Asia Pacific Vacuum Bearings Market Forecast to 2028 – COVID-19 Impact and Regional Analysis – by Product Type (Cylindrical Roller Bearings, Tapered Roller Bearings, Spherical Roller Bearings, Thrust Roller Bearings, and Needle Roller Bearings), Application (Automotive, Manufacturing & Construction, Energy & Power, Mining, Aerospace & Defense, and Others), and Material (Silicon, Stainless Steel, Hybrid, and Others)
The APAC vacuum bearings market is expected to grow from US$ 5,124.21 million in 2022 to US$ 8,041.30 million by 2028; it is estimated to grow at a CAGR of 7.7% from 2022 to 2028.
Increasing funding in the space sector will likely witness increased opportunities, primarily in satellite broadband internet access. For instance, In May 2020, space investments stayed resilient at US$ 25.6 billion, and the impetus for investments had to continue solid in 2021. Space launch facilities recorded strong progress in 2021, with the market forecast to expand more than 15.7% year-over-year (Y-o-Y). Space exploration continued to evolve and flourish in 2021 due to diminishing launch costs and innovations in technology. Over the long term, prices are expected to continue dropping with companies deploying more satellites in the space ecosystem. For instance, in January 2021, more than 1,000 Starlink satellites were launched into orbit by SpaceX, and the company targets to further launch 4,425 satellites in orbit by 2024. Its launch costs decline because of reusable rockets and the mass production of satellites. The launch costs for satellites, which have already dropped from US$ 200 million in the past decade to about US$ 60 million presently, have the potential to decrease further to as low as US$ 5 million. Moreover, the launch of the Space Force in December 2019 influenced and propelled public-sector investments in 2021. These factors mentioned above positively impact the demand for various types of bearings, which play a vital part in producing space shuttles and other space launch components. For example, working in high temperatures between -200°C and +280°C, GGB's plain bearings have functioned as the primary suspension modules in the robotic drilling arm of NASA's Curiosity Mars rover. Also, the self-lubricating metal-polymer bearings are GGB's essential products in the aerospace sector. Besides GGB bearings, Curiosity used Timken's precision bearings in its descent to Mars in March 2021, and so did the other two rovers before it, namely, Spirit and Opportunity. Curiosity also used Timken bearings in the center core of its carousel system as it switched to position sample cups for gathering and examining rock, soil, and atmosphere. In addition, 2 6.35 mm Timken bearings operate Curiosity's tiny vacuum pump, which supports the rover's analytical equipment. Therefore, the demand for vacuum bearings is increasing due to rising growth of APAC space sector.
With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the APAC vacuum bearings market. The APAC vacuum bearings market is expected to grow at a good CAGR during the forecast period.
APAC Vacuum Bearings Market Revenue and Forecast to 2028 (US$ Million)
APAC Vacuum Bearings Market Segmentation
The APAC vacuum bearings market is segmented based on product type, application, material, and country. Based on product type, the APAC vacuum bearings market is divided into cylindrical roller bearings, tapered roller bearings, spherical roller bearings, thrust roller bearings, and needle roller bearings. The cylindrical roller bearings segment would dominate the market in 2022. In terms of application, the APAC vacuum bearings market is categorized into automotive, manufacturing & construction, energy & power, mining, aerospace & defense, and others. The energy & power segment would dominate the market in 2022. Based on material, the APAC vacuum bearings market is categorized into silicon, stainless steel, hybrid, and others. The stainless-steel segment would dominate the market in 2022. Based on country, the APAC vacuum bearings market is segmented into Australia, China, India, Japan, South Korea, and the Rest of APAC. China would dominate the APAC vacuum bearings market in 2022.
Key players operating the APAC vacuum bearings market include HepcoMotion; NSK Ltd; Schaeffler Technologies AG & Co. KG; THE TIMKEN COMPANY; TPA Motion, LLC; GMN Paul Muller Industrie GmbH & Co. KG; JTEKT APAC Bearings B.V; UNASIS; and SKF by Altair.
1. Introduction
1.1 Scope of the Study
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 APAC Vacuum Bearing Market – By Type
1.3.2 APAC Vacuum Bearing Market – By Application
1.3.3 APAC Vacuum Bearing Market – By Material
1.3.4 APAC Vacuum Bearing Market – By Country
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. APAC Vacuum Bearing Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.2.1 APAC
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. APAC Vacuum Bearing Market - Key Market Dynamics
5.1 Market Drivers
5.1.1 Expanding Growth of APAC Space Sector
5.1.2 Benefits of Vacuum Bearings
5.2 Market Restraints
5.2.1 Conflicting Raw Material Prices and High Maintenance Cost
5.3 Market Opportunities
5.3.1 Growing Applications of Bearing
5.4 Future Trends
5.4.1 Growth in Technological Advancement
5.5 Impact Analysis of Drivers and Restraints
6. Vacuum Bearing Market – APAC Market Analysis
6.1 Vacuum Bearing Market APAC Overview
6.2 APAC Vacuum Bearing Market Forecast and Analysis
7. APAC Vacuum Bearing Market – By Type
7.1 Overview
7.2 APAC Vacuum Bearing Market, By Type (2021 and 2028)
7.3 Cylindrical Roller Bearings
7.3.1 Overview
7.3.2 Cylindrical Roller Bearings: Vacuum Bearing Market Revenue and Forecast To 2028 (US$ Million)
7.4 Tapered Roller Bearings
7.4.1 Overview
7.4.2 Tapered Roller Bearings: Vacuum Bearing Market Revenue and Forecast To 2028 (US$ Million)
7.5 Spherical Roller Bearings
7.5.1 Overview
7.5.2 Spherical Roller Bearings: Vacuum Bearing Market Revenue and Forecast To 2028 (US$ Million)
7.6 Thrust Roller Bearings
7.6.1 Overview
7.6.2 Thrust Roller Bearings: Vacuum Bearing Market Revenue and Forecast To 2028 (US$ Million)
7.7 Needle Roller Bearings
7.7.1 Overview
7.7.2 Needle Roller Bearings: Vacuum Bearing Market Revenue and Forecast To 2028 (US$ Million)
8. APAC Vacuum Bearing Market – By Application
8.1 Overview
8.2 APAC Vacuum Bearing Market, By Application (2021 and 2028)
8.3 Automotive
8.3.1 Overview
8.3.2 Automotive: Vacuum Bearing Market Revenue and Forecast To 2028 (US$ Million)
8.4 Manufacturing & Construction
8.4.1 Overview
8.4.2 Manufacturing & Construction: Vacuum Bearing Market Revenue and Forecast To 2028 (US$ Million)
8.5 Energy & Power
8.5.1 Overview
8.5.2 Energy & Power: Vacuum Bearing Market Revenue and Forecast To 2028 (US$ Million)
8.6 Mining
8.6.1 Overview
8.6.2 Mining: Vacuum Bearing Market Revenue and Forecast To 2028 (US$ Million)
8.7 Aerospace & Defense
8.7.1 Overview
8.7.2 Aerospace & Defense: Vacuum Bearing Market Revenue and Forecast To 2028 (US$ Million)
8.8 Others
8.8.1 Overview
8.8.2 Others: Vacuum Bearing Market Revenue and Forecast To 2028 (US$ Million)
9. APAC Vacuum Bearing Market – By Material
9.1 Overview
9.2 APAC Vacuum Bearing Market, By Material (2021 and 2028)
9.3 Silicon
9.3.1 Overview
9.3.2 Silicon: Vacuum Bearing Market Revenue and Forecast To 2028 (US$ Million)
9.4 Stainless Steel
9.4.1 Overview
9.4.2 Stainless Steel: Vacuum Bearing Market Revenue and Forecast To 2028 (US$ Million)
9.5 Hybrid
9.5.1 Overview
9.5.2 Hybrid: Vacuum Bearing Market Revenue and Forecast To 2028 (US$ Million)
9.6 Others
9.6.1 Overview
9.6.2 Others: Vacuum Bearing Market Revenue and Forecast To 2028 (US$ Million)
10. APAC Vacuum Bearing Market – By Country Analysis
10.1 APAC: Vacuum Bearing Market
10.1.1 Overview
10.1.3 APAC Vacuum Bearing Market Breakdown, by Country
10.1.3.1 Australia Vacuum Bearing Market, Revenue and Forecast to 2028 (US$ million)
10.1.3.1.1 Australia Vacuum Bearing Market Breakdown, By Type
10.1.3.1.2 Australia Vacuum Bearing Market Breakdown, By Application
10.1.3.1.3 Australia Vacuum Bearing Market Breakdown, By Material
10.1.3.2 China Vacuum Bearing Market, Revenue and Forecast to 2028 (US$ million)
10.1.3.2.1 China Vacuum Bearing Market Breakdown, By Type
10.1.3.2.2 China Vacuum Bearing Market Breakdown, By Application
10.1.3.2.3 China Vacuum Bearing Market Breakdown, By Material
10.1.3.3 India Vacuum Bearing Market, Revenue and Forecast to 2028 (US$ million)
10.1.3.3.1 India Vacuum Bearing Market Breakdown, By Type
10.1.3.3.2 India Vacuum Bearing Market Breakdown, By Application
10.1.3.3.3 India Vacuum Bearing Market Breakdown, By Material
10.1.3.4 Japan Vacuum Bearing Market, Revenue and Forecast to 2028 (US$ million)
10.1.3.4.1 Japan Vacuum Bearing Market Breakdown, By Type
10.1.3.4.2 Japan Vacuum Bearing Market Breakdown, By Application
10.1.3.4.3 Japan Vacuum Bearing Market Breakdown, By Material
10.1.3.5 South Korea Vacuum Bearing Market, Revenue and Forecast to 2028 (US$ million)
10.1.3.5.1 South Korea Vacuum Bearing Market Breakdown, By Type
10.1.3.5.2 South Korea Vacuum Bearing Market Breakdown, By Application
10.1.3.5.3 South Korea Vacuum Bearing Market Breakdown, By Material
10.1.3.6 Rest of APAC Vacuum Bearing Market, Revenue and Forecast to 2028 (US$ million)
10.1.3.6.1 Rest of APAC Vacuum Bearing Market Breakdown, By Type
10.1.3.6.2 Rest of APAC Vacuum Bearing Market Breakdown, By Application
10.1.3.6.3 Rest of APAC Vacuum Bearing Market Breakdown, By Material
11. Industry Landscape
11.1 Overview
11.2 Market Initiative
11.3 Merger and Acquisition
11.4 New Development
12. Company Profiles
12.1 HepcoMotion
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 NSK Ltd.
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 Schaeffler Technologies AG & Co. KG
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 THE TIMKEN COMPANY
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 TPA Motion, LLC
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 GMN Paul Müller Industrie GmbH & Co. KG
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 JTEKT Europe Bearings B.V.
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
12.8 UNASIS
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
12.9 SKF
12.9.1 Key Facts
12.9.2 Business Description
12.9.3 Products and Services
12.9.4 Financial Overview
12.9.5 SWOT Analysis
12.9.6 Key Developments
13. Appendix
13.1 About The Insight Partners
13.2 Glossary
LIST OF TABLES
Table 1. APAC Vacuum Bearing Market, Revenue and Forecast, 2019–2028 (US$ Million)
Table 2. APAC Vacuum Bearing Market, Revenue and Forecast To 2028 – By Country (US$ million)
Table 3. Australia Vacuum Bearing Market, Revenue and Forecast to 2028 – By Type (US$ million)
Table 4. Australia Vacuum Bearing Market, Revenue and Forecast to 2028 – By Application (US$ million)
Table 5. Australia Vacuum Bearing Market, Revenue and Forecast to 2028 – By Material (US$ million)
Table 6. China Vacuum Bearing Market, Revenue and Forecast to 2028 – By Type (US$ million)
Table 7. China Vacuum Bearing Market, Revenue and Forecast to 2028 – By Application (US$ million)
Table 8. China Vacuum Bearing Market, Revenue and Forecast to 2028 – By Material (US$ million)
Table 9. India Vacuum Bearing Market, Revenue and Forecast to 2028 – By Type (US$ million)
Table 10. India Vacuum Bearing Market, Revenue and Forecast to 2028 – By Application (US$ million)
Table 11. India Vacuum Bearing Market, Revenue and Forecast to 2028 – By Material (US$ million)
Table 12. Japan Vacuum Bearing Market, Revenue and Forecast to 2028 – By Type (US$ million)
Table 13. Japan Vacuum Bearing Market, Revenue and Forecast to 2028 – By Application (US$ million)
Table 14. Japan Vacuum Bearing Market, Revenue and Forecast to 2028 – By Material (US$ million)
Table 15. South Korea Vacuum Bearing Market, Revenue and Forecast to 2028 – By Type (US$ million)
Table 16. South Korea Vacuum Bearing Market, Revenue and Forecast to 2028 – By Application (US$ million)
Table 17. South Korea Vacuum Bearing Market, Revenue and Forecast to 2028 – By Material (US$ million)
Table 18. Rest of APAC Vacuum Bearing Market, Revenue and Forecast to 2028 – By Type (US$ million)
Table 19. Rest of APAC Vacuum Bearing Market, Revenue and Forecast to 2028 – By Application (US$ million)
Table 20. Rest of APAC Vacuum Bearing Market, Revenue and Forecast to 2028 – By Material (US$ million)
Table 21. Glossary of Terms, Vacuum Bearing Market
LIST OF FIGURES
Figure 1. APAC Vacuum Bearing Market Segmentation
Figure 2. APAC Vacuum Bearing Market Segmentation – by Country
Figure 3. APAC Vacuum Bearing Market Overview
Figure 4. APAC Vacuum Bearing Market, By Type
Figure 5. APAC Vacuum Bearing Market, By Application
Figure 6. APAC Vacuum Bearing Market, By Material
Figure 7. APAC Vacuum Bearing Market, By Country
Figure 8. APAC: PEST Analysis
Figure 9. APAC Vacuum Bearing Market Ecosystem Analysis
Figure 10. APAC Expert Opinion
Figure 11. APAC Vacuum Bearing Market: Impact Analysis of Drivers and Restraints
Figure 12. APAC Vacuum Bearing Market, Forecast and Analysis (US$ Million)
Figure 13. APAC Vacuum Bearing Market, by Type (2021 and 2028)
Figure 14. APAC Cylindrical Roller Bearings: Vacuum Bearing Market Revenue and Forecast to 2028 (US$ Million)
Figure 15. APAC Tapered Roller Bearings: Vacuum Bearing Market Revenue and Forecast to 2028 (US$ Million)
Figure 16. APAC Spherical Roller Bearings: Vacuum Bearing Market Revenue and Forecast to 2028 (US$ Million)
Figure 17. APAC Thrust Roller Bearings: Vacuum Bearing Market Revenue and Forecast to 2028 (US$ Million)
Figure 18. APAC Needle Roller Bearings: Vacuum Bearing Market Revenue and Forecast to 2028 (US$ Million)
Figure 19. APAC Vacuum Bearing Market, by Application (2021 and 2028)
Figure 20. APAC Automotive: Vacuum Bearing Market Revenue and Forecast to 2028 (US$ Million)
Figure 21. APAC Manufacturing & Construction: Vacuum Bearing Market Revenue and Forecast to 2028 (US$ Million)
Figure 22. APAC Energy & Power: Vacuum Bearing Market Revenue and Forecast to 2028 (US$ Million)
Figure 23. APAC Mining: Vacuum Bearing Market Revenue and Forecast to 2028 (US$ Million)
Figure 24. APAC Aerospace & Defense: Vacuum Bearing Market Revenue and Forecast to 2028 (US$ Million)
Figure 25. APAC Others: Vacuum Bearing Market Revenue and Forecast to 2028 (US$ Million)
Figure 26. APAC Vacuum Bearing Market, by Material (2021 and 2028)
Figure 27. APAC Silicon: Vacuum Bearing Market Revenue and Forecast to 2028 (US$ Million)
Figure 28. APAC Stainless Steel: Vacuum Bearing Market Revenue and Forecast to 2028 (US$ Million)
Figure 29. APAC Hybrid: Vacuum Bearing Market Revenue and Forecast to 2028 (US$ Million)
Figure 30. APAC Others: Vacuum Bearing Market Revenue and Forecast to 2028 (US$ Million)
Figure 31. APAC Vacuum Bearing Market, by Country – Revenue (2021) (US$ Million)
Figure 32. APAC Vacuum Bearing Market Breakdown, by Country, 2021 & 2028 (%)
Figure 33. Australia Vacuum Bearing Market, Revenue and Forecast To 2028 (US$ million)
Figure 34. China Vacuum Bearing Market, Revenue and Forecast To 2028 (US$ million)
Figure 35. India Vacuum Bearing Market, Revenue and Forecast To 2028 (US$ million)
Figure 36. Japan Vacuum Bearing Market, Revenue and Forecast To 2028 (US$ million)
Figure 37. South Korea Vacuum Bearing Market, Revenue and Forecast To 2028 (US$ million)
Figure 38. Rest of APAC Vacuum Bearing Market, Revenue and Forecast To 2028 (US$ million)
- HepcoMotion
- NSK Ltd
- Schaeffler Technologies AG & Co. KG
- THE TIMKEN COMPANY
- TPA Motion, LLC
- GMN Paul Muller Industrie GmbH & Co. KG
- JTEKT Europe Bearings B.V
- UNASIS
- SKF
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the APAC vacuum bearings market.
- Highlights key business priorities in order to assist companies to realign their business strategies
- The key findings and recommendations highlight crucial progressive industry trends in the APAC vacuum bearings market, thereby allowing players across the value chain to develop effective long-term strategies
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
- Scrutinize in-depth APAC market trends and outlook coupled with the factors driving the APAC vacuum bearings market, as well as those hindering it
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution