Bearing Market to Exceed US$ 136 Billion Globally by 2022

New York, March 30: Market Research Engine has published a new report titled as “Bearing Market By Product Type (Unmounted ball bearings, Plain Bearings, and Roller Bearings); By Component type (Cages, Balls, Rollers, and Rings); By End Users (Oilfield Machinery, Aerospace Equipment, Power Transmission Equipment, Construction Machinery, Farm and Garden Machinery, and Motor Vehicles) - Global Industry Analysis and Forecast 2016 - 2022”

How Big is the Bearing Market?

The bearing market is expected to exceed more than US$ 136 Billion by 2022; Growing at a CAGR of more than 7.5% in the given forecast period.

Browse Full Report: https://www.marketresearchengine.com/reportdetails/bearing-market-report

Bearings are machine components which are mainly used for sinking friction among moving elements. For example, in case of a roller bearing the rolling components in the bearings withstand the weight, allowing the tools to rotate smoothly. With technical advancements in several business verticals such as oil and gas, construction and automotive the functionalities and applications of bearing are developing continuously. High end technology such as smart bearings facilitates manufacturers to examine bearing operations continuously.

The major driving factors of bearing market are as follows:

Increasing vehicle production globally
Increasing requirement in aerospace and defense industry
Require for energy efficiency

The restraining factors of bearing market are as follows:

Growing in counterfeit products
Reduction after sales market

The bearing market is segmented on the lines of its product, component, end user and regional. Based on product segmentation it covers roller bearing, plain bearing, unmounted ball bearings and others. Under component segmentation the bearing market contains rings, cages, rollers, balls and others. The bearing market is segmented on the lines of its end user like oilfield machinery, farm and garden machinery, construction machinery, power transmission equipment, aerospace equipment, motor vehicles and other machinery. The bearing market’s geographic segmentation covers various regions such as North America, Europe, Asia Pacific, Latin America, Middle East and Africa. Each geographic market is further segmented to provide market revenue for select countries such as the U.S., Canada, U.K. Germany, China, Japan, India, Brazil, and GCC countries.

Download Free Sample Report: https://www.marketresearchengine.com/requestsample/bearing-market-report

This report provides:

1) An overview of the global market for bearing and related technologies.

2) Analyses of global market trends, with data from 2013, estimates for 2014 and 2015, and projections of compound annual growth rates (CAGRs) through 2022.

3) Identifications of new market opportunities and targeted promotional plans for bearing.

4) Discussion of research and development, and the demand for new products and new applications.

5) Comprehensive company profiles of major players in the industry.

REPORT SCOPE:

The scope of the report includes a detailed study of global and regional markets for Bearing Market for variations in the growth of the industry in certain regions.

The report covers detailed competitive outlook including the market share and company profiles of the key participants operating in the global market. Key players profiled in the report include C&U Group, The Timken Co., Harbin Bearing Group, Wafangdian Bearing Co. Ltd., SKF Group, NTN Corp., Asahi Seiko Co. Ltd., Brammer PLC, Schaeffler Group, ThyssenKrupp AG, RBC Bearings, Rexnord Corp., JTEKT Corp., NSK Ltd., GGB Bearing Technology, Daido Metal Co. Ltd., and Danaher Corp. Company profile includes assign such as company summary, financial summary, business strategy and planning, SWOT analysis and current developments.

The Top Companies Report is intended to provide our buyers with a snapshot of the industry’s most influential players.

The Bearing Market has been segmented as below:

By Product Segment Analysis

Roller Bearing
Plain Bearing
Unmounted Ball Bearings
Others

By Component Analysis

Rings
Cages
Rollers
Balls
Others

By End User Analysis

Oilfield Machinery
Farm and Garden Machinery
Construction Machinery
Power Transmission Equipment
Aerospace Equipment
Motor Vehicles
Other Machinery

By Regional Analysis

North America
Europe
Asia-Pacific
Rest of the World

Reasons to Buy this Report:

1) Obtain the most up to date information available on all bearings.
2) Identify growth segments and opportunities in the industry.
3) Facilitate decision making on the basis of strong historic and forecast of bearing data.
4) Assess your competitor’s refining portfolio and its evolution.

About MarketResearchEngine.com

Market Research Engine is a global market research and consulting organization. We provide market intelligence in emerging, niche technologies and markets. Our market analysis powered by rigorous methodology and quality metrics provide information and forecasts across emerging markets, emerging technologies and emerging business models. Our deep focus on industry verticals and country reports help our clients to identify opportunities and develop business strategies.

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This release was published on openPR.