02.09.2015 Views

Bearings for Mechanical and Electrical Products Market

Bearings are basically mechanical components which helps certain mechanical parts rotate easily with low friction. Bearings can be classified into ball bearings, plain bearings, roller bearings, fluid bearings, magnetic bearings, jewel bearings and flexure bearings.

Bearings are basically mechanical components which helps certain mechanical parts rotate easily with low friction. Bearings can be classified into ball bearings, plain bearings, roller bearings, fluid bearings, magnetic bearings, jewel bearings and flexure bearings.

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KEY INSIGHTS<br />

Schaeffler Group, Timken, NSK, NTN, SKF Limited <strong>and</strong> JTEKT together account <strong>for</strong> more<br />

than 50.0% of the global bearings market<br />

Radial deep groove ball bearings are the type of rolling bearings, accounting <strong>for</strong> more than<br />

25.0% of the world bearing dem<strong>and</strong><br />

The tapered roller bearings are the most common roller bearings compared to others<br />

Asia-Pacific holds almost 45.0% of the global bearings market<br />

China is the most dominant market in Asia-Pacific <strong>and</strong> across the world where domestic<br />

manufacturers were dominating the market rather than international players<br />

Airwolf 3D, the company located in Cali<strong>for</strong>nia, U.S. recently launched 3D printed bearings <strong>for</strong><br />

real time applications<br />

American Babbitt Bearing, the company located in West Virginia, U.S. has delivered two turbine<br />

guide bearings <strong>for</strong> the U.S. Army Corps of Engineers' First Powerhouse at Bonneville Dam<br />

Boca Bearing Company in December 2014, launched new ceramic balls, stainless steel bearings,<br />

ceramic hybrid bearings, <strong>and</strong> full ceramic bearings <strong>for</strong> flow meter applications<br />

H-D Advanced Manufacturing acquired Intellifuse Technologies LLC, the manufacturer of<br />

radial bearings located in Houston, U.S

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