Bearing market is
comprised of roller bearing, ball bearing, plain bearing, spherical plain
bearing, single row ball bearing, plastic ball bearing. Some of the types of
ball bearing include cylinder roller bearing, hollow bearing, spherical roller
bearings, tapered bearing, cross roller bearings, air bearings, and sensorised
bearing. Industrial machinery and automobile sector contribute to the major
share of this market.
In automotive sector two wheeler and four wheelers captures
the majority of the market share. The growth of bearings market is directly
proportional to the global industrial production. Aerospace, off highway and
Railway vehicles also contribute to the share of market. The major end-user
industries such as automotive, construction equipment, agricultural, consumer
and steel and paper continue to shape the fortunes of the bearings market.
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Increased in industrial
machinery and automobile sector is driving the bearing market forward. This two
segments account for a lion's share contributing to the growth of global
bearings market. Increased investment in aerospace industry is boosting the
growth of this market. The increase in demand for railway equipment,
electronics, and aircraft in the developing regions is demonstrating record
sales growth for bearings and related products. Growing concerns over global
warming is increasing the demand for wind turbines and thus driving the growth
of the bearing market.
Asia dominates the
global market contributing to the largest share. China is one of the major
markets in this region followed by countries such as India, Thailand,
Indonesia, Malaysia and the Republic of Korea that have been showing relatively
quicker growth and are expected to be the key markets in upcoming years. Europe
is one of the leading markets with Germany, Italy, UK, France, and Belgium
accounting most of it. The region such as U.S. and Canada makes largest share
of the market in North America.
Some of the key players
in the market include Enpro Industries Inc., Federal Mogul Corporation, Igus,
JTEKT Corporation, LM-Tarbell, Inc., Mineba Co. Ltd, Misumi USA, Inc., NKE Austria
GmbH NSK ltd, NTN Corporation, RBC France SAS, Rexford Industries, LLC,
Schaeffler Technologies AG & Co. KG, SKF Group, Timken Company and others.
This research report
analyzes this market depending on its market segments, major geographies, and
current market trends.
Geographies analyzed under this research report
include
- North America
- Asia Pacific
- Europe
- Rest of the World
This report provides
comprehensive analysis of
- Market growth drivers
- Factors limiting market growth
- Current market trends
- Market structure
- Market projections for upcoming
years
This report is a
complete study of current trends in the market, industry growth drivers, and
restraints. It provides market projections for the coming years. It includes
analysis of recent developments in technology, Porter’s five force model
analysis and detailed profiles of top industry players. The report also
includes a review of micro and macro factors essential for the existing market
players and new entrants along with detailed value chain analysis.
Reasons for Buying this Report
- This report provides pin-point
analysis for changing competitive dynamics
- It provides a forward looking
perspective on different factors driving or restraining market
growth
- It provides a technological growth
map over time to understand the industry growth rate
- It provides a seven-year forecast assessed
on the basis of how the market is predicted to grow
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