Global Needle Roller Bearing Market Research Report 2021
A needle roller bearing is a bearing that uses small cylindrical rollers. These rollers are used to reduce friction of a rotating surface. Compared to ball bearings, needle roller bearings have a large surface area that is in contact with the bearing raceway journals.
The typical structure of a needle roller bearing comprises an inner race (or sometimes just a shaft), a needle cage which orients and contains the needle rollers, the needle rollers themselves, and an outer raceway. There are many different designs of needle roller bearing, including drawn cup, precision race, caged roller, and thrust roller.
The major producers in this industry are Schaeffler, NSK and SKF, accounting for 16.60%, 12.27% and 10.98% of the market, respectively.
Market Analysis and Insights: Global Needle Roller Bearing Market
The global Needle Roller Bearing market was valued at US$ 3826.7 million in 2019 and it is expected to reach US$ 4654.8 million by the end of 2026, growing at a CAGR of 2.8% during 2021-2026.
Global Needle Roller Bearing Market: Drivers and Restrains
The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2016 to 2027. This section mentions the volume of production by region from 2016 to 2027. Pricing analysis is included in the report according to each type from the year 2016 to 2027, manufacturer from 2016 to 2021, region from 2016 to 2021, and global price from 2016 to 2027.
A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.
Global Needle Roller Bearing Market: Segment Analysis
The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2016 to 2027. by Application segment also provides consumption during the forecast period of 2016 to 2027. Understanding the segments helps in identifying the importance of different factors that aid the market growth.
Segment by Type
Radial Type Needle Roller Bearing
Thrust Type Needle Roller Bearing
Radial type needle roller bearing accounted for 70.81% of the global needle roller bearing market in 2019.
Segment by Application
Automotive
Industrial
Aerospace
Others
The automotive holds important sales share in terms of applications with over 45% in 2019.
By Company
Schaeffler
NSK
SKF
JTEKT
IKO
NTN
Timken
C&U Group
Suzhou Bearing
LYC
RBC Bearings
Nanfang Bearing
ZWZ
Xiangyang Automobile Bearing
Production by Region
North America
Europe
China
Japan
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
U.A.E
The typical structure of a needle roller bearing comprises an inner race (or sometimes just a shaft), a needle cage which orients and contains the needle rollers, the needle rollers themselves, and an outer raceway. There are many different designs of needle roller bearing, including drawn cup, precision race, caged roller, and thrust roller.
The major producers in this industry are Schaeffler, NSK and SKF, accounting for 16.60%, 12.27% and 10.98% of the market, respectively.
Market Analysis and Insights: Global Needle Roller Bearing Market
The global Needle Roller Bearing market was valued at US$ 3826.7 million in 2019 and it is expected to reach US$ 4654.8 million by the end of 2026, growing at a CAGR of 2.8% during 2021-2026.
Global Needle Roller Bearing Market: Drivers and Restrains
The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2016 to 2027. This section mentions the volume of production by region from 2016 to 2027. Pricing analysis is included in the report according to each type from the year 2016 to 2027, manufacturer from 2016 to 2021, region from 2016 to 2021, and global price from 2016 to 2027.
A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.
Global Needle Roller Bearing Market: Segment Analysis
The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2016 to 2027. by Application segment also provides consumption during the forecast period of 2016 to 2027. Understanding the segments helps in identifying the importance of different factors that aid the market growth.
Segment by Type
Radial Type Needle Roller Bearing
Thrust Type Needle Roller Bearing
Radial type needle roller bearing accounted for 70.81% of the global needle roller bearing market in 2019.
Segment by Application
Automotive
Industrial
Aerospace
Others
The automotive holds important sales share in terms of applications with over 45% in 2019.
By Company
Schaeffler
NSK
SKF
JTEKT
IKO
NTN
Timken
C&U Group
Suzhou Bearing
LYC
RBC Bearings
Nanfang Bearing
ZWZ
Xiangyang Automobile Bearing
Production by Region
North America
Europe
China
Japan
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
U.A.E
Frequently Asked Questions
This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.
- By product type
- By End User/Applications
- By Technology
- By Region
The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.
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