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Published Date: 2014-10-14Number of Pages: 112

Bearing Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2020

Global bearing market was valued at USD 75.91 billion in 2014, growing at a CAGR of 7.7% from 2014 to 2020. Bearings are machine elements that are primarily used for reducing friction between moving parts. For instance, in case of a roller bearing, the rolling elements in the bearings withstand the load, allowing the device to spin smoothly. With technological advancements in several industry verticals such as automotive, construction, and oil and gas, the applications and functionalities of bearings are evolving continuously. High end technologies such as smart bearings facilitate manufacturers to monitor bearing operations constantly.

 

The global bearing market is segmented by region into North America, Europe, Asia-Pacific (APAC) and Rest of the World (RoW). The bearing market is primarily driven by increasing demand from automotive industry. The increase in the global production of motor vehicles has substantially raised the demand for automotive bearings. In addition, rising demand from steel industry, railways and defense and aerospace industry has also contributed to the growth of bearing market globally. The need for energy efficiency in process industries has also augmented the worldwide demand for bearings significantly.

 

Geographically, Asia Pacific led the bearing market in 2014 and the region is expected to continue its dominance in 2020. The region’s dominance is due to increasing production of motor vehicles in countries such as Japan, South Korea, China, and India. Moreover, rapid level of industrialization in this region is also contributing to the growth of bearing market. Europe and North America followed Asia Pacific in the global bearing market to collectively account for more than 40% of the global market revenue share.

 

The bearing market is segmented on the basis of product type into - unmounted ball bearings, plain bearings, roller bearings and others. Among all, unmounted ball bearings were holding the highest market revenue share in 2014 and are expected to remain so during the forecast period. Demand for unmounted ball bearings is attributed to their wide range of applications in motor engines, automotive wheels, railway coaches, hard drives and consumer durables. Unmounted ball bearings segment is closely followed by roller bearings segment.

 

Based on components, the global bearing market is divided into balls, rollers, cages, rings and others. The application segment of the bearings decides the number and size of these components. In 2013, balls as components held the highest share in the bearing market. Rollers which includes rolling elements such as tapered rollers, cylindrical rollers and needle rollers were the second largest components used in 2013.

 

The bearing market is further segmented by end use into motor vehicles, aerospace equipment, power transmission equipment, construction machinery, farm and gardening machinery, oilfield machinery and others. Bearing applications in motor vehicles held the highest revenue share in 2013. With the increase in production of motor vehicles across the globe, the demand for automotive bearings has grown substantially. Aerospace equipment is analyzed to be the fastest growing application segment for bearings and is expected to attain a significant growth in the recent future.

 

 

 

Chapter 1 Preface

1.1 Report description

1.2 Research scope

1.3 Research methodology

 

Chapter 2 Executive Summary

 

Chapter 3 Market overview

3.1 Introduction

3.2 Market dynamics

      3.2.1 Market Drivers

               3.2.1.1 Growing vehicle production worldwide

               3.2.1.2 Growing demand in defense and aerospace industry

               3.2.1.3 Need for energy efficiency

      3.2.2 Market Restraints

               3.2.2.1 Shrinking after sales market

               3.2.2.2 Increase in counterfeit products

      3.2.3 Market opportunities

               3.2.3.1 Technological advancements will help in the growth of new product segments

3.3 Bearing Market – Porter’s Five Forces Analysis

      3.3.1 Bargaining power of suppliers

      3.3.2 Bargaining power of buyers

      3.3.3 Threat from substitute

      3.3.4 Threat of new entrants

      3.4.5 Competitive rivalry

3.4 Value chain analysis

3.5 Global Bearing Market: Market attractiveness analysis by end use, 2013

3.6 Market share by key players

 

Chapter 4 Global Bearing Market Analysis, by Product Type

4.1 Introduction

4.2 Unmounted ball bearings

      4.2.1 Unmounted ball bearings market size and forecast, 2013 – 2020 (USD billion)

4.3 Plain bearings

      4.3.1 Plain bearings market size and forecast, 2013 – 2020 (USD billion)

4.4 Roller bearings

      4.4.1 Roller bearings market size and forecast, 2013 – 2020 (USD billion)

 

Chapter 5 Global Bearing Market Analysis, by Components

5.1 Introduction

5.2 Balls

      5.2.1 Balls market size and forecast, 2013 – 2020 (USD billion)

5.3 Rollers

      5.3.1 Rollers market size and forecast, 2013 – 2020 (USD billion)

5.4 Cages

      5.4.1 Cages market size and forecast, 2013 – 2020 (USD billion)

5.5 Rings

      5.5.1 Rings market size and forecast, 2013 – 2020 (USD billion)

 

Chapter 6 Global Bearing Market Analysis, by End use

6.1 Introduction

6.2 Motor vehicles

      6.2.1 Motor vehicles market size and forecast, 2013 – 2020 (USD billion)

6.3 Aerospace equipment

      6.3.1 Aerospace equipment market size and forecast, 2013 – 2020 (USD billion)

6.4 Power transmission equipment

      6.4.1 Power transmission equipment market size and forecast, 2013 – 2020 (USD billion)

6.5 Construction machinery

      6.5.1 Construction machinery market size and forecast, 2013 – 2020 (USD billion)

6.6 Farm and garden machinery

      6.6.1 Farm and garden machinery market size and forecast, 2013 – 2020 (USD billion)

6.7 Oilfield machinery

      6.7.1 Oilfield machinery market size and forecast, 2013 – 2020 (USD billion)

 

Chapter 7 Global Bearing Market Analysis and Forecast, by Geography

7.1 Introduction

7.2 North America

      7.2.1 North America bearing market size and forecast, 2013 – 2020 (USD billion)

7.3 Europe

      7.3.1 Europe bearing market size and forecast, 2013 – 2020 (USD billion)

7.4 Asia Pacific

      7.4.1 Asia Pacific bearing market size and forecast, 2013 – 2020 (USD billion)

7.5 Rest of the World (RoW)

      7.5.1 RoW bearing market size and forecast, 2013 – 2020 (USD billion)

 

Chapter 8 Company Profiles

8.1 Danaher Corp.

      8.1.1 Company overview

      8.1.2 Financial overview

      8.1.3 Business strategy

      8.1.4 SWOT analysis

      8.1.5 Recent developments

8.2 Daido Metal Company Ltd.

      8.2.1 Company overview

      8.2.2 Financial overview

      8.2.3 Business strategy

      8.2.4 SWOT analysis

      8.2.5 Recent developments

8.3 GGB Bearing Technology

      8.3.1 Company overview

      8.3.2 Financial overview

      8.3.3 Business strategy

      8.3.4 SWOT analysis

      8.3.5 Recent developments

8.4 NSK Ltd.

      8.4.1 Company overview

      8.4.2 Financial overview

      8.4.3 Business strategy

      8.4.4 SWOT analysis

      8.4.5 Recent developments

8.5 JTEKT Corporation

      8.5.1 Company overview

      8.5.2 Financial overview

      8.5.3 Business strategy

      8.5.4 SWOT analysis

      8.5.5 Recent developments.

8.6 Rexnord Corporation

      8.6.1 Company overview

      8.6.2 Financial overview

      8.6.3 Business strategy

      8.6.4 SWOT analysis

      8.6.5 Recent developments

8.7 RBC Bearings

      8.7.1 Company overview

      8.7.2 Financial overview

      8.7.3 Business strategy

      8.7.4 SWOT analysis

      8.7.5 Recent developments

8.8 ThyssenKrupp AG

      8.8.1 Company overview

      8.8.2 Financial overview

      8.8.3 Business strategy

      8.8.4 SWOT analysis

      8.8.5 Recent developments

8.9 Schaeffler Group

      8.9.1 Company overview

      8.9.2 Financial overview

      8.9.3 Business strategy

      8.9.4 SWOT analysis

      8.9.5 Recent developments

8.10 Brammer PLC

      8.10.1 Company overview

      8.10.2 Financial overview

      8.10.3 Business strategy

      8.10.4 SWOT analysis

      8.10.5 Recent developments

8.11 Asahi Seiko Co., Ltd.

      8.11.1 Company overview

      8.11.2 Business strategy

      8.11.3 SWOT analysis

      8.11.4 Recent developments

8.12 NTN Corporation

      8.12.1 Company overview

      8.12.2 Financial overview

      8.12.3 Business strategy

      8.12.4 SWOT analysis

      8.12.5 Recent developments

8.13 SKF Group

      8.13.1 Company overview

      8.13.2 Financial overview

      8.13.3 Business strategy

      8.13.4 SWOT analysis

      8.13.5 Recent developments

8.14 Wafangdian Bearing Co. Ltd

      8.14.1 Company overview

      8.14.2 Financial overview

      8.14.3 Business strategy

      8.14.4 SWOT analysis

8.15 Harbin Bearing Group

      8.15.1 Company overview

      8.15.2 Business strategy

      8.15.3 SWOT analysis

      8.15.4 Recent developments

8.16 The Timken Company

      8.16.1 Company overview

      8.16.2 Financial overview

      8.16.3 Business strategy

      8.16.4 SWOT analysis

      8.16.5 Recent developments

8.17 C&U Group

      8.17.1 Company overview

      8.17.2 Business strategy

      8.17.3 SWOT analysis

      8.17.4 Recent developments

List of Figures 

 

FIG. 1 Market segmentation: Global bearing market

FIG. 2 World motor vehicle unit production by region (2012 vs 2013)

FIG. 3 Porter’s five forces analysis for bearing market

FIG. 4 Global bearing market value chain analysis

FIG. 5 Market attractiveness analysis, by end use, 2013

FIG. 6 Market share by key bearing vendors, 2013 (Value %)

FIG. 7 Global bearing market share and forecast, by product type, 2013 vs. 2020 (Value %)

FIG. 8 Unmounted ball bearings market size and forecast, 2013 – 2020 (USD billion)

FIG. 9 Plain bearings market size and forecast, 2013 – 2020 (USD billion)

FIG. 10 Roller bearings market size and forecast, 2013 – 2020 (USD billion)

FIG. 11 Global bearing market share and forecast, by components, 2013 vs. 2020 (Value %)

FIG. 12 Balls market size and forecast, 2013 – 2020 (USD billion)

FIG. 13 Rollers market size and forecast, 2013 – 2020 (USD billion)

FIG. 14 Cages market size and forecast, 2013 – 2020 (USD billion)

FIG. 15 Rings market size and forecast, 2013 – 2020 (USD billion)

FIG. 16 Global bearing market share and forecast, by End use, 2013 vs. 2020 (Value %)

FIG. 17 Motor vehicles market size and forecast, 2013 – 2020 (USD billion)

FIG. 18 Aerospace equipment market size and forecast, 2013 – 2020 (USD billion)

FIG. 19 Power transmission equipment market size and forecast, 2013 – 2020 (USD billion)

FIG. 20 Construction machinery market size and forecast, 2013 – 2020 (USD billion)

FIG. 21 Farm and garden machinery market size and forecast, 2013 – 2020 (USD billion)

FIG. 22 Oilfield machinery market size and forecast, 2013 – 2020 (USD billion)

FIG. 23 Global bearing market share and forecast, by geography, 2013 vs. 2020 (Value %)

FIG. 24 North America bearing market size and forecast, 2013 – 2020 (USD billion)

FIG. 25 Europe bearing market size and forecast, 2013 – 2020 (USD billion)

FIG. 26 Asia Pacific bearing market size and forecast, 2013 – 2020 (USD billion)

FIG. 27 RoW bearing market size and forecast, 2013 – 2020 (USD billion)

FIG. 28 Danaher Corp. annual revenue 2011 – 2013, (USD billion)

FIG. 29 Daido Metal Company Ltd. annual revenue 2011 – 2013, (USD billion)

FIG. 30 EnPro Industries, Inc annual revenue 2011 – 2013, (USD billion)

FIG. 31 NSK Ltd. annual revenue 2011 – 2013, (USD billion)

FIG. 32 JTEKT Corporation annual revenue 2011 – 2013, (USD billion)

FIG. 33 Rexnord Corporation annual revenue 2011 – 2013 (USD billion)

FIG. 34 RBC Bearings  annual revenue 2011 – 2013, (USD billion)

FIG. 35 ThyssenKrupp AG annual revenue 2011 – 2013 (USD billion)

FIG. 36 Schaeffler Group annual revenue 2011 – 2013, (USD billion)

FIG. 37 Brammer PLC annual revenue, 2011 – 2013, (USD billion)

FIG. 38 NTN Corporation annual revenue 2011 – 2013, (USD billion)

FIG. 39 SKF annual revenue 2011 – 2013, (USD billion)

FIG. 40 Wafangdian Bearing Co., Ltd annual revenue 2011 – 2013, (USD million)

FIG. 41 Timken annual revenue 2011 – 2013, (USD billion)

List of Tables

 

TABLE 1 Global bearing market snapshot

TABLE 2 Global bearing market size and forecast by end use, 2013 – 2020 (USD billion)

TABLE 3 North America bearing market size and forecast, by product type, 2013 – 2020 (USD billion)

TABLE 4 North America bearing market size and forecast, by components, 2013 – 2020 (USD billion)

TABLE 5 North America bearing market size and forecast, by end use, 2013 – 2020 (USD billion)

TABLE 6 Europe bearing market size and forecast, by product type, 2013 – 2020 (USD billion)

TABLE 7 Europe bearing market size and forecast, by components, 2013 – 2020 (USD billion)

TABLE 8 Europe bearing market size and forecast, by end use, 2013 – 2020 (USD billion)

TABLE 9 Asia Pacific bearing market size and forecast, by product type, 2013 – 2020 (USD billion)

TABLE 10 Asia Pacific bearing market size and forecast, by components, 2013 – 2020 (USD billion)

TABLE 11 Asia Pacific bearing market size and forecast, by end use, 2013 – 2020 (USD billion)

TABLE 12 RoW bearing market size and forecast, by product type, 2013 – 2020 (USD billion)

TABLE 13 RoW bearing market size and forecast, by components, 2013 – 2020 (USD billion)

TABLE 14 RoW bearing market size and forecast, by end use, 2013 – 2020 (USD billion)

Bearings are machine elements that are primarily used for reducing friction between moving parts. For instance, in case of a roller bearing, the rolling elements in the bearings withstand the load, allowing the device to spin smoothly. With technological advancements in several industry verticals such as automotive, construction, and oil and gas, the applications and functionalities of bearings are evolving continuously. High end technologies such as smart bearings facilitate manufacturers to monitor bearing operations constantly.

 

The global bearing market is expected to witness a substantial growth during the forecast period. This is due to its increasing demand across various application sectors such as automotive, industrial, railways, and aerospace sector. The increase in automobile production worldwide is stimulating the growth in demand for bearings and associated components. In addition, the need for energy efficiency in process industries has also augmented the worldwide demand for bearings significantly. Automotive is the highest revenue generating application segment in this market. Aerospace equipment segment is analyzed to be the fastest growing application segment in the bearing market.

 

Adoption of high end technologies such as smart bearings is also creating new opportunities for the bearing manufacturers globally. However, shrinking after sales market is acting as a restraining factor for the growth of bearing market, especially in automotive application segment. The rapid development of city infrastructures in the Middle East and Asia Pacific region is also influencing the growth of overall bearing market. Asia Pacific is analyzed to dominate the global bearing market throughout the forecast period. The region’s dominance is attributed to increasing production of motor vehicles in countries such as Japan, South Korea, China, and India. Moreover, rapid level of industrialization in this region is also contributing to growth of bearing market

 

This market research study analyzes the bearing market on a global level, and provides estimates in terms of revenue (USD billion) from 2014 to 2020. It recognizes the drivers and restraints affecting the industry and analyzes their impact over the forecast period. Moreover, it identifies the significant opportunities for market growth in the coming years.

 

By geography, the market has been segmented into North America, Europe, Asia-Pacific (APAC), and Rest of the World (RoW), and these have been estimated in terms of revenue (USD billion). In addition, the report segments the market based on the product type, which include unmounted ball bearings, plain bearings, roller bearings and others. It also segments the market on the basis of components as balls, rollers, cages, rings and others. Based on end use, the market is segmented into motor vehicles, aerospace equipment, power transmission equipment, construction machinery, farm and gardening machinery, oilfield machinery and others. All these segments have also been estimated on the basis of geography in terms of revenue (USD billion).

 

For better understanding of the bearing market, we have given a detailed analysis of the supply chain. A detailed Porter’s five forces analysis has been given for a better understanding of the intensity of the competition present in the market. Furthermore, the study comprises a market attractiveness analysis, where the applications are benchmarked based on their market scope, growth rate and general attractiveness.

 

The report provides company market share analysis of various industry participants. The key players have also been profiled on the basis of company overview, financial overview, business strategies, SWOT analysis, and the recent developments in the field of bearing industry. Major market participants profiled in this report include SKF Group, Schaeffler Group, The Timken Company, NTN Corporation, JTEKT Corporation, and NSK Ltd. among others.

 

Bearing Market: By product type

  • Unmounted ball bearings
  • Plain Bearings
  • Roller Bearings
  • Others 

Bearing Market: By components

  • Balls
  • Rollers
  • Cages
  • Rings
  • Others 

Bearing Market: By end use

  • Motor vehicles
  • Aerospace equipment
  • Power transmission equipment
  • Construction machinery
  • Farm and garden machinery
  • Oilfield machinery
  • Other machinery

The report provides a cross-sectional analysis of all the above segments with respect to the following regions:

 

Bearing Market: By geography

  • North America
  • Europe
  • Asia Pacific
  • Rest of the World


 
 
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