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Bearings - Global Market Trajectory & Analytics

  • ID: 338754
  • Report
  • September 2020
  • Region: Global
  • 633 Pages
  • Global Industry Analysts, Inc
The global market for Bearings is projected to reach US$131. 8 billion by 2025, driven by their indispensable and ubiquitous importance in machines. Bearings enable rotational or linear movement; reduce friction between moving rotary components in various industrial products and mechanical components; in addition to supporting rotating parts for achieving desired motion; managing stress; and reducing energy consumption for machineries. The precision-made components enable machinery, operating at high speeds, to carry huge amounts of load efficiently and easily. Depending on the application, there are different principles on which these bearings are designed and run. Bearings mainly help decrease the impact of friction in moving parts, thereby reducing energy losses in the form of heat during the process. They reduce wear and tear between moving parts to a large extent, facilitating ease in power transmission. Attributes, such as safety, reliability, and longevity of most mechanical products are closely related to the accurate design and installation of bearings. Bearings are utilized by a broad range of industries, and are manufactured in different types and sizes. Application of bearings are enormous, ranging from unground bearings employed in roller skates to super precision bearings, utilized in aerospace machinery. The size range can be witnessed in extremely small bearings employed for computer drives and precision medical equipment, to extremely large bearings involved in mining and power generation applications.

Almost every load, vibration, and stress that influences a machine`s functioning should eventually be managed by the bearings. Bearings, therefore, become vital for proper functioning of the systems. The machine stops working if a bearing crashes. Additionally, as bearings face critical operating conditions, they serve as a critical point for sensing and evaluating the overall condition of machines. Efforts to improve offerings span from quality and cleanliness of raw materials used in steel plants and manufacturing techniques through to product packaging as well as logistics management to deter spurious products. While new designs and cage materials reduce heat generation and accelerate operations, the use of sophisticated designs extends overall lifespan of products. Manufacturers tightly control surface finish of internal components for extending service life of bearings. Recent advances also focus on addressing certain issues attributed to changes in operating conditions or requirements. Innovative options push existing capabilities of equipment under more severe operating conditions or address more stringent demands of end-use applications. New bearing materials including heat treatment and material chemistry overcome the negative impact of issues like hard particle contamination, inadequate lubrication conditions, water intrusion, hydrogen embrittlement and corrosion.

Competitors identified in this market include, among others:
  • Brammer PLC
  • Tenneco Inc.
  • Harbin Bearing Manufacturing Co., Ltd.
  • HKT Bearings Ltd.
  • igus®
  • JTEKT Corporation
  • MinebeaMitsumi, Inc.
  • Nachi-Fujikoshi Corp.
  • NSK Ltd.
  • NTN Corporation
  • RBC Bearings, Inc.
  • Rexnord Corporation
  • Schaeffler AG
  • SKF Group
  • SNL Bearings Limited
  • The Timken Company
  • Wafangdian Bearing Group Corp., Ltd.,.
Note: Product cover images may vary from those shown
I. INTRODUCTION, METHODOLOGY & REPORT SCOPE

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW
  • Impact of Covid-19 and a Looming Global Recession
  • An Introduction to Bearings
  • Raw Materials Used in Bearings Manufacturing
  • Bearings: Current Market Scenario and Outlook
  • Roller Bearings: Largest & Fastest Growing Product Segment
  • Types of Roller Bearings
  • Ball Bearings: Second Major Product Category
  • Types of Ball Bearings
  • Other Bearing Types – Plain, Air, Magnetic, & Gas – Remain in Contention
  • China, Asia-Pacific & Other Developing Regions Continue to Drive Market Growth
  • Economic Scenario and its Influence on Bearings Market
  • Global Economic Outlook: Real GDP Growth Rates in % by Country/Region for the Years 2018 through 2021
  • Competitive Scenario
  • Recent Market Activity
  • Suppliers Focus on Innovations and Advancements in Bearing Technology
  • Collaboration between Bearing and Equipment Manufacturers for Optimal Bearing Designs
  • Chinese Companies Playing Significant Role
  • Global Competitor Market Shares
  • Bearings Competitor Market Share Scenario Worldwide (in %): 2019
2. FOCUS ON SELECT PLAYERS
  • Brammer PLC (UK)
  • Tenneco Inc. (USA)
  • Harbin Bearing Manufacturing Co., Ltd. (China)
  • HKT Bearings Ltd. (South Korea)
  • igus® (Germany)
  • JTEKT Corporation (Japan)
  • MinebeaMitsumi, Inc. (Japan)
  • Nachi-Fujikoshi Corp. (Japan)
  • NSK Ltd. (Japan)
  • NTN Corporation (Japan)
  • RBC Bearings, Inc. (USA)
  • Rexnord Corporation (USA)
  • Schaeffler AG (Germany)
  • SKF Group (Sweden)
  • SNL Bearings Limited (India)
  • The Timken Company (USA)
  • Wafangdian Bearing Group Corp., Ltd., (China)
3. MARKET TRENDS & DRIVERS
  • Global Automotive Bearings Market
  • Rise in Vehicle Production Portends Bright Outlook for Bearings
  • Global Passenger Cars Production (In Million Units) by Geographic Region/Country for the Years 2017, 2019, 2022
  • Focus on Production of Lightweight Vehicles Boosts Demand for Sophisticated Bearings
  • Light Weight Bearings for the Automobile Sector
  • Private Labeling Bodes Well for the Market
  • An Insight into the Automotive Suspension Bearings Market
  • Rolling Element Bearings: A Key Automotive Bearing Solution
  • Innovative Approaches to Enable Efficient Roller Bearings for Powertrain Applications
  • Evolving Consumer Demands and Vehicle Functions Drive Innovations in Automotive Bearing Industry
  • Railway and Aerospace Industry Fueling Growth in the Bearings Market
  • Rising Demand in Aerospace Applications
  • Global Commercial Aircraft Fleet Size (in Units) by Geographic Region for the Years 2018 & 2038
  • Global Commercial Aircraft Fleet Size (in Units) by Aircraft Type for the Years 2018 and 2038
  • Bearings Come to the Fore to Improve Mining Equipment Efficiency
  • Global Mining Equipment Market: Revenues in US$ Billion for the Years 2019, 2021, 2023 and 2025
  • Growth in the Construction Industry to Drive the Market
  • Projected Increase in Construction Investments Favors Market: World Construction Industry (in US$ Trillion) for the Years 2017, 2019 & 2022
  • Agriculture Sector Offers Growth Prospects
  • Food Demand Growth Worldwide: Demand Growth in Million Tonnes for Cereals and Sugar in Select Regions for the Period 2008-2017 and 2018-2027
  • Renewable Energy Sector Witnesses Increased Demand for Bearings
  • Bearings for Wind Turbine: A High Value Segment
  • Global Wind Installed Capacity (In GW) for the Years 2011, 2017, 2020 and 2022
  • Advancements and Increasing Collaborations to Optimize Bearing Technology for Fluid Handling Industry
  • Integration of Sensor Units with Bearings and Adoption of Smart Bearings Fosters Market Growth
  • Increasing Demand for Innovative and Special Bearings
  • Innovative Bearing Concepts
  • Low-Friction Tapered Roller Bearings with Locating or Non-Locating Supports
  • Advanced Locating Bearings with Low Friction and Enhanced Load Capacity
  • Optimal Designs for Non-Locating Bearing Supports
  • Bearing Designs for Automatic Transmissions
  • Sophisticated Bearings for EV Drives
  • Integrated Ball Bearing Systems for Transmission Applications
  • Valuable Developments in Bearing Technology Enable Advanced Bearing Solutions
  • Looking Beyond Steel
  • Hybrid Bearings Replacing Steel
  • Enduring Harsh Operating Conditions
  • Progress in Bearing Lubrication
  • Evolving Specifications for Rolling Bearings
  • Novel Materials Spur Innovations in Ball Bearing Manufacturing Industry
  • Tungsten Carbide Enables Robust Ball Bearings
  • Quieter Chrome Steel Bearings
  • Plastic-based Bearings with high Durability
  • Advanced Materials Improve Performance and Fatigue-Resistance of Engine Bearings
  • Advanced Materials for Conventional Tri-Metal Engine Bearings
  • Advanced Aluminum Alloys for Bi-Metal Engine Bearings
  • Polymer Coatings for Engine Bearings
  • Linear Slides: Developments in Polymers Offering New Life
  • White Metal Alloys Gain Popularity in Bearings
  • Market Restrains
  • Emergence of Electric Vehicles to Hamper Market Growth
4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

GEOGRAPHIC MARKET ANALYSIS

UNITED STATES
  • Market Overview
  • Background and Development of the Bearings Industry
  • A Peek into the US Ball Bearing Market
  • US Ceramic Ball Bearing Market
  • Competition
  • Single-Source Supply Trend
  • Anti-dumping Duties Save the Day
  • Market Analytics
CANADA
  • Bearings Industry: An Insight
  • Canadian Ball Bearing Market Overview
  • Market Analytics
JAPAN
  • Japan, Once a Force; Losing Sheen
  • New Supplier Face Entry Barriers in the Automotive Sector
  • Competition
  • Market Analytics
CHINA
  • China: A Frontrunner in the Bearings Industry
  • Shortages in Wind Turbine Bearings: A Business Case for Local Suppliers
  • Market Challenges
  • Price War between Chinese and Japanese Bearing Manufacturers
  • Market Analytics
EUROPE
  • Market Overview
  • Big Shot Manufactures in Western Europe Eye Low Cost CEE Countries for Production
  • Brand Loyalty a Rarity among End-Users
  • Competition
  • Market Analytics
FRANCE

GERMANY

ITALY

UNITED KINGDOM
  • Tapered Roller Bearings Dominate the Roller and Needle Bearings Market
  • UK Market for Roller and Needle Bearings by Type (2020): Percentage Breakdown of Value Sales for Tapered, Cylindrical, Spherical and Needle
  • Market Analytics
SPAIN

RUSSIA

REST OF EUROPE

ASIA-PACIFIC

AUSTRALIA

INDIA
  • Indian Bearings Industry: At a Glance
  • Industry Structure
  • Growth Drivers
  • Challenges
  • Market Overview
  • Competitive Scenario
  • Indian Bearings Market (2020): Market Share Breakdown by Leading Companies
  • Leading Bearing Manufacturers in India
  • Organized Sector Rules Domestic Bearings Production
  • Indian Bearings Market (2020): Percentage Share Breakdown by Sector for Organized, Unorganized, and Imports
  • Imports Account for a Prominent Share
  • Automotive: The Major Application Segment
  • Competition from Chinese Bearings
  • Automotive Bearing Exports: An Insight
  • Brief Note on Other Application Segments
SOUTH KOREA

REST OF ASIA-PACIFIC

LATIN AMERICA
  • Brief Overview
  • Market Analytics
ARGENTINA

BRAZIL

MEXICO

REST OF LATIN AMERICA

MIDDLE EAST

IRAN

ISRAEL

SAUDI ARABIA

UNITED ARAB EMIRATES

REST OF MIDDLE EAST

AFRICA

IV. COMPETITION
  • Total Companies Profiled: 253
Note: Product cover images may vary from those shown
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