16th November,
2018- Deep-groove
Ball Bearings Market witnessed a higher growth during the
assessed period. Deep-groove ball bearing is the most conventional type of
bearing and its use encompasses several industries ranging from heavy machinery
to high accuracy device and apparatus. This type of bearing comprises four
elements having inner ring, outer ring and a cage that holds balls and ball
bearings. Due to the flat surface on outer and inner ring, deep groove ball
bearings enable a large area of contact that drives high performance and
enables high load bearing capacities.
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Commercially, the different types of deep-groove ball bearings include single row deep-groove ball bearing, extra small bearings & miniature ball bearings. Driving factors responsible for the deep-groove ball bearings market includes rise in mechanical products coupled with technological leverage for end-use/applications. Other factors include rise in production of commercial vehicles facilitating efficient transmission and ensuring proper synchronization of movable parts in a vehicle. Also, the rise in use of deep-groove ball bearings in pumps and motors contribute to the market growth in the estimated period. Segmentation for deep-groove ball bearings market includes single-row bearings, double-row bearings and multi-row bearings. Segmentation for deep-groove ball bearings industry includes transportation vehicles, household appliances and construction machinery.
Deep-groove ball bearings
market is geographically segmented into North America, South America, Europe,
Asia-Pacific, Middle-East and Africa. Asia-Pacific deep-groove ball bearing
sales market anticipated in a higher growth due to presence of heavy machinery
industries and use of heavy machineries in domain such as mining, construction,
agriculture, infrastructure and power generation.
North America and Europe
market also account for a large share in the market growth due to rise in
mechanical industries coupled with sound knowledge of technology and its
impact. MEA market on the other hand witnesses a moderate growth in the
estimated period due to lower presence of manufacturing units and slower pace
of technological progress. The key players in the deep-groove ball bearing
sales market include SKF, NTN Corporation, Schaeffler Group, NSK Global, Timken
and JTEKT.
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