Automotive Bearing Market Analysis and Industry Outlook, 2015 – 2022 - PowerPoint PPT Presentation

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Automotive Bearing Market Analysis and Industry Outlook, 2015 – 2022

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Title: Automotive Bearing Market Analysis and Industry Outlook, 2015 – 2022


1
Bearing Market Global Industry Analysis Report,
Share, Growth, Price Trends and Forecast, 2022
Global Market Insights Inc.
Fuel Cell Market size worth 25.5bn by 2024
2
Key Insights from Bearing Market
  • This product is an essential mechanical component
    for proper and smooth running of vehicles and
    machineries.
  • The industrial heavy machinery sector is the
    largest end user market, followed by automobile
    sector which cant run without this product.
  • Asia Pacific market was USD 36 billion in 2014
    and is projected to gain USD 68 billion by 2022
    with a CAGR of 8 between years 2015-2022.
  • Substantial growth is expected in this market
    because of high requirement for tapered roller
    components in wheels, gearboxes and journal
    applications along with ceramic coated ones used
    in traction-motor.
  • It has a rising growth with approximately 42 of
    the overall share in 2014 and is expected to
    enjoy 78 in the coming year.

3
Continued...
  • The market trends seem to be promising in future.
    Automotive bearing market is projected to get
    significant gains with projection of USD 71
    billion at a CAGR of 7.3.
  • Machineries used for agriculture are also
    estimated to contribute in the elevation of this
    market. But yes, it is worth to notice the
    importance of the roller variety.
  • It is anticipated that Europe will achieve USD 32
    billion by 2022 which was USD 18 billion earlier
    in 2014.
  • One more example of rising market for this
    product is North America which is expected to get
    USD 25 billion by 2022.

4

5

Browse Full Market Research Report On
BearingMarket _at_ http//bit.ly/2kMxghd
Request for a Sample of this Research
Report _at_ https//www.gminsights.com/request-sample
/detail/111 https//www.gminsights.com/reques
t-sample/detail/49
6
360 Analysis
  • Product Analysis
  • Increase in the demand for high performance
    bearings have led manufacturers to integrate
    advanced sensors units in the bearings market
    products. The sensor units help in assisting
    digital monitoring of axial movement, rotation
    speed, acceleration, deceleration and load
    carrying capacity.
  • Regional Analysis
  • Growth in the automotive and industrial machinery
    production, coupled with attractive China
    bearings market share will be responsible for
    growth across the region.
  • Competitive Market Share
  • Bearings market players include Timken, Brammer
    PLC, NSK Global, Daido Metal Company Limited,
    SKF, Minebea Company Limited, Schaeffler Group,
    JTEKT and NTN Corporation, among others. In order
    to curtail the distribution of counterfeit
    products, companies are participating in
    investigation programs such as high-profile raids.


7
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