North America 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 North America vacuum bearings market is expected to grow from US$ 2,225.10 million in 2022 to US$ 3,373.64 million by 2028; it is estimated to grow at a CAGR of 7.2% from 2022 to 2028.
Raw material accounts for ~60% of a vacuum bearing manufacturer's revenue. As high-grade steel is the major raw material used for manufacturing vacuum bearings, the costs of bearings are greatly correlated with the North America steel price movement. The variation in raw material price challenges the vacuum bearing manufacturers to deliver reasonably priced and high-quality bearings. Further, the raw material price of the automotive vacuum bearing fluctuates as per the market's economic condition. Such price volatility of raw materials is becoming an actual challenge for enterprises to remain competitive. Therefore, fluctuation of raw material price creates challenges for the vacuum bearing manufacturers to manufacture a bearing for a vehicle in terms of quality and price. Additionally, fluctuating supply and demand scenario is hindering the growth of the vacuum bearing industry. The difference in trade strategies, variations in foreign exchange rates, discrepancies in supply and demand, and intensified geopolitical risks across various countries potentially impact the pricing of steel and aluminum bearing materials. Besides, the vacuum bearing components comprise seals and cages that require lubrication at frequent intervals to ensure smooth functioning, thus requiring additional expenses.
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 North America vacuum bearings market. The North America vacuum bearings market is expected to grow at a good CAGR during the forecast period.
North America Vacuum Bearings Market Revenue and Forecast to 2028 (US$ Million)
North America Vacuum Bearings Market Segmentation
The North America vacuum bearings market is segmented based on product type, application, material, and country. Based on product type, the North America 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 North America 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 North America 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 North America vacuum bearings market is segmented into the US, Canada, and Mexico. The US would dominate the North America vacuum bearings market in 2022.
Key players operating in the North America vacuum bearings market include HepcoMotion; NSK Ltd; Schaeffler Technologies AG & Co. KG; THE TIMKEN COMPANY; Bunting Bearings, LLC; TPA Motion, LLC; GMN Paul Muller Industrie GmbH & Co. KG; JTEKT Europe 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 North America Vacuum Bearing Market – By Type
1.3.2 North America Vacuum Bearing Market – By Application
1.3.3 North America Vacuum Bearing Market – By Material
1.3.4 North America Vacuum Bearing Market – By Country
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. North America Vacuum Bearing Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.2.1 North America
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. North America Vacuum Bearing Market - Key Market Dynamics
5.1 Market Drivers
5.1.1 Rising Growth of North America Space Sector
5.1.2 Benefits of Vacuum Bearings
5.2 Market Restraints
5.2.1 Fluctuating Raw Material Prices and High Maintenance Cost
5.3 Market Opportunities
5.3.1 Rising Applications of Bearing
5.4 Future Trends
5.4.1 Surge in Technological Advancement
5.5 Impact Analysis of Drivers and Restraints
6. Vacuum Bearing Market – North America Market Analysis
6.1 Vacuum Bearing Market North America Overview
6.2 North America Vacuum Bearing Market Forecast and Analysis
7. North America Vacuum Bearing Market – By Type
7.1 Overview
7.2 North America 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. North America Vacuum Bearing Market – By Application
8.1 Overview
8.2 North America 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. North America Vacuum Bearing Market – By Material
9.1 Overview
9.2 North America 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. North America Vacuum Bearing Market – By Country Analysis
10.1 North America: Vacuum Bearing Market
10.1.1 Overview
10.1.3 North America Vacuum Bearing Market Breakdown, by Country
10.1.3.1 US Vacuum Bearing Market, Revenue and Forecast to 2028
10.1.3.1.1 US Vacuum Bearing Market Breakdown, By Type
10.1.3.1.2 US Vacuum Bearing Market Breakdown, By Application
10.1.3.1.3 US Vacuum Bearing Market Breakdown, By Material
10.1.3.2 Canada Vacuum Bearing Market, Revenue and Forecast to 2028
10.1.3.2.1 Canada Vacuum Bearing Market Breakdown, By Type
10.1.3.2.2 Canada Vacuum Bearing Market Breakdown, By Application
10.1.3.2.3 Canada Vacuum Bearing Market Breakdown, By Material
10.1.3.3 Mexico Vacuum Bearing Market, Revenue and Forecast to 2028
10.1.3.3.1 Mexico Vacuum Bearing Market Breakdown, By Type
10.1.3.3.2 Mexico Vacuum Bearing Market Breakdown, By Application
10.1.3.3.3 Mexico 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 Bunting Bearings, 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 TPA Motion, LLC
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 GMN Paul Müller Industrie GmbH & Co. KG
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 JTEKT Europe Bearings B.V.
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 UNASIS
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
12.10 SKF
12.10.1 Key Facts
12.10.2 Business Description
12.10.3 Products and Services
12.10.4 Financial Overview
12.10.5 SWOT Analysis
12.10.6 Key Developments
13. Appendix
13.1 About The Insight Partners
13.2 Glossary
LIST OF TABLES
Table 1. North America Vacuum Bearing Market, Revenue and Forecast, 2019–2028 (US$ Million)
Table 2. North America Vacuum Bearing Market, Revenue and Forecast To 2028 – By Country (US$ million)
Table 3. US Vacuum Bearing Market, Revenue and Forecast to 2028 – By Type (US$ million)
Table 4. US Vacuum Bearing Market, Revenue and Forecast to 2028 – By Application (US$ million)
Table 5. US Vacuum Bearing Market, Revenue and Forecast to 2028 – By Material (US$ million)
Table 6. Canada Vacuum Bearing Market, Revenue and Forecast to 2028 – By Type (US$ million)
Table 7. Canada Vacuum Bearing Market, Revenue and Forecast to 2028 – By Application (US$ million)
Table 8. Canada Vacuum Bearing Market, Revenue and Forecast to 2028 – By Material (US$ million)
Table 9. Mexico Vacuum Bearing Market, Revenue and Forecast to 2028 – By Type (US$ million)
Table 10. Mexico Vacuum Bearing Market, Revenue and Forecast to 2028 – By Application (US$ million)
Table 11. Mexico Vacuum Bearing Market, Revenue and Forecast to 2028 – By Material (US$ million)
Table 12. Glossary of Terms, Vacuum Bearing Market
LIST OF FIGURES
Figure 1. North America Vacuum Bearing Market Segmentation
Figure 2. North America Vacuum Bearing Market Segmentation – By Country
Figure 3. North America Vacuum Bearing Market Overview
Figure 4. North America Vacuum Bearing Market, By Type
Figure 5. North America Vacuum Bearing Market, By Application
Figure 6. North America Vacuum Bearing Market, By Material
Figure 7. North America Vacuum Bearing Market, By Country
Figure 8. North America: PEST Analysis
Figure 9. North America Vacuum Bearing Market Ecosystem Analysis
Figure 10. North America Expert Opinion
Figure 11. North America Vacuum Bearing Market: Impact Analysis of Drivers and Restraints
Figure 12. North America Vacuum Bearing Market, Forecast and Analysis (US$ Million)
Figure 13. North America Vacuum Bearing Market, by Type (2021 and 2028)
Figure 14. North America Cylindrical Roller Bearings: Vacuum Bearing Market Revenue and Forecast to 2028 (US$ Million)
Figure 15. North America Tapered Roller Bearings: Vacuum Bearing Market Revenue and Forecast to 2028 (US$ Million)
Figure 16. North America Spherical Roller Bearings: Vacuum Bearing Market Revenue and Forecast to 2028 (US$ Million)
Figure 17. North America Thrust Roller Bearings: Vacuum Bearing Market Revenue and Forecast to 2028 (US$ Million)
Figure 18. North America Needle Roller Bearings: Vacuum Bearing Market Revenue and Forecast to 2028 (US$ Million)
Figure 19. North America Vacuum Bearing Market, by Application (2021 and 2028)
Figure 20. North America Automotive: Vacuum Bearing Market Revenue and Forecast to 2028 (US$ Million)
Figure 21. North America Manufacturing & Construction: Vacuum Bearing Market Revenue and Forecast to 2028 (US$ Million)
Figure 22. North America Energy & Power: Vacuum Bearing Market Revenue and Forecast to 2028 (US$ Million)
Figure 23. North America Mining: Vacuum Bearing Market Revenue and Forecast to 2028 (US$ Million)
Figure 24. North America Aerospace & Defense: Vacuum Bearing Market Revenue and Forecast to 2028 (US$ Million)
Figure 25. North America Others: Vacuum Bearing Market Revenue and Forecast to 2028 (US$ Million)
Figure 26. North America Vacuum Bearing Market, by Material (2021 and 2028)
Figure 27. North America Silicon: Vacuum Bearing Market Revenue and Forecast to 2028 (US$ Million)
Figure 28. North America Stainless Steel: Vacuum Bearing Market Revenue and Forecast to 2028 (US$ Million)
Figure 29. North America Hybrid: Vacuum Bearing Market Revenue and Forecast to 2028 (US$ Million)
Figure 30. North America Others: Vacuum Bearing Market Revenue and Forecast to 2028 (US$ Million)
Figure 31. North America Vacuum Bearing Market, by Country – Revenue (2021) (US$ Million)
Figure 32. North America Vacuum Bearing Market Breakdown, by Country, 2021 & 2028 (%)
Figure 33. US Vacuum Bearing Market, Revenue and Forecast to 2028 (US$ million)
Figure 34. Canada Vacuum Bearing Market, Revenue and Forecast to 2028 (US$ million)
Figure 35. Mexico Vacuum Bearing Market, Revenue and Forecast to 2028 (US$ million)
- NSK Ltd
- Schaeffler Technologies AG & Co. KG
- THE TIMKEN COMPANY
- Bunting Bearings, LLC
- 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 North America 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 North America 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 North America market trends and outlook coupled with the factors driving the North America 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