Sensor Bearing Market by Functionality, Application, End-use Industry, and Region - Global Forecast to 2023

(Comserve via Comtex)

Japan, Japan, Thu, 22 Jul 2021 06:25:06 / Comserve Inc. / -- This detailed analysis includes market size and forecasts, covering regional analysis, trends, opportunities and COVID-19 analysis. The analysis also includes key players with business strategies and key indicators that influence market growth

The sensor bearing market is projected to reach USD 6.5 billion by 2023 from USD 5.1 billion in 2018, at a CAGR of 5.2% between 2018 and 2023. The major factors driving the sensor bearing market are increasing demand for sensor bearings from end-use industries, such as automotive and transportation, and enforcement of stringent regulations related to the mandatory installation of ABS systems in cars in various Asia Pacific and European countries.

Speed functionality sensor bearings are mostly used in the ABS systems of automotive vehicles. Presently, over 90% of the vehicles that ply on roads are equipped with wheel speed sensors in the ABS systems. Additionally, the US and some member countries of the European Union have made the installation of ABS and ESC systems mandatory in passenger cars since 2011 and 2014, respectively, thereby leading to the increasing demand for sensor bearings in these countries

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"The Final Report will cover the impact analysis of COVID-19 on this industry: Sensor Bearing Market by Functionality, Application, End-use Industry, and Region - Global Forecast to 2023

The ABS application segment of the sensor bearing market is expected to grow at the highest CAGR during the forecast period. The growing demand for ABS systems from automotive OEMs in countries, such as China, India, Japan, Germany, and the US is expected to lead to the growth of this segment.

The Asia Pacific region is projected to grow at the highest CAGR in the global sensor bearing market. The sensor bearing market in Europe is expected to witness significant growth on account of the increasing demand for sensor bearings from end-use industries, such as automotive and transportation, and the enforcement of stringent regulations related to the mandatory installation of ABS systems in automotive vehicles in various Asia Pacific countries, such as India, Japan, and China.

Request for Sample Report: https://www.sdki.jp/sample-request-106388
"The Final Report will cover the impact analysis of COVID-19 on this industry: Sensor Bearing Market by Functionality, Application, End-use Industry, and Region - Global Forecast to 2023

Profile break-up of primary participants for the report:

? By Company: Tier 1 - 53 %, Tier 2 - 21%, Tier 3 - 26%
? By Designation: C level - 33%, Director level - 22%, Others - 45%
? By Region: North America - 50%, Europe - 17%, Asia Pacific - 25%, Middle East & Africa - 3%, and South America - 5%

Key benefits of buying the report:

From an insight perspective, this research report has focused on various levels of analyses -- industry analysis (industry trends), market share analysis of top players, and company profiles, which together comprise and discuss the basic views on the competitive landscape, emerging and high-growth segments of the sensor bearing market, high-growth regions, and market drivers, restraints, and opportunities.

The report provides insights on the following pointers:


? Market Penetration: Comprehensive information on sensor bearings offered by top players in the sensor bearing market
? Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product launches in the sensor bearing market
? Market Development: Comprehensive information about lucrative emerging markets - the report analyzes the markets for sensor bearings across regions
? Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the sensor bearing market
? Competitive Assessment: In-depth assessment of market shares, strategies, products, and manufacturing capabilities of the leading players in the sensor bearing market

TABLE OF CONTENTS

1 INTRODUCTION 19
1.1 OBJECTIVES OF THE STUDY 19
1.2 MARKET DEFINITION 19
1.3 SCOPE OF THE STUDY 20
1.3.1 MARKETS COVERED 20
1.3.2 YEARS CONSIDERED FOR THE STUDY 21
1.4 CURRENCY 22
1.5 LIMITATIONS 22
1.6 STAKEHOLDERS 22
2 RESEARCH METHODOLOGY 23
2.1 RESEARCH DATA 23
2.1.1 SECONDARY DATA 24
2.1.1.1 Key data from secondary sources 24
2.1.2 PRIMARY DATA 25
2.1.2.1 Key data from primary sources 25
2.1.2.2 Key industry insights 26
2.1.2.3 Breakdown of primary interviews 26
2.2 MARKET SIZE +0000IMATION 27
2.2.1 BOTTOM-UP APPROACH 27
2.2.2 TOP-DOWN APPROACH 28
2.3 DATA TRIANGULATION 29
2.4 RESEARCH ASSUMPTIONS 30
3 EXECUTIVE SUMMARY 31
4 PREMIUM INSIGHTS 35
4.1 ATTRACTIVE OPPORTUNITIES IN THE SENSOR BEARING MARKET 35
4.2 SENSOR BEARING MARKET, BY REGION 35
4.3 ASIA PACIFIC SENSOR BEARING MARKET, BY FUNCTIONALITY AND COUNTRY 36
4.4 SENSOR BEARING MARKET: MAJOR COUNTRIES 37
4.5 SENSOR BEARING MARKET, BY APPLICATION 37
5 MARKET OVERVIEW 38
5.1 INTRODUCTION 39
5.2 MARKET DYNAMICS 39
5.2.1 DRIVERS 40
5.2.1.1 Increasing demand for bearings with longer service life, higher efficiency, and lower maintenance requirements 40
5.2.1.2 Increasing demand for sensor bearings from end-use industries 40
5.2.1.3 Growing demand for off-highway and material handling equipment 41
5.2.2 RESTRAINTS 42
5.2.2.1 Volatility of raw material prices 42
5.2.2.2 Easy access to low-quality products 43
5.2.2.3 Falling after sales market 43
5.2.3 OPPORTUNITIES 44
5.2.3.1 Growth prospects in emerging economies 44
5.2.3.2 Adoption of Industrial Internet of Things (IIoT) in the bearing technology 44
5.2.4 CHALLENGES 44
5.2.4.1 Lack of awareness about the advantages of the sensor bearings
and reluctant to utilize the product 44

The dynamic nature of business environment in the current global economy is raising the need amongst business professionals to update themselves with current situations in the market. To cater such needs, Shibuya Data Count provides market research reports to various business professionals across different industry verticals, such as healthcare & pharmaceutical, IT & telecom, chemicals and advanced materials, consumer goods & food, energy & power, manufacturing & construction, industrial automation & equipment and agriculture & allied activities amongst others.

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