Trunnion Spherical Bearings Market, By Type (Split Spherical Roller Bearings and Non-split Bearings), By Industry (Aviation, Oil and Gas, Manufacturing, Energy, and Others), By Distribution Channel (Online Sales, Company Direct Sales, and Distributor Sale

Trunnion Spherical Bearings Market, By Type (Split Spherical Roller Bearings and Non-split Bearings), By Industry (Aviation, Oil and Gas, Manufacturing, Energy, and Others), By Distribution Channel (Online Sales, Company Direct Sales, and Distributor Sales), By Region (North America, Europe, Asia Pacific, Latin America, Middle East, and Africa) - Size, Share, Outlook, and Opportunity Analysis, 2022 - 2030

Trunnion spherical bearings are special type of bearings that are used in equipment that is undergoing two types of stresses, namely axial and rotational. The demand for trunnion spherical bearings has increased in the recent past, owing to rapid adoption of industrial automation in various industries such as oil and gas, chemical, manufacturing, energy, and others. Furthermore, key players in the market are also providing customized trunnion spherical bearings, which will increase demand for trunnion spherical bearings in the near future. For instance, SKF bearing is providing customized bearing for the aviation industry.

The global trunnion spherical bearings market is estimated to account for US$ 60,840 Mn in terms of value by the end of 2030.

Market Dynamics

Increasing demand for trunnion spherical bearings in the manufacturing industry is expected to create lucrative growth opportunities during the forecast period. Manufacturing industry is rapidly growing, owing to increasing demand for electronic components in the world. Electronic component manufacturers are adopting various technologies such as robotics for manufacturing, as it increases the production rate and reduces the production cost by reducing material waste. All production machines such as drilling, rotating equipment, turbines, and others are equipped with trunnion spherical bearings. These are main equipment in any manufacturing plant. Therefore, growing manufacturing industry will drive growth of the global trunnion spherical bearings market over the forecast period. In February 2019, according to a report published by the United Nations Industrial Development Organization, the manufacturing sector registered 3.6% CAGR in 2018.

Furthermore, increasing demand for mining equipment is expected to drive the global trunnion spherical bearings market growth during the forecast period. According to Coherent Market Insights’ analysis, the global mining market was valued at US$ 346.8 billion in 2019 and is expected to register a CAGR of 4.2% over the forecast period 2020-2025. Increasing demand for automation in the mining industry will create growth opportunities for key players. Furthermore, mining equipment such as drilling, grinding, crusher, and others operates under harsh environment such as high temperature, dust, and humidity, which will increase the need for servicing. Among all these machines, bearing is one of the major components that need constant monitoring and servicing, as its life span is affected by environmental parameters. Thus, increasing demand for mining equipment provides growth opportunities to both the new product market and after service market.

Key features of the study:

  • This report provides an in-depth analysis of the global trunnion spherical bearing market and provides market size (US$ million) and compound annual growth rate (CAGR %) for the forecast period (2022-2030), considering 2021 as the base year.
  • It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrix for this market
  • This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategy adopted by leading players
  • It profiles leading players in the global trunnion spherical bearing market based on the following parameters – regulatory landscape, company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
  • Key companies covered in the global trunnion spherical bearing market are AB SKF, Pratt & Whitney, Rockwell Automation, Inc., Safran S.A., Avio S.p.A., IHI Corporation, AST Bearings LLC, Thomson Industries, Inc., NTN Corporation, NSK Ltd., Schaeffler Technologies AG & Co. KG, General Electric Company, ILJIN co., ltd., JTEKT Corporation, The Timken Company, GMB Corporation, and others.
  • The market players are focusing on strategic collaborations to innovate and launch new products to meet the increasing needs and requirements of consumers.
  • Insights from this report would allow marketers and management authorities of companies to make informed decision regarding future product launches, technology upgradation, market expansion, and marketing tactics
  • The global trunnion spherical bearing market report caters to various stakeholders in this industry including investors, suppliers, distributors, new entrants, and financial analysts
  • Stakeholders would have ease in decision-making through the various strategy matrices used in analyzing the global trunnion spherical bearing market.
Detailed Segmentation
  • Global Trunnion spherical bearing Market, By Type:
  • Split Spherical Roller Bearings
  • Non-split Bearings
  • Global Trunnion spherical bearing Market, By Industry:
  • Aviation
  • Oil and Gas
  • Manufacturing
  • Energy
  • Others
  • Global Trunnion spherical bearing Market, By Distribution Channel :
  • Online Sales
  • Company Direct Sales
  • Distributor Sales
  • Global Trunnion spherical bearing Market, By Region:
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa
  • Company Profiles
  • AB SKF*
  • Company Overview
  • Product Portfolio
  • Financial Performance
  • Key Strategies
  • Recent Developments
  • Pratt & Whitney
  • Rockwell Automation, Inc.
  • Safran S.A.
  • Avio S.p.A.
  • IHI Corporation
  • AST Bearings LLC
  • Thomson Industries, Inc.
  • NTN Corporation
  • NSK Ltd.
  • Schaeffler Technologies AG & Co. KG
  • General Electric Company
  • ILJIN co., ltd.
  • JTEKT Corporation
  • The Timken Company
  • GMB Corporation
“*” marked represents similar segmentation in other categories in the respective section


1. Research Objectives and Assumptions
Research Objectives
Assumptions
Abbreviations
2. Market Purview
Report Description
Market Definition and Scope
Executive Summary
Market Snippet, By Type
Market Snippet, By Industry
Market Snippet, By Distribution Channel
Market Snippet, By Region
Coherent Opportunity Map (COM)
3. Market Dynamics, Regulations, and Trends Analysis
Market Dynamics
Drivers
Restraints
Market Opportunities
Regulatory Scenario
Industry Trend
Merger and Acquisitions
New system Launch/Approvals
Impact of COVID-19 Pandemic
4. Global Trunnion Spherical Bearings Market, By Type, 2017-2030 (US$ Million)
Introduction
Market Share Analysis, 2022 and 2030 (%)
Segment Trends
Split Spherical Roller Bearings
Introduction
Market Size and Forecast, 2017–2030, (US$ Million)
Non-split Bearings
Introduction
Market Size and Forecast, 2017–2030, (US$ Million)
5. Global Trunnion Spherical Bearings Market, By Industry, 2017-2030 (US$ Million)
Introduction
Market Share Analysis, 2022 and 2030 (%)
Segment Trends
Oil and Gas
Introduction
Market Size and Forecast, 2017–2030, (US$ Million)
Manufacturing
Introduction
Market Size and Forecast, 2017–2030, (US$ Million)
Energy
Introduction
Market Size and Forecast, 2017–2030, (US$ Million)
Others
Introduction
Market Size and Forecast, 2017–2030, (US$ Million)
6. Global Trunnion Spherical Bearings Market, By Distribution Channel, 2017-2030 (US$ Million)
Introduction
Market Share Analysis, 2022 and 2030 (%)
Segment Trends
Online Sales
Introduction
Market Size and Forecast, 2017–2030, (US$ Million)
Company Direct Sales
Introduction
Market Size and Forecast, 2017–2030, (US$ Million)
Distributor Sales
Introduction
Market Size and Forecast, 2017–2030, (US$ Million)
7. Global Trunnion Spherical Bearings Market, By Region, 2017-2030 (US$ Million)
Introduction
Market Share Analysis, By Region, 2022 and 2030 (%)
North America
Regional Trends
Market Size and Forecast, By Type, 2017–2030 (US$ Million)
Market Size and Forecast, By Industry, 2017–2030 (US$ Million)
Market Size and Forecast, By Distribution Channel, 2017–2030 (US$ Million)
Market Share Analysis, By Country, 2022 and 2030 (%)
U.S.
Canada
Europe
Regional Trends
Market Size and Forecast, By Type, 2017–2030 (US$ Million)
Market Size and Forecast, By Industry, 2017–2030 (US$ Million)
Market Size and Forecast, By Distribution Channel, 2017–2030 (US$ Million)
Market Share Analysis, By Country, 2022 and 2030 (%)
U.K.
Germany
France
Italy
Russia
Rest of Europe
Asia Pacific
Regional Trends
Market Size and Forecast, By Type, 2017–2030 (US$ Million)
Market Size and Forecast, By Industry, 2017–2030 (US$ Million)
Market Size and Forecast, By Distribution Channel, 2017–2030 (US$ Million)
Market Share Analysis, By Country, 2022 and 2030 (%)
China
India
Japan
ASEAN
Australia
South Korea
Rest of Asia Pacific
Latin America
Regional Trends
Market Size and Forecast, By Type, 2017–2030 (US$ Million)
Market Size and Forecast, By Industry, 2017–2030 (US$ Million)
Market Size and Forecast, By Distribution Channel, 2017–2030 (US$ Million)
Market Share Analysis, By Country, 2022 and 2030 (%)
Brazil
Argentina
Mexico
Rest of Latin America
Middle East and Africa
Market Size and Forecast, By Type, 2017–2030 (US$ Million)
Market Size and Forecast, By Industry, 2017–2030 (US$ Million)
Market Size and Forecast, By Distribution Channel, 2017–2030 (US$ Million)
Market Share Analysis, By Country, 2022 and 2030 (%)
South Africa
GCC Countries
Rest of the Middle East and Africa
8. Competitive Landscape
Company Profiles
AB SKF
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments/Updates
Pratt & Whitney
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments/Updates
Rockwell Automation, Inc.
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments/Updates
Safran S.A.
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments/Updates
AviS.p.A.
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments/Updates
IHI Corporation
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments/Updates
AST Bearings LLC
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments/Updates
Thomson Industries, Inc.
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments/Updates
NTN Corporation
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments/Updates
NSK Ltd.
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments/Updates
Schaeffler Technologies AG & Co. KG
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments/Updates
General Electric Company
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments/Updates
ILJIN co., ltd.
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments/Updates
JTEKT Corporation
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments/Updates
The Timken Company
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments/Updates
GMB Corporation
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments/Updates
Analyst Views
9. Section
References
Research Methodology
About us and Sales Contact
*Browse 60 market data tables and 40 figures on "Global Trunnion Spherical Bearings Market- Global forecast t2030”.

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