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Industry Research News: Mounted Bearing Market by 2025

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Industry Research News: Mounted Bearing Market by 2025

November 10
21:16 2020
Industry Research News: Mounted Bearing Market by 2025

Mounted Bearing Market
The mounted bearing market is driven by the adoption of mounted bearings in numerous industries; increased efficiency and long life with fewer maintenance requirements of mounted bearing; growing demand for specialized bearings for cost optimization; and increasing development and adoption of sensor-based bearing units and IoT.

According to the new market research report “Mounted Bearing Market by Product, Market Channel, Housing, Equipment, End-use Industry (Agri, Transportation, Construction & Mining, F&B, Chemical & Pharma, Energy, General Industrial, Pulp & Paper, Others) and Region – Global Forecast to 2025” Published by MarketsandMarkets™, Mounted Bearing Market size is projected to grow from USD 1.4 billion in 2020 to USD  1.9 billion by 2025, at a CAGR of 5.8%.

Mounted units provide a multitude of application and service options to end users. A mounted unit is typically a ball or roller bearing set into a housing. These units can be designed for standard ball bearings, roller bearings, and even split bearings that allow easier mounting. They are primarily employed in both, light- and heavy-duty industries ranging from construction and mining to conveyors on a food processing line.

Browse in-depth TOC onMounted Bearing Market

100 – Tables
92 – Figures
211 – Pages

The COVID-19 pandemic is expected to have a slight impact on the Mounted Bearing Market. Mounted bearings have huge potential in the process industry, paper industry, and furniture industries. Companies such as Greenply, Action Tesa and Asahi Glass are immensely reliant upon mounted bearing for material transfer and handling. Impact of COVID-19 will be higher on bigger bearings and lower on smaller bearings since the production and sales in discrete industries like cement, mining, etc have been slow lately due to lockdowns all around the world.

Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=227619352

Asia Oceania is expected to be the largest market during the forecast

China is the largest automobile market in the world. OEMs such as Toyota, Honda, Volkswagen, Daimler, and Nissan have large-scale production bases in the country. Increasing focus on innovation has encouraged OEMs to address a wide array of consumer preferences in the region.

Growing focus on infrastructure developments to accommodate the growing population would represent a suitable business environment for manufacturers in the steel, cement, and metal processing sectors. As a result, industrial machinery producers would witness major growth opportunities post 2020 as the economy in the region rebounds. Major economies are expected to outline economic packages to boost the growth of small and medium companies to combat the downward economic trend due to the COVID-19 pandemic.

Food & beverage segment is expected to have the largest market during the forecast

Food & beverage industry is estimated to be the largest market of mounted bearing by end-use industry type owing to the sustainable growth of the industry, the increasing adoption of equipment, and growing automation in food processing and packaging. Equipment such as gearbox & transmission, fans & blowers, conveyors, and mixer drives are used in the food processing & packing industry. The demand for such equipment is expected to grow owing to the increasing automation, development of advanced equipment, and efforts to increase production efficiency and reduce errors in the food & beverage industry. Customized or specific mounted bearings are widely used in the food & beverage industry.

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Ball bearing segment is expected to be the fastest growing market during the forecast period

Mounted ball bearings are composed of rolling elements that separate the inner and outer rings of a bearing. These bearings enable smooth operation, high-speed motion, and reduced friction and can sustain both, radial and axial loads. Mounted ball bearings are developed for varying applications, load types, and speeds. The mounted ball bearings segment is projected to grow at a significant rate in the coming years. Asia Oceania is projected to be the largest and fastest-growing regional market during the forecast period. The growth of the market here is driven by sustainable growth in the food & beverage and agriculture industries.

The global Mounted Bearing Market is dominated by major players such as SKF (Sweden), Schaeffler ( Germany), THE TIMKEN COMPANY (US), NSK (Japan), and ABB (Switzerland), PT International (US), Jones Bearing Company (US), NTN (Japan), FYH Inc.(Japan), Emerson Bearing Company (US), Jones Bearing Company (US), and JTEKT Corporation (Japan), among others.

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledgestore” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
Email: [email protected]
Research Insight: https://www.marketsandmarkets.com/ResearchInsight/mounted-bearing-market.asp

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Contact Person: Mr. Aashish Mehra
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Phone: 18886006441
Address:630 Dundee Road Suite 430
City: Northbrook
State: IL 60062
Country: United States
Website: https://www.marketsandmarkets.com/Market-Reports/mounted-bearing-market-227619352.html