The beauty and personal care surfactants global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Bearings Market, 2024 report by The
Business Research Company offers comprehensive insights into the current state
of the market and highlights future growth opportunities.
Market Size -
The bearings market size has grown strongly in recent years. It will grow from
$125.89 billion in 2023 to $137.33 billion in 2024 at a compound annual growth
rate (CAGR) of 9.1%. The growth in the historic period can be
attributed to industrialization and manufacturing growth, expansion of
automotive and transportation sectors, increased in demand for energy and power
generation, growth in construction and infrastructure development, demand for
bearings in heavy machinery and equipment.
The bearings market size is expected to see strong growth in the next few
years. It will grow to $193.77 billion
in 2028 at a compound annual growth rate (CAGR) of 9.0%. The growth in the forecast period can be
attributed to adoption of bearings in renewable energy applications, demand for
bearings in medical and healthcare equipment, expansion of industrial
automation and robotics, growing investment in aerospace and aviation
technologies, market penetration in emerging economies and developing regions.
Major trends in the forecast period include technological advancements in
bearing materials and design, focus on sustainability and eco-friendly bearings,
3d printing and additive manufacturing of bearings, increasing investment in
research and development, shift towards high-speed and high-temperature
bearings.
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Scope Of Bearings Market
The Business Research Company's reports encompass a wide range of information,
including:
1. Market Size (Historic and Forecast): Analysis of the market's historical
performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market
landscape.
4. Key Segments: Breakdown of the market into its primary segments and their
respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and
geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting
the market.
Bearings Market Overview
Market Drivers -
An increase in demand for electric vehicles is expected to propel the growth of
the bearings market going forward. An electric vehicle (EV) is a motor vehicle
that is propelled by an electric motor rather than an internal-combustion
engine, which generates energy by burning a mixture of gasoline and gases. The
high speed of electric motors in EV and HEV powertrains necessitates the use of
specialized bearings. For instance, according to the annual global electric
vehicle outlook 2022, an annual report published by the International Energy
Agency (IEA), an intergovernmental organization, the sales of electric cars
including fully electric and plug-in hybrids were doubled in 2021 to reach a
new record of 6.6 million. In 2021, electric car sales nearly tripled to 3.3
million in China, accounting for about half of the global total. Therefore, an
increase in demand for electric vehicles is expected to boost demand for
bearings market during the forecast period.
The bearings market covered in this report is segmented –
1) By Bearing Type: Unmounted Bearing, Mounted Bearing
2) By Material: Metal, Plastic, Ceramics
3) By Application: Automotive, Agriculture, Electrical, Mining and
construction, Railway and Aerospace, Automotive Aftermarket, Other Applications
4) By Distribution Channel: Online, Offline
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market, Request now for Sample Report @
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Regional Insights -
Asia-Pacific was the largest region in the bearings market in 2023. Western
Europe is expected to be the fastest-growing region in the forecast period. The
regions covered in the bearings market report include Asia-Pacific, Western
Europe, Eastern Europe, North America, South America, Middle East and Africa.
Key Companies -
Major companies operating in the bearings market include Harbin Bearing Manufacturing Co. Ltd., HKT
Bearings Limited, Igus Inc., JTEKT Corporation, MinebeaMitsumi Inc., ISB
Industries S.r.l., KOYO Corporation of U.S.A., THB Bearings Co. Ltd., Myonic
GmbH, SKF Group, LYC Bearing Corporation Limited, NTN Corporation, RKB Europe
S.A., NSK Ltd., Brammer plc, NBI Bearings Europe S.A., Rexnord Corporation,
Schaeffler Technologies AG & Co. KG, The Timken Company, C&U Group
Company Limited, Luoyang LYC Bearing Co. Ltd., Daido Metal Co. Ltd., THK Co.
Ltd., GGB Bearing Technology, RBC Bearings Incorporated
Table of Contents
1. Executive Summary
2. Bearings Market Report Structure
3. Bearings Market Trends And Strategies
4. Bearings Market – Macro Economic
Scenario
5. Bearings Market Size And Growth
…..
27. Bearings Market Competitor Landscape
And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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