Europe Vacuum Bearings Market Forecast to 2028 – COVID

Europe 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)

Report Code : BMIRE00025902 | Region : Europe | Industry : Manufacturing and Construction | Published Date : 15/Sep/2022

The Europe vacuum bearings market is expected to grow from US$ 2,578.85 million in 2022 to US$ 4,195.50 million by 2028; it is estimated to grow at a CAGR of 7.7% from 2022 to 2028.

The rising awareness about environmental pollution has forced industries to reduce carbon dioxide (CO2) and harmful gas emissions. Motors used to operate pumps and compressors require more electricity; thus, high developed bearings are utilized in motors to reduce mechanical loss during operations. Moreover, the use of low torque bearings in CVTs to enhance vehicles' reliability and fuel efficiency has increased the utilization of bearing that offer enhanced ball strength and solid lubricating film. Thus, the rising utilization of bearing in railways, electric vehicles, rolling mills, and continuously variable transmissions will create market opportunities for vacuum bearing manufacturers.

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 Europe vacuum bearings market . The Europe vacuum bearings market is expected to grow at a good CAGR during the forecast period.

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

Europe Vacuum Bearings Market Segmentation

The Europe vacuum bearings market is segmented based on product type, application, material, and country. Based on product type, the Europe 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 Europe vacuum bearings market in 2022. In terms of application, the Europe vacuum bearings market is categorized into automotive, manufacturing & construction, energy & power, mining, aerospace & defense, and others. The automotive segment would dominate the Europe vacuum bearings market in 2022. Based on material, the Europe vacuum bearings market is categorized into silicon, stainless steel, hybrid, and others. The stainless-steel segment would dominate the Europe vacuum bearings market in 2022. Based on country, the Europe vacuum bearings market is segmented into Germany, France, Italy, the UK, Russia, and the Rest of Europe. Germany would dominate the Europe vacuum bearings market in 2022.

Key players operating in the Europe 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 Europe Bearings B.V; UNASIS; and SKF by Altair.

At 7.7% CAGR, the Europe Vacuum Bearings Market is speculated to be worth US$ 4,195.50 million by 2028, says The Insight Partners

According to The Insight Partners’ research, the Europe vacuum bearings market was valued at US$ 2,578.85 million in 2022 and is expected to reach US$ 4,195.50 million by 2028, registering an annual growth rate of 7.7% from 2022 to 2028. Increasing growth of Europe space sector and advantages of vacuum bearings.

The railway industry emphasizes reducing costs and enhancing more on increasing the life of rails. Bearings are used in railway gearboxes to dampen the shocks and vibrations that are caused due to force generated by the traction motor and wheels running on tracks. Thus, severe operating conditions increase engine maintenance and downtime. Several developments in bearings have fueled the growth of bearing in the railway sector. For example, tapered roller bearings support pinion shafts that require regular adjustments and expert maintenance to reduce maintenance costs. In addition, increasing public awareness and the growing need for EVs have increased bearing utilization in EVs. Bearings are developed to overcome lean lubrication conditions. A smaller bearing size has improved the gearbox's overall efficiency, increasing the driving range of EVs. Rolling bearings are widely used in rolling mills designed to sustain tough working conditions. Thus, bearings used in rolling mills possess an ability to support flaking mechanisms, high load capacity, and enhanced shelf life of rolling mills. This is expected to drive the market during the forecast period.

On the contrary, differing raw material prices and high maintenance cost hurdles the growth of Europe vacuum bearings market.

Based on product type, the Europe 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 vacuum bearings segment held 31.2% market share in 2022, amassing US$ 805.09 million. It is projected to garner US$ 1,462.18 million by 2028 to expand at 10.5% CAGR during 2022–2028.

Based on application, the Europe vacuum bearings market is categorized into automotive, manufacturing & construction, energy & power, mining, aerospace & defense, and others. The automotive segment held 26.3% market share in 2022, amassing US$ 677.31 million. It is projected to garner US$ 1,296.01 million by 2028 to expand at 11.4% CAGR during 2022–2028.

Based on material, the Europe vacuum bearings market is categorized into silicon, stainless steel, hybrid, and others. The stainless-steel segment held 47.0% market share in 2022, amassing US$ 1,213.26 million. It is projected to garner US$ 1,967.13 million by 2028 to expand at 8.4% CAGR during 2022–2028.

Based on country, the Europe vacuum bearings market has been categorized into the Germany, France, Italy, UK, Russia, and Rest Europe. Our regional analysis states that Germany captured 35.0% market share in 2022. It was assessed at US$ 902.60 million in 2022 and is likely to hit US$ 1,567.50 million by 2028, exhibiting a CAGR of 9.6% during the forecast period.

Key players dominating the Europe vacuum bearings market are 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; and SKF, among others.

In April 2022, Koyo Bearings will officially continue as JTEKT Bearings. In Dec 2021, SKF has released a new generation of spherical roller bearings.

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 Europe Vacuum Bearing Market – By Type

1.3.2 Europe Vacuum Bearing Market – By Application

1.3.3 Europe Vacuum Bearing Market – By Material

1.3.4 Europe Vacuum Bearing Market – By Country

2. Key Takeaways

3. Research Methodology

3.1 Coverage

3.2 Secondary Research

3.3 Primary Research

4. Europe Vacuum Bearing Market Landscape

4.1 Market Overview

4.2 PEST Analysis

4.2.1 Europe

4.3 Ecosystem Analysis

4.4 Expert Opinion

5. Europe Vacuum Bearing Market - Key Market Dynamics

5.1 Market Drivers

5.1.1 Increasing Growth of Europe Space Sector

5.1.2 Advantages of Vacuum Bearings

5.2 Market Restraints

5.2.1 Differing 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 Demand in Technological Advancement

5.5 Impact Analysis of Drivers and Restraints

6. Vacuum Bearing Market – Europe Market Analysis

6.1 Europe Vacuum Bearing Market Forecast and Analysis

7. Europe Vacuum Bearing Market – By Type

7.1 Overview

7.2 Europe 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. Europe Vacuum Bearing Market – By Application

8.1 Overview

8.2 Europe 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. Europe Vacuum Bearing Market – By Material

9.1 Overview

9.2 Europe 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. Europe Vacuum Bearing Market – By Country Analysis

10.1 Europe: Vacuum Bearing Market

10.1.1 Overview

10.1.2 Europe Vacuum Bearing Market Breakdown, by Country

10.1.2.1 Germany Vacuum Bearing Market, Revenue and Forecast to 2028

10.1.2.1.1 Germany Vacuum Bearing Market Breakdown, By Type

10.1.2.1.2 Germany Vacuum Bearing Market Breakdown, By Application

10.1.2.1.3 Germany Vacuum Bearing Market Breakdown, By Material

10.1.2.2 France Vacuum Bearing Market, Revenue and Forecast to 2028

10.1.2.2.1 France Vacuum Bearing Market Breakdown, By Type

10.1.2.2.2 France Vacuum Bearing Market Breakdown, By Application

10.1.2.2.3 France Vacuum Bearing Market Breakdown, By Material

10.1.2.3 Italy Vacuum Bearing Market, Revenue and Forecast to 2028

10.1.2.3.1 Italy Vacuum Bearing Market Breakdown, By Type

10.1.2.3.2 Italy Vacuum Bearing Market Breakdown, By Application

10.1.2.3.3 Italy Vacuum Bearing Market Breakdown, By Material

10.1.2.4 UK Vacuum Bearing Market, Revenue and Forecast to 2028

10.1.2.4.1 UK Vacuum Bearing Market Breakdown, By Type

10.1.2.4.2 UK Vacuum Bearing Market Breakdown, By Application

10.1.2.4.3 UK Vacuum Bearing Market Breakdown, By Material

10.1.2.5 Russia Vacuum Bearing Market, Revenue and Forecast to 2028

10.1.2.5.1 Russia Vacuum Bearing Market Breakdown, By Type

10.1.2.5.2 Russia Vacuum Bearing Market Breakdown, By Application

10.1.2.5.3 Russia Vacuum Bearing Market Breakdown, By Material

10.1.2.6 Rest of Europe Vacuum Bearing Market, Revenue and Forecast to 2028

10.1.2.6.1 Rest of Europe Vacuum Bearing Market Breakdown, By Type

10.1.2.6.2 Rest of Europe Vacuum Bearing Market Breakdown, By Application

10.1.2.6.3 Rest of Europe 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.             Europe Vacuum Bearing Market, Revenue and Forecast, 2019–2028 (US$ Million)

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Table 21.          Glossary of Terms, Vacuum Bearing Market

LIST OF FIGURES.

Figure 1.           Europe Vacuum Bearing Market Segmentation

Figure 2.           Europe Vacuum Bearing Market Segmentation – by Country

Figure 3.           Europe Vacuum Bearing Market Overview

Figure 4.           Europe Vacuum Bearing Market, By Type

Figure 5.           Europe Vacuum Bearing Market, By Application

Figure 6.           Europe Vacuum Bearing Market, By Material

Figure 7.           Europe Vacuum Bearing Market, By Country

Figure 8.           Europe: PEST Analysis

Figure 9.           Europe Vacuum Bearing Market Ecosystem Analysis

Figure 10.        Europe Expert Opinion

Figure 11.        Europe Vacuum Bearing Market: Impact Analysis of Drivers and Restraints

Figure 12.        Europe Vacuum Bearing Market, Forecast and Analysis (US$ Million)

Figure 13.        Europe Vacuum Bearing Market, by Type (2021 and 2028)

Figure 14.        Europe Cylindrical Roller Bearings: Vacuum Bearing Market Revenue and Forecast to 2028 (US$ Million)

Figure 15.        Europe Tapered Roller Bearings: Vacuum Bearing Market Revenue and Forecast to 2028 (US$ Million)

Figure 16.        Europe Spherical Roller Bearings: Vacuum Bearing Market Revenue and Forecast to 2028 (US$ Million)

Figure 17.        Europe Thrust Roller Bearings: Vacuum Bearing Market Revenue and Forecast to 2028 (US$ Million)

Figure 18.        Europe Needle Roller Bearings: Vacuum Bearing Market Revenue and Forecast to 2028 (US$ Million)

Figure 19.        Europe Vacuum Bearing Market, by Application (2021 and 2028)

Figure 20.        Europe Automotive: Vacuum Bearing Market Revenue and Forecast to 2028 (US$ Million)

Figure 21.        Europe Manufacturing & Construction: Vacuum Bearing Market Revenue and Forecast to 2028 (US$ Million)

Figure 22.        Europe Energy & Power: Vacuum Bearing Market Revenue and Forecast to 2028 (US$ Million)

Figure 23.        Europe Mining: Vacuum Bearing Market Revenue and Forecast to 2028 (US$ Million)

Figure 24.        Europe Aerospace & Defense: Vacuum Bearing Market Revenue and Forecast to 2028 (US$ Million)

Figure 25.        Europe Others: Vacuum Bearing Market Revenue and Forecast to 2028 (US$ Million)

Figure 26.        Europe Vacuum Bearing Market, by Material (2021 and 2028)

Figure 27.        Europe Silicon: Vacuum Bearing Market Revenue and Forecast to 2028 (US$ Million)

Figure 28.        Europe Stainless Steel: Vacuum Bearing Market Revenue and Forecast to 2028 (US$ Million)

Figure 29.        Europe Hybrid: Vacuum Bearing Market Revenue and Forecast to 2028 (US$ Million)

Figure 30.        Europe Others: Vacuum Bearing Market Revenue and Forecast to 2028 (US$ Million)

Figure 31.        Europe Vacuum Bearing Market, by Country – Revenue (2021) (US$ Million)

Figure 32.        Europe Vacuum Bearing Market Breakdown, by Country, 2021 & 2028(%)

Figure 33.        Germany Vacuum Bearing Market, Revenue and Forecast to 2028 (US$ million)

Figure 34.        France Vacuum Bearing Market, Revenue and Forecast to 2028 (US$ million)

Figure 35.        Italy Vacuum Bearing Market, Revenue and Forecast to 2028 (US$ million)

Figure 36.        UK Vacuum Bearing Market, Revenue and Forecast to 2028 (US$ million)

Figure 37.        Russia Vacuum Bearing Market, Revenue and Forecast to 2028 (US$ million)

Figure 38.          Rest of Europe Vacuum Bearing Market, Revenue and Forecast to 2028 (US$ million)

The List of Companies - Europe 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

● Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the Europe 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 Europe 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 Europe market trends and outlook coupled with the factors driving the Europe 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

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