Roller Bearings Market
Press Release

What will be the CAGR Value for Roller Bearings Market in 2026?

Exhibiting a CAGR of 3.0% between 2018 and 2026, the global roller bearings market is expected to reach US$ 26.71 Bn by 2026, as against US$ 21.05 Bn in 2018. Roller bearings are one of the earliest known types of rolling element bearing and are increasingly used in heavy machinery and equipment.  Fortune Business Insights in a new report, titled “Roller Bearings” Market Size, Share and Global Trend By Product Type (Tapered, Spherical, Cylindrical, Others), By Application (Automotive, Industrial Machinery, Aerospace, Others) and Geography Forecast till 2026” entails current roller bearings market trends between 2018 and 2026. Several manufacturing facilities and automotive firms use roller bearing material to improve the efficiency and performance of machinery and vehicles.

Request a Sample Copy of the Global Market Research Report: https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/roller-bearings-market-101249

Top Players

  • NTN Bearing Corporation
  • NSK Ltd.
  • THE TIMKEN COMPANY
  • Schaeffler Technologies AG & Co. KG
  • SKF
  • IKO International, Inc. / Nippon Thompson Co., Ltd.
  • JTEKT Corporation (Koyo)
  • com
  • Luoyang Huigong Bearing Technology Co., Ltd.
  • LYC Private Limited

Nowadays, industries are installing high-end and expensive equipment to ensure smooth functioning of their day-to-day operations. Against this backdrop, the demand for these bearings will fuel, which in turn, will augment the roller bearings market growth. As per the requirements, industrial firms use different types of roller bearings such as tapered, cylindrical, spherical, and needle, favoring the roller bearings market demand.   

The rising number of offshore wind farms is expected to moderately push the market to grow in the foreseeable future.

Rising Demand for Heavy Machinery to Favor Growth of Cylindrical Roller Bearings Segment

The cylindrical roller bearings segment covered the highest share in the global market in 2018. The demand for these bearings is expected to rise on account of their rising adoption across industries such as aerospace and automotive. Cylindrical roller bearings are used in heavy machinery to carry and handle heavy radial loads at high speed and performance. The roller bearings market size is anticipated to further expand with the increasing use of tapered roller bearings. These bearings are primarily designed to handle axial and radial forces at the same time. These are integrated into defense and medical equipment to accommodate combined loads. In the world of bearings, spherical roller bearings are likely to gain prominence owing to their numerous properties. These bearings have the ability to easily mount and erect, are highly reliable, and can withstand shock loads. Furthermore, these bearings are largely used in international markets and expanding its geographical presence to all the industries, especially in aerospace and automotive. The rising application of these type of bearings is expected to drive the market growth in the forecast period.

For more information in the analysis of this report, visit: https://www.fortunebusinessinsights.com/industry-reports/roller-bearings-market-101249

The demand for roller bearings is increasing in applications such as industrial machinery, automotive, aerospace, and others. As per the report, industrial machinery roller bearings hold a 31.1% share in the global market.

Segmentation

1. By Product Type

  • Tapered
  • Spherical
  • Cylindrical
  • Others (Thrust, Needles)

2. By Application

  • Automotive
  • Industrial Machinery
  • Aerospace
  • Others (Railway)

3. By Region

  • North America (The U.S. and Canada)
  • Europe (UK, Germany, France, Italy, Spain, and Rest of Europe)
  • Asia Pacific (Japan, China, India, Australia, Southeast Asia and Rest of Asia Pacific)
  • Middle East & Africa (South Africa, GCC and Rest of the Middle East & Africa)
  • Latin America (Brazil, Mexico and Rest of Latin America)

Order Complete Report https://www.fortunebusinessinsights.com/checkout-page/101249

Upgradation of Manufacturing Facilities to Boost the Market in Asia Pacific

The market in Asia Pacific covered US$ 7.40 Bn in 2018 and is projected to maintain its dominance through the forecast years. The growth is mainly attributable to the rising vehicle production in countries such as India, Japan, and China. The escalating demand for heavy machinery in these countries is another factor driving the market in this region. Moreover, manufacturing firms are putting efforts to upgrade their existing facilities with an aim to maintain accuracy and alignment. The demand for different types of bearings is increasing from the automotive industry. This will further increase the roller bearings market potential. With the growing technological advancements in the automotive industry, customers need customized roller bearings to minimize friction at important points of contact.

Other regions such as North America and Europe are expected to emerge in the roller bearings market through the forecast years.

INDUSTRY DEVELOPMENT:

  • January 2019: Schaeffler is on the verge of merging with companies namely INA Bearings India Pvt Limited and Luk India Pvt Limited. This expansion strategy will widen its existing portfolio of roller and ball bearings and other industrial applications.
  • January 2015: ERIKS NV arrived to enter into an agreement with The Timken Company to acquire the assets of a company based in the U.K. named Revolvo ltd. Revolvo Ltd. indulges in manufacturing roller bearings for industrial applications in process and heavy industries.

FOX Upgrades its Rear Bearing Shock Kit as per Customers’ Requirement 

Among the major players in the global market, SKF, Schaeffler, and Timken are leading. With the introduction of the 4th Industrial Revolution or Industry 4.0, companies are focusing on smart and automated roller bearings to further minimize the operational breakdown and enhance the efficiency of heavy machinery and equipment. Several companies are focusing on customized  bearings for their customers. For example, FOX’s FIT dampers were too heavy. The company addressed this problem by upgrading their roller bearing and fork damper to retain its customers. The newly introduced FIT4 fork damper & roller bearing kit is light-weight, has a smaller diameter, and is modified as per customer requirements. Another company, Schaeffler plans to merge with two Indian companies called Luk India Pvt Limited and INA Bearings India Pvt Limited in January 2019. The company aims to expand its product portfolio and geographical presence.

Have Any Query? Ask Our Experts   https://www.fortunebusinessinsights.com/enquiry/speak-to-analyst/roller-bearings-market-101249

Table of Content

5. Global Roller Bearings Market Analysis, Insights and Forecast, 2015-2026

5.1. Key Findings / Summary

5.2. Market Size Estimates and Forecasts

5.2.1. By Product Type (Value and Volume)

5.2.1.1. Tapered

5.2.1.2. Spherical

5.2.1.3. Cylindrical

5.2.1.4. Others (Thrust, Needles)

5.2.2. By Application (Value)

5.2.2.1. Automotive

5.2.2.2. Industrial Machinery

5.2.2.3. Aerospace

5.2.2.4. Others (Railway)

5.2.3. By Geography (Value)

5.2.3.1. North America

5.2.3.2. Europe

5.2.3.3. Asia Pacific

5.2.3.4. Middle East and Africa

5.2.3.5. Latin America

6. North America Roller Bearings Market Analysis, Insights and Forecast, 2015-2026

6.1. Key Findings / Summary

6.2. Market Size Estimates and Forecasts

6.2.1. By Product Type (Value and Volume)

6.2.1.1. Tapered

6.2.1.2. Spherical

6.2.1.3. Cylindrical

6.2.1.4. Others (Thrust, Needles)

6.2.2. By Application (Value)

6.2.2.1. Automotive

6.2.2.2. Industrial Machinery

6.2.2.3. Aerospace

6.2.2.4. Others (Railway)

6.2.3. By Country (Value)

6.2.3.1. United States

6.2.3.2. Canada

7. Europe Roller Bearings Market Analysis, Insights and Forecast, 2015-2026

7.1. Key Findings / Summary

7.2. Key Policies and Regulations

7.3. Market Size Estimates and Forecasts

7.3.1. By Product Type (Value and Volume)

7.3.1.1. Tapered

7.3.1.2. Spherical

7.3.1.3. Cylindrical

7.3.1.4. Others (Thrust, Needles)

7.3.2. By Application (Value)

7.3.2.1. Automotive

7.3.2.2. Industrial Machinery

7.3.2.3. Aerospace

7.3.2.4. Others (Railway)

7.3.3. By Country (Value)

7.3.3.1. Germany

7.3.3.2. Italy

7.3.3.3. France

7.3.3.4. Spain

7.3.3.5. Rest of Europe

8. Asia Pacific Roller Bearings Market Analysis, Insights and Forecast, 2015-2026

8.1. Key Findings / Summary

8.2. Market Size Estimates and Forecasts

8.2.1. By Product Type (Value and Volume)

8.2.1.1. Tapered

8.2.1.2. Spherical

8.2.1.3. Cylindrical

8.2.1.4. Others (Thrust, Needles)

8.2.2. By Application (Value)

8.2.2.1. Automotive

8.2.2.2. Industrial Machinery

8.2.2.3. Aerospace

8.2.2.4. Others (Railway)

8.2.3. By Country (Value)

8.2.3.1. China

8.2.3.2. Japan

8.2.3.3. India

8.2.3.4. South East Asia

8.2.3.5. Rest of APAC

9. Middle East and Africa Roller Bearings Market Analysis, Insights and Forecast, 2015-2026

9.1. Key Findings / Summary

9.2. Market Size Estimates and Forecasts

9.2.1. By Product Type (Value and Volume)

9.2.1.1. Tapered

9.2.1.2. Spherical

9.2.1.3. Cylindrical

 9.2.1.4. Others (Thrust, Needles)

9.2.2. By Application (Value)

9.2.2.1. Automotive

9.2.2.2. Industrial Machinery

9.2.2.3. Aerospace

9.2.2.4. Others (Railway)

9.2.3. By Country (Value)

9.2.3.1. GCC

9.2.3.2. South Africa

9.2.3.3. Rest of MEA

10. Latin America Roller Bearings Market Analysis, Insights and Forecast, 2015-2026

10.1. Key Findings / Summary

10.2. Market Size Estimates and Forecasts

10.2.1. By Product Type (Value and Volume)

10.2.1.1. Tapered

10.2.1.2. Spherical

10.2.1.3. Cylindrical

10.2.1.4. Others (Thrust, Needles)

10.2.2. By Application (Value)

 

TOC Continued….!

(Have a Look at Reports Trending in “Machinery & Equipment” Industry)

View Related Reports:

Crawler Dozers Market Size To Reach USD 10.04 Billion By 2026; Increasing Mining Activities Across the Globe to Ramp up Market Demand

CNC Machine Tools Market to Grow at 5.5% CAGR till 2026; Increasing Advancements in Internet of Things (IoT) to Favor the Market

Mechanical Seals Market to Exhibit 5.2% CAGR till 2026; Increasing Demand for Advanced Sealing Material in Industries to Positively Impact Market Growth

About Us
Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them to address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.

Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data.

At Fortune Business Insights™ we aim at highlighting the most lucrative growth opportunities for our clients. We, therefore, offer recommendations, making it easier for them to navigate through technological and market-related changes. Our consulting services are designed to help organizations identify hidden opportunities and understand prevailing competitive challenges.

Contact Us
Fortune Business Insights™ Pvt. Ltd.
308, Supreme Headquarters,
Survey No. 36, Baner,
Pune-Bangalore Highway,
Pune – 411045, Maharashtra, India.

Phone
US :+1 424 253 0390
UK : +44 2071 939123
APAC : +91 744 740 1245

Email: [email protected]