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    Robotics Bearings Market Report

    Robotics Bearings Market Report
    Report code - SR1386 Published On : Dec,2021 No. of Pages: 140
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    Robotics Bearings Market Size, Share, Trend, Forecast, Competitive Analysis, and Growth Op See more...

    Market Highlights

    Robotics and automation are becoming common in a variety of industries, particularly manufacturing, as companies are realizing the full potential of their abilities to save costs, increase production, and improve efficiency and competitiveness. Bearings in automation have seen exponential advances in endurance, speed, and precision as technology has developed, with more sensitive applications in the medical and other high-tech sectors becoming common. Robotics bearings are important in the motion control elements of this technology as they allow highly coordinated, controlled movement on two or more axes.

    Even before the COVID-19 pandemic, the robotics industry was under stress, owing to the reduced demand from the automotive and electrical/electronics industries. Furthermore, the trade conflict between two of the key superpowers, China and the United States, gave a rise to market uncertainties, dampening industry sentiments. The outburst of the COVID-19 further deepened the market challenges. The robotics bearings market typically relies on the organic growth of the robotics industry and usually takes the same path as the latter. Key challenges that arose in front of the industry stakeholders on account of the pandemic were halted production, reduced demands, and supply chain disruptions due to lockdowns.

    Although the pandemic and trade war are having an impact on the industry stakeholders and a significant contraction is predicted for the year, they are only a blip on the radar in the long run. The crisis is expected to catalyze digitalization, resulting in growth opportunities for the robotics industry worldwide. In addition, the robotics manufacturing industry is gradually getting back on its track, paired with collective efforts of OEMs and other sectoral stakeholders towards mitigating the risks associated with the COVID-19, is signaling towards healthy and quick recuperation, helping the market to grow at a CAGR of 6.0% during 2021-2026 to reach the figure of US$ 1.4 Billion in 2026.

    Market Segments' Analysis

    Based on the bearing type, the market is segmented as ball bearing, roller bearing, plain bearings, and others. Ball bearings are further classified as angular contact ball bearings, deep groove ball bearings, and others. Analogously, roller bearings are further classified as tapered roller bearings, cylindrical roller bearings, spherical roller bearings, and others. Ball bearings are expected to remain the largest segment of the market during the forecast period. Deep groove ball bearings are preferred for the majority of robotics and automation applications.

    Based on the end-use industry type, the market is segmented as automotive, medical, semiconductor, industrial, and others. Automotive is projected to be the leading segment of the market during the forecast period. Robots are an integral part of making automotive plants competitive, as they not only boost capacity, improve quality, and reduce warranty costs, but also reduce labor costs. The medical industry is likely to witness the highest growth. Robots are transforming the practice of medicine and are being popularly deployed in surgery, influencing the product demand during the study period.

    In terms of region, Asia-Pacific is expected to remain the largest market over the next five years, owing to the rapid development of robotic systems by companies in Japan, South Korea, and China. The growth in the region is primarily driven by high financial and regulatory support from governments, the dominance of the automotive industry, and low-cost manufacturing units. Companies worldwide rely on Asia-Pacific manufacturing now more than ever. Availability of raw materials developed supply chain, and huge indigenous demand is other advantages offered by the region.

    Europe is the second-most important market for robotics bearings, on account of Germany, being the fifth-largest country globally for industrial robotics and its significant position in the automotive and medical industries.

    Key Players

    The market for robotics bearings is gradually consolidating as the major companies are performing mergers & acquisitions to quickly gain the leading position and to tap growing opportunities in this briskly expanding market. For instance; AB SKF a leading global supplier of bearings for a wide range of industries acquired Kaydon Corporation. After the acquisition, AB SKF successfully leaped ahead in the market with the added capabilities and expansion of its product portfolio.

    The supply chain of this market comprises several nodes including raw material suppliers, bearing manufacturers, OEMs, and MRO companies. The following are the key players in the robotics bearings market.

    • AB SKF
    • Schaeffler Technologies AG & Co. KG
    • The Timken Company
    • C&U Bearing Group
    • JTEKT Corporation
    • NSK Ltd.
    • NTN Corporation
    • LYC Bearing Corporation
    • MinebeaMitsumi Group
      • TMB Bearing (Zhejiang Tianma Bearing Co. Ltd.)

    Research Methodology

    This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today’s robotics bearings market realities and future market possibilities for the forecast period of 2021 to 2026. The report segments and analyzes the market in the most detailed manner in order to provide a panoramic view of the market. The vital data/information provided in the report can play a crucial role for the market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate the growth strategies to expedite their growth process.

    This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data. We conducted more than 15 detailed primary interviews with the market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.

    Report Features

    This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market. The following are the key features of the report:

    • Market structure: Overview, industry life cycle analysis, supply chain analysis.
    • Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis.
    • Market trend and forecast analysis.
    • Market segment trend and forecast.
    • Competitive landscape and dynamics: Market share, Product portfolio, New Product Launches, etc.
    • Attractive market segments and associated growth opportunities.
    • Emerging trends.
    • Strategic growth opportunities for the existing and new players.
    • Key success factors.

    The robotics bearings market is segmented into the following categories. 

    Robotics Bearings Market, by Bearing Type

    • Ball Bearing
      • (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
      • (Ball Bearing Type Analysis: Angular Contact Bearing, Deep Groove Bearing, and Other Bearings\
    • Roller Bearing
      • (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
      • (Roller Bearing Type Analysis: Tapered Roller Bearing, Spherical Roller Bearing, Cylindrical Roller Bearing, and Other Bearings
    • Plain Bearings (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Other Bearings (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Robotics Bearings Market, by Material Type

    • Metallic Bearings (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Non-Metallic Bearings (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Hybrid Bearings (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Robotics Bearings Market, by End-Use Industry Type

    • Automotive (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Medical (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Semiconductor (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Industrial (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Robotics Bearings Market, by Application Type

    • Robot Joints (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Manipulators (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Industrial Robots (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Swiveling Units of Robot (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Robot Transmission (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Robotics Bearings Market, by End-Use Type

    • OE (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Aftermarket (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Robotics Bearings Market, by Region

    • North America (Country Analysis: The USA, Canada, Mexico)
    • Europe (Country Analysis: Germany, France, the UK, Italy, and Rest of Europe)
    • Asia-Pacific (Country Analysis: China, Japan, India, South Korea, and Rest of Asia-Pacific)
      • Rest of the World (Country Analysis: Brazil, South Africa, and Others)

    Report Customization Options

    With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

    Company Profiling

    • Detailed profiling of additional market players (up to three players)
    • SWOT analysis of key players (up to three players)

    Competitive Benchmarking

    • Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

    Custom Research: Stratview research offers custom research services across the sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to sales@stratviewresearch.com

    Frequently Asked Questions (FAQs)

    The robotics bearings market is estimated to grow at a CAGR of 6.0% by 2026.

    AB SKF, Schaeffler Technologies AG & Co. KG, NSK Ltd., JTEKT Corporation, NTN Corporation, MinebeaMitsumi Group, The Timken Company, C&U Bearing Group, LYC Bearing Corporation, and TMB Bearing (Zhejiang Tianma Bearing Co. Ltd.) are the leading players in the robotics bearings market.

    Asia-Pacific is estimated to remain dominant in the robotics bearings market in the foreseen future.

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