Global bearing market 2020-2027: roller bearings are


Dublin, Sept. 07, 2020 (GLOBE NEWSWIRE) — The “Bearings – Global Market Trajectory and Analysis” report has been added to from ResearchAndMarkets.com offer.

The global bearing market is expected to reach US$131. 8 billion by 2025, driven by their indispensable and ubiquitous importance in machinery. Bearings allow rotary or linear motion; reduce friction between moving rotating components of various industrial products and mechanical components; in addition to supporting rotating parts to achieve the desired movement; To manage stress; and reduce the energy consumption of machines. Precision manufactured components allow machines, operating at high speeds, to efficiently and easily support huge amounts of load. Depending on the application, there are different principles on which these bearings are designed and operate. Bearings primarily help to reduce the impact of friction in moving parts, thereby reducing energy loss in the form of heat during the process. They dramatically reduce wear between moving parts, making power transmission easier. Attributes such as safety, reliability and longevity of most mechanical products are closely tied to the precise design and installation of bearings. Bearings are used by a wide range of industries and are manufactured in different types and sizes. Bearing applications are huge, ranging from unground bearings used in roller skates to super precision bearings used in aerospace machinery. The range of sizes can be seen in extremely small bearings used for computer controls and precision medical equipment, to extremely large bearings used in mining and power generation applications.

Almost all loads, vibrations and stresses that influence the operation of a machine should ultimately be handled by the bearings. The bearings then become vital for the proper functioning of the systems. The machine stops working if a bearing fails. Additionally, as bearings face critical operating conditions, they serve as a critical point to detect and assess the overall condition of machinery. Efforts to improve offerings range from the quality and cleanliness of raw materials used in steel mills and manufacturing techniques to product packaging as well as logistics management to deter counterfeit products. While new cage designs and materials reduce heat generation and speed up operations, the use of sophisticated designs extends overall product life. Manufacturers closely control the surface finish of internal components to extend bearing life. Recent advancements also focus on addressing some issues attributed to changes in operating conditions or requirements. Innovative options push existing equipment capabilities to more severe operating conditions or meet more stringent end-use application requirements. New bearing materials, including heat treatment and material chemistry, overcome the negative impact of issues such as hard particle contamination, inadequate lubrication conditions, water intrusion, water embrittlement hydrogen and corrosion.

Main topics covered:

I. INTRODUCTION, METHODOLOGY AND SCOPE OF THE REPORT

II. ABSTRACT

1. MARKET OVERVIEW

  • Impact of Covid-19 and a looming global recession
  • An introduction to bearings
  • Raw materials used in the manufacture of bearings
  • Bearings: current market scenario and outlook
  • Roller bearings: the largest and fastest growing product segment
  • Types of roller bearings
  • Ball bearings: second main product category
  • Types of ball bearings
  • Other types of bearings – plain, pneumatic, magnetic and gas – remain in contention
  • China, Asia-Pacific and other developing regions continue to drive market growth
  • Economic scenario and its influence on the Bearings market
  • Global economic outlook: real GDP growth rate in % by country/region for the years 2018 to 2021
  • Competitive scenario
  • Recent market activity
  • Suppliers focus on innovations and advancements in bearing technology
  • Collaboration between bearing and equipment manufacturers for optimal bearing designs
  • Chinese companies play an important role
  • Global market shares of competitors
  • Global Bearing Competitor Market Share Scenario (%): 2019

2. FOCUS ON CERTAIN PLAYERS

  • Brammer automaton
  • Tenneco Inc.
  • Harbin Bearing Manufacture Co., Ltd.
  • HKT Bearings Ltd.
  • igus
  • JTEKT Corporation
  • Minebea Mitsumi, Inc.
  • Nachi-Fujikoshi Corp.
  • NSK Ltd.
  • NTN Company
  • RBC Bearings, Inc.
  • Rexnord Company
  • Schaeffler AG
  • SKF Group
  • Limited SNL Bearings
  • The Timken Company
  • Wafangdian Bearing Group Corp., Ltd.

3. MARKET TRENDS AND DRIVERS4. GLOBAL MARKET OUTLOOK

III. MARKET ANALYSIS

GEOGRAPHIC MARKET ANALYSIS

IV. COMPETITION

For more information on this report, visit https://www.researchandmarkets.com/r/n84muj

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