ball and roller bearings Archives - Business Intelligence

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Market Entry Strategies

Market Intelligence Study Helps a Leading Manufacturing Company Assess the Market Landscape

During 2016, the combined market size for bearings in construction and food & beverage was growing at an average CAGR of 9.1% in terms of revenue and 6.8% in terms of volume.

Bearings finds its usage in countless points of applications to reduce the friction between an object and the surface over which it is moved. With rapidly changing technology, bearings have witnessed advancements primarily in terms of the material of construction and angular arrangements of the rolling elements to maximize load bearing capacity and minimize the loss of energy to overcome friction. Owing to increasing need to minimize energy loss, the construction and food and beverages segments are leveraging the use of bearings.

In terms of the global market size, the construction industry was the dominating end-user segment in the bearings market with a CAGR of nearly 7% in terms of volume and it was followed by the food and beverages segment with a CAGR of over 6%. By application, earth moving equipment under construction vehicle and beverage bottling under food and beverage processing contributes to the highest share of bearing market. Bearings are also widely used across major sectors such as automobiles, railways, electric motors, diesel engines, pumps, machine tools, and textile machinery.

Over the years, the bearings market has witnessed significant growth owing to factors such as the growth of replacement market, robust technological advances, and rapid industrialization. The rising demand for bearing in emerging economies such as China and India is also likely to drive this market’s growth. However, factors such as the increasing number of counterfeit products, high-cost, price sensitive customers, and stringent regulation imposed by FDA and USDA are hindering the growth of the market. With a detailed understanding on the bearings market, market intelligence experts at Infiniti provided a comprehensive understanding of the market in terms of the market landscape, growth drivers, challenges, competition, and distribution channels.

The Business Challenge

A manufacturing company based out of the US wanted an understanding on the global bearings market in terms of the market landscape, key competitors, market positioning, and the distribution channel. The client was facing critical challenges understanding the growth prospects of the bearing market in the construction and food and beverage sectors. Moreover, to derive better insights into the competitive landscape, the client wanted to analyze the market size based on the geographical regions.

Our Research Methodology

To assess the market landscape for bearings, our team of experienced market intelligence experts carried out exhaustive primary research comprising of interviews and discussions with leading stakeholders, such as business executives, manufacturers, buyers, purchasers, consultants, analysts, researchers, and members of trade associations. Also, to gain in-depth understanding of the market, our market research experts referred to proprietary databases such as company publications, case studies, journals/magazines, news aggregators, and industry forums.

Want to learn more about Infiniti’s research methodology?

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Our Solutions Helped the Client:

  • Gain a comprehensive overview of the competitive landscape, market size, and distribution channel
  • Effectively strategize the market segmentation across regions
  • Mapping high probability/high impact future market trends

Benefits of Our Integrated Approach

After a comprehensive benchmarking exercise, our client gained better understanding on the market landscape. Also, the client was able to identify the competitive threats and understand the growth potential of bearing market across various industrial segments such as construction and food and beverages. The market intelligence study helped the client position strategies on how to differentiate their products against competitors.

A must-read case study for strategy experts and decision makers looking for effective solutions in the manufacturing sector

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Introduction of Hybrid Balls and Bearings to Transform the Power and Transmission Units of Railway Vehicles

The recent market intelligence study by Infiniti Research on the competitive landscape for ball and roller bearings used in the power and transmission units of railway vehicles provides actionable insights on the technological advances and product innovations in the locomotive sector.

Tracking the recent developments in the locomotive sector

The drive towards manufacturing efficient high-speed trains has encouraged vendors in the market to develop innovative technology, resulting in the development of durable insulated bearings. The 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 during 2015. The market intelligence study estimate the consumption of bearings in North America and Europe to be around one million in 2015; roller bearings had a much higher demand as compared to ball bearings.

The market intelligence assessment further notes that hybrid bearings, which are made of ceramic material, have taken precedence over insulated bearings, as hybrid bearings have a much longer operating life compared to other bearings. The study also assists balls and roller bearings manufacturers to venture into new markets and develop effective growth strategies by apprehending consumer preferences and technological advancements.

Key technological developments

The vendors are introducing different types of bearings used in traction motors, gear boxes, and reductors in locomotives EMUs, DMUs, and DEMUs vehicles to attract more consumers. The increasing focus on cost-effective, feasible, and environmentally-friendly products will encourage suppliers to invest in research and development of new machineries. The introduction of lightweight bearings will enhance the product quality by reducing energy consumption and friction during operations.

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Power and transmission units in railway vehicles

Balls and bearings form an integral part of the power and transmission units of railway vehicles. Understanding the level of permanent magnet traction motor usage in the field of diesel locomotives and diesel multi units will enable the consumers to use the best products available in the market. The introduction of new products will help revolutionize the locomotive industry.

Solutions and recommendations

The market intelligence team at Infiniti Research offers a comprehensive breakdown for ball and roller bearings in the power and transmission units of railway vehicles and its growth prospects over the next few years. Some of the solutions offered include:

  • Develop an analytical framework, create data points repository, and identify key market stakeholders and business executives for primary research
  • Design data modeling and scenario testing methodologies to address the challenges and understand the market landscape of ball and roller bearings
  • Provide a competitor overview and the type of ball and roller bearings used in the power and transmission units of railway vehicles within the target regions
  • Offer insights on market analysis, market trends, technological advancements, and the top manufacturers in the market
  • Analyze the latest designs and technological developments in the market space

Read our comprehensive case study on how we helped a leading manufacturer assess the competitive landscape for ball and roller bearings used in the power and transmission units of railway vehicles

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Other case studies you might be interested in:

 

For any queries, reach us at – hello@infinitiresearch.com

Manufacturing Industry

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 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 a2that 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.

Want to learn more about Infiniti’s research methodology?

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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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