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Middle East & Africa Vacuum Bearings Market Forecast to 2028 - COVID-19 Impact and Regional Analysis - by Product Type, Application, and Material

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    Report

  • 133 Pages
  • September 2022
  • Region: Africa, Middle East
  • The Insight Partners
  • ID: 5668375
UP TO OFF until Mar 31st 2024
The MEA vacuum bearings market is expected to grow from US$ 332.82 million in 2022 to US$ 491.12 million by 2028; it is estimated to grow at a CAGR of 6.6% from 2022 to 2028.

Raw material accounts for ~60% of a vacuum bearing manufacturer's revenue. As high-grade steel is the major raw material used for manufacturing vacuum bearings, the costs of bearings are greatly correlated with the global steel price movement. The variation in raw material price challenges the vacuum bearing manufacturers to deliver reasonably priced and high-quality bearings. Further, the raw material price of the automotive vacuum bearing fluctuates as per the market economic condition. Such price volatility of raw materials is becoming an actual challenge for enterprises to remain competitive. Therefore, fluctuation of raw material price creates challenges for the vacuum bearing manufacturers to manufacture a bearing for a vehicle in terms of quality and price. Additionally, fluctuating supply and demand scenario is hindering the growth of the vacuum bearing industry. The difference in trade strategies, variations in foreign exchange rates, discrepancies in supply and demand, and intensified geopolitical risks across various countries potentially impact the pricing of steel and aluminum bearing materials. Besides, the vacuum bearing components comprise seals and cages that require lubrication at frequent intervals to ensure smooth functioning, thus requiring additional expenses.

With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the MEA vacuum bearings market . The MEA vacuum bearings market is expected to grow at a good CAGR during the forecast period.

MEA Vacuum Bearings Market Segmentation

The MEA vacuum bearings market is segmented based on product type, application, material, and country.
  • Based on product type, the MEA vacuum bearings market is divided into cylindrical roller bearings, tapered roller bearings, spherical roller bearings, thrust roller bearings, and needle roller bearings. The cylindrical roller bearings segment would dominate the market in 2022. In terms of application, the MEA vacuum bearings market is categorized into automotive, manufacturing & construction, energy & power, mining, aerospace & defense, and others. The energy & power segment would dominate the MEA vacuum bearings market in 2022.
  • Based on material, the MEA vacuum bearings market is categorized into silicon, stainless steel, hybrid, and others. The stainless-steel segment would dominate the MEA vacuum bearings market in 2022.
  • Based on country, the MEA vacuum bearings market is segmented into Saudi Arabia, South Africa, UAE, and the Rest of MEA. South Africa would dominate the MEA vacuum bearings market in 2022.
Key players operating in the MEA vacuum bearings market include HepcoMotion; NSK Ltd; Schaeffler Technologies AG & Co. KG; THE TIMKEN COMPANY; GMN Paul Muller Industrie GmbH & Co. KG; UNASIS; and SKF by Altair.
Frequently Asked Questions about the Middle Eastern & African Vacuum Bearings Market

What is the estimated value of the Middle Eastern & African Vacuum Bearings Market?

The Middle Eastern & African Vacuum Bearings Market was estimated to be valued at $332.82 Million in 2022.

What is the growth rate of the Middle Eastern & African Vacuum Bearings Market?

The growth rate of the Middle Eastern & African Vacuum Bearings Market is 6.6%, with an estimated value of $491.12 Million by 2028.

What is the forecasted size of the Middle Eastern & African Vacuum Bearings Market?

The Middle Eastern & African Vacuum Bearings Market is estimated to be worth $491.12 Million by 2028.

Who are the key companies in the Middle Eastern & African Vacuum Bearings Market?

Key companies in the Middle Eastern & African Vacuum Bearings Market include HepcoMotion, NSK Ltd, Schaeffler Technologies AG & Co. KG, THE TIMKEN COMPANY, GMN Paul Muller Industrie GmbH & Co. KG, UNASIS and SKF.

Table of Contents

1. Introduction
1.1 Scope of the Study
1.2 Research Report Guidance
1.3 Market Segmentation
1.3.1 MEA Vacuum Bearing Market - By Type
1.3.2 MEA Vacuum Bearing Market - By Application
1.3.3 MEA Vacuum Bearing Market - By Material
1.3.4 MEA Vacuum Bearing Market - By Country
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. MEA Vacuum Bearing Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.2.1 MEA
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. MEA Vacuum Bearing Market - Key Market Dynamics
5.1 Market Drivers
5.1.1 Soaring Growth of MEA Space Sector
5.1.2 Benefits of Vacuum Bearings
5.2 Market Restraints
5.2.1 Contradictory Raw Material Prices and High Maintenance Cost
5.3 Market Opportunities
5.3.1 Developing Applications of Bearing
5.4 Future Trends
5.4.1 Upsurge in Technological Advancement
5.5 Impact Analysis of Drivers and Restraints
6. Vacuum Bearing Market - MEA Market Analysis
6.1 Vacuum Bearing Market MEA Overview
6.2 MEA Vacuum Bearing Market Forecast and Analysis
7. MEA Vacuum Bearing Market - By Type
7.1 Overview
7.2 MEA Vacuum Bearing Market, By Type (2021 and 2028)
7.3 Cylindrical Roller Bearings
7.3.1 Overview
7.3.2 Cylindrical Roller Bearings: Vacuum Bearing Market Revenue and Forecast To 2028 (US$ Million)
7.4 Tapered Roller Bearings
7.4.1 Overview
7.4.2 Tapered Roller Bearings: Vacuum Bearing Market Revenue and Forecast To 2028 (US$ Million)
7.5 Spherical Roller Bearings
7.5.1 Overview
7.5.2 Spherical Roller Bearings: Vacuum Bearing Market Revenue and Forecast To 2028 (US$ Million)
7.6 Thrust Roller Bearings
7.6.1 Overview
7.6.2 Thrust Roller Bearings: Vacuum Bearing Market Revenue and Forecast To 2028 (US$ Million)
7.7 Needle Roller Bearings
7.7.1 Overview
7.7.2 Needle Roller Bearings: Vacuum Bearing Market Revenue and Forecast To 2028 (US$ Million)
8. MEA Vacuum Bearing Market - By Application
8.1 Overview
8.2 MEA Vacuum Bearing Market, By Application (2021 and 2028)
8.3 Automotive
8.3.1 Overview
8.3.2 Automotive: Vacuum Bearing Market Revenue and Forecast To 2028 (US$ Million)
8.4 Manufacturing & Construction
8.4.1 Overview
8.4.2 Manufacturing & Construction: Vacuum Bearing Market Revenue and Forecast To 2028 (US$ Million)
8.5 Energy & Power
8.5.1 Overview
8.5.2 Energy & Power: Vacuum Bearing Market Revenue and Forecast To 2028 (US$ Million)
8.6 Mining
8.6.1 Overview
8.6.2 Mining: Vacuum Bearing Market Revenue and Forecast To 2028 (US$ Million)
8.7 Aerospace & Defense
8.7.1 Overview
8.7.2 Aerospace & Defense: Vacuum Bearing Market Revenue and Forecast To 2028 (US$ Million)
8.8 Others
8.8.1 Overview
8.8.2 Others: Vacuum Bearing Market Revenue and Forecast To 2028 (US$ Million)
9. MEA Vacuum Bearing Market - By Material
9.1 Overview
9.2 MEA Vacuum Bearing Market, By Material (2021 and 2028)
9.3 Silicon
9.3.1 Overview
9.3.2 Silicon: Vacuum Bearing Market Revenue and Forecast To 2028 (US$ Million)
9.4 Stainless Steel
9.4.1 Overview
9.4.2 Stainless Steel: Vacuum Bearing Market Revenue and Forecast To 2028 (US$ Million)
9.5 Hybrid
9.5.1 Overview
9.5.2 Hybrid: Vacuum Bearing Market Revenue and Forecast To 2028 (US$ Million)
9.6 Others
9.6.1 Overview
9.6.2 Others: Vacuum Bearing Market Revenue and Forecast To 2028 (US$ Million)
10. MEA Vacuum Bearing Market - By Country Analysis
10.1 MEA: Vacuum Bearing Market
10.1.1 Overview
10.1.2 MEA Vacuum Bearing Market Breakdown, By Country
10.1.2.1 Saudi Arabia Vacuum Bearing Market, Revenue and Forecast to 2028 (US$ million)
10.1.2.1.1 Saudi Arabia Vacuum Bearing Market Breakdown, By Type
10.1.2.1.2 Saudi Arabia Vacuum Bearing Market Breakdown, By Application
10.1.2.1.3 Saudi Arabia Vacuum Bearing Market Breakdown, By Material
10.1.2.2 UAE Vacuum Bearing Market, Revenue and Forecast to 2028 (US$ million)
10.1.2.2.1 UAE Vacuum Bearing Market Breakdown, By Type
10.1.2.2.2 UAE Vacuum Bearing Market Breakdown, By Application
10.1.2.2.3 UAE Vacuum Bearing Market Breakdown, By Material
10.1.2.3 South Africa Vacuum Bearing Market, Revenue and Forecast to 2028 (US$ million)
10.1.2.3.1 South Africa Vacuum Bearing Market Breakdown, By Type
10.1.2.3.2 South Africa Vacuum Bearing Market Breakdown, By Application
10.1.2.3.3 South Africa Vacuum Bearing Market Breakdown, By Material
10.1.2.4 Rest of MEA Vacuum Bearing Market, Revenue and Forecast to 2028 (US$ million)
10.1.2.4.1 Rest of MEA Vacuum Bearing Market Breakdown, By Type
10.1.2.4.2 Rest of MEA Vacuum Bearing Market Breakdown, By Application
10.1.2.4.3 Rest of MEA Vacuum Bearing Market Breakdown, By Material
11. Industry Landscape
11.1 Overview
11.2 Market Initiative
11.3 Merger and Acquisition
11.4 New Development
12. Company Profiles
12.1 HepcoMotion
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 NSK Ltd.
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 Schaeffler Technologies AG & Co. KG
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 THE TIMKEN COMPANY
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 GMN Paul Müller Industrie GmbH & Co. KG
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 UNASIS
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 SKF
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
13. Appendix
13.1 About the Publisher
13.2 Glossary

Companies Mentioned

A selection of companies mentioned in this report includes:

  • HepcoMotion
  • NSK Ltd
  • Schaeffler Technologies AG & Co. KG
  • THE TIMKEN COMPANY
  • GMN Paul Muller Industrie GmbH & Co. KG
  • UNASIS
  • SKF