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Needle roller bearing market insights in 2021: [Report on page 144] Needle roller bearings are bearings that use small cylindrical rollers. These rollers are used to reduce friction on the rotating surface. Compared with ball bearings, needle roller bearings have a larger contact surface area with the bearing raceway journal.
The typical structure of a needle roller bearing includes an inner ring (or sometimes just a shaft), a needle roller cage that locates and accommodates the needle roller, the needle roller itself, and the outer raceway. Needle roller bearings have many different designs, including stamped outer rings, precision raceways, cage rollers and thrust rollers.
The main manufacturers in this industry are Schaeffler, NSK and SKF, which account for 16.60%, 12.27% and 10.98% of the market respectively.
Market Analysis and Insight: Global and China Needle Roller Bearing Market
This report focuses on the global and Chinese needle roller bearing market.
In 2020, the global needle roller bearing market is worth 3.951 billion U.S. dollars and is expected to reach 4.785.1 billion U.S. dollars by the end of 2027, with a compound annual growth rate of 2.8% from 2021 to 2027. In China, the needle roller bearing market is expected to grow from one million US dollars in 2020 to one million US dollars in 2027, with a compound annual growth rate of xx% during the forecast period.
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The main players in the needle roller bearing market are Schaeffler, NSK, SKF, JTEKT, IKO, NTN, Timken, C&U Group, Suzhou Bearing, LYC, RBC Bearing, South Bearing, ZWZ, Xiangyang Automotive Bearing
The near-term opportunity for needle roller bearings is that the global demand for needle roller bearings market is expected to report strong development driven by consumption in major development markets. Compared with a few years ago, there will be more growth opportunities between 2021 and 2027, which means that the pace of change is rapid.
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Needle roller bearing market type segmentation analysis (available market size, consumption, average price, revenue, market share and 2014-2027 trends from 2021-2027):
The main factor affecting the growth of the needle roller bearing market is the increasing use of needle roller bearings in the automotive, industrial, aerospace, other and other industries
The regions that are expected to dominate the needle roller bearing market are North America, Europe, Asia Pacific, South America, the Middle East and Africa, etc.
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