Bearings Market by Product and Application - Global Industry Analysis and Forecast to 2022

2018-05-30 / 3800.00 / Equipment / 150 Pages

Description

Industry Trend Analysis

In 2012, the global bearings market was valued around USD 33.00 billion and is anticipated to reach approximately USD 69.15 billion while maintaining a compound annual growth rate (CAGR) of 6.89% during the forecast period owing to the growing manufacturing of heavy machinery. Moreover, the rising use of high capacity bearings in the manufacturing of wind turbines is expected to boost demand during the forecast years. Wind turbines use these products to improve turbine performance & reliability, reduce consumption of lubricant, and boost the production of energy. Technological innovations in seal technologies, lubrication technology, and the utilization of materials which are light in weight for producing high-performance products, are generating massive opportunities for players in the global market. Incorporation of electro-mechanical features into the bearings assists in reductions in cost and size and performance enhancement. The rise in the high-performance bearings demand has directed manufacturers to incorporate superior sensor units in the products. It helps in the digital supervising of rotation speed, deceleration, acceleration, load carrying capacity, and axial movement of the bearings.



Product Outlook and Trend Analysis

Bearings are widely segmented as roller and ball types. Ball bearings have lesser surface contacts, hence operate effortlessly, thus cutting down the friction. Ball bearings may also be employed with radial and thrust loadings, due to which, they are widely utilized in both four and two-wheeled vehicles. In the year 2015, ball bearings ruled the product section; though the roller type is anticipated to appear as the leading segment during the forecast years, as these products sustain axial and radial loads, cut down rotational friction, and as compared to ball bearings, they can support limited axial loads and heavy radial loads. The wide implementation of roller bearings by several industries, counting automobiles, home appliances, the aerospace, and capital equipment industry, is anticipated to impact the demand for product positively.

Application Outlook and Trend Analysis

In 2015, the automotive section ruled the global market. The expansion in the automotive production, around the world, is expected to drive their demand. The increasing demand for technologically advanced solutions integrated vehicles is resulting in a boost in vehicle production that demands instrumented products. Though, the aerospace & railway section is expected to be responsible for the fastest growing market, due to the attributed rise in a number of commuters traveling through public transportation. The accessibility of enhanced ways to aid local and worldwide transportation systems also presents market growth opportunities. Also, the demand in the railway sector is rising owing to the rapid construction of the railway in the developing nations.

Regional Outlook and Trend Analysis

Asia Pacific regional market is estimated to experience the fastest growth in sales by the end of 2022. China is among the key markets for sales of bearings in this region. The growth of the region is anticipated to rise during the approaching years; the growth is encouraged by the rapid growth of motor vehicle and machinery production, along with a robust aftermarket for motor vehicle repair and industrial equipment. Furthermore, the strong construction and mining equipment industry in India is expected to assist the growth of the global market. In the developed markets of Japan, Western Europe, and the United States, the demand is propelled by a strong rigid investment environment and the rebounding manufacturing of motor vehicles. In the African and Middle Eastern regions, the speedy expansion of urban infrastructures is regulating the global market growth.

Competitive Outlook and Trend Analysis

The major market players in the global bearings market include Schaeffler Group, NTN Corporation, SKF Group, NSK Global, JTEKT Corporation, and Timken. The market players are increasingly concentrating on research and development projects to produce application precise bearings and enhance their efficiency. Extreme competition has directed producers to spend more for product improvement to fulfill requirements of customers efficiently. For example, NTN Corporation has formulated high-speed deep groove ball bearing that is a grease lubrication type with superior rotational speed.

The global bearings market is segmented as follows :

By Product


Ball Bearings



Deep Groove bearings
Others



Roller Bearings



Split bearings
Tapered bearings
Others



Others


By Application


Automotive
Agriculture
Electrical
Mining & construction
Railway & Aerospace
Automotive Aftermarket
Others


By Region


North America



U.S
Canada
Mexico



Europe



Germany
France
UK
Italy
Spain
Rest of Europe



Asia-Pacific



Japan
China
Australia
India
South Korea
Rest of Asia Pacific



Rest of the World



Brazil
South Africa
Saudi Arabia
United Arab Emirates
Others


Some of the key questions answered by the report are:


What was the market size in 2012 and forecast from 2013 to 2022`
What will be the industry market growth from 2013 to 2022`
What are the major drivers, restraints, opportunities, challenges, and industry trends and their impact on the market forecast`
What are the major segments leading the market growth and why`
Which are the leading players in the market and what are the major strategies adopted by them to sustain the market competition`

Table of Content

Table of Contents
1. Introduction
1.1. Report Description
1.2. Research Methodology
2. Executive Summary
2.1. Key Highlights
3. Market Overview
3.1. Introduction
3.1.1. Market Definition
3.1.2. Market Segmentation
3.2. Market Dynamics
3.2.1. Drivers
3.2.1.1. Rising Application Of High Capacity Bearings In Wind Turbines
3.2.1.2. Growing Demand for Bearing in Energy-Efficient Vehicles
3.2.2. Restraints
3.2.2.1. High Cost Of Raw Materials
3.2.2.2. Counterfeit Products
3.2.3. Opportunities
3.2.3.1. Emerging Markets to Offer Lucrative Growth Opportunities
4. Bearings Market, By Product
4.1. Introduction
4.2. Bearings Market Assessment and Forecast, By Product, 2012-2022
4.3. Ball Bearings
4.3.1. Market Assessment and Forecast, By Type, 2012-2022 ($Million)
4.3.2. Market Assessment and Forecast, By Region, 2012-2022 ($Million)
4.3.3. Deep Grove Bearings
4.3.3.1. Market Assessment and Forecast, By Region, 2012-2022 ($Million)
4.3.4. Other Types
4.3.4.1. Market Assessment and Forecast, By Region, 2012-2022 ($Million)
4.4. Roller Bearings
4.4.1. Market Assessment and Forecast, By Type, 2012-2022 ($Million)
4.4.2. Market Assessment and Forecast, By Region, 2012-2022 ($Million)
4.4.3. Split Bearings
4.4.3.1. Market Assessment and Forecast, By Region, 2012-2022 ($Million)
4.4.4. Tapered Bearings
4.4.4.1. Market Assessment and Forecast, By Region, 2012-2022 ($Million)
4.4.5. Other Types
4.4.5.1. Market Assessment and Forecast, By Region, 2012-2022 ($Million)
4.5. Other Product Types
4.5.1. Market Assessment and Forecast, By Region, 2012-2022 ($Million)
5. Bearings Market, By Application
5.1. Introduction
5.2. The Bearings Market Assessment and Forecast, By Application, 2012-2022
5.3. Automotive
5.3.1. Market Assessment and Forecast, By Region, 2012-2022 ($Million)
5.4. Agriculture
5.4.1. Market Assessment and Forecast, By Region, 2012-2022 ($Million)
5.5. Electrical
5.5.1. Market Assessment and Forecast, By Region, 2012-2022 ($Million)
5.6. Mining and Construction
5.6.1. Market Assessment and Forecast, By Region, 2012-2022 ($Million)
5.7. Railway and Aerospace
5.7.1. Market Assessment and Forecast, By Region, 2012-2022 ($Million)
5.8. Automotive Aftermarket
5.8.1. Market Assessment and Forecast, By Region, 2012-2022 ($Million)
5.9. Other Application
5.9.1. Market Assessment and Forecast, By Region, 2012-2022 ($Million)
6. Bearings Market, By Region
6.1. Introduction
6.2. Bearings Market Assessment and Forecast, By Product, 2012-2022 ($Million)
6.3. Bearings Market Assessment and Forecast, By Application , 2012-2022 ($Million)
6.4. North America
6.4.1. Market Assessment and Forecast, By Country, 2012-2022 ($Million)
6.4.2. Market Assessment and Forecast, By Product, 2012-2022 ($Million)
6.4.3. Market Assessment and Forecast, By Application, 2012-2022 ($Million)
6.4.4. U.S.
6.4.4.1. Market Assessment and Forecast, By Product, 2012-2022 ($Million)
6.4.4.2. Market Assessment and Forecast, By Application, 2012-2022 ($Million)
6.4.5. Canada
6.4.5.1. Market Assessment and Forecast, By Product, 2012-2022 ($Million)
6.4.5.2. Market Assessment and Forecast, By Application, 2012-2022 ($Million)
6.4.6. Mexico
6.4.6.1. Market Assessment and Forecast, By Product, 2012-2022 ($Million)
6.4.6.2. Market Assessment and Forecast, By Application, 2012-2022 ($Million)
6.5. Europe
6.5.1. Market Assessment and Forecast, By Country, 2012-2022 ($Million)
6.5.2. Market Assessment and Forecast, By Product, 2012-2022 ($Million)
6.5.3. Market Assessment and Forecast, By Application, 2012-2022 ($Million)
6.5.4. Germany
6.5.4.1. Market Assessment and Forecast, By Product, 2012-2022 ($Million)
6.5.4.2. Market Assessment and Forecast, By Application, 2012-2022 ($Million)
6.5.5. France
6.5.5.1. Market Assessment and Forecast, By Product, 2012-2022 ($Million)
6.5.5.2. Market Assessment and Forecast, By Application, 2012-2022 ($Million)
6.5.6. UK
6.5.6.1. Market Assessment and Forecast, By Product, 2012-2022 ($Million)
6.5.6.2. Market Assessment and Forecast, By Application, 2012-2022 ($Million)
6.5.7. Italy
6.5.7.1. Market Assessment and Forecast, By Product, 2012-2022 ($Million)
6.5.7.2. Market Assessment and Forecast, By Application, 2012-2022 ($Million)
6.5.8. Spain
6.5.8.1. Market Assessment and Forecast, By Product, 2012-2022 ($Million)
6.5.8.2. Market Assessment and Forecast, By Application, 2012-2022 ($Million)
6.5.9. Rest of Europe
6.5.9.1. Market Assessment and Forecast, By Product, 2012-2022 ($Million)
6.5.9.2. Market Assessment and Forecast, By Application, 2012-2022 ($Million)
6.6. Asia-Pacific
6.6.1. Market Assessment and Forecast, By Country, 2012-2022 ($Million)
6.6.2. Market Assessment and Forecast, By Product, 2012-2022 ($Million)
6.6.3. Market Assessment and Forecast, By Application, 2012-2022 ($Million)
6.6.4. Japan
6.6.4.1. Market Assessment and Forecast, By Product, 2012-2022 ($Million)
6.6.4.2. Market Assessment and Forecast, By Application, 2012-2022 ($Million)
6.6.5. China
6.6.5.1. Market Assessment and Forecast, By Product, 2012-2022 ($Million)
6.6.5.2. Market Assessment and Forecast, By Application, 2012-2022 ($Million)
6.6.6. Australia
6.6.6.1. Market Assessment and Forecast, By Product, 2012-2022 ($Million)
6.6.6.2. Market Assessment and Forecast, By Application, 2012-2022 ($Million)
6.6.7. India
6.6.7.1. Market Assessment and Forecast, By Product, 2012-2022 ($Million)
6.6.7.2. Market Assessment and Forecast, By Application, 2012-2022 ($Million)
6.6.8. South Korea
6.6.8.1. Market Assessment and Forecast, By Product, 2012-2022 ($Million)
6.6.8.2. Market Assessment and Forecast, By Application, 2012-2022 ($Million)
6.6.9. Rest of Asia-Pacific
6.6.9.1. Market Assessment and Forecast, By Product, 2012-2022 ($Million)
6.6.9.2. Market Assessment and Forecast, By Application, 2012-2022 ($Million)
6.7. Rest of the World
6.7.1. Market Assessment and Forecast, By Country, 2012-2022 ($Million)
6.7.2. Market Assessment and Forecast, By Product, 2012-2022 ($Million)
6.7.3. Market Assessment and Forecast, By Application, 2012-2022 ($Million)
6.7.4. Brazil
6.7.4.1. Market Assessment and Forecast, By Product, 2012-2022 ($Million)
6.7.4.2. Market Assessment and Forecast, By Application, 2012-2022 ($Million)
6.7.5. Turkey
6.7.5.1. Market Assessment and Forecast, By Product, 2012-2022 ($Million)
6.7.5.2. Market Assessment and Forecast, By Application, 2012-2022 ($Million)
6.7.6. Saudi Arabia
6.7.6.1. Market Assessment and Forecast, By Product, 2012-2022 ($Million)
6.7.6.2. Market Assessment and Forecast, By Application, 2012-2022 ($Million)
6.7.7. South Africa
6.7.7.1. Market Assessment and Forecast, By Product, 2012-2022 ($Million)
6.7.7.2. Market Assessment and Forecast, By Application, 2012-2022 ($Million)
6.7.8. United Arab Emirates
6.7.8.1. Market Assessment and Forecast, By Product, 2012-2022 ($Million)
6.7.8.2. Market Assessment and Forecast, By Application, 2012-2022 ($Million)
6.7.9. Others
6.7.9.1. Market Assessment and Forecast, By Product, 2012-2022 ($Million)
6.7.9.2. Market Assessment and Forecast, By Application, 2012-2022 ($Million)
7. Company Profiles
7.1. Brammer PLC
7.1.1. Business Overview
7.1.2. Product Portfolio
7.1.3. Key Financials
7.1.4. Strategic Developments
7.2. Harbin Bearing Manufacturing Co.Ltd.
7.2.1. Business Overview
7.2.2. Product Portfolio
7.2.3. Key Financials
7.2.4. Strategic Developments
7.3. HKT Bearings Ltd.
7.3.1. Business Overview
7.3.2. Product Portfolio
7.3.3. Strategic Developments
7.4. JTEKT Corporation
7.4.1. Business Overview
7.4.2. Product Portfolio
7.4.3. Key Financials
7.4.4. Strategic Developments
7.5. NSK Global
7.5.1. Business Overview
7.5.2. Product Portfolio
7.5.3. Key Financials
7.5.4. Strategic Developments
7.6. NTN Corporation
7.6.1. Business Overview
7.6.2. Product Portfolio
7.6.3. Key Financials
7.6.4. Strategic Developments
7.7. RBC Bearings Inc.
7.7.1. Business Overview
7.7.2. Product Portfolio
7.7.3. Key Financials
7.7.4. Strategic Developments
7.8. Rexnord Corporation
7.8.1. Business Overview
7.8.2. Product Portfolio
7.8.3. Key Financials
7.8.4. Strategic Developments
7.9. RHP Bearings
7.9.1. Business Overview
7.9.2. Product Portfolio
7.9.3. Strategic Developments
7.10. Schaeffler Group
7.10.1. Business Overview
7.10.2. Product Portfolio
7.10.3. Key Financials

7.10.4. Strategic Developments


Table of Figures

Table 1.Global Bearings Market, By Product, 2012-2022 ($Million)
Table 2.Ball Bearings Market, By Type, 2012-2022 ($Million)
Table 3.Ball Bearings Market, By Region, 2012-2022 ($Million)
Table 4.Deep Grove Bearings Market, By Region, 2012-2022 ($Million)
Table 5.Other Types Market, By Region, 2012-2022 ($Million)
Table 6.Roller Bearings Market, By Type, 2012-2022 ($Million)
Table 7.Roller Bearings Market, By Region, 2012-2022 ($Million)
Table 8.Split Bearings Market, By Region, 2012-2022 ($Million)
Table 9.Tapered Bearings Market, By Region, 2012-2022 ($Million)
Table 10.Other Types Market, By Region, 2012-2022 ($Million)
Table 11.Other Products Market, By Region, 2012-2022 ($Million)
Table 12.Ball Bearings Market, By Application, 2012-2022 ($Million)
Table 13.Automotive Market, By Region, 2012-2022 ($Million)
Table 14.Agriculture Market, By Region, 2012-2022 ($Million)
Table 15.Electrical Market, By Region, 2012-2022 ($Million)
Table 16.Mining and Construction Market, By Region, 2012-2022 ($Million)
Table 17.Railway and Aerospace Market, By Region, 2012-2022 ($Million)
Table 18.Automotive Aftermarket Market, By Region, 2012-2022 ($Million)
Table 19.Other Application Market, By Region, 2012-2022 ($Million)
Table 20.North America Bearings Market, By Country, 2012-2022 ($Million)
Table 21.North America Bearings Market, By Product, 2012-2022 ($Million)
Table 22.North America Bearings Market, By Application, 2012-2022 ($Million)
Table 23.U.S. Bearings Market, By Product, 2012-2022 ($Million)
Table 24.U.S. Bearings Market, By Application, 2012-2022 ($Million)
Table 25.Canada Bearings Market, By Product, 2012-2022 ($Million)
Table 26.Canada Bearings Market, By Application, 2012-2022 ($Million)
Table 27.Mexico Bearings Market, By Product, 2012-2022 ($Million)
Table 28.Mexico Bearings Market, By Application, 2012-2022 ($Million)
Table 29.Europe Bearings Market, By Country, 2012-2022 ($Million)
Table 30.Europe Bearings Market, By Product, 2012-2022 ($Million)
Table 31.Europe Bearings Market, By Application, 2012-2022 ($Million)
Table 32.Germany Bearings Market, By Product, 2012-2022 ($Million)
Table 33.Germany Bearings Market, By Application, 2012-2022 ($Million)
Table 34.France Bearings Market, By Product, 2012-2022 ($Million)
Table 35.France Bearings Market, By Application, 2012-2022 ($Million)
Table 36.UK Bearings Market, By Product, 2012-2022 ($Million)
Table 37.UK Bearings Market, By Application, 2012-2022 ($Million)
Table 38.Italy Bearings Market, By Product, 2012-2022 ($Million)
Table 39.Italy Bearings Market, By Application, 2012-2022 ($Million)
Table 40.Spain Bearings Market, By Product, 2012-2022 ($Million)
Table 41.Spain Bearings Market, By Application, 2012-2022 ($Million)
Table 42.Rest of Europe Bearings Market, By Product, 2012-2022 ($Million)
Table 43.Rest of Europe Bearings Market, By Application, 2012-2022 ($Million)
Table 44.Asia-Pacific Bearings Market, By Country, 2012-2022 ($Million)
Table 45.Asia-Pacific Bearings Market, By Product, 2012-2022 ($Million)
Table 46.Asia-Pacific Bearings Market, By Application, 2012-2022 ($Million)
Table 47.Japan Bearings Market, By Product, 2012-2022 ($Million)
Table 48.Japan Bearings Market, By Application, 2012-2022 ($Million)
Table 49.China Bearings Market, By Product, 2012-2022 ($Million)
Table 50.China Bearings Market, By Application, 2012-2022 ($Million)
Table 51.Australia Bearings Market, By Product, 2012-2022 ($Million)
Table 52.Australia Bearings Market, By Application, 2012-2022 ($Million)
Table 53.India Bearings Market, By Product, 2012-2022 ($Million)
Table 54.India Bearings Market, By Application, 2012-2022 ($Million)
Table 55.South Korea Bearings Market, By Product, 2012-2022 ($Million)
Table 56.South Korea Bearings Market, By Application, 2012-2022 ($Million)
Table 57.Rest of Asia-Pacific Bearings Market, By Product, 2012-2022 ($Million)
Table 58.Rest of Asia-Pacific Bearings Market, By Application, 2012-2022 ($Million)
Table 59.Rest of the World Bearings Market, By Country, 2012-2022 ($Million)
Table 60.Rest of the World Bearings Market, By Product, 2012-2022 ($Million)
Table 61.Rest of the World Bearings Market, By Application, 2012-2022 ($Million)
Table 62.Brazil Bearings Market, By Product, 2012-2022 ($Million)
Table 63.Brazil Bearings Market, By Application, 2012-2022 ($Million)
Table 64.Turkey Bearings Market, By Product, 2012-2022 ($Million)
Table 65.Turkey Bearings Market, By Application, 2012-2022 ($Million)
Table 66.Saudi Arabia Bearings Market, By Product, 2012-2022 ($Million)
Table 67.Saudi Arabia Bearings Market, By Application, 2012-2022 ($Million)
Table 68.South Africa Bearings Market, By Product, 2012-2022 ($Million)
Table 69.South Africa Bearings Market, By Application, 2012-2022 ($Million)
Table 70.United Arab Emirates Bearings Market, By Product, 2012-2022 ($Million)
Table 71.United Arab Emirates Bearings Market, By Application, 2012-2022 ($Million)
Table 72.Others Bearings Market, By Product, 2012-2022 ($Million)
Table 73.Others Bearings Market, By Application, 2012-2022 ($Million)
Table 74.Brammer PLC: Key Strategic Developments, 2015-2017
Table 75.Harbin Bearing Manufacturing Co., Ltd.: Key Strategic Developments, 2015-2017
Table 76.HKT Bearings Ltd.: Key Strategic Developments, 2015-2017
Table 77.JTEKT Corporation: Key Strategic Developments, 2015-2017
Table 78.NSK Global: Key Strategic Developments, 2015-2017
Table 79.NTN Corporation: Key Strategic Developments, 2015-2017
Table 80.RBC Bearings Inc.: Key Strategic Developments, 2015-2017
Table 81.Rexnord Corporation: Key Strategic Developments, 2015-2017
Table 82.RHP Bearings: Key Strategic Developments, 2015-2017
Table 83.Schaeffler Group: Key Strategic Developments, 2015-2017

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