
Global Small TRBs (3mm-10mm) and Medium TRBs (10mm-16mm) Market Research Report 2024-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2030
Description
Global Small TRBs (3mm-10mm) and Medium TRBs (10mm-16mm) Market Research Report 2024-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2030
Tapered roller bearing (TRB) is a separate type of bearing with tapered raceways in both inner and outer rings. In the application, tapered roller bearings mainly bear the combined load force of radial load, which is greater than that of angular contact ball bearings, but the limit speed is lower. Widely used in automobile, rolling mill, mining, metallurgy, plastic machinery and other industries. Small TRBs (3mm-10mm) refers to products with an inner diameter of 3mm-10mm. Medium TRBs (10mm-16mm) refers to products with an inner diameter of 10mm-16mm.
Market Overview:
The latest research study on the global Small TRBs (3mm-10mm) and Medium TRBs (10mm-16mm) market finds that the global Small TRBs (3mm-10mm) and Medium TRBs (10mm-16mm) market reached a value of USD 318.98 million in 2023. It’s expected that the market will achieve USD 363.95 million by 2029, exhibiting a CAGR of 2.22% during the forecast period.
SKF increases localization rate in the Americas and Asia; closes factory in Busan, Korea
2023 December 01
SKF today announces a transfer of the supply of products from the factory in Busan, Korea, to China, India and Mexico. This is another step in the continuous execution of the Group’s strategy, where regionalization is an important part. Consequently,and after a thorough business review and consideration of alternative options,it has been decided thatthe manufacturing site in Busan will be ramped down, with a full closure anticipated in the first quarter of 2024. SKF will remain a local presence in Korea to serve its existing customers there.
The Busan factory currently employs approximately 90 employees and mainly manufactures bearing products for the Automotive industry. During the last years, several attempts have been made to penetrate the Korean domestic market. However, a vast majority of the products manufactured in Busan are still exported to other markets.
Wide downstream application
Bearing is a vital part of machinery industry equipment. The main function of the bearing is to support the mechanical rotating shaft, ensure the rotation accuracy, and reduce the load friction coefficient of the equipment in the transmission process. One of the main advantages of tapered roller bearings is that their tapered design can withstand both radial and axial loads. This function enables effective force transfer, making these bearings ideal for applications where heavy radial and axial loads occur simultaneously. The tapered shape also makes it easy to adjust bearing clearance during installation, ensuring optimal performance. It can be widely used in automobile, machinery, aerospace and other industries. In automotive applications, these bearings support the hub, transmission and differential to ensure smooth and reliable operation of the vehicle, especially the hub bearings, which can effectively handle the radial load generated by the weight of the vehicle and the axial load generated during cornering and acceleration. In industrial environments, they play a vital role in supporting heavy machinery components that are subjected to different loads and speeds, such as gearboxes in industrial machinery, ensuring smooth operation and service life. In aerospace, the landing gear assembly can withstand a variety of complex loads. Therefore, with the continuous development of industrialization will promote the application of the industry's products more and more extensive, its demand is also growing steadily, which has led to the growth of the industry's income.
The demand for miniaturization of industrial machinery is growing
In recent years, with the increasing demand for miniaturization of industrial machinery, tapered roller bearings show a trend of miniaturization and lightweight, promoting the development of small and medium-sized TBRs market. For example, in the process of automobile electrification, the market for related components of automobiles continues to expand, such as automotive radiator cooling fan motors, wiper motors, exhaust gas recirculation system (EGR) valve racks and anti-lock brake systems (ABS), which are likely to be the main application areas of small TBRs. For example, in medical appliances and micromachinery, blood pumps for artificial dialysis, pharmaceutical injection pumps, air pumps for ventilators, dental drills, etc., the bearings of these equipment require low noise and high precision. For example, in the field of industrial robots, as the size of the robot decreases, the robot wrist size decreases while being able to withstand heavier weight, and medium and small tapered roller bearings are considered to be the best choice for their solutions due to their high load capacity and miniaturization characteristics. Therefore, under the trend of the system and its component units becoming smaller and lighter, and improving the transmission efficiency, tapered roller bearings are expected to be the best solution to replace ball bearings due to their excellent load capacity compared to ball bearings. This will promote the development of the small TBRs industry, thus driving the development of the industry.
Region Overview:
Asia Pacific is projected to account for a considerable share of the Small TRBs (3mm-10mm) and Medium TRBs (10mm-16mm) market and is expected to become the largest region by 2028.
Company Overview:
Timken is one of the major players operating in the Small TRBs (3mm-10mm) and Medium TRBs (10mm-16mm) market, holding a share of 15.59% in 2023.
Timken designs a growing portfolio of engineered bearings and industrial motion products. With more than a century of knowledge and innovation, Timken continues to improve the reliability and efficiency of the world's machinery and equipment to move the world forward.
Segmentation Overview:
Among different product types, Medium TRBs (10mm-16mm) segment is anticipated to contribute the largest market share in 2028.
Small TRBs (3mm-10mm) Refers to products with an inner diameter of TRBs between 3 mm and 10 mm.
Medium TRBs (10mm-16mm) Refers to products with an inner diameter of TRBs ranging from 10mm to 16mm.
Application Overview:
By application, the Automotive segment occupied the biggest share from 2018 to 2022.
Medium and small tapered roller bearings are widely used in automobiles, industrial machinery, aerospace, wind power generation, heavy machinery and so on due to their high load and rigidity characteristics and reliable manufacturing and performance.
Key Companies in the global Small TRBs (3mm-10mm) and Medium TRBs (10mm-16mm) market covered in Chapter 3:
SKF
NTN
TMB
Schaeffler
JTEKT
Nachi
NSK
C&U
HRB
Timken
In Chapter 4 and Chapter 14.2, on the basis of types, the Small TRBs (3mm-10mm) and Medium TRBs (10mm-16mm) market from 2019 to 2030 is primarily split into:
Small TRBs (3mm-10mm)
Medium TRBs (10mm-16mm)
In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Small TRBs (3mm-10mm) and Medium TRBs (10mm-16mm) market from 2019 to 2030 covers:
Automotive
Industrial Machinery
Aerospace
Others
Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2019-2030) of the following regions are covered in Chapter 8 to Chapter 14:
North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)
Table of Contents
118 Pages
- Chapter 1 Market Definition and Statistical Scope
- Chapter 2 Research Findings and Conclusion
- Chapter 3 Key Companies’ Profile
- Chapter 4 Global Small TRBs (3mm-10mm) and Medium TRBs (10mm-16mm) Market Segmented by Type
- Chapter 5 Global Small TRBs (3mm-10mm) and Medium TRBs (10mm-16mm) Market Segmented by Downstream Industry
- Chapter 6 Small TRBs (3mm-10mm) and Medium TRBs (10mm-16mm) Industry Chain Analysis
- Chapter 7 The Development and Dynamics of Small TRBs (3mm-10mm) and Medium TRBs (10mm-16mm) Market
- Chapter 8 Global Small TRBs (3mm-10mm) and Medium TRBs (10mm-16mm) Market Segmented by Geography
- Chapter 9 North America
- Chapter 10 Europe
- Chapter 11 Asia Pacific
- Chapter 12 Latin America
- Chapter 13 Middle East & Africa
- Chapter 14 Global Small TRBs (3mm-10mm) and Medium TRBs (10mm-16mm) Market Forecast by Geography, Type, and Downstream Industry 2024-2030
- Chapter 15 Appendix
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