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  • Writer's pictureRahul Gadve

Europe Ball Bearings Market 2020 Industry Size, Business Opportunities, Top Key Players, and Global


The Europe ball bearings market size is projected to reach USD 5.50 billion by 2027, exhibiting a CAGR of 1.9% during the forecast period. Introduction of Industry 4.0 technologies in the production of bearings will create huge opportunities in the market, observes Fortune Business Insights™ in its report, titled “Europe Ball Bearings Market Size, Share & COVID-19 Impact Analysis, By Product Type (Self Aligning Ball Bearings, Deep Grove Ball Bearings, Angular Contact Ball Bearings & Others), By Application (Automotive, Industrial machinery, Mining & Construction, Medical & Others), and Country Forecast, 2020-2027”.

Smart manufacturing powered by Industry 4.0 technologies such as artificial intelligence (AI), machine learning (ML), and the internet of things (IoT) is gaining traction across Europe. The main reasons behind the rapid adoption of intelligent technologies in the region is the increasing focus on enhancing workplace efficiency and productivity as well as establish environmentally sustainable manufacturing processes. Some of largest manufacturing companies in Europe are speedily deploying Industry 4.0 tools to produce industrial equipment. Schaeffler AG, for instance, has been utilizing a machine tool at its plant in Hoechstadt, Germany that is equipped with numerous sensors and is engaged in producing high-precision bearings. These roller bearings will, in turn, be used in operating the company’s machine tools. Similarly, in 2019, SKF installed Industry 4.0 technologies at its bearings plant in Italy to augment its innovation capabilities. Employment of smart technologies by European manufacturers will boost the ball bearings Europe Ball Bearings Market growth in the region.

Click here to get sample copy the short-term and long-term impact of COVID-19 on this market.

Highlights of the Report:

  • Market Penetration: Comprehensive information on the product portfolios of the top players in the Europe Ball Bearings Market.

  • Product Development/Innovation: Detailed insights on the upcoming technologies, RandD activities, and product launches in the Europe Ball Bearings Market

  • Competitive Assessment: In-depth assessment of the market strategies, geographic and business segments of the leading players in the Europe Ball Bearings Market

  • Market Development: Comprehensive information about emerging markets. This report analyzes the market for various segments across geographies

  • Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the Europe Ball Bearings Market

List of Key Companies Profiled in the Europe Ball Bearings Market Report:

  • THB Bearings (China)

  • SKF (Sweden)

  • ISB Industries (Italy)

  • Luoyang Huigong Bearing Technology Co. Ltd. (China)

  • Myonic GmbH (Germany)

  • Schaeffler AG (Germany)

  • The Timken Company (United States)

  • NTN Bearing Corporation (United States)

  • Koyo (Japan)

  • LYC Bearing Corporation (China)

  • Nachi Fujikoshi Corp (Japan)

  • NSK Ltd. (Japan)

Regional Insights

Germany to be the Leading Country Backed by Advanced Manufacturing Technologies

At USD 1.64 billion in 2019, Germany is set to dominate the Europe ball bearings market share during the forecast period owing to the deployment of cutting-edge manufacturing technologies in the country. Moreover, the demand for efficient bearing solutions is steadily rising from various end-use industries such as food processing, construction, and pharmaceutical, creating conducive environment for the growth of the market in Germany.

In Italy and the United Kingdom, the adoption of advanced bearings is getting stoked by the growing intensity of operations in the mining, aerospace, and construction industries. On the other hand, the market in France is expected to undergo a period of dynamic growth on account of the increasing investments in businesses specializing in industrial machineries in the country.

Table Of Content Europe Ball Bearings Market

1 Introduction

1.1. Definition, By Segment 1.2. Research Methodology/Approach 1.3. Data Sources

2 Key Takeaway

3 Europe Ball Bearings Market Dynamics

3.1. Macro and Micro Economic Indicators 3.2. Drivers, Restraints, Opportunities and Trends 3.3. Impact of COVID-19 3.3.1. Short-term Impact 3.3.2. Long-term Impact

4 Competition Landscape

4.1. Business Strategies Adopted by Key Players 4.2. Consolidated SWOT Analysis of Key Players 4.3. PESTLE Analysis 4.4. Porter’s Five Force Analysis 4.5. Supply chain Analysis 4.6. Europe Ball Bearings Market Share Analysis and Matrix, 2019

5 Key Market Insights and Strategic Recommendations

6 Profiles of Key Players (Would be provided for 10 players only)

6.1. Overview 6.1.1. Key Management 6.1.2. Headquarters etc

6.2. Offerings/Business Segments

6.3. Key Details (Key details are subjected to data availability in public domain and/or on paid databases) 6.3.1. Employee Size 6.3.2. Key Financials 6.3.2.1. Past and Current Revenue 6.3.2.2. Gross Margin 6.3.2.3. Geographical Share 6.3.2.4. Business Segment Share

6.4. Recent Developments

Competitive Landscape

Key Players to Compete by Launching Innovative Offerings

With an aim to further entrench their position, key players in the Europe Ball Bearings Market are engaged in an intense yet healthy competition. This competition is characterized by the frequent launch of innovative bearing products by the companies, which is not only diversifying their portfolios but is also allowing them to expand into untapped regional markets.

Industry Developments:

  • June 2020: SKF announced an investment of SEK 400 million to set up a new ball bearing manufacturing plant in China. The investment is a part of the company’s strategic expansion in China’s manufacturing sector.

  • July 2019: Schaeffler AG announced that it will be successively incorporation new rolling features in its entire 241-series spherical roller bearings with bore elements of 500mm and above. The new rollers will be more robust due to the optimized micro-geometry on the ends of the rollers.

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About Us:

Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data.

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