In the latest market
study offering by Transparency Market Research (TMR), the global
instrumented bearing market is projected to reach a valuation of
US$938.4 million by 2020. The report, titled “Instrumented
Bearing Market - Global Industry Analysis, Size, Share, Growth,
Trends and Forecast 2014 - 2020”, states that the
market, which had a valuation of US$523.3 million in 2013, will
register an 8.6% CAGR from 2014 to 2020. The report analyzes the
development of the global instrumented bearing market on the basis of
product type, applications, and regional markets. 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.
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Research Report of Instrumented Bearing Market :
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.
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Report :
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.
Browse Press
Release of Instrumented Bearing Market :
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)
About Us :
Transparency Market
Research is a global market intelligence company, providing global
business information reports and services. Our exclusive blend of
quantitative forecasting and trends analysis provides forward-looking
insight for thousands of decision makers. Our experienced team of
Analysts, Researchers, and Consultants, use proprietary data sources
and various tools and techniques to gather, and analyze information.
Our data repository
is continuously updated and revised by a team of research experts, so
that it always reflects the latest trends and information. With a
broad research and analysis capability, Transparency Market Research
employs rigorous primary and secondary research techniques in
developing distinctive data sets and research material for business
reports.
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