of the report:
https://stratviewresearch.com/Request-Sample/1962/mining-bearings-market.html#form
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 mining bearings during the forecast period. This growth outlook is majorly attributed to the following-
· China is not only the largest market in the region but also in the global marketplace, driven by the dominance of the country in the production of coal, gold, and most of the rare-earth minerals, creating a humongous demand for mining equipment.
Likewise, North America is also expected to register healthy growth during the forecast period, led by the presence of key players in the region, increasing mining activities in the USA, and the adoption of the latest technology in the mining process. The USA is anticipated to be the fastest-growing market in the regional landscape.
Mining Bearings Market Drivers:
Some of the key drivers listed in the report are given below.
· Organic growth of the mining industry
Top Companies in the Mining Bearings Market:
Stratview Research has identified the following companies as the top market players:
• AB SKF
• Schaeffler Technologies AG & Co. KG
• NSK Ltd.
• The Timken Company
• NTN Corporation
• Trelleborg AB
• C&U Group Ltd.
• LYC Bearing Corporation
• Thordon Bearings Inc.
• Harbin Bearing Manufacturing Co., Ltd. (HRB Group)
What Unique Insights Does This Report Offer?
This report provides comprehensive insights into the 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?
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About us -
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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