Thrust Bearing Market Report: Trends, Forecast and Competitive Analysis to 2030

Thrust Bearing Market Report: Trends, Forecast and Competitive Analysis to 2030

Thrust Bearing Trends and Forecast

The future of the global thrust bearing market looks promising with opportunities in the automotive, railway, wind power, and machine tool markets. The global thrust bearing market is expected to reach an estimated $2.9 billion by 2030 with a CAGR of 5.2% from 2024 to 2030. The major drivers for this market are rising adoption of electric vehicles, growing industrial automation and machinery production, and increasing demand for energy-efficient and lightweight components in automotive and aerospace industries.

A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.

Thrust Bearing by Segment

The study includes a forecast for the global thrust bearing by type, application, and region.

Thrust Bearing Market by Type [Shipment Analysis by Value from 2018 to 2030]:

• Ball Thrust Bearings
• Cylindrical Roller Thrust Bearing

Thrust Bearing Market by Application [Shipment Analysis by Value from 2018 to 2030]:

• Automotive
• Railway
• Wind Power
• Machine Tool
• Others

Thrust Bearing Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Thrust Bearing Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies thrust bearing companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the thrust bearing companies profiled in this report include-

• SKF
• Schaeffler
• NSK
• JTEKT
• NTN

Thrust Bearing Market Insights

Lucintel forecasts that ball is expected to witness the highest growth over the forecast period.

Within this market, wind power is expected to witness the highest growth over the forecast period.

APAC is expected to witness the highest growth over the forecast period.

Features of the Global Thrust Bearing Market

Market Size Estimates: Thrust bearing market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Thrust bearing market size by type, application, and region in terms of value ($B).

Regional Analysis: Thrust bearing market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different types, applications, and regions for the thrust bearing market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the thrust bearing market.

Analysis of competitive intensity of the industry based on Porter’s Five Forces model.

FAQ

Q1. What is the thrust bearing market size?

Answer: The global thrust bearing market is expected to reach an estimated $2.9 billion by 2030.

Q2. What is the growth forecast for thrust bearing market?

Answer: The global thrust bearing market is expected to grow with a CAGR of 5.2% from 2024 to 2030.

Q3. What are the major drivers influencing the growth of the thrust bearing market?

Answer: The major drivers for this market are rising adoption of electric vehicles, growing industrial automation and machinery production, and increasing demand for energy-efficient and lightweight components in automotive and aerospace industries.

Q4. What are the major segments for thrust bearing market?

Answer: The future of the thrust bearing market looks promising with opportunities in the automotive, railway, wind power, and machine tool markets.

Q5. Who are the key thrust bearing market companies?

Answer: Some of the key thrust bearing companies are as follows:

• SKF
• Schaeffler
• NSK
• JTEKT
• NTN

Q6. Which thrust bearing market segment will be the largest in future?

Answer: Lucintel forecasts that ball is expected to witness the highest growth over the forecast period.

Q7. In thrust bearing market, which region is expected to be the largest in next 5 years?

Answer: APAC is expected to witness the highest growth over the forecast period.

Q.8 Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

Q.1. What are some of the most promising, high-growth opportunities for the thrust bearing market by type (ball thrust bearings and cylindrical roller thrust bearing), application (automotive, railway, wind power, machine tool, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?

Q.2. Which segments will grow at a faster pace and why?

Q.3. Which region will grow at a faster pace and why?

Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?

Q.5. What are the business risks and competitive threats in this market?

Q.6. What are the emerging trends in this market and the reasons behind them?

Q.7. What are some of the changing demands of customers in the market?

Q.8. What are the new developments in the market? Which companies are leading these developments?

Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?

Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?

Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
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