Market Overview:
The global marine bearing 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 maritime transportation and rising investments in new vessels. The rolling bearing segment is expected to dominate the market during the forecast period, owing to its high efficiency and low maintenance requirements. By application, the submarine segment is projected to lead the market duringthe forecast period, followed by steamship and other applications segments. North America accounted for majority of share in terms of revenue in 2017 and is anticipatedto maintain its dominance throughoutthe forecastperiod due toprominent players operatingin this regionand increasing demand for maritime transportation services.
Product Definition:
A marine bearing is a type of bearing used in shipbuilding and marine engineering. It is a cylindrical or spherical bearing that uses two races separated by a lubricant-filled annulus. Marine bearings are used to support the weight of a ship, its cargo, or its equipment and to keep them in place relative to each other.
Rolling Bearing:
Rolling bearings are used in marine applications owing to their advantages such as low maintenance, reliability, high efficiency and compact design. The market is expected to grow at a significant rate on account of the rising demand for small-sized vessels coupled with increasing investments in R&D by manufacturers.
The rolling bearing consists of a cylindrical inner race, which is surrounded by an outer ring.
Sliding Bearing:
Sliding bearings are used in marine applications where the axial load is expected to be moderate and the radial force is expected to be high. The design of these bearings varies according to their usage; for example, a ball bearing can only take low radial loads while a roller bearing can take both low and high radial loads.
The selection of bearings depends on various factors such as material, weight, size (length & width), speed, temperature variations etc.
Application Insights:
The other application segment includes ships, trains, and trucks. The demand for marine bearings in this application is expected to witness a CAGR of XX% from 2018 to 2030 owing to the increasing use of these products in vessels operating on long distances or between different water bodies such as oceans, seas, and lakes.
Submarine is estimated to be the fastest-growing segment over the forecast period owing to rising demand for advanced technology submarines from countries such as China and Russia who are investing heavily in developing their submarine capabilities. Countries such as India are also planning extensive underwater exploration activities which will further propel product demand over the coming years.
Regional Analysis:
Asia Pacific dominated the global marine bearing market in 2017 and is expected to continue its dominance over the forecast period. The growth of this region can be attributed to increasing demand for diesel-electric submarines from countries such as China, India, South Korea, and Japan. Moreover, rising investments in offshore projects such as wind farms and LNG terminals are also anticipated to drive product demand over the next eight years.
The Asia Pacific regional market was followed by Europe which accounted for a share of more than 20% in 2017 owing to high industrial output across major economies including Germany, France, Italy Russia among others. In addition European nations have been actively involved in building nuclear-powered icebreakers that require heavy machinery bearings due to their weight.
Growth Factors:
- Increasing demand from the shipping and marine industry for high-quality bearings is expected to drive the growth of the marine bearing market during the forecast period.
- The increasing popularity of recreational boats is also anticipated to fuel the demand for marine bearings in the coming years.
- Growing awareness about energy efficiency and its benefits is projected to boost demand for advanced and efficient marine bearings in near future.
- Rising investments in new vessel construction projects are likely to create lucrative opportunities for players operating in Marine Bearing market over next few years
Scope Of The Report
Report Attributes
Report Details
Report Title
Marine Bearing Market Research Report
By Type
Rolling Bearing, Sliding Bearing
By Application
Submarine, Steamship, Other
By Companies
Schaeffler, Lewmar, Solimar, NSK, NACHI, Maucour-France, JTEKT, AST Bearings, NTN Bearing, Gebr. Reinfurt, NKE, Timken, McGILL, IBC, Piwang Bearing, RBC, PEER, NRB, KML, Haining ZhengYang Bearing, Tianma Bearing Group, Harbin Bearing, Lily Bearing, Aoyama, Fuda, Liaocheng Jianhua Special Bearing
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
238
Number of Tables & Figures
167
Customization Available
Yes, the report can be customized as per your need.
Global Marine Bearing Market Report Segments:
The global Marine Bearing market is segmented on the basis of:
Types
Rolling Bearing, Sliding 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
Submarine, Steamship, 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:
- Schaeffler
- Lewmar
- Solimar
- NSK
- NACHI
- Maucour-France
- JTEKT
- AST Bearings
- NTN Bearing
- Gebr. Reinfurt
- NKE
- Timken
- McGILL
- IBC
- Piwang Bearing
- RBC
- PEER
- NRB
- KML
- Haining ZhengYang Bearing
- Tianma Bearing Group
- Harbin Bearing
- Lily Bearing
- Aoyama
- Fuda
- Liaocheng Jianhua Special Bearing
Highlights of The Marine 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:
- Rolling Bearing
- Sliding Bearing
- By Application:
- Submarine
- Steamship
- 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 Marine 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
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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?
Marine Bearing is a type of bearing that is used in marine applications. It is designed to resist corrosion and wear, and it can handle high loads.
Some of the key players operating in the marine bearing market are Schaeffler, Lewmar, Solimar, NSK, NACHI, Maucour-France, JTEKT, AST Bearings, NTN Bearing, Gebr. Reinfurt, NKE, Timken, McGILL, IBC, Piwang Bearing, RBC, PEER, NRB, KML, Haining ZhengYang Bearing, Tianma Bearing Group, Harbin Bearing, Lily Bearing, Aoyama, Fuda, Liaocheng Jianhua Special Bearing.
The marine bearing market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Marine Bearing 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. Marine Bearing Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Marine Bearing Market - Supply Chain
4.5. Global Marine Bearing Market Forecast
4.5.1. Marine Bearing Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Marine Bearing Market Size (000 Units) and Y-o-Y Growth
4.5.3. Marine Bearing Market Absolute $ Opportunity
5. Global Marine Bearing 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. Marine Bearing Market Size and Volume Forecast by Type
5.3.1. Rolling Bearing
5.3.2. Sliding Bearing
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Marine Bearing 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. Marine Bearing Market Size and Volume Forecast by Application
6.3.1. Submarine
6.3.2. Steamship
6.3.3. Other
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Marine Bearing 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. Marine Bearing 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 Marine Bearing 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. Marine Bearing 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 Marine Bearing Demand Share Forecast, 2019-2026
9. North America Marine Bearing 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 Marine Bearing 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 Marine Bearing Market Size and Volume Forecast by Application
9.4.1. Submarine
9.4.2. Steamship
9.4.3. Other
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Marine Bearing Market Size and Volume Forecast by Type
9.7.1. Rolling Bearing
9.7.2. Sliding Bearing
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 Marine Bearing Demand Share Forecast, 2019-2026
10. Latin America Marine Bearing 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 Marine Bearing 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 Marine Bearing Market Size and Volume Forecast by Application
10.4.1. Submarine
10.4.2. Steamship
10.4.3. Other
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Marine Bearing Market Size and Volume Forecast by Type
10.7.1. Rolling Bearing
10.7.2. Sliding Bearing
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 Marine Bearing Demand Share Forecast, 2019-2026
11. Europe Marine Bearing 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 Marine Bearing 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 Marine Bearing Market Size and Volume Forecast by Application
11.4.1. Submarine
11.4.2. Steamship
11.4.3. Other
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Marine Bearing Market Size and Volume Forecast by Type
11.7.1. Rolling Bearing
11.7.2. Sliding Bearing
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growt 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 Marine Bearing Demand Share, 2019-2026
12. Asia Pacific Marine Bearing 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 Marine Bearing 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 Marine Bearing Market Size and Volume Forecast by Application
12.4.1. Submarine
12.4.2. Steamship
12.4.3. Other
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Marine Bearing Market Size and Volume Forecast by Type
12.7.1. Rolling Bearing
12.7.2. Sliding Bearing
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 Marine Bearing Demand Share, 2019-2026
13. Middle East & Africa Marine Bearing 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 Marine Bearing 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 Marine Bearing Market Size and Volume Forecast by Application
13.4.1. Submarine
13.4.2. Steamship
13.4.3. Other
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Marine Bearing Market Size and Volume Forecast by Type
13.7.1. Rolling Bearing
13.7.2. Sliding Bearing
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 Marine Bearing Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Marine Bearing Market: Market Share Analysis
14.2. Marine Bearing Distributors and Customers
14.3. Marine Bearing Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Schaeffler
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Lewmar
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Solimar
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. NSK
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. NACHI
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Maucour-France
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. JTEKT
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. AST Bearings
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. NTN Bearing
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Gebr. Reinfurt
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. NKE
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Timken
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. McGILL
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. IBC
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Piwang Bearing
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. RBC
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. PEER
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. NRB
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. KML
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. Haining ZhengYang Bearing
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
