Mounted Bearing Market Size, Trends & Analysis with COVID-19 Impact - Forecasts to 2026 By Type of Product (Ball Bearing, Roller Bearing, Spherical, Cylindrical, Tapered, and Others) By Type of Housing (Plummer Block, Flanged Block, Take-up Block, and Others), By Type of End-Use Industries (Food & Beverage, Agriculture, Farm & Fish, Construction & Mining, Automotive, Chemical & Pharmaceutical, Energy, General Industrial & Machinery, Other Transportation, Pulp & Paper, and Others), By Type of Equipment (Ball Mill Drives, Fans & Blowers, Gearbox & Transmission, Conveyors, Crushers, Mixer Drives, and others), By type of Channel(OE Market and Aftermarket), By Type of Region (NA [North America], Europe, APAC [Asia Pacific], MEA [the Middle East & Africa], and CSA [Central & South America]), End-User Landscape, Vendor Landscape, Company Market Share Analysis & Competitor Analysis
Mounted Bearing Market Insights
The mounted bearing market is quoted to mark the peak growth during the forecast period (2020-2026). The mounted bearing is a motor component that drives relative action for the desired motion. The major purpose of a bearing is to reduce friction between the parts, serve regular rotation, machine assurance, sustaining the state of the rotating shaft. Bearings are mainly used in types of machinery, automobiles, and others. With the unfortunate impact of COVID-19, the industry has taken a downfall due to the shutting down of various corporations concerning the global lockdown. But the industries have recommenced production and activity to counterbalance the declines incurred and to administer the economy of numerous nations. Agriculture and F&B have assisted the growth of the market during these hostile conditions. Some of the determinants which supplemented the uplifting of the market are the requirement of specialized mounted bearing industries for long life, less maintenance, cost-curbing explications, high energy efficiency, increased development, reception of sensor-based bearing parts, and induction of advanced technologies such as IoT.
Mounted Bearing Market: By Type of Product
By product, the market is studied into roller bearings, cylindrical, tapered, ball bearing, and spherical, among others. The product seeming to empower the market would be ball bearing. The growing demand for the market in developing nations such as China, India, & Singapore, and the increased use of automation in sectors like food & beverage, and construction, rapid motorization, the desire for high capacity bearing solutions are booming the market.
Mounted Bearing Market: By Type of Housing
Bearing housings are contemporary arrangements signified for the smooth fitting of bearings and shafts along with bearings protection, operating life extension, and easy maintenance. The market ramification by Type of housing is Plummer Block, Flanged Block, Take-up Block, and Others. Flanged Block will occupy the major share in the market due to the surge in the utilization of bearings in railways, energy, and mills, ease of installation, reliability, uncomplicated maintenance, and higher vigorous enforcement.
Mounted Bearing Market: By Type of End-Use Industries
The end-use industries are generally categorized into industrial & machinery, chemical & pharmaceutical, food & beverage, construction & mining, automotive, agriculture, farm & fish, energy, and transportation among others. Automotive has been in the limelight for the exponential climb of the market for foregoing years. But food and beverage are anticipated to make momentous propagation during the forecast period. Regulation of conveyors, gears, & mixers concerning food packaging & processing for easy operation, lesser dependency on manpower, higher reliability, pleasanter production efficiency is the acknowledgments sprouting the market.
Mounted Bearing Market: By Type of Equipment
By type of equipment, the market is categorized into mixer drives, fans & blowers, ball mill drives, conveyors, crushers, gearbox & transmission, conveyors, and crushers, among others. Conveyors are termed to make impeccable expansion in the market due to the extensive use by various industries and verticals such as mining, construction, transportation, machinery, automotive, manufacturing, & paper, and efficient commutation of light, medium & bulk goods. The size of the conveyor is directly proportional to the usage of bearing that works as a relevant attribute to the market.
Mounted Bearing Market: By Type of Channel
Based on channels, the market is segregated into OE Market and Aftermarket. OE market is set to make a remarkable contribution to the growth of the market with the aid of factors such as inflation in motor electrification, awareness in the importance of green energy, desire for efficient machinery, and mitigation of operational mechanical losses.
Mounted Bearing Market: By Region
Based on the geophysical review, the market can be segmented as NA (North America), APAC (Asia-Pacific), Europe, MEA (the Middle East & Africa), and CSA (Central & South America). North America has been waxing through the times due to foremost bearing firms established in North America. But the Asia Pacific is seen to have a prodigious inclination because of rapid motorization, influential aftermarket for equipment repair, robust mining & construction industries reforming as pilots of the global market.
Mounted Bearing Market Share and Competitor Analysis
The chief players in the global market are ABB, AB SKF, The Timken Company, NSK Ltd., Schaeffler Technologies AG & Co. KG, NTN Bearing Corporation, Rexnord Corporation, Regal Beloit Corporation, PT International (PTI), Jones Bearing Company, Asahi Seiko Co. Ltd., Fyh Inc., and many diverse businesses.
Please note: This is not an exhaustive list of companies profiled in the report.
In June 2019, ABB launched its new mounted bearings called “Dodge Safety Mount spherical roller bearings”. The main feature of the bearing is the built-in patented locking mechanism that diminishes installation time by 75%. The application can be seen in bulk material and air handling.
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The Global Mounted Bearing Market has been studied from the year 2017 till 2026. However, the CAGR provided in the report is from the year 2018 to 2026. The research methodology involved three stages: Desk research, Primary research, and Analysis & Output from the entire research process.
The desk research involved a robust background study which meant referring to paid and unpaid databases to understand the market dynamics; mapping contracts from press releases; identifying the key players in the market, studying their product portfolio, competition level, annual reports/SEC filings & investor presentations; and learning the demand and supply side analysis for the Mounted Bearing Market.
The primary research activity included telephonic conversations with more than 50 tier 1 industry consultants, distributors, and end-use product manufacturers.
Finally, based on the above thorough research process, an in-depth analysis was carried out considering the following aspects: market attractiveness, current & future market trends, market share analysis, SWOT analysis of the companies and customer analytics.
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