Press release
Rolling Bearing Steel Market to Observe Significant Growth Opportunities Till 2027
Rolling bearing steel is a basic component used in numerous machines and motors, which are capable to carry heavy loads. Steel balls or rollers are placed between two bearing steel rings known as races, which reduce friction. It is made of steel, along with different types of materials used in them such as high carbon chromium, stainless hardening and others, which makes steel bearing highly resistant and increases its fatigue strength owing to which it is demandable in numerous industries.Rolling bearing steel consists of outer ring, cage, steel ball, and inner ring. It is available in different shapes including cylindrical rolling bearing, tapered rolling bearing, spherical rolling bearing, thrust rolling bearing and needle rolling bearing, to be used in respective applications as per the need. For instance, needle roller bearing are used in transmission, pumps, compressors, and drive shafts among others in the automotive industry.
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Key players operating in the rolling bearing steel market are: NSK Ltd., SANYO SPECIAL STEEL Co., Ltd., Benxi Iron & Steel (Group) Co., Ltd., Nanjing Iron and Steel Co., Ltd, JFE Steel Corporation, The Aichi Steel Group, Suzhou Suxin Special steel Co. Ltd., Dongbei Special Steel Group Co., Ltd., and Henan Jiyuan Iron & Steel Group Co Ltd among several others.
Regional Outlook:
North America is expected to be dominant market over the forecast period, owing to the presence of established automotive players such as General Motors, Ford, and Fiat Chrysler in the region.
Asia Pacific is expected to have the substantial market share in the rolling bearing market during the forecast period. China is expected to hold significant position in the market in this region. With the long presence of large number of steel producing manufacturing units and easy availability of steel, it may propel the rolling bearing steel market in the coming decade.
However, the ban on the production of steel in various countries due to the rising pollution may hinder the rolling bearing steel market.
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Market Taxonomy:
By Component Type:
-Outer & Inner Ring
-Steel Ball
-Cage
By Product Type:
-Cylindrical rolling bearing
-Tapered rolling bearing
-Spherical rolling bearing
-Thrust rolling bearing
-Needle rolling bearing
By Material Type:
-High-carbon chromium bearing steel
-Case hardening bearing steel
-Others
By Application:
-Automobile
-Aviation
-Railways
-Mining & Construction Equipment
-Others
Contact Us:
Name: Mr. Raj Shah
Phone: US +12067016702 / UK +4402081334027
Email: sales@coherentmarketinsights.com
About Coherent Market Insights:
Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.
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