About Needle Roller Bearing
A needle roller bearing market has a high growth due to growth in the automobile sector in developing countries. This bearing uses small cylindrical rollers to reduce the friction of a rotating surface. There are many different designs of needle roller bearing, including drawn cup, thrust roller, precision race, and caged roller.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that United States Manufacturers will contribute the maximum growth to Global Needle Roller Bearing 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.
AB SKF (Sweden), Schaeffler Technologies AG & Co. KG (Germany), NSK Ltd (Japan), Timken Company (United States), JTEKT Corporation (Japan), NTN Corporation (Japan), Federal-Mogul Corporation (United States), Nachi-Fujikoshi Corp (Japan), Rexnord Corporation (United States), C&U Group Ltd (China) and MinebeaMitsumi, Inc (Japan) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are Harbin Bearing (China) and Tri-Ring (China).
Segmentation Overview
AMA Research has segmented the market of Global Needle Roller Bearing market by , Application (Automotive Industry, Industrial Machine, Aerospace Industry and Others) and Region.
On the basis of geography, the market of Needle Roller Bearing 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 Design, the sub-segment i.e. Drawn Cup will boost the Needle Roller Bearing market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Distribution Channel, the sub-segment i.e. Online will boost the Needle Roller Bearing market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Row, the sub-segment i.e. Single Row will boost the Needle Roller Bearing market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Rising Demand for Electric Vehicles
Market Growth Drivers:
Demand for Internal Combustion Engine Vehicles and Government Stringent Regulation related to Automotive Noise, Vibration and Harshness Standards
Challenges:
Complex Maintenance Operation and Availability of Counterfeit Products
Restraints:
High Installation Cost
Opportunities:
Increasing Research and Development Activites for Innovation in the Product and Growth in the Automotive Sector in Developing Countries
Market Leaders and their expansionary development strategies
In Sept 2019, MINEBEA MITSUMI Inc. announced that Precision Motors Deutsche Minebea GmbH, a European subsidiary, completed on September 26 the acquisition of Mast Kunststoffe GmbH & Co.KG which manufactures precision mold parts in Germany, and Mast Verwaltungsgesellschaft mbH which is a management-service trust company.
In Feb 2019, JTEKT Corporation has developed a next-generation long-life bearing (NK bearing) for the use in harsh conditions mainly on agricultural and construction machinery. Through the optimization of material components and heat treatment conditions, we have succeeded in achieving a further long life with improved robustness. and .In 2022, the disposable segment dominated the market for ultrasound needle guides with a revenue share of 85.27%. In hospital settings, disposable needles are a vital part of infection control methods. They reduce the risk of infections brought on by needle reuse by doing away with the necessity for purification and disinfection
Key Target Audience
Needle Roller Bearing Manufacturers, Needle Roller Bearing Suppliers/Distributors, Raw Material Suppliers, Potential Investors and End-User Industry
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.