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Home>Global Bearings Market to 2025 - Research and Markets

Global Bearings Market to 2025 - Research and Markets

Global Bearings Market to 2025 - Research and Markets

09/29/2017

Global Bearings Market to 2025 - Research and Markets

The "Global Bearings Market Size, Market Share, Application Analysis, Regional Outlook, Growth Trends, Key Players, Competitive Strategies and Forecasts, 2017 - 2025" report has been added to Research and Markets' offering.

The global bearings market is expected to expand at a CAGR of 7.3% from 2016 - 2023, exceeding US$ 161.9 Bn by 2025.

The global bearings market is matured and concentrated. The top four bearing manufacturers account for the lions share in the global market. GE SKF Group, NSK Ltd., The Timken Company, Schaeffler Technologies GmbH & Co. KG, and NTN Corporation are identified as the leading bearings manufacturers worldwide. Other manufacturers including Minebea Co. Ltd., Spyraflo, Inc., JTKET Corporation, Federal Mogul Corp., Brammer Plc, HKT Bearings Ltd., C&U Group Company Limited, and NBI Bearings Europe, S.A. among others have been marked as promising and emerging players in the global bearings market.

The global market for bearings is price competitive. This has resulted in price wars, and is consequently leading to profit crunching. The innovations in the market are primarily directed towards the development of new materials (ex-silicon nitride ceramics). In addition, focus on developing efficient and application specific bearings is the prime strategy adopted by manufacturers in the market.

Key Trends:

  • Revival of the construction industry post economic slowdown
  • Increased Industrial Production and Agricultural Mechanization
  • Increasing us of high performance raw materials such as silicon nitride ceramics
  • Growing use of light weight bearings in automotive applications
  • Growing use of hybrid bearings in aerospace applications

Key Topics Covered:

1. Preface

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