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Cross Roller Bearings Industry Global Market Growth, Size, Share, Demand, Trends and Forecasts to 2026

The global cross roller bearings market is likely to gain impetus from the increasing number of automated machinery and rise in the standard of living of people. According to a report by Fortune Business Insights, titled, “Cross Roller Bearings Market Size, Share and Global Trend by Type (Single Inner and Split Outer Ring, Split Inner and Single Outer Ring, Others), By Dimension (18 to 50mm, 50 to 150mm, 150 to 250 mm, 250 to 400 mm, 400 to 630 mm, 630 to 800 mm, >800 mm), By Industrial Vertical (Industrial Machinery, Medical Systems, Robotics, Semiconductor Manufacturing Equipment) and Geography Forecast till 2026,” the global market was valued at US$ 1,261.9 Mn in 2018. The market is projected to reach US$ 1,519.9 Mn by 2026, exhibiting a CAGR of 2.36% during the forecast period from 2019 – 2026.

For more information in the analysis of this report, visit

https://www.fortunebusinessinsights.com/industry-reports/cross-roller-bearings-market-101117

Top Players

  • AEC
  • Luoyang Ouna Bearing Co. Ltd. (ONA)
  • NSK Ltd.
  • JTEKT Corporation (Koyo)
  • The Timken Company
  • ISB Bearing
  • Schaeffler Technologies AG & Co. KG
  • Hiwin Corporation
  • LYC Bearing Corporation
  • SKF
  • IKO International Inc. / Nippon Thompson Co. Ltd.
  • CPM S.p.A
  • Luoyang Huigong Bearing Technology Co. Ltd. (CHG)
  • NTN Bearing Corporation
  • Franke GmbH

An Overview of the Impact of COVID-19 on this Market:

The emergence of COVID-19 has brought the world to a standstill. We understand that this health crisis has brought an unprecedented impact on businesses across industries. However, this too shall pass. Rising support from governments and several companies can help in the fight against this highly contagious disease. There are some industries that are struggling and some are thriving. Overall, almost every sector is anticipated to be impacted by the pandemic.

We are taking continuous efforts to help your business sustain and grow during COVID-19 pandemics. Based on our experience and expertise, we will offer you an impact analysis of coronavirus outbreak across industries to help you prepare for the future.

Click here to get the short-term and long-term impact of COVID-19 on this Market. Please visit: https://www.fortunebusinessinsights.com/enquiry/covid19-impact/cross-roller-bearings-market-101117

The report further states that manufacturers are focusing on producing customized bearings according to the requirement of the consumers. Large diameter cross roller bearings are used in agriculture, mining, and construction sectors. The demand for them is also increasing rapidly day by day. Apart from these factors, there has been a rise in the number of renewable energy industry, automated machinery, and new motion equipment across the globe. All these factors are expected to contribute to the global cross roller bearings market growth.

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the forecast period. This is because the manufacturers have started shifting rapidly towards industrial robots for material moving and handling as well as industrial automation systems. In the medical sector, the usage of robots has increased at a fast pace. They are being used to perform complex tasks as well as critical surgeries. Technologically advanced medical equipment and machinery are also contributing to the growth of the global cross roller bearings market.

INDUSTRY DEVELOPMENT:

  • August 2018: The Timken Company completes acquisition of ABC Bearings Ltd in order to expand its presence in India and enhance export capabilities across the global market.
  • April 2017: The Timken Company acquired the shares of Torsion Control Products Inc. This acquisition was completed to develop special bearings.

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