Global Bearing Market 2014-2020: Industry Size, Trends and Forecast Report by ResearchMoz

on Sunday, 2 November 2014 include new market research report " Global Bearing Market 2014-2020: Market Size, Shares, Growth, Analysis, Trends And Forecast" to its huge collection of research reports.

Bearings are machine elements that are primarily used for reducing friction between moving parts. For instance, in case of a roller bearing, the rolling elements in the bearings withstand the load, allowing the device to spin smoothly. With technological advancements in several industry verticals such as automotive, construction, and oil and gas, the applications and functionalities of bearings are evolving continuously. High end technologies such as smart bearings facilitate manufacturers to monitor bearing operations constantly.

The global bearing market is expected to witness a substantial growth during the forecast period. This is due to its increasing demand across various application sectors such as automotive, industrial, railways, and aerospace sector. The increase in automobile production worldwide is stimulating the growth in demand for bearings and associated components. In addition, the need for energy efficiency in process industries has also augmented the worldwide demand for bearings significantly. Automotive is the highest revenue generating application segment in this market. Aerospace equipment segment is analyzed to be the fastest growing application segment in the bearing market.

Adoption of high end technologies such as smart bearings is also creating new opportunities for the bearing manufacturers globally. However, shrinking after sales market is acting as a restraining factor for the growth of bearing market, especially in automotive application segment. The rapid development of city infrastructures in the Middle East and Asia Pacific region is also influencing the growth of overall bearing market. Asia Pacific is analyzed to dominate the global bearing market throughout the forecast period. The region’s dominance is attributed to increasing production of motor vehicles in countries such as Japan, South Korea, China, and India. Moreover, rapid level of industrialization in this region is also contributing to growth of bearing market

This market research study analyzes the bearing market on a global level, and provides estimates in terms of revenue (USD billion) from 2014 to 2020. It recognizes the drivers and restraints affecting the industry and analyzes their impact over the forecast period. Moreover, it identifies the significant opportunities for market growth in the coming years.

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The report provides company market share analysis of various industry participants. The key players have also been profiled on the basis of company overview, financial overview, business strategies, SWOT analysis, and the recent developments in the field of bearing industry. Major market participants profiled in this report include SKF Group, Schaeffler Group, The Timken Company, NTN Corporation, JTEKT Corporation, and NSK Ltd. among others.

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