Mounted Bearing Market worth $1.9 billion by 2025 - PowerPoint PPT Presentation

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Mounted Bearing Market worth $1.9 billion by 2025


Mounted Bearing Market by Product, Market Channel, Housing, Equipment, End-use Industry (Agri, Transportation, Construction & Mining, F&B, Chemical & Pharma, Energy, General Industrial, Pulp & Paper, Others) and Region – PowerPoint PPT presentation

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Title: Mounted Bearing Market worth $1.9 billion by 2025

MarketsandMarkets Presents

Mounted Bearing Market worth 1.9 billion by 2025
The report, Mounted Bearing Market size is
projected to grow from USD 1.4 billion in 2020 to
USD 1.9 billion by 2025, at a CAGR of 5.8.
Mounted units provide a multitude of application
and service options to end users. A mounted unit
is typically a ball or roller bearing set into a
housing. These units can be designed for standard
ball bearings, roller bearings, and even split
bearings that allow easier mounting. They are
primarily employed in both, light- and heavy-duty
industries ranging from construction and mining
to conveyors on a food processing line. Browse
100 market data Tables and 92 Figures spread
through 211 Pages and in-depth TOC on "Mounted
Bearing Market The COVID-19 pandemic is expected
to have slight impact on the mounted bearing
market. Mounted bearings have huge potential in
the process industry, paper industry, and
furniture industries. Companies such as Greenply,
Action Tesa and Asahi Glass are immensely reliant
upon mounted bearing for material transfer and
handling. Impact of COVID-19 will be higher on
bigger bearings and lower on smaller bearings
since the production and sales in discrete
industries like cement, mining, etc. have been
slow lately due to lockdowns all around the
world. Download PDF Brochure _at_
Asia Oceania is expected to be the largest market
during the forecast China is the largest
automobile market in the world. OEMs such as
Toyota, Honda, Volkswagen, Daimler, and Nissan
have large-scale production bases in the country.
Increasing focus on innovation has encouraged
OEMs to address a wide array of consumer
preferences in the region. Growing focus on
infrastructure developments to accommodate the
growing population would represent a suitable
business environment for manufacturers in the
steel, cement, and metal processing sectors. As a
result, industrial machinery producers would
witness major growth opportunities post 2020 as
the economy in the region rebounds. Food
beverage segment is expected to have the largest
market during the forecast Food beverage
industry is estimated to be the largest market of
mounted bearing by end-use industry type owing to
the sustainable growth of the industry, the
increasing adoption of equipment, and growing
automation in food processing and packaging.
Equipment such as gearbox transmission, fans
blowers, conveyors, and mixer drives are used in
the food processing packing industry. The
demand for such equipment is expected to grow
owing to the increasing automation, development
of advanced equipment, and efforts to increase
production efficiency and reduce errors in the
food beverage industry. Customized or specific
mounted bearings are widely used in the food
beverage industry.
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The global mounted bearing market is dominated
by major players such as SKF (Sweden), Schaeffler
(Germany), THE TIMKEN COMPANY (US), NSK (Japan),
and ABB (Switzerland). Ball bearing segment is
expected to be the fastest growing market during
the forecast period Mounted ball bearings are
composed of rolling elements that separate the
inner and outer rings of a bearing. These
bearings enable smooth operation, high-speed
motion, and reduced friction and can sustain
both, radial and axial loads. Mounted ball
bearings are developed for varying applications,
load types, and speeds. The mounted ball bearings
segment is projected to grow at a significant
rate in the coming years. Asia Oceania is
projected to be the largest and fastest-growing
regional market during the forecast period. The
growth of the market here is driven by
sustainable growth in the food beverage and
agriculture industries.
Opportunity Increasing development and adoption
of sensor-based bearing unit and IoT Sensors are
essential in industrial automation as well as
motion control systems. They are the vital link
between the data collected through physical
systems and the communication link that transmits
data to the monitoring facilities or cloud.
Sensors are used to keep a check on the
performances of bearings, as failed bearing could
lead to costly downtime. The IIoT (Industrial
IoT) sensor is a complex combination of software
and hardware. IIoT sensors could be used as
acoustic and chemical sensors to liquid levels
and temperature monitoring sensors. Proximity
sensors are another type, which is mounted onto
bearings. IoT sensors are not limited to the
collection and sending of data but include
processing and decision-making functions as well.
This added function saves engineering time as
well as cost. Major bearing manufacturers are
shifting toward sensor-based mounted bearings,
which are expected to enhance early detection of
bearing malfunction and monitor performance. ABB
is one of the top players in the mounted bearing
market. It offers ABB Ability Smart Sensor, an
easy-to-use, wireless sensor that monitors the
health of ABB Dodge mounted bearings, allowing
users to reduce downtime, improve reliability,
and operate safely. Warnings on decreasing the
health status of mounted bearings allow
maintenance before there is a problem, and the
system is down To speak to our analyst for a
discussion on the above findings, click Speak to
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