Covered in this Report
• This report covers the present scenario and the growth prospects of the global bearings market for the period 2015–2019.
• Technavio's report, Global Bearings Market 2015-2019, has been prepared based on in-depth market analysis with inputs from industry experts.
• The report covers the Americas, APAC, and EMEA; it also covers the landscape of the global bearings market and its growth prospects in the coming years.
• The report includes a discussion of the key vendors operating in this market.
Global Bearings Market 2015-2019
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Market Overview• Bearings are machine elements used to reduce the
energy loss caused by friction in the rotary motion parts of a broad range of equipment and machinery.
• Industries such as automotive, aerospace, heavy engineering, railways, shipbuilding, defence, die mold and part manufacturing, machine tool, healthcare, and consumer durables make extensive use of ball bearings.
• The prospects for the market growth of bearings are closely linked to growth in the production of high-performance industrial equipment and machinery.
• Technavio's analysts forecast the global bearings market to grow at a CAGR of 7.94% over the period 2014-2019.
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Key Vendors and Regions
• SKF
• Schaeffler
• Timken
• NSK
• TNT
• JTEKT
• Daido Metal
• GGB Bearing Technology
• Miba
View Our Report: Global Bearings Market 2015-2019
• Americas
• EMEA • APAC
Vendors Regions
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Key Findings
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• Globalization and a lack of product differentiation have boosted competition between market vendors to attain larger market shares.
• Manufacturers continuously act to add new features and functionalities to their products in a bid to enhance product performance and capabilities.
• Bearings geared with sensor units are used to boost operational performance.
• Such bearings help enterprises digitally monitor axial movements, pay loads, speed of rotation, acceleration, and deceleration.
• The load-bearing capacity and other related data retrieved from the sensor can be analyzed to determine the life of bearings.
• So the data collected by the bearing sensors help engineers and operators develop better-quality products.
• Top bearings manufacturers invest significantly in R&D to promote innovation and effectively position and differentiate their products in the market.
Key Questions Answered in Our Report
• What will the market size be in 2019 and what will the growth rate be?
• What are the key market trends?
• What is driving this market?
• What are the challenges to market growth?
• Who are the key vendors in this market space?
• What are the market opportunities and threats faced by the key vendors?
• What are the strengths and weaknesses of the key vendors?
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• Technavio was founded in 2003 in London. We have about 300 analysts globally. We cover more than 500 technologies across 80 countries. Traditional media such as Forbes Asia and New York Times, along with other web media portals, like to quote us.
About Technavio
Some of our clients include:ACT Global, Flextronics, Huawei Technologies Co, Infosys, Harris Corporation, Infosys, Intercad, Hidaka Precision Tools & Dies Company, Huawei Technologies Co, American Capital, Analysis Group, Netscout, NTT DoCoMo
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Global Bearings Market 2015-2019 82 Pages | SKU: IRTNTR6592
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