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RAIPUR, India, October 13, 2021/PRNewswire/--Stratview Research announced the release of a new research report on the machine tool bearing market by bearing type (ball bearings [angular contact ball bearings, deep groove ball bearings and others]). Sub-bearings [tapered roller bearings, cylindrical roller bearings and others]), according to material types (metal bearings, non-metal bearings and hybrid bearings), according to application types (metal cutting and metal forming), according to end user types (OE and Aftermarket), and by region (North America, Europe, Asia Pacific, and the rest of the world).

This strategic evaluation report from Stratview Research provides a comprehensive analysis that reflects the reality of the machine tool bearing market today and the future market possibilities for the forecast period from 2021 to 2026. , Construction bearing and wind energy bearing market reports from industry stakeholders, we try to further expand our research scope to the machine tool bearing market to provide the clearest market picture. The report segments and analyzes the market in the most detailed way to provide a panoramic view of the market. The important data/information provided in the report can play a vital role for market participants and investors in identifying the low-hanging fruit available in the market and formulating growth strategies.

Machine Tool Bearing Market: Highlights of the report

Machine tools are highly customized products, tailored to the needs of customers. They are complex machines that can manufacture parts of various shapes, sizes and materials. The spindle is an important part of the machine tool industry and is used to shape materials using high-speed rotation and pressure. With the continuous advancement of modern machinery, the demand for processing equipment that is faster, more precise and more durable than ever before continues to grow. The bearing is an important part to guide and improve the movement of the main shaft. The use of high-quality bearings can improve the efficiency and reliability of the machine tool spindle, thereby increasing production and reducing mechanical wear.

COVID-19 has affected almost all industries served by machine tool manufacturers. The global crisis has plunged the machine tool industry into chaos. Due to the blockade, the demand for machine tools fell, and subsequent investment in the industry decreased. The machine tool bearing market usually relies on the organic growth of the machine tool industry and usually follows the same path as the latter. Due to the pandemic, the main challenges faced by industry stakeholders are reduced orders, supply chain disruption, and uncertainty in future demand.

In the downtime and economic uncertainty associated with the pandemic, all major stakeholders responded by adjusting capacity planning to adapt to the new situation and focusing on solving recent financial management issues. The strong support of governments in most regions, coupled with the joint efforts of original equipment manufacturers and other sectoral stakeholders to mitigate the short-term and long-term challenges of COVID-19, is sending a signal to health and rapid recovery to help the machine tool bearing market 2021- The compound annual growth rate in 2026 is 5.2%, reaching US$3.7 billion by 2026.

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According to the bearing type, ball bearings are further divided into angular contact ball bearings, deep groove ball bearings and so on. In a similar way, roller bearings are further classified into tapered rollers, cylindrical rollers, spherical rollers, and so on. Due to the wide deployment of angular contact ball bearings in the spindles of machine tool equipment, it is expected that ball bearings will still occupy a larger market share during the forecast period. They consist of one or more rows of balls between concentric grooved rings and can be used to bear radial and axial loads in one direction.

Depending on the type of application, metal cutting is expected to become a dominant part of the market during the forecast period. Metal cutting applications include machine tools that widely use spindles in their designs, such as lathes, drilling machines, milling machines, boring machines, and grinders. The bearing is a key component that guides and promotes the movement of the main shaft. The use of high-quality bearings improves the efficiency and reliability of the machine tool spindle; thereby increasing output and reducing machine wear.

From a regional perspective, the Asia-Pacific region is expected to become the largest and fastest growing machine tool bearing market during the forecast period. Increasing demand for metal cutting machine tools, coupled with a complete supply chain, and significant expansion and investment in the automotive, oil and gas, and railway industries in the region are the main factors driving the growth of the machine tool bearing market in the region. Due to the increased demand for manufacturing process automation and precision and the increase in demand for electric vehicles, Europe is also expected to provide considerable growth opportunities during the forecast period.

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The supply chain of this market includes several nodes, including raw material suppliers, bearing manufacturers, OEM and MRO companies. The following are the main players in the machine tool bearing market.

In order to maximize production, the machine tool was pushed to its limit. At the same time, machine operations have become more and more complex. Higher speed and faster development put a lot of pressure on the basic components of the machine, especially the spindle unit. The industry is turning to the development of new application-oriented bearings to meet the needs of specific industries. Bearing manufacturers focus on meeting customer needs, such as reducing energy loss and increasing production capacity through lubrication methods.

The report provides market intelligence in the most comprehensive way. Retain the reporting structure to provide maximum business value. It provides important insights into market dynamics and will provide strategic decisions for existing market participants and those willing to enter the market. The following are the main features of the report:

This report studies the machine tool bearing market and subdivides the market in five ways, keeping in mind the interests of all stakeholders in the value chain. Here are five ways to segment the market:

Machine tool bearing market, by bearing type

Machine tool bearing market, by material type

Machine tool bearing market, by application type

Machine tool bearing market, by end-use type

Machine tool bearing market, by region

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