About Roller Bearings
Roller bearings are a type of antifriction bearings. Roller bearings are similar to ball bearings; however, roller bearings, unlike the balls in ball bearings, use cylindrical rollers. Roller bearings have higher radial load capacity than ball bearings. Bearings are machine elements that reduce energy loss caused by friction in the rotary motion parts of a broad range of equipment and machinery. There are several types of bearings, such as ball bearings, roller bearings, and plain bearings. Technological advances and the growing need to address energy efficiency in many applications result in the continuous improvement of bearing designs. The prospects for the growth of the bearings market is, therefore, closely linked to the growth in the production of high-performance industrial equipment and machinery. Economic growth, increase in manufacturing, construction activities, energy demand, and rising personal income levels are the main factors leading to the expansion of durable goods production and bearing-reliant applications.
Technavio’s analysts forecast the global roller bearings market to grow at a CAGR of 4.33% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global roller bearings market for 2017-2021. The market size is calculated based on the demand for the roller bearings. The market has been segmented based on end-user and geography.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Roller Bearings Market 2017-2021
Technavio recognizes the following companies as the key players in the global roller bearings market: NSK, NTN Bearing, Schaeffler, SKF, and Timken.
Other Prominent Vendors in the market are: Brammer, C&U, HKT, HRB, Minebea, NBI Bearings, RCB bearing, and Rexnord.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is increase in size of rotor diameter. Unlike conventional power plants, wind energy generation is highly dependent on the meteorological conditions, especially wind speed. The maximum energy that can be harnessed by wind turbines is roughly proportionate to the swept area of the rotor. Technological advances and blade designs are the main factors leading to the increase in wind turbine output and capacity. By doubling the rotor size or diameter, the power output increases by a factor of four.”
According to the report, one of the major drivers for this market is rise in offshore installation. Offshore wind energy has been present in small numbers. Countries worldwide are beginning to invest in installing offshore wind farms. Though the technology presents some inherent difficulties such as the higher cost of installation, complex and costly maintenance operations, many governments have committed themselves to installing more offshore wind power.
Further, the report states that one of the major factors hindering the growth of this market is cartelization and competition. Competition in the bearing industry, especially ball and roller bearings, has intensified on a global level, and the pace of change in the business environment has accelerated. To restrict the entry of new competitors and maintain market dominance, key players are colluding and fixing the prices of bearings.
NSK, NTN Bearing, Schaeffler, SKF, and Timken, Brammer, C&U, HKT, HRB, MinebeaMitsumi, NBI Bearings, RCB bearing, and Rexnord.
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