Global Bearing Analyzer Market Overview:
Bearing analyzer is a quantitative instrument that assesses the working surfaces of anti-friction bearings by measuring mechanical vibration or bearing commotion. Amid use, a bearing in test produces a noise, which is then compared to previously established acceptance criteria. This comparison is used to evaluate the condition of the bearing, its working surfaces, and degree of wear to determine whether or not it can be used or updated. The unit can measure a wide run of bearing sizes, from small instrument bearings to those found in huge jet motors.
As per latest study released by AMA Research, the Global Bearing Analyzer market is expected to see growth rate of 8.5% and may see market size of USD125.42 Billion by 2027.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Forecast Period | 2022-2027 |
Historical Period | 2017-2021 |
Unit | Value (USD Billion) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Growth Drivers
- Rising utilization of bearing in railway, electric vehicles, and rolling mills
Roadblocks
Opportunities
- Rising Concern About Green Vehicles and Constant Development in the Automobile Industry
Challenges
- Fluctuating Raw Material Prices
Competitive Landscape:
The companies are exploring the market by adopting expansions, investments, and new launch, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions across the globe to gain a competitive advantage through combined collaborations.
Some of the key players profiled in the report are NSK Ltd. (Japan), Schaeffler AG (Germany), NTN Corporation (Japan), SKF (Sweden), Iljin Bearing (South korea), RKB Bearing (Switzerland), JTEKT Corporation (Japan), Timken (United States), Wafangdian Bearing Co.Ltd. (China) and THK Co. Ltd. (Japan). Analyst at AMA Research see Japan Players to retain maximum share of Global Bearing Analyzer market by 2027. Considering Market by Distribution Channel, the sub-segment i.e. Original equipment manufacturers (OEMs) will boost the Bearing Analyzer market. Considering Market by Size, the sub-segment i.e. 30 to 40 will boost the Bearing Analyzer market. Considering Market by Machine , the sub-segment i.e. ICE Vehicles will boost the Bearing Analyzer market.
Latest Market Insights:
On 10th December 2020, NSK Ltd. has completed the acquisition of the global condition monitoring system (CMS) business known as Brüel & Kjær Vibro (B&K Vibro) from Spectris Plc., in line with the initial announcement.
In June 2021, NSK will launch a two new paid services to further support customers using ACOUS NAVI for predictive maintenance of machinery and equipment. Detailed data analysis service: NSK engineers will perform advanced analysis of vibration data. Investigation service: NSK engineers will survey and analyze damaged or deteriorated bearings and ball screws.
What Can be Explored with the Bearing Analyzer Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Bearing Analyzer Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Bearing Analyzer
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Bearing Analyzer market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Bearing Analyzer market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Venture Capitalists and Private Equity Firms, New Entrants/Investors, Analysts and Strategic Business Planners, Manufacturers, Suppliers, and Distributors, Raw Material Suppliers, Government Regulatory and Research Organizations and End-Use Industries.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.