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Bearing Market Size is Surpass over US$ 195 billion by 2027

Rising production of vehicles is directly prompting the sale for bearings employed in automotive sector. As per data presented by the International Organization of Motor Vehicle Manufacturers (OICA), passenger vehicles production on the global level was around 69 million units in 2018, recording a growth of 2.2% than earlier year.Bearings find application in machinery that required to be supervised continuously to safeguard consistency, competence, reliability, and cost efficacy of the operations. Forthcoming technologies including smart bearings may assist firms to continuously supervise bearing operations. These drivers are projected to offer alluring opportunities the global bearing marketplace.

The global bearing market is predicted surpass market revenue around US$ 195 billion by 2027 growing at a compound annual growth rate (CAGR) of around 6.85% during period 2020 to 2027.

Report Highlights

  • Asia Pacific is expected to record fastest growing market with majority of market share in 2019.
  • The Industry 4.0 trend is one of the prime drivers which is anticipate to lift sale of bearings as industrial and factory automation gets thrust during years to come
  • Europe emerged as second largest bearing market due to presence of high number of automotive firms in the region
  • Augmented demand for dedicated bearing solutions that cater several industry specific specifications is expected to lift the demand of bearings worldwide
  • Automotive sector accounted for higher market share in 2019 due to upsurge in the global automotive production

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Scope of the Report

A new study on the global bearing market has been published by Precedence Research. It presents a wealth of information on key market dynamics, including the drivers, market trends, and challenges, as well as the structure of the global bearing market. The study offers valuable information about the global bearing market to illustrate how the market would grow during the forecast period 2020-2027. The report provides the value and volume of the global bearing market for the period 2020–2027, considering 2019 as the base year and 2027 as the forecast year. The report includes an elaborate executive summary, along with a snapshot of the growth behavior of various segments and sub-segments included in the scope of the study.

Key indicators of market growth, which include value chain as well as supply chain analyses, and Compound Annual Growth Rate (CAGR), are elucidated in the study in a comprehensive manner. This data can help readers interpret quantitative growth aspects of the global bearing market during the forecast period.

An extensive analysis on business strategies of leading market players is also featured in study on the global bearing market. This can help readers understand principal factors to foresee growth in the global bearing market. In this study, readers can also find specific data on the qualitative and quantitative growth avenues for the global market, which is expected to guide market players in making apt decisions in the future.

The report also delves into the competition landscape of the global bearing market. Key players operating in the global market have been identified, and each one of these has been profiled for their distinguishing business attributes. Company overview, financial standings, recent developments, and SWOT are some of the attributes of players profiled in the global market report.

Some of the noteworthy companies in the bearing market include:

  • SKF
  • The Timken Company
  • Rexnord Corporation
  • MinebeaMitsumi Inc.
  • NSK Ltd
  • Schaeffler AG
  • RBC Bearings Incorporated
  • JTEKT Corporation
  • NTN Bearing Corporation
  • Danaher

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Key Questions Answered in Bearing Market Study

- What are the key factors influencing the bearing market in each region?

- What will be the CAGR of the global bearing market between 2016 and 2027?

- What is the future scope and changing trends in technologies in the global bearing market?

- Which factors will impede the growth of the global bearing market during the forecast period?

- Which are the leading companies in the global bearing market?

- Which region is set to expand at the fastest CAGR during the forecast period?

- What is the volume (Units) of different bearing across all regions during the forecast period?

- Which segment will have the highest revenue globally in 2027 and which segment will expand at the fastest CAGR during the forecast period?

Research Methodology

A unique research methodology has been utilized by precedence research to conduct a comprehensive research on the growth of the global bearing market and arrive at conclusions on the future growth prospects of the market. This research methodology is a combination of primary and secondary research, which helps analysts warrant the accuracy and reliability of the drawn conclusions.

Secondary sources referred to by analysts during the production of the global bearing market report include statistics from company annual reports, SEC filings, company websites, World Bank database, investor presentations, regulatory databases, government publications, and industry white papers. Analysts have also interviewed senior managers, product portfolio managers, CEOs, VPs, and market intelligence managers, who contributed to the production of our study on the market as a primary source.

These primary and secondary sources provided exclusive information during interviews, which serves as a validation from bearing industry leaders. Access to an extensive internal repository and external proprietary databases allows this report to address specific details and questions about the global market with accuracy. The study also uses the top-down approach to assess the numbers for each segment and the bottom-up approach to counter-validate them. This has helped in making precedence research estimates on the future prospects of the global market more reliable and accurate.

Segmentation

By Product Type

  • Plain Bearing
  • Ball Bearing
    • Four-point Contact
    • Self-aligning
    • Deep Groove
    • Angular Contact
    • Others
  • Roller Bearing
  • Others

By Type

  • Mounted Bearing
  • Unmounted Bearing

By Material Type

  • Metal
    • Stainless Steel
    • Chrome Steel
    • Carbon Steel
    • Brass
    • Others
  • Plastic
  • Ceramic

By Distribution Channel Type

  • Offline
  • Online

By Component Type

  • Cages
  • Balls
  • Rollers
  • Rings
  • Others

By Application Type

  • Construction
  • Aerospace
  • Automotive
  • Power Transmission
  • Oil & Gas

By Regional Type

  • North America
    • U.S.
    • Canada
  • Europe
    • U.K.
    • Germany
    • France
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
  • Middle East & Africa
  • Latin America

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Table of Content

Chapter 1. Introduction

1.1. Research Objective
1.2. Scope of the Study
1.3. Definition

Chapter 2. Research Methodology

2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations

Chapter 3. Executive Summary

3.1. Market Snapshot

Chapter 4. Market Variables and Scope

4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis

Chapter 5. Market Dynamics Analysis and Trends

5.1. Market Dynamics
5.1.1. Market Drivers
5.1.2. Market Restraints
5.1.3. Market Opportunities
5.2. Porter’s Five Forces Analysis
5.2.1. Bargaining power of suppliers
5.2.2. Bargaining power of buyers
5.2.3. Threat of substitute
5.2.4. Threat of new entrants
5.2.5. Degree of competition

Chapter 6. Competitive Landscape

6.1.1. Company Market Share/Positioning Analysis
6.1.2. Key Strategies Adopted by Players
6.1.3. Vendor Landscape
6.1.3.1. List of Suppliers
6.1.3.2. List of Buyers

Chapter 7. Global Bearing Market, By Product Type

7.1. Bearing Market, by Product Type, 2020-2027
7.1.1. Plain Bearing
7.1.1.1. Market Revenue and Forecast (2016-2027)
7.1.2. Ball Bearing
7.1.2.1. Market Revenue and Forecast (2016-2027)
7.1.3. Roller Bearing
7.1.3.1. Market Revenue and Forecast (2016-2027)
7.1.4. Other
7.1.4.1. Market Revenue and Forecast (2016-2027)

Chapter 8. Global Bearing Market, By Type

8.1. Bearing Market, by Type, 2020-2027
8.1.1. Mounted Bearing
8.1.1.1. Market Revenue and Forecast (2016-2027)
8.1.2. Unmounted Bearing
8.1.2.1. Market Revenue and Forecast (2016-2027)

Chapter 9. Global Bearing Market, By Material Type

9.1. Bearing Market, by Material Type, 2020-2027
9.1.1. Metal (Stainless Steel, Chrome Steel, Carbon Steel, Brass)
9.1.1.1. Market Revenue and Forecast (2016-2027)
9.1.2. Plastic
9.1.2.1. Market Revenue and Forecast (2016-2027)
9.1.3. Ceramic
9.1.3.1. Market Revenue and Forecast (2016-2027)

Chapter 10. Global Bearing Market, By Component Type

10.1. Bearing Market, by Component Type, 2020-2027
10.1.1. Cages
10.1.1.1. Market Revenue and Forecast (2016-2027)
10.1.2. Balls
10.1.2.1. Market Revenue and Forecast (2016-2027)
10.1.3. Rollers
10.1.3.1. Market Revenue and Forecast (2016-2027)
10.1.4. Rings
10.1.4.1. Market Revenue and Forecast (2016-2027)
10.1.5. Other
10.1.5.1. Market Revenue and Forecast (2016-2027)

Chapter 11. Global Bearing Market, By Distribution Channel

11.1. Bearing Market, by Distribution Channel, 2020-2027
11.1.1. Offline
11.1.1.1. Market Revenue and Forecast (2016-2027)
11.1.2. Online
11.1.2.1. Market Revenue and Forecast (2016-2027)

Chapter 12. Global Bearing Market, By Application

12.1. Bearing Market, by Application Type, 2020-2027
12.1.1. Construction
12.1.1.1. Market Revenue and Forecast (2016-2027)
12.1.2. Aerospace
12.1.2.1. Market Revenue and Forecast (2016-2027)
12.1.3. Automotive
12.1.3.1. Market Revenue and Forecast (2016-2027)
12.1.4. Power Transmission
12.1.4.1. Market Revenue and Forecast (2016-2027)
12.1.5. Oil & Gas
12.1.5.1. Market Revenue and Forecast (2016-2027)

Chapter 13. Global Bearing Market, Regional Estimates and Trend Forecast

13.1. North America
13.1.1. Market Revenue and Forecast, by Product (2016-2027)
13.1.2. Market Revenue and Forecast, by Type (2016-2027)
13.1.3. Market Revenue and Forecast, by Material (2016-2027)
13.1.4. Market Revenue and Forecast, by Component (2016-2027)
13.1.5. Market Revenue and Forecast, by Distribution Channel (2016-2027)
13.1.6. Market Revenue and Forecast, by Application (2016-2027)
13.1.7. U.S.
13.1.7.1. Market Revenue and Forecast, by Product (2016-2027)
13.1.7.2. Market Revenue and Forecast, by Type (2016-2027)
13.1.7.3. Market Revenue and Forecast, by Material (2016-2027)
13.1.7.4. Market Revenue and Forecast, by Component (2016-2027)
13.1.8. Market Revenue and Forecast, by Distribution Channel (2016-2027)
13.1.8.1. Market Revenue and Forecast, by Application (2016-2027)
13.1.9. Rest of North America
13.1.9.1. Market Revenue and Forecast, by Product (2016-2027)
13.1.9.2. Market Revenue and Forecast, by Type (2016-2027)
13.1.9.3. Market Revenue and Forecast, by Material (2016-2027)
13.1.9.4. Market Revenue and Forecast, by Component (2016-2027)
13.1.10. Market Revenue and Forecast, by Distribution Channel (2016-2027)
13.1.11. Market Revenue and Forecast, by Application (2016-2027)
13.2. Europe
13.2.1. Market Revenue and Forecast, by Product (2016-2027)
13.2.2. Market Revenue and Forecast, by Type (2016-2027)
13.2.3. Market Revenue and Forecast, by Material (2016-2027)
13.2.4. Market Revenue and Forecast, by Component (2016-2027)
13.2.5. Market Revenue and Forecast, by Distribution Channel (2016-2027)
13.2.6. Market Revenue and Forecast, by Application (2016-2027)
13.2.8. UK
13.2.8.1. Market Revenue and Forecast, by Product (2016-2027)
13.2.8.2. Market Revenue and Forecast, by Type (2016-2027)
13.2.8.3. Market Revenue and Forecast, by Material (2016-2027)
13.2.9. Market Revenue and Forecast, by Component (2016-2027)
13.2.10. Market Revenue and Forecast, by Distribution Channel (2016-2027)
13.2.10.1. Market Revenue and Forecast, by Application (2016-2027)
13.2.11. Germany
13.2.11.1. Market Revenue and Forecast, by Product (2016-2027)
13.2.11.2. Market Revenue and Forecast, by Type (2016-2027)
13.2.11.3. Market Revenue and Forecast, by Material (2016-2027)
13.2.12. Market Revenue and Forecast, by Component (2016-2027)
13.2.13. Market Revenue and Forecast, by Distribution Channel (2016-2027)
13.2.14. Market Revenue and Forecast, by Application (2016-2027)
13.2.15. France
13.2.15.1. Market Revenue and Forecast, by Product (2016-2027)
13.2.15.2. Market Revenue and Forecast, by Type (2016-2027)
13.2.15.3. Market Revenue and Forecast, by Material (2016-2027)
13.2.15.4. Market Revenue and Forecast, by Component (2016-2027)
13.2.16. Market Revenue and Forecast, by Distribution Channel (2016-2027)
13.2.16.1. Market Revenue and Forecast, by Application (2016-2027)
13.2.17. Rest of Europe
13.2.17.1. Market Revenue and Forecast, by Product (2016-2027)
13.2.17.2. Market Revenue and Forecast, by Type (2016-2027)
13.2.17.3. Market Revenue and Forecast, by Material (2016-2027)
13.2.17.4. Market Revenue and Forecast, by Component (2016-2027)
13.2.18. Market Revenue and Forecast, by Distribution Channel (2016-2027)
13.2.18.1. Market Revenue and Forecast, by Application (2016-2027)
13.3. APAC
13.3.1. Market Revenue and Forecast, by Product (2016-2027)
13.3.2. Market Revenue and Forecast, by Type (2016-2027)
13.3.3. Market Revenue and Forecast, by Material (2016-2027)
13.3.4. Market Revenue and Forecast, by Component (2016-2027)
13.3.5. Market Revenue and Forecast, by Distribution Channel (2016-2027)
13.3.6. Market Revenue and Forecast, by Application (2016-2027)
13.3.7. India
13.3.7.1. Market Revenue and Forecast, by Product (2016-2027)
13.3.7.2. Market Revenue and Forecast, by Type (2016-2027)
13.3.7.3. Market Revenue and Forecast, by Material (2016-2027)
13.3.7.4. Market Revenue and Forecast, by Component (2016-2027)
13.3.8. Market Revenue and Forecast, by Distribution Channel (2016-2027)
13.3.9. Market Revenue and Forecast, by Application (2016-2027)
13.3.10. China
13.3.10.1. Market Revenue and Forecast, by Product (2016-2027)
13.3.10.2. Market Revenue and Forecast, by Type (2016-2027)
13.3.10.3. Market Revenue and Forecast, by Material (2016-2027)
13.3.10.4. Market Revenue and Forecast, by Component (2016-2027)
13.3.11. Market Revenue and Forecast, by Distribution Channel (2016-2027)
13.3.11.1. Market Revenue and Forecast, by Application (2016-2027)
13.3.12. Japan
13.3.12.1. Market Revenue and Forecast, by Product (2016-2027)
13.3.12.2. Market Revenue and Forecast, by Type (2016-2027)
13.3.12.3. Market Revenue and Forecast, by Material (2016-2027)
13.3.12.4. Market Revenue and Forecast, by Component (2016-2027)
13.3.12.5. Market Revenue and Forecast, by Distribution Channel (2016-2027)
13.3.12.6. Market Revenue and Forecast, by Application (2016-2027)
13.3.13. Rest of APAC
13.3.13.1. Market Revenue and Forecast, by Product (2016-2027)
13.3.13.2. Market Revenue and Forecast, by Type (2016-2027)
13.3.13.3. Market Revenue and Forecast, by Material (2016-2027)
13.3.13.4. Market Revenue and Forecast, by Component (2016-2027)
13.3.13.5. Market Revenue and Forecast, by Distribution Channel (2016-2027)
13.3.13.6. Market Revenue and Forecast, by Application (2016-2027)
13.4. MEA
13.4.1. Market Revenue and Forecast, by Product (2016-2027)
13.4.2. Market Revenue and Forecast, by Type (2016-2027)
13.4.3. Market Revenue and Forecast, by Material (2016-2027)
13.4.4. Market Revenue and Forecast, by Component (2016-2027)
13.4.5. Market Revenue and Forecast, by Distribution Channel (2016-2027)
13.4.6. Market Revenue and Forecast, by Application (2016-2027)
13.4.7. GCC
13.4.7.1. Market Revenue and Forecast, by Product (2016-2027)
13.4.7.2. Market Revenue and Forecast, by Type (2016-2027)
13.4.7.3. Market Revenue and Forecast, by Material (2016-2027)
13.4.7.4. Market Revenue and Forecast, by Component (2016-2027)
13.4.8. Market Revenue and Forecast, by Distribution Channel (2016-2027)
13.4.9. Market Revenue and Forecast, by Application (2016-2027)
13.4.10. North Africa
13.4.10.1. Market Revenue and Forecast, by Product (2016-2027)
13.4.10.2. Market Revenue and Forecast, by Type (2016-2027)
13.4.10.3. Market Revenue and Forecast, by Material (2016-2027)
13.4.10.4. Market Revenue and Forecast, by Component (2016-2027)
13.4.11. Market Revenue and Forecast, by Distribution Channel (2016-2027)
13.4.12. Market Revenue and Forecast, by Application (2016-2027)
13.4.13. South Africa
13.4.13.1. Market Revenue and Forecast, by Product (2016-2027)
13.4.13.2. Market Revenue and Forecast, by Type (2016-2027)
13.4.13.3. Market Revenue and Forecast, by Material (2016-2027)
13.4.13.4. Market Revenue and Forecast, by Component (2016-2027)
13.4.13.5. Market Revenue and Forecast, by Distribution Channel (2016-2027)
13.4.13.6. Market Revenue and Forecast, by Application (2016-2027)
13.4.14. Rest of MEA
13.4.14.1. Market Revenue and Forecast, by Product (2016-2027)
13.4.14.2. Market Revenue and Forecast, by Type (2016-2027)
13.4.14.3. Market Revenue and Forecast, by Material (2016-2027)
13.4.14.4. Market Revenue and Forecast, by Component (2016-2027)
13.4.14.5. Market Revenue and Forecast, by Distribution Channel (2016-2027)
13.4.14.6. Market Revenue and Forecast, by Application (2016-2027)
13.5. Latin America
13.5.1. Market Revenue and Forecast, by Product (2016-2027)
13.5.2. Market Revenue and Forecast, by Type (2016-2027)
13.5.3. Market Revenue and Forecast, by Material (2016-2027)
13.5.4. Market Revenue and Forecast, by Component (2016-2027)
13.5.5. Market Revenue and Forecast, by Distribution Channel (2016-2027)
13.5.6. Market Revenue and Forecast, by Application (2016-2027)
13.5.7. Brazil
13.5.7.1. Market Revenue and Forecast, by Product (2016-2027)
13.5.7.2. Market Revenue and Forecast, by Type (2016-2027)
13.5.7.3. Market Revenue and Forecast, by Material (2016-2027)
13.5.7.4. Market Revenue and Forecast, by Component (2016-2027)
13.5.8. Market Revenue and Forecast, by Distribution Channel (2016-2027)
13.5.8.1. Market Revenue and Forecast, by Application (2016-2027)
13.5.9. Rest of LATAM
13.5.9.1. Market Revenue and Forecast, by Product (2016-2027)
13.5.9.2. Market Revenue and Forecast, by Type (2016-2027)
13.5.9.3. Market Revenue and Forecast, by Material (2016-2027)
13.5.9.4. Market Revenue and Forecast, by Component (2016-2027)
13.5.9.5. Market Revenue and Forecast, by Distribution Channel (2016-2027)
13.5.9.6. Market Revenue and Forecast, by Application (2016-2027)

Chapter 14. Company Profiles

14.1. SKF
14.1.1. Company Overview
14.1.2. Product Offerings
14.1.3. Financial Performance
14.1.4. Recent Initiatives
14.2. The Timken Company
14.2.1. Company Overview
14.2.2. Product Offerings
14.2.3. Financial Performance
14.2.4. Recent Initiatives
14.3. Rexnord Corporation
14.3.1. Company Overview
14.3.2. Product Offerings
14.3.3. Financial Performance
14.3.4. Recent Initiatives
14.4. MinebeaMitsumi Inc.
14.4.1. Company Overview
14.4.2. Product Offerings
14.4.3. Financial Performance
14.4.4. Recent Initiatives
14.5. NSK Ltd
14.5.1. Company Overview
14.5.2. Product Offerings
14.5.3. Financial Performance
14.5.4. Recent Initiatives
14.6. Schaeffler AG
14.6.1. Company Overview
14.6.2. Product Offerings
14.6.3. Financial Performance
14.6.4. Recent Initiatives
14.7. RBC Bearings Incorporated
14.7.1. Company Overview
14.7.2. Product Offerings
14.7.3. Financial Performance
14.7.4. Recent Initiatives
14.8. JTEKT Corporation
14.8.1. Company Overview
14.8.2. Product Offerings
14.8.3. Financial Performance
14.8.4. Recent Initiatives
14.9. NTN Bearing Corporation
14.9.1. Company Overview
14.9.2. Product Offerings
14.9.3. Financial Performance
14.9.4. Recent Initiatives
14.10. Danaher
14.10.1. Company Overview
14.10.2. Product Offerings
14.10.3. Financial Performance
14.10.4. Recent Initiatives

Chapter 15. Research Methodology

15.1. Primary Research
15.2. Secondary Research
15.3. Assumptions

Chapter 16. Appendix

16.1. About Us
16.2. Glossary of Terms

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