In this report, the Global Needle Roller Bearing market is valued at USD XX million in 2019 and is expected to reach USD XX million by the end of 2026, growing at a CAGR of XX% between 2019 and 2026. Global Needle Roller Bearing market has been broken down by major regions, with complete market estimates on the basis of products/applications on a regional basis.
A needle roller bearing is a bearing that uses small cylindrical rollers. These rollers are used to reduce friction of a rotating surface. Compared to ball bearings, needle roller bearings have a large surface area that is in contact with the bearing raceway journals.
The typical structure of a needle roller bearing comprises an inner race (or sometimes just a shaft), a needle cage which orients and contains the needle rollers, the needle rollers themselves, and an outer raceway. There are many different designs of needle roller bearing, including drawn cup, precision race, caged roller, and thrust roller.
The major producers in this industry are Schaeffler, NSK and SKF, accounting for 16.60%, 12.27% and 10.98% of the market, respectively.
Market Analysis and Insights: Global Needle Roller Bearing Market
In 2019, the global Needle Roller Bearing market size was US$ 3826.7 million and it is expected to reach US$ 4654.8 million by the end of 2026, with a CAGR of 2.8% during 2021-2026.
Global Needle Roller Bearing Scope and Market Size
Needle Roller Bearing market is segmented by region, by country, company, type, application and by sales channels. Players, stakeholders, and other participants in the global Needle Roller Bearing market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on sales, revenue and forecast by region, by country, company, type, application and by sales channels for the period 2015-2026.
Segment by Type, the Needle Roller Bearing market is segmented into
Radial Type Needle Roller Bearing
Thrust Type Needle Roller Bearing
Radial type needle roller bearing accounted for 70.81% of the global needle roller bearing market in 2019.
Segment by Application, the Needle Roller Bearing market is segmented into
The automotive holds important sales share in terms of applications with over 45% in 2019.
Regional and Country-level Analysis:
Rest of Asia-Pacific
Rest of Europe
Rest of Latin America
Middle East & Africa
Rest of MEA
Competitive Landscape and Needle Roller Bearing Market Share Analysis
Needle Roller Bearing market competitive landscape provides details and data information by companies. The report offers comprehensive analysis and accurate statistics on revenue by the player for the period 2015-2020. It also offers detailed analysis supported by reliable statistics on sale and revenue by players for the period 2015-2020. Details included are company description, major business, Needle Roller Bearing product introduction, recent developments, Needle Roller Bearing sales by region, type, application and by sales channel.
The major companies include:
Xiangyang Automobile Bearing
Reasons to Buy This Research Report
- Complete access to Global Needle Roller Bearing market size, growth rate and forecast to 2026
- In-depth quantitative information on key regional Global Needle Roller Bearing markets including North America, Europe, MEA and Asia Pacific
- Global Needle Roller Bearing Market estimates and forecasts for key products/applications on a regional basis
- Facility to obtain country level information for complete Global Needle Roller Bearing market segmentation
- Key trends, drivers and restraints for global Global Needle Roller Bearing market
- Challenges to market growth for Global Needle Roller Bearing manufacturers
- Key market opportunities of Global Needle Roller Bearing Industry
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