Global Tapered Roller Bearings Market 2017-2021

Overview of the global tapered roller bearings market

Various economies across the globe are limiting environmental pollution and capping the excessive use of non-renewable energy by adopting renewable sources of energy. This is driving the demand for tapered roller bearings in the renewable energy sector because they are extensively used in wind industry. Technavio's market research report identifies that the adoption of tapered roller bearings for renewable energy equipment will be one of the primary growth drivers for the global tapered roller bearings market till 2021. Manufacturers in the wind energy plants extensively employ tapered roller bearings because they offer precision control to the turbines. Taper roller bearings are highly required to carry out multiple onshore and offshore operations in the wind industry by providing sustainable bearing solutions. Additionally, they also offer high dimensional accuracy and a significant running tolerance. Technavio's market research analysts predict that this market will grow at a CAGR of more than 5% by 2021.

The manufacturers in various countries such as China and Japan in APAC are increasingly focusing on the development of future steel vehicles (FSV), hybrid electric vehicles (HEV), and other green technologies. The increasing demand for electric and light vehicles will spur the demand for tapered roller bearings in this region during the projected period.

Competitive landscape and key vendors

The tapered roller bearings market is characterized by the presence of several regional and global vendors. These vendors are trying to gain more attention by differentiating their products that of their competitors?. Additionally, they are also taking efforts to expand their geographical reach by enhancing their product portfolios in the roller bearings market.

Key vendors in this market are -

• NSK
• NTN
• Schaeffler
• SKF
• Timken

Other prominent vendors in the market include AST Bearings, Boca Bearings, CPM SpA, Fersa Bearings, HRB, JTEKT, LYC Bearing, Nachi-Fujikoshi, NKE, Regal Beloit Corporation, and RKB.

Segmentation by type and analysis of the tapered roller bearings market

• Single-row tapered roller bearings
• Double-row tapered roller bearings
• Four-row tapered roller bearings

Single-row tapered roller bearings are used across various end-user sectors due to their versatility and overall performance. Also, they occupy less space since they are small in size. The segment will continue to grow for the next four years because single-row tapered roller bearings can be easily mounted on peripheral equipment and different components.

Segmentation by end-user and analysis of the tapered roller bearings market

• Automotive industry
• Mining industry
• Heavy machinery industry
• Aviation industry
• Construction industry
• Agriculture industry

The adoption of tapered roller bearings is high in the automotive industry due to the design of the bearings that enable them to carry heavy loads. Also, when tapered roller bearings are fixed with the components of an automobile, they enhance the engine control, improve the vehicle-braking system, and help in the avoidance of accidents.

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 tapered roller bearings market?
• What are the key market trends impacting the growth of the global tapered roller bearings market?
• What are the challenges to market growth?
• Who are the key vendors in the global tapered roller bearings market?
• What are the market opportunities and threats faced by the vendors in the global tapered roller bearings market?
• What are the 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 tapered roller bearings market?

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

This upcoming research report on the global tapered roller bearings market offers insights into the emerging drivers and key trends influencing the growth of the industrial automation industry. Our market research reports for the industrial automation industry also follow an extensive data collection methodology to offer an in-depth analysis of the automation sector. The report outlines key market intelligence factors such as market size, emerging trends, growth rate, key drivers, and key vendors.

Through an in-depth analysis of business intelligence factors such as competition, technology, pricing, and products, research analysts at Technavio produce report containing complete competitive landscape of the tapered roller bearings market. Research analysts conduct primary and secondary analysis by gathering information from industry experts, trade journals, webinars, and industry surveys.

The upcoming report on the global tapered roller bearings market also considers the growth of related markets such as the low voltage motors market and industrial roller chain drives market which are expected to grow at the rate of 10% and 3%, respectively, for the forecast period of 2017 to 2021. The report also conducts geographic segmentation by covering the Americas, APAC, and EMEA. Apart from this, the report also provides an extensive competitive landscape by covering vendors such as SKF, Timken, NSK, NTN, NBC Bearings, AST Bearings, and Schaeffler.

The report also highlights the demand-supply gaps, key drivers, competitive intelligence, emerging geographic regions, as well as the restraints faced by the automation sector. Technavio also provides deep-dive market assessments into the robotics sector.

Our market research methodology for the global tapered roller bearings market

Technavio also offers clients the option to customize every report to suit their specific requirements and offers attractive discounts on all upcoming reports and future purchases.