Speaking about Rolling Bearing Steel, it is a primary component that is used in different motors and machines, which perform transportation of heavy loads. The steel balls or also called as rollers are generally placed between to steel bearing ring, which is also known as races. This dramatically reduces friction. These are made of steel and other types of materials. For example, stainless hardening, carbon chromium, and more. That's why steel bearings are resistant. These materials greatly enhance the fatigue strength of the bearings, and that's why the demand for such bearing is increasing.
Besides, rolling bearing comes with cage, inner ring, outer ring, and steel ball. They are also available in various shapes, like tapered rolling bearing, cylindrical bearing spherical bearing, needle bearing, and more. They all sued in their respective applications as per the requirements. For example, needle bearings are widely used in pumps, compressors, transmission, and more. As per the report, the automotive industry across the globe is now growing, and it is forecasted that this is a primary factor triggering the market demand.
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These bearings are extensively used in automobile engines, powertrain, and others. As per a report given by the 'International Organization of Motor Vehicle manufacturers', in 2017, the global automotive witnessed around 97,302,534 units of the vehicle. The increasing production of vehicles may trigger the Rolling Bearing Steel industry during the forecast period. However, the ban on the manufacturing of steel in some countries due to increasing pollution may affect the growth of this market in the coming years. Products and technological innovations in this sector are expected to create enormous growth opportunities.
Market Key Players :
Sanyo Special Steel
Dongbei Special Steel
Shandong Shouguang Juneng
Nanjing Iron and Steel
Benxi Steel Group
Market Segmentation Overview
The global Rolling Bearing Steel market is segmented on the basis of product type, application, and regions. Under the product type-based market segmentation, each type is carefully studied based on revenue, market share, and more. This segment covers carburizing, high-carbon chromium, and others. Among them, the high-carbon chromium bearing will cover massive market share during the forecast period. These bearing are quite durable than others and used in the automobile industry. Now, talking about application-based market segmentation, it includes a rolling body, bearing rings, cage, and others. The bearing rings market segment is projected to dominate the market during the forecast period owing to various applications of the bearing rings.
Regional Market Overview
The global market for Rolling Bearing Steel, based on geography, is segmented into North America, South America, Middle East, and Africa, Asia Pacific, Eastern Europe, and Western Europe. Besides, to analyze the country-level markets, the market analysists have segmented into the market in different countries. The market is split into Russia, China, India, the United Kingdom, Southeast Asia, North Korea, GCC Countries, Mexico, the United Kingdom, Japan, and more. As per the latest market report, North America is projected to dominate that market during the forecast period. The reason is, it houses some leading automotive players who are now increasing their manufacturing activities.
In December 2018, CCI approved Nippon Steel & Sumitomo Metal Corporation's (a leading Japan-based company) acquisition of a 51% share in Sanyo Steel. Furthermore, CCI also gave the green signal to a proposal of transferring 100 % share to Sanyo Steel from Ovako.
Recently, it came to know that HBIS Group is planning to expand its business to other countries through business acquisition.
NOTE : Our team is studying Covid-19 and its impact on various industry verticals and wherever required we will be considering Covid-19 footprints for a better analysis of markets and industries. Cordially get in touch for more details.
Table of Content
1 Rolling Bearing Steel Market Overview
2 Global Rolling Bearing Steel Competitions by Players
3 Global Rolling Bearing Steel Competitions by Types
4 Global Rolling Bearing Steel Competitions by Applications
5 Global Rolling Bearing Steel Production Market Analysis by Regions
6 Global Rolling Bearing Steel Sales Market Analysis by Region
7 Imports and Exports Market Analysis
8 Global Rolling Bearing Steel Players Profiles and Sales Data
9 Rolling Bearing Steel Upstream and Downstream Analysis
10 Global Rolling Bearing Steel Market Forecast (2019-2025)
11 Research Findings and Conclusion
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