Market Intelligence Study on the Ball and Roller Bearings Market
With developing countries focusing more on manufacturing efficient high-speed trains, the top industry players in the railway power transmission bearing market have started focusing more on developing durable insulated bearings, which are used in high-speed trains. In 2015, the total number of locomotives, electric multiple units (EMUs), Diesel Electric Multiple Units (DMUs), and Diesel–Electric Multiple […]
With developing countries focusing more on manufacturing efficient high-speed trains, the top industry players in the railway power transmission bearing market have started focusing more on developing durable insulated bearings, which are used in high-speed trains. In 2015, the total number of locomotives, electric multiple units (EMUs), Diesel Electric Multiple Units (DMUs), and Diesel–Electric Multiple Unit (DEMUs) manufactured was about 1,584 units in North America and 4,9561 units in Europe. This subsequently resulted in the consumption of one million bearings in North America and Europe alone. It has also been noted that the application of roller bearings in traction motors and reductors is relatively high compared to ball bearings. Consequently, the demand for roller bearings is higher than that of ball bearings in the power and transmission segment for railway vehicles. However, at present, insulated bearings are being replaced by hybrid bearings as they are made of ceramic material and have a longer operating life compared to other bearings.
To help clients who are looking to invest in the global ball and roller bearings market space, Infiniti’s market intelligence solutions offer actionable insights to help clients venture into new markets and understand the various technological advancements. Furthermore, by identifying the key competitors and understanding the change in consumers’ preferences, this market intelligence study helps market-leading industry players develop effective growth strategies to enter potential markets.
The Business Challenge
A leading manufacturing company wanted to understand the market for the ball and roller bearings used in power and transmission units in railway vehicles. The client wanted to derive insights into the market including market trends and technological advances for the ball and roller bearings in the US and Europe. The client also wanted to identify the list of manufacturers for all the bearings used in traction motors, gear boxes, and reductors in locomotives, EMUs, DMUs, and DEMUs vehicles.
Our Research Methodology
Our industry experts at Infiniti carried out extensive research comprising of interviews and discussions with leading market stakeholders, business executives, consultants, researchers, analysts, and key opinion leaders. As a part of the secondary research, our experts collated information from proprietary databases such as company publications, relevant websites, and industry forums.
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Our Solution Helped the Client
- Understand the market size assessment of ball and roller bearings
- Assess the market landscape based on current and forecast period
- Understand the segmentation of the market in terms of the bearing type
- Identify the key OEMs in the market
Benefits of Our Integrated Approach
After a deep dive assessment of the market landscape, the client gained a better understanding of the market landscape in terms of segmentation by region and bearing type. The client was able to analyze the latest designs and technological developments in the market space. The engagement helped the client understand cost competitiveness and maximize cash flows.
A must-read market intelligence study for strategy experts and decision makers looking to obtain effective market and competitive analysis of the ball and roller bearings used in the power and transmission units of railway vehicles.
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