Market Overview:
The global instrumented bearing market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for bearings in various industrial applications, such as aerospace equipment, automotive, construction machinery, power transmission equipment, farm and garden machinery, oilfield machinery and others. In addition, the growing awareness about the benefits of using instrumented bearings is also contributing to the growth of this market.
Product Definition:
An instrumented bearing is a type of bearing that has been fitted with sensors to measure its operating parameters. These parameters can include vibration, temperature, and pressure. Instrumented bearings are used in a variety of applications, including industrial machinery, automobiles, and aircraft. They are important because they allow operators to monitor the condition of the bearing in order to prevent failures.
Roller Bearings:
roller bearings are used in various applications owing to their advantages such as low friction, high load carrying capacity, and the ability to operate under adverse conditions. The market for roller bearings is driven by factors such as growing demand from industrial equipment manufacturers and the need for cost-effective solutions in application areas including automotive & transportation.
Ball Bearings:
Ball bearings are rolling-element bearings that are widely used in high-performance applications owing to their advantages such as low friction, minimal wear and tear, higher accuracy, and faster operations. They can also be used in heavy load/high speed applications since they have a wider inner race than conventional roller bearings.
The global ball bearing market size was valued at USD 6.5 billion in 2016.
Application Insights:
The automotive segment accounted for the largest revenue share in 2016 and is anticipated to witness significant growth over the forecast period. The rise in demand for high-performance, lightweight, and cost-efficient bearings is expected to drive the segment growth.
In addition, rising demand from other application industries such as construction machinery, aerospace equipment, marine equipment & systems including offshore oil & gas production are expected to propel industry expansion over the forecast period. Increasing industrialization coupled with urbanization has led to an increased need for efficient transportation systems that are capable of moving large volumes of goods within a short time span which will further augment instrumented bearing market development during future years.
Automotive applications include interior components such as steering wheels and gear levers along with exterior parts such as power steering pumps and wiper motors among others which use ball or roller bearings respectively.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The growth of this region can be attributed to increasing industrialization, rising investments in infrastructure development, and rapid expansion of manufacturing facilities by various companies. Moreover, growing demand for energyfu l products owing to increasing population has led to an increased use of bearings in power generation equipment as well as renewable energy projects.
The Asia Pacific is also one of the largest consumers of farm machinery due to high agricultural output per hectare compared with other regions such as North America and Europe. Furthermore, China being a major manufacturing hub for almost every industry has led it being called the factory ofthe world’s leading economies which subsequently drives product demand from other countries such as India and Japan among others thus propelling regional growth significantly over the forecast period.
Growth Factors:
- Increasing demand from the end-user industries
- Growing awareness about the benefits of using instrumented bearings
- Rising adoption of advanced technologies in bearing manufacturing process
- Growing number of research and development activities for improving the performance of instrumented bearings
- Increasing investments by leading players to expand their product offerings and strengthen their market position
Scope Of The Report
Report Attributes
Report Details
Report Title
Instrumented Bearing Market Research Report
By Type
Roller Bearings, Ball Bearings, Plain Bearings, Others
By Application
Aerospace Equipment, Automotive, Construction Machinery, Power Transmission Equipment, Farm and Garden Machinery, Oilfield Machinery, Others
By Companies
Schaeffler Group, JTEKT Corporation, NTN Corporation, The Timken Company, SKF Group
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
229
Number of Tables & Figures
161
Customization Available
Yes, the report can be customized as per your need.
Global Instrumented Bearing Market Report Segments:
The global Instrumented Bearing market is segmented on the basis of:
Types
Roller Bearings, Ball Bearings, Plain 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
Aerospace Equipment, Automotive, Construction Machinery, Power Transmission Equipment, Farm and Garden Machinery, Oilfield 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:
- Schaeffler Group
- JTEKT Corporation
- NTN Corporation
- The Timken Company
- SKF Group
Highlights of The Instrumented 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:
- Roller Bearings
- Ball Bearings
- Plain Bearings
- Others
- By Application:
- Aerospace Equipment
- Automotive
- Construction Machinery
- Power Transmission Equipment
- Farm and Garden Machinery
- Oilfield 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 Instrumented 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.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
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- Consumer Insights
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- Product & Brand Management
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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?
Instrumented bearings are a type of bearing that is fitted with sensors to measure the rotational speed, position, and other characteristics of the bearing. This information is then used to optimize performance and ensure reliability.
Some of the key players operating in the instrumented bearing market are Schaeffler Group, JTEKT Corporation, NTN Corporation, The Timken Company, SKF Group.
The instrumented bearing 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 Instrumented 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 Instrumented Bearing Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Instrumented 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 Instrumented 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 Instrumented Bearing Market Size & Forecast, 2018-2028 4.5.1 Instrumented Bearing Market Size and Y-o-Y Growth 4.5.2 Instrumented Bearing Market Absolute $ Opportunity
Chapter 5 Global Instrumented Bearing 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 Instrumented Bearing Market Size Forecast by Type
5.2.1 Roller Bearings
5.2.2 Ball Bearings
5.2.3 Plain Bearings
5.2.4 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Instrumented Bearing 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 Instrumented Bearing Market Size Forecast by Applications
6.2.1 Aerospace Equipment
6.2.2 Automotive
6.2.3 Construction Machinery
6.2.4 Power Transmission Equipment
6.2.5 Farm and Garden Machinery
6.2.6 Oilfield Machinery
6.2.7 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Instrumented 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 Instrumented 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 Instrumented Bearing Analysis and Forecast
9.1 Introduction
9.2 North America Instrumented Bearing 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 Instrumented Bearing Market Size Forecast by Type
9.6.1 Roller Bearings
9.6.2 Ball Bearings
9.6.3 Plain Bearings
9.6.4 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 Instrumented Bearing Market Size Forecast by Applications
9.10.1 Aerospace Equipment
9.10.2 Automotive
9.10.3 Construction Machinery
9.10.4 Power Transmission Equipment
9.10.5 Farm and Garden Machinery
9.10.6 Oilfield Machinery
9.10.7 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 Instrumented Bearing Analysis and Forecast
10.1 Introduction
10.2 Europe Instrumented Bearing 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 Instrumented Bearing Market Size Forecast by Type
10.6.1 Roller Bearings
10.6.2 Ball Bearings
10.6.3 Plain Bearings
10.6.4 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 Instrumented Bearing Market Size Forecast by Applications
10.10.1 Aerospace Equipment
10.10.2 Automotive
10.10.3 Construction Machinery
10.10.4 Power Transmission Equipment
10.10.5 Farm and Garden Machinery
10.10.6 Oilfield Machinery
10.10.7 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 Instrumented Bearing Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Instrumented Bearing 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 Instrumented Bearing Market Size Forecast by Type
11.6.1 Roller Bearings
11.6.2 Ball Bearings
11.6.3 Plain Bearings
11.6.4 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 Instrumented Bearing Market Size Forecast by Applications
11.10.1 Aerospace Equipment
11.10.2 Automotive
11.10.3 Construction Machinery
11.10.4 Power Transmission Equipment
11.10.5 Farm and Garden Machinery
11.10.6 Oilfield Machinery
11.10.7 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 Instrumented Bearing Analysis and Forecast
12.1 Introduction
12.2 Latin America Instrumented Bearing 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 Instrumented Bearing Market Size Forecast by Type
12.6.1 Roller Bearings
12.6.2 Ball Bearings
12.6.3 Plain Bearings
12.6.4 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 Instrumented Bearing Market Size Forecast by Applications
12.10.1 Aerospace Equipment
12.10.2 Automotive
12.10.3 Construction Machinery
12.10.4 Power Transmission Equipment
12.10.5 Farm and Garden Machinery
12.10.6 Oilfield Machinery
12.10.7 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) Instrumented Bearing Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Instrumented Bearing 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) Instrumented Bearing Market Size Forecast by Type
13.6.1 Roller Bearings
13.6.2 Ball Bearings
13.6.3 Plain Bearings
13.6.4 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) Instrumented Bearing Market Size Forecast by Applications
13.10.1 Aerospace Equipment
13.10.2 Automotive
13.10.3 Construction Machinery
13.10.4 Power Transmission Equipment
13.10.5 Farm and Garden Machinery
13.10.6 Oilfield Machinery
13.10.7 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 Instrumented Bearing Market: Competitive Dashboard
14.2 Global Instrumented Bearing Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Schaeffler Group
14.3.2 JTEKT Corporation
14.3.3 NTN Corporation
14.3.4 The Timken Company
14.3.5 SKF Group