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Global Bearings Market 2017-2021

Global Bearings Market 2017-2021

About Bearings

Bearings are used in a wide range of applications in automobiles, airplanes, computers, construction equipment, machine tools, DVD players, refrigerators, and ceiling fans. Any machine that twists, turns, or moves needs bearings to smoothen the movements. Bearings are highly engineered, precision-made components that allow the rotating machines to move at extremely high speeds and carry a significant number of loads with less frictional loss.

Technavio’s analysts forecast the global bearings market to grow at a CAGR of 5.86% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global bearings market for 2017-2021. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Bearings Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • SKF
  • Schaeffler AG
  • Timken
  • NSK
  • NTN
Other prominent vendors
  • Asahi Seiko
  • C&U Group
  • JTEKT
  • LYC
  • Nachi
  • RBC Bearings
  • ZWZ Bearings
Market driver
  • Soaring automotive industry in APAC.
  • For a full, detailed list, view our report
Market challenge
  • Volatility in raw material prices.
  • For a full, detailed list, view our report
Market trend
  • Emergence of digitalization.
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?


Press Release

Technavio Announces the Publication of its Research Report – Global Bearings Market 2017-2021

Technavio recognizes the following companies as the key players in the global bearings market: SKF, Schaeffler AG, Timken, NSK, and NTN.

Other Prominent Vendors in the market are: Asahi Seiko, C&U Group, JTEKT, LYC, Nachi, RBC Bearings, and ZWZ Bearings.

Commenting on the report, an analyst from Technavio’s team said: “One trend in market is emergence of digitalization. The Internet of things(IoT) is discovering its pathway into the factory and has brought about an industrial revolution with the concept of Industry 4.0. This technology employs highly customized products in flexible manufacturing conditions. Companies are now in mid-way to networking their machinery, warehousing systems, and equipment worldwide.”

According to the report, one driver in market is soaring automotive industry in APAC. The automotive industry is the prime end-user in the global bearings market. The enduring expansion of auto industries worldwide, especially in APAC, is the major driving factor for the market growth. Auto industries in China, Japan, South Korea, India, Australia, and Indonesia are the major patrons of bearings and are expected to drive the market in APAC during the forecast period. The automotive industry in China and India are at the core of a radical development and has the potential to cover the major auto industries worldwide. The rising road infrastructure and consumer affluence in these countries are likely to aid the automotive industry through rising investment by both domestic and international players.

Further, the report states that one challenges in market is volatility in raw material prices. Ceramics, chrome steels, and stainless steels are few major raw materials used for manufacturing bearings. However, the cost of these raw materials is highly fluctuating in the international market. As discussed earlier, most of these fluctuations happen due to variations in global economy conditions. Stainless steel often suffers from excessive nickel prices, as nickel accounts for nearly half the cost of stainless steel. This increase in price is most likely to create customer resistance thereby resulting low adoption in the market. However, this resistance to increased price will then bring slim profit margin for the manufacturers. In either of these cases, the bearing market will remain under threat.

Companies Mentioned

SKF, Schaeffler AG, Timken, NSK, NTN, Asahi Seiko, C&U Group, JTEKT, LYC, Nachi, RBC Bearings, and ZWZ Bearings.

  • Executive summary
  • Scope of the report
  • Research Methodology
  • Introduction
    • Market outline
      • Table The four main characteristics of bearings
      • Table Types of bearings
  • Market landscape
    • Market overview
      • Table Segmentation of global bearings market
      • Table Supply chain of global bearings market
      • Table Key market dynamics
    • Market size and forecast
      • Table Global bearings market 2016-2021 ($ billions)
      • Table Key takeaways
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by product
    • Market overview
      • Table Global bearings market by product type 2016 and 2021 (%)
    • Global anti-friction bearings market
      • Table Global anti-friction bearings market 2016-2021 ($ billions)
      • Table Different types of roller bearings
    • Global magnetic bearings market
      • Table Global magnetic bearings market 2016-2021($ billions)
    • Global other bearings market
      • Table Global other bearings market 2016-2021 ($ billions)
  • Market segmentation by end-user
    • Market overview
      • Table Global bearings market by end-user 2016 and 2021(%)
    • Global bearings market in automotive industry
      • Table Global bearings market in automotive industry 2016-2021 ($ billions)
      • Table Key investments in automotive industry
    • Global bearings market in aerospace, railway, and shipbuilding industries
      • Table Global bearings market in aerospace, railway, and shipbuilding industries 2016- 2021 ($ billions)
    • Global bearings market in heavy industry
      • Table Global bearings market in heavy industry 2016-2021 ($ billions)
      • Table List of few recent power plant projects in APAC
    • Global bearings market in other industry
      • Table Global bearings market in other industry 2016-2021 ($ billions)
  • Geographical segmentation
    • Market overview
      • Table Global bearings market by geography 2016 and 2021 (%)
    • Bearings market in APAC
      • Table Global bearings market in APAC 2016-2021 ($ billions)
      • Table List of investments in automotive sectors in China and India
    • Bearings market in EMEA
      • Table Global bearings market in EMEA 2016-2021($ billion)
      • Table Key investments in automotive industry in Europe
    • Bearings market in Americas
      • Table Bearings market in Americas 2016-2021 ($ billions)
  • Decision framework
  • Drivers and challenges
    • Market drivers
    • Market challenges
      • Table Global electric drives market 2016-2021 ($ billion)
  • Market trends
    • Emergence of digitalization
    • Increased demand for integrated bearings
    • Emerging demand for application-specific bearings
  • Vendor landscape
    • Competitive landscape
      • Table Impact of competitors on global bearings market 2016 and 2021
    • Other prominent vendors
      • Table List of prominent vendors
  • Key vendor analysis
    • SKF
      • Table SKF: Business strategy
      • Table SKF: Major product portfolio
      • Table SKF: Recent developments
    • Schaeffler AG
      • Table Schaeffler AG: Business strategy
      • Table Schaeffler AG: Major product portfolio
      • Table Schaeffler AG: Recent developments
    • Timken
      • Table Timken: Business strategy
      • Table Timken: Major product portfolio
      • Table Timken: Recent developments
    • NSK
      • Table NSK: Business strategy
      • Table NSK: Major product portfolio
      • Table NSK: Recent developments
    • NTN
      • Table NTN: Business strategy
      • Table NTN: Major product portfolio
      • Table NTN: Recent developments
  • Appendix
    • List of abbreviations
  • Explore Technavio

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