3 Key Insights on the US$ 120 Billion Opportunity in the Global Bearings Market: Ken Research REQUEST FOR SAMPLE REPORT Buy Now Request For sample Report × Report Title Name Email Designation Phone No Comapny Name Comapny URL Country -- Please Select Your Country -- Afganistan Africa Albania Algeria Andorra Angola Anguilla Antigua and Barbuda Argentina Armenia Aruba Asia Australasia Australia Austria Azerbaijan Bahamas Bahrain Bangladesh Barbados Belarus Belgium Belize Benin Bermuda Bhutan Bolivia Bonaire Bosnia Herzegovina Botswana Brazil BRICS British Virgin Islands Brunei Darussalam Bulgaria Burkina Faso Cambodia Cameroon Canada Cape Verde Cayman Islands Central African Republic Central and South America Chad Chile China Colombia Comoros Congo Costa Rica Cote d'Ivoire Croatia Cuba Curacao Cyprus Czech Republic Denmark Djibouti Dominica Dominican Republic Ecuador Egypt El Salvador Equatorial Guinea Eritrea Estonia Ethiopia Europe European Union Falkland Islands Faroe Islands Fiji Finland France French Guiana French Polynesia Gabon Gambia Georgia Germany Ghana Gibraltar Global Great Britain Greece Greenland Grenada Guadeloupe Guam Guatemala Guerney & Alderney Guinea Guinea-Bissau Guyana Haiti Honduras Hong Kong Hungary Iceland India Indonesia Iran Iraq Ireland Isle of Man Israel Italy Ivory Coast Jamaica Japan Jersey Jordan Kazakhstan Kenya Kiribati Kosovo Kuwait Kyrgyzstan Laos Latvia Lebanon Lesotho Liberia Libyan Arab Jamahiriya Liechtenstein Lithuania Luxembourg Macao Macau Macedonia Madagascar Malawi Malaysia Maldives Mali Malta Man (Island of) Marshall Islands Martinique Mauritania Mauritius Mayotte Mexico Micronesia Middle East Minnesota Moldova Monaco Mongolia Monserrat Montenegro Morocco Morroco Mozambique Myanmar Namibia Nepal Netherlands New Caledonia New Zealand Nicaragua Niger Nigeria Niue North America North Korea Norway Oman Pakistan Palau Palestine Panama Papua New Guinea Paraguay Peru Philippines Poland Portugal Puerto Rico Qatar Reunion Romania Russia Rwanda Saint Helena Saint Lucia Saint Martin Saint Pierre and Miquelon Saint Vincent and the Grenadines Samoa Samoa (American) San Marino Sao Tome and Principe Saudi Arabia Scandinavia Senegal Serbia Seychelles Sierra Leone Singapore Sint Maarten Slovakia Slovenia Solomon (Islands) Somalia South Africa South Korea South Sudan Spain Sri Lanka Sudan Suriname Svalbard and Jan Mayen Islands Swaziland Sweden Switzerland Syria Taiwan Tajikistan Tanzania Thailand Timor Leste Togo Tonga Trinidad and Tobago Tunisia Turkey Turkmenistan Turks and Caicos Islands Uganda Ukraine United Arab Emirates United Kingdom United States Uruguay Uzbekistan Vanuatu Vatican City Venezuela Vietnam Virgin Islands Western Sahara Yemen Zambia Zimbabwe Requirement Submit Driven by the increasing demand for electric vehicles, and continuous product development as per the market requirement. The Global Bearings Market is forecasted at approximately US$ 120 Bn by 2028 says Ken Research Study. Bearings are parts that assist in the rotation of an object. Bearings support the shaft that rotates inside the machinery. Machines that have the usage of bearings include automobiles, airplanes, electric generators, and others. They are also used in household appliances such as refrigerators, vacuum cleaners, air-conditioners, and others. The bearing supports the rotating shaft of the wheels, gears, turbines, rotors, and various other applications. “Ken Research shares 3 key insights on this high-opportunity market from its latest research study.” 1. Product Development, Expansion, and Collaboration among Players are Driving Factors for Bearings Market. According to Ken Research Analysis, the Global Bearings Market was valued at US$ 55 billion in 2017, it is estimated to be ~US$ 80 billion in 2022 and is forecasted to reach a market size of ~US$ 120 billion opportunities by 2028, owing to regular upgradation in the bearing product line, according to the customer demands. For Instance, In April 2021, NSK developed a third-generation high-speed ball bearing for electric vehicle (EV) motors capable of operating at over 1.8 million dmN (Measurement of bearing rotational performance). Furthermore, In March 2021, SKF invests US$ 36.50 million in expanding and modernizing its manufacturing facility in Airasca, Italy. The investment will bring the manufacturing of super precision bearings (SuPBs) for industrial application. 2. Increasing Vehicle Production, and Rising Demand for Electric Vehicle Cars, are Fueling the Growth in Bearings Market. Bearing is an important component installed in a vehicle. On average, one passenger vehicle requires 35 type of bearings, which may substantially be varied depending on the model and technology used in the vehicle. All moving parts of the automobile, require bearing to function. Bearings are used in engines, gearboxes, transmissions, wheels, steering, electrical motors, pumps, and others. According to Japan External Trade Organization, domestic automobile production in 2019 was 9.68 million units and domestic automobile sales in the same year were 5.2 million units. The growing automotive industry will directly propel the growth of the bearing market. The International Organization of Motor Vehicle Manufacturers (OICA), an organization working in the interest of vehicle manufacturers and assemblers, stated that vehicle production increased by 3% from 2020 to 2021 after declining by 13% from 2019 to 2020. Increasing the production and sales number of automobiles will directly help the bearings market to grow. To learn more about this report, Request a free sample copy 3. Higher Raw Material Prices are Likely to Hamper the Growth of the Bearings Market. Bearing is made from different types of materials such as steel, ceramic, plastic, and others. The most common type of bearing is manufactured through high-carbon chromium steel, often called chrome steel. The high raw materials prices of manufacturing bearings are hampering the growth of the market. During the COVID-19, the prices of steel have declined significantly but as the demand surged and supply reduced due to the low production volume, the prices of these materials have soared to an all-time high, owing to the prices of bearings also fluctuating and restraining the growth of the market. Key Topics Covered in the Report: – Snapshot of the Global Bearings Market Industry Value Chain and Ecosystem Analysis Market size and Segmentation of the Global Bearings Market Historic Growth of the Overall Global Bearings Market and Segments Competition Scenario of the Market and Key Developments of Competitors Porter’s 5 Forces Analysis of the Global Bearings Industry Overview, Product Offerings, and Strengths & Weaknesses of Key Competitors COVID-19 Impact on the Overall Global Bearings Market Future Market Forecast and Growth Rates of the Total Global Bearings Market and by Segments Market Size of Application / Material Type Segments with Historical CAGR and Future Forecasts Analysis of the Global Bearings Market Major Production/Supply and Consumption/Demand Hubs in Each Major Region Major Continent-wise Historic and Future Market Growth Rates of the Total Market and Segments Overview of Notable Emerging Competitor Companies within Each Major Continent To learn more about this report, Request a free sample copy Major Players Mentioned in the Report SKF JTEKT Corporation Regal Rexnord Corporation Schaeffler AG NSK Ltd. NTN Corporation The Timken Company MinebeaMitsumi Inc. HKT Bearings Ltd. Nachi-Fujikoshi Corporation Notable Emerging Companies Mentioned in the Report Liaocheng SAST Bearing Co., Ltd Hangzhou DingTeng Industrial Co., Ltd. Rotycan Turbotech Pvt. Ltd CEC Bearings Industria Bearings & Transmissions Ltd. Key Target Audience – Organizations and Entities Who Can Benefit by Subscribing This Report Bearings Manufacturing Companies Bearings Material Suppliers Potential Investors in Bearings Companies Steel Bearings Producers Ceramic Bearings Producers Bearing Accessories Manufacturers & Suppliers Consulting Companies in the Bearings Market Government and Research Organizations Working in Bearings Industry Investment Banks Targeting Bearings Industry Company Research and Development Institutes Market Research & Consulting Firms Banking and Financial Service Providers Auto Component Manufacturers Government & Regulatory Authorities Testing & Inspection Companies Time Period Captured in the Report: – Historical Period: 2017-2021 Forecast Period: 2022-2028F For More Information on the Research Report, Click on the Below Link: – Global Ball Bearing Market Analysis Contact Us: – Ken Research Support@kenresearch.com +91-9015378249 Tags: Africa Bearings Market Forecast, Asia Pacific Bearings Market, Automotive Bearings Supplying Companies, Ball Bearings Market, Bearings Material Suppliers Globally, Bearings Products Market, Bearings Raw Material Suppliers, Challenges in Growth of Bearings Market, Competitors in Bearings Market, Demand for Bearing in Consumer Sector, Distributors of Bearings Globally, Emerging Companies in Bearing Market, Europe Bearings Market Forecast, Global Ball Bearing Market, Global Ball Screw Market, Global Bearing Distributors, Global Bearings Industry, Global Bearings Industry Outlook, Global Bearings Market, Global Bearings Market Trends, Global Flexure Bearings Market, Global Magnetic Bearings Market, HKT Linear Bearings Market, India Bearings Market, Investment in Bearing Manufacturing Start-ups, JTEKT Deep Groove Ball Bearings Market, Latin America Bearings Market Forecast, Leading Players in Bearing Market, Major Players in Bearings Market, Middle East Bearings Market Revenue, MinebeaMitsumi Roller Bearings Market, North America Bearings Market, NSK Auto Aftermarket Bearings Market, NTN Sliding Bearings Market, Opportunities in Bearings Market, Plain Bearings Market, Potential Investors in Bearings Companies, Power Transmission Bearings Market, Regal Rexnord Filament Bearings Market, Roller Bearings Market, Schaeffler Wheel Bearings Market, SKF Rolling Bearings Market, Suppliers of Ball Bearings, Thrust Ball Bearings Market, Timken Cylindrical Bearings Market, Top Bearings Manufacturing Companies, Venture Capital Investors in Bearing Market, Worldwide Bearings Market
