The global bearings market is expected to reach USD 117.27 billion by 2020. Growing need to address energy efficiency in several application areas is expected to drive the bearings market. Technological advancements along with investments in R&D activities are also expected to drive market demand over the forecast period. Development of seal technologies, light weight elements in high performance bearings and lubrication technologies offer several market growth opportunities. The aforementioned technologies exhibit high energy efficiency characteristics. Bearings help reduce energy consumption by reducing friction between several mechanical components in a wide range of industrial equipments and machinery. For example, the new E2 bearings developed by SKF are reported to help reduce friction significantly.
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Further key findings from the study suggest:
Ball bearings are expected to emerge as a high growth segment over the next few years as it exhibits the capability to reduce friction owing to smaller surface contact. Furthermore, ball bearings can be used with thrust as well as radial loading owing to their ability to spin smoothly. Deep groove bearings are simple in design, non-separable and need low maintenance owing to which the segment is expected to witness considerable growth over the next few years.
Growing demand for auto components and automobiles is expected to fuel market demand over the forecast period. The railway & aerospace sector is also expected to witness rapid growth over the next six years. Rise in the number of commuters using public transportation is expected to be the key market driver. Further, availability of improved ways to assist local as well as worldwide transportation systems also provide opportunities for market growth.
Table Of Content
Chapter 1. Methodology and Scope
1.1. Research Methodology
1.2. Research Scope & Assumption
1.3. List of Data Sources
Chapter 2. Executive Summary
2.1. Bearings - Industry Summary and Critical Success Factors (CSFs)
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Chapter 3. Bearings Industry Outlook
3.1. Market Segmentation
3.2. Market Size and Growth Prospects
3.3. Bearings Value Chain Analysis
3.4. Bearings Market Dynamics
3.5. Key Opportunities Prioritized
3.6. Industry Analysis - Porter's
3.7. Bearings - Company market share analysis, 2013
3.8. Bearings PESTEL Analysis, 2013
Chapter 4. Bearings Product Outlook
4.1. Ball Bearings
4.2. Roller Bearings
Chapter 5. Bearings Application Outlook
5.4. Mining & Construction
5.5. Railway & Aerospace
Chapter 6. Automotive Relays Regional Outlook
6.1. North America
6.3. Asia Pacific
6.4. Latin America
Chapter 7. Competitive Landscape
7.1. Brammer PLC
7.2. C&U Group Company Limited
7.3. Daido Metal Company Limited
7.4. Harbin Bearing Manufacturing Co., Ltd.
7.5 HKT Bearings Ltd.
7.6. JTEKT Corporation
7.7. Luoyang LYC Bearing Company Limited
7.8. Minebea Company Limited
7.9. NBI Bearings Europe, S.A.
7.10. NSK Global
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