Asia Pacific Vacuum Bearings Market Forecast to 2028

Report Code : BMIRE00025901 | Region : Asia Pacific | Industry : Manufacturing and Construction | Published Date : 15/Sep/2022
Asia Pacific Vacuum Bearings Market Forecast to 2028 – COVID-19 Impact and Regional Analysis – by Product Type (Cylindrical Roller Bearings, Tapered Roller Bearings, Spherical Roller Bearings, Thrust Roller Bearings, and Needle Roller Bearings), Application (Automotive, Manufacturing & Construction, Energy & Power, Mining, Aerospace & Defense, and Others), and Material (Silicon, Stainless Steel, Hybrid, and Others)

The APAC vacuum bearings market is expected to grow from US$ 5,124.21 million in 2022 to US$ 8,041.30 million by 2028; it is estimated to grow at a CAGR of 7.7% from 2022 to 2028.

Increasing funding in the space sector will likely witness increased opportunities, primarily in satellite broadband internet access. For instance, In May 2020, space investments stayed resilient at US$ 25.6 billion, and the impetus for investments had to continue solid in 2021. Space launch facilities recorded strong progress in 2021, with the market forecast to expand more than 15.7% year-over-year (Y-o-Y). Space exploration continued to evolve and flourish in 2021 due to diminishing launch costs and innovations in technology. Over the long term, prices are expected to continue dropping with companies deploying more satellites in the space ecosystem. For instance, in January 2021, more than 1,000 Starlink satellites were launched into orbit by SpaceX, and the company targets to further launch 4,425 satellites in orbit by 2024. Its launch costs decline because of reusable rockets and the mass production of satellites. The launch costs for satellites, which have already dropped from US$ 200 million in the past decade to about US$ 60 million presently, have the potential to decrease further to as low as US$ 5 million. Moreover, the launch of the Space Force in December 2019 influenced and propelled public-sector investments in 2021. These factors mentioned above positively impact the demand for various types of bearings, which play a vital part in producing space shuttles and other space launch components. For example, working in high temperatures between -200°C and +280°C, GGB's plain bearings have functioned as the primary suspension modules in the robotic drilling arm of NASA's Curiosity Mars rover. Also, the self-lubricating metal-polymer bearings are GGB's essential products in the aerospace sector. Besides GGB bearings, Curiosity used Timken's precision bearings in its descent to Mars in March 2021, and so did the other two rovers before it, namely, Spirit and Opportunity. Curiosity also used Timken bearings in the center core of its carousel system as it switched to position sample cups for gathering and examining rock, soil, and atmosphere. In addition, 2 6.35 mm Timken bearings operate Curiosity's tiny vacuum pump, which supports the rover's analytical equipment. Therefore, the demand for vacuum bearings is increasing due to rising growth of APAC space sector.

With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the APAC vacuum bearings market . The APAC vacuum bearings market is expected to grow at a good CAGR during the forecast period.

APAC Vacuum Bearings Market Revenue and Forecast to 2028 (US$ Million )

APAC Vacuum Bearings Market Segmentation

The APAC vacuum bearings market is segmented based on product type, application, material, and country. Based on product type, the APAC vacuum bearings market is divided into cylindrical roller bearings, tapered roller bearings, spherical roller bearings, thrust roller bearings, and needle roller bearings. The cylindrical roller bearings segment would dominate the market in 2022. In terms of application, the APAC vacuum bearings market is categorized into automotive, manufacturing & construction, energy & power, mining, aerospace & defense, and others. The energy & power segment would dominate the market in 2022. Based on material, the APAC vacuum bearings market is categorized into silicon, stainless steel, hybrid, and others. The stainless-steel segment would dominate the market in 2022. Based on country, the APAC vacuum bearings market is segmented into Australia, China, India, Japan, South Korea, and the Rest of APAC. China would dominate the APAC vacuum bearings market in 2022.

Key players operating the APAC vacuum bearings market include HepcoMotion; NSK Ltd; Schaeffler Technologies AG & Co. KG; THE TIMKEN COMPANY; TPA Motion, LLC; GMN Paul Muller Industrie GmbH & Co. KG; JTEKT APAC Bearings B.V; UNASIS; and SKF by Altair.

The List of Companies - Asia Pacific Vacuum Bearings Market

● HepcoMotion

● NSK Ltd

● Schaeffler Technologies AG & Co. KG

● THE TIMKEN COMPANY

● TPA Motion, LLC

● GMN Paul Muller Industrie GmbH & Co. KG

● JTEKT Europe Bearings B.V

● UNASIS

● SKF

TABLE OF CONTENTS

1. Introduction

1.1 Scope of the Study

1.2 The Insight Partners Research Report Guidance

1.3 Market Segmentation

1.3.1 APAC Vacuum Bearing Market – By Type

1.3.2 APAC Vacuum Bearing Market – By Application

1.3.3 APAC Vacuum Bearing Market – By Material

1.3.4 APAC Vacuum Bearing Market – By Country

2. Key Takeaways

3. Research Methodology

3.1 Coverage

3.2 Secondary Research

3.3 Primary Research

4. APAC Vacuum Bearing Market Landscape

4.1 Market Overview

4.2 PEST Analysis

4.2.1 APAC

4.3 Ecosystem Analysis

4.4 Expert Opinion

5. APAC Vacuum Bearing Market - Key Market Dynamics

5.1 Market Drivers

5.1.1 Expanding Growth of APAC Space Sector

5.1.2 Benefits of Vacuum Bearings

5.2 Market Restraints

5.2.1 Conflicting Raw Material Prices and High Maintenance Cost

5.3 Market Opportunities

5.3.1 Growing Applications of Bearing

5.4 Future Trends

5.4.1 Growth in Technological Advancement

5.5 Impact Analysis of Drivers and Restraints

6. Vacuum Bearing Market – APAC Market Analysis

6.1 Vacuum Bearing Market APAC Overview

6.2 APAC Vacuum Bearing Market Forecast and Analysis

7. APAC Vacuum Bearing Market – By Type

7.1 Overview

7.2 APAC Vacuum Bearing Market, By Type (2021 and 2028)

7.3 Cylindrical Roller Bearings

7.3.1 Overview

7.3.2 Cylindrical Roller Bearings: Vacuum Bearing Market Revenue and Forecast To 2028 (US$ Million)

7.4 Tapered Roller Bearings

7.4.1 Overview

7.4.2 Tapered Roller Bearings: Vacuum Bearing Market Revenue and Forecast To 2028 (US$ Million)

7.5 Spherical Roller Bearings

7.5.1 Overview

7.5.2 Spherical Roller Bearings: Vacuum Bearing Market Revenue and Forecast To 2028 (US$ Million)

7.6 Thrust Roller Bearings

7.6.1 Overview

7.6.2 Thrust Roller Bearings: Vacuum Bearing Market Revenue and Forecast To 2028 (US$ Million)

7.7 Needle Roller Bearings

7.7.1 Overview

7.7.2 Needle Roller Bearings: Vacuum Bearing Market Revenue and Forecast To 2028 (US$ Million)

8. APAC Vacuum Bearing Market – By Application

8.1 Overview

8.2 APAC Vacuum Bearing Market, By Application (2021 and 2028)

8.3 Automotive

8.3.1 Overview

8.3.2 Automotive: Vacuum Bearing Market Revenue and Forecast To 2028 (US$ Million)

8.4 Manufacturing & Construction

8.4.1 Overview

8.4.2 Manufacturing & Construction: Vacuum Bearing Market Revenue and Forecast To 2028 (US$ Million)

8.5 Energy & Power

8.5.1 Overview

8.5.2 Energy & Power: Vacuum Bearing Market Revenue and Forecast To 2028 (US$ Million)

8.6 Mining

8.6.1 Overview

8.6.2 Mining: Vacuum Bearing Market Revenue and Forecast To 2028 (US$ Million)

8.7 Aerospace & Defense

8.7.1 Overview

8.7.2 Aerospace & Defense: Vacuum Bearing Market Revenue and Forecast To 2028 (US$ Million)

8.8 Others

8.8.1 Overview

8.8.2 Others: Vacuum Bearing Market Revenue and Forecast To 2028 (US$ Million)

9. APAC Vacuum Bearing Market – By Material

9.1 Overview

9.2 APAC Vacuum Bearing Market, By Material (2021 and 2028)

9.3 Silicon

9.3.1 Overview

9.3.2 Silicon: Vacuum Bearing Market Revenue and Forecast To 2028 (US$ Million)

9.4 Stainless Steel

9.4.1 Overview

9.4.2 Stainless Steel: Vacuum Bearing Market Revenue and Forecast To 2028 (US$ Million)

9.5 Hybrid

9.5.1 Overview

9.5.2 Hybrid: Vacuum Bearing Market Revenue and Forecast To 2028 (US$ Million)

9.6 Others

9.6.1 Overview

9.6.2 Others: Vacuum Bearing Market Revenue and Forecast To 2028 (US$ Million)

10. APAC Vacuum Bearing Market – By Country Analysis

10.1 APAC: Vacuum Bearing Market

10.1.1 Overview

10.1.3 APAC Vacuum Bearing Market Breakdown, by Country

10.1.3.1 Australia Vacuum Bearing Market, Revenue and Forecast to 2028 (US$ million)

10.1.3.1.1 Australia Vacuum Bearing Market Breakdown, By Type

10.1.3.1.2 Australia Vacuum Bearing Market Breakdown, By Application

10.1.3.1.3 Australia Vacuum Bearing Market Breakdown, By Material

10.1.3.2 China Vacuum Bearing Market, Revenue and Forecast to 2028 (US$ million)

10.1.3.2.1 China Vacuum Bearing Market Breakdown, By Type

10.1.3.2.2 China Vacuum Bearing Market Breakdown, By Application

10.1.3.2.3 China Vacuum Bearing Market Breakdown, By Material

10.1.3.3 India Vacuum Bearing Market, Revenue and Forecast to 2028 (US$ million)

10.1.3.3.1 India Vacuum Bearing Market Breakdown, By Type

10.1.3.3.2 India Vacuum Bearing Market Breakdown, By Application

10.1.3.3.3 India Vacuum Bearing Market Breakdown, By Material

10.1.3.4 Japan Vacuum Bearing Market, Revenue and Forecast to 2028 (US$ million)

10.1.3.4.1 Japan Vacuum Bearing Market Breakdown, By Type

10.1.3.4.2 Japan Vacuum Bearing Market Breakdown, By Application

10.1.3.4.3 Japan Vacuum Bearing Market Breakdown, By Material

10.1.3.5 South Korea Vacuum Bearing Market, Revenue and Forecast to 2028 (US$ million)

10.1.3.5.1 South Korea Vacuum Bearing Market Breakdown, By Type

10.1.3.5.2 South Korea Vacuum Bearing Market Breakdown, By Application

10.1.3.5.3 South Korea Vacuum Bearing Market Breakdown, By Material

10.1.3.6 Rest of APAC Vacuum Bearing Market, Revenue and Forecast to 2028 (US$ million)

10.1.3.6.1 Rest of APAC Vacuum Bearing Market Breakdown, By Type

10.1.3.6.2 Rest of APAC Vacuum Bearing Market Breakdown, By Application

10.1.3.6.3 Rest of APAC Vacuum Bearing Market Breakdown, By Material

11. Industry Landscape

11.1 Overview

11.2 Market Initiative

11.3 Merger and Acquisition

11.4 New Development

12. Company Profiles

12.1 HepcoMotion

12.1.1 Key Facts

12.1.2 Business Description

12.1.3 Products and Services

12.1.4 Financial Overview

12.1.5 SWOT Analysis

12.1.6 Key Developments

12.2 NSK Ltd.

12.2.1 Key Facts

12.2.2 Business Description

12.2.3 Products and Services

12.2.4 Financial Overview

12.2.5 SWOT Analysis

12.2.6 Key Developments

12.3 Schaeffler Technologies AG & Co. KG

12.3.1 Key Facts

12.3.2 Business Description

12.3.3 Products and Services

12.3.4 Financial Overview

12.3.5 SWOT Analysis

12.3.6 Key Developments

12.4 THE TIMKEN COMPANY

12.4.1 Key Facts

12.4.2 Business Description

12.4.3 Products and Services

12.4.4 Financial Overview

12.4.5 SWOT Analysis

12.4.6 Key Developments

12.5 TPA Motion, LLC

12.5.1 Key Facts

12.5.2 Business Description

12.5.3 Products and Services

12.5.4 Financial Overview

12.5.5 SWOT Analysis

12.5.6 Key Developments

12.6 GMN Paul Müller Industrie GmbH & Co. KG

12.6.1 Key Facts

12.6.2 Business Description

12.6.3 Products and Services

12.6.4 Financial Overview

12.6.5 SWOT Analysis

12.6.6 Key Developments

12.7 JTEKT Europe Bearings B.V.

12.7.1 Key Facts

12.7.2 Business Description

12.7.3 Products and Services

12.7.4 Financial Overview

12.7.5 SWOT Analysis

12.7.6 Key Developments

12.8 UNASIS

12.8.1 Key Facts

12.8.2 Business Description

12.8.3 Products and Services

12.8.4 Financial Overview

12.8.5 SWOT Analysis

12.8.6 Key Developments

12.9 SKF

12.9.1 Key Facts

12.9.2 Business Description

12.9.3 Products and Services

12.9.4 Financial Overview

12.9.5 SWOT Analysis

12.9.6 Key Developments

13. Appendix

13.1 About The Insight Partners

13.2 Glossary

LIST OF TABLES.

Table 1.             APAC Vacuum Bearing Market, Revenue and Forecast, 2019–2028 (US$ Million)

Table 2.             APAC Vacuum Bearing Market, Revenue and Forecast To 2028 – By Country (US$ million)

Table 3.             Australia Vacuum Bearing Market, Revenue and Forecast to 2028 – By Type (US$ million)

Table 4.             Australia Vacuum Bearing Market, Revenue and Forecast to 2028 – By Application (US$ million)

Table 5.             Australia Vacuum Bearing Market, Revenue and Forecast to 2028 – By Material (US$ million)

Table 6.             China Vacuum Bearing Market, Revenue and Forecast to 2028 – By Type (US$ million)

Table 7.             China Vacuum Bearing Market, Revenue and Forecast to 2028 – By Application (US$ million)

Table 8.             China Vacuum Bearing Market, Revenue and Forecast to 2028 – By Material (US$ million)

Table 9.             India Vacuum Bearing Market, Revenue and Forecast to 2028 – By Type (US$ million)

Table 10.          India Vacuum Bearing Market, Revenue and Forecast to 2028 – By Application (US$ million)

Table 11.          India Vacuum Bearing Market, Revenue and Forecast to 2028 – By Material (US$ million)

Table 12.          Japan Vacuum Bearing Market, Revenue and Forecast to 2028 – By Type (US$ million)

Table 13.          Japan Vacuum Bearing Market, Revenue and Forecast to 2028 – By Application (US$ million)

Table 14.          Japan Vacuum Bearing Market, Revenue and Forecast to 2028 – By Material (US$ million)

Table 15.          South Korea Vacuum Bearing Market, Revenue and Forecast to 2028 – By Type (US$ million)

Table 16.          South Korea Vacuum Bearing Market, Revenue and Forecast to 2028 – By Application (US$ million)

Table 17.          South Korea Vacuum Bearing Market, Revenue and Forecast to 2028 – By Material (US$ million)

Table 18.          Rest of APAC Vacuum Bearing Market, Revenue and Forecast to 2028 – By Type (US$ million)

Table 19.          Rest of APAC Vacuum Bearing Market, Revenue and Forecast to 2028 – By Application (US$ million)

Table 20.          Rest of APAC Vacuum Bearing Market, Revenue and Forecast to 2028 – By Material (US$ million)

Table 21.          Glossary of Terms, Vacuum Bearing Market

The List of Companies - Asia Pacific Vacuum Bearings Market

● HepcoMotion

● NSK Ltd

● Schaeffler Technologies AG & Co. KG

● THE TIMKEN COMPANY

● TPA Motion, LLC

● GMN Paul Muller Industrie GmbH & Co. KG

● JTEKT Europe Bearings B.V

● UNASIS

● SKF

Reason To Buy

● Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the APAC vacuum bearings market.

● Highlights key business priorities in order to assist companies to realign their business strategies

● The key findings and recommendations highlight crucial progressive industry trends in the APAC vacuum bearings market, thereby allowing players across the value chain to develop effective long-term strategies

● Develop/modify business expansion plans by using substantial growth offering developed and emerging markets

● Scrutinize in-depth APAC market trends and outlook coupled with the factors driving the APAC vacuum bearings market, as well as those hindering it

● Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution

AVAILABLE CUSTOMIZATION RESEARCH METHODOLOGY REQUEST FOR TOC FREE SAMPLE REPORT
CHOOSE LICENCE TYPE
(Asia Pacific Vacuum Bearings Market Forecast to 2028)
  • Single User Price $3,000$2,400
  • Site Price $4,000$3,200
  • Enterprise Price $5,000$4,000
Buy Now Add to Cart
REQUEST FOR TOC
SPEAK TO ANALYST
FREE SAMPLE
REPORT
INQUIRE BEFORE
BUYING
TOP
Quick Enquiry