Meril Life Sciences Pvt Ltd - Product Pipeline Analysis, 2023 Update

South America Bearings Market Summary, Competitive Analysis and Forecast to 2027

Summary

Bearings in South America industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value and volume 2017-22, and forecast to 2027). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.

Key Highlights

• Bearings are mechanical elements that reduce friction between moving elements and limit relative motion to desired motion. There are three main types of bearings: ball bearings, roller bearings, and other bearings. Other bearing segment’s scope includes slewing bearings, thrust ball bearings, sleeve bearings, and specialty bearings.
• The South American bearings market had total revenues of $2.7 billion in 2022, representing a compound annual growth rate (CAGR) of 1.7% between 2017 and 2022.
• The automotive segment accounted for market's the largest proportion in 2022, with total revenues of $0.7 billion, equivalent to 27.3% of the market's overall value.
• Large-scale investment and industrial expansion have resulted in moderate growth of the South American bearings market in 2022.

Scope

• Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the bearings market in South America
• Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the bearings market in South America
• Leading company profiles reveal details of key bearings market players’ global operations and financial performance
• Add weight to presentations and pitches by understanding the future growth prospects of the South America bearings market with five year forecasts by both value and volume

Reasons to Buy

• What was the size of the South America bearings market by value in 2022?
• What will be the size of the South America bearings market in 2027?
• What factors are affecting the strength of competition in the South America bearings market?
• How has the market performed over the last five years?
• Who are the top competitors in South America's bearings market?