Tapered Roller Bearing Market - Forecast(2019 - 2024)

Report Code: AIR 0333 Report Format: PDF + Excel (Delivery in 48 Hrs)

Overview

The Tapered Roller Bearing Market is forecast to reach $112.45 billion by 2025 and is estimated to grow at a CAGR of 5.42% during the forecast period 2019-2025. The growth of the market is attributed to advantages offered by this set of bearings in terms of the high load-bearing capacity and extended bearing life due to lower frictional losses. APAC region held a majority of the share in the Tapered Roller Bearing Market owing to the high industrial activity in the region with significant usage of large machinery and equipment.

Report Coverage

The report: “Tapered Roller Bearing Market – Forecast (2019-2025)”, by IndustryARC covers an in-depth analysis of the following segments of the market.


Key Takeaways

· The Tapered Roller Bearing Market is moderately consolidated with the top four players accounting for nearly 40% of the total market. The major players in the market include Timken Company, SKF, NTN Corporation, JTEKT Corporation, and others.

· The automotive tapered roller bearing market is anticipated to grow at a CAGR over 5.63% during the forecast period. The market growth in the forecast period is anticipated to be restricted by the increasing acceptance for the electric vehicles, which has a relatively lower number of rotary parts and thereby limiting the number of bearings used.

· APAC is the biggest market for the tapered roller bearing market due to high production activity in the China region. The number of tapered roller bearings produced in China grew over 50% from 2015 to 2017.

By Type – Segment Analysis

Double row tapered roller bearings are anticipated to have prominent growth in the forecast period 2019-2025. This is owing to the advantages that these type of bearings possess over the others in terms of handling both the radial and axial thrust loads simultaneously as well as handling the axial loads in both the directions. The double row tapered roller bearings find a wide range of applications in gearboxes, hoisting equipment, rolling mills, and others. The market for the double row tapered roller bearings is driven by the claims in construction and mining machinery. Rising urbanization globally and the resulting increase in the construction activity is set to burgeon the demand for the construction equipment. This will provide excellent growth opportunities for the double row tapered roller bearings market.

End-User Industry - Segment Analysis

The automotive industry is one of the significant end-users of the tapered roller bearing, and it is anticipated to grow at a CAGR of 5.63% in the forecast period. Tapered roller bearings find applications such as transmission wherein the bearings are used in axle drive pinions for supporting the drive pinion gear shafts. However, the growing demand for electric vehicles around the world owing to the surging fuel prices and increasing environmental concerns is expected to hamper the growth of the automotive tapered roller bearing market.

Geography - Segment Analysis

Asia Pacific (APAC) is the biggest market for the tapered roller bearings with a region share of 46.47% in 2018 and is anticipated to grow the fastest in the forecast period. The market in this region is primarily driven by soaring automotive production activity. According to the U.S. International Trade Commission, the production of the tapered roller bearings in China had increased from 22 million in 2015 to over 33 million in 2017. However, the high presence of counterfeit products is anticipated to limit the growth of the market in the region by lower consumer confidence.

Drivers - Tapered Roller Bearing Market

·         Lower Frictional Losses

The tapered roller bearings are known for the lower frictional activity during operation. This is highly desired in the industrial environment as the energy costs account for a significant portion of industry operation costs. Additionally, the lower frictional losses also help in maintaining a longer bearing life. Long bearing life is highly looked-for in industrial applications as the downtime costs are extremely high.

 

·         Increasing Industrial Machinery Production

Tapered roller bearings find a wide range of applications in the industrial machinery owing to high load-bearing capacity. With the growing focus of the governments towards strengthening the manufacturing sector, the local manufacturing activity is anticipated to increase, driving the demand for industrial machinery. The global industrial machinery market is anticipated to grow over $1.8 trillion by 2022. This is set to impact the market for tapered roller bearing market positively.

Challenges – Tapered Roller Bearing Market

·         Limited to Low-Speed Applications

The market for the tapered roller bearings is limited by the high heat-dissipating nature of the bearings in high-speed applications. This limits the application of these bearings to high load and low-speed applications such as heavy machinery and industrial equipment. In high-speed applications, the tapered roller bearings find strong competition from the ball bearings that exceed the speeds of the tapered roller bearings and also generate relatively lower heat.

Market Landscape

Partnerships and acquisitions, along with product development and up-gradation, are the key strategies of the players in the Tapered Roller Bearing Market. The Tapered Roller Bearing Market is moderately consolidated with the top five players accounting for nearly 40% of the total market. The major players in the market include Timken Company, SKF, NTN Corporation, JTEKT Corporation, and others.

Partnerships/Mergers/Acquisitions

Ø In August 2018, Timken Company has completed the acquisition of ABC bearings which is a manufacturer of tapered roller bearings. This will strengthen the position of Timken’s position in the market.

Ø In October 2018, Indian entities NA Bearings India Private Limited and LuK India Private Limited merged into Schaeffler India Ltd making the combined entity with over 3000 workforces and $550 million revenue.

R&D Investments/Funding

Ø In November 2017, Schaeffler India Ltd announced an investment of $29 million towards the set-up of a new manufacturing plant in Pune, India. Investments as such help the company improves its market in the country.

Ø In June 2017, Timken opened its new manufacturing facility of tapered roller bearings in Prahova, Romania. This has helped the company expand its production capacity and global footprint.

Tapered Roller Bearing Market Research Scope:

The base year of the study is 2018, with forecast done up to 2025. The study presents a thorough analysis of the competitive landscape, taking into account the market shares of the leading companies. These provide the key market participants with the necessary business intelligence and help them understand the future of the Tapered Roller Bearing Market. The assessment includes the forecast, an overview of the competitive structure, the market shares of the competitors, as well as the market trends, market demands, market drivers, market challenges, and product analysis. The market drivers and restraints have been assessed to fathom their impact over the forecast period. This report further identifies the key opportunities for growth while also detailing the key challenges and possible threats. The key areas of focus include the types of Tapered Roller Bearing Market, and their specific applications in automotive, heavy machinery, construction, mining, aviation, and others.

1. Tapered Roller Bearing Market - Overview
    1.1. Definitions and Scope
2. Tapered Roller Bearing Market - Executive summary
    2.1. Market Revenue, Market Size and Key Trends by Company
    2.2. Key Trends by type of Application
    2.3. Key Trends segmented by Geography
3. Tapered Roller Bearing Market 
    3.1. Comparative analysis
        3.1.1. Product Benchmarking - Top 10 companies
        3.1.2. Top 5 Financials Analysis
        3.1.3. Market Value split by Top 10 companies
        3.1.4. Patent Analysis - Top 10 companies
        3.1.5. Pricing Analysis 
4. Tapered Roller Bearing Market – Startup companies Scenario Premium
    4.1. Top 10 startup company Analysis by
        4.1.1. Investment
        4.1.2. Revenue
        4.1.3. Market Shares
        4.1.4. Market Size and Application Analysis
        4.1.5. Venture Capital and Funding Scenario
5. Tapered Roller Bearing Market – Industry Market Entry Scenario Premium
    5.1. Regulatory Framework Overview
    5.2. New Business and Ease of Doing business index
    5.3. Case studies of successful ventures
    5.4. Customer Analysis – Top 10 companies
6. Tapered Roller Bearing Market Forces
    6.1. Drivers
    6.2. Constraints
    6.3. Challenges
    6.4. Porters five force model
        6.4.1. Bargaining power of suppliers
        6.4.2. Bargaining powers of customers
        6.4.3. Threat of new entrants
        6.4.4. Rivalry among existing players
        6.4.5. Threat of substitutes 
7. Tapered Roller Bearing Market -Strategic analysis
    7.1. Value chain analysis
    7.2. Opportunities analysis
    7.3. Product life cycle
    7.4. Suppliers and distributors Market Share
8. Tapered Roller Bearing Market – By Type (Market Size -$Million / $Billion)
    8.1. Market Size and Market Share Analysis 
    8.2. Application Revenue and Trend Research
    8.3. Product Segment Analysis
        8.3.1. Single-Row
        8.3.2. Double-Row
                8.3.2.1. TDO
                8.3.2.2. TDI
                8.3.2.3. TDIE
        8.3.3. Four-Row
9. Tapered Roller Bearing Market – By Size (Market Size -$Million / $Billion)
    9.1. Market Size and Market Share Analysis 
    9.2. Application Revenue and Trend Research
    9.3. Product Segment Analysis
        9.3.1. <200mm
        9.3.2. 200-300mm    
        9.3.3. 300-600mm
        9.3.4. >600mm
10. Tapered Roller Bearing Market – By End-User Industries (Market Size -$Million / $Billion)
    10.1. Segment type Size and Market Share Analysis
    10.2. Application Revenue and Trends by type of Application
    10.3. Application Segment Analysis by Type
        10.3.1. Introduction
        10.3.2. Automotive
                10.3.2.1. Axle systems
                10.3.2.2. Gear box
                10.3.2.3. Engine motors
                10.3.2.4. Reducers
                10.3.2.5. Others 
        10.3.3. Heavy-Machine
                10.3.3.1. Crushers
                10.3.3.2. Conveyors
                10.3.3.3. Piling
                10.3.3.4. Others  
        10.3.4. Construction
                10.3.4.1. Powertrain chassis
                10.3.4.2. Work tools & attachments
        10.3.5. Mining
                10.3.5.1. Drill rigs
                10.3.5.2. Tunnel boring machines
                10.3.5.3. Shearer Loaders
                10.3.5.4. Continuous miner
        10.3.6. Aviation
                10.3.6.1. Aircraft
                10.3.6.2. Helicopter transmissions
                10.3.6.3. Fuel pumps
                10.3.6.4. Others
        10.3.7. Agriculture
                10.3.7.1. Mowers
                10.3.7.2. Trailers
                10.3.7.3. Harvesters
                10.3.7.4. Others 
        10.3.8. Others
11. Tapered Roller Bearing Market - By Geography (Market Size -$Million / $Billion)
    11.1. Tapered Roller Bearing Market - North America Segment Research
    11.2. North America Market Research (Million / $Billion)
        11.2.1. Segment type Size and Market Size Analysis 
        11.2.2. Revenue and Trends
        11.2.3. Application Revenue and Trends by type of Application
        11.2.4. Company Revenue and Product Analysis
        11.2.5. North America Product type and Application Market Size
                11.2.5.1. U.S.
                11.2.5.2. Canada 
                11.2.5.3. Mexico 
    11.3. Tapered Roller Bearing - South America Segment Research
    11.4. South America Market Research (Market Size -$Million / $Billion)
        11.4.1. Segment type Size and Market Size Analysis 
        11.4.2. Revenue and Trends
        11.4.3. Application Revenue and Trends by type of Application
        11.4.4. Company Revenue and Product Analysis
        11.4.5. South America Product type and Application Market Size
                11.4.5.1. Brazil  
                11.4.5.2. Chile
                11.4.5.3. Argentina
                11.4.5.4. Ecuador
                11.4.5.5. Peru
                11.4.5.6. Colombia
                11.4.5.7. Costa Rica
                11.4.5.8. Rest of South America
    11.5. Tapered Roller Bearing - Europe Segment Research
    11.6. Europe Market Research (Market Size -$Million / $Billion)
        11.6.1. Segment type Size and Market Size Analysis 
        11.6.2. Revenue and Trends
        11.6.3. Application Revenue and Trends by type of Application
        11.6.4. Company Revenue and Product Analysis
        11.6.5. Europe Segment Product type and Application Market Size
                11.6.5.1. U.K  
                11.6.5.2. Germany 
                11.6.5.3. Italy 
                11.6.5.4. France
                11.6.5.5. Netherlands
                11.6.5.6. Belgium
                11.6.5.7. Spain
                11.6.5.8. Russia
                11.6.5.9. Rest of Europe
    11.7. Tapered Roller Bearing – APAC Segment Research
    11.8. APAC Market Research (Market Size -$Million / $Billion)
        11.8.1. Segment type Size and Market Size Analysis 
        11.8.2. Revenue and Trends
        11.8.3. Application Revenue and Trends by type of Application
        11.8.4. Company Revenue and Product Analysis
        11.8.5. APAC Segment – Product type and Application Market Size
                11.8.5.1. China 
                11.8.5.2. Australia
                11.8.5.3. Japan 
                11.8.5.4. South Korea
                11.8.5.5. India
                11.8.5.6. Rest of APAC
    11.9. Tapered Roller Bearing - RoW Segment Reach
    11.10. RoW Market Research (Market Size -$Million / $Billion)
        11.10.1. Segment type Size and Market Size Analysis 
        11.10.2. Revenue and Trends
        11.10.3. Application Revenue and Trends by type of Application
        11.10.4. Company Revenue and Product Analysis
                11.10.4.1. Middle East
                11.10.4.2. Africa
12. Tapered Roller Bearing Market - Entropy
    12.1. New product launches
    12.2. M&A's, collaborations, JVs and partnerships
13. Tapered Roller Bearing Market – Industry / Segment Competition landscape Premium
    13.1. Market Share Analysis
        13.1.1. Market Share by Country- Top companies
        13.1.2. Market Share by Region- Top 10 companies
        13.1.3. Market Share by type of Application – Top 10 companies
        13.1.4. Market Share by type of Product / Product category- Top 10 companies
        13.1.5. Market Share at global level- Top 10 companies
        13.1.6. Best Practise for companies
14. Tapered Roller Bearing Market – Key Company List by Country Premium
15. Tapered Roller Bearing Market Company Analysis
    15.1. Market Share, Company Revenue, Products, M&A, Developments
    15.2. Amphenol Corporation
    15.3. Belden Inc.
    15.4. CUI Inc.
    15.5. Eaton Corporation
    15.6. Franz Binder GmbH & Co.
    15.7. Hirose Electric Co., Ltd.
    15.8. Hummel AG
    15.9. ITT Inc.
    15.10. Japan Aviation Electronics Industry, Ltd
    15.11. Lemo S.A.
    15.12. Company 11 & More
"*Financials would be provided on a best efforts basis for private companies"
16. Tapered Roller Bearing Market -Appendix
    16.1. Abbreviations
    16.2. Sources
17. Tapered Roller Bearing Market -Methodology Premium
    17.1. Research Methodology
        17.1.1. Company Expert Interviews
        17.1.2. Industry Databases
        17.1.3. Associations
        17.1.4. Company News
        17.1.5. Company Annual Reports
        17.1.6. Application Trends
        17.1.7. New Products and Product database
        17.1.8. Company Transcripts
        17.1.9. R&D Trends
        17.1.10. Key Opinion Leaders Interviews
        17.1.11. Supply and Demand Trends