Industrial Bearing Market
Industrial Bearing Market Scope: Industry Analysis, Market Size, Growth, Trends Till 2031
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Industrial Bearing Market Size and Growth
The global industrial bearing market is expected to reach a size of $48.21 billion by 2027, growing at a CAGR of 5.2% during the forecast period. The market is driven by increasing industrialization and automation in various sectors, driving demand for bearings in machinery and equipment. Key players include SKF, Timken, and NSK.
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Companies Covered (Covid 19 Impact Covered)
◍ SKF
◍ Schaeffler
◍ NSK
◍ NTN
◍ JTEKT
◍ Timken
◍ NMB Minebea
◍ Rexnord
◍ NACHI
◍ LYC
◍ RBC Bearings
◍ ZWZ
◍ CU GROUP
◍ Rothe Erde
◍ HARBIN Bearing
◍ Robert Bosch GmbH
◍ HIWIN
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Competitive Landscape: The industrial bearing market is highly competitive with companies like SKF, Schaeffler, NSK, NTN, and Timken leading the market. They cater to various industries such as automotive, aerospace, and manufacturing.
Overview of Companies:
- SKF, Schaeffler, NSK, NTN, and Timken are known for their high-quality bearings.
- JTEKT, NMB Minebea, Rexnord, NACHI, and LYC offer a wide range of bearing solutions.
- RBC Bearings, ZWZ, CU GROUP, Rothe Erde, and HARBIN Bearing focus on innovation and customization.
Actual Sales Revenue Figures:
- SKF: $9.9 billion
- Schaeffler: $14.4 billion
- NSK: $9.3 billion
- NTN: $5.4 billion
- Timken: $3.8 billion
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