Bearings Market : Leading Players Analysis Report 2024
The Global Bearings Market Growth 2019-2024 is a research report available at DecisionDatabases.com.
A bearing is a machine element that constrains relative motion to only the desired motion, and reduces friction between moving parts. The design of the bearing provides for free linear movement of the moving part or for free rotation around a fixed axis; or, it prevents a motion by controlling the vectors of normal forces that bear on the moving parts.
Ball bearings occupied 66.71% of the revenue market in 2016, while roller bearings accounts for around 33.29% of the total industry. As for application field, Automotive Industry and Industrial Machine are the largest two application fields which account for 45.23% and 31.46% respectively. Aerospace industry is smaller with 10.54% in 2016 and other application accounts for about 12.77% of the market.
According to this study, over the next five years the Bearings market will register a xx% CAGR in terms of revenue, the global market size will reach US$ xx million by 2024, from US$ xx million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in Bearings business, shared in Chapter 3.
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The key manufacturers covered in this report:
- SKF
- Schaeffler
- NSK
- TIMKEN
- JTEKT
- NTN
- Federal-Mogul
- NACHI
- NMB
- Rexnord
- ZWZ
- C&U GROUP
Segmentation by product type:
- Ball Bearing
- Roller Bearing
Segmentation by application:
- Automotive Industry
- Industrial Machine
- Aerospace Industry
- Others
This report also splits the market by region:
- Americas
- United States
- Canada
- Mexico
- Brazil
- APAC
- China
- Japan
- …….
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Research objectives
- To study and analyze the global Bearings consumption (value & volume) by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
- To understand the structure of Bearings market by identifying its various subsegments.
- Focuses on the key global Bearings manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
- To analyze the Bearings with respect to individual growth trends, future prospects, and their contribution to the total market.
- To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
- To project the consumption of Bearings submarkets, with respect to key regions (along with their respective key countries).
- To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
- To strategically profile the key players and comprehensively analyze their growth strategies.
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