are highly engineered mechanical components which helps the machine to move in desired directions with extreme speed and low friction. With the help of these bearings, a machine can carry heavy loads with ease and high efficiency. Bearings have wide range of applications in both mechanical and electrical equipment such as automobiles, ceiling fans, refrigerators and many other products. Among the all, ball bearings are the commonly used bearings. These bearings are designed to minimize rotational friction and carry radial and axial loads.
The Global Bearings for Mechanical and Electrical Products Market
is segmented By Types, Motion, Load and Applications. According to types, bearing are classified as Ball Bearings, Roller Bearings, Plain Bearings, Fluid Bearings and Others. The commonly permitted motions by these bearings are Axial, Linear, Spherical, Hinge and Other motions. Bearings can support both Radial and Axial loads. These bearing mainly have applications in Oil & Gas Industry, Aerospace, Mining Industry, Power Generation, Automotive and several other industries.
Automotive industry is the predominant end-user industry for Global Bearings for Mechanical & Electrical Products Market followed by Material Handling Equipment. The essential part of all vehicles that are engine, steering and driveshaft operate efficiently with help of bearings. Europe has major players of automotive manufacturers such as BMW AG, AUDI AG, Mercedes-Benz and so on. Thus, it is the leading market region for the Bearings for Mechanical and Electrical Products Market. Countries like U.K. and Germany Laos have many material handling manufacturing industries where bearings are utilized to a great extent. North America and Asia-Pacific are other predominant regions for this market.
Sample Companies Profiled in this Report are:
- Schaeffler AG (Germany),
- SKF AB (Sweden),
- NSK Ltd. (Japan),
- The Timken Company (U.S.),
- NTN Corporation (Japan),
Rexnord Corporation headquartered in U.S. is another leading company of this market.
The data has been collected from various secondary and primary sources. Data has also been gathered from many manufacturing associations like Bearing Specialists Association, American Bearing Manufacturers Association and others. Many interviews were conducted to collect information from the managers and senior executives to analyze the whole market.