Market Overview:
The global transmission 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 passenger cars and commercial vehicles across the globe. Additionally, factors such as rising disposable income, technological advancements, and growing urbanization are also contributing to the growth of this market. The global transmission bearings market is segmented on the basis of type, application, and region. On the basis of type, it is divided into deep groove ball bearing, cylinder roller bearing, tapered roller bearing needle bearing,, and others). By application,, it is classified into passenger cars,, commercial vehicles), industrial machinery), agricultural equipment), and others). Region-wise,. it covers North America,, Latin America Europe Asia Pacific ,and Middle East & Africa ).
Product Definition:
Transmission bearings are a type of bearing that is used to support a rotating shaft. They are typically found in transmissions, gearboxes, and other applications where power needs to be transferred from one shaft to another. Transmission bearings are important because they help reduce wear on the gears and other components in the transmission, which can lead to longer life and less downtime.
Deep Groove Ball Bearing:
Deep Groove Ball bearings are used in applications where high load carrying capacity is required. The design of these bearings allows for a closer fit between the races, which results in less space occupancy and better performance. These products are primarily used in heavy-duty equipment such as mining equipment, material handling machinery, and construction equipment among others owing to their high operating temperature range (up to 350°C), extended service life and low maintenance properties among other advantages.
Cylinder Roller Bearing:
Cylinder roller bearings are used in the transmission of power from engine to drive shaft. Cylinders are rolling elements that can be filled with different types of materials such as metal, rubber, and fluid. The most common type of cylinder used in automotive applications is a radial type that is found in transmissions and crankshafts.
Application Insights:
The global automotive industry is witnessing a paradigm shift as consumers prefer vehicles with features such as connected cars, autonomous cars and smart roads. As a result, the demand for GTBs in passenger cars has increased significantly. The application segment includes passenger car and light commercial vehicle (LCV).
Passenger car applications accounted for more than 60% of the total market revenue in 2017 owing to increasing production of affordable vehicles across emerging economies including China, India and Brazil. In addition, stringent government regulations regarding road safety coupled with rising consumer preference for automobiles over other modes of transport are expected to drive the demand further over the forecast period.
Commercial vehicle applications are projected witness significant growth on account of increasing utilization of trucks/lorries that require heavy-duty GTBs to improve stability/performance at high speeds or load capacity etc.
Regional Analysis:
Asia Pacific accounted for the largest market share in 2017 and is expected to witness significant growth over the forecast period. The presence of key automotive manufacturers such as Toyota, Honda, Nissan, Suzuki and Mazda in Asia Pacific has resulted in high demand for various transmission bearings. In addition, rising industrialization along with increasing infrastructure spending is likely to drive product demand over the coming years.
The growing manufacturing sector supported by government initiatives aimed at boosting domestic production capacity will also contribute toward regional growth. For instance; China’s 13th Five-Year Plan (2016 - 2020) includes developing new energy vehicles with an investment of USD X billion which would create opportunities for industry participants over the next six years.
Europe was valued at USD X billion in 2017.
Growth Factors:
- Increasing demand from the automotive industry: The global transmission bearings market is expected to grow at a CAGR of 5.5% during the forecast period, owing to the increasing demand from the automotive industry. Transmission bearings are used in various types of vehicles such as passenger cars, commercial vehicles, and two-wheelers. They play an important role in transmitting power from one component to another and help improve fuel efficiency and performance of a vehicle.
- Growing popularity of electric vehicles: The global transmission bearings market is also witnessing growth due to the increasing popularity of electric vehicles (EVs). Electric motors do not require gears or transmissions like gasoline or diesel engines do; hence, they use smaller and lighter transmission bearings that can handle higher speeds and torques without failure. This is expected to boost the demand for transmission bearings in the coming years.
- Rising disposable income levels: Another key factor driving growth in this market is rising disposable income levels across emerging economies such as China, India, Brazil, Mexico etc., which has led to an increase in consumer spending on automobiles including luxury cars with better features & performance requirements that need high-quality transmission bearings for smooth operations..
Scope Of The Report
Report Attributes
Report Details
Report Title
Transmission Bearings Market Research Report
By Type
Deep Groove Ball Bearing, Cylinder Roller Bearing, Tapered Roller Bearing, Needle Bearing, Others
By Application
Passenger Cars, Commercial Vehicles
By Companies
NSK, NTN Bearing, Schaeffler, BorgWarner, Honeywell, JTEKT, SKF, Timken, ZOLLERN, NSK
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
209
Number of Tables & Figures
147
Customization Available
Yes, the report can be customized as per your need.
Global Transmission Bearings Market Report Segments:
The global Transmission Bearings market is segmented on the basis of:
Types
Deep Groove Ball Bearing, Cylinder Roller Bearing, Tapered Roller Bearing, Needle Bearing, 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
Passenger Cars, Commercial Vehicles
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:
- NSK
- NTN Bearing
- Schaeffler
- BorgWarner
- Honeywell
- JTEKT
- SKF
- Timken
- ZOLLERN
- NSK
Highlights of The Transmission 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:
- Deep Groove Ball Bearing
- Cylinder Roller Bearing
- Tapered Roller Bearing
- Needle Bearing
- Others
- By Application:
- Passenger Cars
- Commercial Vehicles
- 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 Transmission 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
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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?
Transmission bearings are used in transmissions to allow the gears to rotate freely.
Some of the major companies in the transmission bearings market are NSK, NTN Bearing, Schaeffler, BorgWarner, Honeywell, JTEKT, SKF, Timken, ZOLLERN, NSK.
The transmission 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 Transmission 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 Transmission Bearings Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Transmission 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 Transmission 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 Transmission Bearings Market Size & Forecast, 2020-2028
4.5.1 Transmission Bearings Market Size and Y-o-Y Growth
4.5.2 Transmission Bearings Market Absolute $ Opportunity
Chapter 5 Global 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 Market Size Forecast by Type
5.2.1 Deep Groove Ball Bearing
5.2.2 Cylinder Roller Bearing
5.2.3 Tapered Roller Bearing
5.2.4 Needle Bearing
5.2.5 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global 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 Market Size Forecast by Applications
6.2.1 Passenger Cars
6.2.2 Commercial Vehicles
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Transmission 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 Transmission 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 Analysis and Forecast
9.1 Introduction
9.2 North America 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 Market Size Forecast by Type
9.6.1 Deep Groove Ball Bearing
9.6.2 Cylinder Roller Bearing
9.6.3 Tapered Roller Bearing
9.6.4 Needle Bearing
9.6.5 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 Market Size Forecast by Applications
9.10.1 Passenger Cars
9.10.2 Commercial Vehicles
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 Analysis and Forecast
10.1 Introduction
10.2 Europe 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 Market Size Forecast by Type
10.6.1 Deep Groove Ball Bearing
10.6.2 Cylinder Roller Bearing
10.6.3 Tapered Roller Bearing
10.6.4 Needle Bearing
10.6.5 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 Market Size Forecast by Applications
10.10.1 Passenger Cars
10.10.2 Commercial Vehicles
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 Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific 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 Market Size Forecast by Type
11.6.1 Deep Groove Ball Bearing
11.6.2 Cylinder Roller Bearing
11.6.3 Tapered Roller Bearing
11.6.4 Needle Bearing
11.6.5 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 Market Size Forecast by Applications
11.10.1 Passenger Cars
11.10.2 Commercial Vehicles
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 Analysis and Forecast
12.1 Introduction
12.2 Latin America 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 Market Size Forecast by Type
12.6.1 Deep Groove Ball Bearing
12.6.2 Cylinder Roller Bearing
12.6.3 Tapered Roller Bearing
12.6.4 Needle Bearing
12.6.5 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 Market Size Forecast by Applications
12.10.1 Passenger Cars
12.10.2 Commercial Vehicles
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) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) 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) Market Size Forecast by Type
13.6.1 Deep Groove Ball Bearing
13.6.2 Cylinder Roller Bearing
13.6.3 Tapered Roller Bearing
13.6.4 Needle Bearing
13.6.5 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) Market Size Forecast by Applications
13.10.1 Passenger Cars
13.10.2 Commercial Vehicles
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 Transmission Bearings Market: Competitive Dashboard
14.2 Global Transmission Bearings Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 NSK
14.3.2 NTN Bearing
14.3.3 Schaeffler
14.3.4 BorgWarner
14.3.5 Honeywell
14.3.6 JTEKT
14.3.7 SKF
14.3.8 Timken
14.3.9 ZOLLERN
14.3.10 NSK
