USD 8,670.7 Mn By 2028, Global Linear Bearings Market Expected To Generate A CAGR Of 6.8% During Forecast
Pune, Maharashtra, July 24, 2019 (Wired Release) Prudour Pvt. Ltd. – Linear bearings are bearings used to provide free motion to the load on a rail in one direction. These bearings are practically used in almost all kinds of machineries. Linear bearings are used in applications where a component needs to be moved along a straight line with high accuracy. The object may also need to be returned to its origin with high repeatability. Linear bearings come in a variety of styles and have wide load capacities. A roller bearing carries a load by placing rolling balls or rollers between two bearing rings called races. These bearings are comprised of an outer ring and several rows of balls retained by cages.
Roller bearings are manufactured in two styles namely – ball slides and roller slides. Various types of linear bearings are designed according to the machining requirement. For instance, miniature linear bearings might work well moving a biologic slide sample just a few millimeters beneath a microscope lens, while industrial-bearings on injection molding machines carry tooling of several tons. Linear bearing is mounted on either a square or round rail depending on requirements of the application. The rolling element of the bearing, whether it be ball or roller slides, helps move a load with ease. The global Linear Bearings market was valued at USD 4,512 Mn in 2018 and is expected to reach USD 8,670.7 Mn by 2028 at a CAGR of 6.8%.
Favorable government initiatives such as “Make in India”, “Made in China 2025” towards the growth of domestic manufacturing sector of several emerging economies, is expected to increase focus manufacturing activities, thereby fueling demand for linear bearings in coming years. However, high cost of linear bearings, as compared to its counterpart, is expected to restrain the growth of the global linear bearings market to a certain extent. Nonetheless, the introduction of smart bearings from several key manufacturers is expected to provide lucrative opportunities to the players in the market. Smart bearings contain universally self-aligning bearing plates, which eliminates the need for derating factors commonly required for linear guides, as well as provide enhanced load capacity. This factor is further expected to augment the market for global linear bearings market.
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Global Linear Bearings market is segmented on the basis of product type, application and region. On the basis of product type, the market is segmented into Plain Linear Bearings and Rolling Linear Bearings. The Rolling Linear Bearings segment accounts for the majority share and is expected to register the highest growth over the forecast period, followed by Plain Linear Bearings segment. On the basis of application, the market is segmented into Automotive Industry, Machinery and Equipment, Medical Devices, Aerospace and Defence and Other Applications. The Machinery and Equipment segment accounts for a majority share in the global Linear Bearings market.
On the basis of region, the market is segmented into North America, Europe, China, Japan, Southeast Asia, India, South America, Middle East Africa and rest of the World. China accounts for the majority share in the global Linear Bearings market and is expected to register the highest growth rate over the forecast period. The research report on the global Linear Bearings market includes profiles of some of the major companies such as JTEKT Corporation, Nippon Bearing Co. Ltd., SKF AB, SAMICK Precision Ind. co., Ltd., NTN Corporation, RBC Bearings, Inc. and IKO International, Inc.