Bearings Market (By End-use Application (Industrial Heavy Machinery (Construction and Mining, Agriculture), Automotive, Electronics and Electrical, Aerospace, and Other End-use Applications), By Type (Plain Bearings, Ball Bearings, Roller Bearings, and Others) - Growth, Share, Opportunities, Competitive Analysis, and Forecast 2016 - 2023, the global bearings market is expected to expand at a CAGR of 7.3% from 2016 to 2023, exceeding US$ 141.3 Bn by 2023.
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Product Insights:
A bearing is a machine element that is used to enable linear or rotational movement, while handling stress and reducing friction. Bearings enable machines/devices to roll, thereby reducing friction with the surface. Bearings reduce the friction by substituting sliding friction with rolling friction. Thus, they are widely used to provide superior linear motion or rotation around a fixed axis. The global market for bearings is highly matured and is poised to exhibit steady growth during the forecast period 2016 – 2023.
A bearing is a machine element that is used to enable linear or rotational movement, while handling stress and reducing friction. Bearings enable machines/devices to roll, thereby reducing friction with the surface. Bearings reduce the friction by substituting sliding friction with rolling friction. Thus, they are widely used to provide superior linear motion or rotation around a fixed axis. The global market for bearings is highly matured and is poised to exhibit steady growth during the forecast period 2016 – 2023.
Competitive Insights:
The global bearings market is matured and concentrated. The top four bearing manufacturers account for the lions share in the global market. GE SKF Group, NSK Ltd., The Timken Company, Schaeffler Technologies GmbH & Co. KG, and NTN Corporation are identified as the leading bearings manufacturers worldwide. Other manufacturers including Minebea Co. Ltd., Spyraflo, Inc., JTKET Corporation, Federal Mogul Corp., Brammer Plc, HKT Bearings Ltd., C&U Group Company Limited, and NBI Bearings Europe, S.A. among others have been marked as promising and emerging players in the global bearings market. The global market for bearings is price competitive. This has resulted in price wars, and is consequently leading to profit crunching. The innovations in the market are primarily directed towards the development of new materials (ex-silicon nitride ceramics). In addition, focus on developing efficient and application specific bearings is the prime strategy adopted by manufacturers in the market.
The global bearings market is matured and concentrated. The top four bearing manufacturers account for the lions share in the global market. GE SKF Group, NSK Ltd., The Timken Company, Schaeffler Technologies GmbH & Co. KG, and NTN Corporation are identified as the leading bearings manufacturers worldwide. Other manufacturers including Minebea Co. Ltd., Spyraflo, Inc., JTKET Corporation, Federal Mogul Corp., Brammer Plc, HKT Bearings Ltd., C&U Group Company Limited, and NBI Bearings Europe, S.A. among others have been marked as promising and emerging players in the global bearings market. The global market for bearings is price competitive. This has resulted in price wars, and is consequently leading to profit crunching. The innovations in the market are primarily directed towards the development of new materials (ex-silicon nitride ceramics). In addition, focus on developing efficient and application specific bearings is the prime strategy adopted by manufacturers in the market.
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Key Trends:
• Revival of the construction industry post economic slowdown
• Increased Industrial Production and Agricultural Mechanization
• Increasing us of high performance raw materials such as silicon nitride ceramics
• Growing use of light weight bearings in automotive applications
• Growing use of hybrid bearings in aerospace applications
• Revival of the construction industry post economic slowdown
• Increased Industrial Production and Agricultural Mechanization
• Increasing us of high performance raw materials such as silicon nitride ceramics
• Growing use of light weight bearings in automotive applications
• Growing use of hybrid bearings in aerospace applications
1. Preface
1.1. Report Scope and Description
1.2. Research Methodology
1.2.1. Phase I-Secondary Research
1.2.2. Phase II-Primary Research
1.2.3. Phase II-Expert Panel Review
1.2.4. Assumptions
1.2.5. Approach Adopted
1.1. Report Scope and Description
1.2. Research Methodology
1.2.1. Phase I-Secondary Research
1.2.2. Phase II-Primary Research
1.2.3. Phase II-Expert Panel Review
1.2.4. Assumptions
1.2.5. Approach Adopted
2. Executive Summary
2.1. Global Bearings Market Snapshot
2.1. Global Bearings Market Snapshot
3. Global Bearings Market Analysis
3.1. Global Bearings Market Overview
3.2. Market Inclination Insights
3.2.1. Recent Trends
3.2.2. Future Outlook
3.3. Market Dynamics
3.3.1. Market Drivers
3.3.2. Market Challenges
3.3.3. Opportunity Matrix
3.4. See-Saw Analysis
3.5. Attractive Investment Proposition
3.6. Market Positioning of Key Industry Participants
3.6.1. Major Strategies Adopted
3.6.2. Analyst Recommendations
3.1. Global Bearings Market Overview
3.2. Market Inclination Insights
3.2.1. Recent Trends
3.2.2. Future Outlook
3.3. Market Dynamics
3.3.1. Market Drivers
3.3.2. Market Challenges
3.3.3. Opportunity Matrix
3.4. See-Saw Analysis
3.5. Attractive Investment Proposition
3.6. Market Positioning of Key Industry Participants
3.6.1. Major Strategies Adopted
3.6.2. Analyst Recommendations
4. Global Bearings Market Revenue, By Type, 2014 – 2023 (US$ Bn)
4.1. Tornado Analysis
4.2. Plain Bearings
4.3. Ball Bearings
4.4. Roller Bearings
4.5. Others
4.1. Tornado Analysis
4.2. Plain Bearings
4.3. Ball Bearings
4.4. Roller Bearings
4.5. Others
5. Global Bearings Market Revenue, By End-use Application, 2014 – 2023 (US$ Bn)
5.1. Tornado Analysis
5.2. Industrial Heavy machinery
5.2.1. Construction and Mining
5.2.2. Agriculture
5.3. Automotive
5.4. Electrical and Electronics
5.5. Aerospace
5.6. Others
5.1. Tornado Analysis
5.2. Industrial Heavy machinery
5.2.1. Construction and Mining
5.2.2. Agriculture
5.3. Automotive
5.4. Electrical and Electronics
5.5. Aerospace
5.6. Others
6. North America Bearings Market Analysis, 2014 – 2023 (US$ Bn)
6.1. North America Bearings Market Revenue, By Type, 2014 – 2023 (US$ Bn)
6.1.1. Plain Bearings
6.1.2. Ball Bearings
6.1.3. Roller Bearings
6.1.4. Others
6.2. North America Bearings Market Revenue, By End-use Application, 2014 – 2023 (US$ Bn)
6.2.1. Industrial Heavy machinery
6.2.1.1. Construction and Mining
6.2.1.2. Agriculture
6.2.2. Automotive
6.2.3. Electrical and Electronics
6.2.4. Aerospace
6.2.5. Others
6.3. North America Bearings Market Revenue, By Country, 2014 – 2023 (US$ Bn)
6.3.1. U.S.
6.3.1.1. U.S. Bearings Market Revenue, By Type, 2014 – 2023 (US$ Bn)
6.3.1.2. U.S. Bearings Market Revenue, By End-use Application, 2014 – 2023 (US$ Bn)
6.3.2. Canada
6.3.2.1. Canada Bearings Market Revenue, By Type, 2014 – 2023 (US$ Bn)
6.3.2.2. Canada Bearings Market Revenue, By End-use Application, 2014 – 2023 (US$ Bn)
6.1. North America Bearings Market Revenue, By Type, 2014 – 2023 (US$ Bn)
6.1.1. Plain Bearings
6.1.2. Ball Bearings
6.1.3. Roller Bearings
6.1.4. Others
6.2. North America Bearings Market Revenue, By End-use Application, 2014 – 2023 (US$ Bn)
6.2.1. Industrial Heavy machinery
6.2.1.1. Construction and Mining
6.2.1.2. Agriculture
6.2.2. Automotive
6.2.3. Electrical and Electronics
6.2.4. Aerospace
6.2.5. Others
6.3. North America Bearings Market Revenue, By Country, 2014 – 2023 (US$ Bn)
6.3.1. U.S.
6.3.1.1. U.S. Bearings Market Revenue, By Type, 2014 – 2023 (US$ Bn)
6.3.1.2. U.S. Bearings Market Revenue, By End-use Application, 2014 – 2023 (US$ Bn)
6.3.2. Canada
6.3.2.1. Canada Bearings Market Revenue, By Type, 2014 – 2023 (US$ Bn)
6.3.2.2. Canada Bearings Market Revenue, By End-use Application, 2014 – 2023 (US$ Bn)
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7. Europe Bearings Market Analysis, 2014 – 2023 (US$ Bn)
7.1. Europe Bearings Market Revenue, By Type, 2014 – 2023 (US$ Bn)
7.1.1. Plain Bearings
7.1.2. Ball Bearings
7.1.3. Roller Bearings
7.1.4. Others
7.2. Europe Bearings Market Revenue, By End-use Application, 2014 – 2023 (US$ Bn)
7.2.1. Industrial Heavy machinery
7.2.1.1. Construction and Mining
7.2.1.2. Agriculture
7.2.2. Automotive
7.2.3. Electrical and Electronics
7.2.4. Aerospace
7.2.5. Others
7.3. Europe Bearings Market Revenue, By Region, 2014 – 2023 (US$ Bn)
7.3.1. U.K.
7.3.1.1. U.K. Bearings Market Revenue, By Type, 2014 – 2023 (US$ Bn)
7.3.1.2. U.K. Bearings Market Revenue, By End-use Application, 2014 – 2023 (US$ Bn)
7.3.2. Germany
7.3.2.1. Germany Bearings Market Revenue, By Type, 2014 – 2023 (US$ Bn)
7.3.2.2. Germany Bearings Market Revenue, By End-use Application, 2014 – 2023 (US$ Bn)
7.3.3. France
7.3.3.1. France Bearings Market Revenue, By Type, 2014 – 2023 (US$ Bn)
7.3.3.2. France Bearings Market Revenue, By End-use Application, 2014 – 2023 (US$ Bn)
7.3.4. Rest of Europe
7.1. Europe Bearings Market Revenue, By Type, 2014 – 2023 (US$ Bn)
7.1.1. Plain Bearings
7.1.2. Ball Bearings
7.1.3. Roller Bearings
7.1.4. Others
7.2. Europe Bearings Market Revenue, By End-use Application, 2014 – 2023 (US$ Bn)
7.2.1. Industrial Heavy machinery
7.2.1.1. Construction and Mining
7.2.1.2. Agriculture
7.2.2. Automotive
7.2.3. Electrical and Electronics
7.2.4. Aerospace
7.2.5. Others
7.3. Europe Bearings Market Revenue, By Region, 2014 – 2023 (US$ Bn)
7.3.1. U.K.
7.3.1.1. U.K. Bearings Market Revenue, By Type, 2014 – 2023 (US$ Bn)
7.3.1.2. U.K. Bearings Market Revenue, By End-use Application, 2014 – 2023 (US$ Bn)
7.3.2. Germany
7.3.2.1. Germany Bearings Market Revenue, By Type, 2014 – 2023 (US$ Bn)
7.3.2.2. Germany Bearings Market Revenue, By End-use Application, 2014 – 2023 (US$ Bn)
7.3.3. France
7.3.3.1. France Bearings Market Revenue, By Type, 2014 – 2023 (US$ Bn)
7.3.3.2. France Bearings Market Revenue, By End-use Application, 2014 – 2023 (US$ Bn)
7.3.4. Rest of Europe
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