Global Bearing Isolators Market to Reach $1.9 Billion by 2027
Amid the COVID-19 crisis, the global market for Bearing Isolators estimated at US$1.4 Billion in the year 2020, is projected to reach a revised size of US$1.9 Billion by 2027, growing at a CAGR of 4.6% over the period 2020-2027. Metallic, one of the segments analyzed in the report, is projected to record 4.7% CAGR and reach US$1.1 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Non-Metallic segment is readjusted to a revised 4.4% CAGR for the next 7-year period.
The U.S. Market is Estimated at $373.4 Million, While China is Forecast to Grow at 7.2% CAGR
The Bearing Isolators market in the U.S. is estimated at US$373.4 Million in the year 2020. China, the world's second largest economy, is forecast to reach a projected market size of US$382.1 Million by the year 2027 trailing a CAGR of 7.1% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.5% and 4.2% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 2.8% CAGR.
Select Competitors (Total 41 Featured):
Amid the COVID-19 crisis, the global market for Bearing Isolators estimated at US$1.4 Billion in the year 2020, is projected to reach a revised size of US$1.9 Billion by 2027, growing at a CAGR of 4.6% over the period 2020-2027. Metallic, one of the segments analyzed in the report, is projected to record 4.7% CAGR and reach US$1.1 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Non-Metallic segment is readjusted to a revised 4.4% CAGR for the next 7-year period.
The U.S. Market is Estimated at $373.4 Million, While China is Forecast to Grow at 7.2% CAGR
The Bearing Isolators market in the U.S. is estimated at US$373.4 Million in the year 2020. China, the world's second largest economy, is forecast to reach a projected market size of US$382.1 Million by the year 2027 trailing a CAGR of 7.1% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.5% and 4.2% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 2.8% CAGR.
Select Competitors (Total 41 Featured):
- Advanced Sealing International
- Aesseal PLC
- Baldor Electric Company
- Beacon Gasket & Seals Co.
- Elliott Group
- Flowserve Corporation
- Garlock Sealing Technologies LLC
- Inpro/Seal
- Isomag Corporation
- John Crane
- Parker Hannifin Corporation
- The Timken Company
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I. METHODOLOGY
II. EXECUTIVE SUMMARY
IV. COMPETITION
II. EXECUTIVE SUMMARY
- Influencer Market Insights
- World Market Trajectories
- Bearing Isolators Market to Register Huge Growth
- Metallic Material Type to Register Fastest Growth
- In End-User Applications, Oil & Gas to Account for Fastest Growth
- Impact of Covid-19 and a Looming Global Recession
- Increasing Need for Accurate and High-Speed Equipment to Drive Growth in Bearing Isolators Market
- Stringent Regulations in Developed Regions to Support Market Demand
- Exhibit 1: Worldwide Bearing Demand (Billion USD) by Region: 2018E
- Increased Need for Accurate and High Speed Equipment, and Stringent Regulations to Bode well for Market growth
- Market Players in Bearing Isolators Adopt Strategies to Enhance Operational Life of the Equipment
- Introduction of innovative Technologies Support Market Growth
IV. COMPETITION
- Total Companies Profiled: 41
Note: Product cover images may vary from those shown
