Market Overview:
The global double row self-aligning bearing 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 double row self-aligning bearings in various applications such as mining machines, automotive, medical equipment and others. In addition, the growing industrialization and urbanization in developing countries are also contributing to the growth of this market. However, volatility in raw material prices may restrain the growth of this market during the forecast period. Based on type, cylindrical bore self-aligning bearings are expected to hold a major share of the global double row self-aligning bearing market during the forecast period from 2018 to 2030. This can be attributed to their high demand in various applications such as mining machines and automobiles owing to their superior performance characteristics over other types of bearings available in this category.
Product Definition:
A double row self-aligning bearing is a type of ball bearing that uses two rows of balls instead of one. This construction allows the bearing to better accommodate misalignment between the shaft and housing, which can occur when the shaft and housing are not perfectly parallel. The double row self-aligning bearings also have greater capacity for radial load than single row bearings, making them ideal for use in high-stress applications.
Cylindrical Bore Self-aligning Bearing:
Cylindrical bore self-aligning bearings are used in machinery and equipment that requires a cylindrical surface on which to rest. The cylindrical surface is achieved by means of rolling or pressing the bearing. Cylindrical bore self-aligning bearings are also known as radial ball bearings owing to their shape, which is similar to a football (or soccer ball) with the seam down the middle.
Tapered Bore Self-aligning Bearing:
TBSB is a type of self-aligning bearing that uses tapered bore design to allow the inner race to slide over the outer race without any damage. The two races are separated by an O-ring seal that acts as a restraint, which prevents them from coming in contact with each other. As a result, there is very little or no friction between the moving parts and this leads to improved performance and reliability of the product at high speeds.
Application Insights:
The mining machine segment accounted for the largest revenue share in 2017 and is projected to continue its dominance over the forecast period. The growth can be attributed to increasing demand from various sectors such as construction, automotive, and energy. Furthermore, technological advancements have also paved way for greater efficiency which is further driving the adoption of DRSB in this application segment.
The automotive sector was one of the major application segments that witnessed significant penetration of double row self aligning bearings over recent years owing to their lightweight properties along with enhanced performance characteristics required in this industry. The growing automobile manufacturing industry across various regions has significantly contributed towards market growth over recent years.
Regional Analysis:
Asia Pacific dominated the global double row self aligning bearing market in terms of revenue with a share of over 45% in 2017. The region is expected to witness significant growth rate owing to the presence of key mining companies such as Rio Tinto, BHP Billiton, and Xstrata. These companies are engaged in extensive development activities for new mines and expansion projects which will drive demand for various types of machinery including trucks, conveyor belts, and compactors.
The growing manufacturing sector coupled with increasing foreign investments is likely to propel industrialization across Asia Pacific countries such as China and India thereby driving product demand over the forecast period. In addition, rising construction activities due to urbanization are anticipated to fuel product demand further driving regional market growth during the forecast period.
Europe accounted for more than 20% share in 2017 owing its large population base along with high purchasing power that drives automotive production across major countries including Germany Italy France Spain U-K., etc.
Growth Factors:
- Increasing demand from the automotive industry
- Growing demand for Double Row Self Aligning Bearing in the construction and mining industries
- Rising popularity of electric vehicles
- Proliferation of online sales channels
- Growing awareness about the benefits of using Double Row Self Aligning Bearing
Scope Of The Report
Report Attributes
Report Details
Report Title
Double Row Self Aligning Bearing Market Research Report
By Type
Cylindrical Bore Self-aligning Bearing, Tapered Bore Self-aligning Bearing
By Application
Mining Machine, Automotive, Medical Equipment, Other
By Companies
Baltic Bearing Company, Timken Company, NSK, Schaffler, JTEKT, NTN Corporation, Aurora Bearing, NBC Bearings, AST Bearings LLC
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
244
Number of Tables & Figures
171
Customization Available
Yes, the report can be customized as per your need.
Global Double Row Self Aligning Bearing Market Report Segments:
The global Double Row Self Aligning Bearing market is segmented on the basis of:
Types
Cylindrical Bore Self-aligning Bearing, Tapered Bore Self-aligning Bearing
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
Mining Machine, Automotive, Medical Equipment, Other
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:
- Baltic Bearing Company
- Timken Company
- NSK
- Schaffler
- JTEKT
- NTN Corporation
- Aurora Bearing
- NBC Bearings
- AST Bearings LLC
Highlights of The Double Row Self Aligning Bearing 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:
- Cylindrical Bore Self-aligning Bearing
- Tapered Bore Self-aligning Bearing
- By Application:
- Mining Machine
- Automotive
- Medical Equipment
- Other
- 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 Double Row Self Aligning Bearing 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.
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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?
Double row self-aligning bearings are a type of bearing that have two rows of balls. These bearings allow for smooth movement and less friction, which is why they are often used in high-performance applications.
Some of the major companies in the double row self aligning bearing market are Baltic Bearing Company, Timken Company, NSK, Schaffler, JTEKT, NTN Corporation, Aurora Bearing, NBC Bearings, AST Bearings LLC.
The double row self aligning bearing 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 Double Row Self Aligning Bearing 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 Double Row Self Aligning Bearing Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Double Row Self Aligning Bearing 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 Double Row Self Aligning Bearing 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 Double Row Self Aligning Bearing Market Size & Forecast, 2020-2028
4.5.1 Double Row Self Aligning Bearing Market Size and Y-o-Y Growth
4.5.2 Double Row Self Aligning Bearing 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 Cylindrical Bore Self-aligning Bearing
5.2.2 Tapered Bore Self-aligning Bearing
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 Mining Machine
6.2.2 Automotive
6.2.3 Medical Equipment
6.2.4 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Double Row Self Aligning Bearing 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 Double Row Self Aligning Bearing 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 Cylindrical Bore Self-aligning Bearing
9.6.2 Tapered Bore Self-aligning Bearing
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 Mining Machine
9.10.2 Automotive
9.10.3 Medical Equipment
9.10.4 Other
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 Cylindrical Bore Self-aligning Bearing
10.6.2 Tapered Bore Self-aligning Bearing
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 Mining Machine
10.10.2 Automotive
10.10.3 Medical Equipment
10.10.4 Other
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 Cylindrical Bore Self-aligning Bearing
11.6.2 Tapered Bore Self-aligning Bearing
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 Mining Machine
11.10.2 Automotive
11.10.3 Medical Equipment
11.10.4 Other
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 Cylindrical Bore Self-aligning Bearing
12.6.2 Tapered Bore Self-aligning Bearing
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 Mining Machine
12.10.2 Automotive
12.10.3 Medical Equipment
12.10.4 Other
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 Cylindrical Bore Self-aligning Bearing
13.6.2 Tapered Bore Self-aligning Bearing
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 Mining Machine
13.10.2 Automotive
13.10.3 Medical Equipment
13.10.4 Other
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 Double Row Self Aligning Bearing Market: Competitive Dashboard
14.2 Global Double Row Self Aligning Bearing Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Baltic Bearing Company
14.3.2 Timken Company
14.3.3 NSK
14.3.4 Schaffler
14.3.5 JTEKT
14.3.6 NTN Corporation
14.3.7 Aurora Bearing
14.3.8 NBC Bearings
14.3.9 AST Bearings LLC
