Trunnion Spherical Bearings Market, By Type (Split Spherical Roller Bearings and Non-split Bearings), By Industry (Aviation, Oil and Gas, Manufacturing, Energy, and Others), By Distribution Channel (Online Sales, Company Direct Sales, and Distributor Sale

Trunnion Spherical Bearings Market, By Type (Split Spherical Roller Bearings and Non-split Bearings), By Industry (Aviation, Oil and Gas, Manufacturing, Energy, and Others), By Distribution Channel (Online Sales, Company Direct Sales, and Distributor Sales), and by Region (North America, Europe, Asia Pacific, Latin America, and Middle East and Africa) - Size, Share, Outlook, and Opportunity Analysis, 2020 - 2027

Trunnion spherical bearings are special type of bearings that are used in equipment that is undergoing two types of stresses, namely axial and rotational. The demand for trunnion spherical bearings has increased in the recent past, owing to rapid adoption of industrial automation in various industries such as oil and gas, chemical, manufacturing, energy, and others. Furthermore, key players in the market are also providing customized trunnion spherical bearings, which will increase demand for trunnion spherical bearings in the near future. For instance, SKF bearing is providing customized bearing for the aviation industry.
Market Dynamics
Increasing demand for trunnion spherical bearings in the manufacturing industry is expected to create lucrative growth opportunities during the forecast period. Manufacturing industry is rapidly growing, owing to increasing demand for electronic components in the world. Electronic component manufacturers are adopting various technologies such as robotics for manufacturing, as it increases the production rate and reduces the production cost by reducing material waste. All production machines such as drilling, rotating equipment, turbines, and others are equipped with trunnion spherical bearings. These are main equipment in any manufacturing plant. Therefore, growing manufacturing industry will drive growth of the global trunnion spherical bearings market over the forecast period. In February 2019, according to a report published by the United Nations Industrial Development Organization, the manufacturing sector registered 3.6% CAGR in 2018.
Furthermore, increasing demand for mining equipment is expected to drive the global trunnion spherical bearings market growth during the forecast period. According to Coherent Market Insights’ analysis, the global mining market was valued at US$ 346.8 billion in 2019 and is expected to register a CAGR of 4.2% over the forecast period 2020-2025. Increasing demand for automation in the mining industry will create growth opportunities for key players. Furthermore, mining equipment such as drilling, grinding, crusher, and others operates under harsh environment such as high temperature, dust, and humidity, which will increase the need for servicing. Among all these machines, bearing is one of the major components that need constant monitoring and servicing, as its life span is affected by environmental parameters. Thus, increasing demand for mining equipment provides growth opportunities to both the new product market and after service market.
Key features of the study:
This report provides an in-depth analysis of the global trunnion spherical bearings market, and provides market size (US$ billion) and compound annual growth rate (CAGR %) for the forecast period (2020-2027), considering 2019 as the base year
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrix for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategies adopted by leading players
It profiles leading players in the global trunnion spherical bearings market based on the following parameters – regulatory landscape, company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
Key companies covered in the global trunnion spherical bearings market include AB SKF, Pratt & Whitney, Rockwell Automation, Inc., Safran S.A., Avio S.p.A., IHI Corporation, AST Bearings LLC, Thomson Industries, Inc., NTN Corporation, NSK Ltd., Schaeffler Technologies AG & Co. KG, General Electric Company, ILJIN co., ltd., JTEKT Corporation, The Timken Company, GMB Corporation, and others
The market players are focusing on strategic collaborations to launch new products to meet the increasing needs and requirements of consumers
Insights from this report would allow marketers and management authorities of companies to make informed decision regarding future product launches, technology upgradation, market expansion, and marketing tactics
The global trunnion spherical bearings market report caters to various stakeholders in this industry including investors, suppliers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global trunnion spherical bearings market
Detailed Segmentation:
Global Trunnion Spherical Bearings Market, by Type:
Split Spherical Roller Bearings
Non-split Bearings
Global Trunnion Spherical Bearings Market, By Industry:
Aviation
Oil and Gas
Manufacturing
Energy
Others
Global Trunnion Spherical Bearings Market, By Distribution Channel :
Online Sales
Company Direct Sales
Distributor Sales
Global Trunnion Spherical Bearings Market, By Region:
North America
Europe
Asia Pacific
Latin America
Middle East and Africa
Company Profiles
AB SKF*
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments
Future Plans
Pratt & Whitney
Rockwell Automation, Inc.
Safran S.A.
Avio S.p.A.
IHI Corporation
AST Bearings LLC
Thomson Industries, Inc.
NTN Corporation
NSK Ltd.
Schaeffler Technologies AG & Co. KG
General Electric Company
ILJIN co., ltd.
JTEKT Corporation
The Timken Company
GMB Corporation
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1. Research Objectives and Assumptions
Research Objectives
Assumptions
Abbreviations
2. Market Purview
Report Description
Market Definition and Scope
Executive Summary
Market Snippet, By Type
Market Snippet, By Industry
Market Snippet, By Distribution Channel
Market Snippet, By Region
Coherent Opportunity Map (COM)
3. Market Dynamics, Regulations, and Trends Analysis
Market Dynamics
Drivers
Restraints
Market Opportunities
Regulatory Scenario
Industry Trend
Merger and Acquisitions
New System Launch/Approval
4. Coronavirus (COVID-19) Pandemic Impact
5. Global Trunnion Spherical Bearings Market, By Type, 2017-2027 (US$ Billion)
Introduction
Market Share Analysis, 2019 and 2027 (%)
Segment Trends
Split Spherical Roller Bearings
Introduction
Market Size and Forecast, 2020–2027, (US$ Billion)
Non-split Bearings
Introduction
Market Size and Forecast, 2020–2027, (US$ Billion)
6. Global Trunnion Spherical Bearings Market, By Industry, 2017-2027 (US$ Billion)
Introduction
Market Share Analysis, 2019 and 2027 (%)
Segment Trends
Aviation
Introduction
Market Size and Forecast, 2020–2027, (US$ Billion)
Oil and Gas
Introduction
Market Size and Forecast, 2020–2027, (US$ Billion)
Manufacturing
Introduction
Market Size and Forecast, 2020–2027, (US$ Billion)
Energy
Introduction
Market Size and Forecast, 2020–2027, (US$ Billion)
Others
Introduction
Market Size and Forecast, 2020–2027, (US$ Billion)
7. Global Trunnion Spherical Bearings Market, By Distribution Channel, 2017-2027 (US$ Billion)
Introduction
Market Share Analysis, 2019 and 2027 (%)
Segment Trends
Online Sales
Introduction
Market Size and Forecast, 2020–2027, (US$ Billion)
Company Direct Sales
Introduction
Market Size and Forecast, 2020–2027, (US$ Billion)
Distributor Sales
Introduction
Market Size and Forecast, 2020–2027, (US$ Billion)
8. Global Trunnion Spherical Bearings Market, By Region, 2017-2027 (US$ Billion)
Introduction
Market Share Analysis, By Region, 2019 and 2027 (%)
North America
Regional Trends
Market Size and Forecast, By Type, 2020–2027 (US$ Billion)
Market Size and Forecast, By Industry, 2020–2027 (US$ Billion)
Market Size and Forecast, By Distribution Channel, 2020–2027 (US$ Billion)
Market Share Analysis, By Country, 2019 and 2027 (%)
U.S.
Canada
Europe
Regional Trends
Market Size and Forecast, By Type, 2020–2027 (US$ Billion)
Market Size and Forecast, By Industry, 2020–2027 (US$ Billion)
Market Size and Forecast, By Distribution Channel, 2020–2027 (US$ Billion)
Market Share Analysis, By Country, 2019 and 2027 (%)
U.K.
Germany
Italy
France
Russia
Rest of Europe
Asia Pacific
Regional Trends
Market Size and Forecast, By Type, 2020–2027 (US$ Billion)
Market Size and Forecast, By Industry, 2020–2027 (US$ Billion)
Market Size and Forecast, By Distribution Channel, 2020–2027 (US$ Billion)
Market Share Analysis, By Country, 2019 and 2027 (%)
China
India
Japan
ASEAN
Australia
South Korea
Rest of Asia Pacific
Latin America
Regional Trends
Market Size and Forecast, By Type, 2020–2027 (US$ Billion)
Market Size and Forecast, By Industry, 2020–2027 (US$ Billion)
Market Size and Forecast, By Distribution Channel, 2020–2027 (US$ Billion)
Market Share Analysis, By Country, 2019 and 2027 (%)
Brazil
Argentina
Mexico
Rest of Latin America
Middle East and Africa
Regional Trends
Market Size and Forecast, By Type, 2020–2027 (US$ Billion)
Market Size and Forecast, By Industry, 2020–2027 (US$ Billion)
Market Size and Forecast, By Distribution Channel, 2020–2027 (US$ Billion)
Market Share Analysis, By Country, 2019 and 2027 (%)
GCC Countries
South Africa
Rest of the Middle East and Africa
9. Competitive Landscape
Company Profiles
AB SKF
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments/Updates
Pratt & Whitney
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments/Updates
Rockwell Automation, Inc.
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments/Updates
Safran S.A.
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments/Updates
Avio S.p.A.
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments/Updates
IHI Corporation
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments/Updates
AST Bearings LLC
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments/Updates
Thomson Industries, Inc.
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments/Updates
NTN Corporation
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments/Updates
NSK Ltd.
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments/Updates
Schaeffler Technologies AG & Co. KG
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments/Updates
General Electric Company
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments/Updates
ILJIN co., ltd.
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments/Updates
JTEKT Corporation
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments/Updates
The Timken Company
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments/Updates
GMB Corporation
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments/Updates
10. Section
References
Research Methodology
About us and Sales Contact
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