Bearings Market Size to Cross USD 213,685 Million by 2026

The global Bearings Market size is anticipated to around USD 213,685 million by 2026, this market is anticipated to grow with 9.5% CAGR during the forecast time period. In the Bearings Market, The regional segmentation includes current and projected demand in North America, Europe, Asia Pacific, Latin America and the Middle East and Africa.

Increased use of heavy machinery supports, growing demands for application-specific bearings, creating sensor bearing systems, boosting steel prices, rising use of products and increasing production of vehicles in emerging countries are the key factors that impact the market development. The above factors either lead to or impede the growth of the bearings market. Each of these factors might have an impact on the market growth during the forecast period.

New Technological Developments

In order to meet industry standards and the need for critical and high-tech applications, technology focused industries such as robotics, aerospace and defense, medical, etc have seen tremendous demand for reliable, heavy-duty (HD) bearings and robust bearings. A higher demand for bearings from these industries is likely to drive demand for bearings globally.

Investments and Improvements in Renewable Energy

The most important components used in wind turbines for the wind power industry. These bearings need designs which can optimize reliability and provide cost-effectiveness in accordance with applications
Continuing ventures and groundbreaking wind power generation show a great deal of investments in the existing wind energy industry. India and China play an important role in the Asia-Pacific market for wind energy.

Due to the presence of a significant population and cost advantage in the region, the Asia-Pacific is expected to dominate the market. The fast growth of the production industry and the region well developed infrastructure along with the growth of government funding in different developing and developed countries help to boost the global bearing market.

There are four trends which could have a significant impact on business and bearing supplier:

Increased Demand: A steady increase in demand, largely due to the abundance of long-term products and other related applications, as the financial crisis begins to fade.
Geographical Shift: By the end of 2016, Asia-Pacific had the highest average growth of 10% per year and is expected to reach $54 billion in total turnover at bearings.
Product Changes: Bearing suppliers is likely to respond to specific product specifications and provide tailored solutions. Companies such as Ritbearing already supply bearings for small or niche projects and the projects that need more personalized bearing solutions.
Faster Product Development: Products are being produced at a high speed rate, especially in the electronics field. In order to meet the demand for products with a shorter development period, the bearing market is likely to reduce the time required for bearing production which has become the industry standard. Wholesalers like Ritbearing can position their orders within months to provide a competitive edge for consumers by reducing the time required for products.

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The players profiled in the report include C&U GROUP LTD., Tenneco Inc., JTEKT Corporation, NKE AUSTRIA GmbH, NSK Ltd., Schaeffler AG, SKF, THK CO., LTD., The Timken Company, and NTN Corporation. The major players involved in strategic investment plans in the developing regions across the globe. The companies were also involved in mergers and acquisitions and new product development for gaining a competitive advantage.

Recent Developments:

In October 2019, NSK Ltd. has developed a new, conveyor roller bearing that provides a long life, even under very lean lubricating conditions, for use in electric vehicles (including hybrids, fuel cells, and batteries). By 2025, NSK will reach revenue of 2 billion yen.
In January 2020, Timken Company, a world leader in engineered bearings and power transmission devices, helps customers build a stronger defense line in food processing plants that are able to deal with harsh chemical materials and rough washing up equipment. Timken solutions portfolio for food and beverage producers now has hygienic housing units to tackle specific safety risks, including corrosional and grease-free rollers.
In January 2020, SKF announced rolling roads with advance bearing technology. Manufacturers like SKF invest in new technological developments and adapt or update traditional bearings in response to these new demands. Customized and hybrid coils already address some of the key issues that can impact the efficiency of electric vehicles by redesigning elements such as the rubber frame, rolling materials and using special grease lubricating systems.

Acumen Research & Consulting, a global provider of market research studies, in a recently published report titled " Bearings Market (By Type: Ball Bearings, Plain Bearings, Roller Bearing, Others; By Outer diameter: Below 5mm, 6mm-10mm, 10mm-21mm, 22mm, 23mm-32mm, 33mm-40mm, 41mm-45mm, Others; By Application: Automotive, Electrical, Agriculture, Mining & Construction, Railway & Aerospace, Others) – Global Industry Analysis, Market Size, Opportunities and Forecast, 2019 - 2026".

Report Insights

Ball bearing registered the maximum share in the market in the year 2018 owing to the presence of its numerous applications to reduce rotational friction and to support radial and axial loads.
In 2018, automotive dominated the market with maximum share and the segment is also projected to witness large share over the forecast period.
In 2018, Asia Pacific held the topmost position in the bearings market and the region is also anticipated to be the fastest-growing market over the forecast period.

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Market Segmentation

Market By Type

Ball Bearings
Plain Bearings
Roller Bearing
Others (magnetic, rifle, and composite bearings)

Market By Outer diameter

Below 5mm
6mm-10mm
10mm-21mm
22mm
23mm-32mm
33mm-40mm
41mm-45mm
Others (>45mm)

Market By Application

Automotive
Electrical
Agriculture
Mining & Construction
Railway & Aerospace
Others (Medical & healthcare and food & beverage)

Market By Geography

North America

U.S.
Canada

Europe

U.K.
Germany
France
Spain
Rest of Europe

Asia-Pacific

China
Japan
India
Australia
South Korea
Rest of Asia-Pacific

Latin America

Brazil
Mexico
Rest of Latin America

Middle East & Africa

GCC
South Africa
Rest of Middle East & Africa

Key Questions Answered in the Report

The report addresses key questions concerning the market evolution and overarching trends shaping global market growth. Some of the key questions answered in the report include-

- What is the overall structure of the market?

- What was the historical value and what is the forecasted value of the market?

- What are the key product level trends in the market?

- What are the market level trends in the market?

- Which of the market players are leading and what are their key differential strategies to retain their stronghold?

- Which are the most lucrative regions in the market space?

The report is readily available and can be dispatched immediately after payment confirmation.

TABLE OF CONTENT

CHAPTER 1. INDUSTRY OVERVIEW
1.1. Definition and Scope
1.1.1. Definition of Bearings
1.1.2. Market Segmentation
1.1.3. List of Abbreviations
1.2. Summary
1.2.1. Market Snapshot
1.2.2. Bearings Market By Type
1.2.2.1. Global Bearings Market Revenue and Growth Rate Comparison By Type (2015-2026)
1.2.2.2. Global Bearings Market Revenue Share By Type in 2018
1.2.2.3. Ball Bearings
1.2.2.4. Plain Bearings
1.2.2.5. Roller Bearing
1.2.2.6. Others (magnetic, rifle, and composite bearings)
1.2.3. Bearings Market By Outer diameter
1.2.3.1. Global Bearings Market Revenue and Growth Rate Comparison By Outer diameter (2015-2026)
1.2.3.1.1. Below 5mm
1.2.3.1.2. 6mm-10mm
1.2.3.1.3. 10mm-21mm
1.2.3.1.4. 22mm
1.2.3.1.5. 23mm-32mm
1.2.3.1.6. 33mm-40mm
1.2.3.1.7. 41mm-45mm
1.2.3.1.8. Others (>45mm)
1.2.4. Bearings Market By Application
1.2.4.1. Global Bearings Market Revenue and Growth Rate Comparison By Application (2015-2026)
1.2.4.2. Automotive
1.2.4.3. Electrical
1.2.4.4. Agriculture
1.2.4.5. Mining & Construction
1.2.4.6. Railway & Aerospace
1.2.4.7. Others (Medical & healthcare and food & beverage)
1.2.5. Bearings Market By Geography
1.2.5.1. Global Bearings Market Revenue and Growth Rate Comparison By Geography (2015-2026)
1.2.5.2. North AmericaBearings Market Revenue and Growth Rate(2015-2026)
1.2.5.3. EuropeBearings Market Revenue and Growth Rate(2015-2026)
1.2.5.4. Asia-PacificBearings Market Revenue and Growth Rate(2015-2026)
1.2.5.5. Latin AmericaBearings Market Revenue and Growth Rate(2015-2026)
1.2.5.6. Middle East and Africa (MEA)Bearings Market Revenueand Growth Rate(2015-2026)

CHAPTER 2. MARKET DYNAMICSAND COMPETITION ANALYSIS
2.1. Market Drivers
2.2. Restraints and Challenges
2.3. Growth Opportunities
2.4. Porter’s Five Forces Analysis
2.4.1. Bargaining Power of Suppliers
2.4.2. Bargaining Power of Buyers
2.4.3. Threat of Substitute
2.4.4. Threat of New Entrants
2.4.5. Degree of Competition
2.5. Value Chain Analysis
2.6. Cost Structure Analysis
2.6.1. Raw Material and Suppliers
2.6.2. Manufacturing Process Analysis
2.7. Regulatory Compliance
2.8. Competitive Landscape, 2018
2.8.1. Player Positioning Analysis
2.8.2. Key Strategies Adopted By Leading Players

CHAPTER 3. MANUFACTURING PLANTS ANALYSIS
3.1. Capacity and Commercial Production Date of Global Bearings Major Manufacturers in 2018
3.2. Manufacturing Plants Distribution of Global Bearings Major Manufacturers in 2018
3.3. R&D Status and Technology Source of Global Bearings Major Manufacturers in 2018
3.4. Raw Materials Sources Analysis of Global Bearings Major Manufacturers in 2018

CHAPTER 4. BEARINGS MARKET BY TYPE
4.1. Global Bearings RevenueBy Type
4.2. Ball Bearings
4.2.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
4.2.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
4.3. Plain Bearings
4.3.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
4.3.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
4.4. Roller Bearing
4.4.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
4.4.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
4.5. Others (magnetic, rifle, and composite bearings)
4.5.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
4.5.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)

CHAPTER 5. BEARINGS MARKET BY OUTER DIAMETER
5.1. Global Bearings RevenueBy Outer diameter
5.2. Below 5mm
5.2.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
5.2.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
5.3. 6mm-10mm
5.3.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
5.3.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
5.4. 10mm-21mm
5.4.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
5.4.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
5.5. 22mm
5.5.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
5.5.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
5.6. 23mm-32mm
5.6.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
5.6.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
5.7. 33mm-40mm
5.7.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
5.7.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
5.8. 41mm-45mm
5.8.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
5.8.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
5.9. Others (>45mm)
5.9.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
5.9.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)

CHAPTER 6. BEARINGS MARKET BY APPLICATION
6.1. Global Bearings RevenueBy Application
6.2. Automotive
6.2.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
6.2.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
6.3. Electrical
6.3.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
6.3.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
6.4. Agriculture
6.4.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
6.4.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
6.5. Mining & Construction
6.5.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
6.5.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
6.6. Railway & Aerospace
6.6.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
6.6.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
6.7. Others (Medical & healthcare and food & beverage)
6.7.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
6.7.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)

CHAPTER 7. NORTH AMERICA BEARINGS MARKET BY COUNTRY
7.1. North America Bearings Market Revenue and Growth Rate, 2015 - 2026 ($Million)
7.2. North America Bearings Market Revenue Share Comparison, 2015 & 2026 (%)
7.3. U.S.
7.3.1. U.S.Bearings Market Revenue and Forecast By Type, 2015 - 2026 ($Million)
7.3.2. Market Revenue and Forecast By Outer diameter, 2015 - 2026 ($Million)
7.3.3. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
7.4. Canada
7.4.1. Market Revenue and Forecast By Type, 2015 - 2026 ($Million)
7.4.2. Market Revenue and Forecast By Outer diameter, 2015 - 2026 ($Million)
7.4.3. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)

CHAPTER 8. EUROPEBEARINGS MARKET BY COUNTRY
8.1. Europe Bearings Market Revenue and Growth Rate, 2015 - 2026 ($Million)
8.2. Europe Bearings Market Revenue Share Comparison, 2015 & 2026 (%)
8.3. UK
8.3.1. Market Revenue and Forecast By Type, 2015 - 2026 ($Million)
8.3.2. Market Revenue and Forecast By Outer diameter, 2015 - 2026 ($Million)
8.3.3. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
8.4. Germany
8.4.1. Market Revenue and Forecast By Type, 2015 - 2026 ($Million)
8.4.2. Market Revenue and Forecast By Outer diameter, 2015 - 2026 ($Million)
8.4.3. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
8.5. France
8.5.1. Market Revenue and Forecast By Type, 2015 - 2026 ($Million)
8.5.2. Market Revenue and Forecast By Outer diameter, 2015 - 2026 ($Million)
8.5.3. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
8.6. Spain
8.6.1. Market Revenue and Forecast By Type, 2015 - 2026 ($Million)
8.6.2. Market Revenue and Forecast By Outer diameter, 2015 - 2026 ($Million)
8.6.3. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
8.7. Rest of Europe
8.7.1. Market Revenue and Forecast By Type, 2015 - 2026 ($Million)
8.7.2. Market Revenue and Forecast By Outer diameter, 2015 - 2026 ($Million)
8.7.3. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)

CHAPTER 9. ASIA-PACIFICBEARINGS MARKET BY COUNTRY
9.1. Asia-Pacific Bearings Market Revenue and Growth Rate, 2015 - 2026 ($Million)
9.2. Asia-PacificBearings Market Revenue Share Comparison, 2015 & 2026 (%)
9.3. China
9.3.1. Market Revenue and Forecast By Type, 2015 - 2026 ($Million)
9.3.2. Market Revenue and Forecast By Outer diameter, 2015 - 2026 ($Million)
9.3.3. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
9.4. Japan
9.4.1. Market Revenue and Forecast By Type, 2015 - 2026 ($Million)
9.4.2. Market Revenue and Forecast By Outer diameter, 2015 - 2026 ($Million)
9.4.3. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
9.5. India
9.5.1. Market Revenue and Forecast By Type, 2015 - 2026 ($Million)
9.5.2. Market Revenue and Forecast By Outer diameter, 2015 - 2026 ($Million)
9.5.3. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
9.6. Australia
9.6.1. Market Revenue and Forecast By Type, 2015 - 2026 ($Million)
9.6.2. Market Revenue and Forecast By Outer diameter, 2015 - 2026 ($Million)
9.6.3. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
9.7. South Korea
9.7.1. Market Revenue and Forecast By Type, 2015 - 2026 ($Million)
9.7.2. Market Revenue and Forecast By Outer diameter, 2015 - 2026 ($Million)
9.7.3. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
9.8. Rest of Asia-Pacific
9.8.1. Market Revenue and Forecast By Type, 2015 - 2026 ($Million)
9.8.2. Market Revenue and Forecast By Outer diameter, 2015 - 2026 ($Million)
9.8.3. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)

CHAPTER 10. LATIN AMERICABEARINGS MARKET BY COUNTRY
10.1. Latin America Bearings Market Revenue and Growth Rate, 2015 - 2026 ($Million)
10.2. Latin America Bearings Market Revenue Share Comparison, 2015 & 2026 (%)
10.3. Brazil
10.3.1. Market Revenue and Forecast By Type, 2015 - 2026 ($Million)
10.3.2. Market Revenue and Forecast By Outer diameter, 2015 - 2026 ($Million)
10.3.3. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
10.4. Mexico
10.4.1. Market Revenue and Forecast By Type, 2015 - 2026 ($Million)
10.4.2. Market Revenue and Forecast By Outer diameter, 2015 - 2026 ($Million)
10.4.3. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
10.5. Rest of Latin America
10.5.1. Market Revenue and Forecast By Type, 2015 - 2026 ($Million)
10.5.2. Market Revenue and Forecast By Outer diameter, 2015 - 2026 ($Million)
10.5.3. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)

CHAPTER 11. MIDDLE EAST & AFRICABEARINGS MARKET BY COUNTRY
11.1. Middle East & AFRICABearings Market Revenue and Growth Rate, 2015 - 2026 ($Million)
11.2. Middle East & AFRICABearings Market Revenue Share Comparison, 2015 & 2026 (%)
11.3. GCC
11.3.1. Market Revenue and Forecast By Type, 2015 - 2026 ($Million)
11.3.2. Market Revenue and Forecast By Outer diameter, 2015 - 2026 ($Million)
11.3.3. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
11.4. South Africa
11.4.1. Market Revenue and Forecast By Type, 2015 - 2026 ($Million)
11.4.2. Market Revenue and Forecast By Outer diameter, 2015 - 2026 ($Million)
11.4.3. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
11.5. Rest of Middle East & AFRICA
11.5.1. Market Revenue and Forecast By Type, 2015 - 2026 ($Million)
11.5.2. Market Revenue and Forecast By Outer diameter, 2015 - 2026 ($Million)
11.5.3. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)

CHAPTER 12. COMPANY PROFILE
12.1. C&U GROUP LTD.
12.1.1. Company Snapshot
12.1.2. Overview
12.1.3. Financial Overview
12.1.4. Type Portfolio
12.1.5. Key Developments
12.1.6. Strategies
12.2. Tenneco Inc.
12.2.1. Company Snapshot
12.2.2. Overview
12.2.3. Financial Overview
12.2.4. Type Portfolio
12.2.5. Key Developments
12.2.6. Strategies
12.3. JTEKT Corporation
12.3.1. Company Snapshot
12.3.2. Overview
12.3.3. Financial Overview
12.3.4. Type Portfolio
12.3.5. Key Developments
12.3.6. Strategies
12.4. NKE AUSTRIA GmbH
12.4.1. Company Snapshot
12.4.2. Overview
12.4.3. Financial Overview
12.4.4. Type Portfolio
12.4.5. Key Developments
12.4.6. Strategies
12.5. NSK Ltd.
12.5.1. Company Snapshot
12.5.2. Overview
12.5.3. Financial Overview
12.5.4. Type Portfolio
12.5.5. Key Developments
12.5.6. Strategies
12.6. Schaeffler AG
12.6.1. Company Snapshot
12.6.2. Overview
12.6.3. Financial Overview
12.6.4. Type Portfolio
12.6.5. Key Developments
12.6.6. Strategies
12.7. SKF
12.7.1. Company Snapshot
12.7.2. Overview
12.7.3. Financial Overview
12.7.4. Type Portfolio
12.7.5. Key Developments
12.7.6. Strategies
12.8. THK CO., LTD.
12.8.1. Company Snapshot
12.8.2. Overview
12.8.3. Financial Overview
12.8.4. Type Portfolio
12.8.5. Key Developments
12.8.6. Strategies
12.9. The Timken Company
12.9.1. Company Snapshot
12.9.2. Overview
12.9.3. Financial Overview
12.9.4. Type Portfolio
12.9.5. Key Developments
12.9.6. Strategies
12.10. NTN Corporation
12.10.1. Company Snapshot
12.10.2. Overview
12.10.3. Financial Overview
12.10.4. Type Portfolio
12.10.5. Key Developments
12.10.6. Strategies
12.11. Others
12.11.1. Company Snapshot
12.11.2. Overview
12.11.3. Financial Overview
12.11.4. Type Portfolio
12.11.5. Key Developments
12.11.6. Strategies

CHAPTER 13. RESEARCH APPROACH
13.1. Research Methodology
13.1.1. Initial Data Search
13.1.2. Secondary Research
13.1.3. Primary Research
13.2. Assumptions and Scope

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