As vehicle sales continue to increase and the adoption of electric and connected vehicles increases, the demand for bearings mainly for production and related accessories will increase. Passenger cars, on average, use at least 35 bearings, which vary greatly depending on the vehicle model and widespread technology. In addition, the introduction of advanced high-capacity wheel bearings combined with improved lubrication performance will drive the market expansion.
The growing demand for special bearing solutions to meet industry-specific requirements such as gas meters, flight assistance systems and medical imaging equipment will drive significant growth potential.
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The key bearings market participants include SKF, Brammer PLC, Daido Metal Company Limited, C&U Group Company Limited, Harbin Bearing Manufacturing Co. Ltd., JTEKT Corporation, HKT Bearings Ltd, Luoyang LYC Bearing Company Limited, NBI Bearings Europe, Minebea Company Limited, NSK Global, RBC Bearings Inc., NTN Corporation, Rexnord Corporation, The Timken Company, and Schaeffler Group.
Market, By Product
- Ball Bearings
- Deep Groove Bearings
- Other
- Roller Bearings
- Split
- Tapered
- Others
- Others
Market, By Application
- Automotive
- Agriculture
- Electrical
- Mining & construction
- Railway & aerospace
- Automotive aftermarket
- Others
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Scope of the Report
The research study analyzes the global Bearings industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:
Recent Developments
o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment
Geographic Coverage
o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume
Key Questions Answered by Bearings Market Report
1. What was the Bearings Market size in 2018 and 2019; what are the estimated growth trends and market forecast (2021-2027).
- What will be the CAGR of Bearings Market during the forecast period (2021-2027)?
3. Which segments (product type/applications/end-user) were most attractive for investments in 2018? How these segments are expected to grow during the forecast period (2021-2027).
4. Which manufacturer/vendor/players in the Bearings Market was the market leader in 2018?
5. Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.
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