About Mounting Hubs
The major advantage of using mounting hubs is it allows for the construction of a lighter weight timing belt pulley since the mounting mechanism is a separate piece. Mounting hubs also reduce the expense of having multiples of the same belt drive pulley for different shaft sizes. If the bore or keyway of the hub gets damages, the hub would be the least costly part to replace. Mounting hubs come in different styles including clamping style, taper-lock bushing style, floating hub style, and QD flanged bushing.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Unit | Value (USD Million) |
The market is highly competitive with the presence of several prominent vendors. These players are adopting some organic and inorganic strategies such as merger, acquisition, partnerships, and expansions, among others in order to gain a competitive advantage. Moreover, some of the prominent players are focusing on technological advancements in order to offer advanced products to the dynamic market. Analyst at AMA Research estimates that United States and United Kingdom Vendors will contribute the maximum growth to Global Mounting Hubs market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
SparkFun Electronics (United States), Pololu (United States), Lynxmotion (United States), NEXUS Robot (United Kingdom), SGBotic (Singapore), Gimson Robotics (United Kingdom), Oz Robotics (United States), Wurth (Canada) and NTN Corporation (Japan) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Mounting Hubs market by Type (Aluminum, High quality anodized hub and Others), Application (Automobile, Industrial, Maritime, Aerospace and Others) and Region.
On the basis of geography, the market of Mounting Hubs 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 Distribution Channel, the sub-segment i.e. Direct Sales will boost the Mounting Hubs market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
In May 2021 NTN Corporation had announced the launch of Ra-sHUB hub bearing for rear wheels. NTN's newly designed "Ra-sHUB" is tiny and, like conventional hub bearings, can be used on a variety of cars with any form of rear-wheel suspension. When a suspension system steers the rear wheels without the need of a linkage device such as a torsion-beam*3, the vehicle design had to be radically altered. However, "Ra-sHUB" is relatively simple to install and allows for rear-wheel steering in vehicles of all suspension types.
Market Drivers
- Growing Automotive Sector Worldwide Fueling the Growth of the Market
- Elevating Demand for Mounting Hubs from the Industrial Sector
Opportunities
- Industry 4.0 is expected to Open New Avenues for the Market during the Projected Period
Restraints
- Fluctuations in Raw Material Prices
Challenges
- High Competition among Established Players
- Fluctuations in supply and demand share due to enforcement of stringent lockdown measures
Key Target Audience
Mounting Hubs Manufacturers, Mounting Hubs Raw Material Suppliers, Mounting Hubs Traders/Distributors, Mounting Hubs Importer/Exporter, Regulatory & Government Bodies, End Users 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 the 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 purpose to understand companys positioning regarding 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 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, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.