Roller Bearings Market Scope and Size by 2031
MARKET OVERVIEW
Roller Bearings are bearings that use rolling elements, such as cylinders or balls, to reduce friction between moving parts and support radial and axial loads. Roller bearings are widely used in various applications, including automotive, industrial machinery, and construction equipment, due to their high load-carrying capacity, durability, and resistance to wear and tear. The growing demand for high-performance and reliable roller bearings is expected to drive the growth of the roller bearings market in the coming years. The high cost of roller bearings and the increasing adoption of alternative technologies, such as magnetic bearings, are major restraints in the roller bearings market.
MARKET SCOPE
The "Global Roller Bearings Market Analysis to 2031" is a specialized and in-depth study with a special focus on the global market trend analysis. The report aims to provide an overview of the roller bearings market with detailed market segmentation by product type, end-user, and geography. The report provides key statistics on the market status of the leading roller bearings market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- Based on product type, the global roller bearings market is segmented into cylindrical, tapered, needle, spherical, and others.
- Based on end-user, the roller bearings market is segmented into automotive, electrical, construction, agriculture, and others.
MARKET DYNAMICS
Drivers:
- An increase in the usage of heavy machinery in the construction industry and high demand for application-specific bearings are the major factors that drive the growth of the roller bearings market.
- The growing automobile sector heavily demands the roller bearing that fuels the growth of the market.
- Furthermore, the rising need for roller bearing in agriculture, construction, and electrical industry is expected to drive the growth of the roller bearing market.
Restraints:
- High installation costs and complex maintenance operations may hamper the growth of the market.
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The roller bearings market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the roller bearings market in these regions.
IMPACT OF COVID-19 ON ROLLER BEARINGS MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.
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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The roller bearings market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the roller bearings market in these regions.
IMPACT OF COVID-19 ON ROLLER BEARINGS MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.
MARKET PLAYERS
The report covers key developments in the roller bearings market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market players from roller bearings market are anticipated to lucrative growth opportunities in the future with the rising demand in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the roller bearings market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Brammer (RUBIX Group)
- C and U Group
- JTEKT Corporation
- NBI Bearings
- NSK Ltd.
- NTN Corp.
- RCB Bearing Incorporated
- Schaeffler Technologies AG and Co. KG
- SKF Group
- The Timken Company
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
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Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
TABLE OF CONTENTS
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Roller Bearings Market - By Product Type
1.3.2 Roller Bearings Market - By End-user
1.3.3 Roller Bearings Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. ROLLER BEARINGS MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PORTER'S FIVE FORCES ANALYSIS
4.2.1 Bargaining Power of Buyers
4.2.1 Bargaining Power of Suppliers
4.2.1 Threat of Substitute
4.2.1 Threat of New Entrants
4.2.1 Competitive Rivalry
4.3. ECOSYSTEM ANALYSIS
4.4. EXPERT OPINIONS
5. ROLLER BEARINGS MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. ROLLER BEARINGS MARKET - GLOBAL MARKET ANALYSIS
6.1. ROLLER BEARINGS - GLOBAL MARKET OVERVIEW
6.2. ROLLER BEARINGS - GLOBAL MARKET AND FORECAST TO 2027
6.3. MARKET POSITIONING/MARKET SHARE
7. ROLLER BEARINGS MARKET - REVENUE AND FORECASTS TO 2027 - PRODUCT TYPE
7.1. OVERVIEW
7.2. PRODUCT TYPE MARKET FORECASTS AND ANALYSIS
7.3. CYLINDRICAL
7.3.1. Overview
7.3.2. Cylindrical Market Forecast and Analysis
7.4. TAPERED
7.4.1. Overview
7.4.2. Tapered Market Forecast and Analysis
7.5. NEEDLE
7.5.1. Overview
7.5.2. Needle Market Forecast and Analysis
7.6. SPHERICAL
7.6.1. Overview
7.6.2. Spherical Market Forecast and Analysis
7.7. OTHERS
7.7.1. Overview
7.7.2. Others Market Forecast and Analysis
8. ROLLER BEARINGS MARKET - REVENUE AND FORECASTS TO 2027 - END-USER
8.1. OVERVIEW
8.2. END-USER MARKET FORECASTS AND ANALYSIS
8.3. AUTOMOTIVE
8.3.1. Overview
8.3.2. Automotive Market Forecast and Analysis
8.4. ELECTRICAL
8.4.1. Overview
8.4.2. Electrical Market Forecast and Analysis
8.5. CONSTRUCTION
8.5.1. Overview
8.5.2. Construction Market Forecast and Analysis
8.6. AGRICULTURE
8.6.1. Overview
8.6.2. Agriculture Market Forecast and Analysis
8.7. OTHERS
8.7.1. Overview
8.7.2. Others Market Forecast and Analysis
9. ROLLER BEARINGS MARKET REVENUE AND FORECASTS TO 2027 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Roller Bearings Market Overview
9.1.2 North America Roller Bearings Market Forecasts and Analysis
9.1.3 North America Roller Bearings Market Forecasts and Analysis - By Product Type
9.1.4 North America Roller Bearings Market Forecasts and Analysis - By End-user
9.1.5 North America Roller Bearings Market Forecasts and Analysis - By Countries
9.1.5.1 United States Roller Bearings Market
9.1.5.1.1 United States Roller Bearings Market by Product Type
9.1.5.1.2 United States Roller Bearings Market by End-user
9.1.5.2 Canada Roller Bearings Market
9.1.5.2.1 Canada Roller Bearings Market by Product Type
9.1.5.2.2 Canada Roller Bearings Market by End-user
9.1.5.3 Mexico Roller Bearings Market
9.1.5.3.1 Mexico Roller Bearings Market by Product Type
9.1.5.3.2 Mexico Roller Bearings Market by End-user
9.2. EUROPE
9.2.1 Europe Roller Bearings Market Overview
9.2.2 Europe Roller Bearings Market Forecasts and Analysis
9.2.3 Europe Roller Bearings Market Forecasts and Analysis - By Product Type
9.2.4 Europe Roller Bearings Market Forecasts and Analysis - By End-user
9.2.5 Europe Roller Bearings Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Roller Bearings Market
9.2.5.1.1 Germany Roller Bearings Market by Product Type
9.2.5.1.2 Germany Roller Bearings Market by End-user
9.2.5.2 France Roller Bearings Market
9.2.5.2.1 France Roller Bearings Market by Product Type
9.2.5.2.2 France Roller Bearings Market by End-user
9.2.5.3 Italy Roller Bearings Market
9.2.5.3.1 Italy Roller Bearings Market by Product Type
9.2.5.3.2 Italy Roller Bearings Market by End-user
9.2.5.4 Spain Roller Bearings Market
9.2.5.4.1 Spain Roller Bearings Market by Product Type
9.2.5.4.2 Spain Roller Bearings Market by End-user
9.2.5.5 Russia Roller Bearings Market
9.2.5.5.1 Russia Roller Bearings Market by Product Type
9.2.5.5.2 Russia Roller Bearings Market by End-user
9.2.5.6 Rest of Europe Roller Bearings Market
9.2.5.6.1 Rest of Europe Roller Bearings Market by Product Type
9.2.5.6.2 Rest of Europe Roller Bearings Market by End-user
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Roller Bearings Market Overview
9.3.2 Asia-Pacific Roller Bearings Market Forecasts and Analysis
9.3.3 Asia-Pacific Roller Bearings Market Forecasts and Analysis - By Product Type
9.3.4 Asia-Pacific Roller Bearings Market Forecasts and Analysis - By End-user
9.3.5 Asia-Pacific Roller Bearings Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Roller Bearings Market
9.3.5.1.1 Australia Roller Bearings Market by Product Type
9.3.5.1.2 Australia Roller Bearings Market by End-user
9.3.5.2 China Roller Bearings Market
9.3.5.2.1 China Roller Bearings Market by Product Type
9.3.5.2.2 China Roller Bearings Market by End-user
9.3.5.3 India Roller Bearings Market
9.3.5.3.1 India Roller Bearings Market by Product Type
9.3.5.3.2 India Roller Bearings Market by End-user
9.3.5.4 Japan Roller Bearings Market
9.3.5.4.1 Japan Roller Bearings Market by Product Type
9.3.5.4.2 Japan Roller Bearings Market by End-user
9.3.5.5 South Korea Roller Bearings Market
9.3.5.5.1 South Korea Roller Bearings Market by Product Type
9.3.5.5.2 South Korea Roller Bearings Market by End-user
9.3.5.6 Rest of Asia-Pacific Roller Bearings Market
9.3.5.6.1 Rest of Asia-Pacific Roller Bearings Market by Product Type
9.3.5.6.2 Rest of Asia-Pacific Roller Bearings Market by End-user
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Roller Bearings Market Overview
9.4.2 Middle East and Africa Roller Bearings Market Forecasts and Analysis
9.4.3 Middle East and Africa Roller Bearings Market Forecasts and Analysis - By Product Type
9.4.4 Middle East and Africa Roller Bearings Market Forecasts and Analysis - By End-user
9.4.5 Middle East and Africa Roller Bearings Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Roller Bearings Market
9.4.5.1.1 South Africa Roller Bearings Market by Product Type
9.4.5.1.2 South Africa Roller Bearings Market by End-user
9.4.5.2 Saudi Arabia Roller Bearings Market
9.4.5.2.1 Saudi Arabia Roller Bearings Market by Product Type
9.4.5.2.2 Saudi Arabia Roller Bearings Market by End-user
9.4.5.3 U.A.E Roller Bearings Market
9.4.5.3.1 U.A.E Roller Bearings Market by Product Type
9.4.5.3.2 U.A.E Roller Bearings Market by End-user
9.4.5.4 Rest of Middle East and Africa Roller Bearings Market
9.4.5.4.1 Rest of Middle East and Africa Roller Bearings Market by Product Type
9.4.5.4.2 Rest of Middle East and Africa Roller Bearings Market by End-user
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Roller Bearings Market Overview
9.5.2 South and Central America Roller Bearings Market Forecasts and Analysis
9.5.3 South and Central America Roller Bearings Market Forecasts and Analysis - By Product Type
9.5.4 South and Central America Roller Bearings Market Forecasts and Analysis - By End-user
9.5.5 South and Central America Roller Bearings Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Roller Bearings Market
9.5.5.1.1 Brazil Roller Bearings Market by Product Type
9.5.5.1.2 Brazil Roller Bearings Market by End-user
9.5.5.2 Argentina Roller Bearings Market
9.5.5.2.1 Argentina Roller Bearings Market by Product Type
9.5.5.2.2 Argentina Roller Bearings Market by End-user
9.5.5.3 Rest of South and Central America Roller Bearings Market
9.5.5.3.1 Rest of South and Central America Roller Bearings Market by Product Type
9.5.5.3.2 Rest of South and Central America Roller Bearings Market by End-user
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. ROLLER BEARINGS MARKET, KEY COMPANY PROFILES
11.1. BRAMMER (RUBIX GROUP)
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. C AND U GROUP
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. JTEKT CORPORATION
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. NBI BEARINGS
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. NSK LTD.
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. NTN CORP.
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. RCB BEARING INCORPORATED
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. SCHAEFFLER TECHNOLOGIES AG AND CO. KG
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. SKF GROUP
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. THE TIMKEN COMPANY
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
The List of Companies
- Brammer (RUBIX Group)
- C and U Group
- JTEKT Corporation
- NBI Bearings
- NSK Ltd.
- NTN Corp.
- RCB Bearing Incorporated
- Schaeffler Technologies AG and Co. KG
- SKF Group
- The Timken Company
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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