Market Overview:
The global spherical roller bearings market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for spherical roller bearings in automotive, wind turbines, material handling equipment, mechanical fans and blowers, mining and construction equipment, pulp and paper processing equipment, marine propulsion and offshore drilling applications. Additionally, the growing industrialization in emerging economies is also contributing to the growth of the global spherical roller bearings market.
Product Definition:
A spherical roller bearing is a rolling-element bearing that uses balls to maintain the separation between the races. However, in contrast to ball bearings, the balls are not confined to a single plane. This gives them an advantage over other types of bearings in certain applications. Spherical roller bearings can support high radial loads and moderate thrust loads in both directions simultaneously.
Sheet Steel (Stamped or Laser-Cut):
Sheet steel is a type of metal that has been processed into thin, flat pieces. It is most commonly used in the form of coils for the production of ball bearings. The material can be stamped or cut using a variety of techniques to produce different shapes and sizes which are then sold to various end-use industries including automotive, construction machinery and electronics among others.
The global sheet steel market size was valued at USD 687 million in 2016.
Polyamide (Injection Molded):
Polyamide (PA) is a synthetic, thermoplastic elastomer. It can be injection molded into various shapes and sizes. PA has good chemical resistance, low friction properties and is resistant to temperature changes.
Application Insights:
The mechanical fans and blowers segment accounted for the largest revenue share in 2017. The product is widely used in industrial air circulators, exhaust systems, ventilation equipment, and other applications where high performance at a low cost is required. In addition to being one of the most energy-efficient products available on the market today, these bearings also offer higher reliability due to their ability to operate at lower speeds and under heavy loads.
The automotive application segment is projected to witness significant growth over the forecast period owing to increasing demand for electric vehicles with improved environmental conditions such as reduced carbon emissions and noise pollution levels coupled with increased efficiency levels are expected drive product demand further over the coming years.
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 rising product demand from countries such as China, India, Japan, and South Korea. In addition, increasing foreign investments coupled with favorable government policies are anticipated to fuel regional product demand in the forthcoming years.
The Asia Pacific region accounted for a share of more than 30% of total revenue in 2017 owing to high domestic consumption coupled with rapid industrialization and urbanization across emerging economies including China and India. Moreover, growing infrastructure activities due to increased foreign direct investments are projected favorably impact industry growth over the coming years.
Europe accounted for a significant share of global market revenue owing to growing automotive production along with surging construction activities on account of various infrastructural projects initiated by EU member states governments such as “Brexit†referendum held in U.K.
Growth Factors:
- Increasing demand from the automotive and industrial sectors
- Growing urbanization and industrialization in developing countries
- Rising disposable income of consumers in developing countries
- Technological advancements in bearing manufacturing processes
- Expansion of global trade
Scope Of The Report
Report Attributes
Report Details
Report Title
Spherical Roller Bearings Market Research Report
By Type
Sheet Steel (Stamped or Laser-Cut), Polyamide (Injection Molded), Brass (Stamped or Machined), Steel (Machined)
By Application
Automotive, Wind Turbines, Material Handling Equipment, Mechanical Fans and Blowers, Mining and Construction Equipment, Pulp And Paper Processing Equipment, Marine Propulsion and Offshore Drilling
By Companies
SKF, NSK, AST Bearings, JTEKT, Schaeffle, ZKL, Koyo, NACHI, NTN, TIMKEN, SKF, INA, MCB, HRB
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
169
Number of Tables & Figures
119
Customization Available
Yes, the report can be customized as per your need.
Global Spherical Roller Bearings Market Report Segments:
The global Spherical Roller Bearings market is segmented on the basis of:
Types
Sheet Steel (Stamped or Laser-Cut), Polyamide (Injection Molded), Brass (Stamped or Machined), Steel (Machined)
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, Wind Turbines, Material Handling Equipment, Mechanical Fans and Blowers, Mining and Construction Equipment, Pulp And Paper Processing Equipment, Marine Propulsion and Offshore Drilling
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:
- SKF
- NSK
- AST Bearings
- JTEKT
- Schaeffle
- ZKL
- Koyo
- NACHI
- NTN
- TIMKEN
- SKF
- INA
- MCB
- HRB
Highlights of The Spherical Roller 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:
- Sheet Steel (Stamped or Laser-Cut)
- Polyamide (Injection Molded)
- Brass (Stamped or Machined)
- Steel (Machined)
- By Application:
- Automotive
- Wind Turbines
- Material Handling Equipment
- Mechanical Fans and Blowers
- Mining and Construction Equipment
- Pulp And Paper Processing Equipment
- Marine Propulsion and Offshore Drilling
- 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 Roller 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 roller bearings are a type of rolling bearing that uses spherical balls to provide smooth, quiet operation. These bearings can be found in applications where high speed and low noise are important, such as in industrial machinery and vehicles.
Some of the major companies in the spherical roller bearings market are SKF, NSK, AST Bearings, JTEKT, Schaeffle, ZKL, Koyo, NACHI, NTN, TIMKEN, SKF, INA, MCB, HRB.
The spherical roller bearings 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 Spherical Roller 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 Roller Bearings Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Spherical Roller 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 Roller 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 Roller Bearings Market Size & Forecast, 2018-2028
4.5.1 Spherical Roller Bearings Market Size and Y-o-Y Growth
4.5.2 Spherical Roller Bearings Market Absolute $ Opportunity
Chapter 5 Global Spherical Roller 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 Roller Bearings Market Size Forecast by Type
5.2.1 Sheet Steel (Stamped or Laser-Cut)
5.2.2 Polyamide (Injection Molded)
5.2.3 Brass (Stamped or Machined)
5.2.4 Steel (Machined)
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Spherical Roller 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 Roller Bearings Market Size Forecast by Applications
6.2.1 Automotive
6.2.2 Wind Turbines
6.2.3 Material Handling Equipment
6.2.4 Mechanical Fans and Blowers
6.2.5 Mining and Construction Equipment
6.2.6 Pulp And Paper Processing Equipment
6.2.7 Marine Propulsion and Offshore Drilling
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Spherical Roller 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 Roller 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 Roller Bearings Analysis and Forecast
9.1 Introduction
9.2 North America Spherical Roller 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 Roller Bearings Market Size Forecast by Type
9.6.1 Sheet Steel (Stamped or Laser-Cut)
9.6.2 Polyamide (Injection Molded)
9.6.3 Brass (Stamped or Machined)
9.6.4 Steel (Machined)
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 Roller Bearings Market Size Forecast by Applications
9.10.1 Automotive
9.10.2 Wind Turbines
9.10.3 Material Handling Equipment
9.10.4 Mechanical Fans and Blowers
9.10.5 Mining and Construction Equipment
9.10.6 Pulp And Paper Processing Equipment
9.10.7 Marine Propulsion and Offshore Drilling
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 Roller Bearings Analysis and Forecast
10.1 Introduction
10.2 Europe Spherical Roller 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 Roller Bearings Market Size Forecast by Type
10.6.1 Sheet Steel (Stamped or Laser-Cut)
10.6.2 Polyamide (Injection Molded)
10.6.3 Brass (Stamped or Machined)
10.6.4 Steel (Machined)
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 Roller Bearings Market Size Forecast by Applications
10.10.1 Automotive
10.10.2 Wind Turbines
10.10.3 Material Handling Equipment
10.10.4 Mechanical Fans and Blowers
10.10.5 Mining and Construction Equipment
10.10.6 Pulp And Paper Processing Equipment
10.10.7 Marine Propulsion and Offshore Drilling
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 Roller Bearings Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Spherical Roller 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 Roller Bearings Market Size Forecast by Type
11.6.1 Sheet Steel (Stamped or Laser-Cut)
11.6.2 Polyamide (Injection Molded)
11.6.3 Brass (Stamped or Machined)
11.6.4 Steel (Machined)
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 Roller Bearings Market Size Forecast by Applications
11.10.1 Automotive
11.10.2 Wind Turbines
11.10.3 Material Handling Equipment
11.10.4 Mechanical Fans and Blowers
11.10.5 Mining and Construction Equipment
11.10.6 Pulp And Paper Processing Equipment
11.10.7 Marine Propulsion and Offshore Drilling
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 Roller Bearings Analysis and Forecast
12.1 Introduction
12.2 Latin America Spherical Roller 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 Roller Bearings Market Size Forecast by Type
12.6.1 Sheet Steel (Stamped or Laser-Cut)
12.6.2 Polyamide (Injection Molded)
12.6.3 Brass (Stamped or Machined)
12.6.4 Steel (Machined)
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 Roller Bearings Market Size Forecast by Applications
12.10.1 Automotive
12.10.2 Wind Turbines
12.10.3 Material Handling Equipment
12.10.4 Mechanical Fans and Blowers
12.10.5 Mining and Construction Equipment
12.10.6 Pulp And Paper Processing Equipment
12.10.7 Marine Propulsion and Offshore Drilling
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 Roller Bearings Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Spherical Roller 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 Roller Bearings Market Size Forecast by Type
13.6.1 Sheet Steel (Stamped or Laser-Cut)
13.6.2 Polyamide (Injection Molded)
13.6.3 Brass (Stamped or Machined)
13.6.4 Steel (Machined)
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 Roller Bearings Market Size Forecast by Applications
13.10.1 Automotive
13.10.2 Wind Turbines
13.10.3 Material Handling Equipment
13.10.4 Mechanical Fans and Blowers
13.10.5 Mining and Construction Equipment
13.10.6 Pulp And Paper Processing Equipment
13.10.7 Marine Propulsion and Offshore Drilling
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 Roller Bearings Market: Competitive Dashboard
14.2 Global Spherical Roller Bearings Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 SKF
14.3.2 NSK
14.3.3 AST Bearings
14.3.4 JTEKT
14.3.5 Schaeffle
14.3.6 ZKL
14.3.7 Koyo
14.3.8 NACHI
14.3.9 NTN
14.3.10 TIMKEN
14.3.11 SKF
14.3.12 INA
14.3.13 MCB
14.3.14 HRB
