Mounted Bearing Market by Product, Market Channel, Housing, Equipment, End-use Industry (Agri, Transportation, Construction & Mining, F&B, Chemical & Pharma, Energy, General Industrial, Pulp & Paper, Others) and Region - Global Forecast to 2025
[211 Pages Report] The global mounted bearing market size is projected to grow from USD 1.4 billion in 2020 to USD 1.9 billion by 2025, at a CAGR of 5.8%. The base year for the report is 2019, and the forecast period is from 2020 to 2025. The mounted bearing market is driven by adoption of mounted bearings in numerous industries; increased efficiency and long life with less maintenance requirements of mounted bearing; growing demand for specialized bearings for cost optimization; and increasing development and adoption of sensor-based bearing units and IoT.
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COVID-19 impact on mounted bearing market:
The COVID-19 pandemic is expected to have slight impact on the mounted bearing market. Mounted bearings have huge potential in both the process and discrete industries. Companies such as Greenply, Action Tesa and Asahi Glass are immensely reliant upon mounted bearing for material transfer and handling. Impact of COVID-19 will be higher on bigger bearings and lower on smaller bearings since the production and sales in discrete industries like cement, mining, etc have been slow lately due to lockdowns all around the world. Bigger bearings are used in construction and mining industry. These activities are stalled due to the pandemic. Smaller bearings are used in the agriculture industry and food & beverage. These industries are less affected due to the pandemic. Hence, demand for smaller bearings will be there during the pandemic. Downgrade of 8-10% volume in 2020. It will pick up once the construction projects start. Maintenance cycle will be extended due to the low amount of pressure in production.
Market Dynamics:
Driver: Adoption of mounted bearings in major industries
The increasing adoption of mounted bearings in major industries such as food & beverages, mining & minerals, and pulp & paper drive the mounted bearing market.
According to the United States Department of Agriculture, food processing plants accounted for a share of 15% of the value of shipments from the US in 2018. Meat processing, dairy, and beverages contributed 24%, 13%, and 12%, respectively to the total food processing shipment in the same year. Improved economic conditions and increased consumption would likely to boost the demand for machineries for food processing. Stringent food safety standards and the adoption of new technologies drive the demand for premium mounted bearings. Efficient material handling through conveyers is also expected to increase the demand for mounted bearings in the food processing industry. Mounted bearings are used in packaging and pallet wrapping applications as well.
Major companies in the beverage industry are implementing measures to reduce water and energy consumption during the production process. The use of premium bearings in the conveyor increases sustainability by reducing water consumption. Mounted bearings are primarily used in conveyers for bottling applications.
Mounted bearings are also used in belt loaders, carousels, conveyors, sorters, and stackers in warehouses and distribution centers for material handling and reduce operating costs, and increase high return on investment.
Restraint: Availability of counterfeit products
Counterfeit bearings are a major restraint in the mounted bearing market. Counterfeit bearings lead to higher costs, risks, and reduced machine reliability with frequent bearing failures. These bearings are manufactured using low-grade materials that are often processed on aging machines operated by minimum-wage operatives. Packaging of these counterfeit bearings makes them look like a replica of original products, making it tough for customers to differentiate between the counterfeit and original products. These poor-quality products fail more often when putting into service, increasing the associated maintenance and purchasing costs–and these increased costs are invariably much higher than the amount saved on the unit price of the bearing when it was purchased. According to industry experts, in most cases, distributors are held responsible for the distribution of counterfeit bearings, and counterfeit suppliers intend to make much more profit on the transactions than they would have done supplying the original bearings.
Opportunity: Increasnig development and adoption of sensor-based bearing unit and IoT
Sensors are essential in industrial automation as well as motion control systems. They are the vital link between the data collected through physical systems and the communication link that transmits data to the monitoring facilities or cloud. Sensors are used to keep a check on the performances of bearings, as failed bearing could lead to costly downtime. The
IIoT (Industrial IoT) sensor is a complex combination of software and hardware. IIoT sensors could be used as acoustic and chemical sensors to liquid levels and temperature monitoring sensors. Proximity sensors are another type, which is mounted onto bearings. IoT sensors are not limited to the collection and sending of data but include processing and decision-making functions as well. This added function saves engineering time as well as cost.
Major bearing manufacturers are shifting toward sensor-based mounted bearings, which are expected to enhance early detection of bearing malfunction and monitor performance. ABB is one of the top players in the mounted bearing market. It offers ABB Ability Smart Sensor, an easy-to-use, wireless sensor that monitors the health of ABB Dodge mounted bearings, allowing users to reduce downtime, improve reliability, and operate safely. Warnings on decreasing the health status of mounted bearings allow maintenance before there is a problem, and the system is down
Challenge: Increasing reliability and contamination issue
The risk of failure is a major challenge for the manufacturers of the mounted bearing. The sudden failure of bearings could lead to unplanned downtime and premature replacement of bearings. Some of the major reasons for the failure of bearings are excessive load, overheating, true brinelling, and lubricant failure. Contamination is one of the leading causes of failures in bearings. Contamination symptoms are denting of the bearing raceways and balls, resulting in high vibration and wear. Contaminants include airborne dust, dirt, or any abrasive substance, while dirty tools, contaminated work areas, dii hands, and foreign matter in lubricants or cleaning solutions are some of the primary sources. ABB has recommended advanced triple lip seal and rubberized flingers, which offers much more protection against the sand getting through to the bearing. ABB has also proposed the use of synthetic grease rather than standard grease. In the practical application of these developments, the replacement frequency is not drastically affected, as the company expected it would.
Agriculture, farming, & fishery segment is expected to be the fastest during the forecast period
Several years of strong supplies, associated with slow growth in demand, have exerted downward pressure on the international prices of most agricultural commodities, with cereal, beef, and sheep meat prices showing short-term rebounds. Productivity growth in agriculture is expected to stay ahead of food demand. The growing global population will continue to use increasing amounts of agricultural products as food, feed, and for industrial purposes. Much of the additional food demand over the coming decade will originate in regions with high population growth, in particular, Sub-Saharan Africa, South Asia, and the Middle East and North Africa. In the agriculture industry, the demand for machinery and equipment is growing to ease operations, increase productivity, and enhance efficiency. The mechanization of various activities and the increased performance of machines and equipment has enabled the processing of heavier objects and the cultivation of larger areas. Some of the key equipment used are horizontal and vertical conveyors, worm conveyors, various auxiliary transmissions, ploughs, and harvesters. As a result, the demand for equipment parts and bearings in the industry is growing, which will drive the mounted bearing market. Healthy demand for equipment that uses mounted bearings has also been seen in the farming and fishery industries.
Conveyor segment will have a major share in the mounted bearing market during the forecast period
The conveyors segment is estimated to be the largest in the global mounted bearings market, by equipment type. The growth of the segment can be attributed to the extensive use of conveyors in the construction, manufacturing, paper, automotive, mining, and mineral industries. Conveyors can be used to transfer light as well as heavy or bulky material efficiently. Large conveyor applications in industries require multiple types of bearings, which drives the growth of this segment in the mounted bearings market. According to L.A.C. Conveyors & Automation, the conveyors market is projected to reach around USD 10 billion by 2025.
“The Asia Oceania mounted bearing market is projected to hold the largest share by 2025.”
Growing focus on infrastructure developments to accommodate the growing population would represent a suitable business environment for manufacturers in the steel, cement, and metal processing sectors. As a result, industrial machinery producers would witness major growth opportunities post 2020 as the economy in the region rebounds. Major economies are expected to outline economic packages to boost the growth of small and medium companies to combat the downward economic trend due to the COVID-19 pandemic. Countries such as China and Japan would be key growth drivers of the Asia Oceania mounted bearing market. Companies have established manufacturing bases in this region, and countries in this region act as major export hubs. Bearing manufacturers such as SKF (Sweden), JTEKT Corporation (Japan), FYH Inc.(Japan), and NTN (Japan) have a strong presence in this region. These manufacturers are rapidly expanding their presence in this region to increase their market share for industrial bearings.
The market in the region is competitive; the development of low-cost bearing solutions is likely to increase as companies in the manufacturing industry are looking for measures to reduce production costs.
Key Market Players
The global mounted bearing market is dominated by major players such as SKF (Sweden), Schaeffler (Germany), THE TIMKEN COMPANY (US), NSK (Japan), and ABB (Switzerland). These companies offer a wide variety of mounted bearing fulfilling all major functions and applications in various end-use industries. The key strategies adopted by these companies to sustain their market position are new product developments, expansions, mergers &acquisitions, and partnerships & collaboration.
Scope of the Report
|
Report Metric |
Details |
|
Market size available for years |
2018–2025 |
|
Base year considered |
2019 |
|
Forecast period |
2020-2025 |
|
Forecast units |
Value (USD Million) |
|
Segments covered |
Product type, housing type, end-use industry type, equipment type, market channel, and Region |
|
Geographies covered |
Asia Oceania, Europe, LTAM, MEA, and North America |
|
Companies Covered |
SKF (Sweden), Schaeffler (Germany), THE TIMKEN COMPANY (US), NSK (Japan), and ABB (Switzerland) |
This research report categorizes the mounted bearing market based on product type, housing type, end-use industry type, equipment type, market channel, and region.
Based on the Product Type:
- Ball Bearing
- Roller Bearing
- Spherical
- Cylinderical
- Tapered
- Others
Based on the Housing Type:
- Plummer Block
- Flanged Block
- Take-up Block
- Others
Based on the End-use Industries Type:
- Food & Beverage
- Agriculture
- Farm & Fish
- Construction & Mining
- Automotive
- Chemical & Pharmaceutical
- Energy
- General Industrial & Machinery
- Other Transportation
- Pulp & Paper
- Others
Based on the Equipment Type:
- Ball Mill Drives
- Fans & Blowers
- Gearbox & Transmission
- Conveyors
- Crushers
- Mixer Drives
- Others
Based on the Market Channel:
- OE Market
- Aftermarket
Based on the region:
- Asia Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia Oceania
- North America
- US
- Canada
- Mexico
- Europe
- France
- Germany
- Italy
- Russia
- United Kingdom
- Rest of Europe
- LATAM
- Brazil
- Argentina
- Rest of LATAM
- MEA
- Iran
- South Africa
- Rest of MEA
Recent Developments
- In June 2019, ABB launched Dodge Safety Mount spherical roller bearings with a built-in patented locking mechanism that reduces installation time by up to 75% compared to traditional products. These bearings are best suited for bulk material and air handling applications, the new bearing mounts by tightening fasteners instead of using a hammer and other tools.
- In March 2019, ABB launched Dodge Food Safe mounted ball bearings, which are designed to withstand caustic, high-pressure cleaning and sanitation processes. The new bearings are the first industrial bearings to achieve the IP69 water protection rating without the use of an end cover, making them ideal for use in the food and beverage industry, where equipment must be aggressively cleaned. They are the only bearings to carry a warranty against failure due to water ingress.
- In June 2020, SKF has developed a new mobile app that simplifies the task of mounting and replacing bearings. SKF Bearing Assist app provides detailed mounting instructions for a comprehensive range of SKF bearings. It is suitable for use by all engineering and maintenance teams to avoid incorrect mounting, reduce installation time and cost, and extend the operating life of bearings.
- In March 2019, THE TIMKEN COMPANY expanded its mounted bearing offerings with a new spherical roller bearing solid block housed units. These housed units are suitable for beer pasteurizers and in warming and cooling equipment. It allows easier installation and removal for a multitude of applications as it features new double-nut design. In addition, the double-nut design eliminates difficult measuring process and saves time while mounting. These housed units are suitable for harsh environments.
Frequently Asked Questions (FAQ):
Which countries are considered in the Asia Oceania region?
The report includes the following European countries
- China
- India
- Japan
- South Korea
- Australia
- Rest of Asia Oceania
We are interested in the regional mounted bearing market for various housing type. Does this report cover the component segment?
Yes, the mounted bearing market for housing type is covered at a global level. However, regional level markets can be provided as separate customization.
Does this report include the impact of COVID-19 on the mounted bearing market ecosystem?
Yes, the market includes qualitative insights on the COVID-19 impact on the mounted bearing ecosystem.
Does this report contain the market size of different industries, especially for food & beverage?
Yes, the market size of various industries (food & beverage, agriculture, farm & fish, construction & mining, automotive, chemical & pharmaceutical, energy, general industrial & machinery, other transportation, pulp & paper, and others) is extensively covered in terms of value.
Does this report contain the market size of different product types, especially for ball bearings and spherical roller bearings?
Yes, the market size of product type [(ball bearings and roller bearings (spherical roller bearings, cylindrical roller bearing, tapered roller bearing, and others)] is extensively covered in value. .
To speak to our analyst for a discussion on the above findings, click Speak to Analyst
TABLE OF CONTENTS
1 INTRODUCTION (Page No. - 26)
1.1 OBJECTIVES OF THE STUDY
1.2 MARKET DEFINITION
1.2.1 END-USE INDUSTRIES & SUBCATEGORIES
1.2.2 INCLUSIONS & EXCLUSIONS
TABLE 1 INCLUSIONS & EXCLUSIONS IN MOUNTED BEARING MARKET
1.3 MARKET SCOPE
1.3.1 MARKETS COVERED
FIGURE 1 MOUNTED BEARING MARKET: MARKET COVERED
1.3.2 YEARS CONSIDERED FOR THE STUDY
1.4 CURRENCY EXCHANGE RATES (W.R.T. USD)
1.5 MAJOR LIMITATIONS OF THE STUDY
1.6 STAKEHOLDERS
2 RESEARCH METHODOLOGY (Page No. - 33)
2.1 RESEARCH DATA
FIGURE 2 MOUNTED BEARING MARKET: RESEARCH DESIGN
FIGURE 3 RESEARCH DESIGN MODEL
2.1.1 SECONDARY DATA
2.1.1.1 key secondary sources for base numbers
2.1.1.2 key data from secondary sources
2.1.2 PRIMARY DATA
FIGURE 4 BREAKDOWN OF PRIMARY INTERVIEWS
2.1.3 SAMPLING TECHNIQUES & DATA COLLECTION METHODS
2.1.4 PRIMARY PARTICIPANTS
2.2 MARKET SIZE ESTIMATION
FIGURE 5 DATA TRIANGULATION APPROACH
2.2.1 TOP-DOWN APPROACH
FIGURE 6 MARKET SIZE ESTIMATION: MOUNTED BEARING MARKET
FIGURE 7 TOP-DOWN APPROACH: MOUNTED BEARING MARKET
2.3 MARKET BREAKDOWN
2.4 ASSUMPTIONS
FIGURE 8 GENERAL ASSUMPTIONS
FIGURE 9 MOUNTED BEARING MARKET: SPECIFIC ASSUMPTIONS
2.5 RISK ASSESSMENT & RANGES
TABLE 2 RISK ASSESSMENT & RANGES
3 EXECUTIVE SUMMARY (Page No. - 43)
FIGURE 10 MOUNTED BEARING MARKET: MARKET OVERVIEW
FIGURE 11 MOUNTED BEARING MARKET DYNAMICS
FIGURE 12 ASIA OCEANIA ESTIMATED TO BE LARGEST MARKET FOR MOUNTED BEARINGS IN 2020
FIGURE 13 ROLLER BEARINGS SEGMENT ESTIMATED TO DOMINATE MOUNTED BEARING MARKET IN 2020
FIGURE 14 CONVEYORS SEGMENT PROJECTED TO HOLD LARGEST SHARE BY 2025
FIGURE 15 FOOD & BEVERAGE TO BE LARGEST END-USE INDUSTRY OF MOUNTED BEARINGS BY 2025
4 PREMIUM INSIGHTS (Page No. - 47)
4.1 ATTRACTIVE OPPORTUNITIES IN MOUNTED BEARING MARKET
FIGURE 16 INCREASING APPLICATIONS OF MOUNTED BEARINGS ACROSS INDUSTRIES TO DRIVE MARKET GROWTH
4.2 MOUNTED BEARING MARKET, BY COUNTRY
FIGURE 17 INDIA PROJECTED TO BE FASTEST-GROWING MOUNTED BEARING COUNTRY MARKET DURING FORECAST PERIOD
4.3 ASIA OCEANIA MOUNTED BEARING MARKET, BY END-USE INDUSTRY & COUNTRY
FIGURE 18 FOOD & BEVERAGE AND CHINA PROJECTED TO ACCOUNT FOR LARGEST SHARE OF ASIA OCEANIA MOUNTED BEARING MARKET IN 2020
4.4 MOUNTED BEARING MARKET, BY PRODUCT TYPE
FIGURE 19 BALL BEARINGS SEGMENT PROJECTED TO GROW FASTER DURING FORECAST PERIOD
4.5 MOUNTED BEARING MARKET, BY EQUIPMENT TYPE
FIGURE 20 CONVEYORS SEGMENT ESTIMATED TO DOMINATE, BY EQUIPMENT TYPE
5 MARKET OVERVIEW (Page No. - 50)
5.1 INTRODUCTION
5.2 MARKET DYNAMICS
FIGURE 21 MOUNTED BEARING MARKET DYNAMICS
5.2.1 DRIVERS
5.2.1.1 Adoption of mounted bearings in major industries
5.2.1.2 Increased efficiency and long life with less maintenance requirements
5.2.2 RESTRAINTS
5.2.2.1 Availability of counterfeit products
5.2.3 OPPORTUNITIES
5.2.3.1 Growing demand for specialized bearings for cost optimization
5.2.3.2 Increasing development and adoption of sensor-based bearing units and IoT
5.2.4 CHALLENGES
5.2.4.1 Increasing reliability and contamination issues
5.3 MOUNTED BEARING MARKET, SCENARIOS (2020–2025)
5.3.1 MOUNTED BEARING MARKET, MOST LIKELY SCENARIO
TABLE 3 MOUNTED BEARING MARKET (MOST LIKELY), BY REGION, 2020–2025 (USD MILLION)
5.3.2 MOUNTED BEARING MARKET, OPTIMISTIC SCENARIO
TABLE 4 MOUNTED BEARING MARKET (OPTIMISTIC), BY REGION, 2020–2028 (UNITS)
5.3.3 MOUNTED BEARING MARKET, PESSIMISTIC SCENARIO
TABLE 5 MOUNTED BEARING MARKET (PESSIMISTIC), BY REGION, 2020–2028 (UNITS)
5.4 INTRODUCTION TO COVID-19
5.5 COVID-19 HEALTH ASSESSMENT
FIGURE 22 COVID-19: THE GLOBAL PROPAGATION
FIGURE 23 COVID-19 PROPAGATION: SELECT COUNTRIES
5.6 COVID-19 ECONOMIC ASSESSMENT
FIGURE 24 REVISED GROSS DOMESTIC PRODUCT FORECASTS FOR SELECT G20 COUNTRIES IN 2020
5.6.1 COVID-19 ECONOMIC IMPACT—SCENARIO ASSESSMENT
FIGURE 25 CRITERIA IMPACTING THE GLOBAL ECONOMY
FIGURE 26 SCENARIOS IN TERMS OF RECOVERY OF THE GLOBAL ECONOMY
5.6.2 IMPACT ON GLOBAL MOUNTED BEARING MARKET
6 INDUSTRY TRENDS (Page No. - 61)
6.1 TECHNOLOGY OVERVIEW
6.1.1 INTRODUCTION
6.1.2 SMART SENSOR MOUNTED BEARINGS
FIGURE 27 SMART SENSOR MOUNTED BEARINGS
6.1.3 CONNECTED MOUNTED BEARINGS
6.1.4 SUB-MICRON COATING, POLYMER COATED AND ENGINEERED PLASTIC BEARINGS
6.1.5 FOOD GRADE MOUNTED BEARINGS
FIGURE 28 FOOD LINE BALL BEARING UNITS
6.1.6 KEY TRENDS IN THE MOUNTED BEARING MARKET
6.1.6.1 Self-aligning bearing unit
FIGURE 29 SELF-ALIGNING PEDESTAL AND FLANGE BEARING HOUSING
6.1.6.2 Non-metallic mounted bearings
6.1.6.3 Ceramic bearings
6.1.6.4 Self-Lubricating mounted bearings
FIGURE 30 SELF-LUBRICATING CARTRIDGES
FIGURE 31 SELF-LUBRICATING ASSEMBLY
6.1.7 INSIGHTS ON MATERIALS USED FOR MANUFACTURING BEARING HOUSING
6.2 PATENT ANALYSIS
6.2.1 SEALED BEARING MODULE
6.2.2 SPACER AND SENSOR MODULE TO DETECT VIBRATIONAL BEHAVIOR OF MECHANICAL COMPONENTS
6.2.3 TAPERED ROLLER BEARING WITH PRESSURIZED RIB RING
6.3 CASE STUDY ANALYSIS
6.4 KEY MARKETS FOR EXPORT/IMPORT OF ROLLER OR BALL BEARINGS
6.4.1 IMPORTERS OF ROLLER OR BALL BEARINGS, 2019
6.4.2 EXPORTERS OF ROLLER OR BALL BEARINGS, 2019
6.5 VALUE CHAIN ANALYSIS
FIGURE 32 VALUE CHAIN ANALYSIS OF MOUNTED BEARING MARKET
6.5.1 PLANNING AND REVISING FUNDS
6.5.2 MOUNTED BEARING SUPPLIERS
6.5.3 MOUNTED BEARING DEVELOPMENT
6.5.4 OEMS/DISTRIBUTORS
6.6 PORTER’S FIVE FORCES
7 MOUNTED BEARING MARKET, BY PRODUCT TYPE (Page No. - 73)
7.1 INTRODUCTION
FIGURE 33 TYPES OF BEARINGS
TABLE 6 TYPES AND STRUCTURE OF BEARINGS MANUFACTURED BY SKF
FIGURE 34 TYPES OF LOAD ON BEARINGS
7.1.1 RESEARCH METHODOLOGY
FIGURE 35 RESEARCH METHODOLOGY
FIGURE 36 MOUNTED BEARING MARKET, BY PRODUCT TYPE, 2020 VS. 2025 (USD MILLION)
TABLE 7 MOUNTED BEARING MARKET, BY PRODUCT TYPE, 2018–2025 (USD MILLION)
7.2 OPERATIONAL DATA
TABLE 8 TYPES OF BEARINGS: PERFORMANCE COMPARISON
7.3 BALL BEARINGS
7.3.1 VERSATILITY AND COST-EFFECTIVENESS OF BALL BEARINGS DRIVE DEMAND
TABLE 9 MOUNTED BALL BEARINGS MARKET, BY REGION, 2018–2025 (USD MILLION)
7.4 ROLLER BEARINGS
FIGURE 37 ROLLER MOUNTED BEARING MARKET, BY TYPE, 2020 VS. 2025 (USD MILLION)
7.4.1 DEMAND FROM HEAVY INDUSTRIES FOR HEAVY RADIAL AND AXIAL LOADS FUELS ROLLER BEARINGS SEGMENT GROWTH
TABLE 10 MOUNTED ROLLER BEARINGS MARKET, BY REGION, 2018–2025 (USD MILLION)
TABLE 11 MOUNTED ROLLER BEARINGS MARKET, BY TYPE, 2018–2025 (USD MILLION)
7.4.2 TAPERED ROLLER BEARINGS
7.4.3 SPHERICAL ROLLER BEARINGS
7.4.4 CYLINDRICAL ROLLER BEARINGS
7.4.5 OTHERS
7.5 MARKET LEADERS
TABLE 12 RECENT DEVELOPMENTS, BY PRODUCT TYPE
7.6 KEY PRIMARY INSIGHTS
8 MOUNTED BEARINGS MARKET, BY EQUIPMENT TYPE (Page No. - 83)
8.1 INTRODUCTION
FIGURE 38 MOUNTED BEARING MARKET, BY EQUIPMENT TYPE, 2020 VS. 2025 (USD MILLION)
TABLE 13 MOUNTED BEARINGS MARKET, BY EQUIPMENT TYPE, 2018–2025 (USD MILLION)
8.1.1 RESEARCH METHODOLOGY
8.2 OPERATIONAL DATA
TABLE 14 MOUNTED BEARINGS USED IN MIXER DRIVE SYSTEMS
TABLE 15 INDUSTRY VS. EQUIPMENT MATRIX
8.3 BALL MILL DRIVES
8.3.1 USE OF BALL MILL DRIVES IN MATERIAL HANDLING DRIVES DEMAND FOR MOUNTED BEARINGS
TABLE 16 BALL MILL DRIVES: MOUNTED BEARING MARKET, BY REGION, 2018–2025 (USD MILLION)
8.4 FANS & BLOWERS
8.4.1 USE OF FANS & BLOWERS IN AIR HANDLING WILL BOOST DEMAND FOR MOUNTED BEARINGS
TABLE 17 FANS & BLOWERS: MOUNTED BEARING MARKET, BY REGION, 2018–2025 (USD MILLION)
8.5 GEARBOX & TRANSMISSION
8.5.1 NEED TO IMPROVE SPEED & TORQUE OF MACHINES DRIVES DEMAND IN GEARBOX & TRANSMISSION SEGMENT
TABLE 18 GEARBOX & TRANSMISSION: MOUNTED BEARING MARKET, BY REGION, 2018–2025 (USD MILLION)
8.6 CONVEYORS
8.6.1 DEMAND FOR SMOOTH MATERIAL HANDLING ACROSS INDUSTRIES DRIVES MARKET IN CONVEYORS SEGMENT
TABLE 19 CONVEYORS: MOUNTED BEARING MARKET, BY REGION, 2018–2025 (USD MILLION)
8.7 CRUSHERS
8.7.1 HEAVY LOAD COMPRESSING OF MATERIALS IN CONSTRUCTION FUELS CRUSHERS SEGMENT
TABLE 20 CRUSHERS: MOUNTED BEARING MARKET, BY REGION, 2018–2025 (USD MILLION)
8.8 MIXER DRIVES
8.8.1 NEED FOR MIXER DRIVES IN PROCESSING INDUSTRIES WILL ENHANCE MARKET GROWTH
TABLE 21 MIXER DRIVES: MOUNTED BEARING MARKET, BY REGION, 2018–2025 (USD MILLION)
8.9 OTHERS
8.9.1 GROWING DEMAND FOR CRANES AND ELEVATORS TO DRIVE OTHER EQUIPMENT MARKET
TABLE 22 OTHER EQUIPMENT: MOUNTED BEARING MARKET, BY REGION, 2018–2025 (USD MILLION)
8.10 MARKET LEADERS
TABLE 23 RECENT DEVELOPMENTS, BY EQUIPMENT TYPE
8.11 KEY PRIMARY INSIGHTS
FIGURE 39 KEY PRIMARY INSIGHTS
9 MOUNTED BEARING MARKET, BY MARKET CHANNEL (Page No. - 94)
9.1 INTRODUCTION
9.1.1 RESEARCH METHODOLOGY
FIGURE 40 RESEARCH METHODOLOGY
FIGURE 41 MOUNTED BEARING MARKET, BY MARKET CHANNEL, 2020 VS. 2025 (USD MILLION)
TABLE 24 MOUNTED BEARING MARKET, BY MARKET CHANNEL, 2018–2025 (USD MILLION)
9.2 OE MARKET
9.2.1 HIGH-VOLUME ORDERS ARE KEY TO GROWTH OF THE OE MARKET
TABLE 25 MOUNTED BEARING OE MARKET, BY REGION, 2018–2025 (USD MILLION)
9.3 AFTERMARKET
9.3.1 GROWING DEALER AND DISTRIBUTOR NETWORK MAY DRIVE AFTERMARKET SEGMENT
TABLE 26 MOUNTED BEARING AFTERMARKET, BY REGION, 2018–2025 (USD MILLION)
9.4 KEY PRIMARY INSIGHTS
10 MOUNTED BEARING MARKET, BY END-USE INDUSTRY (Page No. - 99)
10.1 INTRODUCTION
FIGURE 42 MOUNTED BEARING MARKET, BY END-USE INDUSTRY, 2020 VS. 2025 (USD MILLION)
TABLE 27 MOUNTED BEARING MARKET, BY END-USE INDUSTRY, 2018–2025 (USD MILLION)
10.1.1 RESEARCH METHODOLOGY
FIGURE 43 RESEARCH METHODOLOGY
10.2 AGRICULTURE, FARMING, AND FISHERY
FIGURE 44 AGRICULTURAL PRODUCTION, BY COUNTRY, 2019 (MILLION METRIC TONNES)
10.2.1 GROWING ADOPTION OF MACHINERY IN FARMING AND AGRICULTURE BOOSTS MOUNTED BEARING MARKET
TABLE 28 AGRICULTURE, FARMING, AND FISHERY: MOUNTED BEARING MARKET, BY REGION, 2018–2025 (USD MILLION)
10.3 AUTOMOTIVE
10.3.1 GROWING PART AND COMPONENT MANUFACTURING IN AUTOMOTIVE INDUSTRY DRIVES MARKET
TABLE 29 AUTOMOTIVE: MOUNTED BEARING MARKET, BY REGION, 2018–2025 (USD MILLION)
10.4 CHEMICAL & PHARMACEUTICAL
FIGURE 45 SALES OF CHEMICALS, BY REGION, 2018 (USD BILLION)
10.4.1 ASIA OCEANIA ESTIMATED TO LEAD MOUNTED BEARING MARKET IN CHEMICAL & PHARMACEUTICAL INDUSTRY
TABLE 30 CHEMICAL & PHARMACEUTICAL: MOUNTED BEARING MARKET, BY REGION, 2018–2025 (USD MILLION)
10.5 CONSTRUCTION & MINING
TABLE 31 TOP 10 COMPANIES IN MINING INDUSTRY
FIGURE 46 GOLD PRODUCTION IN 2018, BY COUNTRY (TONNES)
FIGURE 47 MINING PRODUCTION IN 2018, BY COUNTRY (MILLION METRIC TONNES)
FIGURE 48 CONSTRUCTION/MINING EQUIPMENT PRODUCTION (‘000 UNITS)
10.5.1 GROWTH IN CONSTRUCTION & MINING FAVORABLE FOR MOUNTED BEARING MARKET
TABLE 32 CONSTRUCTION & MINING: MOUNTED BEARING MARKET, BY REGION, 2018–2025 (USD MILLION)
10.6 ENERGY
FIGURE 49 OIL PRODUCTION, BY REGION, 2019 (TWH)
10.6.1 ENERGY SEGMENT GROWTH IN NORTH AMERICA AND MIDDLE EAST & AFRICA BOOSTS DEMAND FOR MOUNTED BEARINGS
TABLE 33 ENERGY: MOUNTED BEARING MARKET, BY REGION, 2018–2025 (USD MILLION)
10.7 FOOD & BEVERAGE
10.7.1 ADOPTION OF AUTOMATION EQUIPMENT IN FOOD & BEVERAGE INDUSTRY FUELS MARKET GROWTH
TABLE 34 FOOD & BEVERAGE: MOUNTED BEARING MARKET, BY REGION, 2018–2025 (USD MILLION)
10.8 GENERAL INDUSTRIAL & MACHINERY
10.8.1 SEGMENT GROWTH DRIVEN BY INCREASING DEMAND FOR MACHINERY AND TOOLS FOR PRODUCT MANUFACTURING
TABLE 35 GENERAL INDUSTRIAL & MACHINERY: MOUNTED BEARING MARKET, BY REGION, 2018–2025 (USD MILLION)
10.9 OTHER TRANSPORTATION
10.9.1 MARINE INDUSTRY TO DOMINATE OTHER TRANSPORTATION SEGMENT
TABLE 36 OTHER TRANSPORTATION: MOUNTED BEARING MARKET, BY REGION, 2018–2025 (USD MILLION)
TABLE 37 OTHER TRANSPORTATION: MOUNTED BEARING MARKET, BY TYPE, 2018–2025 (USD MILLION)
10.9.2 AEROSPACE
TABLE 38 MATERIALS USED TO MANUFACTURE AEROSPACE BEARINGS
TABLE 39 COMPARATIVE MAPPING OF TECHNOLOGICAL TRENDS AND BEARING PROPERTIES IN AEROSPACE
10.9.3 MARINE
10.9.4 RAILWAY
10.1 PULP & PAPER
FIGURE 50 PULP PRODUCTION, 2018 VS. 2019 (’000 TONNES)
10.10.1 NORTH AMERICA TO BE LARGEST MARKET FOR MOUNTED BEARINGS IN PULP & PAPER SEGMENT
TABLE 40 PULP & PAPER: MOUNTED BEARING MARKET, BY REGION, 2018–2025 (USD MILLION)
10.11 OTHERS
10.11.1 ASIA OCEANIA PROJECTED TO LEAD OTHERS SEGMENT BY 2025
TABLE 41 OTHER END-USE INDUSTRIES: MOUNTED BEARING MARKET, BY REGION, 2018–2025 (USD MILLION)
10.12 MARKET LEADERS
TABLE 42 RECENT DEVELOPMENTS, BY END-USE INDUSTRY
10.13 KEY PRIMARY INSIGHTS
11 MOUNTED BEARING MARKET, BY HOUSING TYPE (Page No. - 117)
11.1 INTRODUCTION
FIGURE 51 SECTIONAL VIEW OF CAST IRON PLUMMER AND FLANGED HOUSING
FIGURE 52 SECTIONAL VIEW OF STEEL SHEET PLUMMER AND FLANGED HOUSING
11.1.1 RESEARCH METHODOLOGY
FIGURE 53 RESEARCH METHODOLOGY
FIGURE 54 MOUNTED BEARING MARKET, BY HOUSING TYPE, 2020 VS. 2025 (USD MILLION)
11.1.2 PLUMMER BLOCK SEGMENT HOLDS THE LARGEST MARKET SHARE
TABLE 43 MOUNTED BEARING MARKET, BY HOUSING TYPE, 2018–2025 (USD MILLION)
11.2 PLUMMER BLOCK
11.3 FLANGED BLOCK
11.4 TAKE-UP BLOCK
11.5 OTHERS
11.6 MARKET LEADERS
11.7 KEY PRIMARY INSIGHTS
12 MOUNTED BEARING MARKET, BY HOUSING MATERIAL (Page No. - 122)
12.1 INTRODUCTION
12.2 CAST STEEL
12.3 STAINLESS STEEL
TABLE 44 CHEMICAL COMPOSITION OF STAINLESS-STEEL ALLOY
12.4 CAST IRON
12.5 COMPOSITES
TABLE 45 CHEMICAL RESISTANCE RATINGS OF POLYPROPYLENE
12.6 OTHERS
TABLE 46 ANTI-CORROSION CAPABILITY OF DIFFERENT HOUSED MATERIALS
13 MOUNTED BEARING MARKET, BY REGION (Page No. - 125)
13.1 INTRODUCTION
FIGURE 55 MOUNTED BEARING MARKET, BY REGION, 2020 VS. 2025 (USD MILLION)
TABLE 47 MOUNTED BEARING MARKET, BY REGION, 2018–2025 (USD MILLION)
13.2 ASIA OCEANIA
FIGURE 56 ASIA OCEANIA: MOUNTED BEARING MARKET SNAPSHOT
TABLE 48 ASIA OCEANIA: MOUNTED BEARING MARKET, BY COUNTRY, 2020–2025 (USD MILLION)
13.2.1 ASIA OCEANIA: COVID-19 IMPACT
13.2.2 CHINA
FIGURE 57 VALUE ADDED BY MANUFACTURING INDUSTRY IN CHINA (USD TRILLION)
13.2.2.1 Government initiatives to boost market growth in China
TABLE 49 CHINA: MOUNTED BEARING MARKET, BY PRODUCT TYPE, 2020–2025 (USD MILLION)
13.2.3 INDIA
TABLE 50 GVA ESTIMATES AT BASIC PRICES IN Q1 (APRIL-JUNE) OF 2020-2021 (AT 2011-2012 PRICE)
FIGURE 58 INDIA: CONSUMPTION OF FINISHED STEEL
FIGURE 59 INDIA: PER CAPITA CONSUMPTION OF STEEL
FIGURE 60 INDIA: PRODUCTION PERFORMANCE OF 8 CORE INDUSTRIES
13.2.3.1 Growing FDI to drive Indian mounted bearing market
TABLE 51 INDIA: MOUNTED BEARING MARKET, BY PRODUCT TYPE, 2020–2025 (USD MILLION)
13.2.4 JAPAN
FIGURE 61 JAPAN: ROLLER BEARINGS PRODUCTION
13.2.4.1 Presence of leading players key to growth of market in Japan
TABLE 52 JAPAN: MOUNTED BEARING MARKET, BY PRODUCT TYPE, 2020–2025 (USD MILLION)
13.2.5 SOUTH KOREA
FIGURE 62 SOUTH KOREA: CONTRIBUTION OF MANUFACTURING INDUSTRY TO GDP
13.2.5.1 Increasing focus on renewable energy sources spurs demand for mounted bearings in South Korea
TABLE 53 SOUTH KOREA: MOUNTED BEARING MARKET, BY PRODUCT TYPE, 2020–2025 (USD MILLION)
13.2.6 AUSTRALIA
13.2.6.1 Food & beverage and mining industries significant influencers of mounted bearing market in Australia
TABLE 54 AUSTRALIA: MOUNTED BEARING MARKET, BY PRODUCT TYPE, 2020–2025 (USD MILLION)
13.2.7 REST OF ASIA OCEANIA
FIGURE 63 THAILAND: ECONOMIC STRUCTURE (2019)
13.2.7.1 Growth of manufacturing industry in South East Asian countries boosts market growth
TABLE 55 REST OF ASIA OCEANIA: MOUNTED BEARING MARKET, BY PRODUCT TYPE, 2020–2025 (USD MILLION)
13.3 EUROPE
FIGURE 64 EUROPE: MOUNTED BEARING MARKET SNAPSHOT
TABLE 56 EUROPE: MOUNTED BEARING MARKET, BY COUNTRY, 2020–2025 (USD MILLION)
13.3.1 EUROPE: COVID-19 IMPACT
13.3.2 GERMANY
FIGURE 65 GERMANY: GROSS VALUE ADDED BY SELECTED INDUSTRIES (Q1 2019 – Q2 2020)
13.3.2.1 Growth of automotive sector in Germany results in growth of mounted bearing market
TABLE 57 GERMANY: MOUNTED BEARING MARKET, BY PRODUCT TYPE, 2020–2025 (USD MILLION)
13.3.3 FRANCE
FIGURE 66 FRANCE: MANUFACTURING INDUSTRY, VALUE ADDED (% OF GDP)
13.3.3.1 Government investments in aerospace sector to affect market positively in France
TABLE 58 FRANCE: MOUNTED BEARING MARKET, BY PRODUCT TYPE, 2020–2025 (USD MILLION)
13.3.4 ITALY
FIGURE 67 ITALY: MACHINERY AND EQUIPMENT PRODUCTION VALUE
13.3.4.1 Growth in agriculture, food & beverage, and tobacco industries promotes growth in Italian market
TABLE 59 ITALY: MOUNTED BEARING MARKET, BY PRODUCT TYPE, 2020–2025 (USD MILLION)
13.3.5 RUSSIA
13.3.5.1 Key demand for mounted bearings in Russia witnessed from mining and energy industries
TABLE 60 RUSSIA: MOUNTED BEARING MARKET, BY PRODUCT TYPE, 2020–2025 (USD MILLION)
13.3.6 UK
FIGURE 68 UK: PRODUCT SALES, 2015-2019 (BILLION POUND)
13.3.6.1 Food processing, automotive, and fabricated metal sectors spark growth of UK market
TABLE 61 UK: MOUNTED BEARING MARKET, BY PRODUCT TYPE, 2020–2025 (USD MILLION)
13.3.7 REST OF EUROPE
13.3.7.1 Iron & steel, textile, chemical, and automotive sectors dominate demand for mounted bearings in Rest of Europe
TABLE 62 REST OF EUROPE: MOUNTED BEARING MARKET, BY PRODUCT TYPE, 2020–2025 (USD MILLION)
13.4 NORTH AMERICA
TABLE 63 NORTH AMERICA: MOUNTED BEARING MARKET, BY PRODUCT TYPE, 2020–2025 (USD MILLION)
13.4.1 NORTH AMERICA: COVID-19 IMPACT
13.4.2 CANADA
13.4.2.1 Energy industry in Canada vital to growth of mounted bearing market
TABLE 64 CANADA: MOUNTED BEARING MARKET, BY PRODUCT TYPE, 2020–2025 (USD MILLION)
13.4.3 MEXICO
13.4.3.1 USMCA agreement to help drive growth of mounted bearing market in Mexico
TABLE 65 MEXICO: MOUNTED BEARING MARKET, BY PRODUCT TYPE, 2020–2025 (USD MILLION)
13.4.4 US
13.4.4.1 US estimated to be largest market in North American
TABLE 66 US: MOUNTED BEARING MARKET, BY PRODUCT TYPE, 2020–2025 (USD MILLION)
13.5 LATIN AMERICA
TABLE 67 LATIN AMERICA: MOUNTED BEARING MARKET, BY PRODUCT TYPE, 2020–2025 (USD MILLION)
13.5.1 BRAZIL
13.5.1.1 Growth of manufacturing industry to result in growth of market in Latin America
TABLE 68 BRAZIL: MOUNTED BEARING MARKET, BY PRODUCT TYPE, 2020–2025 (USD MILLION)
13.5.2 ARGENTINA
13.5.2.1 Argentina may offer opportunities for mounted bearings in manufacturing subsectors
TABLE 69 ARGENTINA: MOUNTED BEARING MARKET, BY PRODUCT TYPE, 2020–2025 (USD MILLION)
13.5.3 REST OF LATIN AMERICA
13.5.3.1 Localized production of machinery could boost market in Rest of Latin America
TABLE 70 REST OF LATIN AMERICA: MOUNTED BEARING MARKET, BY PRODUCT TYPE, 2020–2025 (USD MILLION)
13.6 MIDDLE EAST & AFRICA
TABLE 71 MIDDLE EAST & AFRICA: MOUNTED BEARING MARKET, BY PRODUCT TYPE, 2020–2025 (USD MILLION)
13.6.1 IRAN
13.6.1.1 Investments in industries to counter US sanctions could benefit market in Iran
TABLE 72 IRAN: MOUNTED BEARING MARKET, BY PRODUCT TYPE, 2020–2025 (USD MILLION)
13.6.2 SOUTH AFRICA
13.6.2.1 Increasing FDI will have positive impact on market in South Africa
TABLE 73 SOUTH AFRICA: MOUNTED BEARING MARKET, BY PRODUCT TYPE, 2020–2025 (USD MILLION)
13.6.3 REST OF MIDDLE EAST & AFRICA
13.6.3.1 Recommencement of construction post 2020 to boost market growth in Rest of Middle East & Africa
TABLE 74 REST OF MIDDLE EAST & AFRICA: MOUNTED BEARING MARKET, BY PRODUCT TYPE, 2020–2025 (USD MILLION)
14 COMPETITIVE LANDSCAPE (Page No. - 152)
14.1 OVERVIEW
FIGURE 69 KEY DEVELOPMENTS BY LEADING PLAYERS IN THE MOUNTED BEARING MARKET
14.2 MARKET RANKING ANALYSIS
14.3 MARKET EVALUATION FRAMEWORK
FIGURE 70 MARKET EVALUATION FRAMEWORK
14.4 MARKET SHARE ANALYSIS, 2019
FIGURE 71 MOUNTED BEARING MARKET SHARE ANALYSIS, 2019
14.5 MARKET EVALUATION FRAMEWORK - REVENUE ANALYSIS OF TOP 5 PLAYERS
FIGURE 72 TOP 5 PLAYERS DOMINATED MARKET IN LAST 3 YEARS
14.6 COMPETITIVE LEADERSHIP MAPPING
14.6.1 STAR
14.6.2 EMERGING LEADERS
14.6.3 PERVASIVE
14.6.4 PARTICIPANTS
FIGURE 73 MOUNTED BEARING MARKET: COMPETITIVE LEADERSHIP MAPPING, 2020
14.7 STRENGTH OF PRODUCT PORTFOLIO
FIGURE 74 PRODUCT PORTFOLIO ANALYSIS OF TOP PLAYERS IN MOUNTED BEARING MARKET
14.8 BUSINESS STRATEGY EXCELLENCE
FIGURE 75 BUSINESS STRATEGY EXCELLENCE OF TOP PLAYERS IN MOUNTED BEARING MARKET
14.9 WINNERS VS. TAILENDERS
14.10 COMPETITIVE SCENARIO
14.10.1 NEW PRODUCT DEVELOPMENT
TABLE 75 NEW PRODUCT DEVELOPMENT, 2017–2020
14.10.2 ACQUISITIONS, 2017-2020
TABLE 76 ACQUISITIONS, 2017-2020
14.10.3 EXPANSIONS, 2017-2020
TABLE 77 EXPANSIONS, 2017-2020
15 COMPANY PROFILES (Page No. - 163)
(Overview, Products and Services Offered, Recent Developments, and SWOT Analysis)*
15.1 ABB
FIGURE 76 ABB: COMPANY SNAPSHOT
TABLE 78 ABB: NEW PRODUCT DEVELOPMENTS
FIGURE 77 ABB: SWOT ANALYSIS
15.2 SKF
FIGURE 78 SKF: COMPANY SNAPSHOT
FIGURE 79 REVENUE GENERATION THROUGH INDUSTRIAL BUSINESS SEGMENT
FIGURE 80 SKF: MAJOR CAPACITY EXPANSIONS
TABLE 79 SKF: MAJOR REGIONAL ACTIVITIES, 2019
TABLE 80 SKF: NEW PRODUCT DEVELOPMENTS/EXPANSIONS
FIGURE 81 SKF: SWOT ANALYSIS
15.3 THE TIMKEN COMPANY
FIGURE 82 THE TIMKEN COMPANY: COMPANY SNAPSHOT
FIGURE 83 REVENUE GENERATION OF THE TIMKEN COMPANY, BY BUSINESS SEGMENT
TABLE 81 PRODUCTS & SERVICES OFFERED
TABLE 82 THE TIMKEN COMPANY: NEW PRODUCT DEVELOPMENT
FIGURE 84 THE TIMKEN COMPANY: SWOT ANALYSIS
15.4 NSK LTD.
FIGURE 85 NSK LTD.: COMPANY SNAPSHOT
TABLE 83 NSK LTD.: PRODUCTS OFFERED
TABLE 84 NSK LTD.: NEW PRODUCT DEVELOPMENTS AND EXPANSIONS
FIGURE 86 NSK LTD.: SWOT ANALYSIS
15.5 SCHAEFFLER AG
FIGURE 87 SCHAEFFLER AG: COMPANY SNAPSHOT
TABLE 85 SCHAEFFLER AG: PRODUCTS OFFERED
TABLE 86 BEARING HOUSING
TABLE 87 HOUSING UNITS
FIGURE 88 SCHAEFFLER AG: SWOT ANALYSIS
15.6 NTN BEARING CORPORATION
FIGURE 89 NTN BEARING CORPORATION: COMPANY SNAPSHOT
TABLE 88 NTN BEARING CORPORATION: PRODUCTS OFFERED
TABLE 89 NTN BEARING CORPORATION: NEW PRODUCT DEVELOPMENTS AND EXPANSIONS
TABLE 90 ULTRA-CLASS BEARING FEATURES: NTN
15.7 REXNORD CORPORATION
FIGURE 90 REXNORD CORPORATION: COMPANY SNAPSHOT
TABLE 91 REXNORD CORPORATION: PRODUCTS OFFERED
TABLE 92 REXNORD CORPORATION: NEW PRODUCT DEVELOPMENTS/EXPANSIONS
FIGURE 91 PRODUCT SPECIALIZATION: REXNORD
15.8 REGAL BELOIT CORPORATION
FIGURE 92 REGAL BELOIT CORPORATION: COMPANY SNAPSHOT
TABLE 93 REGAL BELOIT CORPORATION: PRODUCTS OFFERED
TABLE 94 REGAL BELOIT CORPORATION: NEW PRODUCT DEVELOPMENTS AND EXPANSIONS
15.9 PT INTERNATIONAL
TABLE 95 PT INTERNATIONAL: PRODUCTS OFFERED
TABLE 96 PT INTERNATIONAL.: NEW PRODUCT DEVELOPMENTS AND EXPANSIONS
TABLE 97 PT INTERNATIONAL: ACQUISITIONS
15.10 JONES BEARING COMPANY
TABLE 98 JONES BEARING COMPANY: PRODUCTS OFFERED
15.11 ASAHI SEIKO CO., LTD.
TABLE 99 ASAHI SEIKO CO., LTD.: PRODUCTS OFFERED
15.12 FYH INC.
TABLE 100 FYH INC.: PRODUCTS OFFERED
*Details on Overview, Products and Services Offered, Recent Developments, and SWOT Analysis might not be captured in case of unlisted companies.
15.13 OTHER REGIONAL KEY PLAYERS
15.13.1 ASIA PACIFIC
15.13.1.1 JTEKT Corporation
15.13.1.2 Luoyang Longda Bearing Co., Ltd
15.13.2 NORTH AMERICA
15.13.2.1 Spyraflo Inc.
15.13.2.2 Baart Industrial Group
15.13.2.3 RBI Bearing, Inc.
15.13.2.4 Triangle Manufacturing Company
15.13.2.5 Altra Industrial Motion
15.13.2.6 Emerson Bearing Company
15.13.3 EUROPE
15.13.3.1 ZKL Group
15.13.3.2 Igus GmbH
15.13.3.3 NBC Group
16 APPENDIX (Page No. - 202)
16.1 INSIGHTS OF INDUSTRY EXPERTS
16.2 DISCUSSION GUIDE
16.2.1 DEMAND SIDE DISCUSSION GUIDE
16.2.2 SUPPLY SIDE DISCUSSION GUIDE
16.3 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
16.4 AVAILABLE CUSTOMIZATIONS
16.5 RELATED REPORTS
16.6 AUTHOR DETAILS
The study involved four major activities in estimating the current size of the mouted bearing market. Extensive primary research was conducted after obtaining an understanding of the mounted bearing market scenario through secondary research. Several primary interviews were conducted with market experts from both the demand- [(in terms of end-use industries) country-level government associations, and trade associations] and supply-side (mounted bearings and components providers) across major regions, namely, North America, Europe, Latin America, Middle East & Africa, and Asia Oceania.
Secondary Research
As a part of the secondary research process, various secondary sources were referred to for identifying and collecting information for this study. Secondary sources include annual reports, press releases & investor presentations of companies, white papers, coating journals, certified publications, and articles by recognized authors, authenticated directories, and databases.
Secondary research was mainly conducted to obtain key information about the industry’s supply chain, the market’s monetary chain, the total pool of players, and market classification & segmentation according to industry trends to the bottom-most level, regional markets, and key developments from both, market- and technology-oriented perspectives.
As a part of the complete market engineering process, both, the top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to estimate the market size and forecast all segments and subsegments listed in this report for the next five years (2020–2025). Extensive qualitative and quantitative data were analyzed to list key information/insights throughout the report
Primary Research
Extensive primary research was conducted after obtaining an understanding of the mounted bearing market through secondary research. Several primary interviews were conducted with market experts from demand- (OEMs) and supply-side (mounted bearing manufacturer) across major regions, namely, North America, Europe, Asia Oceania, LATAM, and MEA. Primary data was collected through questionnaires, emails, and telephonic interviews.
After interacting with industry experts, brief sessions with highly experienced independent consultants were conducted to reinforce the findings from primaries. This, along with the opinions of in-house subject matter experts, led us to the findings as described in the remainder of this report.
To know about the assumptions considered for the study, download the pdf brochure
Market Size Estimation
The top-down approach was used to estimate and validate the size of the mounted bearing market. To derive the global market size, mounted bearing revenue generated by THE TIMKEN COMPANY in 2019, and the company’s market share was taken into account. This was divided by the market share of the company in the global mounted bearing market in 2019. The market share and revenue generated by the company were derived with the help of extensive secondary research and confirmed by multiple primary respondents.
The global mounted bearing market was then segmented into region-level markets. With the help of primary insights and secondary research, the market share of each region was derived. The market share of each region was then multiplied with the global mounted bearing market to derive the region-level market size. To derive the country-level market size of mounted bearings, extensive secondary research was carried out. The market share was then confirmed with primary respondents from various countries, which was then multiplied with the region-level market size of the global mounted bearing market to derive the country-level market size.
Data Triangulation
All percentage shares, splits, and breakdowns were determined using secondary sources and verified by primary sources. All parameters that are said to affect the markets covered in this research study have been accounted for, viewed in extensive detail, and analyzed to obtain the final quantitative and qualitative data. This data was consolidated, enhanced with detailed inputs and analysis from MarketsandMarkets, and presented in the report. The following figure is an illustrative representation of the overall market size estimation process employed for this study.
Report Objectives
- To define, describe, and forecast the size of the mounted bearing market based on product type, housing type, end-use industry, market channel, equipment type, and region
- To provide detailed information regarding the major factors influencing the growth of the mounted bearing market (drivers, restraints, opportunities, and industry-specific challenges)
- To segment the mounted bearing market and forecast its market size, by value (USD million) based on product type [(ball bearings and roller bearings (spherical roller bearings, cylindrical roller bearing, tapered roller bearing, and others)]
- To segment the mounted bearing market and forecast its market size, by value (USD million), based on market channel (OE Market and Aftermarket)
- To segment the mounted bearing market and forecast its market size, by value (USD million), based on housing type (pillow block bearings, flange block bearings, take-up block bearings, and others)
- To segment the mounted bearing market and forecast its market size, by value (USD million) based on equipment type (ball mill drives, fans & blowers, gearbox & transmission, conveyors, crushers, mixer drives, and others)
- To segment the mounted bearing market and forecast its market size, by value (USD million) based on end-use industry (food & beverage, agriculture, farm & fish, construction & mining, automotive, chemical & pharmaceutical, energy, general industrial & machinery, other transportation, pulp & paper, and others)
- To provide the qualitative insights on housing material type (stainless steel, cast steel, cast iron, composites, and others)
- To forecast the size of various segments of the mounted bearings market based on five regions—Asia Oceania, Europe, Middle East & Africa, North America, and Latin America
- To strategically profile key players and comprehensively analyze their market share and core competencies
- To analyze competitive developments such as joint ventures, mergers & acquisitions, new product launches, and expansions carried out by key industry participants
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