Market Overview:
The global industrial machinery sensor bearing units 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 industrial machinery sensor bearing units in various applications such as automotive, aerospace & defense, oil & gas, metal & mining and others. Moreover, the growing awareness about the benefits of using industrial machinery sensor bearing units is also contributing to the growth of this market.
Product Definition:
Industrial Machinery Sensor Bearing Units are used to detect the bearing temperature of a machine. The importance of Industrial Machinery Sensor Bearing Units is that they help to prevent damage to the machinery by detecting issues with the bearings early on.
Speed Sensor Bearing:
The speed sensor bearing unit is used to measure the rotational speed of a machine or the revolution of an input shaft in a process. It is also used to measure the orbital motion of a main shaft. The product finds its application in various industries such as automotive, food & beverages, and pharmaceuticals among others where high precision and reliability are required.
Temperature Sensor Bearing:
A sensor bearing is a type of rolling element, which is used to transmit the rotary motion between two or more objects. It has an enclosed race and at least one rolling contact surface that can be made by steel or other metal alloys, plastic materials like PTFE (Teflon), ceramic material, and nylon. The most common types of sensors are roller bearings and ball bearings.
Application Insights:
The automotive segment accounted for the largest revenue share in 2016 and is projected to continue its dominance over the forecast period. The growth of this segment can be attributed to increasing demand for vehicles across the globe. Industrial machinery sensors are used in various applications of automotive including engine, transmission, air conditioner, fuel injection system and body electronics among others.
Automotive manufacturers are focusing on reducing vehicle weight by installing lightweight components such as electric power steering and four-wheel drive systems using industrial machinery sensors that deliver high precision with low maintenance cost. Moreover, stringent government regulations regarding reduction of vehicular emissions coupled with growing consumer awareness regarding environment protection is expected to propel industry expansion over the forecast period.
Regional Analysis:
Asia Pacific dominated the global market in 2017. The region is expected to witness significant growth over the forecast period owing to increasing demand for industrial machinery and rapid development of manufacturing sector in China, India, Japan, and South Korea. In addition, rising investments by governments of various countries such as China and India are anticipated to boost production activities across a wide range of industries including automotive, electronics assembly line etc., which will further propel product demand.
The European market is also estimated to grow at a considerable rate over the coming years due to favorable government initiatives regarding adoption of new technologies coupled with growing awareness among end-users pertainingto benefits offered by sensors bearing units. Moreover, presenceof major automobile manufacturers such as Daimler AG; Mercedes-Benz; BMW Group; Ferrari S.p.A.; Volkswagen Group A GmbH & Co.; AUDI AG; Porsche Carsunite Inc.
Growth Factors:
- Increasing demand for industrial machinery sensor bearing units from the automotive and aerospace industries due to the growing need for precision and reliability in machines.
- Rising demand for miniaturized sensors in industrial machinery sensor bearing units to achieve higher performance levels and accuracy.
- Growing popularity of smart factories, which require advanced sensing technologies for efficient operation. This is expected to drive the growth of the industrial machinery sensor bearing unit market during the forecast period.
- Proliferation of Internet of Things (IoT) across various industry verticals is expected to create new opportunities for industrial machinery sensor bearing unit manufacturers and suppliers over the next few years. 5
Scope Of The Report
Report Attributes
Report Details
Report Title
Industrial Machinery Sensor Bearing Units Market Research Report
By Type
Speed Sensor Bearing, Temperature Sensor Bearing, Vibration Sensor Bearing, Displacement Sensor Bearing
By Application
Automotive, Aerospace & Defense, Oil & Gas, Metal & Mining, Others
By Companies
Jtekt, SKF, NTN Corporation, The Timken Company, Schaeffler, NSK, Thomson Industries, Mageba SA, Brtec, Fersa Bearings, Nachi Europe, Wafangdian Bearing, Harbin Bearing Manufacturing
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
160
Number of Tables & Figures
112
Customization Available
Yes, the report can be customized as per your need.
Global Industrial Machinery Sensor Bearing Units Market Report Segments:
The global Industrial Machinery Sensor Bearing Units market is segmented on the basis of:
Types
Speed Sensor Bearing, Temperature Sensor Bearing, Vibration Sensor Bearing, Displacement Sensor 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
Automotive, Aerospace & Defense, Oil & Gas, Metal & Mining, 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:
- Jtekt
- SKF
- NTN Corporation
- The Timken Company
- Schaeffler
- NSK
- Thomson Industries
- Mageba SA
- Brtec
- Fersa Bearings
- Nachi Europe
- Wafangdian Bearing
- Harbin Bearing Manufacturing
Highlights of The Industrial Machinery Sensor Bearing Units 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:
- Speed Sensor Bearing
- Temperature Sensor Bearing
- Vibration Sensor Bearing
- Displacement Sensor Bearing
- By Application:
- Automotive
- Aerospace & Defense
- Oil & Gas
- Metal & Mining
- 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 Industrial Machinery Sensor Bearing Units 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:
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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?
Industrial machinery sensor bearing units are used in industrial applications to provide accurate and reliable movement of sensors. These bearings typically use ball bearings to allow for smooth movement and reduced wear.
Some of the major players in the industrial machinery sensor bearing units market are Jtekt, SKF, NTN Corporation, The Timken Company, Schaeffler, NSK, Thomson Industries, Mageba SA, Brtec, Fersa Bearings, Nachi Europe, Wafangdian Bearing, Harbin Bearing Manufacturing.
The industrial machinery sensor bearing units 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 Industrial Machinery Sensor Bearing Units 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 Industrial Machinery Sensor Bearing Units Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Industrial Machinery Sensor Bearing Units 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 Industrial Machinery Sensor Bearing Units 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 Industrial Machinery Sensor Bearing Units Market Size & Forecast, 2018-2028
4.5.1 Industrial Machinery Sensor Bearing Units Market Size and Y-o-Y Growth
4.5.2 Industrial Machinery Sensor Bearing Units Market Absolute $ Opportunity
Chapter 5 Global Industrial Machinery Sensor Bearing Units 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 Industrial Machinery Sensor Bearing Units Market Size Forecast by Type
5.2.1 Speed Sensor Bearing
5.2.2 Temperature Sensor Bearing
5.2.3 Vibration Sensor Bearing
5.2.4 Displacement Sensor Bearing
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Industrial Machinery Sensor Bearing Units 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 Industrial Machinery Sensor Bearing Units Market Size Forecast by Applications
6.2.1 Automotive
6.2.2 Aerospace & Defense
6.2.3 Oil & Gas
6.2.4 Metal & Mining
6.2.5 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Industrial Machinery Sensor Bearing Units 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 Industrial Machinery Sensor Bearing Units 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 Industrial Machinery Sensor Bearing Units Analysis and Forecast
9.1 Introduction
9.2 North America Industrial Machinery Sensor Bearing Units 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 Industrial Machinery Sensor Bearing Units Market Size Forecast by Type
9.6.1 Speed Sensor Bearing
9.6.2 Temperature Sensor Bearing
9.6.3 Vibration Sensor Bearing
9.6.4 Displacement Sensor 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 Industrial Machinery Sensor Bearing Units Market Size Forecast by Applications
9.10.1 Automotive
9.10.2 Aerospace & Defense
9.10.3 Oil & Gas
9.10.4 Metal & Mining
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 Industrial Machinery Sensor Bearing Units Analysis and Forecast
10.1 Introduction
10.2 Europe Industrial Machinery Sensor Bearing Units 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 Industrial Machinery Sensor Bearing Units Market Size Forecast by Type
10.6.1 Speed Sensor Bearing
10.6.2 Temperature Sensor Bearing
10.6.3 Vibration Sensor Bearing
10.6.4 Displacement Sensor 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 Industrial Machinery Sensor Bearing Units Market Size Forecast by Applications
10.10.1 Automotive
10.10.2 Aerospace & Defense
10.10.3 Oil & Gas
10.10.4 Metal & Mining
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 Industrial Machinery Sensor Bearing Units Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Industrial Machinery Sensor Bearing Units 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 Industrial Machinery Sensor Bearing Units Market Size Forecast by Type
11.6.1 Speed Sensor Bearing
11.6.2 Temperature Sensor Bearing
11.6.3 Vibration Sensor Bearing
11.6.4 Displacement Sensor 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 Industrial Machinery Sensor Bearing Units Market Size Forecast by Applications
11.10.1 Automotive
11.10.2 Aerospace & Defense
11.10.3 Oil & Gas
11.10.4 Metal & Mining
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 Industrial Machinery Sensor Bearing Units Analysis and Forecast
12.1 Introduction
12.2 Latin America Industrial Machinery Sensor Bearing Units 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 Industrial Machinery Sensor Bearing Units Market Size Forecast by Type
12.6.1 Speed Sensor Bearing
12.6.2 Temperature Sensor Bearing
12.6.3 Vibration Sensor Bearing
12.6.4 Displacement Sensor 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 Industrial Machinery Sensor Bearing Units Market Size Forecast by Applications
12.10.1 Automotive
12.10.2 Aerospace & Defense
12.10.3 Oil & Gas
12.10.4 Metal & Mining
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) Industrial Machinery Sensor Bearing Units Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Industrial Machinery Sensor Bearing Units 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) Industrial Machinery Sensor Bearing Units Market Size Forecast by Type
13.6.1 Speed Sensor Bearing
13.6.2 Temperature Sensor Bearing
13.6.3 Vibration Sensor Bearing
13.6.4 Displacement Sensor 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) Industrial Machinery Sensor Bearing Units Market Size Forecast by Applications
13.10.1 Automotive
13.10.2 Aerospace & Defense
13.10.3 Oil & Gas
13.10.4 Metal & Mining
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 Industrial Machinery Sensor Bearing Units Market: Competitive Dashboard
14.2 Global Industrial Machinery Sensor Bearing Units Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Jtekt
14.3.2 SKF
14.3.3 NTN Corporation
14.3.4 The Timken Company
14.3.5 Schaeffler
14.3.6 NSK
14.3.7 Thomson Industries
14.3.8 Mageba SA
14.3.9 Brtec
14.3.10 Fersa Bearings
14.3.11 Nachi Europe
14.3.12 Wafangdian Bearing
14.3.13 Harbin Bearing Manufacturing
