Market Overview:
The global railway bearing market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the railway bearing market can be attributed to the increasing demand for high-speed trains, mainline trains, metro trains, freight trains and special trains across the globe. Additionally, the growing urbanization and industrialization are also contributing to the growth of this market. The roller bearing segment is expected to dominate the global railway bearing market during the forecast period owing to its superior performance as compared with other types of bearings.
Product Definition:
Railway bearings are a type of bearing that is specifically designed for railway use. Railway bearings are used to support the weight of railway vehicles and minimize friction between the vehicle and the rails. They also help ensure smooth movement of vehicles along the tracks.
Roller Bearing:
roller bearings are used in rolling elements, which include railway vehicles such as wheels, axles and frames. The main function of roller bearing is to provide smooth movement with low friction between the surfaces on which it is mounted. It can be generally classified into two types: plain or cylindrical roller bearings and spherical or hemispherical roller bearings.
Ball Bearing:
Ball bearings are rolling elements that are used in various machinery and equipment to facilitate smooth movement. They can be classified on the basis of their shapes as round, square, and rectangular. The two basic types of ball bearings include sealed and self-cleaning.
Application Insights:
The market is segmented by application into mainline trains, metro trains, freight trains and special trains. The mainline train application segment accounted for the largest share in 2017 owing to the extensive use of railway bearings in this type of train. These are used in a variety of applications including turntables, turnouts and speed controls among others.
High-speed rail (HSR) systems also require a large number of railway bearings due to their heavy load requirements as compared to conventional railways. Countries such as China, Japan and South Korea are constructing numerous HSR systems which will increase demand over the next few years. This is expected to drive product demand over the forecast period thus contributing towards overall growth during the study period.
The metro train application segment is projected to witness significant growth during the forecast period owing its increasing usage across major cities around the world including Paris, Moscow, New York City.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The growth of this region can be attributed to increasing infrastructure activities coupled with rising industrialization and urbanization in countries such as China, India, Indonesia, Thailand, Vietnam among others. In addition, growing demand for high-speed trains from developed economies including Japan and South Korea is also expected to drive regional product demand over the forecast period.
Europe was another major market for railway bearing that accounted for a share of more than 25% in terms of revenue in 2017 owing to high investments made by governments on building new railroads or upgrading existing railroads across European countries such as Germany (high-speed railways), France (Intercity Express Trains), Italy (Frecciarossa) among others which are anticipated to boost regional product demand over the next eight years.
Growth Factors:
- Increasing demand for railway transportation: The growth of the railway bearing market is mainly attributed to the increasing demand for railway transportation across the globe. Railway transportation is considered as a more efficient and environment-friendly mode of transport as compared to road transport, which is why it has been gaining popularity over the past few years. This is expected to drive the growth of the railway bearing market in the coming years.
- Technological advancements: The development of new and innovative technologies has led to an increase in efficiency and performance of railway bearings, thereby driving their demand worldwide. In addition, technological advancements have also helped reduce costs, making these bearings more affordable for consumers. All these factors are expected to contribute significantly towards the growth of this market in future.
- Growing urbanization and industrialization: The rapid expansion of urban areas and industries aroundthe world has resulted in an increase in freight traffic movement by railways systems Consequently, there is a growing need for high quality bearings that can handle heavy loads without any issues These requirements are likely to spur furthergrowthoftherailwaybearingmarketin thenearfuture . 4 Rising environmental concerns: With growing awareness about environmental issues among people across different geographies, there has been an increased focus on reducing emissions from various modesoftransportation One such wayis through promotionofgreenandenvironmentally friendly modesoftransport like railways This shift towards greener means oftravellingisexpectedtosupportthegrowthoftherailwaybearingmarketin
Scope Of The Report
Report Attributes
Report Details
Report Title
Railway Bearing Market Research Report
By Type
Roller Bearing, Ball Bearing, Plain Bearing
By Application
High Speed Trains, Mainline Trains, Metro Trains, Freight Trains, Special Trains
By Companies
NSK Ltd., The Timken Company, JTEKT Corporation, NBC Bearing, Amsted Rail, NTN Corporation, Luoyang Bearing Science & Technology Co.,Ltd., AB Axis Company Limited., SKF, LYC Bearing Corporation, NKE Bearings, GGB, Schaeffler Group
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
250
Number of Tables & Figures
175
Customization Available
Yes, the report can be customized as per your need.
Global Railway Bearing Market Report Segments:
The global Railway Bearing market is segmented on the basis of:
Types
Roller Bearing, Ball Bearing, Plain 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
High Speed Trains, Mainline Trains, Metro Trains, Freight Trains, Special Trains
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:
- NSK Ltd.
- The Timken Company
- JTEKT Corporation
- NBC Bearing
- Amsted Rail
- NTN Corporation
- Luoyang Bearing Science & Technology Co.,Ltd.
- AB Axis Company Limited.
- SKF
- LYC Bearing Corporation
- NKE Bearings
- GGB
- Schaeffler Group
Highlights of The Railway 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 Bearing
- Ball Bearing
- Plain Bearing
- By Application:
- High Speed Trains
- Mainline Trains
- Metro Trains
- Freight Trains
- Special Trains
- 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 Railway 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
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- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
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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?
Railway bearings are a type of bearing used in railway vehicles. They allow the wheels to rotate freely on the rail, allowing the train to move forward.
Some of the major players in the railway bearing market are NSK Ltd., The Timken Company, JTEKT Corporation, NBC Bearing, Amsted Rail, NTN Corporation, Luoyang Bearing Science & Technology Co.,Ltd., AB Axis Company Limited., SKF, LYC Bearing Corporation, NKE Bearings, GGB, Schaeffler Group.
The railway bearing 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. Railway 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. Railway Bearing Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Railway Bearing Market - Supply Chain
4.5. Global Railway Bearing Market Forecast
4.5.1. Railway Bearing Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Railway Bearing Market Size (000 Units) and Y-o-Y Growth
4.5.3. Railway Bearing Market Absolute $ Opportunity
5. Global Railway 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. Railway Bearing Market Size and Volume Forecast by Type
5.3.1. Roller Bearing
5.3.2. Ball Bearing
5.3.3. Plain Bearing
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Railway 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. Railway Bearing Market Size and Volume Forecast by Application
6.3.1. High Speed Trains
6.3.2. Mainline Trains
6.3.3. Metro Trains
6.3.4. Freight Trains
6.3.5. Special Trains
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Railway 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. Railway 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 Railway 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. Railway 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 Railway Bearing Demand Share Forecast, 2019-2026
9. North America Railway 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 Railway 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 Railway Bearing Market Size and Volume Forecast by Application
9.4.1. High Speed Trains
9.4.2. Mainline Trains
9.4.3. Metro Trains
9.4.4. Freight Trains
9.4.5. Special Trains
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Railway Bearing Market Size and Volume Forecast by Type
9.7.1. Roller Bearing
9.7.2. Ball Bearing
9.7.3. Plain 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 Railway Bearing Demand Share Forecast, 2019-2026
10. Latin America Railway 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 Railway 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 Railway Bearing Market Size and Volume Forecast by Application
10.4.1. High Speed Trains
10.4.2. Mainline Trains
10.4.3. Metro Trains
10.4.4. Freight Trains
10.4.5. Special Trains
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Railway Bearing Market Size and Volume Forecast by Type
10.7.1. Roller Bearing
10.7.2. Ball Bearing
10.7.3. Plain 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 Railway Bearing Demand Share Forecast, 2019-2026
11. Europe Railway 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 Railway 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 Railway Bearing Market Size and Volume Forecast by Application
11.4.1. High Speed Trains
11.4.2. Mainline Trains
11.4.3. Metro Trains
11.4.4. Freight Trains
11.4.5. Special Trains
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Railway Bearing Market Size and Volume Forecast by Type
11.7.1. Roller Bearing
11.7.2. Ball Bearing
11.7.3. Plain Bearing
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 Railway Bearing Demand Share, 2019-2026
12. Asia Pacific Railway 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 Railway 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 Railway Bearing Market Size and Volume Forecast by Application
12.4.1. High Speed Trains
12.4.2. Mainline Trains
12.4.3. Metro Trains
12.4.4. Freight Trains
12.4.5. Special Trains
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Railway Bearing Market Size and Volume Forecast by Type
12.7.1. Roller Bearing
12.7.2. Ball Bearing
12.7.3. Plain 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 Railway Bearing Demand Share, 2019-2026
13. Middle East & Africa Railway 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 Railway 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 Railway Bearing Market Size and Volume Forecast by Application
13.4.1. High Speed Trains
13.4.2. Mainline Trains
13.4.3. Metro Trains
13.4.4. Freight Trains
13.4.5. Special Trains
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Railway Bearing Market Size and Volume Forecast by Type
13.7.1. Roller Bearing
13.7.2. Ball Bearing
13.7.3. Plain 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 Railway Bearing Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Railway Bearing Market: Market Share Analysis
14.2. Railway Bearing Distributors and Customers
14.3. Railway Bearing Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. NSK Ltd.
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. The Timken Company
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. JTEKT Corporation
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. NBC Bearing
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Amsted Rail
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 Corporation
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Luoyang Bearing Science & Technology Co.,Ltd.
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. AB Axis Company Limited.
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. SKF
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 Bearing Corporation
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 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. GGB
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Schaeffler Group
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
