Bearings are used as a mechanical component to transfer the power and to move a certain part, and this is done by utilizing the small frictional force of the bearings, which makes them rotate easily (or move in one direction easily), all the while withstanding the force and weight load acting against them.
There are quite a lot of types bearings are used for steel industry; in summary, three types, Cylindrical Roller Bearings, Spherical Roller bearings and Tapered Roller Bearings are the most common used types. Based on market value, Cylindrical Roller Bearings have the largest market share, about 35% in 2017.
At present, the manufactures of bearing for steel industry are concentrated in Europe, Japan, North America and China. China is the largest market of bearings for steel industry in the world, driven by the huge steel production capacity in China. The following areas are Europe and North America. The global leading players in this market are SKF, JTEKT, Schaeffler and NSK.
The market competition of bearings for steel industry is fierce; Investment and technology thresholds are relatively high. For companies that are interested in entering the industry, we suggest that we must do a good job of pre-investigating and fully analyze their advantages and disadvantages.
According to this study, over the next five years the Bearing for Steel market will register a 1.7% CAGR in terms of revenue, the global market size will reach USD 1950 million by 2024, from USD 1760 million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in Bearing for Steel business, shared in Chapter 3.
This report presents a comprehensive overview, market shares, and growth opportunities of Bearing for Steel market by product type, application, key manufacturers and key regions and countries.
This study considers the Bearing for Steel value and volume generated from the sales of the following segments:
Segmentation by product type: breakdown data from 2014 to 2019, in Section 2.3; and forecast to 2024 in section 11.7.
Cylindrical?Roller?Bearings
Spherical?Roller?bearings
Tapered?Roller?Bearings
Others
Segmentation by application: breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 11.8.
Steel Making Process
Continuous?Casting?Process
Rolling?Mills?Process
This report also splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8.
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Spain
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report: Breakdown data in in Chapter 3.
SKF
JTEKT
Schaeffler
NSK
Timken
NTN
ZWZ
NACHI
C&U GROUP
ZYS
In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.
Research objectives
To study and analyze the global Bearing for Steel consumption (value & volume) by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
To understand the structure of Bearing for Steel market by identifying its various subsegments.
Focuses on the key global Bearing for Steel manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Bearing for Steel with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the consumption of Bearing for Steel submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.
