Market Overview:
The global high carbon bearing steel 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 high carbon bearing steel in the bearing industry and other applications. In terms of type, bars are expected to dominate the global high carbon bearing steel market during the forecast period, followed by tubes. Asia Pacific is expected to be the fastest growing region in terms of revenue during the forecast period, followed by Europe and North America.
Product Definition:
High carbon bearing steel is a type of steel that is used in bearings. Its high carbon content makes it tough and resistant to wear. This type of steel is important because it helps bearings last longer and function more efficiently.
Bars:
Bars are structural components made from steel. They can be classified as hot rolled, cold rolled or semi-coldrolled. Bars can also be further classified based on their applications such as transportation, construction equipment and machinery, automotive and others.
Bars have a wide range of applications in the automobile industry ranging from chassis to body structure to suspension members and frame rails among many others.
Tubes:
Tubes are cylindrical steel sections that are used in bearings to reduce the rolling resistance. The basic types of tubes used in high carbon bearing steel market include round, square, and hexagonal. The shapes of these products can be changed according to the requirements by using different profiles such as angles, channels, flats among others.
Application Insights:
The bearing industry segment accounted for a revenue share of more than 50% in 2017. The growth can be attributed to the increasing demand from industrial applications, such as aerospace and automotive. In addition, favorable government regulations regarding energy conservation are expected to drive the demand further.
In recent years, there has been an increase in consumer preference for green products that are manufactured using recycled materials and low-alloyed steel. This is expected to positively influence product consumption in end-use industries over the forecast period owing to its eco-friendly properties and characteristics such as ductility & brittleness that make it suitable for bearings only when quenched from room temperature with formation of a martensite layer on its surface (a process known as cold forming). These factors are anticipated to augment market growth over the coming years.
Regional Analysis:
Asia Pacific was the largest market in 2017 and accounted for a share of over 45%. The region is expected to continue its dominance over the forecast period. This can be attributed to increasing industrialization, rising per capita income, expanding middle-class population base along with rapid urbanization and growing infrastructure development activities.
The growth of industries including aerospace & defense, automotive & transportation, machinery has resulted in increased demand for high carbon bearing steel products across Asia Pacific. In addition, favorable government policies such as Make in India initiative by the Indian government are likely to boost automobile production which will further drive product demand across this region during the forecast period.
North America is projected to expand at a CAGR of XX% from 2018 to 2030 owing to increasing use of these products in bearing applications due their excellent performance characteristics coupled with lightweight design resulting into improved efficiency enhancing product appeal over other metals used traditionally for same purpose.
Growth Factors:
- Increasing demand from the automotive and aerospace industries
- Growing popularity of high carbon bearing steel in China and other developing countries
- Rising investments in research and development by leading players to develop new products
- Emergence of nanotechnology-based high carbon bearing steels that offer superior performance characteristics
- Proliferation of online sales channels that provide a convenient platform for buyers to compare prices and specifications
Scope Of The Report
Report Attributes
Report Details
Report Title
High Carbon Bearing Steel Market Research Report
By Type
Bars, Tubes
By Application
Bearing industry, Other
By Companies
OVAKO, Sanyo Special Steel, CITIC Special Steel Group, DongbeiSpecialSteel, Juneng, Nanjing Iron&Steel United Co.,Ltd., JIYUAN Iron&Steel, ...
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
231
Number of Tables & Figures
162
Customization Available
Yes, the report can be customized as per your need.
Global High Carbon Bearing Steel Market Report Segments:
The global High Carbon Bearing Steel market is segmented on the basis of:
Types
Bars, Tubes
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
Bearing industry, 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:
- OVAKO
- Sanyo Special Steel
- CITIC Special Steel Group
- DongbeiSpecialSteel
- Juneng
- Nanjing Iron&Steel United Co.,Ltd.
- JIYUAN Iron&Steel
- ...
Highlights of The High Carbon Bearing Steel 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:
- Bars
- Tubes
- By Application:
- Bearing industry
- 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 High Carbon Bearing Steel 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?
High carbon bearing steel is a type of steel that has a higher carbon content than other types of steel. This makes it stronger and more durable, which is why it's often used in bearings and other components that require high levels of durability.
Some of the major companies in the high carbon bearing steel market are OVAKO, Sanyo Special Steel, CITIC Special Steel Group, DongbeiSpecialSteel, Juneng, Nanjing Iron&Steel United Co.,Ltd., JIYUAN Iron&Steel.
The high carbon bearing steel market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. High Carbon Bearing Steel Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. High Carbon Bearing Steel Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. High Carbon Bearing Steel Market - Supply Chain
4.5. Global High Carbon Bearing Steel Market Forecast
4.5.1. High Carbon Bearing Steel Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. High Carbon Bearing Steel Market Size (000 Units) and Y-o-Y Growth
4.5.3. High Carbon Bearing Steel Market Absolute $ Opportunity
5. Global High Carbon Bearing Steel Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. High Carbon Bearing Steel Market Size and Volume Forecast by Type
5.3.1. Bars
5.3.2. Tubes
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global High Carbon Bearing Steel Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. High Carbon Bearing Steel Market Size and Volume Forecast by Application
6.3.1. Bearing industry
6.3.2. Other
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global High Carbon Bearing Steel Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. High Carbon Bearing Steel Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global High Carbon Bearing Steel Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. High Carbon Bearing Steel Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global High Carbon Bearing Steel Demand Share Forecast, 2019-2029
9. North America High Carbon Bearing Steel Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America High Carbon Bearing Steel Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America High Carbon Bearing Steel Market Size and Volume Forecast by Application
9.4.1. Bearing industry
9.4.2. Other
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America High Carbon Bearing Steel Market Size and Volume Forecast by Type
9.7.1. Bars
9.7.2. Tubes
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America High Carbon Bearing Steel Demand Share Forecast, 2019-2029
10. Latin America High Carbon Bearing Steel Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America High Carbon Bearing Steel Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America High Carbon Bearing Steel Market Size and Volume Forecast by Application
10.4.1. Bearing industry
10.4.2. Other
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America High Carbon Bearing Steel Market Size and Volume Forecast by Type
10.7.1. Bars
10.7.2. Tubes
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America High Carbon Bearing Steel Demand Share Forecast, 2019-2029
11. Europe High Carbon Bearing Steel Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe High Carbon Bearing Steel Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe High Carbon Bearing Steel Market Size and Volume Forecast by Application
11.4.1. Bearing industry
11.4.2. Other
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe High Carbon Bearing Steel Market Size and Volume Forecast by Type
11.7.1. Bars
11.7.2. Tubes
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe High Carbon Bearing Steel Demand Share, 2019-2029
12. Asia Pacific High Carbon Bearing Steel Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific High Carbon Bearing Steel Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific High Carbon Bearing Steel Market Size and Volume Forecast by Application
12.4.1. Bearing industry
12.4.2. Other
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific High Carbon Bearing Steel Market Size and Volume Forecast by Type
12.7.1. Bars
12.7.2. Tubes
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific High Carbon Bearing Steel Demand Share, 2019-2029
13. Middle East & Africa High Carbon Bearing Steel Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa High Carbon Bearing Steel Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa High Carbon Bearing Steel Market Size and Volume Forecast by Application
13.4.1. Bearing industry
13.4.2. Other
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa High Carbon Bearing Steel Market Size and Volume Forecast by Type
13.7.1. Bars
13.7.2. Tubes
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa High Carbon Bearing Steel Demand Share, 2019-2029
14. Competition Landscape
14.1. Global High Carbon Bearing Steel Market: Market Share Analysis
14.2. High Carbon Bearing Steel Distributors and Customers
14.3. High Carbon Bearing Steel Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. OVAKO
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Sanyo Special Steel
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. CITIC Special Steel Group
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. DongbeiSpecialSteel
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Juneng
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Nanjing Iron&Steel United Co.,Ltd.
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. JIYUAN Iron&Steel
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. ...
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. COMPANY9
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
