The report entitled; “General Machinery Bearings Market, Trends, Dynamics, and Market Analysis,” recently published by Stratview Research offers a comprehensive outlook of the industry. This report by Bearing Type (Ball Bearing [Angular Contact Ball Bearing, Deep Groove Ball Bearing, Others], Roller Bearing [Tapered Roller Bearing, Spherical Roller Bearing, Cylindrical Roller Bearing, and Others), and Others), by Material Type (Metallic Bearings, Non-Metallic Bearings, and Hybrid Bearings), by Application Type (Industrial Compressors, Electric Motors & Generators, Industrial Fans, Blowers & Turbines, Industrial Pumps, and Industrial Transmission), by End-User Type (OE and Aftermarket), and by Region (North America, Europe, Asia-Pacific, and Rest of the World).
Key players in the General Machinery Bearings Market
- AB SKF
- Schaeffler Technologies AG & Co. KG
- NSK Ltd.
- JTEKT Corporation (Koyo Bearings)
- The Timken Company
- NTN Corporation
- Nachi-Fujikoshi Corp.
- C&U Group Ltd.
- LYC Bearing Corporation
- Harbin Bearing Manufacturing Co., Ltd. (HRB)
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Segment Analysis:
Based on the bearing type, the market is segmented as ball bearing, roller bearing, and others. Ball bearings are further classified as angular contact ball bearing, deep groove ball bearing, and others. In a similar way, roller bearings are further classified as tapered roller bearing, cylindrical roller bearing, spherical roller bearing, and others. Ball bearing is expected to remain the most dominant bearing type in the market during the forecast period, owing to the high load-carrying capacity of both, angular contact and deep groove ball bearing, due to which they are popularly deployed in various general machinery.
Based on the application type, the market is segmented as industrial compressors; electric motors & generators; industrial fans, blowers & turbines; industrial pumps; and industrial transmission. Electric motor & generator is projected to be the leading segment of the market during the forecast period. Improvement in the energy efficiency of electric motors, which is highly influenced by the selection by bearing, along with increasing demand for electric motors and generators from the agricultural and industrial sectors is the major driver of the segment’s growth.
In terms of regions, Asia-Pacific is expected to be the largest bearings market for general machinery, owing to the rising demand for general machinery in countries such as China, India, South Korea, and Japan. Increased focus on urbanization in China and rapid industrialization in both India and China on account of favorable government regulations and policies are further expected to boost the market growth in the region. North America and Europe are also likely to create sizeable opportunities in the coming five years, driven by an expected rise in manufacturing, construction, and mining operations in these regions.
Research Methodology
The study incorporates a wide range of analytical resources along with primary and secondary research methodologies.
Frequently Asked Questions (FAQs)
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About Stratview Research
Stratview Research is a trusted firm in the research industry with capabilities of providing complex market reports and other consulting services with high level of accuracy. Stratview Research believes in building long term relations with its clients. The services provided cover a broad spectrum of industries including Energy Chemicals, Advanced Materials, Automotive, Aerospace and more.
