NEW YORK, June 28, 2022 /PRNewswire/ -- The bearings market share is expected to increase by USD 11.02 billion from 2020 to 2025, and the market's growth momentum will accelerate at a CAGR of 3% as per the latest market report by Technavio. The bearings market is fragmented and the vendors are deploying growth strategies such as organic and inorganic strategies to compete in the market. AB SKF, ASAHI SEIKO Co. Ltd., C&U Group, JTEKT Corp., LYC Bearing Corp., NSK Ltd., NTN Corp., RBC Bearings Inc., Schaeffler AG, and The Timken Co. are among some of the major market participants.

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 The bearings market report covers the following areas:

• Bearings Market Size
• Bearings Market Trends
• Bearings Market Industry Analysis

• Product
• • Anti-friction bearings
  • Magnetic Bearings
  • Other Bearings
• End-User
• • Automotive Industry
  • Heavy Industry
  • ARS Industry
  • Others
• Geographic
• • APAC
  • Europe
  • North America
  • South America
  • MEA
  • APAC
  • Europe
  • North America
  • South America
  • MEA

• 56% of the market's growth will originate from APAC during the forecast period. China and Japan are the key markets for bearings in APAC. Market growth in this region will be faster than the growth of the market in other regions.
•  A primary factor for the growth of the market in focus is the growing demand for bearings from automotive, aerospace, electronic and electrical, and other end-users in developing countries such as China and India.
• The rise in disposable income is also expected to accelerate the demand for machinery in automobiles, electronics and electrical devices, and other goods, which require bearings. 
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• Drivers: The key factor driving the bearings market growth is the strong demand for high-quality bearings. The improving economic conditions in developing economies are creating a huge requirement for highly efficient machines for manufacturing industrial goods and household appliances.
• Trends: The major trend driving bearings market growth is the increasing adoption of electric vehicles. The high adoption of electric vehicles in Europe, the US, and APAC, mostly in China and Japan, due to the presence of regulations on carbon emissions and environmental safety, is encouraging vendors to develop new hydraulic equipment for electric vehicles. Sales of electric cars in the US increased by 45% between June 2016 and June 2017. 
• Challenges: Increasing popularity of counterfeit products and used bearings is one of the key challenges hindering the bearings market growth. Bearings are highly essential for moving components in a machine to reduce frictional loss, which is unavoidable. The market is experiencing billions of dollars in sales every year with a large base of end-users. These products are illegally labeled and priced similarly to original brands. Thus, frequent breakdown time occurs within factories, which creates a bad image for original manufacturers worldwide.

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Get ready to achieve excellent business outcomes from this exclusive Bearings Market report by Technavio. The report will include highlights of the overall market which includes frequently asked questions such as -

• What are historical revenue figures and estimated revenue figures as well as CAGR during the forecast timeframe?
• What is the current trend taking place in the market space?
• Which business tactics will influence competitive scenarios along with defining the market's growth potential?
• What are market drivers, restraints, and challenges impacting demand & growth of the market?
• Which regions & segments will garner massive revenue and emerge as market leaders in upcoming years?

The competitive scenario provided in the Bearings Market report analyzes, evaluates, and positions companies based on various performance indicators. Some of the factors considered for this analysis include the financial performance of companies over the past few years, growth strategies, product innovations, new product launches, investments, growth in market share, etc. Don't wait, Make a strategic approach & boost your business goals with our Bearings Market Forecast Report -  Buy Now!

• The predicted growth for the coal handling equipment system market share in the mining industry from 2021 to 2026 is USD 2.25 billion at a progressing CAGR of 3.81%.
• The predicted growth of the material handling equipment market share in biomass power plants from 2021 to 2026 is USD 869.16 million at a progressing CAGR of 6.36%.

1 Executive Summary

2 Market Landscape

• 2.1 Market ecosystem
• • Exhibit 01: Parent market
  • Exhibit 02: Market characteristics

• 2.2 Value chain analysis
• • Exhibit 03: Value chain analysis - Industrial machinery

3 Market Sizing

• 3.1 Market definition
• • Exhibit 04: Offerings of vendors included in the market definition

• 3.2 Market segment analysis
• • Exhibit 05: Market segments

• 3.3 Market size 2020

• 3.4 Market outlook: Forecast for 2020 - 2025
• • Exhibit 06: Global - Market size and forecast 2020 - 2025 ($ million)
  • Exhibit 07: Global market: Year-over-year growth 2020 - 2025 (%)

4 Five Forces Analysis

• 4.1 Five forces summary
• • Exhibit 08: Five forces analysis 2020 & 2025

• 4.2 Bargaining power of buyers
• • Exhibit 09: Bargaining power of buyers

• 4.3 Bargaining power of suppliers
• • Exhibit 10: Bargaining power of suppliers

• 4.4 Threat of new entrants
• • Exhibit 11: Threat of new entrants

• 4.5 Threat of substitutes
• • Exhibit 12: Threat of substitutes

• 4.6 Threat of rivalry
• • Exhibit 13: Threat of rivalry

• 4.7 Market condition
• • Exhibit 14: Market condition - Five forces 2020

5 Market Segmentation by Product

• 5.1 Market segments
• • Exhibit 15: Product - Market share 2020-2025 (%)

• 5.2 Comparison by Product
• • Exhibit 16: Comparison by Product

• 5.3 Anti-friction bearings - Market size and forecast 2020-2025
• • Exhibit 17: Anti-friction bearings - Market size and forecast 2020-2025 ($ million)
  • Exhibit 18: Anti-friction bearings - Year-over-year growth 2020-2025 (%)

• 5.4 Magnetic bearings - Market size and forecast 2020-2025
• • Exhibit 19: Magnetic bearings - Market size and forecast 2020-2025 ($ million)
  • Exhibit 20: Magnetic bearings - Year-over-year growth 2020-2025 (%)

• 5.5 Other bearings - Market size and forecast 2020-2025
• • Exhibit 21: Other bearings - Market size and forecast 2020-2025 ($ million)
  • Exhibit 22: Other bearings - Year-over-year growth 2020-2025 (%)

• 5.6 Market opportunity by Product
• • Exhibit 23: Market opportunity by Product

6 Market Segmentation by End-user

• 6.1 Market segments
• • Exhibit 24: End user - Market share 2020-2025 (%)

• 6.2 Comparison by End user
• • Exhibit 25: Comparison by End user

• 6.3 Automotive industry - Market size and forecast 2020-2025
• • Exhibit 26: Automotive industry - Market size and forecast 2020-2025 ($ million)
  • Exhibit 27: Automotive industry - Year-over-year growth 2020-2025 (%)

• 6.4 Heavy industry - Market size and forecast 2020-2025
• • Exhibit 28: Heavy industry - Market size and forecast 2020-2025 ($ million)
  • Exhibit 29: Heavy industry - Year-over-year growth 2020-2025 (%)

• 6.5 ARS industry - Market size and forecast 2020-2025
• • Exhibit 30: ARS industry - Market size and forecast 2020-2025 ($ million)
  • Exhibit 31: ARS industry - Year-over-year growth 2020-2025 (%)

• 6.6 Others - Market size and forecast 2020-2025
• • Exhibit 32: Others - Market size and forecast 2020-2025 ($ million)
  • Exhibit 33: Others - Year-over-year growth 2020-2025 (%)

• 6.7 Market opportunity by End user
• • Exhibit 34: Market opportunity by End user

7 Customer landscape

• 7.1 Customer Landscape
• • Exhibit 35: Customer landscape

8 Geographic Landscape

• 8.1 Geographic segmentation
• • Exhibit 36: Market share by geography 2020-2025 (%)

• 8.2 Geographic comparison
• • Exhibit 37: Geographic comparison

• 8.3 APAC - Market size and forecast 2020-2025
• • Exhibit 38: APAC - Market size and forecast 2020-2025 ($ million)
  • Exhibit 39: APAC - Year-over-year growth 2020-2025 (%)

• 8.4 Europe - Market size and forecast 2020-2025
• • Exhibit 40: Europe - Market size and forecast 2020-2025 ($ million)
  • Exhibit 41: Europe - Year-over-year growth 2020-2025 (%)

• 8.5 North America - Market size and forecast 2020-2025
• • Exhibit 42: North America - Market size and forecast 2020-2025 ($ million)
  • Exhibit 43: North America - Year-over-year growth 2020-2025 (%)

• 8.6 South America - Market size and forecast 2020-2025
• • Exhibit 44: South America - Market size and forecast 2020-2025 ($ million)
  • Exhibit 45: South America - Year-over-year growth 2020-2025 (%)

• 8.7 MEA - Market size and forecast 2020-2025
• • Exhibit 46: MEA - Market size and forecast 2020-2025 ($ million)
  • Exhibit 47: MEA - Year-over-year growth 2020-2025 (%)

• 8.8 Key leading countries
• • Exhibit 48: Key leading countries

• 8.9 Market opportunity by geography
• • Exhibit 49: Market opportunity by geography ($ million)

9 Drivers, Challenges, and Trends

• 9.1 Market drivers

• 9.2 Market challenges

• 9.3 Market trends

10 Vendor Landscape

• 10.1 Overview
• • Exhibit 51: Vendor landscape

• 10.2 Landscape disruption
• • Exhibit 52: Landscape disruption
  • Exhibit 53: Industry risks

11 Vendor Analysis

• 11.1 Vendors covered
• • Exhibit 54: Vendors covered

• 11.2 Market positioning of vendors
• • Exhibit 55: Market positioning of vendors

• 11.3 AB SKF
• • Exhibit 56: AB SKF - Overview
  • Exhibit 57: AB SKF - Business segments
  • Exhibit 58: AB SKF - Key offerings
  • Exhibit 59: AB SKF - Segment focus

• 11.4 ASAHI SEIKO Co. Ltd.
• • Exhibit 60: ASAHI SEIKO Co. Ltd. - Overview
  • Exhibit 61: ASAHI SEIKO Co. Ltd. - Product and service
  • Exhibit 62: ASAHI SEIKO Co. Ltd. - Key offerings

• 11.5 C&U Group
• • Exhibit 63: C&U Group - Overview
  • Exhibit 64: C&U Group - Product and service
  • Exhibit 65: C&U Group - Key news
  • Exhibit 66: C&U Group - Key offerings

• 11.6 JTEKT Corp.
• • Exhibit 67: JTEKT Corp. - Overview
  • Exhibit 68: JTEKT Corp. - Business segments
  • Exhibit 69: JTEKT Corp. - Key offerings
  • Exhibit 70: JTEKT Corp. - Segment focus

• 11.7 LYC Bearing Corp.
• • Exhibit 71: LYC Bearing Corp. - Overview
  • Exhibit 72: LYC Bearing Corp. - Product and service
  • Exhibit 73: LYC Bearing Corp. - Key offerings

• 11.8 NSK Ltd.
• • Exhibit 74: NSK Ltd. - Overview
  • Exhibit 75: NSK Ltd. - Business segments
  • Exhibit 76: NSK Ltd.- Key news
  • Exhibit 77: NSK Ltd. - Key offerings
  • Exhibit 78: NSK Ltd. - Segment focus

• 11.9 NTN Corp.
• • Exhibit 79: NTN Corp. - Overview
  • Exhibit 80: NTN Corp. - Business segments
  • Exhibit 81: NTN Corp. - Key offerings
  • Exhibit 82: NTN Corp. - Segment focus

• 11.10 RBC Bearings Inc.
• • Exhibit 83: RBC Bearings Inc. - Overview
  • Exhibit 84: RBC Bearings Inc. - Business segments
  • Exhibit 85: RBC Bearings Inc. - Key news
  • Exhibit 86: RBC Bearings Inc. - Key offerings
  • Exhibit 87: RBC Bearings Inc. - Segment focus

• 11.11 Schaeffler AG
• • Exhibit 88: Schaeffler AG - Overview
  • Exhibit 89: Schaeffler AG - Business segments
  • Exhibit 90: Schaeffler AG - Key news
  • Exhibit 91: Schaeffler AG - Key offerings
  • Exhibit 92: Schaeffler AG - Segment focus

• 11.12 The Timken Co.
• • Exhibit 93: The Timken Co. - Overview
  • Exhibit 94: The Timken Co. - Business segments
  • Exhibit 95: The Timken Co. - Key offerings
  • Exhibit 96: The Timken Co. - Segment focus

12 Appendix

• 12.1 Scope of the report

• 12.2 Currency conversion rates for US$
• • Exhibit 97: Currency conversion rates for US$

• 12.3 Research methodology
• • Exhibit 98: Research Methodology
  • Exhibit 99: Validation techniques employed for market sizing
  • Exhibit 100: Information sources

• 12.4 List of abbreviations
• • Exhibit 101: List of abbreviations

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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SOURCE Technavio