Exhibiting a CAGR of 3.0% between 2018 and 2027, the global roller bearings market is expected to reach USD 26.71 Bn by 2027, as against USD 21.05 Bn in 2018. Roller bearings are one of the earliest known types of rolling element bearing and are increasingly used in heavy machinery and equipment. Fortune Business Insights in a new report, titled “Roller Bearings Market Size, Share and Global Trend By Product Type (Tapered, Spherical, Cylindrical, Others), By Application (Automotive, Industrial Machinery, Aerospace, Others) and Geography Forecast till 2027” entails current roller bearings market trends between 2018 and 2027. Several manufacturing facilities and automotive firms use roller bearing material to improve the efficiency and performance of machinery and vehicles.
Request a Sample Copy of the Global Market Research Report https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/roller-bearings-market-101249
Nowadays, industries are installing high-end and expensive equipment to ensure smooth functioning of their day-to-day operations. Against this backdrop, the demand for these bearings will fuel, which in turn, will augment the roller bearings market growth. As per the requirements, industrial firms use different types of roller bearings such as tapered, cylindrical, spherical, and needle, favoring the roller bearings market demand.
The rising number of offshore wind farms is expected to moderately push the market to grow in the foreseeable future.
1. By Product Type
- Others (Thrust, Needles)
2. By Application
- Industrial Machinery
- Others (Railway)
3. By Region
- North America (The U.S. and Canada)
- Europe (UK, Germany, France, Italy, Spain, and Rest of Europe)
- Asia Pacific (Japan, China, India, Australia, Southeast Asia and Rest of Asia Pacific)
- Middle East & Africa (South Africa, GCC and Rest of the Middle East & Africa)
- Latin America (Brazil, Mexico and Rest of Latin America)
For more information in the analysis of this report, visit http://www.globenewswire.com/news-release/2019/09/03/1909744/0/en/Roller-Bearings-Market-to-Cross-US-26-71-Bn-by-2027-SKF-Timken-and-Schaeffler-to-Focus-on-Introducing-Smart-Bearings-and-Minimize-Chances-of-Operational-Breakdown-Fortune-Business-.html
Rising Demand for Heavy Machinery to Favor Growth of Cylindrical Roller Bearings Segment
The cylindrical roller bearings segment covered the highest share in the global market in 2018. The demand for these bearings is expected to rise on account of their rising adoption across industries such as aerospace and automotive. Cylindrical roller bearings are used in heavy machinery to carry and handle heavy radial loads at high speed and performance. The roller bearings market size is anticipated to further expand with the increasing use of tapered roller bearings. These bearings are primarily designed to handle axial and radial forces at the same time. These are integrated into defense and medical equipment to accommodate combined loads. In the world of bearings, spherical roller bearings are likely to gain prominence owing to their numerous properties. These bearings have the ability to easily mount and erect, are highly reliable, and can withstand shock loads. Furthermore, these bearings are largely used in international markets and expanding its geographical presence to all the industries, especially in aerospace and automotive. The rising application of these type of bearings is expected to drive the market growth in the forecast period.
- NTN Bearing Corporation
- NSK Ltd.
- THE TIMKEN COMPANY
- Schaeffler Technologies AG & Co. KG
- IKO International, Inc. / Nippon Thompson Co., Ltd.
- JTEKT Corporation (Koyo)
- Luoyang Huigong Bearing Technology Co., Ltd.
- LYC Private Limited
Order Complete Report https://www.fortunebusinessinsights.com/checkout-page/101249
Table of Content
5. Global Roller Bearings Market Analysis, Insights and Forecast, 2015-2027
5.1. Key Findings / Summary
5.2. Market Size Estimates and Forecasts
5.2.1. By Product Type (Value and Volume)
126.96.36.199. Others (Thrust, Needles)
5.2.2. By Application (Value)
188.8.131.52. Industrial Machinery
184.108.40.206. Others (Railway)
5.2.3. By Geography (Value)
220.127.116.11. North America
18.104.22.168. Asia Pacific
22.214.171.124. Middle East and Africa
126.96.36.199. Latin America
6. North America Roller Bearings Market Analysis, Insights and Forecast, 2015-2027
6.1. Key Findings / Summary
6.2. Market Size Estimates and Forecasts
6.2.1. By Product Type (Value and Volume)
188.8.131.52. Others (Thrust, Needles)
6.2.2. By Application (Value)
184.108.40.206. Industrial Machinery
220.127.116.11. Others (Railway)
6.2.3. By Country (Value)
18.104.22.168. United States
7. Europe Roller Bearings Market Analysis, Insights and Forecast, 2015-2027
7.1. Key Findings / Summary
7.2. Key Policies and Regulations
7.3. Market Size Estimates and Forecasts
7.3.1. By Product Type (Value and Volume)
22.214.171.124. Others (Thrust, Needles)
7.3.2. By Application (Value)
126.96.36.199. Industrial Machinery
188.8.131.52. Others (Railway)
7.3.3. By Country (Value)
184.108.40.206. Rest of Europe
8. Asia Pacific Roller Bearings Market Analysis, Insights and Forecast, 2015-2027
8.1. Key Findings / Summary
8.2. Market Size Estimates and Forecasts
8.2.1. By Product Type (Value and Volume)
220.127.116.11. Others (Thrust, Needles)
8.2.2. By Application (Value)
An Overview of the Impact of COVID-19 on this Market:
The emergence of COVID-19 has brought the world to a standstill. We understand that this health crisis has brought an unprecedented impact on businesses across industries. However, this too shall pass. Rising support from governments and several companies can help in the fight against this highly contagious disease. There are some industries that are struggling and some are thriving. Overall, almost every sector is anticipated to be impacted by the pandemic.
We are taking continuous efforts to help your business sustain and grow during COVID-19 pandemics. Based on our experience and expertise, we will offer you an impact analysis of coronavirus outbreak across industries to help you prepare for the future.
Click here to get the short-term and long-term impact of COVID-19 on this Market.
(Have a Look at Reports Trending in “Machinery & Equipment” Industry)
View Related Reports:
Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them to address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.
Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data.
At Fortune Business Insights™ we aim at highlighting the most lucrative growth opportunities for our clients. We, therefore, offer recommendations, making it easier for them to navigate through technological and market-related changes. Our consulting services are designed to help organizations identify hidden opportunities and understand prevailing competitive challenges.
Fortune Business Insights™ Pvt. Ltd.
308, Supreme Headquarters,
Survey No. 36, Baner,
Pune – 411045, Maharashtra, India.
US :+1 424 253 0390
UK : +44 2071 939123
APAC : +91 744 740 1245
Email: [email protected]