Bearing Market Trends, Drivers, Opportunities, and Restraints 2020 to 2027

(Profound via Comtex)

Bearing is a product which is used as a machine element. It has the ability to constrain relative motion to only the desired motion.

Bearings are also used to reduce friction between moving parts. Companies are working on development of supply chain to deliver bearings quickly.

Market Trends

  • Globally, the sales of electric vehicles have increased tremendously. Almost every car manufacturer now has an electric car being sold, from the BMW i3 to the Nissan Leaf. This surge in electric cars on the roads has led to increased research and innovation required by these major manufacturers.
  • Bearing manufacturer SKF has been investing in the development of its bearings in order to keep up with the ever-increasing demand for new and better bearings. For instance, the company has developed a range of ball bearings that increases the mileage that an electric or hybrid car can travel. These are their energy efficient SKF e-Drive bearing that work by decreasing the levels of friction and heat, which allows the car to move more efficiently and improves the power density, to extend the battery life.

Drivers, Opportunities, and Restraints

  • The growing production of vehicles globally is directly influencing the growth in demand for bearings used in automotive parts. According to data released by the International Organization of Motor Vehicle Manufacturers (OICA), global production of passenger vehicles stood at69 millionunits in2018, registering a growth of2.2%as compared to the previous year.
  • Bearings used in various machinery need to be monitored continuously in order to ensure efficiency, reliability, consistency, and cost effectiveness of the operations. Upcoming technologies such as smart bearings will help manufacturers monitor bearing operations constantly. This factor is expected to create new opportunity in the bearing market.
  • Currently, counterfeit bearings are showing up in the marketplace in large volumes. Some unscrupulous companies are mislabeling inferior-quality counterfeit bearings as brands from reputed bearing companies. It is often hard to tell the difference between genuine and counterfeit bearings.

The global bearing market is predicted surpass market size is projected to garner revenue around US$ 195 billion by 2027 growing at a compound annual growth rate (CAGR) of around 6.85% during period 2020 to 2027.

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This report focuses on Bearing volume and value at the global level, regional level and company level. From a global perspective, this report represents overall Bearing market size by analysing historical data and future prospect. Regionally, this report focuses on several key regions: North America, Europe, Middle East amp; Africa, Latin America, etc.

The research report includes specific segments by region (country), by company, by all segments. This study provides information about the growth and revenue during the historic and forecasted period of 2016 to 2027. Understanding the segments helps in identifying the importance of different factors that aid the market growth.

Regional Analysis

The report has been curated after observing and studying various factors that determine regional growth such as economic, environmental, social, technological, and political status of the particular region. Analysts have studied the data of revenue and manufacturers of each region. This section analyses region-wise revenue and volume for the forecast period of 2016 to 2027. These analyses will help the reader to understand the potential worth of investment in a particular region.

The report includes country-wise and region-wise market size for the period 2016-2027. It also includes market size and forecast by segments in terms of production capacity, price and revenue for the period 2016-2027.

In this study, the years considered to estimate the market size of Bearing are as follows:

  • History Year: 2016-2019
  • Base Year: 2019
  • Estimated Year: 2020
  • Forecast Year 2020 to 2027

Competitive Landscape

Competitive Landscape and Market Bearing Market Share Analysis

This section of the report identifies various key manufacturers of the market. It helps the reader understand the strategies and collaborations that players are focusing on combat competition in the market. The comprehensive report provides a significant microscopic look at the market. The reader can identify the footprints of the manufacturers by knowing about the global revenue of manufacturers, the global price of manufacturers, and sales by manufacturers during the forecast period of 2016 to 2019.

The analysts have provided a comprehensive analysis of the competitive landscape of the global Bearing market with the company market structure and market share analysis of the top players. The innovative trends and developments, mergers and acquisitions, product portfolio, and new product innovation to provide a dashboard view of the market, ultimately providing the readers accurate measure of the current market developments, business strategies, and key financials.

Major manufacturers amp; their revenues, percentage splits, market shares, growth rates and breakdowns of the product markets are determined through secondary sources and verified through the primary sources.

Top-down and bottom-up approaches are used to estimate and validate the global market size for company, regional division, product type and application (end users) and other segments.

  • Company Overview
  • Company Market Share/Positioning Analysis
  • Product Offerings
  • Financial Performance
  • Recent Initiatives
  • Key Strategies Adopted by Players
  • Vendor Landscape
  • List of Suppliers
  • List of Buyers

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Some of the noteworthy companies in the bearing market include:

  • SKF
  • The Timken Company
  • Rexnord Corporation
  • MinebeaMitsumi Inc.
  • NSK Ltd
  • Schaeffler AG
  • RBC Bearings Incorporated
  • JTEKT Corporation
  • NTN Bearing Corporation
  • Danaher

Segmentation

By Product Type

  • Plain Bearing
  • Ball Bearing
    • Four-point Contact
    • Self-aligning
    • Deep Groove
    • Angular Contact
    • Others
  • Roller Bearing
  • Others

By Type

  • Mounted Bearing
  • Unmounted Bearing

By Material Type

  • Metal
    • Stainless Steel
    • Chrome Steel
    • Carbon Steel
    • Brass
    • Others
  • Plastic
  • Ceramic

By Distribution Channel Type

  • Offline
  • Online

By Component Type

  • Cages
  • Balls
  • Rollers
  • Rings
  • Others

By Application Type

  • Construction
  • Aerospace
  • Automotive
  • Power Transmission
  • Oil amp; Gas

By Regional Type

  • North America
    • U.S.
    • Canada
  • Europe
    • U.K.
    • Germany
    • France
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
  • Middle East amp; Africa
  • Latin America

Research Methodology

In order to compile the research report, we conducted in-depth interviews and discussions with a number of key industry participants and opinion leaders. Primary research represents the bulk of research efforts, supplemented by extensive secondary research. We reviewed key players’ product literature, annual reports, press releases, and relevant documents for competitive analysis and market understanding. Secondary research also includes a search of recent trade, technical writing, internet sources, and statistical data from government websites, trade associations, and agencies. This has proven to be the most reliable, effective, and successful approach for obtaining precise market data, capturing industry participants’ insights, and recognizing business opportunities.

Secondary research sources that are typically referred to include, but are not limited to company websites, annual reports, financial reports, broker reports, investor presentations, and SEC filings, internal and external proprietary databases, and relevant patent and regulatory databases, national government documents, statistical databases, and market reports, news articles, press releases, and webcasts specific to companies operating in the market, National government documents, statistical databases, and market reports.

Primary research involves e-mail interactions, telephonic interviews, and face-to-face interviews for each market, category, segment, and sub-segment across geographies. We conduct primary interviews on an ongoing basis with industry participants and commentators in order to validate the data and analysis. Primary interviews provide firsthand information on market size, market trends, growth trends, competitive landscape, and outlook, etc. These help validate and strengthen secondary research findings. These also help develop the analysis team’s expertise and market understanding.

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Chapter 1. Introduction

1.1. Research Objective
1.2. Scope of the Study
1.3. Definition

Chapter 2. Research Methodology

2.1. Research Approach
2.2. Data Sources
2.3. Assumptions amp; Limitations

Chapter 3. Executive Summary

3.1. Market Snapshot

Chapter 4. Market Variables and Scope

4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Application Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis

Chapter 5. Market Dynamics Analysis and Trends

5.1. Market Dynamics
5.1.1. Market Drivers
5.1.2. Market Restraints
5.1.3. Market Opportunities
5.2. Porter’s Five Forces Analysis
5.2.1. Bargaining power of suppliers
5.2.2. Bargaining power of buyers
5.2.3. Threat of substitute
5.2.4. Threat of new entrants
5.2.5. Degree of competition

Chapter 6. Competitive Landscape

6.1.1. Company Market Share/Positioning Analysis
6.1.2. Key Strategies Adopted by Players
6.1.3. Vendor Landscape
6.1.3.1. List of Suppliers
6.1.3.2. List of Buyers

Chapter 7. Global Bearing Market, By Product Type

7.1. Bearing Market, by Product Type, 2020-2027
7.1.1. Plain Bearing
7.1.1.1. Market Revenue and Forecast (2016-2027)
7.1.2. Ball Bearing
7.1.2.1. Market Revenue and Forecast (2016-2027)
7.1.3. Roller Bearing
7.1.3.1. Market Revenue and Forecast (2016-2027)
7.1.4. Other
7.1.4.1. Market Revenue and Forecast (2016-2027)

Chapter 8. Global Bearing Market, By Type

8.1. Bearing Market, by Type, 2020-2027
8.1.1. Mounted Bearing
8.1.1.1. Market Revenue and Forecast (2016-2027)
8.1.2. Unmounted Bearing
8.1.2.1. Market Revenue and Forecast (2016-2027)

Chapter 9. Global Bearing Market, By Material Type

9.1. Bearing Market, by Material Type, 2020-2027
9.1.1. Metal (Stainless Steel, Chrome Steel, Carbon Steel, Brass)
9.1.1.1. Market Revenue and Forecast (2016-2027)
9.1.2. Plastic
9.1.2.1. Market Revenue and Forecast (2016-2027)
9.1.3. Ceramic
9.1.3.1. Market Revenue and Forecast (2016-2027)

Chapter 10. Global Bearing Market, By Component Type

10.1. Bearing Market, by Component Type, 2020-2027
10.1.1. Cages
10.1.1.1. Market Revenue and Forecast (2016-2027)
10.1.2. Balls
10.1.2.1. Market Revenue and Forecast (2016-2027)
10.1.3. Rollers
10.1.3.1. Market Revenue and Forecast (2016-2027)
10.1.4. Rings
10.1.4.1. Market Revenue and Forecast (2016-2027)
10.1.5. Other
10.1.5.1. Market Revenue and Forecast (2016-2027)

Chapter 11. Global Bearing Market, By Distribution Channel

11.1. Bearing Market, by Distribution Channel, 2020-2027
11.1.1. Offline
11.1.1.1. Market Revenue and Forecast (2016-2027)
11.1.2. Online
11.1.2.1. Market Revenue and Forecast (2016-2027)

Chapter 12. Global Bearing Market, By Application

12.1. Bearing Market, by Application Type, 2020-2027
12.1.1. Construction
12.1.1.1. Market Revenue and Forecast (2016-2027)
12.1.2. Aerospace
12.1.2.1. Market Revenue and Forecast (2016-2027)
12.1.3. Automotive
12.1.3.1. Market Revenue and Forecast (2016-2027)
12.1.4. Power Transmission
12.1.4.1. Market Revenue and Forecast (2016-2027)
12.1.5. Oil amp; Gas
12.1.5.1. Market Revenue and Forecast (2016-2027)

Chapter 13. Global Bearing Market, Regional Estimates and Trend Forecast

13.1. North America
13.1.1. Market Revenue and Forecast, by Product (2016-2027)
13.1.2. Market Revenue and Forecast, by Type (2016-2027)
13.1.3. Market Revenue and Forecast, by Material (2016-2027)
13.1.4. Market Revenue and Forecast, by Component (2016-2027)
13.1.5. Market Revenue and Forecast, by Distribution Channel (2016-2027)
13.1.6. Market Revenue and Forecast, by Application (2016-2027)
13.1.7. U.S.
13.1.7.1. Market Revenue and Forecast, by Product (2016-2027)
13.1.7.2. Market Revenue and Forecast, by Type (2016-2027)
13.1.7.3. Market Revenue and Forecast, by Material (2016-2027)
13.1.7.4. Market Revenue and Forecast, by Component (2016-2027)
13.1.8. Market Revenue and Forecast, by Distribution Channel (2016-2027)
13.1.8.1. Market Revenue and Forecast, by Application (2016-2027)
13.1.9. Rest of North America
13.1.9.1. Market Revenue and Forecast, by Product (2016-2027)
13.1.9.2. Market Revenue and Forecast, by Type (2016-2027)
13.1.9.3. Market Revenue and Forecast, by Material (2016-2027)
13.1.9.4. Market Revenue and Forecast, by Component (2016-2027)
13.1.10. Market Revenue and Forecast, by Distribution Channel (2016-2027)
13.1.11. Market Revenue and Forecast, by Application (2016-2027)
13.2. Europe
13.2.1. Market Revenue and Forecast, by Product (2016-2027)
13.2.2. Market Revenue and Forecast, by Type (2016-2027)
13.2.3. Market Revenue and Forecast, by Material (2016-2027)
13.2.4. Market Revenue and Forecast, by Component (2016-2027)
13.2.5. Market Revenue and Forecast, by Distribution Channel (2016-2027)
13.2.6. Market Revenue and Forecast, by Application (2016-2027)
13.2.8. UK
13.2.8.1. Market Revenue and Forecast, by Product (2016-2027)
13.2.8.2. Market Revenue and Forecast, by Type (2016-2027)
13.2.8.3. Market Revenue and Forecast, by Material (2016-2027)
13.2.9. Market Revenue and Forecast, by Component (2016-2027)
13.2.10. Market Revenue and Forecast, by Distribution Channel (2016-2027)
13.2.10.1. Market Revenue and Forecast, by Application (2016-2027)
13.2.11. Germany
13.2.11.1. Market Revenue and Forecast, by Product (2016-2027)
13.2.11.2. Market Revenue and Forecast, by Type (2016-2027)
13.2.11.3. Market Revenue and Forecast, by Material (2016-2027)
13.2.12. Market Revenue and Forecast, by Component (2016-2027)
13.2.13. Market Revenue and Forecast, by Distribution Channel (2016-2027)
13.2.14. Market Revenue and Forecast, by Application (2016-2027)
13.2.15. France
13.2.15.1. Market Revenue and Forecast, by Product (2016-2027)
13.2.15.2. Market Revenue and Forecast, by Type (2016-2027)
13.2.15.3. Market Revenue and Forecast, by Material (2016-2027)
13.2.15.4. Market Revenue and Forecast, by Component (2016-2027)
13.2.16. Market Revenue and Forecast, by Distribution Channel (2016-2027)
13.2.16.1. Market Revenue and Forecast, by Application (2016-2027)
13.2.17. Rest of Europe
13.2.17.1. Market Revenue and Forecast, by Product (2016-2027)
13.2.17.2. Market Revenue and Forecast, by Type (2016-2027)
13.2.17.3. Market Revenue and Forecast, by Material (2016-2027)
13.2.17.4. Market Revenue and Forecast, by Component (2016-2027)
13.2.18. Market Revenue and Forecast, by Distribution Channel (2016-2027)
13.2.18.1. Market Revenue and Forecast, by Application (2016-2027)
13.3. APAC
13.3.1. Market Revenue and Forecast, by Product (2016-2027)
13.3.2. Market Revenue and Forecast, by Type (2016-2027)
13.3.3. Market Revenue and Forecast, by Material (2016-2027)
13.3.4. Market Revenue and Forecast, by Component (2016-2027)
13.3.5. Market Revenue and Forecast, by Distribution Channel (2016-2027)
13.3.6. Market Revenue and Forecast, by Application (2016-2027)
13.3.7. India
13.3.7.1. Market Revenue and Forecast, by Product (2016-2027)
13.3.7.2. Market Revenue and Forecast, by Type (2016-2027)
13.3.7.3. Market Revenue and Forecast, by Material (2016-2027)
13.3.7.4. Market Revenue and Forecast, by Component (2016-2027)
13.3.8. Market Revenue and Forecast, by Distribution Channel (2016-2027)
13.3.9. Market Revenue and Forecast, by Application (2016-2027)
13.3.10. China
13.3.10.1. Market Revenue and Forecast, by Product (2016-2027)
13.3.10.2. Market Revenue and Forecast, by Type (2016-2027)
13.3.10.3. Market Revenue and Forecast, by Material (2016-2027)
13.3.10.4. Market Revenue and Forecast, by Component (2016-2027)
13.3.11. Market Revenue and Forecast, by Distribution Channel (2016-2027)
13.3.11.1. Market Revenue and Forecast, by Application (2016-2027)
13.3.12. Japan
13.3.12.1. Market Revenue and Forecast, by Product (2016-2027)
13.3.12.2. Market Revenue and Forecast, by Type (2016-2027)
13.3.12.3. Market Revenue and Forecast, by Material (2016-2027)
13.3.12.4. Market Revenue and Forecast, by Component (2016-2027)
13.3.12.5. Market Revenue and Forecast, by Distribution Channel (2016-2027)
13.3.12.6. Market Revenue and Forecast, by Application (2016-2027)
13.3.13. Rest of APAC
13.3.13.1. Market Revenue and Forecast, by Product (2016-2027)
13.3.13.2. Market Revenue and Forecast, by Type (2016-2027)
13.3.13.3. Market Revenue and Forecast, by Material (2016-2027)
13.3.13.4. Market Revenue and Forecast, by Component (2016-2027)
13.3.13.5. Market Revenue and Forecast, by Distribution Channel (2016-2027)
13.3.13.6. Market Revenue and Forecast, by Application (2016-2027)
13.4. MEA
13.4.1. Market Revenue and Forecast, by Product (2016-2027)
13.4.2. Market Revenue and Forecast, by Type (2016-2027)
13.4.3. Market Revenue and Forecast, by Material (2016-2027)
13.4.4. Market Revenue and Forecast, by Component (2016-2027)
13.4.5. Market Revenue and Forecast, by Distribution Channel (2016-2027)
13.4.6. Market Revenue and Forecast, by Application (2016-2027)
13.4.7. GCC
13.4.7.1. Market Revenue and Forecast, by Product (2016-2027)
13.4.7.2. Market Revenue and Forecast, by Type (2016-2027)
13.4.7.3. Market Revenue and Forecast, by Material (2016-2027)
13.4.7.4. Market Revenue and Forecast, by Component (2016-2027)
13.4.8. Market Revenue and Forecast, by Distribution Channel (2016-2027)
13.4.9. Market Revenue and Forecast, by Application (2016-2027)
13.4.10. North Africa
13.4.10.1. Market Revenue and Forecast, by Product (2016-2027)
13.4.10.2. Market Revenue and Forecast, by Type (2016-2027)
13.4.10.3. Market Revenue and Forecast, by Material (2016-2027)
13.4.10.4. Market Revenue and Forecast, by Component (2016-2027)
13.4.11. Market Revenue and Forecast, by Distribution Channel (2016-2027)
13.4.12. Market Revenue and Forecast, by Application (2016-2027)
13.4.13. South Africa
13.4.13.1. Market Revenue and Forecast, by Product (2016-2027)
13.4.13.2. Market Revenue and Forecast, by Type (2016-2027)
13.4.13.3. Market Revenue and Forecast, by Material (2016-2027)
13.4.13.4. Market Revenue and Forecast, by Component (2016-2027)
13.4.13.5. Market Revenue and Forecast, by Distribution Channel (2016-2027)
13.4.13.6. Market Revenue and Forecast, by Application (2016-2027)
13.4.14. Rest of MEA
13.4.14.1. Market Revenue and Forecast, by Product (2016-2027)
13.4.14.2. Market Revenue and Forecast, by Type (2016-2027)
13.4.14.3. Market Revenue and Forecast, by Material (2016-2027)
13.4.14.4. Market Revenue and Forecast, by Component (2016-2027)
13.4.14.5. Market Revenue and Forecast, by Distribution Channel (2016-2027)
13.4.14.6. Market Revenue and Forecast, by Application (2016-2027)
13.5. Latin America
13.5.1. Market Revenue and Forecast, by Product (2016-2027)
13.5.2. Market Revenue and Forecast, by Type (2016-2027)
13.5.3. Market Revenue and Forecast, by Material (2016-2027)
13.5.4. Market Revenue and Forecast, by Component (2016-2027)
13.5.5. Market Revenue and Forecast, by Distribution Channel (2016-2027)
13.5.6. Market Revenue and Forecast, by Application (2016-2027)
13.5.7. Brazil
13.5.7.1. Market Revenue and Forecast, by Product (2016-2027)
13.5.7.2. Market Revenue and Forecast, by Type (2016-2027)
13.5.7.3. Market Revenue and Forecast, by Material (2016-2027)
13.5.7.4. Market Revenue and Forecast, by Component (2016-2027)
13.5.8. Market Revenue and Forecast, by Distribution Channel (2016-2027)
13.5.8.1. Market Revenue and Forecast, by Application (2016-2027)
13.5.9. Rest of LATAM
13.5.9.1. Market Revenue and Forecast, by Product (2016-2027)
13.5.9.2. Market Revenue and Forecast, by Type (2016-2027)
13.5.9.3. Market Revenue and Forecast, by Material (2016-2027)
13.5.9.4. Market Revenue and Forecast, by Component (2016-2027)
13.5.9.5. Market Revenue and Forecast, by Distribution Channel (2016-2027)
13.5.9.6. Market Revenue and Forecast, by Application (2016-2027)

Chapter 14. Company Profiles

14.1. SKF
14.1.1. Company Overview
14.1.2. Product Offerings
14.1.3. Financial Performance
14.1.4. Recent Initiatives
14.2. The Timken Company
14.2.1. Company Overview
14.2.2. Product Offerings
14.2.3. Financial Performance
14.2.4. Recent Initiatives
14.3. Rexnord Corporation
14.3.1. Company Overview
14.3.2. Product Offerings
14.3.3. Financial Performance
14.3.4. Recent Initiatives
14.4. MinebeaMitsumi Inc.
14.4.1. Company Overview
14.4.2. Product Offerings
14.4.3. Financial Performance
14.4.4. Recent Initiatives
14.5. NSK Ltd
14.5.1. Company Overview
14.5.2. Product Offerings
14.5.3. Financial Performance
14.5.4. Recent Initiatives
14.6. Schaeffler AG
14.6.1. Company Overview
14.6.2. Product Offerings
14.6.3. Financial Performance
14.6.4. Recent Initiatives
14.7. RBC Bearings Incorporated
14.7.1. Company Overview
14.7.2. Product Offerings
14.7.3. Financial Performance
14.7.4. Recent Initiatives
14.8. JTEKT Corporation
14.8.1. Company Overview
14.8.2. Product Offerings
14.8.3. Financial Performance
14.8.4. Recent Initiatives
14.9. NTN Bearing Corporation
14.9.1. Company Overview
14.9.2. Product Offerings
14.9.3. Financial Performance
14.9.4. Recent Initiatives
14.10. Danaher
14.10.1. Company Overview
14.10.2. Product Offerings
14.10.3. Financial Performance
14.10.4. Recent Initiatives

Chapter 15. Research Methodology

15.1. Primary Research
15.2. Secondary Research
15.3. Assumptions

Chapter 16. Appendix

16.1. About Us
16.2. Glossary of Terms

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