October 10th, 2022
Linear Bearings Market accounted for US$ 2.51 billion in 2020 and is estimated to be US$ 3.54 billion by 2030 and is anticipated to register a CAGR of 3.5%. Linear bearings are rolling-element and fluid-film devices that reduce friction in motion systems with a straight — or occasionally curved — line of motion. They differ from radial bearings, which have a rotational motion. In machine tool applications such as sliding doors, 3D printers, and automation setups, linear bearings are utilized to reduce friction and guide linear motion. Ball and roller types, which rely on the rolling motion of rolling parts, and slide types, which rely on lubrication and low-friction surfaces, can be informally classified.
The report " Global Linear Bearings Market, By Product Type (Plain Linear Bearings And Rolling Linear Bearings), By Application (Automotive Industry, Machinery & Equipment, Medical Devices, and Others), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2029’’
· In December 2020, Ewellix expands its assortment and launches new linear ball bearings. Ewellix has increased the dynamic load rating of the D-series by up to 40 percent. Users can benefit from downsizing options or an increase bearing life of up to 2.7 times.
The worldwide linear bearing market is being driven by the growing demand for automobiles around the world. The defence and aerospace industries are driving up demand for linear bearings, which is helping the entire market grow. Furthermore, the growing demand for linear bearings is driven by the building industry in developing countries such as Asia-Pacific, the Middle East, and Africa. However, technological advancements are making linear bearings more robust, which is limiting aftermarket sales. The linear bearing market's expansion is being hampered by an increasing number of counterfeit items. In addition, the introduction of smart bearings is projected to generate prospects for linear bearing manufacturers in the near future.
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Key Market Insights from the report:
Global Linear Bearings Market accounted for US$ 2.51 billion in 2020 and is estimated to be US$ 3.54 billion by 2030 and is anticipated to register a CAGR of 3.5%. Global Linear Bearings is segmented into product type, application and region.
· Based on Product Type, the Global Linear Bearings Market is segmented into Plain Linear Bearings And Rolling Linear Bearings.
· Based on Application, the Global Linear Bearings Market is segmented into Automotive Industry, Machinery & Equipment, Medical Devices, and Others.
· By Region, the Global Linear Bearings Market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
Competitive Landscape & their strategies of Global Linear Bearings Market:
The key players in the global Linear Bearings Market includes JTEKT Corporation, Nippon Bearing Co. Ltd., SKF AB, SAMICK Precision Ind. co. Ltd., NTN Corporation, RBC Bearings Inc., Robert Bosch GmbH, Schaeffler Technologies AG & Co. KG, Rockwell Automation Inc., Timken Company, and IKO International Inc.
The market provides detailed information regarding the industrial base, productivity, strengths, manufacturers, and recent trends which will help companies enlarge the businesses and promote financial growth. Furthermore, the report exhibits dynamic factors including segments, sub-segments, regional marketplaces, competition, dominant key players, and market forecasts. In addition, the market includes recent collaborations, mergers, acquisitions, and partnerships along with regulatory frameworks across different regions impacting the market trajectory. Recent technological advances and innovations influencing the global market are included in the report.
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