Market Overview:
The global yaw bearing 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 yaw bearings in onshore and offshore applications. Roller yaw bearings are expected to dominate the market during the forecast period, owing to their high efficiency and low maintenance requirements. Asia Pacific is expected to be the fastest-growing region during the forecast period, owing to the growing demand for yaw bearings in China and India.
Product Definition:
A yaw bearing is a type of rotational bearing that allows an object to rotate around a vertical axis. This type of bearing is often used in amusement park rides, such as Ferris wheels, that require the object to rotate while remaining stationary. Yaw bearings are also used in wind turbines and other machinery that require rotation around a vertical axis.
Roller Yaw Bearing:
Yaw bearings are used in rotating machinery to allow free rotation of the shaft. The yaw bearing is a rolling element that is mounted on the stationary part of a rotating machine and it allows free movement of the equipment. It can be considered as an anti-rotation device or as a rotational support for other parts of machinery.
Sliding Yaw Bearing:
Sliding yaw bearing is a type of rolling element bearings which are used in automobiles to provide smooth and stable support for the vehicle. The main objective of using sliding yaw bearing is to eliminate or reduce the effects of gyroscopic precession, thereby stabilizing the movement of any part or assembly within an automobile.
The gyroscopic effect occurs when a spinning object starts rotating due to its own momentum.
Application Insights:
Onshore application dominated the global yaw bearing market in 2017, accounting for over 60% of the overall revenue share. The segment is expected to maintain its dominance over the forecast period owing to increasing demand from onshore oil and gas projects. In addition, growing demand for onshore facilities due to an increase in shale gas production is also expected to drive growth.
The offshore application segment is projected register a CAGR of XX% from 2018 to 2030 owing to increased use of yaw bearings in deepwater exploration activities and high-specification deepwater drilling rigs & platforms equipped with these products globally. Furthermore, technological advancements such as improved design coupled with superior performance are likely fuel industry expansion over the coming years.
Regional Analysis:
Asia Pacific dominated the global market in terms of revenue with a share of over 40% in 2017. The region is expected to witness significant growth over the forecast period owing to increasing offshore projects and drilling activities across countries such as China, India, Vietnam, Philippines, Indonesia among others. Moreover, rising demand for wind energy across countries such as China and Japan is anticipated to propel industry expansion over the coming years.
North America accounted for a major share in terms of revenue owing to growing offshore drilling activities coupled with high replacement rates associated with roller yaw bearings. The U.S., being an oil & gas producing country holds a major share within North America region on account of increasing shale gas exploration which has led to increased use of yaw bearing systems onshore along with offshore platforms for enhanced performance and efficiency during dynamic load conditions associated flow rate changes through valves etc.).
Growth Factors:
- Increasing demand from the automotive industry
- Growing demand for electric vehicles
- Rising popularity of renewable energy sources
- Proliferation of smart technologies
- Growing trend of urbanization
Scope Of The Report
Report Attributes
Report Details
Report Title
Yaw Bearing Market Research Report
By Type
Roller Yaw Bearing, Sliding Yaw Bearing
By Application
Onshore, Offshore
By Companies
SKF, NSK, Timken, Schaeffler Group, ZWZ Bearing Group, Tianma Railway Bearing Co., Ltd., Dalian Unitedd Wind Power Generation Bearing, Baolu Heavy Industry, Luoyang Xinqianglian Slewing Bearing, Beijing Jingye Bearing Co Ltd, 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
193
Number of Tables & Figures
136
Customization Available
Yes, the report can be customized as per your need.
Global Yaw Bearing Market Report Segments:
The global Yaw Bearing market is segmented on the basis of:
Types
Roller Yaw Bearing, Sliding Yaw 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
Onshore, Offshore
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
- Timken
- Schaeffler Group
- ZWZ Bearing Group
- Tianma Railway Bearing Co., Ltd.
- Dalian Unitedd Wind Power Generation Bearing
- Baolu Heavy Industry
- Luoyang Xinqianglian Slewing Bearing
- Beijing Jingye Bearing Co Ltd
- SKF
Highlights of The Yaw 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:
- Roller Yaw Bearing
- Sliding Yaw Bearing
- By Application:
- Onshore
- Offshore
- 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 Yaw 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:
- 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?
Yaw bearing is a system that allows an aircraft to maintain directional control while turning. The yaw axis is the rotational axis of an aircraft that runs perpendicular to the flight path.
Some of the major players in the yaw bearing market are SKF, NSK, Timken, Schaeffler Group, ZWZ Bearing Group, Tianma Railway Bearing Co., Ltd., Dalian Unitedd Wind Power Generation Bearing, Baolu Heavy Industry, Luoyang Xinqianglian Slewing Bearing, Beijing Jingye Bearing Co Ltd, SKF.
The yaw 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 Yaw 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 Yaw Bearing Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Yaw 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 Yaw 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 Yaw Bearing Market Size & Forecast, 2018-2028
4.5.1 Yaw Bearing Market Size and Y-o-Y Growth
4.5.2 Yaw Bearing Market Absolute $ Opportunity
Chapter 5 Global Yaw 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 Yaw Bearing Market Size Forecast by Type
5.2.1 Roller Yaw Bearing
5.2.2 Sliding Yaw Bearing
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Yaw 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 Yaw Bearing Market Size Forecast by Applications
6.2.1 Onshore
6.2.2 Offshore
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Yaw 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 Yaw 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 Yaw Bearing Analysis and Forecast
9.1 Introduction
9.2 North America Yaw 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 Yaw Bearing Market Size Forecast by Type
9.6.1 Roller Yaw Bearing
9.6.2 Sliding Yaw 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 Yaw Bearing Market Size Forecast by Applications
9.10.1 Onshore
9.10.2 Offshore
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 Yaw Bearing Analysis and Forecast
10.1 Introduction
10.2 Europe Yaw 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 Yaw Bearing Market Size Forecast by Type
10.6.1 Roller Yaw Bearing
10.6.2 Sliding Yaw 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 Yaw Bearing Market Size Forecast by Applications
10.10.1 Onshore
10.10.2 Offshore
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 Yaw Bearing Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Yaw 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 Yaw Bearing Market Size Forecast by Type
11.6.1 Roller Yaw Bearing
11.6.2 Sliding Yaw 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 Yaw Bearing Market Size Forecast by Applications
11.10.1 Onshore
11.10.2 Offshore
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 Yaw Bearing Analysis and Forecast
12.1 Introduction
12.2 Latin America Yaw 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 Yaw Bearing Market Size Forecast by Type
12.6.1 Roller Yaw Bearing
12.6.2 Sliding Yaw 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 Yaw Bearing Market Size Forecast by Applications
12.10.1 Onshore
12.10.2 Offshore
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) Yaw Bearing Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Yaw 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) Yaw Bearing Market Size Forecast by Type
13.6.1 Roller Yaw Bearing
13.6.2 Sliding Yaw 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) Yaw Bearing Market Size Forecast by Applications
13.10.1 Onshore
13.10.2 Offshore
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 Yaw Bearing Market: Competitive Dashboard
14.2 Global Yaw Bearing 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 Timken
14.3.4 Schaeffler Group
14.3.5 ZWZ Bearing Group
14.3.6 Tianma Railway Bearing Co., Ltd.
14.3.7 Dalian Unitedd Wind Power Generation Bearing
14.3.8 Baolu Heavy Industry
14.3.9 Luoyang Xinqianglian Slewing Bearing
14.3.10 Beijing Jingye Bearing Co Ltd
14.3.11 SKF
