Stratview Research, a leading market research firm has launched a report on the Material Handling Bearings Market which provides an in-depth analysis of the market dynamics, current and emerging trends, industry forecast, and competitive landscape.
Click here to download the free sample pdf.
The report has a very high utility for the key decision-makers and strategists in terms of accurate market insights, future growth opportunities, and key success factors.
Most importantly, the report analyses the possible impact of COVID-19 on the market dynamics which offers cushioning against the uncertain business environment and helps in streamlining the resources and investment decisions in a fruitful manner.
Stratview Research has segmented the market in the following ways which fulfil the market data needs of multiple stakeholders across the industry value chain.
View the Report Scope and Table of Contents.
Based on the bearing type-
Roller bearings are expected to remain the largest segment of the market during the forecast period, driven by spherical roller bearings’ high-load carrying capacity and an ability to accommodate misalignment, helping the market stakeholders to obtain low maintenance costs and longer bearing service life.
Based on the application type-
The conveyor is expected to remain the biggest demand generator of bearings during the forecast period. Conveyors are popularly used across industries as they lessen footprint by maximizing space, improving efficiency, boosting accuracy, bringing down production and labor costs, and enhancing workforce safety.
Region-wise Analysis –
Europe is expected to be the largest market for material handling bearings during the forecast period. Germany is the largest market in the region driven by the dominance of the country in industries such as automobile, electronics, food & beverage, and manufacturing, creating a huge demand for material handling equipment.
According to the report, the rise in the activities, such as manufacturing and logistics, paired with an increased focus on automation, enhancing productivity, and maximizing safety are signaling towards a healthy recuperation, helping the market to grow at a promising CAGR of 5.9% during 2021-2026.
The Covid-19 pandemic has fast-tracked business and digital transformation in the material handling industry. The outbreak of the pandemic caused the closure of many businesses, while many of them continued to operate, although at reduced volumes, throughout the pandemic. The global crisis emphasized the need for automation to increase efficiency in the material handling industry. The material handling bearings market typically relies on the organic growth of the material handling industry and usually takes the same path as the latter.
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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 material handling bearings market.
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