Bearings Market Analysis APAC, Europe, North America, South America, Middle East and Africa - US, Canada, China, Japan, Germany - Size and Forecast 2024-2028

Published: Feb 2024 Pages: 175 SKU: IRTNTR43275

Bearings Market Forecast 2024-2028

The bearings market size is forecast to increase by USD 18.79 billion, at a CAGR of 4.06% between 2023 and 2028. The market growth analysis depends on several factors, such as the strong demand for high-quality bearings, the growing adoption of automation in the manufacturing process, and the APAC acting as a market enabler. Our market report examines historical data from 2018-2022, besides analyzing the current and forecasted market scenario.

A primary factor for the growth of the market in APAC is the growing demand for bearings from automotive, aerospace, electronic, electrical, and other end-users in developing countries such as China and India. Additionally, AB SKF offers bearings such as mounted, super precision, slewing, plain, magnetic and thin section bearings. Also, ASAHI SEIKO Co. Ltd. offers bearings such as Thermoplastic series insert, highly anti corrosive, aluminum series, Eco Silver series and MB series stainless steel.

Market Forecasting and Size

Market Forecast 2024-2028

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Market Dynamics

Our researchers studied the market research and growth data for years, with 2023 as the base year and 2023 as the estimated year, and presented the key drivers, trends, and challenges for the market.

Driver- Strong demand for high-quality bearings

The machine with less friction lasts longer and reduces the breakdown time, which further results in high productivity. Additionally, the market players are putting in efforts to achieve operational efficiency and increase their profitability due to the intense pressure from competitors. Thus, most of these market players are adopting advanced bearings that help them control manufacturing costs by reducing frictional losses significantly. 

Further, the demand for these bearings such as rolling and special, such as high-precision bearings and tapered bearings, is continuously rising among end-users due to their abilities to meet multiple industrial application-specific needs by providing high-efficiency to machines. These bearings are aggressively replacing older ones by enhancing the efficiency of machines. In addition, OEMs are more concerned about achieving low fuel consumption and emissions, along with increased safety requirements, which will drive market growth during the forecast period.

Trends- Strong demand for high-quality bearings

Additive manufacturing, also known as 3D printing, is a computer-controlled method that deposits materials, typically layer by layer, to build three-dimensional things. Additive manufacturing is used in the aerospace and defense sector to manufacture aircraft and engine components. Additive manufacturing, also called three-dimensional (3D) printing, has been gaining significant popularity in the manufacturing industry, including bearing manufacturing. The major factors driving the adoption of 3D printing are lower manufacturing costs, faster manufacturing, easy-to-upgrade products, low energy consumption, and reduced waste production.

Consequently, some of the prominent market players are adopting 3D printing technology to manufacture bearings. Schaeffler is one of the popular bearing manufacturers that has adopted 3D printing technology. The adoption of 3D printing technology will increase in the market in focus as the technology will enable manufacturers to adhere to customers' specification requirements. Hence, the adoption of 3D printing will be crucial for the growth of the market during the forecast period.

Challenge- Increasing popularity of counterfeit and used bearings

Bearings are highly essential for moving components in a machine to reduce frictional loss, which is unavoidable. The market is experiencing billions of dollars in sales every year with a large base of end-users. This attracts multiple counterfeit products to be sold at a competitive price. These products are illegally labeled and priced like the original brands. Thus, frequent breakdown times occur within factories, which creates a bad image for original manufacturers worldwide. The adoption of used products adversely affects the revenue generation from the sales of new ones.

Additionally, used products are widely available online on various web portals, such as the e-commerce portal of Alibaba Group Holding Ltd. Significant differences in the prices of used bearings compared with the prices of new bearings can encourage many end-users to invest in used products. Hence, the growing adoption of used bearings is expected to negatively impact the growth of the market during the forecast period.

Market Segmentation by Product, End-user, and Geography

Product Segment Analysis: 

The anti-friction bearings segment will account for a major share of the market's growth during the forecast period.? This segment minimize friction between equipment parts, enhancing efficiency and ease of use. Demand is rising in core manufacturing and automotive sectors, spanning industries like aerospace, railways, and wind power. Wind turbines, for instance, rely on various bearings for shafts, gearboxes, and generators.

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The anti-friction bearings segment was valued at USD 46.15 billion in 2018. While mechanical complexity increases their price, anti-friction bearings withstand high temperatures, crucial for low-speed applications. They're divided into ball bearings, suitable for radial and thrust loads, and roller bearings, ideal for heavy radial loads. Roller bearings, especially tapered ones like JTEKT's, dominate the market, driven by automotive and aerospace demands, while heavy industries propel ball bearings' growth. Thus, such factors will contribute to the growth of this segment in the market during the forecast period.

End-user Segment Analysis:

Based on end-user, the market has been segmented into the automotive industry, heavy industry, ARS industry, and others. The automotive industry?segment will account for the largest share of this segment. The automotive industry dominates the market due to the increased adoption of these products in various automotive components such as engines, gearboxes, transmissions, wheels, steering, electrical motors, and pumps. The growth in passenger cars and commercial vehicles globally is a major driver of the demand for bearings. Nowadays, market players are continuously working on miniaturized ball and high-precision ball bearings to make them suitable for application in EVs and other automobiles. Thus, such factors will drive the automotive segment of the market during the forecast period.

Regional Analysis

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APAC is estimated to contribute 39% to the growth by 2028. Technavio's analysts have provided extensive insight into the market forecasting, detailing the regional trends and drivers influencing the market's trajectory throughout the forecast period. The rise in disposable income is expected to accelerate the demand for machinery in automobiles, electronics and electrical devices, and other goods, which require bearings. Significant industrial development across countries like China, India, South Korea, Indonesia, and Taiwan will see a high level of machinery requirements in the respective industrial segment. 

Moreover, as industrial players enter this price-sensitive market, they need to focus on ramping up their production rate without affecting the quality of the product. Hence, the demand for this product is increasing steadily in the APAC region. Additionally, APAC dominates global automotive production, which creates significant demand for bearings through automotive OEMs operating in the region. Hence, such factors are expected to drive market growth in this region during the forecast period.

Who are the Major Market Companies?

Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.

C and U Group: The company offers bearings such as thrust ball bearings, self-aligning, precision, cylindrical roller, needle roller, slewing, and wheel hub bearings.

We also have detailed analyses of the market’s competitive landscape and offer information on 20 market companies, including:

Calnetix Technologies LLC, HKT BEARINGS Ltd., Italcuscinetti S.p.A., JTEKT Corp., Luoyang JCB Bearing Technology Co. Ltd., LYC Bearing Corp., MinebeaMitsumi Inc., NACHI FUJIKOSHI Corp., NBI Bearings Europe SA, NSK Ltd., NTN Corp., RBC Bearings Inc., Regal Rexnord Corp., Schaeffler AG, SRIJI GOPALJI INDUSTRIES PVT LTD., THB Bearings Co. Ltd., The Timken Co., and Wafangdian Guangyang Bearing Group Co. Ltd.

Technavio market forecast the an in-depth analysis of the market and its players through combined qualitative and quantitative data. The analysis classifies companies into categories based on their business approaches, including pure-play, category-focused, industry-focused, and diversified. Companies are specially categorized into dominant, leading, strong, tentative, and weak, based on their quantitative data analysis.  

Segment Overview

The market analysis and report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2018 to 2028. 

  • Product Outlook
    • Anti-friction bearings
    • Magnetic bearings
    • Other bearings
  • End-user Outlook 
    • Automotive industry
    • Heavy industry
    • ARS industry
    • Others
  • Region Outlook
    • North America
      • The U.S.
      • Canada
    • Europe
      • U.K.
      • Germany
      • France
      • Rest of Europe
    • APAC
      • China
      • India
    • South America
      • Chile
      • Brazil
      • Argentina
    • Middle East & Africa
      • Saudi Arabia
      • South Africa
      • Rest of the Middle East & Africa

Market Analyst Overview:

The global bearing market encompasses various industries, each with industry-specific requirements driving demand. Sectors such as automobile parts and farm equipment rely heavily for maintenance requirements and service life. Similarly, defense and aerospace equipment demand specialized bearing solutions to ensure turbine performance and reliability. In energy production, these are pivotal for performance improvement and energy efficiency.

Technological advancements have led to innovative product designs incorporating sensor units and digital monitoring for enhanced axial movement, deceleration, and acceleration control. This plays a critical role in rotation speed regulation and load-carrying capacity across applications.

The rise of the Agricultural Internet of Things (IoT) and connected equipment underscores the importance of smart bearings in vehicle production and industrial machinery. However, challenges like supply chain disruptions and market concentration amidst globalization require strategic collaborations for quality standards and regulatory compliance. Amidst these dynamics, niche offerings and fragmented players find opportunities through predictive maintenance services and technologically advanced solutions tailored for emerging economies.

Market Scope

Report Coverage

Details

Page number

175

Base year

2023

Historic period

2018-2022

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 4.06%

Market Growth 2024-2028

USD 18.79 billion

Market structure

Fragmented

YoY growth 2023-2024(%)

3.42

Regional analysis

APAC, Europe, North America, South America, and Middle East and Africa

Performing market contribution

APAC at 39%

Key countries

US, Canada, China, Japan, and Germany

Competitive landscape

Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks

Key companies profiled

AB SKF, ASAHI SEIKO Co. Ltd., C and U Group, Calnetix Technologies LLC, HKT BEARINGS Ltd., Italcuscinetti S.p.A., JTEKT Corp., Luoyang JCB Bearing Technology Co. Ltd., LYC Bearing Corp., MinebeaMitsumi Inc., NACHI FUJIKOSHI Corp., NBI Bearings Europe SA, NSK Ltd., NTN Corp., RBC Bearings Inc., Regal Rexnord Corp., Schaeffler AG, SRIJI GOPALJI INDUSTRIES PVT LTD., THB Bearings Co. Ltd., The Timken Co., and Wafangdian Guangyang Bearing Group Co. Ltd.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period. 

Customization purview

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What are the Key Data Covered in this Market Research Report?

  • CAGR of the market during the forecast period
  • Detailed information on factors that will drive the growth of the market between 2024 and 2028
  • Precise estimation of the market growth and trends and its contribution to the market in focus on the parent market
  • Accurate predictions about upcoming market trends and analysis and changes in consumer behavior
  • Market growth and forecasting across APAC, Europe, North America, South America, and Middle East and Africa
  • A thorough market analysis and report of the market’s competitive landscape and detailed information about companies
  • Comprehensive analysis of factors that will challenge the growth of market  companies

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1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Product
    • Exhibit 06: Executive Summary – Chart on Market Segmentation by End-user
    • Exhibit 07: Executive Summary – Chart on Incremental Growth
    • Exhibit 08: Executive Summary – Data Table on Incremental Growth
    • Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 10: Parent market
    • Exhibit 11: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 12: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 13: Market segments
  • 3.3 Market size 2023
    • 3.4 Market outlook: Forecast for 2023-2028
      • Exhibit 14: Chart on Global - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 15: Data Table on Global - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 16: Chart on Global Market: Year-over-year growth 2023-2028 (%)
      • Exhibit 17: Data Table on Global Market: Year-over-year growth 2023-2028 (%)

    4 Historic Market Size

    • 4.1 Global bearings market 2018 - 2022
      • Exhibit 18: Historic Market Size – Data Table on global bearings market 2018 - 2022 ($ billion)
    • 4.2 Product Segment Analysis 2018 - 2022
      • Exhibit 19: Historic Market Size – Product Segment 2018 - 2022 ($ billion)
    • 4.3 End-user Segment Analysis 2018 - 2022
      • Exhibit 20: Historic Market Size – End-user Segment 2018 - 2022 ($ billion)
    • 4.4 Geography Segment Analysis 2018 - 2022
      • Exhibit 21: Historic Market Size – Geography Segment 2018 - 2022 ($ billion)
    • 4.5 Country Segment Analysis 2018 - 2022
      • Exhibit 22: Historic Market Size – Country Segment 2018 - 2022 ($ billion)

    5 Five Forces Analysis

    • 5.1 Five forces summary
      • Exhibit 23: Five forces analysis - Comparison between 2023 and 2028
    • 5.2 Bargaining power of buyers
      • Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2023 and 2028
    • 5.3 Bargaining power of suppliers
      • Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2023 and 2028
    • 5.4 Threat of new entrants
      • Exhibit 26: Threat of new entrants – Impact of key factors in 2023 and 2028
    • 5.5 Threat of substitutes
      • Exhibit 27: Threat of substitutes – Impact of key factors in 2023 and 2028
    • 5.6 Threat of rivalry
      • Exhibit 28: Threat of rivalry – Impact of key factors in 2023 and 2028
    • 5.7 Market condition
      • Exhibit 29: Chart on Market condition - Five forces 2023 and 2028

    6 Market Segmentation by Product

    • 6.1 Market segments
      • Exhibit 30: Chart on Product - Market share 2023-2028 (%)
      • Exhibit 31: Data Table on Product - Market share 2023-2028 (%)
    • 6.2 Comparison by Product
      • Exhibit 32: Chart on Comparison by Product
      • Exhibit 33: Data Table on Comparison by Product
    • 6.3 Anti-friction bearings - Market size and forecast 2023-2028
      • Exhibit 34: Chart on Anti-friction bearings - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 35: Data Table on Anti-friction bearings - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 36: Chart on Anti-friction bearings - Year-over-year growth 2023-2028 (%)
      • Exhibit 37: Data Table on Anti-friction bearings - Year-over-year growth 2023-2028 (%)
    • 6.4 Magnetic bearings - Market size and forecast 2023-2028
      • Exhibit 38: Chart on Magnetic bearings - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 39: Data Table on Magnetic bearings - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 40: Chart on Magnetic bearings - Year-over-year growth 2023-2028 (%)
      • Exhibit 41: Data Table on Magnetic bearings - Year-over-year growth 2023-2028 (%)
    • 6.5 Other bearings - Market size and forecast 2023-2028
      • Exhibit 42: Chart on Other bearings - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 43: Data Table on Other bearings - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 44: Chart on Other bearings - Year-over-year growth 2023-2028 (%)
      • Exhibit 45: Data Table on Other bearings - Year-over-year growth 2023-2028 (%)
    • 6.6 Market opportunity by Product
      • Exhibit 46: Market opportunity by Product ($ billion)
      • Exhibit 47: Data Table on Market opportunity by Product ($ billion)

    7 Market Segmentation by End-user

    • 7.1 Market segments
      • Exhibit 48: Chart on End-user - Market share 2023-2028 (%)
      • Exhibit 49: Data Table on End-user - Market share 2023-2028 (%)
    • 7.2 Comparison by End-user
      • Exhibit 50: Chart on Comparison by End-user
      • Exhibit 51: Data Table on Comparison by End-user
    • 7.3 Automotive industry - Market size and forecast 2023-2028
      • Exhibit 52: Chart on Automotive industry - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 53: Data Table on Automotive industry - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 54: Chart on Automotive industry - Year-over-year growth 2023-2028 (%)
      • Exhibit 55: Data Table on Automotive industry - Year-over-year growth 2023-2028 (%)
    • 7.4 Heavy industry - Market size and forecast 2023-2028
      • Exhibit 56: Chart on Heavy industry - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 57: Data Table on Heavy industry - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 58: Chart on Heavy industry - Year-over-year growth 2023-2028 (%)
      • Exhibit 59: Data Table on Heavy industry - Year-over-year growth 2023-2028 (%)
    • 7.5 ARS industry - Market size and forecast 2023-2028
      • Exhibit 60: Chart on ARS industry - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 61: Data Table on ARS industry - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 62: Chart on ARS industry - Year-over-year growth 2023-2028 (%)
      • Exhibit 63: Data Table on ARS industry - Year-over-year growth 2023-2028 (%)
    • 7.6 Others - Market size and forecast 2023-2028
      • Exhibit 64: Chart on Others - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 65: Data Table on Others - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 66: Chart on Others - Year-over-year growth 2023-2028 (%)
      • Exhibit 67: Data Table on Others - Year-over-year growth 2023-2028 (%)
    • 7.7 Market opportunity by End-user
      • Exhibit 68: Market opportunity by End-user ($ billion)
      • Exhibit 69: Data Table on Market opportunity by End-user ($ billion)

    8 Customer Landscape

    • 8.1 Customer landscape overview
      • Exhibit 70: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    9 Geographic Landscape

    • 9.1 Geographic segmentation
      • Exhibit 71: Chart on Market share by geography 2023-2028 (%)
      • Exhibit 72: Data Table on Market share by geography 2023-2028 (%)
    • 9.2 Geographic comparison
      • Exhibit 73: Chart on Geographic comparison
      • Exhibit 74: Data Table on Geographic comparison
    • 9.3 APAC - Market size and forecast 2023-2028
      • Exhibit 75: Chart on APAC - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 76: Data Table on APAC - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 77: Chart on APAC - Year-over-year growth 2023-2028 (%)
      • Exhibit 78: Data Table on APAC - Year-over-year growth 2023-2028 (%)
    • 9.4 Europe - Market size and forecast 2023-2028
      • Exhibit 79: Chart on Europe - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 80: Data Table on Europe - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 81: Chart on Europe - Year-over-year growth 2023-2028 (%)
      • Exhibit 82: Data Table on Europe - Year-over-year growth 2023-2028 (%)
    • 9.5 North America - Market size and forecast 2023-2028
      • Exhibit 83: Chart on North America - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 84: Data Table on North America - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 85: Chart on North America - Year-over-year growth 2023-2028 (%)
      • Exhibit 86: Data Table on North America - Year-over-year growth 2023-2028 (%)
    • 9.6 South America - Market size and forecast 2023-2028
      • Exhibit 87: Chart on South America - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 88: Data Table on South America - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 89: Chart on South America - Year-over-year growth 2023-2028 (%)
      • Exhibit 90: Data Table on South America - Year-over-year growth 2023-2028 (%)
    • 9.7 Middle East and Africa - Market size and forecast 2023-2028
      • Exhibit 91: Chart on Middle East and Africa - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 92: Data Table on Middle East and Africa - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 93: Chart on Middle East and Africa - Year-over-year growth 2023-2028 (%)
      • Exhibit 94: Data Table on Middle East and Africa - Year-over-year growth 2023-2028 (%)
    • 9.8 China - Market size and forecast 2023-2028
      • Exhibit 95: Chart on China - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 96: Data Table on China - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 97: Chart on China - Year-over-year growth 2023-2028 (%)
      • Exhibit 98: Data Table on China - Year-over-year growth 2023-2028 (%)
    • 9.9 US - Market size and forecast 2023-2028
      • Exhibit 99: Chart on US - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 100: Data Table on US - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 101: Chart on US - Year-over-year growth 2023-2028 (%)
      • Exhibit 102: Data Table on US - Year-over-year growth 2023-2028 (%)
    • 9.10 Japan - Market size and forecast 2023-2028
      • Exhibit 103: Chart on Japan - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 104: Data Table on Japan - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 105: Chart on Japan - Year-over-year growth 2023-2028 (%)
      • Exhibit 106: Data Table on Japan - Year-over-year growth 2023-2028 (%)
    • 9.11 Germany - Market size and forecast 2023-2028
      • Exhibit 107: Chart on Germany - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 108: Data Table on Germany - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 109: Chart on Germany - Year-over-year growth 2023-2028 (%)
      • Exhibit 110: Data Table on Germany - Year-over-year growth 2023-2028 (%)
    • 9.12 Canada - Market size and forecast 2023-2028
      • Exhibit 111: Chart on Canada - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 112: Data Table on Canada - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 113: Chart on Canada - Year-over-year growth 2023-2028 (%)
      • Exhibit 114: Data Table on Canada - Year-over-year growth 2023-2028 (%)
    • 9.13 Market opportunity by geography
      • Exhibit 115: Market opportunity by geography ($ billion)
      • Exhibit 116: Data Tables on Market opportunity by geography ($ billion)

    10 Drivers, Challenges, and Trends

    • 10.1 Market drivers
      • 10.2 Market challenges
        • 10.3 Impact of drivers and challenges
          • Exhibit 117: Impact of drivers and challenges in 2023 and 2028
        • 10.4 Market trends

          11 Vendor Landscape

          • 11.1 Overview
            • 11.2 Vendor landscape
              • Exhibit 118: Overview on Criticality of inputs and Factors of differentiation
            • 11.3 Landscape disruption
              • Exhibit 119: Overview on factors of disruption
            • 11.4 Industry risks
              • Exhibit 120: Impact of key risks on business

            12 Vendor Analysis

            • 12.1 Vendors covered
              • Exhibit 121: Vendors covered
            • 12.2 Market positioning of vendors
              • Exhibit 122: Matrix on vendor position and classification
            • 12.3 AB SKF
              • Exhibit 123: AB SKF - Overview
              • Exhibit 124: AB SKF - Business segments
              • Exhibit 125: AB SKF - Key news
              • Exhibit 126: AB SKF - Key offerings
              • Exhibit 127: AB SKF - Segment focus
            • 12.4 ASAHI SEIKO Co. Ltd.
              • Exhibit 128: ASAHI SEIKO Co. Ltd. - Overview
              • Exhibit 129: ASAHI SEIKO Co. Ltd. - Product / Service
              • Exhibit 130: ASAHI SEIKO Co. Ltd. - Key offerings
            • 12.5 C and U Group
              • Exhibit 131: C and U Group - Overview
              • Exhibit 132: C and U Group - Product / Service
              • Exhibit 133: C and U Group - Key offerings
            • 12.6 HKT BEARINGS Ltd.
              • Exhibit 134: HKT BEARINGS Ltd. - Overview
              • Exhibit 135: HKT BEARINGS Ltd. - Product / Service
              • Exhibit 136: HKT BEARINGS Ltd. - Key offerings
            • 12.7 JTEKT Corp.
              • Exhibit 137: JTEKT Corp. - Overview
              • Exhibit 138: JTEKT Corp. - Business segments
              • Exhibit 139: JTEKT Corp. - Key news
              • Exhibit 140: JTEKT Corp. - Key offerings
              • Exhibit 141: JTEKT Corp. - Segment focus
            • 12.8 Luoyang JCB Bearing Technology Co. Ltd.
              • Exhibit 142: Luoyang JCB Bearing Technology Co. Ltd. - Overview
              • Exhibit 143: Luoyang JCB Bearing Technology Co. Ltd. - Product / Service
              • Exhibit 144: Luoyang JCB Bearing Technology Co. Ltd. - Key offerings
            • 12.9 LYC Bearing Corp.
              • Exhibit 145: LYC Bearing Corp. - Overview
              • Exhibit 146: LYC Bearing Corp. - Product / Service
              • Exhibit 147: LYC Bearing Corp. - Key offerings
            • 12.10 MinebeaMitsumi Inc.
              • Exhibit 148: MinebeaMitsumi Inc. - Overview
              • Exhibit 149: MinebeaMitsumi Inc. - Business segments
              • Exhibit 150: MinebeaMitsumi Inc. - Key news
              • Exhibit 151: MinebeaMitsumi Inc. - Key offerings
              • Exhibit 152: MinebeaMitsumi Inc. - Segment focus
            • 12.11 NACHI FUJIKOSHI Corp.
              • Exhibit 153: NACHI FUJIKOSHI Corp. - Overview
              • Exhibit 154: NACHI FUJIKOSHI Corp. - Business segments
              • Exhibit 155: NACHI FUJIKOSHI Corp. - Key news
              • Exhibit 156: NACHI FUJIKOSHI Corp. - Key offerings
              • Exhibit 157: NACHI FUJIKOSHI Corp. - Segment focus
            • 12.12 NBI Bearings Europe SA
              • Exhibit 158: NBI Bearings Europe SA - Overview
              • Exhibit 159: NBI Bearings Europe SA - Product / Service
              • Exhibit 160: NBI Bearings Europe SA - Key offerings
            • 12.13 NSK Ltd.
              • Exhibit 161: NSK Ltd. - Overview
              • Exhibit 162: NSK Ltd. - Product / Service
              • Exhibit 163: NSK Ltd. - Key offerings
            • 12.14 NTN Corp.
              • Exhibit 164: NTN Corp. - Overview
              • Exhibit 165: NTN Corp. - Business segments
              • Exhibit 166: NTN Corp. - Key offerings
              • Exhibit 167: NTN Corp. - Segment focus
            • 12.15 RBC Bearings Inc.
              • Exhibit 168: RBC Bearings Inc. - Overview
              • Exhibit 169: RBC Bearings Inc. - Business segments
              • Exhibit 170: RBC Bearings Inc. - Key news
              • Exhibit 171: RBC Bearings Inc. - Key offerings
              • Exhibit 172: RBC Bearings Inc. - Segment focus
            • 12.16 Regal Rexnord Corp.
              • Exhibit 173: Regal Rexnord Corp. - Overview
              • Exhibit 174: Regal Rexnord Corp. - Business segments
              • Exhibit 175: Regal Rexnord Corp. - Key offerings
              • Exhibit 176: Regal Rexnord Corp. - Segment focus
            • 12.17 Schaeffler AG
              • Exhibit 177: Schaeffler AG - Overview
              • Exhibit 178: Schaeffler AG - Business segments
              • Exhibit 179: Schaeffler AG - Key offerings
              • Exhibit 180: Schaeffler AG - Segment focus

            13 Appendix

            • 13.1 Scope of the report
              • 13.2 Inclusions and exclusions checklist
                • Exhibit 181: Inclusions checklist
                • Exhibit 182: Exclusions checklist
              • 13.3 Currency conversion rates for US$
                • Exhibit 183: Currency conversion rates for US$
              • 13.4 Research methodology
                • Exhibit 184: Research methodology
                • Exhibit 185: Validation techniques employed for market sizing
                • Exhibit 186: Information sources
              • 13.5 List of abbreviations
                • Exhibit 187: List of abbreviations

              Research Framework

              Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

              INFORMATION SOURCES

              Primary sources

              • Manufacturers and suppliers
              • Channel partners
              • Industry experts
              • Strategic decision makers

              Secondary sources

              • Industry journals and periodicals
              • Government data
              • Financial reports of key industry players
              • Historical data
              • Press releases

              DATA ANALYSIS

              Data Synthesis

              • Collation of data
              • Estimation of key figures
              • Analysis of derived insights

              Data Validation

              • Triangulation with data models
              • Reference against proprietary databases
              • Corroboration with industry experts

              REPORT WRITING

              Qualitative

              • Market drivers
              • Market challenges
              • Market trends
              • Five forces analysis

              Quantitative

              • Market size and forecast
              • Market segmentation
              • Geographical insights
              • Competitive landscape

              PURCHASE FULL REPORT OF

              bearings market market

              Key Questions Answered

              • What are the key global market and the regional market share?
              • What are the revenue-generating key market segments?
              • What are the key factors driving and challenging this market’s growth?
              • Who are the key market vendors and their growth strategies?
              • What are the latest trends influencing the growth of this market?
              • What are the variables influencing the market growth in the primary regions?
              • What are the factors influencing the growth of the parent market?

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