Market Overview:
The global high-carbon chromium 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 is segmented on the basis of type, application and region. On the basis of type, the market is segmented into GCr15, GCr15SiMn and others. Among these, GCr15 accounts for a major share in terms of revenue contribution in 2018 and is expected to maintain its dominance throughout the forecast period. This can be attributed to its superior properties such as hardness, wear resistance and toughness when compared with other types available in the market. On account of these benefits offered by GCr15 steel grades, they are extensively used across various industries such as bearing industry, automotive industry etc., thereby propelling their demand over the forecast period.
Product Definition:
High-carbon chromium bearing steel is a type of alloy steel that has a high carbon content and a high level of chromium. This type of steel is used in applications where extreme toughness and resistance to wear are required, such as bearings, gears, cutting tools, and dies.
GCr15:
GCr15 is a type of steel that contains 15% carbon by weight. It has the ability to form carbides at room temperature and has high tensile strength, ductility, hardness, malleability and weldability.
GCr15SiMn:
GCr15SiMn is a type of Chromium bearing steel that contains 15% by mass percent of silicon and 0.3% by mass percent of manganese, along with the normal amount of carbon. It has a higher yield strength than Cr-based steel and can be used in applications where high strength is required, such as machinery parts or tools that are used for heavy-duty operations.
Application Insights:
The application segment includes the bearing industry and other applications. The bearing industry dominated the global high-carbon chromium bearing steel market in terms of revenue share in 2017, accounting for over 60% of the total market volume. This is attributed to increasing demand from various industries including oil & gas, construction, energy, and transportation which are majorly driven by growing economies such as China India and Japan.
The growth of these economies has been phenomenal over the past few years with an average annual growth rate (AAGR) exceeding 9% since 2010 which is expected to continue through 2018 on account of supportive government policies regarding infrastructure development along with rising disposable income levels among consumers resulting in a higher demand for vehicles especially trucks and buses.
Regional Analysis:
Asia Pacific was the largest market for high-carbon chromium bearing steel, accounting for a share of over 45% in 2017. The region is expected to witness significant growth owing to increasing industrialization and rising infrastructure spending. In addition, growing automotive production in countries such as India and China is anticipated to drive demand over the forecast period.
The presence of key manufacturers such as Nippon Steel & Sumitomo Metal Corporation (NSSMC) has led Asia Pacific being called the manufacturing hub of bearing steel products across the globe. However, recent outbreak of COVID-19 in countries such as China and India have severely impacted global manufacturing operations which are expected to negatively impact product demand shortly.
North America was estimated at USD X million in 2017 on account with growing use across various applications including aerospace components.
Growth Factors:
- Increasing demand from the automotive and aerospace industries
- Growing popularity of high-carbon chromium bearing steel in the construction industry
- Rising demand for wear-resistant steel products
- Technological advancements that have led to the development of new grades of high-carbon chromium bearing steel
- The increasing use of recycled materials in manufacturing
Scope Of The Report
Report Attributes
Report Details
Report Title
High-carbon Chromium Bearing Steel Market Research Report
By Type
GCr15, GCr15SiMn, Others
By Application
Bearing Industry, Others
By Companies
Sanyo Steel, Nachi-Fujikoshi, Weifang Special Steel, Shanghai Ruiru Metal Group, China South 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
175
Number of Tables & Figures
123
Customization Available
Yes, the report can be customized as per your need.
Global High-carbon Chromium Bearing Steel Market Report Segments:
The global High-carbon Chromium Bearing Steel market is segmented on the basis of:
Types
GCr15, GCr15SiMn, 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
Bearing Industry, 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:
- Sanyo Steel
- Nachi-Fujikoshi
- Weifang Special Steel
- Shanghai Ruiru Metal Group
- China South Steel
Highlights of The High-carbon Chromium 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:
- GCr15
- GCr15SiMn
- Others
- By Application:
- Bearing Industry
- 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 High-carbon Chromium 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
- 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?
High-carbon chromium bearing steel is a type of steel that is made from high-quality, low-alloy carbon steels. These steels are typically used in applications where strength and durability are important, such as gears and shafts in engines and machines.
Some of the key players operating in the high-carbon chromium bearing steel market are Sanyo Steel, Nachi-Fujikoshi, Weifang Special Steel, Shanghai Ruiru Metal Group, China South Steel.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 High-carbon Chromium 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 High-carbon Chromium Bearing Steel Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 High-carbon Chromium 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 High-carbon Chromium 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 High-carbon Chromium Bearing Steel Market Size & Forecast, 2020-2028
4.5.1 High-carbon Chromium Bearing Steel Market Size and Y-o-Y Growth
4.5.2 High-carbon Chromium 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 GCr15
5.2.2 GCr15SiMn
5.2.3 Others
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 Bearing Industry
6.2.2 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global High-carbon Chromium 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 High-carbon Chromium 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 GCr15
9.6.2 GCr15SiMn
9.6.3 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 Market Size Forecast by Applications
9.10.1 Bearing Industry
9.10.2 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 GCr15
10.6.2 GCr15SiMn
10.6.3 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 Market Size Forecast by Applications
10.10.1 Bearing Industry
10.10.2 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 GCr15
11.6.2 GCr15SiMn
11.6.3 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 Market Size Forecast by Applications
11.10.1 Bearing Industry
11.10.2 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 GCr15
12.6.2 GCr15SiMn
12.6.3 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 Market Size Forecast by Applications
12.10.1 Bearing Industry
12.10.2 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 GCr15
13.6.2 GCr15SiMn
13.6.3 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) Market Size Forecast by Applications
13.10.1 Bearing Industry
13.10.2 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 High-carbon Chromium Bearing Steel Market: Competitive Dashboard
14.2 Global High-carbon Chromium Bearing Steel Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Sanyo Steel
14.3.2 Nachi-Fujikoshi
14.3.3 Weifang Special Steel
14.3.4 Shanghai Ruiru Metal Group
14.3.5 China South Steel
