According to a new market report published by Credence Research, Inc. Bearings Market (By End-use Application (Industrial Heavy Machinery (Construction and Mining, Agriculture), Automotive, Electronics and Electrical, Aerospace, and Other End-use Applications), By Type (Plain Bearings, Ball Bearings, Roller Bearings, and Others) - Growth, Share, Opportunities, Competitive Analysis, and Forecast 2016 - 2023, the global bearings market is expected to expand at a CAGR of 7.3% from 2016 to 2023, exceeding US$ 141.3 Bn by 2023.

Browse the full Bearings (By End-use Application (Industrial Heavy Machinery (Construction and Mining, Agriculture), Automotive, Electronics and Electrical, Aerospace, and Other End-use Applications), By Type (Plain Bearings, Ball Bearings, Roller Bearings, and Others) Market - Growth, Share, Opportunities, Competitive Analysis, and Forecast 2016 2023 report at http://www.credenceresearch.com/report/bearings-market

Product Insights:

A bearing is a machine element that is used to enable linear or rotational movement, while handling stress and reducing friction. Bearings enable machines/devices to roll, thereby reducing friction with the surface. Bearings reduce the friction by substituting sliding friction with rolling friction. Thus, they are widely used to provide superior linear motion or rotation around a fixed axis. The global market for bearings is highly matured and is poised to exhibit steady growth during the forecast period 2016 2023.

Competitive Insights:

The global bearings market is matured and concentrated. The top four bearing manufacturers account for the lions share in the global market.  GE SKF Group, NSK Ltd., The Timken Company, Schaeffler Technologies GmbH & Co. KG, and NTN Corporation are identified as the leading bearings manufacturers worldwide. Other manufacturers including Minebea Co. Ltd., Spyraflo, Inc., JTKET Corporation, Federal Mogul Corp., Brammer Plc, HKT Bearings Ltd., C&U Group Company Limited, and NBI Bearings Europe, S.A. among others have been marked as promising and emerging players in the global bearings market. The global market for bearings is price competitive. This has resulted in price wars, and is consequently leading to profit crunching. The innovations in the market are primarily directed towards the development of new materials (ex-silicon nitride ceramics). In addition, focus on developing efficient and application specific bearings is the prime strategy adopted by manufacturers in the market.

Key Trends:

• Revival of the construction industry post economic slowdown
• Increased Industrial Production and Agricultural Mechanization
• Increasing us of high performance raw materials such as silicon nitride ceramics
• Growing use of light weight bearings in automotive applications
• Growing use of hybrid bearings in aerospace applications

Browse the full Bearings (By End-use Application (Industrial Heavy Machinery (Construction and Mining, Agriculture), Automotive, Electronics and Electrical, Aerospace, and Other End-use Applications), By Type (Plain Bearings, Ball Bearings, Roller Bearings, and Others) Market - Growth, Share, Opportunities, Competitive Analysis, and Forecast 2016 2023 report at http://www.credenceresearch.com/report/bearings-market

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A bearing is a machine element that constrains relative motion to only the desired motion, and reduces friction between moving parts. The design of the bearing may, for example, provide for free linear movement of the moving part or for free rotation around a fixed axis; or, it may prevent a motion by controlling the vectors of normal forces that bear on the moving parts. Most bearings facilitate the desired motion by minimizing friction. Bearings are classified broadly according to the type of operation, the motions allowed, or to the directions of the loads (forces) applied to the parts.

Rotary bearings hold rotating components such as shafts or axles within mechanical systems, and transfer axial and radial loads from the source of the load to the structure supporting it. The simplest form of bearing, the plain bearing, consists of a shaft rotating in a hole. Lubrication is often used to reduce friction. In the ball bearing and roller bearing, to prevent sliding friction, rolling elements such as rollers or balls with a circular cross-section are located between the races or journals of the bearing assembly. A wide variety of bearing designs exists to allow the demands of the application to be correctly met for maximum efficiency, reliability, durability and performance.

Source: Wikipedia

What Are Bearings?

Bearings are highly engineered, precision-made components that enable machinery to move at extremely high speeds and carry remarkable loads with ease and efficiency.Bearings must be able to offer high precision, reliability and durability, as well as the ability to rotate at high speeds with minimal noise and vibration.Bearings are found in applications ranging from automobiles, airplanes, computers, construction equipment, machine tools, DVD players, refrigerators and ceiling fans.

If something twists, turns or moves, it probably has a bearing in it.

Ball Bearings:

Rolling function is provided by a ball

Low friction, high speed, light to medium loading

Light and general machine applications

Commonly found in fans, roller blades, wheel bearings, and under hood applications on cars etc.

Cylindrical & Needle Roller Bearings:

Where the rolling function is provided by a cylinder of some kind. May also be referred to as needle roller bearings (where length is much greater than diameter)

-Low friction, medium to heavy radial loading

Commonly found in general machine applications including gearboxes and transmissions, machine tool and construction equipment.

Tapered Roller Bearings:

A tapered version of a roller bearing is used for combined axial and radial loads, such as in wheel applications on trucks

Commonly found in heavy industrial, truck and wheel applications with combined radial and axial loads. Some examples are manual transmissions, gearboxes, power generation and other process equipment.

[Ref: americanbearings.org]

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