Bearings Market Expected to Grow at a CAGR 7.5% by 2022 | C&U Group, Federal Moghul Holding, JTEKT, NKE Austria GmbH, NSK

Bearings are antifriction devices used in rotating equipment to minimize resistance and reduce wear and tear. These are used in various industries including automotive, electrical, mining & construction, and railway & aerospace and are manufactured using high grade steel or alloy steel. In general, raw materials account for two-thirds of the cost structure of a company. Although bearing manufacturers have higher pricing flexibility due to technology know-how and strong aftermarket presence, their productivity is affected by increase in cost of steel. The global bearings market size was estimated at $78,779 million in 2014. It is estimated to be valued at $140,792 million in 2022, registering a CAGR of 7.5% during the forecast period.

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The key players covered in this study:

C&U Group
Federal Moghul Holding Corporation
JTEKT Corporation
NKE Austria GmbH
NSK Ltd.
NTN Corporation
Schaeffler AG
SKF AB
THK Company
TIMKEN Company

KEY BENEFITS

The report provides an overview of the trends, structure, drivers, challenges, and opportunities in the global bearings market.

Porter's Five Forces analysis highlights the potential of buyers & suppliers, and provides insights on the competitive structure of the market to determine the investment pockets of the market.

Current and future trends adopted by the key market players are highlighted to determine overall competitiveness of the market.

Value chain analysis provides a systematic study of the key intermediaries involved to formulate effective strategies.

The quantitative analysis of the market through 2014-2022 is provided to elaborate the market potential.

Key Market Segments

The global bearings market is segmented based on bearing type, bearing outer diameter, application, and geography.

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Table of Content of Bearings Report:

  1. INTRODUCTION
  2. KEY TAKEAWAYS
  3. MARKET OVERVIEW
  4. GLOBAL BEARINGS MARKET, BY TYPE
  5. GLOBAL BEARINGS MARKET, BY END-USER INDUSTRY
  6. GLOBAL BEARINGS MARKET, BY MATERIAL OF CONSTRUCTION
  7. GLOBAL BEARINGS MARKET, BY GEOGRAPHY
  8. COMPANY PROFILES

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Posted by on Friday June 14 2019, 2:35 AM EDT. All trademarks acknowledged. Filed under Business & Financial Services, Business Services, Construction, Featured Press Release, Machinery & Parts, Manufacturing, Manufacturing & Construction, Security & Intelligence Systems. Comments and Trackbacks are open. Follow responses: RSS 2.0

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