Just Published: "Global Anti-friction Bearings Market 2015-2019"

Fast Market Research announces the availability of Technavio's new report "Global Anti-friction Bearings Market 2015-2019" on their comprehensive research portal.

Anti-friction bearings are mechanical devices employed to reduce friction between rotating equipment. Based on construction, anti-friction bearings are mainly classified into small- and large-bore ball and roller bearings. Roller bearings are further classified into needle, cylindrical, spherical, and tapered roller bearings.

Technavio's analysts forecast the global anti-friction bearings market to grow at a CAGR of 7.02% during 2014-2019.

Get More Details on this Report and a Full Table of Contents at Global Anti-friction Bearings Market 2015-2019

Commenting on the report, an analyst from Technavio’s team said: "The leading players in the market are investing heavily in R&D to foster more innovative designs. The market leaders are striving to enhance the inherent characteristics associated with the operation of anti-friction bearings including the expansion of service life, lowering of torque, and reduction of maintenance costs and weight. Some innovative designs developed by global manufacturers such as ceramic bearings are already in use."

According to the report, customer awareness about the choice of supplier has increased significantly. The decision is essentially made based on the total cost of ownership of the bearings. Therefore, all expenses associated with the purchase and maintenance of a machine or part of the equipment and lubrication expenses are considered before selecting a particular supplier.

Further, the report states that the global anti-friction bearings market is highly fragmented with the presence of many local, regional, and international vendors. Consequently, new players forayed into the market by providing anti-friction bearings at competitive prices. In addition, key vendors worldwide are adopting a low-price strategy to gain market share. This reduction in price will affect their overall profit margins considerably.

The key players in the Global Anti-friction Bearings Market are JTEKT Corp., NSK Ltd., NTN Corp., Schaeffler AG & Co. and SKF AB while other prominent vendors include INA Bearing, Koyo Bearings, Nachi-Fujikoshi and NMB Bearings

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

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