Press release
Bearings Market Size Expected To Surpass $110 Million By 2024 | Research Report by Hexa Research
The worldwide market is segmented according to products, applications, and regions. Products encompass ball bearings, roller bearings, and others. Tapered and split bearings are 2 types of roller bearings. ‘Others’ consist of thrust, angular contact, and self-aligning ball bearings.
Ball bearings are predicted to lead the bearings market over the forecast period (2016-2024) due to its ability to reduce friction between different machine components. Deep groove bearings are simple in design and used in radial loads. They are estimated to garner huge growth in the next six years on account of being low-maintenance. Split roller bearings are used in shafts and other hard to reach locations.
Browse Details of Report@
(https://www.hexaresearch.com/research-report/global-bearing-market/)
Electronics, agriculture equipment & machinery, mining & construction equipment, railway & aerospace, and automotive constitute as major market applications. Demand for automotive components will trigger market demand over the next six years. Railway & aerospace sector will experience a similar growth rate on account of increasing dependency by the normal public to use these transportation modes to commute.
Regions covered under the market are North America, Latin America, Asia Pacific, MEA (Middle East & Africa), and Europe. Asia Pacific reigned over the bearings market in 2015 owing to infrastructural projects and rapid industrialization. The market will gain major demand from Western Europe, the U.S., and Japan; due to these countries adopting the latest technologies.
The market is highly competitive in nature. Timken, SKF, NTN Corporation, Schaeffler Group, and NSK Global are some of the top players operating in the bearings market. They are primarily targeting applications in which engineering and manufacturing processes give them an edge over their competition.
Companies are also investing in technology based on recent trends like wind energy. Bearings used in wind turbines will see a development creating new avenues for the market.
Browse Related Category Market Reports @
https://www.hexaresearch.com/research-category/automotive-and-transportation-industry
About Us:
Hexa Research is a market research and consulting organization, offering industry reports, custom research and consulting services to a host of key industries across the globe. We offer comprehensive business intelligence in the form of industry reports which help our clients obtain clarity about their business environment and enable them to undertake strategic growth initiatives.
Contact Us:
Ryan Shaw
Hexa Research
Felton Office Plaza
6265 Highway 9
Felton, California 95018
United States
Phone: +1-800-489-3075
Email: sales@hexaresearch.com
Website - http://www.hexaresearch.com/
Visit Our Blog - hexaresearch1.blogspot.com
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Bearings Market Size Expected To Surpass $110 Million By 2024 | Research Report by Hexa Research here
News-ID: 515606 • Views: …
More Releases from Hexa Research
Acetic Acid Market Research & Development | Industry Report, 2022
The global acetic acid market will be valued at more than $13 billion in 2022. Growing demand for applications like Purified Terephthalic Acid (PTA) and Vinyl Acetate Monomer (VAM) will contribute to this growth. PTA is increasingly being consumed for manufacturing polyester, which is an important constituent of the textile and packaging industries. PTA is expected to witness the fastest growth with a CAGR of more than 4.9% from 2015…
Digitally Printed Wallpaper Market Research & Development | Industry Report, 202 …
The global digitally printed wallpaper market is anticipated to reach USD 13.07 billion by 2025 from USD 2.33 billion in 2017 and is expected to register a CAGR of 24.01% from 2017 to 2025. Growing awareness of home decor market is expected to drive the market for the residential and nonresidential segments. Increased construction in the emerging economies, growth in the residential sector and increasing consumer desire for premium home…
Enhanced Oil Recovery (EOR) Market offshore segment is expected to grow at CAGR …
The global enhanced oil recovery (EOR) market size is estimated to reach USD 55.02 billion by 2025, fueled by the increasing demand for energy in a broad range of applications including manufacturing, infrastructure and utilities. Rising number of aged wells resulting in low oil output has paved the way for advanced technologies including EOR to achieve optimum production.
Keeping these driving factors in mind, companies are focusing on developing advanced technologies…
U.S. Organic Food Market Size and Share | Industry Report, 2025 | Hexa Research
The U.S. organic food market size is expected to reach USD 70.4 billion by 2025 as a result of increasing demand from consumers. Consumers in U.S. seek convenient purchasing options and organic food, which is now easily available, is gaining popularity. These food products are available in more than 20,000 natural food stores and conventional grocery stores across the country.
Over the past decade, organic food has witnessed significant growth. Sold…
More Releases for Bearings
Automotive Engine Bearings Market Set for More Growth| MAHLE Aftermarket, SNL Be …
Advance Market Analytics added research publication document on Worldwide Automotive Engine Bearings Market breaking major business segments and highlighting wider level geographies to get deep dive analysis on market data. The study is a perfect balance bridging both qualitative and quantitative information of Worldwide Automotive Engine Bearings market. The study provides valuable market size data for historical (Volume** & Value) from 2019 to 2023 which is estimated and forecasted till…
Latest research on Aerospace Bearings Market With top key players: Enpro Industr …
Up Market Research offers a latest published report on “Global Aerospace Bearings Market Research Report 2019” delivering key insights and providing a competitive advantage to clients through a detailed report. The report contains 108 pages which highly exhibit on current market analysis scenario, upcoming as well as future opportunities, revenue growth, pricing and profitability.
Request Sample Copy Of this Report @ https://www.upmarketresearch.com/home/requested_sample/65689
Aerospace Bearings Market research report delivers a close watch on…
Global Aerospace Bearings Market to 2019-2025 | Regal Beloit, Schaeffler, Rexnor …
Researchmoz added Most up-to-date research on "Global Aerospace Bearings Market Research Report 2019" to its huge collection of research reports.
Aerospace bearings are the bearings installed in aircraft and aerospace systems including commercial, private, military, or space applications.
Based on type, the aerospace bearings market has been segmented into roller, ball, and others. The roller segment accounted for the largest share of the aerospace bearings market in 2017, owing to the application…
Growth On Hub Unit Bearings Market Focusing On Top Manufactures EBI Bearings, BC …
Market Study Report recently introduced new title on “2018-2023 Global Hub Unit Bearings Market Report” from its database. The report provides study with in-depth overview, describing about the Product, Industry Scope and elaborates market outlook and status to 2023.
The research analysts in their primary research observed that the rapid growth of the Hub Unit Bearings market over the forecast period is expected to open potential opportunities for the Hub Unit…
Roller Bearings Market 2018-2025 Key Players: HKT, HRB, Minebea, NBI Bearings, R …
A recent industry assessment report on the Roller Bearings market applies qualitative and quantitative research techniques to probe into the complete business scenario of the Roller Bearings market for the forecast period 2018 - 2025. The study churns out some real-time data and offers enough information on the estimated market size, growth, and share to the stakeholders, field marketing personnel and product owners planning to multiply profitability and reduce costs.…
Global Crossed Roller Bearings Market 2017- THB Bearings, THK, CPM Bearings, HIW …
The Crossed Roller Bearings Market 2017 examines the performance of the Crossed Roller Bearings market, enclosing an in-depth judgment of the Crossed Roller Bearings market state and the competitive landscape globally. This report analyzes the potential of Crossed Roller Bearings market in the present as well as the future prospects from various angles in detail.
The Global Crossed Roller Bearings Market 2017 report includes Crossed Roller Bearings industry volume, market Share,…
