Market Overview:
The global spherical bearings market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for spherical bearings from various end-use industries, such as machinery manufacturing, automobile industry, printing industry, aviation and others. In addition, the growing awareness about the benefits of using spherical bearings is also contributing to the growth of this market. Based on type, the global spherical bearings market can be segmented into Spherical Ball Bearings, Spherical Roller Bearings,, Spherical Plain Bearings,,Spherical Rod End Bearings and Other types. Among these segments, Spherical Roller Bearings are expected to witness highest growth during the forecast period owing to their high load carrying capacity and durability as compared with other types of spherical bearings. Based on application,the global spherel bearingmarket can be divided into Machinery Manufacturing,, Automobile Industry,, Printing Industry,, Aviationand Other applications. Among these segments,.automobileindustry,.printingindustry,.
Product Definition:
A spherical bearing is a type of rolling-element bearing that uses balls to maintain the separation between the races. Spherical bearings are designed to accommodate heavy radial loads and oscillating loads. They also provide good axial load capacity and can operate at high speeds.
Spherical Ball Bearings:
Spherical ball bearings are used in various applications such as automotive, aerospace and defense, construction equipment, medical equipment and industrial machinery. Spherical ball bearings have a rolling element that is completely enclosed by a race. The outer surface of the bearing is spherical while the inner surface has an axle which makes contact with the spinning object.
Spherical Roller Bearings:
Spherical roller bearings and it's usage in the spherical bearings market is used to support the rotating loads in radial and axial directions. The main advantages of using these products are low friction, high accuracy, low operating costs, easy maintenance & repair operations. These products also provide longer operational life with less frequent replacements.
Application Insights:
The machinery manufacturing segment accounted for the largest revenue share in 2016 and is projected to continue its dominance over the forecast period. The growth can be attributed to factors such as increasing demand from construction, mining and civil engineering industries. Moreover, rising demand for high precision machine tools from various industries including automotive, aerospace & defense is expected to drive product demand over the next eight years.
The automobile industry was one of the major consumers of sphericals products in 2016 owing to their extensive use in power trains and other components such as engine mounts & driveshafts that are prone to vibration & shock loads. In addition, they are also used extensively in aircraft engines due to their lightweight properties which further boosts product consumption globally every year since then. Other applications include industrial machinery; consumer goods; agriculture equipment; medical equipment; testing equipment etc.
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 demand from various application industries, such as machinery manufacturing, automotive, printing industry and aviation. In addition, rising investments by key manufacturers in developing countries are anticipated to boost product demand.
The Asia Pacific regional market is also characterized by rapidly growing economies such as China and India that present huge opportunities for industry participants. Furthermore, favorable government policies aimed at promoting domestic production activities are expected to drive regional product demand over the forecast period.
In terms of revenue share, Europe accounted for a significant amount in 2017 owing mainly to high consumption levels within major economies including Germany and Italy coupled with steady growth from other regions including CSA & MEA.
Growth Factors:
- Increasing demand from the automotive industry
- Growing demand for electric vehicles
- Rising popularity of renewable energy sources
- Proliferation of Internet of Things (IoT) and Industry 4.0 initiatives
- Growing investments in research and development
Scope Of The Report
Report Attributes
Report Details
Report Title
Spherical Bearings Market Research Report
By Type
Spherical Ball Bearings, Spherical Roller Bearings, Spherical Plain Bearings, Spherical Rod End Bearings, Other
By Application
Machinery Manufacturing, Automobile Industry, Printing Industry, Aviation, Other
By Companies
The Timken Company, Aurora Bearing, FYH Bearing, AST Bearings LLC, RBC Bearings, Moline Bearing Company, Precision Bearings Pvt.Ltd, KML Motion Industries Co., NBC Bearings, New Hampshire Ball Bearings, The Timken Company, BMG, Baltic Bearing Company, SKF
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
189
Number of Tables & Figures
133
Customization Available
Yes, the report can be customized as per your need.
Global Spherical Bearings Market Report Segments:
The global Spherical Bearings market is segmented on the basis of:
Types
Spherical Ball Bearings, Spherical Roller Bearings, Spherical Plain Bearings, Spherical Rod End Bearings, Other
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
Machinery Manufacturing, Automobile Industry, Printing Industry, Aviation, 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:
- The Timken Company
- Aurora Bearing
- FYH Bearing
- AST Bearings LLC
- RBC Bearings
- Moline Bearing Company
- Precision Bearings Pvt.Ltd
- KML Motion Industries Co.
- NBC Bearings
- New Hampshire Ball Bearings
- The Timken Company
- BMG
- Baltic Bearing Company
- SKF
Highlights of The Spherical Bearings 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:
- Spherical Ball Bearings
- Spherical Roller Bearings
- Spherical Plain Bearings
- Spherical Rod End Bearings
- Other
- By Application:
- Machinery Manufacturing
- Automobile Industry
- Printing Industry
- Aviation
- 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 Spherical Bearings 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?
Spherical bearings are a type of bearing that uses balls to rotate. They are often used in applications where precision and accuracy is important, such as in medical equipment or aerospace.
Some of the major companies in the spherical bearings market are The Timken Company, Aurora Bearing, FYH Bearing, AST Bearings LLC, RBC Bearings, Moline Bearing Company, Precision Bearings Pvt.Ltd, KML Motion Industries Co., NBC Bearings, New Hampshire Ball Bearings, The Timken Company, BMG, Baltic Bearing Company, SKF.
The spherical bearings 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 Spherical Bearings 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 Spherical Bearings Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Spherical Bearings 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 Spherical Bearings 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 Spherical Bearings Market Size & Forecast, 2018-2028
4.5.1 Spherical Bearings Market Size and Y-o-Y Growth
4.5.2 Spherical Bearings Market Absolute $ Opportunity
Chapter 5 Global Spherical Bearings 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 Spherical Bearings Market Size Forecast by Type
5.2.1 Spherical Ball Bearings
5.2.2 Spherical Roller Bearings
5.2.3 Spherical Plain Bearings
5.2.4 Spherical Rod End Bearings
5.2.5 Other
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Spherical Bearings 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 Spherical Bearings Market Size Forecast by Applications
6.2.1 Machinery Manufacturing
6.2.2 Automobile Industry
6.2.3 Printing Industry
6.2.4 Aviation
6.2.5 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Spherical Bearings 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 Spherical Bearings 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 Spherical Bearings Analysis and Forecast
9.1 Introduction
9.2 North America Spherical Bearings 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 Spherical Bearings Market Size Forecast by Type
9.6.1 Spherical Ball Bearings
9.6.2 Spherical Roller Bearings
9.6.3 Spherical Plain Bearings
9.6.4 Spherical Rod End Bearings
9.6.5 Other
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 Spherical Bearings Market Size Forecast by Applications
9.10.1 Machinery Manufacturing
9.10.2 Automobile Industry
9.10.3 Printing Industry
9.10.4 Aviation
9.10.5 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 Spherical Bearings Analysis and Forecast
10.1 Introduction
10.2 Europe Spherical Bearings 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 Spherical Bearings Market Size Forecast by Type
10.6.1 Spherical Ball Bearings
10.6.2 Spherical Roller Bearings
10.6.3 Spherical Plain Bearings
10.6.4 Spherical Rod End Bearings
10.6.5 Other
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 Spherical Bearings Market Size Forecast by Applications
10.10.1 Machinery Manufacturing
10.10.2 Automobile Industry
10.10.3 Printing Industry
10.10.4 Aviation
10.10.5 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 Spherical Bearings Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Spherical Bearings 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 Spherical Bearings Market Size Forecast by Type
11.6.1 Spherical Ball Bearings
11.6.2 Spherical Roller Bearings
11.6.3 Spherical Plain Bearings
11.6.4 Spherical Rod End Bearings
11.6.5 Other
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 Spherical Bearings Market Size Forecast by Applications
11.10.1 Machinery Manufacturing
11.10.2 Automobile Industry
11.10.3 Printing Industry
11.10.4 Aviation
11.10.5 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 Spherical Bearings Analysis and Forecast
12.1 Introduction
12.2 Latin America Spherical Bearings 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 Spherical Bearings Market Size Forecast by Type
12.6.1 Spherical Ball Bearings
12.6.2 Spherical Roller Bearings
12.6.3 Spherical Plain Bearings
12.6.4 Spherical Rod End Bearings
12.6.5 Other
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 Spherical Bearings Market Size Forecast by Applications
12.10.1 Machinery Manufacturing
12.10.2 Automobile Industry
12.10.3 Printing Industry
12.10.4 Aviation
12.10.5 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) Spherical Bearings Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Spherical Bearings 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) Spherical Bearings Market Size Forecast by Type
13.6.1 Spherical Ball Bearings
13.6.2 Spherical Roller Bearings
13.6.3 Spherical Plain Bearings
13.6.4 Spherical Rod End Bearings
13.6.5 Other
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) Spherical Bearings Market Size Forecast by Applications
13.10.1 Machinery Manufacturing
13.10.2 Automobile Industry
13.10.3 Printing Industry
13.10.4 Aviation
13.10.5 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 Spherical Bearings Market: Competitive Dashboard
14.2 Global Spherical Bearings Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 The Timken Company
14.3.2 Aurora Bearing
14.3.3 FYH Bearing
14.3.4 AST Bearings LLC
14.3.5 RBC Bearings
14.3.6 Moline Bearing Company
14.3.7 Precision Bearings Pvt.Ltd
14.3.8 KML Motion Industries Co.
14.3.9 NBC Bearings
14.3.10 New Hampshire Ball Bearings
14.3.11 The Timken Company
14.3.12 BMG
14.3.13 Baltic Bearing Company
14.3.14 SKF
