Market Overview:
The global needle roller bearing market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The radial type needle roller bearing accounted for a major share of 71% the global needle roller bearing market in 2017. The automotive and industrial hold important share in terms of applications with over 80%. Asia Pacific is the fastest growing region for the global needle roller bearings market, owing to the increasing demand from automotive and industrial sectors in countries such as China, Japan, and South Korea.
Product Definition:
A needle roller bearing is a type of roller bearing that uses cylindrical rollers. They are small in diameter and the length of their rollers is much greater than their diameter. This allows them to carry a larger load than other types of roller bearings.
Radial Type Needle Roller Bearing:
Needle roller bearings are used in radial and axial applications. The radial type is widely used in the automotive industry, where they find their application as replacement for the plain or needle bearings. Needle roller bearing has a cylindrical inner race, which is normally covered with a thin layer of metal to reduce friction.
Thrust Type Needle Roller Bearing:
Thrust type needle roller bearing is used in applications where high axial force is required. The bearings are suitable for applications in which the radial and thrust forces are both applied at the same time, or in other words, where pure axial force is needed.
The bearing consists of a cylindrical inner race, which may be made from steel or ceramic materials; an outer race that rides on a cylindrical surface; and thrust faces that ride on each other.
Application Insights:
Automotive application segment is projected to grow at a CAGR of XX% from 2018 to 2030 owing to the increasing demand for vehicles and replacement of traditional mechanical systems with electric systems. The other applications include transportation, packaging, machinery and assembly line components among others.
The automotive industry has been witnessing significant technological changes that have resulted in the reduction in size of components such as transmission system, engine parts along with an increase in automation which eventually leads to increased production efficiency thus lowering operational costs leading to an overall higher profit margin for automakers which ultimately translates into higher revenue for governments across the world. This trend is expected continue over the next few years thereby benefitting needle roller bearing market growth over the forecast period.
Regional Analysis:
Asia Pacific is expected to be the fastest growing market for needle roller bearing with a CAGR of XX% from 2018 to 2030 owing to rapid industrialization and increasing foreign investments in the region. In addition, rising demand for electric vehicles along with supportive government policies is anticipated to drive product demand over the forecast period.
The presence of key manufacturers such as Nidec Corporation; INA bearings Inc.; FK Series Ltd.; SKF; bearingalliance; Koyo Zensho Co., Ltd.; and Nipponbearing Co., Ltd has contributed significantly towards growth in Asia Pacific region. The availability of low-cost labor and raw materials coupled with less stringent regulations regarding production output has encouraged many small & medium enterprises in this region which further boosts regional growth prospects.
Growth Factors:
- Increasing demand from the automotive industry
- Growing demand for needle roller bearings in the industrial sector
- Rising popularity of electric vehicles and hybrid vehicles
- Technological advancements in the manufacturing of needle roller bearings
- Growing awareness about the benefits of using needle roller bearings
Scope Of The Report
Report Attributes
Report Details
Report Title
Needle Roller Bearing Market Research Report
By Type
Radial Type Needle Roller Bearing, Thrust Type Needle Roller Bearing, , Radial type needle roller bearing accounted for a major share of 71% the global needle roller bearing market.
By Application
Automotive, Industrial, Aerospace, Other, , The automotive and industrial hold important share in terms of applications with over 80%.
By Companies
Schaeffler, NSK, SKF, JTEKT, IKO, NTN, Timken, C&U Group, Suzhou Bearing, LYC, RBC Bearings, Nanfang Bearing, ZWZ, Xiangyang Automobile 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
235
Number of Tables & Figures
165
Customization Available
Yes, the report can be customized as per your need.
Global Needle Roller Bearing Market Report Segments:
The global Needle Roller Bearing market is segmented on the basis of:
Types
Radial Type Needle Roller Bearing, Thrust Type Needle Roller Bearing, , Radial type needle roller bearing accounted for a major share of 71% the global needle roller bearing market.
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
Automotive, Industrial, Aerospace, Other, , The automotive and industrial hold important share in terms of applications with over 80%.
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
- NSK
- SKF
- JTEKT
- IKO
- NTN
- Timken
- C&U Group
- Suzhou Bearing
- LYC
- RBC Bearings
- Nanfang Bearing
- ZWZ
- Xiangyang Automobile Bearing
Highlights of The Needle Roller 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:
- Radial Type Needle Roller Bearing
- Thrust Type Needle Roller Bearing
- Radial type needle roller bearing accounted for a major share of 71% the global needle roller bearing market.
- By Application:
- Automotive
- Industrial
- Aerospace
- Other
- The automotive and industrial hold important share in terms of applications with over 80%.
- 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 Needle Roller 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.
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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?
A needle roller bearing is a type of rolling bearing that uses needles to help reduce friction. This Bearing is used in applications where high speed and low noise are required, such as in medical equipment and aerospace.
Some of the major companies in the needle roller bearing market are Schaeffler, NSK, SKF, JTEKT, IKO, NTN, Timken, C&U Group, Suzhou Bearing, LYC, RBC Bearings, Nanfang Bearing, ZWZ, Xiangyang Automobile Bearing.
The needle roller bearing market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Needle Roller 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. Needle Roller Bearing Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Needle Roller Bearing Market - Supply Chain
4.5. Global Needle Roller Bearing Market Forecast
4.5.1. Needle Roller Bearing Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Needle Roller Bearing Market Size (000 Units) and Y-o-Y Growth
4.5.3. Needle Roller Bearing Market Absolute $ Opportunity
5. Global Needle Roller 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. Needle Roller Bearing Market Size and Volume Forecast by Type
5.3.1. Radial Type Needle Roller Bearing
5.3.2. Thrust Type Needle Roller Bearing
5.3.4. Radial type needle roller bearing accounted for a major share of 71% the global needle roller bearing market.
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Needle Roller 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. Needle Roller Bearing Market Size and Volume Forecast by Application
6.3.1. Automotive
6.3.2. Industrial
6.3.3. Aerospace
6.3.4. Other
6.3.6. The automotive and industrial hold important share in terms of applications with over 80%.
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Needle Roller 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. Needle Roller 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 Needle Roller 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. Needle Roller 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 Needle Roller Bearing Demand Share Forecast, 2019-2026
9. North America Needle Roller 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 Needle Roller 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 Needle Roller Bearing Market Size and Volume Forecast by Application
9.4.1. Automotive
9.4.2. Industrial
9.4.3. Aerospace
9.4.4. Other
9.4.6. The automotive and industrial hold important share in terms of applications with over 80%.
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Needle Roller Bearing Market Size and Volume Forecast by Type
9.7.1. Radial Type Needle Roller Bearing
9.7.2. Thrust Type Needle Roller Bearing
9.7.4. Radial type needle roller bearing accounted for a major share of 71% the global needle roller bearing market.
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 Needle Roller Bearing Demand Share Forecast, 2019-2026
10. Latin America Needle Roller 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 Needle Roller 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 Needle Roller Bearing Market Size and Volume Forecast by Application
10.4.1. Automotive
10.4.2. Industrial
10.4.3. Aerospace
10.4.4. Other
10.4.6. The automotive and industrial hold important share in terms of applications with over 80%.
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Needle Roller Bearing Market Size and Volume Forecast by Type
10.7.1. Radial Type Needle Roller Bearing
10.7.2. Thrust Type Needle Roller Bearing
10.7.4. Radial type needle roller bearing accounted for a major share of 71% the global needle roller bearing market.
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 Needle Roller Bearing Demand Share Forecast, 2019-2026
11. Europe Needle Roller 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 Needle Roller 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 Needle Roller Bearing Market Size and Volume Forecast by Application
11.4.1. Automotive
11.4.2. Industrial
11.4.3. Aerospace
11.4.4. Other
11.4.6. The automotive and industrial hold important share in terms of applications with over 80%.
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Needle Roller Bearing Market Size and Volume Forecast by Type
11.7.1. Raial Type Needle Roller Bearing
11.7.2. Thrust Type Needle Roller Bearing
11.7.4. Radial type needle roller bearing accounted for a major share of 71% the global needle roller bearing market.
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 Needle Roller Bearing Demand Share, 2019-2026
12. Asia Pacific Needle Roller 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 Needle Roller 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 Needle Roller Bearing Market Size and Volume Forecast by Application
12.4.1. Automotive
12.4.2. Industrial
12.4.3. Aerospace
12.4.4. Other
12.4.6. The automotive and industrial hold important share in terms of applications with over 80%.
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Needle Roller Bearing Market Size and Volume Forecast by Type
12.7.1. Radial Type Needle Roller Bearing
12.7.2. Thrust Type Needle Roller Bearing
12.7.4. Radial type needle roller bearing accounted for a major share of 71% the global needle roller bearing market.
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 Needle Roller Bearing Demand Share, 2019-2026
13. Middle East & Africa Needle Roller 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 Needle Roller 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 Needle Roller Bearing Market Size and Volume Forecast by Application
13.4.1. Automotive
13.4.2. Industrial
13.4.3. Aerospace
13.4.4. Other
13.4.6. The automotive and industrial hold important share in terms of applications with over 80%.
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Needle Roller Bearing Market Size and Volume Forecast by Type
13.7.1. Radial Type Needle Roller Bearing
13.7.2. Thrust Type Needle Roller Bearing
13.7.4. Radial type needle roller bearing accounted for a major share of 71% the global needle roller bearing market.
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 Needle Roller Bearing Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Needle Roller Bearing Market: Market Share Analysis
14.2. Needle Roller Bearing Distributors and Customers
14.3. Needle Roller 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. NSK
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. SKF
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. JTEKT
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. IKO
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. NTN
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Timken
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. C&U Group
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Suzhou 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. LYC
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. RBC Bearings
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Nanfang Bearing
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. ZWZ
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Xiangyang Automobile Bearing
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
