Veterinary Vaccines Market to Grow at a Robust Pace During 2021-2026

Jan 12, 2022/IndustryNewsGlobal/ The unexpected shifts in the global markets because of the sudden outbreak of the COVID-19 virus have brought many major and minor tremors to industries of all sizes including the Self-Lubricating Composite Bearings Market.

It was estimated prior to this unanticipated outbreak that the Self-Lubricating Composite Bearings Market is projected to witness an impressive CAGR of >7% over the next five years, driven by its several advantages, such as high strength, low life cycle cost, low maintenance cost, excellent dimensional stability in high-temperature areas, and no requirement for lubrication. Additionally, increasing demand for lightweight components across industries would further propel the demand for composite bearings over the next five years.

This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.

By Reinforcement Type

Global self-lubricating composite bearings market is segmented based on reinforcement type as metal matrix and fiber matrix. Metal matrix is expected to remain the dominant reinforcement type in the global self-lubricating composite bearings market over the next five years, driven by its excellent strength as compared to metal bearings. This reinforcement type is also expected to register the highest growth in the same period.

By End-Use Industry Type

Global self-lubricating composite bearings market is further segmented based on end-use industry type as aerospace & defense, transportation, construction & mining equipment, agriculture, marine, and others. Construction & Mining equipment currently dominates the global self-lubricating composite bearings market and is projected to remain the largest end-use industry type during the forecast period of 2020 to 2025, driven by its several advantages, such as non-lubrication, low-maintenance, high strength, and an excellent dimensional stability in high temperature. Other major end-use industries, such as transportation, aerospace & defense, and agriculture, are also projected to create a healthy demand for composite bearings over the next five years.

Regional Insights

North America is expected to remain the largest market for self-lubricating composite bearings over the next five years as the region registers the utmost presence of composite bearing manufacturers and raw material manufacturers. Asia-Pacific is estimated to witness the fastest growth in the composite bearings market during the forecast period. Increasing investment in infrastructure projects, high focus on agriculture, upcoming commercial and regional aircraft, increasing automobile production, and high investment in high-speed rail projects are driving the Asia-Pacific’s self-lubricating composite bearings market in the Asia-Pacific region. China and India are projected to act as the growth engines of this region.

Key Players:

Key players operating in the global Self-Lubricating Composite Bearings market are-

• Schaeffler Group,
• Saint-Gobain,
• Trelleborg Group,
• Rexnord Corporation,
• Polygon Company,
• HyComp LLC,
• Tiodize Co.,
• TriStar Plastic Corp.,
• Spaulding Composites,
• AST Bearings

Features of the Report

This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools.

The Self Lubricating Composite Bearings analysis report discusses the following heads in great detail:

• Market structure: Overview, industry life cycle analysis, supply chain analysis
• COVID-19 Impact Assessment
• Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
• Market trend and forecast analysis
• Market segment trend and forecast
• Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
• Attractive market segments and associated growth opportunities
• Emerging trends
• Strategic growth opportunities for the existing and new players
• Key success factors 

Know more about Stratview Research:

Stratview Research is a global market research company and is known to offer custom research reports in varied fields such as aerospace & Defense, Advanced Materials, Aerospace & Defense, Automotive & Mass Transportation, Consumer Goods, Construction & Equipment, Electronics and Semiconductors, Energy & Utility, Healthcare & Life Sciences, and Oil & Gas. Our team makes sure to have deep research about the topics so that the most useful insights can be delivered to the professionals.

Need a detailed report? Get in touch with us: 

Stratview Research

E-mail: sales@stratviewresearch.com

Direct: +1-313-307-4176

Sep 22, 2021/IndustryNewsGlobal/ The unexpected shifts in the global markets because of the sudden outbreak of the COVID-19 virus have brought many major and minor tremors to industries of all sizes including the Automotive Bearings Market.

It was estimated prior to this unanticipated outbreak that the Automotive Bearings Market was expected to reach an estimated value of US$ 18.31 billion during the forecast period. However, the gradual slowing down of industries will undoubtedly impose limits on the previously estimated growth rate.

In the automotive industry, bearings are used to enable rotational or linear movement while reducing friction and handling stress. Bearings are usually designed to bear axial, radial, or a combination of both loads. The structure of bearing consists of rolling elements and inner and outer races. This assembly allows one part to bear another in automobiles. When selecting a bearing for a particular application, factors like bearing friction, temperature, and lubrication along with the design and construction of the bearing need consideration.

Based on the vehicle type, we have segmented the market as passenger vehicle, LCV, and MHCV. Passenger vehicle is expected to maintain its indubitable lead till 2026, driven by a sustained increase in urban demand, rising consumer disposable income, increasing motorization rate, and reasonably higher production of passenger cars than commercial vehicles. Among all vehicles, passenger vehicle was least affected in 2020 and is expected to register the fastest recovery followed by LCV. In passenger car, electric vehicle is estimated to record a brilliant growth trajectory in the coming years.

Based on the bearing type, we have classified the market as ball bearing, roller bearing, and plain bearing. Ball bearing is likely to remain the dominant bearing type in the market till 2026, given its characteristics of efficient functioning at higher speed as compared to roller bearings and ability to bear both radial and axial load in moderate amounts.

Based on the type of material, we have classified the market as metallic, non-metallic, and hybrid. Metallic bearing is projected to maintain its invincible lead in the market till 2026, propelled by its ability to sustain in applications involving extremely high loads and fast rotations per minute (rpm). Stainless steel is the most widely used bearing material type, its excellent corrosion- and temperature-resistant properties make it superior to other competing materials. The non-metallic bearing type is anticipated to make the fastest recovery in the post-pandemic market developments, closely followed by hybrid bearing.

All regions registered massive downfalls in 2020 in the wake of the pandemic. Asia-Pacific registered the minimum loss in 2020 and is projected to maintain its lead in the global market during the study. China, India, and Japan, with a majority of the world’s population, are creating a massive demand for vehicles, which, in turn, is causing a stir in the region’s automotive bearings market. The Chinese automotive industry is witnessing an advanced recovery after the strategic and efficient control of the COVID-19 outbreak. North America and Europe are also likely to bounce back, creating a healthy demand in the years to come.

Key Players:

Key players operating in the global Automotive Bearings market are-

• Schaeffler Group
• AB SKF
• NSK Ltd.
• NTN Corporation
• JTEKT Corporation
• The Timken Company

Features of the Report

This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools.

The Automotive Bearings analysis report discusses the following heads in great detail:

• Market structure: Overview, industry life cycle analysis, supply chain analysis
• COVID-19 Impact Assessment
• Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
• Market trend and forecast analysis
• Market segment trend and forecast
• Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
• Attractive market segments and associated growth opportunities
• Emerging trends
• Strategic growth opportunities for the existing and new players
• Key success factors 

Know more about Stratview Research:

Stratview Research is a global market research company and is known to offer custom research reports in varied fields such as aerospace & Defense, Advanced Materials, Aerospace & Defense, Automotive & Mass Transportation, Consumer Goods, Construction & Equipment, Electronics and Semiconductors, Energy & Utility, Healthcare & Life Sciences, and Oil & Gas. Our team makes sure to have deep research about the topics so that the most useful insights can be delivered to the professionals.

Need a detailed report? Get in touch with us: 

Stratview Research

E-mail: sales@stratviewresearch.com

Direct: +1-313-307-4176

Feb 22, 2021/IndustryNewsGlobal/--The unexpected shifts in the global markets because of the sudden outbreak of the COVID-19 virus have brought many major and minor tremors to industries of all sizes including Bearings Market.  

It was estimated prior to this unanticipated outbreak Bearings Market will reach CAGR of 7.2% during the forecast period. However, the gradual slowing down of industries will undoubtedly impose limits on the previously estimated growth rate.

Bearings Market Insights

Bearings Market is likely to witness an impressive CAGR of 7.2% during the forecast period. Surge in vehicle sales and increasing adoption of electric and connected vehicles, introduction of advanced high capacity wheel bearings along with enhanced lubricating performance, and growing demand for specialized bearing solutions to fulfill industry-specific requirements, such as gas meters, medical imaging equipment, and flight support systems are some of the major factors driving the market growth during the forecast period.

Market Share Analysis

Bearings Market Share: By Product Type

Based on the product type, the market is segmented as ball bearing and roller bearings. The ball bearing segment is projected to hold the major share of the market during the forecast period as it offers excellent features, such as friction reduction, high durability, load carrying capability, facilitating motion and position of moving machine parts, and cost-effective replacement. It has a simple design and possesses shield sealing which causes prevention of lubricants leakage and help in avoiding entry of foreign particles into the casing that minimizes the maintenance cost, fueling the segment’s growth during the forecast period. Also, the ball bearing segment is further divided into deep groove ball bearings and others, out of which, deep groove balls are estimated to witness significant growth rate in the market during the forecast period owing to their simple design, low friction, and low maintenance cost features.

Bearings Market Share: By Application Type

Based on the application type, the market is segmented as automotive, agriculture, electrical, mining & construction, railway & aerospace, automotive aftermarket, and others. Automotive is estimated to be the dominant application type of the market during the forecast period owing to growing vehicle sales and increasing demand for various automotive moving parts which need bearing to function. Bearing finds a wide range of application in the automotive industry, such as in gearboxes, transmissions, engines, steering, pumps, wheels, and electrical motors, boosting the product demand in the market over the forecast period.

Bearings Market Share: By Region

In terms of regions, Asia-Pacific is estimated to be the dominant region in the market with China, Japan, India, and South Korea being the major countries providing lucrative growth opportunities with increasing investments in the automotive industry during the forecast period. Also, other factors, such as easy availability of raw materials and cost-effective manufacturing along with the presence of various industry participants in the region is further expected to fuel the product demand in the bearings market over the forecast period. Europe and North America are also expected to offer substantial growth opportunities during the forecast period.