Market Overview:
The global spherical roller thrust bearing 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 bearings in automotive, heavy machinery, aerospace, and medical applications. Additionally, the growing industrialization and urbanization in developing countries are also contributing to the growth of this market. Based on type, the global spherical roller thrust bearing market can be segmented into ID under 200mm, ID 200-500mm, and ID above 500mm segments. The ID under 200mm segment is projected to grow at a higher CAGR during the forecast period as compared to other segments owing to its low cost and high performance characteristics. By application, the automotive sector is expected to account for a major share of this market during the forecast period followed by heavy machinery and aerospace sectors respectively.
Product Definition:
A spherical roller thrust bearing is a type of rolling-element bearing that uses cylinders (rollers) arranged in a sphere. The bearings are used to support radial and axial loads and can accommodate tilting moments.
ID Under 200mm:
ID under 200mm is the new term used for bearings with a inner diameter between 160mm and 210mm. The bearing’s size varies with the application in which they are used. For example, if it’s going to be used in an assembly that requires high precision then size of bearing should be increased as their tolerance is also high.
ID 200-500mm:
The global spherical roller thrust bearing market size was valued at USD 6.5 billion in 2016 and is expected to witness significant growth over the forecast period owing to its increasing demand from various end-use industries including aerospace, automotive, construction machinery, material handling equipment and others.
ID 200-500mm bearings are used in high power engine applications such as gas turbines & jet engines that require a higher load carrying capacity and a longer service life.
Application Insights:
The global demand for the spherical roller thrust bearing has witnessed a paradigm shift due to the growing need for automotive and heavy machinery. In addition, increasing R&D expenditure by major manufacturers on enhancing product features coupled with extensive use in medical applications is expected to drive the product demand over the forecast period.
Aerospace is estimated to be one of the fastest-growing application segments during the study period owing to an increase in aircraft production coupled with rising passenger traffic. The introduction of advanced aerospace components, such as composite materials and alloys has led to an increase in weightage of these bearings which further increases their penetration rate into aircraft components thereby driving their demand globally.
Regional Analysis:
Asia Pacific dominated the global market in terms of revenue with a share of over 40.0% in 2017. The region is expected to witness significant growth over the forecast period owing to increasing demand from various sectors, such as aerospace and heavy machinery, due to rising construction activities and growing industrialization across countries like China, India, Japan and South Korea.
The Asia Pacific regional market is also projected to register considerable growth during the forecast period on account of rapid development in economies like China and India along with other Southeast Asian countries. In addition, favorable government policies regarding manufacturing facilities are anticipated to further drive product demand during the estimated time span.
Growth Factors:
- Increasing demand from the automotive and industrial sectors
- Growing urbanization and industrialization in developing countries
- Rising disposable income of consumers in developing countries
- Technological advancements in bearing manufacturing processes
- Expansion of global trade
Scope Of The Report
Report Attributes
Report Details
Report Title
Spherical Roller Thrust Bearing Market Research Report
By Type
ID Under 200mm, ID 200-500mm, ID Above 500mm
By Application
Automotive, Heavy Machinery, Aerospace, Medical, Other
By Companies
Beeline Engineering Products, Galaxy Bearings, General Bearing, Hikari Seiko, JTEKT, Mitsumi Electric, Nachi Brasil, National Engineering Industries, New Hampshire Ball Bearings, MinebeaMitsumi, NRB Bearings, NSK Brasil, NTN Bearing, SKF, PT. IKA Wira Niaga, Schaeffler, Texspin Bearings, Timken, Wafangdian Bearing Group, Yuhuan Melun Machinery, ZWZ BEARING, Bajaj Bearings
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
240
Number of Tables & Figures
168
Customization Available
Yes, the report can be customized as per your need.
Global Spherical Roller Thrust Bearing Market Report Segments:
The global Spherical Roller Thrust Bearing market is segmented on the basis of:
Types
ID Under 200mm, ID 200-500mm, ID Above 500mm
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, Heavy Machinery, Aerospace, Medical, 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:
- Beeline Engineering Products
- Galaxy Bearings
- General Bearing
- Hikari Seiko
- JTEKT
- Mitsumi Electric
- Nachi Brasil
- National Engineering Industries
- New Hampshire Ball Bearings
- MinebeaMitsumi
- NRB Bearings
- NSK Brasil
- NTN Bearing
- SKF
- PT. IKA Wira Niaga
- Schaeffler
- Texspin Bearings
- Timken
- Wafangdian Bearing Group
- Yuhuan Melun Machinery
- ZWZ BEARING
- Bajaj Bearings
Highlights of The Spherical Roller Thrust 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:
- ID Under 200mm
- ID 200-500mm
- ID Above 500mm
- By Application:
- Automotive
- Heavy Machinery
- Aerospace
- Medical
- 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 Spherical Roller Thrust 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 spherical roller thrust bearing is a type of bearing that uses balls to provide smooth and consistent motion. These bearings are often used in applications where high levels of precision and accuracy are required, such as in aerospace or automotive manufacturing.
Some of the key players operating in the spherical roller thrust bearing market are Beeline Engineering Products, Galaxy Bearings, General Bearing, Hikari Seiko, JTEKT, Mitsumi Electric, Nachi Brasil, National Engineering Industries, New Hampshire Ball Bearings, MinebeaMitsumi, NRB Bearings, NSK Brasil, NTN Bearing, SKF, PT. IKA Wira Niaga, Schaeffler, Texspin Bearings, Timken, Wafangdian Bearing Group, Yuhuan Melun Machinery, ZWZ BEARING, Bajaj Bearings.
The spherical roller thrust 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. Spherical Roller Thrust 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. Spherical Roller Thrust Bearing Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Spherical Roller Thrust Bearing Market - Supply Chain
4.5. Global Spherical Roller Thrust Bearing Market Forecast
4.5.1. Spherical Roller Thrust Bearing Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Spherical Roller Thrust Bearing Market Size (000 Units) and Y-o-Y Growth
4.5.3. Spherical Roller Thrust Bearing Market Absolute $ Opportunity
5. Global Spherical Roller Thrust 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. Spherical Roller Thrust Bearing Market Size and Volume Forecast by Type
5.3.1. ID Under 200mm
5.3.2. ID 200-500mm
5.3.3. ID Above 500mm
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Spherical Roller Thrust 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. Spherical Roller Thrust Bearing Market Size and Volume Forecast by Application
6.3.1. Automotive
6.3.2. Heavy Machinery
6.3.3. Aerospace
6.3.4. Medical
6.3.5. Other
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Spherical Roller Thrust 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. Spherical Roller Thrust 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 Spherical Roller Thrust 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. Spherical Roller Thrust 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 Spherical Roller Thrust Bearing Demand Share Forecast, 2019-2026
9. North America Spherical Roller Thrust 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 Spherical Roller Thrust 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 Spherical Roller Thrust Bearing Market Size and Volume Forecast by Application
9.4.1. Automotive
9.4.2. Heavy Machinery
9.4.3. Aerospace
9.4.4. Medical
9.4.5. Other
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Spherical Roller Thrust Bearing Market Size and Volume Forecast by Type
9.7.1. ID Under 200mm
9.7.2. ID 200-500mm
9.7.3. ID Above 500mm
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 Spherical Roller Thrust Bearing Demand Share Forecast, 2019-2026
10. Latin America Spherical Roller Thrust 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 Spherical Roller Thrust 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 Spherical Roller Thrust Bearing Market Size and Volume Forecast by Application
10.4.1. Automotive
10.4.2. Heavy Machinery
10.4.3. Aerospace
10.4.4. Medical
10.4.5. Other
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Spherical Roller Thrust Bearing Market Size and Volume Forecast by Type
10.7.1. ID Under 200mm
10.7.2. ID 200-500mm
10.7.3. ID Above 500mm
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 Spherical Roller Thrust Bearing Demand Share Forecast, 2019-2026
11. Europe Spherical Roller Thrust 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 Spherical Roller Thrust 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 Spherical Roller Thrust Bearing Market Size and Volume Forecast by Application
11.4.1. Automotive
11.4.2. Heavy Machinery
11.4.3. Aerospace
11.4.4. Medical
11.4.5. Other
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Spherical Roller Thrust Bearing Market Size and Volume Forecast by Type
11.7.1. ID Under 200mm
11.7.2. ID 200-500mm
11.7.3. ID Above500mm
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 Spherical Roller Thrust Bearing Demand Share, 2019-2026
12. Asia Pacific Spherical Roller Thrust 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 Spherical Roller Thrust 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 Spherical Roller Thrust Bearing Market Size and Volume Forecast by Application
12.4.1. Automotive
12.4.2. Heavy Machinery
12.4.3. Aerospace
12.4.4. Medical
12.4.5. Other
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Spherical Roller Thrust Bearing Market Size and Volume Forecast by Type
12.7.1. ID Under 200mm
12.7.2. ID 200-500mm
12.7.3. ID Above 500mm
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 Spherical Roller Thrust Bearing Demand Share, 2019-2026
13. Middle East & Africa Spherical Roller Thrust 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 Spherical Roller Thrust 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 Spherical Roller Thrust Bearing Market Size and Volume Forecast by Application
13.4.1. Automotive
13.4.2. Heavy Machinery
13.4.3. Aerospace
13.4.4. Medical
13.4.5. Other
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Spherical Roller Thrust Bearing Market Size and Volume Forecast by Type
13.7.1. ID Under 200mm
13.7.2. ID 200-500mm
13.7.3. ID Above 500mm
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 Spherical Roller Thrust Bearing Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Spherical Roller Thrust Bearing Market: Market Share Analysis
14.2. Spherical Roller Thrust Bearing Distributors and Customers
14.3. Spherical Roller Thrust Bearing Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Beeline Engineering Products
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Galaxy Bearings
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. General Bearing
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Hikari Seiko
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. Mitsumi Electric
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Nachi Brasil
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. National Engineering Industries
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. New Hampshire Ball Bearings
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. MinebeaMitsumi
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. NRB 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. NSK Brasil
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. NTN Bearing
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. SKF
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. PT. IKA Wira Niaga
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Schaeffler
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. Texspin Bearings
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. Timken
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. Wafangdian Bearing Group
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. Yuhuan Melun Machinery
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
