Acknowledging the kind of traction gained by this market, recently published a study report asserts the global Roller Bearings Market size is projected to accrue voluminously by 2027 registering a phenomenal CAGR of 3.4% during the review period (2022 to 2027).
Bearings are anti-friction components that help advance the mobility of components. Various types of bearings are manufactured depending on the task specificity, such as roller bearings, sensor bearings, plain bearings, ball bearings, and others. Roller bearings are equipped with cylindrical rollers with high radial load sizes. The rise in demand for roller bearings is directly related to the growth in the manufacture of high-performance industrial machinery. Growth in usage of heavy machinery in the construction industry and high demand for application-specific bearings drive the market. Increase in investment projects in mining, infrastructure development, and transport infrastructure development fuel the growth of the market. Moreover, an increase in the number of offshore wind farms results in greater adoption of roller bearings. However, roller bearings incur high installation costs and complex maintenance operations are a few factors that are expected to hamper the growth of the market.
The report aspects discussed the profile of the top manufacturers of the global Roller Bearings market. These aspects include the financial status of major companies, trending advancements, and the entire market scenario. Growth of the report has examined Roller Bearings Market production, demand and growth potential, geographic analysis, as well as current market developments in various regions and countries.
April 5, 2022
Promote the health of local residents by concluding a comprehensive collaboration agreement with Kuwana City
NTN Corporation (hereafter, NTN) has concluded a comprehensive collaboration agreement for “health promotion” and economic local virtuous cycle with Kuwana City, Mie Prefecture, and also acquired the naming rights for the “Tado San Hiking Course” and the “Tado Sanjyo Park,” located at the top of Mt. Tado, in Tado-cho, Kuwana City. NTN will implement environmental protection activities and facility improvements in Mt. Tado to contribute to the health of local residents.
By Type, it is segmented into
By Applications, it is segmented into
APAC was valued at US$ 8.1 Billion in 2019 and is experiencing dominance in the global market in the forecast period. Growth witnessed in the region is likely to be driven by the demand for heavy machinery from countries such as Japan, China, India, and South Korea. The manufacturing companies are focusing on upgrading their existing manufacturing facilities with high-performance industrial machinery to ensure accuracy in the proper placement of movable components and facilitate efficiency in power transmission. North America was valued at US$ 6.23 Billion in 2019, and it is expected to be a developing region in the forecast period for the market owing to the demand for heavy-duty commercial vehicles, various automobile manufacturers enterprises to expand their business reach for heavy commercial vehicles in the region. The market in Europe generated a revenue of USD 6.1 Billion in 2019 and is forecasted to drive the global market owing to new manufacturing facilities like industry 4.0, warehouses, and distribution.
All these factors greatly affect the Roller Bearings market growth. It further aims at providing a complete overview on a detailed assessment of significant features of different industries including sales volume, market revenue, and demand size, sales growth, pricing analysis, and changing market growth factors in regions such as Follows,
The Roller Bearings Market describes the factors driving the global growth opportunities in upcoming years and highlights market channels. In addition, the report analyzes market size and share, trends, by geographic region, end-use type, and segment. It focuses extensively on revealing a detailed regional analysis. The Global Roller Bearings Market report also conducted a PESTEL analysis of the industry to study the main influencing factors and entry barriers of the industry.
Scope of the Report covers Roller Bearings Market with detailed analysis of the overall scenario for the market. It also highlights the business participants' environment in the global marketplace. This report also provides an overview of leading companies covering the latest successful marketing strategies, market contributions, current and historical background, and latest market happenings to help key organizations to grow and generate larger profits. Business players will greatly benefit from this Roller Bearings Market analysis report as it has vital details to provide about regional markets, expected opportunities for the prediction time period 2022-2027. Growth between segments is used to understand the different growth factors that are expected to dominate the market as a whole and to develop strategies to differentiate between key applications and target markets. It further reveals how the worldwide market is working through efficient information graphics.
Reports Attributes | Report Details |
Forecast Period 2022 to 2027 CAGR | CAGR of 3.4% during the review period (2022 to 2027). |
By Type |
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By Application |
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By Companies | MinebeaMitsumi Inc. (Tokyo :6479.T), NTN Bearing, HKT Trust and HKT Limited (HKSE :6823.HK), Brammer, HRB, C&U, NBI Bearings, Rexnord |
Regions Covered | • North America • Europe • Asia-Pacific • Rest of the World |
Countries Covered | • US • Canada • Germany • France • UK • Italy • Spain • Rest of Europe • China • Japan • India • Australia • South Korea • Rest of Asia-Pacific • Middle East & Africa • Latin America |
Base Year | 2022 |
Historical Year | 2017 to 2021 |
Forecast Year | 2022 to 2027 |
Number of Pages | 162 |
Customization Available | Yes, the report can be customized as per your needs |
All our reports are custom made to your company needs to a certain extent, we do provide 5 free consulting hours along with the purchase of each report, and this will allow you to request any additional data to customize the report as your needs.
What is the study period of this market?
The Roller Bearings Market is studied from 2017 - 2027.
Who are the key players in Roller Bearings Market?
MinebeaMitsumi Inc. (Tokyo :6479.T), NTN Bearing, HKT Trust and HKT Limited (HKSE :6823.HK), Brammer, HRB, C&U, NBI Bearings, Rexnord, RCB bearings, NSK Ltd., THE TIMKEN COMPANY, Schaeffler Technologies AG & Co. KG, SKF, IKO International, Inc. / Nippon Thompson Co., Ltd., JTEKT Corporation (Koyo), com, Luoyang Huigong Bearing Technology Co., Ltd., LYC Private Limited, and others.
What are the significant types of Roller Bearings Market?
Single-Row, Double-Row, Others.
What are the major end-use applications of the Roller Bearings Market?
Automobile, General Engineering, Heavy Industry, Others.
What segments are covered in the Roller Bearings Market report?
The Global Roller Bearings Market is Segmented on the basic of Product, Application, and Geography.
How can I get a sample report/company profile for the Roller Bearings Market?
The sample report for the Roller Bearings Market can be obtained on demand from the website. Also, the 24*7 chat support & direct call services are provided to procure the sample report.
SECONDARY RESEARCH
Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.
PRIMARY RESEARCH
Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.
MARKET ENGINEERING
The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.
EXPERT VALIDATION
The market engineered data is verified and validated by a number of experts, both in-house and external.
REPORT WRITING/ PRESENTATION
After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.
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