Market Overview:
The global carburizing bearing steel market is estimated to be valued at US$ XX Mn in 2018 and is projected to register a CAGR of X.X% over the forecast period (2018-2030), reaching a value of US$XX Mn by 2030. The market growth can be attributed to the increasing demand for carburizing bearing steel from various end-use industries, such as locomotive bearings and rolling mill bearings. Based on type, the global carburizing bearing steel market has been segmented into rmbelow 1000MPa and rmabove 1000MPa. The rmbelow 1000MPa segment is expected to account for a major share of the global carburizing bearing steel market during the forecast period. This can be attributed to its low cost as compared to other types of high-strength steels available in the market. However, with technological advancements being made in this field, there is an increasing trend towards using rmabove 1000MPa steels for manufacturing high-strength components and parts that require superior performance characteristics.
Product Definition:
A process that diffuses carbon into the surface of steel, increasing its hardness and wear resistance. Carburizing bearing steel is important because it increases the lifespan of bearings, allowing them to withstand more wear and tear.
RmBelow 1000MPa:
RmBelow 1000MPa is a new term in the bearining steel market which means that the carbon content in the steel shall not exceed 0.1% by weight of any product manufactured or acquired by us and should be certified as bearing-grade quality standard below 1000Mpa (1750 psi).
Carburizing bearings are used where high loadings and speeds are involved, for example heavy industrial machinery, automotive components, construction equipment etc.
RmAbove 1000MPa:
Rm Above 1000MPa is the pressure between 0 and 10 atmosphere. It is used to measure the strength of materials that are resistant to carburization or oxidation. The higher the value, generally, the more resistant a material will be towards carburization or oxidation.
The global Carburizing Bearing Steel market size was valued at USD 1,2016 million in 2016.
Application Insights:
The locomotive bearings segment accounted for the largest market share in 2017 and is projected to expand at a CAGR of XX% over the forecast period. The growth can be attributed to increasing demand from regional railways, light rail systems, and high-speed trains across countries such as China, India, Japan, South Korea and Australia. These systems are expected to witness significant expansion projects over the coming years which will boost product demand in this application category.
Carburizing bearing steel is used for manufacturing rolling mill bearings that are employed in various industries including iron & steelmaking (I&S) and mining & quarrying (M&Q). The growing mining activities across regions such as Africa will propel product consumption in this application segment during the forecast period.
Regional Analysis:
Asia Pacific dominated the global carburizing bearing steel market in 2017. The region is expected to witness significant growth over the forecast period owing to increasing industrialization and rapid development of manufacturing industries. In addition, rising demand for heavy machinery in countries such as China and India is anticipated to drive the regional market growth.
The growing automotive industry across Asia Pacific has resulted in an increased production of rolling stock, which will further propel product demand over the next eight years. Furthermore, favorable government policies aimed at promoting domestic manufacturing are expected to create ample opportunities for manufacturers operating within Asia Pacific region thereby driving product consumption over the forecast period.
Europe accounted for a major share of revenue generated by North America within global carburizing bearing steel market owing to high application scope involving various types of machine tools used in numerous industries including metal cutting machines, drilling machines.
Growth Factors:
- Increasing demand from automotive and aerospace industries
- Growing popularity of carburizing bearing steel in China and India
- Rising adoption of carburizing bearing steel in the oil & gas industry
- Technological advancements in the production process of carburizing bearing steel
- Growing demand for high-performance bearings
Scope Of The Report
Report Attributes
Report Details
Report Title
Carburizing Bearing Steel Market Research Report
By Type
RmBelow 1000MPa, RmAbove 1000MPa
By Application
Locomotive Bearings, Rolling Mill Bearings
By Companies
Ovako, Sanyo Special Steel, CITIC Special Steel Group, Dongbei Specialsteel, Juneng, Nanjing Iron & Steel United Co. Ltd., Jiyuan Iron & Steel, Ovako
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
190
Number of Tables & Figures
133
Customization Available
Yes, the report can be customized as per your need.
Global Carburizing Bearing Steel Market Report Segments:
The global Carburizing Bearing Steel market is segmented on the basis of:
Types
RmBelow 1000MPa, RmAbove 1000MPa
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
Locomotive Bearings, Rolling Mill Bearings
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
- Sanyo Special Steel
- CITIC Special Steel Group
- Dongbei Specialsteel
- Juneng
- Nanjing Iron & Steel United Co. Ltd.
- Jiyuan Iron & Steel
- Ovako
Highlights of The Carburizing Bearing Steel 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:
- RmBelow 1000MPa
- RmAbove 1000MPa
- By Application:
- Locomotive Bearings
- Rolling Mill Bearings
- 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 Carburizing Bearing Steel 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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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?
Carburizing is a process of treating steel by heating it to a high temperature and then adding carbon in order to make the metal harder.
Some of the major companies in the carburizing bearing steel market are Ovako, Sanyo Special Steel, CITIC Special Steel Group, Dongbei Specialsteel, Juneng, Nanjing Iron & Steel United Co. Ltd., Jiyuan Iron & Steel, Ovako.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Carburizing Bearing Steel 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 Carburizing Bearing Steel Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Carburizing Bearing Steel 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 Carburizing Bearing Steel 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 Carburizing Bearing Steel Market Size & Forecast, 2020-2028 4.5.1 Carburizing Bearing Steel Market Size and Y-o-Y Growth 4.5.2 Carburizing Bearing Steel 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 RmBelow 1000MPa
5.2.2 RmAbove 1000MPa
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 Locomotive Bearings
6.2.2 Rolling Mill Bearings
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Carburizing Bearing Steel 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 Carburizing Bearing Steel 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 RmBelow 1000MPa
9.6.2 RmAbove 1000MPa
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 Locomotive Bearings
9.10.2 Rolling Mill Bearings
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 RmBelow 1000MPa
10.6.2 RmAbove 1000MPa
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 Locomotive Bearings
10.10.2 Rolling Mill Bearings
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 RmBelow 1000MPa
11.6.2 RmAbove 1000MPa
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 Locomotive Bearings
11.10.2 Rolling Mill Bearings
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 RmBelow 1000MPa
12.6.2 RmAbove 1000MPa
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 Locomotive Bearings
12.10.2 Rolling Mill Bearings
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 RmBelow 1000MPa
13.6.2 RmAbove 1000MPa
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 Locomotive Bearings
13.10.2 Rolling Mill Bearings
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 Carburizing Bearing Steel Market: Competitive Dashboard
14.2 Global Carburizing Bearing Steel Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Ovako
14.3.2 Sanyo Special Steel
14.3.3 CITIC Special Steel Group
14.3.4 Dongbei Specialsteel
14.3.5 Juneng
14.3.6 Nanjing Iron & Steel United Co. Ltd.
14.3.7 Jiyuan Iron & Steel
14.3.8 Ovako