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March 3, 2021

Home / Linear Bearings Market Poised to Surge from USD 4,512 Million in 2018 to USD 8,670 Million, Globally by 2028

Linear Bearings Market Poised to Surge from USD 4,512 Million in 2018 to USD 8,670 Million, Globally by 2028

Anurag Sharma

Last updated on:March 3, 2021 Market.us

Linear bearings are used in a plethora of industries as it is needed to allow for a smooth range in motion in the movement of cargo over a particular distance. Loads that need not be moved in a straight line and usually implements either a pad, bushing or roller system to operate. One can say that the durability of the bearing is determined by the load and speed of the cargo. Market.us has recently published a market research report titled, “Global Linear Bearings Market by Type, and by Application – Forecast from 2019 to 2028”. This report offers an exhaustive analysis of the linear bearings market. It is through religiously thorough research efforts, both primary and secondary, that research results have been over the study period examined in a fastidious manner. The global linear bearings market is projected to have a valuation of over US$ 8,670 million, from its estimated revenue of US$ 4,512 million generated in 2018.

The difference in the types of uses of linear bearings are as follows:

Linear bearings – are used in applications where a load needs to be moved in a straight line and with a high level of accuracy. The load or object may even need to return to its point of origin. These bearings have larger load capacities and come in a range of designs. Roller bearings – these carry a load between point A-B with the help of roller balls or rollers. These happen between two bearing rings and are known as races. There are two types of roller bearings that are manufactured, one known as ball slides and the other roller slides. The implementation of linear bearings in an industrial environment may differ with some being small enough to move biological samples a few millimeters under a microscopic lens and others moving cargo that weighs several tons over a greater distance. What helps in the ease of movement of the intended cargo is the rolling element of the bearing.

Global Linear Bearings Market by Product Type

The initiatives by several governments ( ‘Made in India’ and ‘Made in China 2025’) that are focused on the growth of the domestic sectors of these respective nations are set to fuel the demand for the linear bearings market in the foreseeable future. The high-cost of linear bearings, when compared to other forms of cargo transportation systems is what remains to be a hindrance to the market. That being said, the implementation of smart bearings which are self-aligning bearing plates that can cater to an enhanced load capacity will serve as an adequate boost to this market over the foreseeable future.

The global linear bearings market can be segmented on the basis of product type, application, and region. In relation to product type, the linear bearings market is segmented into rolling linear bearings and plain linear bearings. In this instance, rolling linear bearings account for a predominant share of the market and will continue to do so over the forecasted tenure. With respect to application, segmentation is as follows, machinery & equipment, the automotive industry, aerospace & defense, and medical devices followed by other applications. Here, the lion’s share of the market belongs to the machinery & equipment segment.

In terms of region, the market is segmented into North America, Europe, China, Japan, Southeast Asia, the Middle East & Africa, and other countries. A major share of the global linear bearings market is possessed by Chinese accounts and is expected to index the highest rate of growth over the forecasted tenure. The global linear bearings market research report includes company profiles of major players such as JTEKT Corporation, Nippon Bearing Co. Ltd., SKF AB, SAMICK Precision Ind. co. Ltd., NTN Corporation, RBC Bearings Inc. and IKO International Inc., etc.

Anurag Sharma

He has been helping in business of varied scales, with key strategic decisions. He is a specialist in healthcare, medical devices, and life-science, and has accurately predicted the trends in the market. Anurag is a fervent traveller, and is passionate in exploring untouched places and locations. In his free time, he loves to introspect and plan ahead.

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