Market Overview:
The global Precise Bearing market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for precision bearings in machine tools, precision equipment, aviation & defense and other applications. In terms of type, ball bearings are expected to hold the largest share of the global Precise Bearing market during the forecast period. However, sliding bearings are projected to grow at a higher CAGR than ball bearings during the forecast period.
Product Definition:
A precise bearing is an accurate way of orienting oneself in space. It is especially important for activities such as flying an airplane or sailing a boat, where even a small deviation from the desired course can be disastrous. Precise bearings can be obtained through the use of navigational instruments such as compasses and sextants, or by celestial navigation, which uses the positions of stars and planets to determine one's location.
Ball Bearings:
Ball bearings are rolling-element bearings that are used in precision applications owing to their high load carrying capacity, low friction coefficient and wide availability. They can be classified as free rolling or journaled. The former is generally employed where the axial loads applied are relatively light; for example, by hydraulic systems in automobiles or power tools with limited weight on the handle.
Sliding Bearings:
Sliding bearings are self-oscillating, rolling elements that can be moved in and out along a cylindrical surface. They are used to transmit radial force in the form of axial load or torque. The main types of sliding bearings include ball, roller, thrust (or thrust reverser), combined (or hybrid), and needle bearing.
Application Insights:
The machine tool application segment led the global precise bearing market in 2017 and is projected to expand at a CAGR of XX% over the forecast period. Precise bearings help eliminate vibration, offering smooth running and high-performance results for various industries including automotive, industrial machinery, construction equipment, mining equipment and aerospace & defense. The use of precision bearings helps improve productivity by reducing maintenance costs as well as time required for repair operations.
Precision equipment is expected to be one of the fastest-growing segments during the forecast period owing to increasing demand from end users such as oil & gas companies for drilling activities coupled with stringent regulatory norms regarding environmental protection across various regions including North America and Europe Pacific China Latin America Middle East & Africa on account of which manufacturers are investing more in R&D activities related to new product development along with technological innovations that can offer better performance at a lower cost thereby contributing toward segment growth during the estimated time frame.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing regional market with a CAGR of XX% from 2018 to 2030 owing to rapid industrialization and increasing foreign investments in the manufacturing sector. In addition, rising disposable income levels are anticipated to fuel product demand over the forecast period.
The machine tool industry in China is expected witness significant growth on account of technological advancements coupled with an increase in foreign direct investments by global players such as Siemens AG and Skoda for manufacturing various types of machines including robots, automation tools, computer numerical controllers (CNC), etc. This will drive product demand over the forecast period.
Europe accounted for a major share owing to stringent regulations regarding workplace safety coupled with high standards set by organizations such as OSHA, ANSI/ASSE B 18.2-2011 which define requirements for safe work practices pertaining bearing handling procedures along with other machinery components installation at worksites across industries including construction, automotive.
Growth Factors:
- Increasing demand from the automotive and industrial sectors
- Growing popularity of electric vehicles
- Rising investments in research and development by Precise Bearing manufacturers
- Emerging economies offering lucrative growth opportunities for Precise Bearing market players
- Proliferation of online retail channels
Scope Of The Report
Report Attributes
Report Details
Report Title
Precise Bearing Market Research Report
By Type
Ball Bearings, Sliding Bearings
By Application
Machine Tool, Precision Equipment, Aviation & Defense, Others
By Companies
SKF, Schaeffler, NSK, NTN, JTEKT, Timken, RBC Bearings, C&U, TMB, Nachi, ZWZ, LYC, HRB
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 Precise Bearing Market Report Segments:
The global Precise Bearing market is segmented on the basis of:
Types
Ball Bearings, Sliding Bearings
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
Machine Tool, Precision Equipment, Aviation & Defense, Others
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
- Schaeffler
- NSK
- NTN
- JTEKT
- Timken
- RBC Bearings
- C&U
- TMB
- Nachi
- ZWZ
- LYC
- HRB
Highlights of The Precise 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:
- Ball Bearings
- Sliding Bearings
- By Application:
- Machine Tool
- Precision Equipment
- Aviation & Defense
- Others
- 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 Precise 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?
Precise bearing is a type of ball and roller bearings where the inner race has been precision machined to very tight tolerances. This allows for a much smoother running experience and less friction, which in turn leads to longer bearing life.
Some of the key players operating in the precise bearing market are SKF, Schaeffler, NSK, NTN, JTEKT, Timken, RBC Bearings, C&U, TMB, Nachi, ZWZ, LYC, HRB.
The precise bearing market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Precise 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. Precise Bearing Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Precise Bearing Market - Supply Chain
4.5. Global Precise Bearing Market Forecast
4.5.1. Precise Bearing Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Precise Bearing Market Size (000 Units) and Y-o-Y Growth
4.5.3. Precise Bearing Market Absolute $ Opportunity
5. Global Precise 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. Precise Bearing Market Size and Volume Forecast by Type
5.3.1. Ball Bearings
5.3.2. Sliding Bearings
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Precise 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. Precise Bearing Market Size and Volume Forecast by Application
6.3.1. Machine Tool
6.3.2. Precision Equipment
6.3.3. Aviation & Defense
6.3.4. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Precise 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. Precise 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 Precise 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. Precise 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 Precise Bearing Demand Share Forecast, 2019-2026
9. North America Precise 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 Precise 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 Precise Bearing Market Size and Volume Forecast by Application
9.4.1. Machine Tool
9.4.2. Precision Equipment
9.4.3. Aviation & Defense
9.4.4. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Precise Bearing Market Size and Volume Forecast by Type
9.7.1. Ball Bearings
9.7.2. Sliding Bearings
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 Precise Bearing Demand Share Forecast, 2019-2026
10. Latin America Precise 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 Precise 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 Precise Bearing Market Size and Volume Forecast by Application
10.4.1. Machine Tool
10.4.2. Precision Equipment
10.4.3. Aviation & Defense
10.4.4. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Precise Bearing Market Size and Volume Forecast by Type
10.7.1. Ball Bearings
10.7.2. Sliding Bearings
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 Precise Bearing Demand Share Forecast, 2019-2026
11. Europe Precise 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 Precise 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 Precise Bearing Market Size and Volume Forecast by Application
11.4.1. Machine Tool
11.4.2. Precision Equipment
11.4.3. Aviation & Defense
11.4.4. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Precise Bearing Market Size and Volume Forecast by Type
11.7.1. Ball Bearings
11.7.2. Sliding Bearings
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 Precise Bearing Demand Share, 2019-2026
12. Asia Pacific Precise 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 Precise 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 Precise Bearing Market Size and Volume Forecast by Application
12.4.1. Machine Tool
12.4.2. Precision Equipment
12.4.3. Aviation & Defense
12.4.4. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Precise Bearing Market Size and Volume Forecast by Type
12.7.1. Ball Bearings
12.7.2. Sliding Bearings
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 Precise Bearing Demand Share, 2019-2026
13. Middle East & Africa Precise 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 Precise 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 Precise Bearing Market Size and Volume Forecast by Application
13.4.1. Machine Tool
13.4.2. Precision Equipment
13.4.3. Aviation & Defense
13.4.4. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Precise Bearing Market Size and Volume Forecast by Type
13.7.1. Ball Bearings
13.7.2. Sliding Bearings
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 Precise Bearing Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Precise Bearing Market: Market Share Analysis
14.2. Precise Bearing Distributors and Customers
14.3. Precise Bearing Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. SKF
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Schaeffler
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. NSK
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. NTN
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. JTEKT
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Timken
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. RBC Bearings
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
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. TMB
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Nachi
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. ZWZ
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. LYC
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. HRB
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