Market Overview:
The global thrust spherical roller bearing 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 thrust spherical roller bearings in various applications, such as crane hooks, oil drilling machine rings, rolling machine roll necks, and others. Additionally, the growing industrialization and urbanization in developing countries are also contributing to the growth of the global thrust spherical roller bearing market.
Product Definition:
Thrust spherical roller bearings are designed to carry high axial loads in one direction. The raceways are spherically shaped and the rollers have a cylindrical shape with a rounded end. This design permits the bearing to accommodate considerable misalignment of the shafts and still maintain reasonable contact between the rollers and raceways.
ID Below 200mm:
ID below 200mm is the portion of thrust bearing which has internal diameter less than or equal to 200mm. It is used in bearings with smaller dimensions such as electric motors, hydraulic motors, centrifugal pumps and other machinery equipment. ID below 200 mm are manufactured using different materials including steel, ceramic hybrid and polymers. The most commonly used material for manufacturing ID below200 mm is steel due to its low cost & high performance factor coupled with easy availability across various regions globally.
ID 200-500mm:
Thrust Spherical Roller Bearing - ID 200-500mm is a type of roller bearing with a thrust face. It has radial clearance and axial clearance between the races. The bearings are used in applications where high load carrying capacity is required on account of heavy loads imposed on the equipment or machinery, which include mining, construction equipment, material handling equipment among others.
Application Insights:
The crane hook application segment led the global market in 2017. This is attributed to the increasing demand for high-precision bearings from various industries, such as construction, marine and oil & gas. In addition, growing infrastructure activities across developed economies of North America and Europe are expected to augment product demand over the forecast period.
The others segment includes applications such as mining equipment and rolling machine roll neck. These products are used in heavy industrial machinery for long life and durability under extreme conditions without lubrication or maintenance for decades together with low noise level which makes them ideal candidates for use in mineral processing plants or steel mills where low operating sound levels are required due to regulatory pressure on environmental grounds coupled with high performance requirements that these products meet all these factors have contributed significantly towards their adoption across various industries worldwide thereby contributing significantly towards overall revenue generation globally over recent years.
Regional Analysis:
Asia Pacific dominated the global market in terms of revenue with a share of over 40.0% in 2017. The region is expected to witness significant growth over the forecast period owing to increasing demand from end-use industries, such as construction, mining and oil & gas.
The growing manufacturing sector and rapid urbanization are also anticipated to drive product demand across Asia Pacific during the forecast period. In addition, rising infrastructure activities are projected to further fuel regional growth during the same period. Increasing foreign investments coupled with favorable government policies aimed at promoting industrial development is likely to augment industry size in this region over the next eight years as well as major bearing manufacturers have established their production facilities here due to low labor cost compared with developed countries such as U.S., UK and Germany etc.).
Europe accounted for more than 20% share of global revenue in 2017 owing both volume (forged joint bearing) and revenue (shaft joint bearings).
Growth Factors:
- Increasing demand from the automotive industry
- Growing demand for electric vehicles
- Rising industrialization in developing countries
- Technological advancements in bearing manufacturing process
- Growing awareness about the benefits of using thrust spherical roller bearings
Scope Of The Report
Report Attributes
Report Details
Report Title
Thrust Spherical Roller Bearing Market Research Report
By Type
ID Below 200mm, ID 200-500mm, ID Above 500mm
By Application
Crane Hook, Oil Drilling Machine Ring, Rolling Machine Roll Neck, Others
By Companies
RBC Bearings, National Precision Bearing, Aurora Bearing, SKF, Timken, NSK, NTN, Schaeffler Group, New Hampshire Ball Bearings, FK Bearing Group, CCTY Bearing, Emerson Bearing, LYC Bearing, JTEKT, Nachi-Fujikoshi
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
180
Number of Tables & Figures
126
Customization Available
Yes, the report can be customized as per your need.
Global Thrust Spherical Roller Bearing Market Report Segments:
The global Thrust Spherical Roller Bearing market is segmented on the basis of:
Types
ID Below 200mm, ID 200-500mm, ID Above 500mm
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
Crane Hook, Oil Drilling Machine Ring, Rolling Machine Roll Neck, 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:
- RBC Bearings
- National Precision Bearing
- Aurora Bearing
- SKF
- Timken
- NSK
- NTN
- Schaeffler Group
- New Hampshire Ball Bearings
- FK Bearing Group
- CCTY Bearing
- Emerson Bearing
- LYC Bearing
- JTEKT
- Nachi-Fujikoshi
Highlights of The Thrust Spherical Roller 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:
- ID Below 200mm
- ID 200-500mm
- ID Above 500mm
- By Application:
- Crane Hook
- Oil Drilling Machine Ring
- Rolling Machine Roll Neck
- 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 Thrust Spherical Roller 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:
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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?
Thrust spherical roller bearings are a type of bearing that uses a spherical ball to provide smooth, silent operation. These bearings are often used in applications where high levels of accuracy and reliability are required, such as in aerospace and automotive manufacturing.
Some of the key players operating in the thrust spherical roller bearing market are RBC Bearings, National Precision Bearing, Aurora Bearing, SKF, Timken, NSK, NTN, Schaeffler Group, New Hampshire Ball Bearings, FK Bearing Group, CCTY Bearing, Emerson Bearing, LYC Bearing, JTEKT, Nachi-Fujikoshi.
The thrust spherical roller 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 Thrust Spherical Roller 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 Thrust Spherical Roller Bearing Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Thrust Spherical Roller 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 Thrust Spherical Roller 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 Thrust Spherical Roller Bearing Market Size & Forecast, 2018-2028 4.5.1 Thrust Spherical Roller Bearing Market Size and Y-o-Y Growth 4.5.2 Thrust Spherical Roller Bearing Market Absolute $ Opportunity
Chapter 5 Global Thrust Spherical Roller 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 Thrust Spherical Roller Bearing Market Size Forecast by Type
5.2.1 ID Below 200mm
5.2.2 ID 200-500mm
5.2.3 ID Above 500mm
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Thrust Spherical Roller 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 Thrust Spherical Roller Bearing Market Size Forecast by Applications
6.2.1 Crane Hook
6.2.2 Oil Drilling Machine Ring
6.2.3 Rolling Machine Roll Neck
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Thrust Spherical Roller 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 Thrust Spherical Roller 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 Thrust Spherical Roller Bearing Analysis and Forecast
9.1 Introduction
9.2 North America Thrust Spherical Roller 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 Thrust Spherical Roller Bearing Market Size Forecast by Type
9.6.1 ID Below 200mm
9.6.2 ID 200-500mm
9.6.3 ID Above 500mm
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 Thrust Spherical Roller Bearing Market Size Forecast by Applications
9.10.1 Crane Hook
9.10.2 Oil Drilling Machine Ring
9.10.3 Rolling Machine Roll Neck
9.10.4 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 Thrust Spherical Roller Bearing Analysis and Forecast
10.1 Introduction
10.2 Europe Thrust Spherical Roller 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 Thrust Spherical Roller Bearing Market Size Forecast by Type
10.6.1 ID Below 200mm
10.6.2 ID 200-500mm
10.6.3 ID Above 500mm
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 Thrust Spherical Roller Bearing Market Size Forecast by Applications
10.10.1 Crane Hook
10.10.2 Oil Drilling Machine Ring
10.10.3 Rolling Machine Roll Neck
10.10.4 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 Thrust Spherical Roller Bearing Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Thrust Spherical Roller 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 Thrust Spherical Roller Bearing Market Size Forecast by Type
11.6.1 ID Below 200mm
11.6.2 ID 200-500mm
11.6.3 ID Above 500mm
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 Thrust Spherical Roller Bearing Market Size Forecast by Applications
11.10.1 Crane Hook
11.10.2 Oil Drilling Machine Ring
11.10.3 Rolling Machine Roll Neck
11.10.4 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 Thrust Spherical Roller Bearing Analysis and Forecast
12.1 Introduction
12.2 Latin America Thrust Spherical Roller 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 Thrust Spherical Roller Bearing Market Size Forecast by Type
12.6.1 ID Below 200mm
12.6.2 ID 200-500mm
12.6.3 ID Above 500mm
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 Thrust Spherical Roller Bearing Market Size Forecast by Applications
12.10.1 Crane Hook
12.10.2 Oil Drilling Machine Ring
12.10.3 Rolling Machine Roll Neck
12.10.4 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) Thrust Spherical Roller Bearing Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Thrust Spherical Roller 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) Thrust Spherical Roller Bearing Market Size Forecast by Type
13.6.1 ID Below 200mm
13.6.2 ID 200-500mm
13.6.3 ID Above 500mm
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) Thrust Spherical Roller Bearing Market Size Forecast by Applications
13.10.1 Crane Hook
13.10.2 Oil Drilling Machine Ring
13.10.3 Rolling Machine Roll Neck
13.10.4 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 Thrust Spherical Roller Bearing Market: Competitive Dashboard
14.2 Global Thrust Spherical Roller Bearing Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 RBC Bearings
14.3.2 National Precision Bearing
14.3.3 Aurora Bearing
14.3.4 SKF
14.3.5 Timken
14.3.6 NSK
14.3.7 NTN
14.3.8 Schaeffler Group
14.3.9 New Hampshire Ball Bearings
14.3.10 FK Bearing Group
14.3.11 CCTY Bearing
14.3.12 Emerson Bearing
14.3.13 LYC Bearing
14.3.14 JTEKT
14.3.15 Nachi-Fujikoshi