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

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New York, April 05, 2022 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report “Mounted Bearing Market by Product, Market Channel, Housing Block, Equipment, End-use Industry and Region – Global Forecast to 2027” – https: //www.reportlinker.com/p05976565/?utm_source=GNW

Growing adoption of mounted bearings in major industries such as food and beverage, mining and minerals, and pulp and paper is 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 global agricultural land use is expected The projected expansion of agricultural production can be attributed mainly to improved yields and higher production intensity, spurred 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.

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Food and Beverages segment is expected to be the largest market during the forecast period
The food and beverage industry and related services have experienced sustained growth in recent years. This industry can be segmented into food processing and packaging, which uses equipment such as mixers, conveyors, fans, and blowers, as well as gears and transmissions.

Most of this equipment has mounted bearings, especially in high and light 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 and beverage 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 the requirements of customers of equipment manufacturers.

For example, manufacturers of food and beverage machinery and equipment are mostly medium-sized companies and develop machinery based on the needs of their customers. product differentiation strategy.

This is expected to drive the OE mounted bearing market for years to come.

In-depth interviews were conducted with CEOs, CMOs, other chief innovation and technology officers, and executives from various key organizations operating in this market.
• By business type: Tier I – 60%, Tier II – 15%, and OEMs and end users – 25%
• By designation: directors – 22%, C-level executives – 25% and others – 53%
• By region: North America – 25%, Europe – 28%, Asia Oceania – 37% and RoW-10%
The major players in the mounted bearings market are SKF (Sweden), Schaeffler (Germany), Timken (United States), NSK (Japan) and NTN (Japan).

Research Coverage:
The market study covers the Mounted Bearings market size and future growth potential across different segments such as product type, housing type, end-use industry type, equipment type, market channel and region. The study also includes an in-depth competitive analysis of key market players along with their company profiles, key observations related to product and business offerings, recent developments, and key market strategies.

Reasons to buy the report:
The report enables new entrants and small businesses as well as established businesses to better understand the market to help them gain a larger market share. Companies purchasing the report can use one or a combination of the 4 strategies (Market Development, Product Development/Innovation, Market Diversification, and Competitive Assessment) mentioned below to strengthen their position in the market.

The report provides an overview of the following:
• Market Penetration: The report offers comprehensive information about the Mounted Bearings market and major market players.
• Product Development/Innovation: The report provides detailed information on upcoming technologies, R&D activities and new product launches in the mounted bearings market.
• Market Development: The report offers comprehensive insights into the Mounted Bearings market. The report analyzes the Mounted Bearings market across all regions and provides comprehensive insights on lucrative emerging markets.
• Market Diversification: The report provides exhaustive information regarding new products, untapped regional markets, recent developments and investments in the Mounted Bearings market.
Read the full report: https://www.reportlinker.com/p05976565/?utm_source=GNW

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