As the main end users of bearings are automotive, aerospace, construction and others are rapidly evolving, market players are emphasizing on launching diverse categories of bearing products to target broad range of end-users. The advancements in automotive sector are expected to drive the global market throughout the forecast period.
Dubai, United Arab Emirates -- (SBWIRE) -- 12/11/2020 -- The new report on the Bearing market provides estimations of the size of the global market and share and size of key regional markets during the historical period of 2015 – 2019. According to the recent analysis by Fact.MR, the global bearing market is anticipated to witness growth of over 7% CAGR during the forecast period from the year 2020 to 2030. The business intelligence study offers readers a granular assessment of key growth dynamics, promising avenues, and the competitive landscape of the Bearing market.
COVID-19 impact
The SARS-CoV-2 pandemic has wreaked havoc across the world with high transmission rates and fatalities. With the closing down of manufacturing facilities and production units, a great loss has been observed. Furthermore, supply chain disruptions have also affected the Bearing market greatly. The global outbreak has affected numerous sectors and the Bearing market is no exception. The study highlights the positive and negative factors due to the COVID-19 outbreak on the global Bearing market.
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To offer a comprehensive assessment of opportunities, the study makes a scrutiny of growth prospects in various regions. The key regions comprise the following geographical segments:
North America (U.S., Canada)
Latin America (Brazil, Mexico, Argentina, Rest of Latin America)
Europe (Germany, Italy, France, U.K., Spain, Benelux, Russia, Rest of Europe)
East Asia (China, Japan, South Korea)
Japan
APEJ (China, India, Indonesia, Thailand, Singapore, Australia & New Zealand, Rest of Asia Pacific)
South Asia & Oceania (India, Thailand, Indonesia, Malaysia, Australia & New Zealand, Rest of South Asia & Oceania)
Middle East & Africa (GCC Countries, Turkey, Northern Africa, South Africa, Rest of Middle East & Africa)
The detailed assessments focus on, inter alia, on the regulatory and macroeconomic frameworks, prevailing pricing structure, imminent investment pockets, and emerging application areas. Taking the analysis further, the study helps readers get a better understanding of the trends characteristics of the emerging markets, including government regulations crucial to growth of such markets. Shares of major regional markets are also presented in the analysis.
The study provides detailed profile of key players and their offering in the Bearing market, which include
HKT Bearings Ltd.
Minebea Mitsumi Inc.
Nachi Fujikoshi Corp.
Igus Corporation
JTEKT Corporation
NSK Ltd.
Timken Company Ltd.
Wafangdian Bearing Group Co. Ltd.
NTN Corporation
Schaeffler Technologies AG & Co
SKF Inc.
The report offers insight into the competitive dynamic in the Bearing market which has shaped the major strategies of each player. It also covers recent moves such as partnerships and collaborations, mergers and acquisitions, diversification and research investments, of each prominent player. The key factors that shape the entry barrier and intensity of competition in the Bearing market are presented in the analysis. Further, the study provides Pestle analyses of numerous players and an evaluation of how the competitive landscape will evolve over the forecast period.
On the basis of Application, the global Bearing market report offers insights into the opportunities and new avenues of following key segments:
Automotive
Construction
Aerospace
Power Transmission
Oil and Gas
Agriculture
Others
Bearing Type,
Unmounted Bearing
Mounted Bearing
By Component,
Balls
Rollers
Cages
Rings
Others
In order to analyze growth prospects in aforementioned segments in the global Bearing market, the study assesses demand and consumption patterns of following product segments
Ball Bearing
Roller Bearing
Plain Bearing
Others
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The global Bearing market report answers numerous pertinent questions, some of which are:
What are some of the latent areas of investments in the Bearing market?
Which region is expected to emerge as showing the most attractive growth rate during the forecast period and which factors will be crucial to its growth?
What trends are likely to change the status quo of the positions held by leading players of the Bearing market in the not-so-distant future?
Which product/service/technology segments holds game-changing potential to dramatically shape the competitive dynamic in the Bearing market?
What are the strategies adopted by top players to retain their stronghold in the Bearing market?
Which strategic moves will new entrants adopt to gain a strong foothold in the Bearing market?
How can Fact.MR Make Difference?
In-depth understanding of key industry trends shaping the present growth dynamics
Offers value chain analysis and price trend analysis of various offering of competitors
Offers data-drive decision to help companies decide strategies that need recalibration
Offers insights into areas in research and development that should attract
Identifies data outliers before your competitors
Media Release: https://www.factmr.com/media-release/1729/global-bearing-market