Bearing Market
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Bearing Market Overview
The report is titled ‘Bearing Market: Opportunity Analysis and Future Assessment 2020-2028’. An overview of conceptual frameworks, analytical approaches of the bearing market is the main objective of the report, which further consists of the market opportunity and insights of the data involved in the making of the respective market. The bearing market is expected to grow at a significant rate in the near future.
The global bearing market was valued at US$ 109.5 Bn by the end of 2020 and expected to reach at a value of US$ 173.5 Bn by 2028 with a significant CAGR of 6.0%.
Bearing Introduction
Bearings, basically, are mechanical assemblages that comprises rolling elements and generally outer and inner races which serve its utility by rotary or linear shaft applications. Notably, there are numerous kinds of bearings, such as roller and ball bearings, linear bearings, and also mounted forms that may utilize either plain bearings or rolling element bearings.
Bearings are a pivotal tribological element of many kinds of machinery and available in a variety of shapes and forms. For instance, a sliding door, which cannot be removed or lifted from its place. It only allows sliding to open it. The practicable movement is bound to sliding motion with the help of bearings. The major intention of bearings is to avoid direct metal to metal contact in the middle of two elements that have relative motion between them. This hinders heat generation, friction, and lastly, the depreciation and disintegration of parts. It further lowers energy consumption as low friction rolling takes place of sliding motion.
Bearing Market Dynamics
Bearing is the machinery component that is employed to assist relative motion and lessen friction that is created amongst the moving parts. The myriad of applications of bearing in various industries across the world, including wind turbines, automobile, agricultural equipment, construction & mining machinery, machine tools, and many others. Owing to which, the global bearing market is projected to witness major breakthroughs over the coming years.
With the same token, bearings also finds application in automobiles to make sure the smooth running of cars, electric vehicles (EVs), and other kinds of vehicles such as heavy vehicles such as trucks and lightweight commercial vehicles. The advances in the automobile industry further stimulates the demand of various kinds of bearing in the global markets, which in turn is projected to positively fuel the growth of the global bearing market in the forthcoming future.
Bearing Market Segmentation
The global bearing market is segmented on the basis of type, size, distribution channel, machine type, end-use and regions. On the basis of type, the bearing market is segmented into ball bearings and tapered bearings. On the basis of size, the market is categorized into 30 to 40, 41 to 50, 51 to 60, 61 to 70, and 70 & above. Furthermore, on the basis of the distribution channel, the market is bifurcated into Original equipment manufacturers (OEMs) and Aftermarket. On the basis of machine type, the market is divided into ICE Vehicles, Electric Vehicles, Industrial Machinery, and Aerospace Machinery. The market is segmented on the basis of end-user into Automotive, Industrial, and Aerospace.
The research report classifies the global bearing market based on type, size, distribution channel, machine type, end-use and regions.
By Type
Ball bearings
Tapered Bearings
By Size
30 to 40
41 to 50
51 to 60
61 to 70
70 & above
By Distribution Channel
Original Equipment Manufacturers (OEMs)
Aftermarket
By Machine Type
ICE Vehicles
Electric Vehicles
Industrial Machinery
Aerospace Machinery
By End Use
Automotive
Industrial
Aerospace
By Region
North America
Latin America
Africa
Europe
Asia Pacific
Middle East
Bearing Market Key Players
The global bearing market is dominated by NSK Ltd., Schaeffler AG, NTN Corporation, SKF, Iljin Bearing, RKB Bearing, JTEKT Corporation, Timken, Wafangdian Bearing Co. Ltd., THK Co. Ltd., among others.
MMC Overview on Bearing Market Report
The non-identical approach of Reports and Insights stands with conceptual methods backed up with the data analysis. The novel market understanding approach makes up the standard of the assessment results that give a better opportunity for the customers to put their effort.
A research report on the bearing market by Reports and Insights is an in-depth and extensive study of the market based on the necessary data crunching and statistical analysis. It provides a brief view of the dynamics flowing through the market, which includes the factors that support the market and the factors that are acting as impedance for the growth of the market.
Furthermore, the report includes the various trends and opportunities in the respective market in different regions for a better understanding of readers that helps to analyze the potential of the market.
Factors that are benchmarked while estimating the market
Various factors that are benchmarked while estimating the market growth includes (but not restricted to):
New product designs and launches
Current product compliance
Reimbursement
Concerns for use of bearing
Advantages of bearing
Actions taken by the manufacturer and respective regulatory authorities also impact the market growth of the segment. These factors are understood at regional level and in major countries globally for providing regional insights of the product segment in the report. This helps our clients to make informed decisions.
A mix of top-down and bottom-up approach is followed to arrive and validate our market value estimations. For a product segment like wherein one/two manufacturer(s) dominates the market, it’s products sales, previous growth rates and market expansion plans are considered to generate market share in the global market.
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1. Global Bearing Market Report Overview
1.1. Introduction
1.2. Report Description
1.3. Methodology
2. Global Bearing Market Overview
2.1. Introduction
2.1.1. Introduction
2.1.2. Market Taxonomy
2.2. Executive Summary
2.3. Global Bearing Market Snapshot
2.4. Global Bearing Market Size And Forecast, 2020–2028
2.4.1. Introduction
2.4.2. Market Value Forecast And Annual Growth Rate (AGR) Comparison (2020–2028)
2.5. Global Bearing Market Dynamics
2.5.1. Drivers
2.5.2. Restraints
2.5.3. Opportunity
2.5.4. Trends
2.6. Porter’s Five Forces Model
2.7. SWOT Analysis
3. Bearing Assessment and Analysis
3.1. Bearing Impact Analysis
3.2. Actions to encourage use of Bearing
3.3. Bearing Promotional Strategy Recommendation
3.4. Road Map Analysis
3.5. GAP Analysis
3.6. Potential Analysis
4. Covid-19 Impact on Bearing Market
4.1. Impact Analysis of Covid-19 on the global Bearing market
4.2. Effect On Value Chain
4.3. Business Impact W.R.T Revenue
4.4. Fluctuation In Production
4.5. Volatility In Price
4.6. Effect On The Overall Trade
4.7. Market Impact Analysis In 2020 (Quarter Wise)
5. Global Bearing Market, By Type
5.1. Introduction
5.1.1. Annual Growth Rate Comparison, By Type
5.1.2. BPS Analysis, By Type
5.2. Market Revenue (US$Mn) and Forecast, By Type
5.2.1. Ball bearings
5.2.2. Tapered bearings
5.3. Global Bearing Market Attractiveness Index, By Type
6. Global Bearing Market, By Size
6.1. Introduction
6.1.1. Annual Growth Rate Comparison, By Size
6.1.2. BPS Analysis, By Size
6.2. Market Revenue (US$Mn) and Forecast, By Size
6.2.1. 30 to 40
6.2.2. 41 to 50
6.2.3. 51 to 60
6.2.4. 61 to 70
6.2.5. 70 & above
6.3. Global Bearing Market Attractiveness Index, By Size
7. Global Bearing Market, By Distribution Channel
7.1. Introduction
7.1.1. Annual Growth Rate Comparison, By Distribution Channel
7.1.2. BPS Analysis, By Distribution Channel
7.2. Market Revenue (US$Mn) and Forecast, By Distribution Channel
7.2.1. Original equipment manufacturers (OEMs)
7.2.2. Aftermarket
7.3. Global Bearing Market Attractiveness Index, By Distribution Channel
8. Global Bearing Market, By Machine Type
8.1. Introduction
8.1.1. Annual Growth Rate Comparison, By Machine Type
8.1.2. BPS Analysis, By Machine Type
8.2. Market Revenue (US$Mn) and Forecast, By Machine Type
8.2.1. ICE Vehicles
8.2.2. Electric Vehicles
8.2.3. Industrial Machinery
8.2.4. Aerospace Machinery
8.3. Global Bearing Market Attractiveness Index, By Machine Type
9. Global Bearing Market, By End-Use
9.1. Introduction
9.1.1. Annual Growth Rate Comparison, By End-Use
9.1.2. BPS Analysis, By End-Use
9.2. Market Revenue (US$Mn) and Forecast, By End-Use
9.2.1. Automotive
9.2.2. Industrial
9.2.3. Aerospace
9.3. Global Bearing Market Attractiveness Index, By End-Use
10. Global Bearing Market, By Region
10.1. Introduction
10.1.1. Annual Growth Rate Comparison, By Region
10.1.2. BPS Analysis, By Region
10.2. Market Revenue (US$Mn) and Forecast, By Region
10.2.1. North America
10.2.2. Latin America
10.2.3. Europe
10.2.4. Asia Pacific
10.2.5. Middle East
10.2.6. Africa
10.3. Global Bearing Market Attractiveness Index, By Region
11. North America Bearing Market Analysis and Forecast, 2020–2028
11.1. Introduction
11.1.1. Annual Growth Rate Comparison, By Country
11.1.2. BPS Analysis, By Country
11.2. Market Revenue (US$Mn) and Forecast, By Country
11.2.1. U.S. Bearing Market
11.2.2. Canada Bearing Market
11.3. North America Bearing Market, By Type
11.3.1. Ball bearings
11.3.2. Tapered bearings
11.4. North America Bearing Market Revenue (US$Mn) and Forecast, By Size
11.4.1. 30 to 40
11.4.2. 41 to 50
11.4.3. 51 to 60
11.4.4. 61 to 70
11.4.5. 70 & above
11.5. North America Bearing Market Revenue (US$Mn) and Forecast, By Distribution Channel
11.5.1. Original equipment manufacturers (OEMs)
11.5.2. Aftermarket
11.6. North America Bearing Market Revenue (US$Mn) and Forecast, By Machine Type
11.6.1. ICE Vehicles
11.6.2. Electric Vehicles
11.6.3. Industrial Machinery
11.6.4. Aerospace Machinery
11.7. North America Bearing Market Revenue (US$Mn) and Forecast, By End-use
11.7.1. Automotive
11.7.2. Industrial
11.7.3. Aerospace
11.8. North America Bearing Market Attractiveness Index
11.8.1. By Country
11.8.2. By Type
11.8.3. By Size
11.8.4. By Distribution Channel
11.8.5. By Machine Type
11.8.6. By End-use
12. Latin America Bearing Market Analysis and Forecast, 2020–2028
12.1. Introduction
12.1.1. Annual Growth Rate Comparison, By Country
12.1.2. BPS Analysis, By Country
12.2. Market (US$Mn) Forecast, By Country
12.2.1. Brazil Bearing Market
12.2.2. Mexico Bearing Market
12.2.3. Rest Of Latin America Bearing Market
12.3. Latin America Bearing Market, By Type
12.3.1. Ball bearings
12.3.2. Tapered bearings
12.4. Latin America Bearing Market Revenue (US$Mn) and Forecast, By Size
12.4.1. 30 to 40
12.4.2. 41 to 50
12.4.3. 51 to 60
12.4.4. 61 to 70
12.4.5. 70 & above
12.5. Latin America Bearing Market Revenue (US$Mn) and Forecast, By Distribution Channel
12.5.1. Original equipment manufacturers (OEMs)
12.5.2. Aftermarket
12.6. Latin America Bearing Market Revenue (US$Mn) and Forecast, By Machine Type
12.6.1. ICE Vehicles
12.6.2. Electric Vehicles
12.6.3. Industrial Machinery
12.6.4. Aerospace Machinery
12.7. Latin America Bearing Market Revenue (US$Mn) and Forecast, By End-use
12.7.1. Automotive
12.7.2. Industrial
12.7.3. Aerospace
12.8. Latin America Bearing Market Attractiveness Index
12.8.1. By Country
12.8.2. By Type
12.8.3. By Size
12.8.4. By Distribution Channel
12.8.5. By Machine Type
12.8.6. By End-use
13. Europe Bearing Market Analysis and Forecast, 2020–2028
13.1. Introduction
13.1.1. Annual Growth Rate Comparison, By Country
13.1.2. BPS Analysis, By Country
13.2. Market (US$Mn) Forecast, By Country
13.2.1. U.K. Bearing Market
13.2.2. Germany Bearing Market
13.2.3. Italy Bearing Market
13.2.4. France Bearing Market
13.2.5. Spain Bearing Market
13.2.6. Russia Bearing Market
13.2.7. Rest Of Europe Bearing Market
13.3. Europe Bearing Market, By Type
13.3.1. Ball bearings
13.3.2. Tapered bearings
13.4. Europe Bearing Market Revenue (US$Mn) and Forecast, By Size
13.4.1. 30 to 40
13.4.2. 41 to 50
13.4.3. 51 to 60
13.4.4. 61 to 70
13.4.5. 70 & above
13.5. Europe Bearing Market Revenue (US$Mn) and Forecast, By Distribution Channel
13.5.1. Original equipment manufacturers (OEMs)
13.5.2. Aftermarket
13.6. Europe Bearing Market Revenue (US$Mn) and Forecast, By Machine Type
13.6.1. ICE Vehicles
13.6.2. Electric Vehicles
13.6.3. Industrial Machinery
13.6.4. Aerospace Machinery
13.7. Europe Bearing Market Revenue (US$Mn) and Forecast, By End-use
13.7.1. Automotive
13.7.2. Industrial
13.7.3. Aerospace
13.8. Europe Bearing Market Attractiveness Index
13.8.1. By Country
13.8.2. By Type
13.8.3. By Size
13.8.4. By Distribution Channel
13.8.5. By Machine Type
13.8.6. By End-use
14. Asia Pacific Bearing Market Analysis and Forecast, 2020–2028
14.1. Introduction
14.1.1. Annual Growth Rate Comparison, By Country
14.1.2. BPS Analysis, By Country
14.2. Market (US$Mn) Forecast, By Country
14.2.1. China Bearing Market
14.2.2. India Bearing Market
14.2.3. Japan Bearing Market
14.2.4. Australia and New Zealand Bearing Market
14.2.5. South Korea Bearing Market
14.2.6. Rest of Asia Pacific Bearing Market
14.3. Asia Pacific Bearing Market, By Type
14.3.1. Ball bearings
14.3.2. Tapered bearings
14.4. Asia Pacific Bearing Market Revenue (US$Mn) and Forecast, By Size
14.4.1. 30 to 40
14.4.2. 41 to 50
14.4.3. 51 to 60
14.4.4. 61 to 70
14.4.5. 70 & above
14.5. Asia Pacific Bearing Market Revenue (US$Mn) and Forecast, By Distribution Channel
14.5.1. Original equipment manufacturers (OEMs)
14.5.2. Aftermarket
14.6. Asia Pacific Bearing Market Revenue (US$Mn) and Forecast, By Machine Type
14.6.1. ICE Vehicles
14.6.2. Electric Vehicles
14.6.3. Industrial Machinery
14.6.4. Aerospace Machinery
14.7. Asia Pacific Bearing Market Revenue (US$Mn) and Forecast, By End-use
14.7.1. Automotive
14.7.2. Industrial
14.7.3. Aerospace
14.8. Asia Pacific Bearing Market Attractiveness Index
14.8.1. By Country
14.8.2. By Type
14.8.3. By Size
14.8.4. By Distribution Channel
14.8.5. By Machine Type
14.8.6. By End-use
15. Middle East Bearing Market Analysis and Forecast, 2020–2028
15.1. Introduction
15.1.1. Annual Growth Rate Comparison, By Country
15.1.2. BPS Analysis, By Country
15.2. Market (US$Mn) Forecast, By Country
15.2.1. GCC Countries Bearing Market
15.2.2. Israel Bearing Market
15.2.3. Rest Of Middle East Bearing Market
15.3. Middle East Bearing Market, By Type
15.3.1. Ball bearings
15.3.2. Tapered bearings
15.4. Middle East Bearing Market Revenue (US$Mn) and Forecast, By Size
15.4.1. 30 to 40
15.4.2. 41 to 50
15.4.3. 51 to 60
15.4.4. 61 to 70
15.4.5. 70 & above
15.5. Middle East Bearing Market Revenue (US$Mn) and Forecast, By Distribution Channel
15.5.1. Original equipment manufacturers (OEMs)
15.5.2. Aftermarket
15.6. Middle East Bearing Market Revenue (US$Mn) and Forecast, By Machine Type
15.6.1. ICE Vehicles
15.6.2. Electric Vehicles
15.6.3. Industrial Machinery
15.6.4. Aerospace Machinery
15.7. Middle East Bearing Market Revenue (US$Mn) and Forecast, By End-use
15.7.1. Automotive
15.7.2. Industrial
15.7.3. Aerospace
15.8. Middle East Bearing Market Attractiveness Index
15.8.1. By Country
15.8.2. By Type
15.8.3. By Size
15.8.4. By Distribution Channel
15.8.5. By Machine Type
15.8.6. By End-use
16. Africa Bearing Market Analysis and Forecast, 2020–2028
16.1. Introduction
16.1.1. Annual Growth Rate Comparison, By Country
16.1.2. BPS Analysis, By Country
16.2. Market (US$Mn) Forecast, By Country
16.2.1. South Africa Countries Bearing Market
16.2.2. Egypt Bearing Market
16.2.3. North Africa Bearing Market
16.2.4. Rest of Africa Bearing Market
16.3. Africa Bearing Market, By Type
16.3.1. Ball bearings
16.3.2. Tapered bearings
16.4. Africa Bearing Market Revenue (US$Mn) and Forecast, By Size
16.4.1. 30 to 40
16.4.2. 41 to 50
16.4.3. 51 to 60
16.4.4. 61 to 70
16.4.5. 70 & above
16.5. Africa Bearing Market Revenue (US$Mn) and Forecast, By Distribution Channel
16.5.1. Original equipment manufacturers (OEMs)
16.5.2. Aftermarket
16.6. Africa Bearing Market Revenue (US$Mn) and Forecast, By Machine Type
16.6.1. ICE Vehicles
16.6.2. Electric Vehicles
16.6.3. Industrial Machinery
16.6.4. Aerospace Machinery
16.7. Africa Bearing Market Revenue (US$Mn) and Forecast, By End-use
16.7.1. Automotive
16.7.2. Industrial
16.7.3. Aerospace
16.8. Africa Bearing Market Attractiveness Index
16.8.1. By Country
16.8.2. By Type
16.8.3. By Size
16.8.4. By Distribution Channel
16.8.5. By Machine Type
16.8.6. By End-use
17. Competitive Landscape
17.1. Company Profiles
17.1.1. NSK Ltd.
17.1.1.1. Company Overview
17.1.1.2. Financial Overview
17.1.1.3. Key Developments
17.1.1.4. Strategies
17.1.1.5. Product Analysis
17.1.2. Schaeffler AG
17.1.3. NTN Corporation
17.1.4. SKF
17.1.5. Iljin Bearing
17.1.6. RKB Bearing
17.1.7. JTEKT Corporation
17.1.8. Timken
17.1.9. Wafangdian Bearing Co. Ltd.
17.1.10. THK Co. Ltd.
18. Acronyms
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Frequently Asked Questions
The global bearing market was valued at US$ 109.5 Bn by the end of 2020 and expected to reach at a value of US$ 173.5 Bn by 2028 with a significant CAGR of 6.0%.
The myriad of applications of bearing in various industries across the world, including wind turbines, automobile, agricultural equipment, construction & mining machinery, machine tools, and many others and Advances in the automobile industry are the key factors driving the growth of market
The research report classifies the global bearing market based on type, size, distribution channel, machine type, end-use and regions.
The global bearing market is dominated by NSK Ltd., Schaeffler AG, NTN Corporation, SKF, Iljin Bearing, RKB Bearing, JTEKT Corporation, Timken, Wafangdian Bearing Co. Ltd., THK Co. Ltd., among others.