Top 5 Vendors in the Global Ball Bearing Market from 2016 to 2020, According to Technavio
Technavio has announced the top five leading vendors in their recent global ball bearing market report until 2020. This research report also lists eight other prominent vendors that are expected to impact the market during the forecast period.
Competitive vendor landscape
According to the report, the global ball bearing market is a mature market characterised by the presence of a small number of manufacturers occupying large market shares. The efficiency of ball bearings is the main area of focus for manufacturers as it forms the major means to upgrade product offerings in the market. The market is highly capital-intensive and has low asset turnover. It is difficult for new players to enter the market. Cartelization is a major challenge in the market.
“In order to restrict any new competition, key vendors are involved in cartels to avoid undercutting each other’s prices, thereby keeping the existing supply stable. The threat from counterfeit products is another key challenge faced by vendors,” says Anju Ajaykumar, a lead tools and components research analyst from Technavio.
The vendors in this market should concentrate more on an entry of counterfeit products, especially into APAC. Consumer awareness programs are being conducted by players such as SKF to educate consumers as well as retailers about counterfeit ball bearings.
Top five ball bearing market vendors
NSK was incorporated in 1916 and is headquartered in Tokyo, Japan. The company manufactures automotive products, precision machinery and parts, and bearings. It provides a range of products like ball bearings, spindles, roller bearings, and steel balls to various industries. NSK products and services cater to various industries, including steel, mining and construction, automotive, aerospace, agriculture, wind turbines, and others. The company provides various services like maintenance and repair, training, and troubleshooting services to its customers.
The company offers various solutions for this market, which find applications in industries such as steel, papermaking machinery, mining and construction, wind turbines, semiconductors, machine tools, gearboxes, electric motors, pumps and compressors, injection moulding machines, office equipment, motorcycles, and railways.
NTN was founded in 1918 and is headquartered in Osaka, Japan. The company mainly manufactures and sells axle bearings, constant velocity joints and precision equipment for automobile, industrial machinery and repair commercial markets. Its product portfolio includes mechanical components like bearings, ball screws, sintered members and others, and peripheral components like gears, motors (drive circuits), sensors, and others.
NTN ball bearings are available in various sizes ranging from 10 to 320 mm outside diameters. It offers a variety of configurations of seals, shields, lubricants, internal clearances, and cage designs.
Schaeffler was founded in 1946 and is headquartered in Herzogenaurach, Germany. The company develops, manufactures, and sells rolling bearings, plain bearings, spherical plain bearings, and linear products for the automotive industry. It offers engine, transmission, and chassis systems and accessories. The company operates through two segments: automotive and industrial.
The company’s automotive division offers products such as clutch systems, torsion dampers, transmission components, valve train systems, electric drives, camshaft phasing units, and bearing solutions in transmissions and chassis. The company’s industrial division offers rolling and plain bearings, maintenance products, linear technology, monitoring systems, and direct drive technology.
SKF was founded in 1907 and is headquartered in Gothenburg, Sweden. The company supplies bearings, mechatronics, seals, lubrication systems and services that offer technical support, maintenance and reliability services, engineering consulting and training. It offers products through several categories such as condition monitoring products, measuring equipment, coupling systems, bearings, and others. SKF operates mainly through three business areas, including industrial market, automotive market, and speciality business.
SKF ball bearings come in a variety of types, designs, sizes, series, variants, and materials. Depending on the bearing design, SKF ball bearings are available in four performance classes. These superior quality ball bearings have a long service life. SKF standard bearings are used in applications that must accommodate higher loads while reducing friction, heat, and wear.
Timken was founded in 1899 and is headquartered in North Canton, Ohio, US. The company is a global manufacturer of engineered bearings, alloy and speciality steel, and related components. Its product portfolio includes tapered roller bearings that are applicable in passenger cars, light and heavy trucks, and trains, and a range of industrial applications like small gear drives and wind energy machines.
Radial ball bearings consist of an inner and outer ring with a cage containing a complement of precision balls. The standard Conrad type bearing has a deep groove construction capable of handling radial and axial loads from both directions that permit relatively high-speed operation. The company also offers other special designs, including a maximum capacity series and an extra-large radial series bearing. The radial ball bearings size ranges from 3 to 600 mm (0.12 to 23.62 in.) bore. These ball bearings are engineered for use in high-speed, high-precision applications for agriculture, chemical, automotive, general industrial, and utilities.
Source: Top 5 Vendors in the Global Ball Bearing Market from 2016 to 2020, According to Technavio