Mounted Bearing Market

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.

Check the Press Release on Mounted Bearing Market Report