About Joint Bearing
The structure of the joint bearing is principally composed of an inner ring with an outer spherical surface and an outer ring with an inner spherical surface. Joint bearing is usually used for low-speed swing motion (that is, angular motion). Since the slippery surface is spherical, it can even be inclined among a definite angle vary (that is, self-aligning motion), and therefore the support shaft and therefore the shaft shell-hole isn't concentric when the degree is giant, it will still work usually.it can bear radial load, axial load, or combined load of radial and axial. Additionally, due to the composite material of bearing, it is able to self-lubricate itself.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The global market for joint bearing is fragmented by the global key players owing to the rising demand for efficient industrial usage tools for machinery for longer life and efficient work. The players should focus on material improvement and handling shafts' speeds higher than 1000 revolutions per minute to grab the market share. 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.
SKF (Sweden), Schaeffler (Germany), NTN (India), NSK (Japan), Iljin (South Korea), Jtekt (Japan), Wanxiang (China), Nachi-Fujikoshi (Japan), GKN (United Kingdom) and Hubei New Torch (China) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are Timken (United States), GMB Corporation (Japan), Harbin Bearing (China) and FKG Bearing (China).
Segmentation Overview
AMA Research has segmented the market of Global Joint Bearing market by Type (Radial, Angular Contact, Thrust and Rod End Bearing), Application (Hydraulic Cylinder, Forging Machine, Engineering Machinery and Others) and Region.
On the basis of geography, the market of Joint 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). Europe region held largest market share in the year 2023. If we see Market by Sales Channel, the sub-segment i.e. Online will boost the Joint Bearing market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Product Development like Usage of Efficient Bearing in Joints and Product Upgrade to be Used in Engineering Machinery and Automation Equipment
Market Growth Drivers:
Rise in Demand for the Bearings in Industrial Joints Machineries for Lower Friction and Longer Tool Life and Need for Application of the Joint Bearing in Hydraulic Cylinder
Challenges:
Availability of Substitutes in Market
Restraints:
Repetitive Maintenance and Replacement Hampers the Market Growth
Opportunities:
Rising Usage of Joint Bearing in Automotive Industry and Machinery Development
Market Leaders and their expansionary development strategies
In November 2022, The Timken Company, a global leader in engineered bearings and industrial motion products, has completed its previously announced acquisition of GGB Bearings.
In September 2021, SKF, a leading global supplier of bearings, sealing solutions, lubrication management, condition monitoring systems, and services has launched a new line of spherical roller bearings in North America. These bearings are specifically designed to increase uptime, lower production costs and reduce environmental impact for slab, billet and bloom continuous casting operations.
Key Target Audience
Joint Bearing Manufacturers, Supplier/Distributor, Research Institutes, End-User Industry and Others
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.