Global Anti-Friction Bearing Market 2017-2021: Growing Demand for Hybrid and Ceramic Bearings - Research and Markets

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26 Apr, 2017, 14:15 BST

DUBLIN, April 26, 2017 /PRNewswire/ --

Research and Markets has announced the addition of the "Global Anti-Friction Bearing Market 2017-2021" report to their offering.

The global anti-friction bearing market to grow at a CAGR of 4.16% during the period 2017-2021.

Global Anti-Friction Bearing Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the Key vendors operating in this market. To calculate the market size, the report considers the revenue generated from the sale of anti-friction bearing.

The increase in demand from major end-users such as heavy industry, general engineering, and automotive will propel the demand for anti-friction bearings globally.

According to the report, the growing demand for commercial aircraft is expected to drive the global anti-friction bearings market. Over the past 25 years, the aviation sector has been experiencing a recession, aviation fuel price shocks, and security threats. However, the global air traffic has been growing at 5.5% annually. The increase in global air traffic has created more demand for commercial aircraft worldwide. Airbus and Boeing are the largest manufacturers of aircraft globally. In 2016, Airbus experienced an increase of 8% in aircraft deliveries compared with its company forecast. In 2015, the company opened its first US manufacturing facility to tap the market potential. In 2016, Boeing opened a new facility worth $1 billion in Washington to produce wings for its newest jetliner, the 777X.

Further, the report states that the growing demand for commercial aircraft is expected to drive the global anti-friction bearings market. Over the past 25 years, the aviation sector has been experiencing a recession, aviation fuel price shocks, and security threats. However, the global air traffic has been growing at 5.5% annually. The increase in global air traffic has created more demand for commercial aircraft worldwide. Airbus and Boeing are the largest manufacturers of aircraft globally. In 2016, Airbus experienced an increase of 8% in aircraft deliveries compared with its company forecast. In 2015, the company opened its first US manufacturing facility to tap the market potential.

Key vendors

  • JTEK
  • NSK
  • NTN
  • Schaeffler
  • SKF
  • Timken

Other prominent vendors

  • AST Bearings
  • Harbin Bearing Manufacturing
  • HKT
  • igus
  • MinebeaMitsumi
  • NBI Bearings
  • RBC Bearings
  • Rexnord Corporation

Key Topics Covered:

Part 01: Executive summary

Part 02: Scope of the report

Part 03: Research Methodology

Part 04: Introduction

Part 05: Market landscape

Part 06: Market segmentation by product

Part 07: Geographical segmentation

Part 08: Decision framework

Part 09: Drivers and challenges

Part 10: Market trends

Part 11: Vendor landscape

Part 12: Key vendor analysis

Part 13: Appendix

For more information about this report visit http://www.researchandmarkets.com/research/pnn2z6/global

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SOURCE Research and Markets