Mounted Bearing Market

Market Leaders - Mounted Bearing Market

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.

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 have expertise in mounted bearings and related technologies, are present in major end-use industries, and have a strong customer base to offer their products to. For instance, SKF offers mounted bearings for mining, food & beverage, automotive, construction, agriculture, and others. The company is involved in the development and commercialization of various types of ball and roller mounted bearins and is one of their leading suppliers.
Asia Oceania is projected to lead the global mounted bearing market which is due to increasing investments of mounted bearing manufacturers in th region, growth in various end-use industries, and rising adoption of equipment in various end-use industries. Companies such as NSK, NTN, SKF, Asahi Seiko Co., Ltd., FYH Inc., and JTEKT Corporation have a dominant presence in the region.

To know about the assumptions considered for the study download the pdf brochure

SKF is one of the leading players in this market, with a presence across Asia Pacific, North America, and Europe. The company has won supply contracts from key OEMs from end-use  and small-medium bearing manufacturers the mounted bearing market. For instance, SKF acquired Kaydon Corporation, a diversified industrial manufacturer with three distinct business areas: friction control products (primarily bearings), velocity control products, and specialty products, including environmental services in 2013, to diversify its bearing portfolio. This acquisition made Cooper Roller Bearings Company a wholly-owned subsidiary of SKF. All the products under Cooper bearing are marketed as SKF Cooper bearings.

Other dominant players in this market are Schaeffler ( Germany), THE TIMKEN COMPANY (US), NSK (Japan), and ABB (Switzerland), PT International (US), Jones Bearing Company (US), NTN (Japan), Emerson Bearing Company (US), Jones Bearing Company (US), and JTEKT Corporation (Japan), among others. These players are increasingly expanding their presence in the market and developing new products. For instance, in April 2018, NSK developed tapered roller HUBs which feature a unitized design and apply NSK’s low friction technology to improve operational reliability and fuel economy. NSK is targeting 5 billion yen in sales of these bearings in 2023.

Related Reports:

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

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
[email protected]

Report Code
AT 7751
RI Published ON
9/29/2020
Choose License Type
BUY NOW
  • SHARE
X
Request Customization
Speak to Analyst
Speak to Analyst
OR FACE-TO-FACE MEETING
PERSONALIZE THIS RESEARCH
  • Triangulate with your Own Data
  • Get Data as per your Format and Definition
  • Gain a Deeper Dive on a Specific Application, Geography, Customer or Competitor
  • Any level of Personalization
REQUEST A FREE CUSTOMIZATION
LET US HELP YOU!
  • What are the Known and Unknown Adjacencies Impacting the Mounted Bearing Market
  • What will your New Revenue Sources be?
  • Who will be your Top Customer; what will make them switch?
  • Defend your Market Share or Win Competitors
  • Get a Scorecard for Target Partners
REQUEST A FREE WORKSHOP
ADJACENT MARKETS
REQUEST BUNDLE REPORTS
+1-888-600-6441
  • Call Us
  • +1-888-600-6441 (Corporate office hours)
  • +1-888-600-6441 (US/Can toll free)
  • +44-800-368-9399 (UK office hours)
CONNECT WITH US
ABOUT TRUST ONLINE
©2021 MarketsandMarkets Research Private Ltd. All rights reserved