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.
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- 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
- IKO International Inc. / Nippon Thompson Co. Ltd.
- CPM S.p.A
- Luoyang Huigong Bearing Technology Co. Ltd. (CHG)
- NTN Bearing Corporation
- Franke GmbH
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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.
- 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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