Europe Low Temperature Bearing Market Forecast to 2028 – COVID-19 Impact and Regional Analysis – by Type (Cryogenic Bearings, Plain Bearings, Rolling Element Bearing, Jewel Bearing, and Others), Material (Stainless Steel, Ceramic, Bearing Steel, and Others), and Application (Aerospace, Pharmaceutical, Manufacturing, and Others)

BMIRE00025977 | Pages: 107 | Manufacturing and Construction | Sep 2022 | Type: Regional | Status: Published

The low temperature bearing market in Europe is expected to grow from US$ 128.22 million in 2021 to US$ 164.59 million by 2028; it is estimated to grow at a CAGR of 3.9% from 2021 to 2028.

 

Plain bearings are a viable substitute for rolling component bearings due to their ease of use. They are simple in design and require little upkeep. Plain bearings have a compact structure and higher load-carrying capacity. Another advantage of transporting heavyweights is the wider contact area. This also aids in stress resistance and misalignment tolerance. If properly installed, plain bearings can save more space and dampen vibrations more effectively than rolling component bearings. They are durable and have a long lifespan, making them an excellent value for money option for designers. Due to their slight advantages in terms of cost and usability, designers in the car industry have begun to replace roller bearings with plain bearings. Plain bearings are also gaining popularity in various industries, including aerospace, manufacturing, and other mechanical equipment. In aerospace applications, plain bearings are utilized to improve fuel efficiency, increase maintenance intervals, and reduce carbon emissions. Installation in aircraft wing systems (flaps, spoilers, and slats), flight controls, cockpit controls, auxiliary power units, landing gear, door systems, and aircraft interiors are examples of these uses (seats, bins, latches, and hinge points). Since 2012, GGB's plain bearings have served as the primary suspension modules in NASA's Curiosity Mars rover's robotic drilling arm, working in temperatures ranging from -200°C to +280°C. GGB aerospace bearings are used in various applications, including the arm-drill of NASA's Curiosity Mars Rover, which uses DU metal-polymer bearings. Other uses include DU-B metal-polymer bearings in landing gear struts and HSG high-load FRC bearings in aviation ground support scissor lifts. The increasing investments by leading manufacturers in plain bearing production is accelerating the market growth. For instance, in March 2021, SKF Group committed US$ 44.3 million to upgrade and update its manufacturing site in Airasca, Italy. The investment will enable the Group's largest production location in Italy to produce super-precision bearings for industrial applications. Further, Timken Company bought Aurora Bearing Company's assets in December 2020. Rod ends, and Aurora Bearing Company manufacture plain spherical bearings for various industries. NTN Corporation began mass-producing precise bearings for machine tools for the first time in August 2020 at NTN Mettmann (Deutschland) GmbH, a subsidiary of the manufacturing company NTN Kugellagerfabrik (Deutschland) GmbH, in Germany. Thus, increasing demand for plain bearings is expected to offer lucrative opportunities for the low temperature bearing market in Europe.

 

With new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the Europe low temperature bearing market at a substantial CAGR during the forecast period.

 

Europe Low Temperature Bearing Market Revenue and Forecast to 2028 (US$ Million) 

Europe Low Temperature Bearing Market Revenue and Forecast to 2028 (US$ Million) 

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Europe Low Temperature Bearing Market Segmentation

 

The Europe low temperature bearing market is segmented on the basis of type, application, material, and country. Based on type, the market is segmented into cryogenic bearings, plain bearings, rolling element bearing, jewel bearing, and others. In 2021, the rolling element bearing segment held a larger share of the market. However, the cryogenic bearings segment is expected to register a higher CAGR during the forecast period. Based on application, the Europe low temperature bearing market is segmented into aerospace, pharmaceuatical, manufacturing, and others. The aerospace segment held the largest market share in 2021 and manufacturing is expected to register the highest CAGR in the market during the forecast period. Based on material, the market is segmented into stainless steel, ceramic, bearing steel, and others. In 2021, the bearing steel segment held the largest market share. However, the stainless steel segment is expected to register the highest CAGR during the forecast period. Based on country, the Europe low temperature bearing market is segmented into the France, Germany, the UK, Italy, Russia, and Rest of Europe. In 2021, Germany held a larger market share. On the other side, and the UK is expected to register a higher CAGR during the forecast period.

 

SKF; Gebr. Reinfurt GmbH & Co. KG; THE TIMKEN COMPANY; NSK Europe Ltd.; Carter Manufacturing LTD.; CEROBEAR GmbH; and Durofit Technologies Pvt Ltd. are among the leading companies in the Europe low temperature bearing market.

1.           Introduction

1.1         Study Scope

1.2         The Insight Partners Research Report Guidance

1.3         Market Segmentation

2.           Key Takeaways

3.        Research Methodology

3.1         Coverage

3.2         Secondary Research

3.3         Primary Research

4.           Europe Low temperature bearings Market Landscape

4.1         Market Overview

4.2         PEST Analysis

4.3         Ecosystem Analysis

4.4         Expert Opinion

5.           Europe Low Temperature Bearings Market – Key Market Dynamics

5.1         Market Drivers

5.1.1        Burgeoning Demand for Low Temperature Bearings Across Entire LNG (Liquified Natural Gas) Value Chain

5.1.2        Surging Use of Lliquid Nitrogen Equipment

5.2         Market Restraints

5.2.1        Expensive Cost of Raw Material

5.3         Market Opportunities

5.3.1        Boosting Demand for Plain Bearings

5.4         Future Trends

5.4.1        Emergence of Self-Lubricating Deep Groove Ball Bearings

5.5         Impact Analysis of Drivers and Restraints

6.           Europe Low Temperature Bearings Market Analysis

6.1         Europe Low Temperature Bearings Market Overview

7.           Europe Low Temperature Bearings Market Analysis – By Type

7.1         Overview

7.2         Europe Low Temperature Bearings Market- by Type

7.3         Cryogenic Bearings

7.3.1        Overview

7.3.2        Cryogenic Bearings: Low Temperature Bearings Market – Revenue and Forecast to 2028 (US$ Million)

7.4         Plain Bearings

7.4.1        Overview

7.4.2        Plain Bearings: Low Temperature Bearings Market – Revenue and Forecast to 2028 (US$ Million)

7.5         Rolling Element Bearings

7.5.1        Overview

7.5.2        Rolling Element Bearings: Low Temperature Bearings Market – Revenue and Forecast to 2028 (US$ Million)

7.6         Jewel Bearings

7.6.1        Overview

7.6.2        Jewel Bearings: Low Temperature Bearings Market – Revenue and Forecast to 2028 (US$ Million)

7.7         Others

7.7.1        Overview

7.7.2        Others: Low Temperature Bearings Market – Revenue and Forecast to 2028 (US$ Million)

8.           Europe Low Temperature Bearings Market – By Application

8.1         Overview

8.2         Europe Low Temperature Bearings Market- By Application

8.3         Aerospace

8.3.1        Overview

8.3.2        Aerospace: Low Temperature Bearings Market – Revenue and Forecast to 2028 (US$ Million)

8.4         Pharmaceutical

8.4.1        Overview

8.4.2        Pharmaceutical: Low Temperature Bearings Market – Revenue and Forecast to 2028 (US$ Million)

8.5         Manufacturing

8.5.1        Overview

8.5.2        Manufacturing: Low Temperature Bearings Market – Revenue and Forecast to 2028 (US$ Million)

8.6         Others

8.6.1        Overview

8.6.2        Others: Low Temperature Bearings Market – Revenue and Forecast to 2028 (US$ Million)

9.           Europe Low Temperature Bearings Market – By Material

9.1         Overview

9.2         Europe Low Temperature Bearings Market- By Material

9.3         Stainless Steel

9.3.1        Overview

9.3.2        Stainless Steel: Low Temperature Bearings Market – Revenue and Forecast to 2028 (US$ Million)

9.4         Ceramic

9.4.1        Overview

9.4.2        Ceramic: Low Temperature Bearings Market – Revenue and Forecast to 2028 (US$ Million)

9.5         Bearing Steel

9.5.1        Overview

9.5.2        Bearing Steel: Low Temperature Bearings Market – Revenue and Forecast to 2028 (US$ Million)

9.6         Others

9.6.1        Overview

9.6.2        Others: Low Temperature Bearings Market – Revenue and Forecast to 2028 (US$ Million)

10.        Europe Low temperature bearings Market – Country Analysis

10.1      Overview

10.1.1     Europe: Low Temperature Bearings Market- by Key Country

10.1.1.1       Germany: Low Temperature Bearings Market – Revenue and Forecast to 2028 (US$ Million)

10.1.1.1.1       Germany: Low Temperature Bearings Market- by Type

10.1.1.1.2       Germany: Low Temperature Bearings Market- By Application

10.1.1.1.3       Germany: Low Temperature Bearings Market- By Material

10.1.1.2       France: Low Temperature Bearings Market – Revenue and Forecast to 2028 (US$ Million)

10.1.1.2.1       France: Low Temperature Bearings Market- by Type

10.1.1.2.2       France: Low Temperature Bearings Market- By Application

10.1.1.2.3       France: Low Temperature Bearings Market- By Material

10.1.1.3       UK: Low Temperature Bearings Market – Revenue and Forecast to 2028 (US$ Million)

10.1.1.3.1       UK: Low Temperature Bearings Market- by Type

10.1.1.3.2       UK: Low Temperature Bearings Market- By Application

10.1.1.3.3       UK: Low Temperature Bearings Market- By Material

10.1.1.4       Italy: Low Temperature Bearings Market – Revenue and Forecast to 2028 (US$ Million)

10.1.1.4.1       Italy: Low Temperature Bearings Market- by Type

10.1.1.4.2       Italy: Low Temperature Bearings Market- By Application

10.1.1.4.3       Italy: Low Temperature Bearings Market- By Material

10.1.1.5       Russia: Low Temperature Bearings Market – Revenue and Forecast to 2028 (US$ Million)

10.1.1.5.1       Russia: Low Temperature Bearings Market- by Type

10.1.1.5.2       Russia: Low Temperature Bearings Market- By Application

10.1.1.5.3       Russia: Low Temperature Bearings Market- By Material

10.1.1.6       Rest of Europe: Low Temperature Bearings Market – Revenue and Forecast to 2028 (US$ Million)

10.1.1.6.1       Rest of Europe: Low Temperature Bearings Market- by Type

10.1.1.6.2       Rest of Europe: Low Temperature Bearings Market- By Application

10.1.1.6.3       Rest of Europe: Low Temperature Bearings Market- By Material

11.        Europe Low Temperature Bearings Market- Industry Landscape

11.1      Market Initiative

11.2      Merger and Acquisition

11.3      New Development

12.        Company Profiles

12.1      SKF

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      Gebr. Reinfurt GmbH & Co. KG

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      THE TIMKEN COMPANY

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      NSK Europe Ltd.

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      Carter Manufacturing LTD.

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      CEROBEAR GmbH

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

13.        Appendix

13.1      About The Insight Partners

13.2      Word Index

 

 

LIST OF TABLES

Table 1.             Europe Low temperature bearings Market – Revenue and Forecast to 2028 (US$ Million)

Table 2.             Europe: Low Temperature Bearings Market- by Key Country –Revenue and Forecast to 2028 (US$ Million)

Table 3.             Germany: Low Temperature Bearings Market- by Type –Revenue and Forecast to 2028 (US$ Million)

Table 4.             Germany: Low Temperature Bearings Market- By Application –Revenue and Forecast to 2028 (US$ Million)

Table 5.             Germany: Low Temperature Bearings Market- By Material –Revenue and Forecast to 2028 (US$ Million)

Table 6.             France: Low Temperature Bearings Market- by Type –Revenue and Forecast to 2028 (US$ Million)

Table 7.             France: Low Temperature Bearings Market- By Application –Revenue and Forecast to 2028 (US$ Million)

Table 8.             France: Low Temperature Bearings Market- By Material –Revenue and Forecast to 2028 (US$ Million)

Table 9.             UK: Low Temperature Bearings Market- by Type –Revenue and Forecast to 2028 (US$ Million)

Table 10.          UK: Low Temperature Bearings Market- By Application –Revenue and Forecast to 2028 (US$ Million)

Table 11.          UK: Low Temperature Bearings Market- By Material –Revenue and Forecast to 2028 (US$ Million)

Table 12.          Italy: Low Temperature Bearings Market- by Type –Revenue and Forecast to 2028 (US$ Million)

Table 13.          Italy: Low Temperature Bearings Market- By Application –Revenue and Forecast to 2028 (US$ Million)

Table 14.          Italy: Low Temperature Bearings Market- By Material –Revenue and Forecast to 2028 (US$ Million)

Table 15.          Russia: Low Temperature Bearings Market- by Type –Revenue and Forecast to 2028 (US$ Million)

Table 16.          Russia: Low Temperature Bearings Market- By Application –Revenue and Forecast to 2028 (US$ Million)

Table 17.          Russia: Low Temperature Bearings Market- By Material –Revenue and Forecast to 2028 (US$ Million)

Table 18.          Rest of Europe: Low Temperature Bearings Market- by Type –Revenue and Forecast to 2028 (US$ Million)

Table 19.          Rest of Europe: Low Temperature Bearings Market- By Application –Revenue and Forecast to 2028 (US$ Million)

Table 20.          Rest of Europe: Low Temperature Bearings Market- By Material –Revenue and Forecast to 2028 (US$ Million)

Table 21.          List of Abbreviation

 

 

LIST OF FIGURES

Figure 1.           Europe Low Temperature Bearings Market Segmentation

Figure 2.           Europe Low Temperature Bearings Market Segmentation – by Country

Figure 3.           Europe Low Temperature Bearings Market Overview

Figure 4.           Europe Low Temperature Bearings Market, by Type

Figure 5.           Europe Low Temperature Bearings Market, by Country

Figure 6.           Europe: PEST Analysis

Figure 7.           Expert Opinion

Figure 8.           Europe Low temperature bearings Market: Impact Analysis of Drivers and Restraints

Figure 9.           Europe Low temperature bearings Market – Revenue and Forecast to 2028 (US$ Million)

Figure 10.        Europe: Low Temperature Bearings Market Revenue Share, By Type (2020 and 2028)

Figure 11.        Cryogenic Bearings: Low Temperature Bearings Market – Revenue and Forecast to 2028 (US$ Million)

Figure 12.        Plain Bearings: Low Temperature Bearings Market – Revenue and Forecast to 2028 (US$ Million)

Figure 13.        Rolling Element Bearings: Low Temperature Bearings Market – Revenue and Forecast to 2028 (US$ Million)

Figure 14.        Jewel Bearings: Low Temperature Bearings Market – Revenue and Forecast to 2028 (US$ Million)

Figure 15.        Others: Low Temperature Bearings Market – Revenue and Forecast to 2028 (US$ Million)

Figure 16.        Europe: Low Temperature Bearings Market Revenue Share, By Application (2020 and 2028)

Figure 17.        Aerospace: Low Temperature Bearings Market – Revenue and Forecast to 2028 (US$ Million)

Figure 18.        Pharmaceutical: Low Temperature Bearings Market – Revenue and Forecast to 2028 (US$ Million)

Figure 19.        Manufacturing: Low Temperature Bearings Market – Revenue and Forecast to 2028 (US$ Million)

Figure 20.        Others: Low Temperature Bearings Market – Revenue and Forecast to 2028 (US$ Million)

Figure 21.        Europe: Low Temperature Bearings Market Revenue Share, By Material (2020 and 2028)

Figure 22.        Stainless Steel: Low Temperature Bearings Market – Revenue and Forecast to 2028 (US$ Million)

Figure 23.        Ceramic: Low Temperature Bearings Market – Revenue and Forecast to 2028 (US$ Million)

Figure 24.        Bearing Steel: Low Temperature Bearings Market – Revenue and Forecast to 2028 (US$ Million)

Figure 25.        Others: Low Temperature Bearings Market – Revenue and Forecast to 2028 (US$ Million)

Figure 26.        Geographic Overview of Europe Low Temperature Bearings Market

Figure 27.        Europe: Low Temperature Bearings Market Revenue Share, By Key Country (2020 and 2028)

Figure 28.        Germany: Low Temperature Bearings Market – Revenue and Forecast to 2028 (US$ Million)

Figure 29.        France: Low Temperature Bearings Market – Revenue and Forecast to 2028 (US$ Million)

Figure 30.        UK: Low Temperature Bearings Market – Revenue and Forecast to 2028 (US$ Million)

Figure 31.        Italy: Low Temperature Bearings Market – Revenue and Forecast to 2028 (US$ Million)

Figure 32.        Russia: Low Temperature Bearings Market – Revenue and Forecast to 2028 (US$ Million)

Figure 33.          Rest of Europe: Low Temperature Bearings Market – Revenue and Forecast to 2028 (US$ Million)

  1. SKF
  2. Gebr. Reinfurt GmbH & Co. KG
  3. THE TIMKEN COMPANY
  4. NSK Europe Ltd.               
  5. Carter Manufacturing LTD.                                                        
  6. CEROBEAR GmbH                                          
  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the Europe low temperature bearing 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 Europe low temperature bearing 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 Europe market trends and outlook coupled with the factors driving the low temperature bearing 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  
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