About Roller Bearings
Roller bearings are called as rolling element bearings, it is designed to carry a load to minimize friction. Roller bearings transmit loads by using cylinder rolling elements. This contains single or multiple rows of rolling elements in which multiple rows can significantly improve radial load capacity. Roller bearings come in various shapes and sizes.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The global Roller bearing market is highly competitive. Players leading in this market focus more novel applications that are developed by companies to strengthen their presence. The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. Analyst at AMA Research estimates that United States Manufacturers will contribute the maximum growth to Global Roller Bearings market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
BOWER (United States), FERSA (Spain), IKO (United States), NACHI-FUJIKOSHI CORP. (Japan), NSK (Japan), NTN Corporation (Japan), RBC Bearings Incorporated (United States), ZNL Bearing (India), Aurora Bearing (United States) and FYH Bearing (United States) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are New Hampshire Ball Bearings (United States), NBC Bearings (India), Schaffler (Germany), AST Bearings LLC (United States), RBC Bearings (United States), NSK Ltd (Japan), Moline Bearing Company (United States), Baltic Bearing Company (Poland), SKF (Sweden) and The Timken Company (United States).
Segmentation Overview
AMA Research has segmented the market of Global Roller Bearings market by Type (Cylindrical Roller Bearings, Spherical Roller Bearings, Needle Roller Bearings, Taper Roller Bearings, Thrust Roller Bearings and Needle Roller Bearings), Application (Mining and Construction, Paper Making Machines, Pumps & Compressors, Automotive Products and Others) and Region.
On the basis of geography, the market of Roller Bearings has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Sales Channels, the sub-segment i.e. Online Channels will boost the Roller Bearings market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Materials, the sub-segment i.e. Ceramics will boost the Roller Bearings market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Rise in Investment Projects in Mining and Infrastructure Development, Development of integrated bearings and Technological advancement such as ceramic ball bearing
Market Growth Drivers:
Increase in Demand from Automotive and the Aerospace Sector and Increasing Usage of Heavy Machinery in the Construction Industry
Challenges:
Complex Maintenance Operations, Rapid changes in technology and The rising cost of raw materials
Restraints:
High Costs of Installation
Opportunities:
Vast Scope For Up-Gradation and Increase investment in Automotive Production
Market Leaders and their expansionary development strategies
In February 2023, The Timken Company, a global industrial leader in engineered bearings and industrial motion products, has acquired the assets of American Roller Bearing Company (ARB), a North Carolina-based manufacturer of industrial bearings. ARB's offerings join Timken's industry-leading portfolio of engineered bearing solutions. ARB, which boasts a large U.S. installed base and strong aftermarket business, generated sales of more than USD 30 million in 2022.
In Aug 2019, FOX introduced a new roller bearing kit, Roller-bearing provides improved traction which allows for lighter action at the top of the stroke. The updated FIT4 damper provides more sensitivity for maintaining low-speed compression support while aggressive riding.
Key Target Audience
Venture Capitalists and Private Equity Firms, New Entrants/Investors, Analysts and Strategic Business Planners, Roller Bearings Manufacturers, Suppliers and Distributors, Raw Material Suppliers, Government Regulatory and Research Organizations and End-Use Industries
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.