Global Roller Bearings Market 2017-2021

Overview of the global roller bearings market

Technavio’s market research report predicts that the global roller bearings market will post a CAGR of above 4% during the forecast period. The rising demand for passenger cars in one of the primary drivers for market growth. In countries like India and China, the automotive sales are foreseen to increase and contribute significantly to the growth of the market. In addition, the revival of the US economy is also observed to accelerate the sales of automobiles. Fast-growing urbanization, improved road infrastructure, rising personal mobility needs, and consumer preference for new models with increased fuel efficiency and low emissions have increased the demand for passenger vehicles in the Asian market. This rising sale of passenger cars will subsequently accelerate the growth of the roller bearings market.

The rising interest in electric vehicles (EVs) has induced the manufacturers to introduce new electrical vehicles with enhanced technology. The US aims to be the global leader in the future vehicle technologies and is looking to reduce its reliance on petroleum products for transportation with the financial incentives and R&D support. With the support from the government in terms of subsidies and the improving battery technology, countries such as China are also witnessing massive growth in the EV market. The major electric car manufacturing company Tesla introduced a high-performance supercar called Roadster. The company directly invested the revenue generated from sales of Roadster in R&D activities to produce a wide range of affordably priced cars. Such investments in the future technologies will be one of the major trends that will gain traction in the market in the next four years.

Competitive analysis and key vendors

The global roller bearings market consists of a limited number of manufacturers with large market shares. The market is largely capital-intensive and has low asset turnover. The vendors in the market should concentrate largely on the entry of counterfeit products specifically in areas like APAC. Moreover, the key vendors in the market must try to widen their geographical reach to facilitate the rising demand for roller bearings from numerous end-user industries in APAC, especially the emerging markets such as China, Indonesia, Vietnam, and India.

Key vendors in the market are:

• NSK
• NTN Bearing
• Schaeffler
• SKF
• Timken

Other prominent vendors include Brammer, C&U, HKT, HRB, MinebeaMitsumi, NBI Bearings, RCB bearing, and Rexnord.

Segmentation by application and analysis of the roller bearings market

• Automotive sector
• General engineering
• Heavy industry
• Aerospace and railways

During 2016, the automotive sector dominated the application segment of the global roller bearings market. The increasing demand for automobiles and sales and the rising investments in the automotive sector, will be the major factors driving the growth of the segment. 

Geographical segmentation and analysis of the roller bearings market

• Americas
• APAC
• EMEA

In terms of geography, APAC led the global roller bearings market during 2016 and is anticipated to continue the dominion during the forecast period. The rise in the construction, railways, automotive production, and other manufacturing industries will drive the growth of roller bearings market in APAC.

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global roller bearings market?
• What are the key market trends impacting the growth of the global roller bearings market?
• What are the challenges to market growth?
• Who are the key vendors in the global roller bearings market?
• What are the market opportunities and threats faced by the vendors in the global roller bearings market?
• Trending factors influencing the market shares of the Americas, APAC, and EMEA.
• What are the key outcomes of the five forces analysis of the global roller bearings market?

Technavio also offers customization on reports based on specific client requirement.