What is Thrust Ball Bearings Market Scope?
Thrust ball bearings are a particular type of rotary ball bearing. These bearings are designed to accommodate axial loads only while operating at high speeds. A higher speed application requires oil lubrication such as in the automotive and aerospace industry. It can be also used in some low-speed applications, a full complement of balls is used without the cage to increase thrust capacity. They are composed of two washers like shaft raceway washer and housing raceway washers which may be grooved the rolling ball elements which are typically caged. It can be available in ISO metric and inches series. Moreover, the growing demand for thrust ball bearings for the applications from end-user industries for the use of radial bearings to center the shaft so that the ball thrust bearing can be used. These applications of the bearing are propelling the growth of the thrust ball bearings market in the forecast period.
The Thrust Ball Bearings market study is being classified by Type (Single-Direction Bearings and Double- Direction Bearings), by Application (Industrial Fans, Industrial Pumps, Machinery, Screw Jacks, Truck and Others) and major geographies with country level break-up.
The major key player in this market are AB SKF (Sweden), NSK (Japan), NTN Corporation (Japan), AST Bearings LLC (Genuine Parts Company) (United States), JTEKT Corporation (Japan) American Roller Bearing (United States), Nachi-Fujikoshi Corp (Japan), Auburn Bearing & Manufacturing (United States), FKL India Private Limited (India) are now focusing on launching of new products. 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.
AB SKF (Sweden), NSK (Japan), NTN Corporation (Japan), AST Bearings LLC (Genuine Parts Company) (United States), JTEKT Corporation (Japan), American Roller Bearing (United States), Nachi-Fujikoshi Corp (Japan), Auburn Bearing & Manufacturing (United States), FKL India Private Limited (India), Intech Bearing Inc. (United States), Igus (Germany) and Regal Beloit (United States) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are Aurora Bearing (United States), Fyh Bearings (United States), Baltic Bearing Company (Latvia), VSK Shaft Sealing System (India), Yashvi Impex (India), Bofa Import and Export Co., Ltd. (China) and Shandong Yongjie Bearing Manufacturing Co., Ltd (China).
Segmentation Analysis
Analyst at AMA have segmented the market study of Global Thrust Ball Bearings market by Type, Application and Region.
On the basis of geography, the market of Thrust Ball 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).
Market Influencers and their development strategies
NSK Ltd. has developed a low-noise thrust needle roller bearing to meet the needs of automotive electrification. Utilizing new low-noise technology and design, the bearing contributes to creating a more comfortable driving experience when using the electric motor in electric vehicles (EV) and in plug-in hybrid vehicles (PHV). NSK is targeting 1.5 billion Yen in sales of this bearing by 2021
In February 2019, Auburn Bearing & Manufacturing specializing in thrust bearings launched the two miniature thrust ball bearing series, the F series and the FM series, these two lines of miniature ball thrust bearings are made with high precision and can accommodate axial loads in a single direction only.
Influencing Market Trend
- Increasing Trend Of Double-Direction Thrust Ball Bearings Because Of It Can Take Axial Loads In Both Directions
Market Drivers
- Growing Demand of Thrust Ball Bearings to Handle Axial Load for Reducing Rotational Friction
- Thrust Ball Bearings are designed to handle Thrust Loads in Higher Speed Applications
- Increasing Demand from End-User Industries Such as Automotive & Aerospace
Restraints
- Availability Of Substitute Product Such As Cylindrical Roller Thrust Bearings And Spherical Roller Thrust Bearing
Challenges
- Cannot Be Used For Radial Loads
- Increasing Cost of Raw Materials
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