Market Overview:
The global agricultural bearings market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the agricultural bearings market can be attributed to the increasing demand for agricultural equipment and rising awareness about precision farming techniques. The global agricultural bearings market is segmented on the basis of type, application, and region. On the basis of type, the global agricultural bearings market is segmented into ball bearings, disc harrow bearings, insert bearings, and thrust ball Bearings. Ball Bearings are expected to account for a major share of the global Agricultural Bearing Market in terms of revenue due to their high performance and durability characteristics. On The Basis Of Application ,the Global Agricultural Bearing Market Is Segmented Into Agricultural And Industrial Applications .Agricultural applications are projected To Account For A Major Share Of The Global Agricultural Bearing Market In Terms Of Revenue Due To Increasing Demand For Agricultural Equipment Worldwide .On The Basis Of Region ,the Global Agriculture Bearing Market Is Segmented Into North America ,Latin America Europe Asia Pacific And Middle East & Africa .
Product Definition:
Agricultural bearings are bearings that are specifically designed for use in agricultural applications. They are typically larger and heavier than standard bearings, and they can handle the high loads and extreme temperatures that are common in agricultural applications. Agricultural bearings play a vital role in ensuring the smooth operation of agricultural equipment, and they can help to extend the life of components by reducing wear and tear.
Ball Bearings:
Ball bearings are rolling elements that are used in the majority of the machinery and equipment to provide smooth movement. They can be differentiated from their smaller counterparts, such as needle bearings by way of their larger dimensions. The two most commonly used types of ball bearings include thrust and radial.
Thrust bearing: These are also known as inner or bottom ball bearings, they have a cylindrical housing with a race around it which goes into the rotating part of the machine.
Disc Harrow Bearings:
The disc harrow bearings are used in the agricultural sector to remove unwanted material from the field. The main function of these bearings is to provide smooth and easy movement of equipment due to its rotational speed. These products are widely used in small, medium, and large-scale farming operations for removing weeds or other unwanted materials from the soil surface.
Application Insights:
The industrial application segment accounted for the largest market share of more than 60% in 2017. The growth can be attributed to the increasing demand from construction and mining industries. Industrial applications include chemical processing, food processing, metal foundry and paper manufacturing among others.
Agricultural applications are projected to witness a CAGR of XX% over the forecast period owing to increased adoption of advanced agricultural equipment such as tillage equipment, seeders and sprayers among others by farmers across the globe. Moreover, governments in various countries are making investments for developing agriculture infrastructure which will help farmers adopt modern techniques for farming thereby boosting product demand over the forecast period (2030).
Regional Analysis:
Asia Pacific accounted for the largest share of over 45% in 2017. The region is expected to witness significant growth on account of increasing demand from developing countries such as China, India, and Japan. Furthermore, rising disposable income coupled with growing industrialization is anticipated to fuel the product demand over the forecast period.
China was one of the largest markets in Asia Pacific owing to rapid industrialization along with a large agricultural sector present across various provinces including Gansu, Hebei, Henan, Hubei, Hunan and Shaanxi among others. However; due to massive capital outflow witnessed by China since 2014; its economic growth has been severely affected which resulted into decelerating GDP rates for years together till 2020s resulting into reducing or no exports at all especially towards its neighboring countries thus affecting regional market shares negatively during same period (2018-2030).
Growth Factors:
- Increasing demand for agricultural equipment due to rising population and need for food security
- Growing awareness about the benefits of using agricultural bearings in farming equipment
- Technological advancements in agriculture sector that promote the use of precision farming techniques
- Rising disposable income of farmers, which enables them to invest in better quality agricultural bearings
- Government initiatives and subsidies for promoting the use of modern agriculture technology
Scope Of The Report
Report Attributes
Report Details
Report Title
Agricultural Bearings Market Research Report
By Type
Ball Bearings, Disc Harrow Bearings, Insert Bearings, Thrust Ball Bearings
By Application
Agricultural, Industrial
By Companies
GGB, XJ, NTN, NSK, WD, SKF, Koyo, INA(Schaeffler), SANKAI, FHY, UIB bearing, CCTY, PFI Bearings
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
206
Number of Tables & Figures
145
Customization Available
Yes, the report can be customized as per your need.
Global Agricultural Bearings Market Report Segments:
The global Agricultural Bearings market is segmented on the basis of:
Types
Ball Bearings, Disc Harrow Bearings, Insert Bearings, Thrust Ball Bearings
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Agricultural, Industrial
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- GGB
- XJ
- NTN
- NSK
- WD
- SKF
- Koyo
- INA(Schaeffler)
- SANKAI
- FHY
- UIB bearing
- CCTY
- PFI Bearings
Highlights of The Agricultural Bearings Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Ball Bearings
- Disc Harrow Bearings
- Insert Bearings
- Thrust Ball Bearings
- By Application:
- Agricultural
- Industrial
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Agricultural Bearings Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
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- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Agricultural bearings are a type of bearing that is used in agricultural equipment. They are designed to allow the equipment to move smoothly through the soil, avoiding obstacles and preventing damage.
Some of the major companies in the agricultural bearings market are GGB, XJ, NTN, NSK, WD, SKF, Koyo, INA(Schaeffler), SANKAI, FHY, UIB bearing, CCTY, PFI Bearings.
The agricultural bearings market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Agricultural Bearings Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Agricultural Bearings Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Agricultural Bearings Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Agricultural Bearings Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Agricultural Bearings Market Size & Forecast, 2020-2028
4.5.1 Agricultural Bearings Market Size and Y-o-Y Growth
4.5.2 Agricultural Bearings Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Ball Bearings
5.2.2 Disc Harrow Bearings
5.2.3 Insert Bearings
5.2.4 Thrust Ball Bearings
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Agricultural
6.2.2 Industrial
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Agricultural Bearings Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Agricultural Bearings Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Ball Bearings
9.6.2 Disc Harrow Bearings
9.6.3 Insert Bearings
9.6.4 Thrust Ball Bearings
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Agricultural
9.10.2 Industrial
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Ball Bearings
10.6.2 Disc Harrow Bearings
10.6.3 Insert Bearings
10.6.4 Thrust Ball Bearings
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Agricultural
10.10.2 Industrial
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Ball Bearings
11.6.2 Disc Harrow Bearings
11.6.3 Insert Bearings
11.6.4 Thrust Ball Bearings
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Agricultural
11.10.2 Industrial
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Ball Bearings
12.6.2 Disc Harrow Bearings
12.6.3 Insert Bearings
12.6.4 Thrust Ball Bearings
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Agricultural
12.10.2 Industrial
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Ball Bearings
13.6.2 Disc Harrow Bearings
13.6.3 Insert Bearings
13.6.4 Thrust Ball Bearings
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Agricultural
13.10.2 Industrial
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Agricultural Bearings Market: Competitive Dashboard
14.2 Global Agricultural Bearings Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 GGB
14.3.2 XJ
14.3.3 NTN
14.3.4 NSK
14.3.5 WD
14.3.6 SKF
14.3.7 Koyo
14.3.8 INA(Schaeffler)
14.3.9 SANKAI
14.3.10 FHY
14.3.11 UIB bearing
14.3.12 CCTY
14.3.13 PFI Bearings
