Market Overview:
The global water pump bearings 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 automobiles and rising awareness about energy-efficient pumps across the globe. In terms of type, chromium steel bearing is expected to hold a major share in the global water pump bearings market during the forecast period. Chromium steel bearing offers good wear resistance and corrosion resistance properties, which makes it suitable for use in automotive applications. By application, automobile industry is expected to hold a major share in the global water pump bearings market during the forecast period. Rising demand for passenger cars and commercial vehicles across regions is fueling growth of this segment.
Product Definition:
Water pump bearings are a type of ball bearing that is used in water pumps. They are important because they help to keep the water pump running smoothly and efficiently.
Chromium Steel Bearing:
Chromium steel bearing is a special type of stainless steel that has been alloyed with chromium. The product was developed by DuPont to be used in the manufacturing of water pump bearings. It possesses properties such as high corrosion resistance, low friction, and good load carrying capacity which makes it suitable for use in water pump bearings.
Chromium steel bearing is a special type of stainless steel that has been alloyed with chromium.
Chromium Molybdenum Steel Bearing:
Chromium molybdenum steel bearing is a special type of metal-to-metal seal which contains chromium and molybdenum. It has superior properties such as low friction, high temperature stability, and long life span than the conventional one. The material is corrosion resistant due to the presence of chromium in it's formulation.
Application Insights:
The automobile industry was the largest application segment in the global water pump bearings market, accounting for a share of over 40.0% in 2017. The growth can be attributed to increasing production of automobiles, especially in China and India, as well as an increase in demand for diesel and gasoline engines across the globe. In addition, stringent regulations regarding reduction of vehicular emissions are expected to drive product demand from 2018 to 2030.
In terms of revenue, chemical industry was one of the fastest-growing applications with a CAGR exceeding 8% from 2018 to 2030 owing to high product utilization within petrochemical plants along with other industrial facilities such as power generation and oil & gas refineries among others. In addition, rapid urbanization coupled with technological advancements is anticipated fuel demand for fresh and saltwater cooling water pumps at chemical processing plants globally over the forecast period which will further boost industry growth during this period.
Regional Analysis:
Asia Pacific dominated the global market in 2017. The region is expected to witness significant growth over the forecast period owing to rapid industrialization and increasing demand from end-use industries, such as chemical, oil & gas, power generation, and others. China is one of the largest consumers of these products due to its extensive water management system in urban areas coupled with a large population base.
The Middle East & Africa region is anticipated to grow at a lucrative rate over the forecast period owing to rising investments from foreign players for hydrocarbon exploration activities coupled with government support for infrastructure development projects across several countries including Saudi Arabia and UAE. These factors are anticipated contribute toward regional growth during the forecast period.
North America was valued at USD X billion in 2017.
Growth Factors:
- Increasing demand from the automotive and industrial sectors
- Growing awareness about the benefits of using water pump bearings
- Rising investments in research and development activities by leading players to develop new products
- Proliferation of online retail platforms that offer a wide range of water pump bearings at competitive prices
- Growing number of replacement applications
Scope Of The Report
Report Attributes
Report Details
Report Title
Water Pump Bearings Market Research Report
By Type
Chromium Steel Bearing, Chromium Molybdenum Steel Bearing, Nickel Chromium Molybdenum Steel Bearing
By Application
Automobile Industry, Marine Industry, Chemical Industry, Heating, Other
By Companies
SKF, KG International, NSK, ASE INDUSTRIES, Universal Bearing Company, WD Bearing Group, ISB INDUSTRIES, Schaeffler, C&U Americas, Duramax Marine, O & G Water Pump Company, Hydro-Watt, GMB
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
160
Number of Tables & Figures
112
Customization Available
Yes, the report can be customized as per your need.
Global Water Pump Bearings Market Report Segments:
The global Water Pump Bearings market is segmented on the basis of:
Types
Chromium Steel Bearing, Chromium Molybdenum Steel Bearing, Nickel Chromium Molybdenum Steel Bearing
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
Automobile Industry, Marine Industry, Chemical Industry, Heating, 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:
- SKF
- KG International
- NSK
- ASE INDUSTRIES
- Universal Bearing Company
- WD Bearing Group
- ISB INDUSTRIES
- Schaeffler
- C&U Americas
- Duramax Marine
- O & G Water Pump Company
- Hydro-Watt
- GMB
Highlights of The Water Pump 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:
- Chromium Steel Bearing
- Chromium Molybdenum Steel Bearing
- Nickel Chromium Molybdenum Steel Bearing
- By Application:
- Automobile Industry
- Marine Industry
- Chemical Industry
- Heating
- 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 Water Pump 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?
Water pump bearings are the bearings that support the water pump in a engine. They help to keep the pump moving and rotating smoothly.
Some of the key players operating in the water pump bearings market are SKF, KG International, NSK, ASE INDUSTRIES, Universal Bearing Company, WD Bearing Group, ISB INDUSTRIES, Schaeffler, C&U Americas, Duramax Marine, O & G Water Pump Company, Hydro-Watt, GMB.
The water pump 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 Water Pump 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 Water Pump Bearings Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Water Pump 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 Water Pump 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 Water Pump Bearings Market Size & Forecast, 2020-2028 4.5.1 Water Pump Bearings Market Size and Y-o-Y Growth 4.5.2 Water Pump 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 Chromium Steel Bearing
5.2.2 Chromium Molybdenum Steel Bearing
5.2.3 Nickel Chromium Molybdenum Steel Bearing
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 Automobile Industry
6.2.2 Marine Industry
6.2.3 Chemical Industry
6.2.4 Heating
6.2.5 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Water Pump 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 Water Pump 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 Chromium Steel Bearing
9.6.2 Chromium Molybdenum Steel Bearing
9.6.3 Nickel Chromium Molybdenum Steel Bearing
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 Automobile Industry
9.10.2 Marine Industry
9.10.3 Chemical Industry
9.10.4 Heating
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 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 Chromium Steel Bearing
10.6.2 Chromium Molybdenum Steel Bearing
10.6.3 Nickel Chromium Molybdenum Steel Bearing
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 Automobile Industry
10.10.2 Marine Industry
10.10.3 Chemical Industry
10.10.4 Heating
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 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 Chromium Steel Bearing
11.6.2 Chromium Molybdenum Steel Bearing
11.6.3 Nickel Chromium Molybdenum Steel Bearing
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 Automobile Industry
11.10.2 Marine Industry
11.10.3 Chemical Industry
11.10.4 Heating
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 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 Chromium Steel Bearing
12.6.2 Chromium Molybdenum Steel Bearing
12.6.3 Nickel Chromium Molybdenum Steel Bearing
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 Automobile Industry
12.10.2 Marine Industry
12.10.3 Chemical Industry
12.10.4 Heating
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) 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 Chromium Steel Bearing
13.6.2 Chromium Molybdenum Steel Bearing
13.6.3 Nickel Chromium Molybdenum Steel Bearing
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 Automobile Industry
13.10.2 Marine Industry
13.10.3 Chemical Industry
13.10.4 Heating
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 Water Pump Bearings Market: Competitive Dashboard
14.2 Global Water Pump Bearings Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 SKF
14.3.2 KG International
14.3.3 NSK
14.3.4 ASE INDUSTRIES
14.3.5 Universal Bearing Company
14.3.6 WD Bearing Group
14.3.7 ISB INDUSTRIES
14.3.8 Schaeffler
14.3.9 C&U Americas
14.3.10 Duramax Marine
14.3.11 O & G Water Pump Company
14.3.12 Hydro-Watt
14.3.13 GMB