What is Needle Roller Bearing Market Scope?
A needle roller bearing market has a high growth due to growth in the automobile sector in developing countries. This bearing uses small cylindrical rollers to reduce the friction of a rotating surface. There are many different designs of needle roller bearing, including drawn cup, thrust roller, precision race, and caged roller.
The Needle Roller Bearing market study is being classified, by Application (Automotive Industry, Industrial Machine, Aerospace Industry and Others) and major geographies with country level break-up.
Analysts at AMA predicts that Manufacturers from United States will contribute to the maximum growth of Global Needle Roller Bearing market throughout the predicted period.
AB SKF (Sweden), Schaeffler Technologies AG & Co. KG (Germany), NSK Ltd (Japan), Timken Company (United States), JTEKT Corporation (Japan), NTN Corporation (Japan), Federal-Mogul Corporation (United States), Nachi-Fujikoshi Corp (Japan), Rexnord Corporation (United States), C&U Group Ltd (China) and MinebeaMitsumi, Inc (Japan) are some of the key players profiled in the study. Additionally, the Manufacturers which are also part of the research are Harbin Bearing (China) and Tri-Ring (China).
Segmentation Analysis
Analyst at AMA have segmented the market study of Global Needle Roller Bearing market by Type, Application and Region.
On the basis of geography, the market of Needle Roller Bearing has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Market Influencers and their development strategies
In Sept 2019, MINEBEA MITSUMI Inc. announced that Precision Motors Deutsche Minebea GmbH, a European subsidiary, completed on September 26 the acquisition of Mast Kunststoffe GmbH & Co.KG which manufactures precision mold parts in Germany, and Mast Verwaltungsgesellschaft mbH which is a management-service trust company.
In Feb 2019, JTEKT Corporation has developed a next-generation long-life bearing (NK bearing) for the use in harsh conditions mainly on agricultural and construction machinery. Through the optimization of material components and heat treatment conditions, we have succeeded in achieving a further long life with improved robustness. and .
Influencing Market Trend
- Rising Demand for Electric Vehicles
Market Drivers
- Demand for Internal Combustion Engine Vehicles
- Government Stringent Regulation related to Automotive Noise, Vibration and Harshness Standards
Opportunities
- Increasing Research and Development Activites for Innovation in the Product
- Growth in the Automotive Sector in Developing Countries
Restraints
Challenges
- Complex Maintenance Operation
- Availability of Counterfeit Products
Key Target Audience
Needle Roller Bearing Manufacturers, Needle Roller Bearing Suppliers/Distributors, Raw Material Suppliers, Potential Investors and End-User Industry
Customization available in this Study:
The Study can be customized to meet your requirements. Please connect with our representative, who will ensure you get a report that suits your needs.
To compete effectively, companies also require quantitative estimates of the future growth and qualitative nature of the market. AMA Research features not just specific market sizing estimates, but also include significant value-added commentary on Technological Trends and Innovations, Regulatory Policies, Market Maturity Indicators, Market Share Movements, New Entrants into the Market & Entry/Exit Barriers, Consumer Demographics, Supporting Company Financial and Cash Flow Planning, Open Up New Markets , To Seize Powerful Market Opportunities, Key Decision in Planning and to Further Expand Market Share, Identify Key Business Segments, Market Proposition & Gap Analysis.