Crossed Roller Bearings Market Growth & Trends
The global crossed roller bearings market size is expected to reach USD 1618 million by 2029, according to a new report by Absolute Markets Insights. The market is expected to expand at a CAGR of 2.2% from 2021 to 2029. The growing demand for customized crossed roller bearings owing to upgrade and expansion of existing manufacturing facilities along with adoption of innovative machineries and technologies across industries is fueling the growth of global crossed roller bearings market.
Crossed roller bearings are largely integrated in robotic joints with difficult motion and load requirements. However, many other mechanical designs benefit from the rigidity, accuracy, speed and compact size that are provided by crossed roller bearings. Crossed roller bearing lineup are made available in a variety of sizes and designs to deliver these benefits to any mechanical system that carry out complex rotary motion in a tight space. Crossed roller bearings market participants are introducing products, which most efficiently caters to the requirement. IKO International (NIPPON THOMPSON CO.,LTD.), for instance, in November 2021 introduced ultra-thin and ultra-small unit variant of crossed roller bearing, ‘CRBT105A’. The component has been designed to provide rigidity, specifically for space-constrained automated machine designs. The ultra-small size of the component along with its ability to provide high rigidity, has led to its application in compact surveillance cameras and robots having articulating arms.
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Crossed roller bearings are specially structured bearings, wherein the inner ring is split and rotating outer ring. The major characteristics of crossed roller bearings include exceptional rotation accuracy, compact design, simple installation and operations amongst others. These distinctive features have expanded their scope of applications, which include industrial equipment such as machine tools, industrial robots, precision rotary tables and grinding machines amongst others, semiconductor processing machines, radar systems and medical equipment including CT scanners, X-ray machines, surgery robots and others. Furthermore, manufacturers also provide customized crossed roller bearings, to cater to the end user requirement more efficiently. Hence, the enhancing scope of applications of crossed roller bearings along with provision of customized solutions is estimated to contribute significantly towards the growth of global crossed roller bearings market over the forecast period.
The 402+ Pages Report titled, “Crossed Roller Bearings Market - Global Insights, Growth, Size, Comparative Analysis, Trends and Forecast, 2021 – 2029” will comprise of in-depth information on the following pointers:
- Global Market size and forecast values (2015 – 2029), in terms of revenue (US$ Million) by segments/sub-segments; wherein 2015 to 2019 has been considered as historic years, 2020 as the base year, while 2021 to 2029 will be taken as the forecast period.
- Split of the market revenue (US$ Million) into all the relevant segments & sub-segments across all major regions/countries.
- Market Dynamics & Trends
- Impact of Coronavirus on Global Crossed Roller Bearings Market
- Macro-Economic and Micro-Economic Indicators
- Porter’s Five Forces Analysis
- Competitive Benchmarking: Global Presence and Growth Strategies
- Market Share Analysis, 2020
- The research studies are also provided specific to a region including North America, Europe, Asia Pacific, Middle East & Africa and Latin America
- Comprehensive analysis on major market participants operating in the crossed roller bearings market, incorporating information on company details, company overview, product offerings, key developments, financial analysis, SWOT analysis and business strategies
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Crossed Roller Bearings Market Report Highlights
- The structure of the tapered crossed roller bearings enables it to accommodate axial loads in both the directions, including radial loads and tilting moments, which has escalated its adoption across a wide array of industrial applications. The crossed roller bearings variant is further anticipated to growth with the highest CAGR over the period of next eight years
- The ability of crossed roller bearings to withstand large axial and radial loads has enhanced its applicability in industrial robots, along with other end-use applications. Significant investments towards industrial robots is anticipated to fuel the segment’s growth over the forecast period.
- Medical equipment is the second fastest growing application category in the global crossed roller bearings market over the forecast period. Their high precision makes them particularly desirable for indexing tables found in blood centrifuges. Increasing investments towards development on surgery support robots is contributing towards the segment’s growth in the global market.
- Indirect channels of distribution is gaining traction in the global crossed roller bearings market and is anticipated to witness fastest growth rate over the period of next eight years. Manufacturers are increasingly engaging with distributors to expand their geographical presence and increase consumer base.
- Asia Pacific led the global crossed roller bearings market and is anticipated to accelerate at the fastest rate over the forecast period. Increasing industrial investment in the region is favoring the region’s growth in the global market.
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Crossed Roller Bearings Market Segmentation
Absolute Markets Insights has segmented the global crossed roller bearings market on the basis of indication, surgery type, product, end user, and region:
Crossed Roller Bearings Type Outlook (Revenue, USD Million, 2015 - 2029)
- Cylindrical Crossed Roller Bearings
- Tapered Crossed Roller Bearings
- Others
Crossed Roller Bearings Dimension Outlook (Revenue, USD Million, 2015 - 2029)
- Less than 50mm
- 50mm to 150 mm
- 150mm to 300mm
- 300mm to 450mm
- 450mm to 600mm
- 600mm to 750mm
- More than 750mm
Crossed Roller Bearings Application Outlook (Revenue, USD Million, 2015 - 2029)
- Industrial Equipment
- Machine Tools
- Grinding Machines
- Material Handling Equipment
- Precision Rotary Tables
- Others
- Industrial Robots
- Semiconductor Processing Machines
- Medical Equipment
- X-Ray Equipment
- CT Scanners
- Surgery Support Robots
- Others
- Radar Systems
- Radio and Optical Telescopes
- Others
Crossed Roller Bearings Distribution Channel Outlook (Revenue, USD Million, 2015 - 2029)
- Direct
- Indirect
Crossed Roller Bearings Regional Outlook (Revenue, USD Million, 2015 - 2029)
- North America
- U.S.
- Canada
- Mexico
- Rest of North America
- Europe
- France
- The UK
- Spain
- Germany
- Italy
- Nordic Countries
- Denmark
- Finland
- Iceland
- Sweden
- Norway
- Benelux Union
- Belgium
- The Netherlands
- Luxembourg
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- New Zealand
- Australia
- South Korea
- Southeast Asia
- Indonesia
- Thailand
- Malaysia
- Singapore
- Rest of Southeast Asia
- Rest of Asia Pacific
- Middle East & Africa
- Saudi Arabia
- UAE
- Egypt
- Kuwait
- South Africa
- Rest of Middle East & Africa
- Latin America
- Brazil
- Argentina
- Rest of Latin America
List of Key Players of Crossed Roller Bearings Market:
- AEC
- BMD
- CPM S.p.A
- GMT Europe GmbH
- Hiwin Corporation
- IBO GmbH
- IKO International
- ISB Industries
- Luoyang Huigong Bearing Technology Co., Ltd.
- LYC Bearing Corporation
- NSK Ltd.
- Schaeffler Technologies AG & Co. KG
- SKF
- THB BEARINGS CO.,LTD.
- THE TIMKEN COMPANY
- THK CO., LTD.
- Other Market Participants
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