Abstract
Summary
Europe Bearing Market Research Report Forecast to 2030
Major Players
The European bearing market is a significant sector of the mechanical power transmission industry, providing essential components for a wide range of machinery and equipment. Bearings are used to reduce friction and support the rotation of various parts, including shafts, wheels, and gears, in a vast array of applications such as automotive, aerospace, industrial machinery, and wind turbines.
The Europe bearing market is driven by various factors such as the growing need for reliable and durable machinery, increasing demand from various end-use industries, technological advancements, and the expansion of the automotive and aerospace sectors. However, the market faces challenges such as the volatility in raw material prices and the presence of counterfeit products. The market is highly competitive, with established players dominating the market. The market is also consolidated, with a few large players holding a significant market share.
The Europe bearing market was valued at USD 14,774.65 million in 2022 and expected to reach USD 22,050.47 million by 2030, registering a CAGR of 5.21% over the forecast duration. Germany accounts for the largest market share (27.59%) followed by the UK (19.32%) and France (14.01%).
Market Segmentation
Based on the product type, the market has been segmented into plain bearing, ball bearing, roller bearing, linear bearing, fluid bearing, and others.
Based on application, the bearing market has been segmented into automotive (passenger vehicles and commercial vehicles), electronics, aerospace and defense, construction, and others. Based on the material type, the market has been segmented into steel (wire & rod, bar, billets, and others), ceramic, polymer plastic and hybrid.
Regional Analysis
Germany is the largest bearing market in Europe, and it is expected to continue to dominate during the forecast period. The growth of the bearing market in Germany is driven by the increasing demand for bearings in the automotive, machinery, and aerospace industries.
The UK is the second-largest bearing market in Europe, and it is expected to grow at a significant rate due to the increasing demand for bearings in the automotive and aerospace industries.
France is the third-largest bearing market in Europe, and it is expected to grow at a steady rate due to the increasing demand for bearings in the automotive, aerospace, and defense industries.
Spain is expected to grow at a significant rate due to the increasing demand for bearings in the automotive and construction industries.
Major Players
The key players in the European bearing market are Schaeffler AG, AB SKF, JTEKT Corporation, NTN Corporation, NSK Ltd., and Timken.
Table of Contents
1 EXECUTIVE SUMMARY 11
1.1 EUROPE BEARING MARKET, BY PRODUCT TYPE 13
1.2 EUROPE BEARING MARKET, BY APPLICATION 14
1.3 EUROPE BEARING MARKET, BY MATERIAL TYPE 15
2 MARKET INTRODUCTION 16
2.1 DEFINITION 16
2.2 SCOPE OF THE STUDY 16
2.3 MARKET STRUCTURE 17
2.4 KEY BUYING CRITERIA 17
3 RESEARCH METHODOLOGY 18
3.1 RESEARCH PROCESS 18
3.2 PRIMARY RESEARCH 19
3.3 SECONDARY RESEARCH 20
3.4 MARKET SIZE ESTIMATION 21
3.5 TOP DOWN & BOTTOM-UP APPROACH 21
3.6 FORECAST MODEL 22
3.7 LIST OF ASSUMPTIONS 23
4 MARKET DYNAMICS 24
4.1 INTRODUCTION 24
4.2 DRIVERS 25
4.2.1 EXPANSION OF VARIOUS END-USE INDUSTRIES IN THE REGION 25
4.2.2 INCREASING DEMAND FOR AUTOMATION 25
4.2.3 DRIVERS IMPACT ANALYSIS 26
4.3 RESTRAINTS 26
4.3.1 VOLATILITY IN RAW MATERIAL PRICES 26
4.3.2 RESTRAINTS IMPACT ANALYSIS 27
4.4 OPPORTUNITIES 27
4.4.1 TECHNOLOGICAL ADVANCEMENTS 27
4.5 IMPACT OF COVID-19 ON GLOBAL ECONOMY 28
4.6 IMPACT OF COVID-19 ON THE EUROPE BEARING MARKET 28
4.7 SUPPLY CHAIN IMPACT 29
4.7.1 IMPACT ON MANUFACTURER/DEVELOPER 29
4.7.2 IMPACT ON COMPONENT/SERVICES SUPPLIER 29
4.7.3 IMPACT ON DISTRIBUTION/LOGISTICS 29
5 MARKET FACTOR ANALYSIS 30
5.1 SUPPLY/VALUE CHAIN ANALYSIS 30
5.1.1 RAW MATERIALS 31
5.1.2 MANUFACTURING 31
5.1.3 DISTRIBUTION & RETAILERS 31
5.1.4 END-USERS 31
5.2 PORTER’S FIVE FORCES MODEL 32
5.2.1 THREAT OF NEW ENTRANTS 32
5.2.2 BARGAINING POWER OF SUPPLIERS 33
5.2.3 BARGAINING POWER OF BUYERS 33
5.2.4 THREAT OF SUBSTITUTES 33
5.2.5 INTENSITY OF RIVALRY 33
6 EUROPE BEARING MARKET, BY PRODUCT TYPE 34
6.1 OVERVIEW 34
6.2 EUROPE BEARING MARKET SIZE, MARKET ESTIMATES & FORECAST BY PRODUCT TYPE, 2019-2030 35
6.2.1 EUROPE BEARING MARKET SIZE: MARKET ESTIMATES & FORECAST BY PRODUCT TYPE, 2019-2030 35
7 EUROPE BEARING MARKET, BY APPLICATION 36
7.1 OVERVIEW 36
7.2 EUROPE BEARING MARKET SIZE, MARKET ESTIMATES & FORECAST BY APPLICATION, 2019-2030 37
7.2.1 EUROPE BEARING MARKET SIZE: MARKET ESTIMATES & FORECAST BY APPLICATION, 2019-2030 37
8 EUROPE BEARING MARKET, BY MATERIAL TYPE 39
8.1 OVERVIEW 39
8.2 EUROPE BEARING MARKET SIZE, MARKET ESTIMATES & FORECAST BY MATERIAL TYPE, 2019-2030 40
8.2.1 EUROPE BEARING MARKET SIZE: MARKET ESTIMATES & FORECAST BY MATERIAL TYPE, 2019-2030 40
9 EUROPE BEARING MARKET, BY COUNTRY 42
9.1 OVERVIEW 42
9.2 GERMANY 44
9.2.1 GERMANY BEARING MARKET SIZE: MARKET ESTIMATES & FORECAST BY PRODUCT TYPE, 2019-2030 44
9.3 UK 47
9.3.1 UK BEARING MARKET SIZE: MARKET ESTIMATES & FORECAST BY PRODUCT TYPE, 2019-2030 47
9.4 FRANCE 49
9.4.1 FRANCE BEARING MARKET SIZE: MARKET ESTIMATES & FORECAST BY PRODUCT TYPE, 2019-2030 49
9.5 SPAIN 52
9.5.1 SPAIN BEARING MARKET SIZE: MARKET ESTIMATES & FORECAST BY PRODUCT TYPE, 2019-2030 52
9.6 ITALY 54
9.6.1 ITALY BEARING MARKET SIZE: MARKET ESTIMATES & FORECAST BY PRODUCT TYPE, 2019-2030 54
9.7 BELGIUM 57
9.7.1 BELGIUM BEARING MARKET SIZE: MARKET ESTIMATES & FORECAST BY PRODUCT TYPE, 2019-2030 57
9.8 NETHERLANDS 59
9.8.1 NETHERLANDS BEARING MARKET SIZE: MARKET ESTIMATES & FORECAST BY PRODUCT TYPE, 2019-2030 59
9.9 REST OF EUROPE 62
9.9.1 REST OF EUROPE BEARING MARKET SIZE: MARKET ESTIMATES & FORECAST BY PRODUCT TYPE, 2019-2030 62
10 COMPETITIVE LANDSCAPE 65
10.1 COMPETITIVE OVERVIEW 65
10.2 COMPETITIVE BENCHMARKING 66
10.3 MAJOR PLAYERS IN THE EUROPE BEARING MARKET 67
10.4 LEADING PLAYERS IN TERMS OF THE NUMBER OF DEVELOPMENTS IN THE EUROPE BEARING MARKET 67
10.5 KEY DEVELOPMENTS & GROWTH STRATEGIES 68
10.5.1 PRODUCT LAUNCH/PRODUCT DEVELOPMENT 68
10.5.2 ACQUISITION/PARTNERSHIP 69
11 COMPANY PROFILES 70
11.1 AB SKF 70
11.1.1 COMPANY OVERVIEW 70
11.1.2 FINANCIAL OVERVIEW 71
11.1.3 PRODUCTS OFFERED 71
11.1.4 KEY DEVELOPMENTS 73
11.1.5 SWOT ANALYSIS 73
11.1.6 KEY STRATEGIES 73
11.2 SCHAEFFLER AG 74
11.2.1 COMPANY OVERVIEW 74
11.2.2 FINANCIAL OVERVIEW 75
11.2.3 PRODUCTS OFFERED 76
11.2.4 KEY DEVELOPMENTS 77
11.2.5 SWOT ANALYSIS 77
11.2.6 KEY STRATEGIES 77
11.3 NSK LTD 78
11.3.1 COMPANY OVERVIEW 78
11.3.2 FINANCIAL OVERVIEW 79
11.3.3 PRODUCTS OFFERED 79
11.3.4 KEY DEVELOPMENTS 81
11.3.5 SWOT ANALYSIS 81
11.3.6 KEY STRATEGIES 81
11.4 NTN CORPORATION 82
11.4.1 COMPANY OVERVIEW 82
11.4.2 FINANCIAL OVERVIEW 83
11.4.3 PRODUCTS/SERVICES OFFERED 83
11.4.4 KEY DEVELOPMENTS 85
11.4.5 SWOT ANALYSIS 85
11.4.6 KEY STRATEGIES 85
11.5 RBC BEARINGS INC 86
11.5.1 COMPANY OVERVIEW 86
11.5.2 FINANCIAL OVERVIEW 87
11.5.3 PRODUCTS/SERVICES OFFERED 87
11.5.4 KEY DEVELOPMENTS 88
11.5.5 SWOT ANALYSIS 88
11.5.6 KEY STRATEGIES 88
11.6 REGAL REXNORD CORP 89
11.6.1 COMPANY OVERVIEW 89
11.6.2 FINANCIAL OVERVIEW 90
11.6.3 PRODUCTS/SERVICES OFFERED 90
11.6.4 KEY DEVELOPMENTS 91
11.6.5 SWOT ANALYSIS 91
11.6.6 KEY STRATEGIES 91
11.7 THE TIMKEN COMPANY 92
11.7.1 COMPANY OVERVIEW 92
11.7.2 FINANCIAL OVERVIEW 93
11.7.3 PRODUCTS/SERVICES OFFERED 93
11.7.4 KEY DEVELOPMENTS 94
11.7.5 SWOT ANALYSIS 95
11.7.6 KEY STRATEGIES 95
11.8 JTEKT CORPORATION 96
11.8.1 COMPANY OVERVIEW 96
11.8.2 FINANCIAL OVERVIEW 97
11.8.3 PRODUCTS/SERVICES OFFERED 97
11.8.4 KEY DEVELOPMENTS 99
11.8.5 SWOT ANALYSIS 99
11.8.6 KEY STRATEGIES 99
11.9 HARBIN BEARING MANUFACTURING CO., LTD 100
11.9.1 COMPANY OVERVIEW 100
11.9.2 FINANCIAL OVERVIEW 100
11.9.3 PRODUCTS OFFERED 100
11.9.4 KEY DEVELOPMENTS 101
11.9.5 SWOT ANALYSIS 101
11.9.6 KEY STRATEGIES 101
11.10 RUBIX GROUP 102
11.10.1 COMPANY OVERVIEW 102
11.10.2 FINANCIAL OVERVIEW 103
11.10.3 PRODUCTS OFFERED 103
11.10.4 KEY DEVELOPMENTS 104
11.10.5 SWOT ANALYSIS 104
11.10.6 KEY STRATEGIES 104
12 APPENDIX 105
12.1 REFERENCES 105