Description

This research service offers insight into the global bearings market, key trends, revenue generated by region, and growth areas until 2026, and action items for vendors to enable/retain/improve revenue shares. Though the pandemic disrupted the supply chain, it has made savings more important. This study also takes a quick look at sustainability and net zero initiatives in this industry. Though the geographic scope includes North America, Latin America, Europe, Middle East and Africa, and Asia-Pacific, country-level data is provided wherever possible. The study analyzes the role of Industrial Internet of Things (IIoT) and digital transformation, maintenance, and energy efficiency, while arriving at forecasts.

Several participants are already leveraging technology to ensure low power consumption and emission. Key vendors in the bearings market include SKF, Schaeffler, Timken, NTN, and NSK Ltd.

The target audience for this research service are bearings manufacturers who would like to understand the factors (drivers and restraints) that have an impact on market growth and trends across regions. End users in the process, food and beverage, construction, material handling, mining, metal works, and automotive industry verticals are covered.

Author: Krishnan Ramanathan