Market Overview:
The global bearing steel tube market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for automotive and railway traffic applications, and the growing industrial machinery sector. The chromium-free bearing steel segment is projected to grow at a higher CAGR than the chromium bearing steel segment during the forecast period. Asia Pacific is expected to be the fastest-growing region in terms of revenue, followed by Europe and North America.
Product Definition:
A bearing steel tube is a type of metal tubing that is commonly used in bearings. The importance of bearing steel tubes is that they are strong and resistant to wear, making them ideal for use in bearings.
Chromium Bearing Steel:
Chromium bearing steel is a type of steel that has chromium added to it during the manufacturing process. The addition of chromium makes the metal resistant to rust and corrosion, which increases its life and strength. Chromium-bearing steels are used in applications where high performance, low maintenance, and long life are required.
Chromium-free Bearing Steel:
Chromium is added to steel during its production in large quantities as it has a high demand from the oil & gas industry. The addition of chromium makes the steel easier to work with and increases its toughness, but at the same time, it reduces its strength. Therefore, bearing manufacturers prefer using chromium-free bearing steel for their products.
Application Insights:
Automotive application segment accounted for a volume share of over 50.0% in 2017 and is expected to witness significant growth owing to the rising demand for lightweight materials, which reduces vehicle weight, thereby improving fuel efficiency and performance. In addition, increasing focus on reducing vehicular emissions by decreasing weight is projected to drive the product demand in automotive applications over the forecast period.
The railway traffic segment held a significant volume share in 2017.
Regional Analysis:
Asia Pacific dominated the global bearing steel tube market in 2017 and is expected to continue its dominance over the forecast period. The presence of key manufacturers such as Nippon Steel & Sumitomo Metal Corporation, India; Tata Steel; and SAIL has resulted in high product availability across this region. In addition, rapid industrialization coupled with increasing infrastructure spending is anticipated to drive demand for these products over the forecast period.
The European market was valued at USD X million in 2017 owing to growing automotive production along with a healthy rail traffic mix that includes both freight and passenger trains. Germany accounted for a major share due to its well-established automotive industry while France also contributed significantly towards railway equipment manufacturing owing to easy access of raw materials as well as skilled labor force required for manufacturing these products. However, stringent environmental regulations by governing bodies such as UIA (International Union for Railways) have hampered production activities leading toward low growth prospects over the next eight years.
Growth Factors:
- Bearing Steel Tube market is witnessing a paradigm shift with the increasing demand for electric vehicles.
- The Bearing Steel Tube market is expected to grow owing to the increasing demand from end-use industries such as automotive, aerospace and defense, and energy & power.
- The Bearing Steel Tube market is projected to grow at a CAGR of over 4% during the forecast period due to the growing demand from developing countries such as China, India, and Brazil.
- Rising disposable income of consumers in emerging economies is fueling the growth of the Bearing Steel Tube market across regions.
Scope Of The Report
Report Attributes
Report Details
Report Title
Bearing Steel Tube Market Research Report
By Type
Chromium Bearing Steel, Chromium-free Bearing Steel
By Application
Automotive, Railway Traffic, Industrial Machinery, Others
By Companies
OVAKO, Železiarne Podbrezová, Sanyo Special Steel, POSCO, Dongbei Special Steel, Saarstahl, JFE Steel, Kobe Steel, Carpenter Technology, Zhejiang Jianli Co.,Ltd., TimkenSteel, Citic Pacific Special Steel, Ben Gang Group, Sunny Steel Enterprise, Zhongtian Steel
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
139
Number of Tables & Figures
98
Customization Available
Yes, the report can be customized as per your need.
Global Bearing Steel Tube Market Report Segments:
The global Bearing Steel Tube market is segmented on the basis of:
Types
Chromium Bearing Steel, Chromium-free Bearing Steel
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
Automotive, Railway Traffic, Industrial Machinery, Others
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:
- OVAKO
- Železiarne Podbrezová
- Sanyo Special Steel
- POSCO
- Dongbei Special Steel
- Saarstahl
- JFE Steel
- Kobe Steel
- Carpenter Technology
- Zhejiang Jianli Co.,Ltd.
- TimkenSteel
- Citic Pacific Special Steel
- Ben Gang Group
- Sunny Steel Enterprise
- Zhongtian Steel
Highlights of The Bearing Steel Tube 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:
- Chromium Bearing Steel
- Chromium-free Bearing Steel
- By Application:
- Automotive
- Railway Traffic
- Industrial Machinery
- Others
- 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 Bearing Steel Tube 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
- Business Expansion Strategies
- 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?
Bearing steel tube is a type of steel tubing that is used in industrial applications. It is made from a variety of grades of cold-rolled steel and has a smooth surface. Bearing steel tube can be used to create parts that are required to move smoothly through an industrial process or for structural support.
Some of the key players operating in the bearing steel tube market are OVAKO, Železiarne Podbrezov¡, Sanyo Special Steel, POSCO, Dongbei Special Steel, Saarstahl, JFE Steel, Kobe Steel, Carpenter Technology, Zhejiang Jianli Co.,Ltd., TimkenSteel, Citic Pacific Special Steel, Ben Gang Group, Sunny Steel Enterprise, Zhongtian Steel.
The bearing steel tube 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 Bearing Steel Tube 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 Bearing Steel Tube Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Bearing Steel Tube 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 Bearing Steel Tube 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 Bearing Steel Tube Market Size & Forecast, 2020-2028
4.5.1 Bearing Steel Tube Market Size and Y-o-Y Growth
4.5.2 Bearing Steel Tube 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 Chromium Bearing Steel
5.2.2 Chromium-free Bearing Steel
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 Automotive
6.2.2 Railway Traffic
6.2.3 Industrial Machinery
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Bearing Steel Tube 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 Bearing Steel Tube 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 Chromium Bearing Steel
9.6.2 Chromium-free Bearing Steel
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 Automotive
9.10.2 Railway Traffic
9.10.3 Industrial Machinery
9.10.4 Others
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 Chromium Bearing Steel
10.6.2 Chromium-free Bearing Steel
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 Automotive
10.10.2 Railway Traffic
10.10.3 Industrial Machinery
10.10.4 Others
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 Chromium Bearing Steel
11.6.2 Chromium-free Bearing Steel
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 Automotive
11.10.2 Railway Traffic
11.10.3 Industrial Machinery
11.10.4 Others
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 Chromium Bearing Steel
12.6.2 Chromium-free Bearing Steel
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 Automotive
12.10.2 Railway Traffic
12.10.3 Industrial Machinery
12.10.4 Others
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 Chromium Bearing Steel
13.6.2 Chromium-free Bearing Steel
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 Automotive
13.10.2 Railway Traffic
13.10.3 Industrial Machinery
13.10.4 Others
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 Bearing Steel Tube Market: Competitive Dashboard
14.2 Global Bearing Steel Tube Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 OVAKO
14.3.2 Železiarne Podbrezová
14.3.3 Sanyo Special Steel
14.3.4 POSCO
14.3.5 Dongbei Special Steel
14.3.6 Saarstahl
14.3.7 JFE Steel
14.3.8 Kobe Steel
14.3.9 Carpenter Technology
14.3.10 Zhejiang Jianli Co.,Ltd.
14.3.11 TimkenSteel
14.3.12 Citic Pacific Special Steel
14.3.13 Ben Gang Group
14.3.14 Sunny Steel Enterprise
14.3.15 Zhongtian Steel
