North America Vacuum Bearings Market Forecast to 2028

Report Code : BMIRE00025940 | Region : North America | Industry : Manufacturing and Construction | Published Date : 15/Sep/2022
North America 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 North America vacuum bearings market is expected to grow from US$ 2,225.10 million in 2022 to US$ 3,373.64 million by 2028; it is estimated to grow at a CAGR of 7.2% from 2022 to 2028.

Raw material accounts for ~60% of a vacuum bearing manufacturer's revenue. As high-grade steel is the major raw material used for manufacturing vacuum bearings, the costs of bearings are greatly correlated with the North America steel price movement. The variation in raw material price challenges the vacuum bearing manufacturers to deliver reasonably priced and high-quality bearings. Further, the raw material price of the automotive vacuum bearing fluctuates as per the market's economic condition. Such price volatility of raw materials is becoming an actual challenge for enterprises to remain competitive. Therefore, fluctuation of raw material price creates challenges for the vacuum bearing manufacturers to manufacture a bearing for a vehicle in terms of quality and price. Additionally, fluctuating supply and demand scenario is hindering the growth of the vacuum bearing industry. The difference in trade strategies, variations in foreign exchange rates, discrepancies in supply and demand, and intensified geopolitical risks across various countries potentially impact the pricing of steel and aluminum bearing materials. Besides, the vacuum bearing components comprise seals and cages that require lubrication at frequent intervals to ensure smooth functioning, thus requiring additional expenses.

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

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

North America Vacuum Bearings Market Segmentation

The North America vacuum bearings market is segmented based on product type, application, material, and country. Based on product type, the North America 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 North America 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 North America 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 North America vacuum bearings market is segmented into the US, Canada, and Mexico. The US would dominate the North America vacuum bearings market in 2022.

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

The List of Companies - North America Vacuum Bearings Market

● NSK Ltd

● Schaeffler Technologies AG & Co. KG

● THE TIMKEN COMPANY

● Bunting Bearings, LLC

● 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 North America Vacuum Bearing Market – By Type

1.3.2 North America Vacuum Bearing Market – By Application

1.3.3 North America Vacuum Bearing Market – By Material

1.3.4 North America Vacuum Bearing Market – By Country

2. Key Takeaways

3. Research Methodology

3.1 Coverage

3.2 Secondary Research

3.3 Primary Research

4. North America Vacuum Bearing Market Landscape

4.1 Market Overview

4.2 PEST Analysis

4.2.1 North America

4.3 Ecosystem Analysis

4.4 Expert Opinion

5. North America Vacuum Bearing Market - Key Market Dynamics

5.1 Market Drivers

5.1.1 Rising Growth of North America Space Sector

5.1.2 Benefits of Vacuum Bearings

5.2 Market Restraints

5.2.1 Fluctuating Raw Material Prices and High Maintenance Cost

5.3 Market Opportunities

5.3.1 Rising Applications of Bearing

5.4 Future Trends

5.4.1 Surge in Technological Advancement

5.5 Impact Analysis of Drivers and Restraints

6. Vacuum Bearing Market – North America Market Analysis

6.1 Vacuum Bearing Market North America Overview

6.2 North America Vacuum Bearing Market Forecast and Analysis

7. North America Vacuum Bearing Market – By Type

7.1 Overview

7.2 North America 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. North America Vacuum Bearing Market – By Application

8.1 Overview

8.2 North America 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. North America Vacuum Bearing Market – By Material

9.1 Overview

9.2 North America 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. North America Vacuum Bearing Market – By Country Analysis

10.1 North America: Vacuum Bearing Market

10.1.1 Overview

10.1.3 North America Vacuum Bearing Market Breakdown, by Country

10.1.3.1 US Vacuum Bearing Market, Revenue and Forecast to 2028

10.1.3.1.1 US Vacuum Bearing Market Breakdown, By Type

10.1.3.1.2 US Vacuum Bearing Market Breakdown, By Application

10.1.3.1.3 US Vacuum Bearing Market Breakdown, By Material

10.1.3.2 Canada Vacuum Bearing Market, Revenue and Forecast to 2028

10.1.3.2.1 Canada Vacuum Bearing Market Breakdown, By Type

10.1.3.2.2 Canada Vacuum Bearing Market Breakdown, By Application

10.1.3.2.3 Canada Vacuum Bearing Market Breakdown, By Material

10.1.3.3 Mexico Vacuum Bearing Market, Revenue and Forecast to 2028

10.1.3.3.1 Mexico Vacuum Bearing Market Breakdown, By Type

10.1.3.3.2 Mexico Vacuum Bearing Market Breakdown, By Application

10.1.3.3.3 Mexico 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 Bunting Bearings, 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 TPA Motion, LLC

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 GMN Paul Müller Industrie GmbH & Co. KG

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 JTEKT Europe Bearings B.V.

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 UNASIS

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

12.10 SKF

12.10.1 Key Facts

12.10.2 Business Description

12.10.3 Products and Services

12.10.4 Financial Overview

12.10.5 SWOT Analysis

12.10.6 Key Developments

13. Appendix

13.1 About The Insight Partners

13.2 Glossary

LIST OF TABLES.

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

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

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

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

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

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

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

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

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

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

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

Table 12.          Glossary of Terms, Vacuum Bearing Market

The List of Companies - North America Vacuum Bearings Market

● NSK Ltd

● Schaeffler Technologies AG & Co. KG

● THE TIMKEN COMPANY

● Bunting Bearings, LLC

● 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 North America 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 North America 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 North America market trends and outlook coupled with the factors driving the North America 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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