Making relative motion smooth is one of the most fundamental requirements across a wide ranging industries which is being enabled by bearings. Bearings are being used in automobiles, wind turbines, construction & mining machinery, agricultural equipment, machine tools, to name a few. The global bearing market is gaining more importance owing to rising utilization of bearing products in various end-use industries, rolling mills, and electric vehicles. Technological developments have improved the overall efficiency of the bearing products in the automobile sector and have enhanced the shelf life of products.
As a result, the global bearings market which was valued at USD 118.7 billion in 2020 is expected to expand at a compound annual growth rate of more than 8 percent from 2021 to 2028.There has been a rising demand for bearings with lower maintenance requirements, higher efficiency, and longer service life. Moreover, a rise in demand for specialized bearing solutions that meet different industry-specific requirements and challenges is projected to boost the market. With the technological advancements in seal and lubrication technologies and the use of lightweight materials in high-performance products, huge prospects are being created for the manufacturers.
Integration of electro-mechanical features directly into the bearings is also helping in performance improvement and reduction in size and cost. Several players have emerged to keep pace with the technological advancement and come up with enhanced version of bearings for the industry. Given the rapid transformation underway, it is going to be a road full of challenges and opportunities for bearing manufacturers.
After studying the industry landscape in-depth, we have come up with the list of Top 10 Bearing Manufacturers who have excelled in this domain with their innovative approach. Having proven their dedication to quality and delivery in order to meet the customer expectations in an end-to-end manner, these companies have stood out from the crowd.
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