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3 Key Insights on Competitive Landscape in the Global Bearings Market: Ken Research

Country-Niche Players Dominate the Bearings Market, Despite the Presence of ~300 Competitors Comprising a Significant Number of Global and Regional Players, finds a recent market study on the Global Bearings Market by Ken Research.

Bearings are parts that assist in the rotation of an object. Bearings support the shaft that rotates inside the machinery. Machines that have the usage of bearings include automobiles, airplanes, electric generators, and others. They are also used in household appliances such as refrigerators, vacuum cleaners, air-conditioners, and others. The bearing supports the rotating shaft of the wheels, gears, turbines, rotors, and various other applications.

Ken Research shares 3 key insights on the competitive landscape of this dynamic market from its latest research study.

1.  Global Players Constitute ~5% of the Total Number of Competitors, While Country-Niche Players Represent ~65% of Total Competitors

Competitive Analysis by the research study found that the Global Bearings Industry is highly competitive with ~300 players which include country-niche players, regional players as well as a significant number of globally diversified players, who deal in the manufacturing and supplying of bearings for multiple product types such as roller, ball, and others. The large global players even though comprise about 5% in terms of the number of companies, hold a strong portion of the market revenue share followed by country-niche players. Most of the players are having their headquarters in the Asia Pacific region.

Global Bearings Market

2. The majority Number of Players are Specialists, Manufacturing a Wide Array of Products in the Global Bearings Market.

Detailed comparative analysis of key competitors available within the research study reveals that players have a variety of bearings products catering to multiple applications such as automobile, aerospace, electronic component, and others. All leading competitors have a strong presence in the global bearings market. Furthermore, several companies and organizations are aggressively investing in R&D to cater to end-users demands.

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  • In June 2021, JTEKT Corporation developed ball bearing with high muddy water resistance seals for agricultural machinery.
  • In September 2020, NTN Corporation expands the mass production and delivery of high-speed deep groove ball bearing developed for motors equipped with electric vehicles (EV) and Hybrid Electric Vehicles (HEV).
  • In October 2020, NTN Corporation expands the mass production and delivery of ULTAGE tapered roller bearing for automotive applications developed for automotive transmission and differential.Global Bearings Industry

3. Government Initiatives & Programs to Encourage the Expansion of the Global Bearings Market

  • According Indian Brand Equity Foundation (IBEF), a semi-government trust formulated by the department of commerce, stated that, in September 2021, the Indian government issued a notification regarding a PLI (Production Linked Scheme) for automobile and auto components worth US$ 3.49 billion.
  • In May 2020, The French Government announced, a US$ 8.8 billion aid package to help the auto industry recover from the COVID-19 crisis, including increased incentives for new electric vehicles.

Key Topics Covered in the Report: –

Snapshot of the Global Bearings Market

Industry Value Chain and Ecosystem Analysis

Market size and Segmentation of the Global Bearings Market

Historic Growth of the Overall Global Bearings Market and Segments

Competition Scenario of the Market and Key Developments of Competitors

Porter’s 5 Forces Analysis of the Global Bearings Industry

Overview, Product Offerings, and Strengths & Weaknesses of Key Competitors

COVID-19 Impact on the Overall Global Bearings Market

Future Market Forecast and Growth Rates of the Total Global Bearings Market and by Segments

Market Size of Application / Material Type Segments with Historical CAGR and Future Forecasts

Analysis of the Global Bearings Market

Major Production/Supply and Consumption/Demand Hubs in Each Major Region

Major Continent-wise Historic and Future Market Growth Rates of the Total Market and Segments

Overview of Notable Emerging Competitor Companies within Each Major Continent

To learn more about this report, Request a free sample copy

Major Players Mentioned in the Report

SKF

JTEKT Corporation

Regal Rexnord Corporation

Schaeffler AG

NSK Ltd.

NTN Corporation

The Timken Company

MinebeaMitsumi Inc.

HKT Bearings Ltd.

Nachi-Fujikoshi Corporation

Notable Emerging Companies Mentioned in the Report

Liaocheng SAST Bearing Co., Ltd

Hangzhou DingTeng Industrial Co., Ltd.

Rotycan Turbotech Pvt. Ltd

CEC Bearings

Industria Bearings & Transmissions Ltd.

Key Target Audience – Organizations and Entities Who Can Benefit by Subscribing This Report

Bearings Manufacturing Companies

Bearings Material Suppliers

Potential Investors in Bearings Companies

Steel Bearings Producers

Ceramic Bearings Producers

Bearing Accessories Manufacturers & Suppliers

Consulting Companies in the Bearings Market

Government and Research Organizations Working in Bearings Industry

Investment Banks Targeting Bearings Industry

Company Research and Development Institutes

Market Research & Consulting Firms

Banking and Financial Service Providers

Auto Component Manufacturers

Government & Regulatory Authorities

Testing & Inspection Companies

Time Period Captured in the Report: –

Historical Period: 2017-2021

Forecast Period: 2022-2028F

For More Information on the Research Report, Click on the Below Link: – 

Global Ball Bearing Market Analysis

Contact Us: –

Ken Research

Support@kenresearch.com

+91-9015378249

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