Bearings Industry 2015-2020

Hexa Reports

Market Research Reports and Insightful Company Profiles

Bearings Market Size, Share, Application Analysis,

Regional Outlook, Trends, Competitive Scenario and

Forecasts, 2012 To 2020

The global bearings market is expected to reach USD 117.27 billion by 2020. Growing need to address

energy efficiency in several application areas is expected to drive the bearings market. Technological

advancements along with investments in R&D activities are also expected to drive market demand over

the forecast period. Development of seal technologies, light weight elements in high performance

bearings and lubrication technologies offer several market growth opportunities. The aforementioned

technologies exhibit high energy efficiency characteristics. Bearings help reduce energy consumption by

reducing friction between several mechanical components in a wide range of industrial equipments and

machinery. For example, the new E2 bearings developed by SKF are reported to help reduce friction

significantly.

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Further key findings from the study suggest:

Ball bearings are expected to emerge as a high growth segment over the next few years as it exhibits the

capability to reduce friction owing to smaller surface contact. Furthermore, ball bearings can be used

with thrust as well as radial loading owing to their ability to spin smoothly. Deep groove bearings are

simple in design, non-separable and need low maintenance owing to which the segment is expected to

witness considerable growth over the next few years.

Hexa Reports

Market Research Reports and Insightful Company Profiles

Growing demand for auto components and automobiles is expected to fuel market demand over the

forecast period. The...