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Global Bearings Market is Projected to Generate More than USD 110 Million in Revenue by 2024

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your catalystto a lucrative business

Your CatalystTo a Lucrative Business

Bearings Market Analysis, Share, Size, Growth, Trends and

Forecast to 2024 | Hexa Research

“Projected to grow at a CAGR of around 7%, the

bearings market is to witness a significant growth

over the forecast period owing to increasing use of

this mechanical component for smooth and proper

functioning of machineries and vehicles.”

The Bearings Market is primarily driven by process industries and their need to conserve energy. It is projected to

generate more than USD 110 million in revenue by 2024. Technological advances and demand from oil & gas,

automotive, and construction industries will lead to market growth. The fluctuating prices of steel pose a challenge for

the market.

The worldwide market is segmented according to products, applications, and regions. Products encompass ball bearings,

roller bearings, and others. Tapered and split bearings are 2 types of roller bearings. ‘Others’ consist of thrust, angular

contact, and self-aligning ball bearings.

Ball bearings are predicted to lead the bearings market over the forecast period (2016-2024) due to its ability to reduce

friction between different machine components. Deep groove bearings are simple in design and used in radial loads.

They are estimated to garner huge growth in the next six years on account of being low-maintenance. Split roller

bearings are used in shafts and other hard to reach locations.

Browse Details of Report@

https://www.hexaresearch.com/research-report/global-bearing-market

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Electronics, agriculture equipment & machinery, mining & construction equipment, railway & aerospace, and

automotive constitute as major market applications. Demand for automotive components will trigger market demand

over the next six years. Railway & aerospace sector will experience a similar growth rate on account of increasing

dependency by the normal public to use these transportation modes to commute.

Regions covered under the market are North America, Latin America, Asia Pacific, MEA (Middle East & Africa), and

Europe. Asia Pacific reigned over the bearings market in 2015 owing to infrastructural projects and rapid

industrialization. The market will gain major demand from Western Europe, the U.S., and Japan; due to these countries

adopting the latest technologies.

The market is highly competitive in nature. Timken, SKF, NTN Corporation, Schaeffler Group, and NSK Global are some of

the top players operating in the bearings market. They are primarily targeting applications in which engineering and

manufacturing processes give them an edge over their competition.

Companies are also investing in technology based on recent trends like wind energy. Bearings used in wind turbines will

see a development creating new avenues for the market.

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Electric Motorcycles and Scooters Market: - Electric motorcycles and scooters are also known as electric

power two wheelers, E-bike, E-motorcycle, E-scooters or e-PWT market is predicted to have continuous

growth shortly.

Wiper System Market: - Wiper Systems market is expected to witness substantial growth over the forecast

period on account of the steady increase in the production of automobiles in the developing countries

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Table of Content of Bearings Market

Chapter 1 Methodology and Scope

1.1 Research Methodology

1.1.1 Initial data exploration

1.1.2 Statistical modeling and forecast

1.1.3 Industry insights and validation

1.2 List of Data Sources

Chapter 2 Executive Summary

2.1 Bearings market snapshot, 2016 - 2024

Chapter 3 Bearings Industry Insights

3.1 Market segmentation

3.2 Market size and growth prospects

3.3 Bearings value chain analysis

3.4 Bearings market dynamics

3.4.1 Growth drivers

3.4.2 Industry pitfalls & challenges

3.5 Key growth opportunities

3.6 Porter’s analysis

3.7 Company market share analysis, 2016

3.8 PESTEL analysis

Chapter 4 Bearings Market Product Insights

4.1 Global bearings market share by product, 2016 & 2024

4.2 Ball Bearings

4.2.1 Global ball bearings demand, by region, 2016 - 2024

4.2.1.1 Global deep groove ball bearings (DGBB) demand, by region, 2016 - 2024

4.2.1.2 Global other ball bearings demand, by region, 2016 - 2024

4.3 Roller Bearings

4.3.1 Global roller bearings demand, by region, 2016 - 2024

4.3.1.1 Global split roller bearings (SRB) demand by region, 2016 - 2024

4.3.1.2 Global tapered roller bearings (TRB) demand by region, 2016 - 2024

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4.3.1.3 Global other roller bearings demand, by region, 2016 - 2024

Chapter 5 Bearings Application Insights

5.1 Bearings market share by application, 2016 & 2024

5.2 Automotive

5.2.1 Global automotive bearings demand, by region, 2016 - 2024

5.3 Agriculture

5.3.1 Global agriculture bearings demand, by region, 2016 - 2024

5.4 Electrical

5.4.1 Global electrical bearings demand, by region, 2016 - 2024

5.5 Mining & Construction

5.5.1 Global mining & construction bearings demand, by region, 2016 - 2024

5.6 Railway & Aerospace

5.6.1 Global railway & aerospace bearings demand, by region, 2016 - 2024

5.7 Automotive Aftermarket

5.7.1 Global automotive aftermarket bearings demand, by region, 2016 - 2024

5.8 Other

5.8.1 Global bearings demand in other applications, by region, 2016 - 2024

Chapter 6 Bearings Market Regional Insights

6.1 Global bearings market share by region, 2016 & 2022

6.2 North America

6.2.1 North America bearings market by product, 2016 - 2024

6.2.1.1 North America ball bearings market by product, 2016 - 2024

6.2.1.2 North America roller bearings market by product, 2016 - 2024

6.2.2 North America bearings market by application, 2016 - 2024

6.2.3 U.S.

6.2.3.1 U.S. bearings market by product, 2016 - 2024

6.2.3.1.1 U.S. ball bearings market by product, 2016 - 2024

6.2.3.1.2 U.S. roller bearings market by product, 2016 - 2024

6.2.3.2 U.S. bearings market by application, 2016 - 2024

6.2.4 Canada

6.2.4.1 Canada bearings market by product, 2016 - 2024

6.2.4.1.1 Canada ball bearings market by product, 2016 - 2024

6.2.4.1.2 Canada roller bearings market by product, 2016 - 2024

6.2.4.2 Canada bearings market by application, 2016 - 2024

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6.3 Europe

6.3.1 Europe bearings market by product, 2016 - 2024

6.3.1.1 Europe ball bearings market by product, 2016 - 2024

6.3.1.2 Europe roller bearings market by product, 2016 - 2024

6.3.2 Europe bearings market by application, 2016 - 2024

6.3.3 France

6.3.3.1 France bearings market by product, 2016 - 2024

6.3.3.1.1 France ball bearings market by product, 2016 - 2024

6.3.3.1.2 France roller bearings market by product, 2016 - 2024

6.3.3.2 France bearings market by application, 2016 - 2024

6.3.4 Germany

6.3.4.1 Germany bearings market by product, 2016 - 2024

6.3.4.1.1 Germany ball bearings market by product, 2016 - 2024

6.3.4.1.2 Germany roller bearings market by product, 2016 - 2024

6.3.4.2 Germany bearings market by application, 2016 - 2024

6.3.5 UK

6.3.5.1 UK bearings market by product, 2016 - 2024

6.3.5.1.1 UK ball bearings market by product, 2016 - 2024

6.3.5.1.2 UK roller bearings market by product, 2016 - 2024

6.3.5.2 UK bearings market by application, 2016 - 2024

6.3.6 Italy

6.3.6.1 Italy bearings market by product, 2016 - 2024

6.3.6.1.1 Italy ball bearings market by product, 2016 - 2024

6.3.6.1.2 Italy roller bearings market by product, 2016 - 2024

6.3.6.2 Italy bearings market by application, 2016 - 2024

6.3.7 Eastern Europe

6.3.7.1 Eastern Europe bearings market by product, 2016 - 2024

6.3.7.1.1 Eastern Europe ball bearings market by product, 2016 - 2024

6.3.7.1.2 Eastern Europe roller bearings market by product, 2016 - 2024

6.3.7.2 Eastern Europe bearings market by application, 2016 - 2024

6.4 Asia Pacific

6.4.1 Asia Pacific bearings market by product, 2016 - 2024

6.4.1.1 Asia Pacific ball bearings market by product, 2016 - 2024

6.4.1.2 Asia Pacific roller bearings market by product, 2016 - 2024

6.4.2 Asia Pacific bearings market by application, 2016 - 2024

6.4.3 China

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6.4.3.1 China bearings market by product, 2016 - 2024

6.4.3.1.1 China ball bearings market by product, 2016 - 2024

6.4.3.1.2 China roller bearings market by product, 2016 - 2024

6.4.3.2 China bearings market by application, 2016 - 2024

6.4.4 Japan

6.4.4.1 Japan bearings market by product, 2016 - 2024

6.4.4.1.1 Japan ball bearings market by product, 2016 - 2024

6.4.4.1.2 Japan roller bearings market by product, 2016 - 2024

6.4.4.2 Japan bearings market by application, 2016 - 2024

6.4.5 India

6.4.5.1 India bearings market by product, 2016 - 2024

6.4.5.1.1 India ball bearings market by product, 2016 - 2024

6.4.5.1.2 India roller bearings market by product, 2016 - 2024

6.4.5.2 India bearings market by application, 2016 - 2024

6.5 Latin America

6.5.1 Latin America bearings market by product, 2016 - 2024

6.5.1.1 Latin America ball bearings market by product, 2016 - 2024

6.5.1.2 Latin America roller bearings market by product, 2016 - 2024

6.5.2 Latin America bearings market by application, 2016 - 2024

6.5.3 Mexico

6.5.3.1 Mexico bearings market by product, 2016 - 2024

6.5.3.1.1 Mexico ball bearings market by product, 2016 - 2024

6.5.3.1.2 Mexico roller bearings market by product, 2016 - 2024

6.5.3.2 Mexico bearings market by application, 2016 - 2024

6.5.4 Brazil

6.5.4.1 Brazil bearings market by product, 2016 - 2024

6.5.4.1.1 Brazil ball bearings market by product, 2016 - 2024

6.5.4.1.2 Brazil roller bearings market by product, 2016 - 2024

6.5.4.2 Brazil bearings market by application, 2016 - 2024

6.6 MEA

6.6.1 MEA bearings market by product, 2016 - 2024

6.6.1.1 MEA ball bearings market by product, 2016 - 2024

6.6.1.2 MEA roller bearings market by product, 2016 - 2024

6.6.2 MEA bearings market by application, 2016 - 2024

Chapter 7 Competitive Insights

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7.1 Brammer PLC

7.2 C&U Group Company Limited

7.3 Daido Metal Company Limited

7.4 Harbin Bearing Manufacturing Co., Ltd.

7.5 HKT Bearings Ltd.

7.6 JTEKT Corporation

7.7 Luoyang LYC Bearing Company Limited

7.8 Minebea Company Limited

7.9 NBI Bearings Europe

7.10 NSK Global

7.11 NTN Corporation

7.12 RBC Bearings Inc.

7.13 Rexnord Corporation

7.14 Schaeffler Group

7.15 SKF

7.16 The Timken Company

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About Us:

Hexa Research is a market research and consulting organization, offering industry reports, custom research

and consulting services to a host of key industries across the globe. We offer comprehensive business

intelligence in the form of industry reports which help our clients obtain clarity about their business

environment and enable them to undertake strategic growth initiatives.

Contact Us:

Ryan Shaw

Hexa Research

Felton Office Plaza

6265 Highway 9

Felton, California 95018

United States

Phone: +1-800-489-3075

Email: sales@hexaresearch.com

Website - http://www.hexaresearch.com/

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