Instrumented Bearing Market Global Scenario, Market Size, Outlook, Trend, and Forecast, 2016 – 2025

Global Instrumented Bearing Market size is projected to be valued $41 Billion by 2024; with a CAGR of 9.2% from 2017 to 2025. A bearing is a machine that reduces the friction between moving parts and are capable of carrying notable loads with ease and efficiency. Bearings are found in applications such as automobiles, machine tools, airplanes, refrigerators, ceiling fans, and many others.

Increasing demand for energy efficient solutions, growing demand from aerospace and defense sectors, and rising applications of bearings are the key factors propelling the growth of the global instrumented bearing market. However, declining after sales market and availability of fake products could hamper the market growth. Furthermore, technological advancements would create new market scope in the coming years.

The global instrumented bearing market is categorized as product type, end user, and geography. Product type segment is bifurcated as roller bearings, ball bearings, plain bearings, and others. End use includes aerospace equipment, automotive, construction machinery, power transmission equipment, farm and garden machinery, oilfield machinery, and other machineries.

Based on geographical analysis, global instrumented bearing market is classified into North America, Europe, Asia-Pacific, and Rest of the World (RoW). The U.S., Canada, and Mexico are covered under North America wherein Europe covers UK, Germany, France, Italy, and others. Asia-Pacific covers China, India, Japan, South Korea, and others. While, Rest of the world covers South America, Middle East, and Africa.

They key players includes NTN Corporation, The Timken Company, Schaeffler Group, JTEKT Corporation, and SKF Group, among others.

The report covers

• The detailed analysis of Instrumented Bearing Market with respect to key segments such as product type, and end user has been included in the report
• The report comprises the qualitative and quantitative analysis of the market with market estimation over 2016 – 2025 and CAGR between 2017 and 2025
• Comprehensive analysis of market dynamics including growth factors, restraining factors and opportunities will be provided in the report
• An exhaustive regional and country wise analysis of Instrumented Bearing Market has been covered in the report
• Profile of the major key players operating in the Instrumented Bearing Market will be provided, with detailed study on their key financials, product & services, new developments and business strategies

Scope of the Global Instrumented Bearing Market

Product Type Segments

• Roller Bearings
• Ball Bearings
• Plain Bearings
• Other Product Types

End User Segments

• Aerospace Equipment
• Automotive
• Construction Machinery
• Power Transmission Equipment
• Farm and Garden Machinery
• Oilfield Machinery
• Other Machineries

Geography Segments

• North America
• U.S.
• Canada
• Mexico

• Europe
• UK
• Germany
• France
• Italy
• Others

• Asia-Pacific
• China
• Japan
• India
• South Korea
• Others
• RoW
• South America
• Middle East
• Africa