Bearing
is an essential part of machinery which helps to reduce the friction of motion
and increases the smoothness of machine. Bearings are widely use in automotive
industry which helps to increase the speed of vehicle. Bearing reduces the
friction between fixed and moving machine parts. However, it requires
consistent maintenance to prevent early failure. The desperate need for
energy-efficient vehicles and the expanding demand for bearings from the
defense and aerospace industry increase the importance of bearing.
Browse the full “Bearing Market -
Global Industry Perspective, Comprehensive Analysis and Forecast, 2014 – 2020
“report at http://www.syndicatemarketresearch.com/market-analysis/bearing-market.html
Bearing market is
mainly driven by growing automotive market across the world. Strong growth of
automotive sector in Asia Pacific region is expected to further drive the demand
for bearing market through forecast period. The rising demand across various
application sectors such as industrial, railways and aerospace sector is
expected to witness a substantial growth during the forecast period.
Development of seal technologies, light weight elements in high performance
bearings and lubrication technologies gives some market growth opportunities.
The
report covers forecast and analysis for the bearing market on a global and
regional level. The study provides historic data of 2014 along with a forecast
from 2014 to 2020 based on revenue (USD Billion). The report also offers
detailed competitive landscape of the global bearing market. It includes
company market share analysis, product portfolio of the major industry
participants. The report provides detailed segmentation of the bearing market
based on product, application segment and region. On the basis of product, the
global bearing market is segmented into ball bearing, plain bearing and roller
bearing. The ball bearing product segment of bearing market is the fastest
growing segment of bearing market through the forecast period due to its
advantages like smaller surface contact and less friction.
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Automotive,
agriculture, electrical, mining & construction, railway & aerospace and
other applications are the key applications involved in the bearing
market. Bearing applications in motor vehicles that is automotive held
the highest revenue share in 2014. Major regional segments analyzed in this
study include North America, Europe, Asia Pacific, Latin America, and Middle
East and Africa. This report also provides further bifurcation of region on the
country level. Major countries analyzed in this reports are U.S., Germany,
France, UK, China, Japan, India, and Brazil. Asia Pacific was the dominating
region in the global market of bearing in 2014 due to booming automobile
industry in this region. Asia Pacific is followed by Europe and North America.
The report covers detailed
competitive outlook including company profiles of the key participants
operating in the global market. Key players profiled in the report include
Wafangdian Bearing Co. Ltd, Rexnord Corporation, NTN Corporation, C&U
Group, The Timken Company Brammer PLC, Schaeffler Group, SKF Group, JTEKT
Corporation, and The Timken Company NSK Ltd.
This report segments the global
bearing market as follows:
Global Bearing Market: Product Segment Analysis
Global Bearing Market: Product Segment Analysis
·
Ball bearing
·
Plain bearing
·
Roller bearing
Global Bearing Market: Application
Segment Analysis
·
Automotive
·
Agriculture
·
Electrical
·
Mining & Construction
·
Railway & Aerospace
·
Others
Global Bearing Market: Regional
Segment Analysis
·
North America
o
U.S.
·
Europe
o
UK
o
France
o
Germany
·
Asia Pacific
o
China
o
Japan
o
India
·
Latin America
o
Brazil
·
Middle East & Africa
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