Market Overview:
The global bearings for construction machinery market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market was valued at US$ 7,819.0 Mn in 2017 and is projected to reach US$ 13,362.4 Mn by 2030. The growth of the global bearings for construction machinery market can be attributed to the increasing demand for construction equipment across the globe coupled with rising investments in infrastructure development projects. Based on type, the deep groove ball bearings segment accounted for a major share of the global bearings for construction machinery market in 2017 and is projected to retain its dominance throughout the forecast period from 2018 to 2030. This can be attributed to their high load-carrying capacity and ability to withstand high speeds and radial loads simultaneously.
Product Definition:
Bearings are important for construction machinery because they allow the machinery to move smoothly and without friction. This allows the machinery to function properly and reduces wear and tear on the moving parts.
Deep Groove Ball Bearings:
Deep Groove Ball bearings are used in construction machinery such as earthmoving & road building equipment, mining & excavating equipment and heavy-duty vehicles. Construction machinery is designed to work at a certain speed which ranges between 2 to 5 meters per second. At this high speed the components of the machine need to be able to withstand the load without any failure occurring which is why ball bearings are used in construction machineries.
Tapered and Cylindrical Roller Bearings:
Tapered and cylindrical roller bearings are used in construction machinery such as earthmoving & road building equipment, mining & quarrying equipment, and agricultural machinery. Construction machinery is subjected to heavy loadings which require high endurance of the parts. This increases the demand for tapered and cylindrical roller bearings which have a low rate of replacement owing to their cost effectiveness.
The global market for tapered.
Application Insights:
The construction machinery segment dominated the global market in 2017 and is expected to witness significant growth over the forecast period. This can be attributed to increasing infrastructure spending in emerging economies of Asia Pacific and Latin America. In addition, growing urbanization projects across developing countries are likely to contribute significantly towards industry growth over the next eight years.
The electric power machinery segment is estimated to register a CAGR of XX% from 2018 to 2030 owing to increased demand for electrical equipment in mining, construction, automotive industries worldwide.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to witness moderate growth over the forecast period owing to a decline in construction activities and electric power generation. However, growing demand for earthmoving equipment and heavy-duty construction machinery due to increased infrastructure spending may drive the regional market over the forecast period.
Asia Pacific is anticipated to be one of the fastest-growing regions during the forecast years on account of rapid industrialization, rising population, improving standard of living coupled with increasing disposable income levels in emerging economies such as China and India. In addition, favorable government initiatives aimed at promoting investments through public-private partnerships are projected to boost machine tool sales across Asia Pacific thereby driving industry growth.
Growth Factors:
- Increasing demand for construction machinery from developing countries such as China and India due to the growth of their economies and infrastructure development.
- Rising demand for energy-efficient and environmentally friendly construction machinery.
- Growing use of bearings in electric vehicles and hybrid vehicles.
- Increasing use of bearings in medical equipment, aerospace, and other high-tech applications.
- Development of new bearing materials that offer improved performance, longer life, and lower cost
Scope Of The Report
Report Attributes
Report Details
Report Title
Bearings for Construction Machinery Market Research Report
By Type
Deep Groove Ball Bearings, Tapered and Cylindrical Roller Bearings, Spherical Ball Bearings, Thrust Ball Bearings, Others
By Application
Construction Machinery, Electric Power Machinery, Hydraulic Machinery, Road Machinery, Others
By Companies
NKE Bearings, JTEKT, Schaeffler, SKF, NSK, TIMKEN, NTN Corporation, CU Group, Wafangdian Bearing Group, Wanxiang Group, LYC, XCC Group, Luoyang Xinqianglian Bearing, SGO CO., LTD, WD Bearing Group, Nanfang Bearing, Harbin Bearing, Luoyang Bearing Research, TMB, Xibei Bearing, Fujian Longxi Bearing
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
221
Number of Tables & Figures
155
Customization Available
Yes, the report can be customized as per your need.
Global Bearings for Construction Machinery Market Report Segments:
The global Bearings for Construction Machinery market is segmented on the basis of:
Types
Deep Groove Ball Bearings, Tapered and Cylindrical Roller Bearings, Spherical Ball Bearings, Thrust Ball Bearings, Others
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
Construction Machinery, Electric Power Machinery, Hydraulic Machinery, Road 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:
- NKE Bearings
- JTEKT
- Schaeffler
- SKF
- NSK
- TIMKEN
- NTN Corporation
- CU Group
- Wafangdian Bearing Group
- Wanxiang Group
- LYC
- XCC Group
- Luoyang Xinqianglian Bearing
- SGO CO., LTD
- WD Bearing Group
- Nanfang Bearing
- Harbin Bearing
- Luoyang Bearing Research
- TMB
- Xibei Bearing
- Fujian Longxi Bearing
Highlights of The Bearings for Construction Machinery 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:
- Deep Groove Ball Bearings
- Tapered and Cylindrical Roller Bearings
- Spherical Ball Bearings
- Thrust Ball Bearings
- Others
- By Application:
- Construction Machinery
- Electric Power Machinery
- Hydraulic Machinery
- Road 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 Bearings for Construction Machinery 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
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- 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?
Bearings are used in construction machinery to allow the machine to move smoothly and without friction.
Some of the major companies in the bearings for construction machinery market are NKE Bearings, JTEKT, Schaeffler, SKF, NSK, TIMKEN, NTN Corporation, CU Group, Wafangdian Bearing Group, Wanxiang Group, LYC, XCC Group, Luoyang Xinqianglian Bearing, SGO CO., LTD, WD Bearing Group, Nanfang Bearing, Harbin Bearing, Luoyang Bearing Research, TMB, Xibei Bearing, Fujian Longxi Bearing.
The bearings for construction machinery market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Bearings for Construction Machinery 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 Bearings for Construction Machinery Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Bearings for Construction Machinery 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 Bearings for Construction Machinery 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 Bearings for Construction Machinery Market Size & Forecast, 2018-2028
4.5.1 Bearings for Construction Machinery Market Size and Y-o-Y Growth
4.5.2 Bearings for Construction Machinery Market Absolute $ Opportunity
Chapter 5 Global Bearings for Construction Machinery 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 Bearings for Construction Machinery Market Size Forecast by Type
5.2.1 Deep Groove Ball Bearings
5.2.2 Tapered and Cylindrical Roller Bearings
5.2.3 Spherical Ball Bearings
5.2.4 Thrust Ball Bearings
5.2.5 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Bearings for Construction Machinery 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 Bearings for Construction Machinery Market Size Forecast by Applications
6.2.1 Construction Machinery
6.2.2 Electric Power Machinery
6.2.3 Hydraulic Machinery
6.2.4 Road Machinery
6.2.5 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Bearings for Construction Machinery 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 Bearings for Construction Machinery 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 Bearings for Construction Machinery Analysis and Forecast
9.1 Introduction
9.2 North America Bearings for Construction Machinery 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 Bearings for Construction Machinery Market Size Forecast by Type
9.6.1 Deep Groove Ball Bearings
9.6.2 Tapered and Cylindrical Roller Bearings
9.6.3 Spherical Ball Bearings
9.6.4 Thrust Ball Bearings
9.6.5 Others
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 Bearings for Construction Machinery Market Size Forecast by Applications
9.10.1 Construction Machinery
9.10.2 Electric Power Machinery
9.10.3 Hydraulic Machinery
9.10.4 Road Machinery
9.10.5 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 Bearings for Construction Machinery Analysis and Forecast
10.1 Introduction
10.2 Europe Bearings for Construction Machinery 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 Bearings for Construction Machinery Market Size Forecast by Type
10.6.1 Deep Groove Ball Bearings
10.6.2 Tapered and Cylindrical Roller Bearings
10.6.3 Spherical Ball Bearings
10.6.4 Thrust Ball Bearings
10.6.5 Others
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 Bearings for Construction Machinery Market Size Forecast by Applications
10.10.1 Construction Machinery
10.10.2 Electric Power Machinery
10.10.3 Hydraulic Machinery
10.10.4 Road Machinery
10.10.5 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 Bearings for Construction Machinery Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Bearings for Construction Machinery 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 Bearings for Construction Machinery Market Size Forecast by Type
11.6.1 Deep Groove Ball Bearings
11.6.2 Tapered and Cylindrical Roller Bearings
11.6.3 Spherical Ball Bearings
11.6.4 Thrust Ball Bearings
11.6.5 Others
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 Bearings for Construction Machinery Market Size Forecast by Applications
11.10.1 Construction Machinery
11.10.2 Electric Power Machinery
11.10.3 Hydraulic Machinery
11.10.4 Road Machinery
11.10.5 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 Bearings for Construction Machinery Analysis and Forecast
12.1 Introduction
12.2 Latin America Bearings for Construction Machinery 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 Bearings for Construction Machinery Market Size Forecast by Type
12.6.1 Deep Groove Ball Bearings
12.6.2 Tapered and Cylindrical Roller Bearings
12.6.3 Spherical Ball Bearings
12.6.4 Thrust Ball Bearings
12.6.5 Others
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 Bearings for Construction Machinery Market Size Forecast by Applications
12.10.1 Construction Machinery
12.10.2 Electric Power Machinery
12.10.3 Hydraulic Machinery
12.10.4 Road Machinery
12.10.5 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) Bearings for Construction Machinery Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Bearings for Construction Machinery 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) Bearings for Construction Machinery Market Size Forecast by Type
13.6.1 Deep Groove Ball Bearings
13.6.2 Tapered and Cylindrical Roller Bearings
13.6.3 Spherical Ball Bearings
13.6.4 Thrust Ball Bearings
13.6.5 Others
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) Bearings for Construction Machinery Market Size Forecast by Applications
13.10.1 Construction Machinery
13.10.2 Electric Power Machinery
13.10.3 Hydraulic Machinery
13.10.4 Road Machinery
13.10.5 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 Bearings for Construction Machinery Market: Competitive Dashboard
14.2 Global Bearings for Construction Machinery Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 NKE Bearings
14.3.2 JTEKT
14.3.3 Schaeffler
14.3.4 SKF
14.3.5 NSK
14.3.6 TIMKEN
14.3.7 NTN Corporation
14.3.8 CU Group
14.3.9 Wafangdian Bearing Group
14.3.10 Wanxiang Group
14.3.11 LYC
14.3.12 XCC Group
14.3.13 Luoyang Xinqianglian Bearing
14.3.14 SGO CO., LTD
14.3.15 WD Bearing Group
14.3.16 Nanfang Bearing
14.3.17 Harbin Bearing
14.3.18 Luoyang Bearing Research
14.3.19 TMB
14.3.20 Xibei Bearing
14.3.21 Fujian Longxi Bearing
