Instrumented Bearing Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2020
Resource from: Reportbuyer Likes:209
Apr 24,2015
LONDON, April 22, 2015 /PRNewswire/ -- Bearings are machine elements that are primarily used for reducing friction between moving parts. Instrumented bearings are integrated with sensor units for measuring angular position of the rotatable ring with respect to the fixed ring of the bearing. The information collected through these sensors are used in various applications such as anti lock braking system, adaptive cruise control, tire pressure monitoring system and other industrial sectors.
The global instrumented bearing market is expected to witness substantial growth during the forecast period. This is due to the increasing demand of bearings across various application sectors such as automotive, defense and aerospace and industrial sector. The increase in automobile production globally is stimulating the growth in demand for instrumented bearings and associated components. Instrumented bearings are used in various automotive systems such as antilock braking systems (ABS) and electronic stability control (ESC) among others. Aerospace equipment was the fastest revenue generating end-use segment in 2014.
Factors such as rising demand from defense and aerospace industries and need for energy efficient solutions in various industries is also expected to influence the market growth. Aerospace equipment requires specialized bearings that are used for mission critical applications. These bearings need to be monitored very closely in order to ensure zero error operability.
Asia Pacific led the global instrumented bearing market in 2014 and the region is expected to continue its dominance in 2020. The region's dominance is due to growing industrialization in countries such as China, India, Japan, and South Korea. Moreover, increasing motor vehicle production in the region is further contributing to the growth of instrumented bearing market in Asia Pacific. North America and Europe followed Asia Pacific in the global instrumented bearing market to collectively account for more than 40% of the global market revenue share in 2014. Europe registered fastest growth from 2014 to 2020, owing to its flourishing automobile industry.
This market research study analyzes the instrumented bearing market on a global level and provides estimates in terms of revenue (USD million) from 2014 to 2020. It recognizes the drivers and restraints affecting the industry and analyzes their impact over the forecast period. Moreover, it identifies the significant opportunities for market growth in the coming years. The report will help manufacturers, suppliers and distributors understand the present and future trends in this market and formulate their strategies accordingly.
The market has been segmented on the basis of geography as North America, Europe, Asia-Pacific (APAC) and Rest of the World (RoW), and these have been estimated in terms of revenue (USD billion). In addition, the report has segments based on end-use, which includes automotive, aerospace equipment, power transmission equipment, construction machinery, farm and gardening machinery, oilfield machinery and others. It also has segments on the basis of product type which includes instrumented ball bearings, instrumented plain bearings, instrumented roller bearings and others. All these segments have also been estimated on the basis of geography in terms of revenue (USD million).
For better understanding of the instrumented bearing market, we have given a detailed analysis of the supply chain. A detailed Porter's five forces analysis has been given for the better understanding of the intensity of the competition present in the market. Furthermore, the study comprises a market attractiveness analysis, where the applications are benchmarked based on their market scope, growth rate and general attractiveness.
The report provides company market share analysis of various industry participants. The key players have also been included on the basis of regions including North America, Europe, Asia Pacific and Rest of the World. Major market participants mentioned in this report include SKF Group, Schaeffler Group, The Timken Company, NTN Corporation, JTEKT Corporation, NSK Ltd., and others.
?
Instrumented Bearing Market: By type
Ball Bearing
Plain Bearing
Roller Bearing
Others
Instrumented Bearing Market: By end-use
Automotive
Aerospace equipment
Power transmission equipment
Construction machinery
Farm and garden machinery
Oilfield machinery
Other machineries
The report provides a cross-sectional analysis of all the above segments with respect to the following regions:
North America
Europe
Asia Pacific
Rest of the World (RoW)
Download the full report: https://www.reportbuyer.com/product/2841863/
About Reportbuyer
Reportbuyer is a leading industry intelligence solution that provides all market research reports from top publishers
http://www.reportbuyer.com
(Reportbuyer)
【CBCC News Statement】
1.The news above mentioned with detailed source are from internet.We are trying our best to assure they are accurate ,timely and safe so as to let bearing users and sellers read more related info.However, it doesn't mean we agree with any point of view referred in above contents and we are not responsible for the authenticity. If you want to publish the news,please note the source and you will be legally responsible for the news published.
2.All news edited and translated by us are specially noted the source"CBCC".
3.For investors,please be cautious for all news.We don't bear any damage brought by late and inaccurate news.
4.If the news we published involves copyright of yours,just let us know.
1.The news above mentioned with detailed source are from internet.We are trying our best to assure they are accurate ,timely and safe so as to let bearing users and sellers read more related info.However, it doesn't mean we agree with any point of view referred in above contents and we are not responsible for the authenticity. If you want to publish the news,please note the source and you will be legally responsible for the news published.
2.All news edited and translated by us are specially noted the source"CBCC".
3.For investors,please be cautious for all news.We don't bear any damage brought by late and inaccurate news.
4.If the news we published involves copyright of yours,just let us know.
Previous NSK to Sell Subsidiary through Share Transfer
Next Marysville awards $11K contract for overhaul of pump at water plant
Next Marysville awards $11K contract for overhaul of pump at water plant
BRIEF INTRODUCTION
Cnbearing is the No.1 bearing inquiry system and information service in China, dedicated to helping all bearing users and sellers throughout the world.
Cnbearing is supported by China National Bearing Industry Association, whose operation online is charged by China Bearing Unisun Tech. Co., Ltd.
China Bearing Unisun Tech. Co., Ltd owns all the rights. Since 2000, over 3,000 companies have been registered and enjoyed the company' s complete skillful service, which ranking many aspects in bearing industry at home and abroad with the most authority practical devices in China.
