Mounted Bearings Market by Product, Market Channel, Housing Block, Equipment, End-Use Industry, and Region – Global Forecast to 2027 – ResearchAndMarkets.com

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DUBLIN–(BUSINESS WIRE)–The “Global Mounted Bearings Market by Product (Ball Bearing, Roller Bearing), Market Channel (OE Market, Aftermarket), Housing Block (Lead Block, Flange Block, Tension Block), equipment, end-use industry and “Region – Forecast to 2027” report has been added to from ResearchAndMarkets.com offer.

The global mounted bearings market size is expected to grow from USD 1.4 billion in 2022 to USD 1.8 billion by 2027, at a CAGR of 5.6%.

Growing adoption of mounted bearings in major industries such as food and beverage, mining and minerals, and pulp and paper are driving the mounted bearings market

According to the Organization for Economic Co-operation and Development (OECD) and the Food and Agriculture Organization of the United Nations (FAO), agricultural production is expected to increase by 15% over the next decade, while the Global agricultural land use is expected to be flat overall. The projected expansion of agricultural production can be attributed mainly to improved yields and higher production intensity, driven by technological innovation. The projected growth in animal production will be based on an expansion of herds, greater use of feed and more efficient use of feed. Due to limitations in capture fisheries, almost all of the projected growth in fish and seafood supply will come from aquaculture, bringing its share of total production to around 55% by 2028.

Food & Beverages segment is expected to be the largest market during the forecast period

The agro-food industry and related services have experienced sustainable growth in recent years. This industry can be segmented into food processing and packaging, which uses equipment such as mixer drives, conveyors, fans and blowers, and gears and transmissions. Most of this equipment has mounted bearings, especially in high load and low load applications. The demand for such equipment is expected to increase due to increasing automation, development of advanced equipment, and efforts to increase production efficiency and reduce errors in the food processing industry. Custom or specific mounted bearings are widely used in the food industry.

OE market segment is expected to be the largest market in the forecast period

The OE market is critical for mounted bearing manufacturers, as the majority of high volume orders are received by OEMs. The demand for mounted bearings depends on OEM customer requirements. For example, manufacturers of machinery and equipment for the food industry are mostly medium-sized companies and develop machinery according to the needs of their customers. Today, equipment manufacturers are increasingly focusing on providing additional features as standard equipment, as well as after-sales service as a product differentiation strategy. This is expected to drive the OE mounted bearing market for years to come.

Market dynamics

Drivers

  • Adoption of Mounted Bearings in Major Industries

  • Increased efficiency and long life with less maintenance requirements

Constraints

  • Availability of counterfeit products

Opportunities

  • Growing demand for specialty bearings for cost optimization

  • Increase the development and adoption of sensor-based and IoT rolling units

Challenges

  • Increased reliability and contamination issues

Companies cited

  • Altra industrial movement

  • Asahi Seiko Co., Ltd.

  • Asia Pacific

  • Baart Industrial Group

  • Emerson Bearing Company

  • Europe

  • Fyh Inc.

  • Igus GmbH

  • Jones Bearing Company

  • Jtekt Corporation

  • Luoyang Longda Bearing Co.,Ltd.

  • NBC Group

  • North America

  • nsk ltd.

  • Ntn Bearing Corporation

  • PT International

  • Rbc Bearings

  • Rbi Bearing, Inc.

  • Rexnord Treat

  • Schaeffler AG

  • Skf

  • Spyraflo Inc.

  • Timken

  • triangle manufacturing company

  • Zkl Group

For more information about this report visit https://www.researchandmarkets.com/r/u70owx

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