LONDON–(BUSINESS WIRE)–Technavio announced the top five leading suppliers in its most recent report on the global ball bearing market to 2020. The research report also lists eight other major suppliers that are expected to affect the market during the forecast period.
       The report believes that the global ball bearing market is a mature market characterized by a small number of manufacturers occupying a larger market share. The efficiency of ball bearings is the main area of ​​concern for manufacturers, because it is the main means of upgrading products in the market. Market capital is highly intensive and asset turnover rate is low. It is difficult for new players to enter the market. Cartelization is the main challenge for the market.
       ”In order to limit any new competition, major suppliers participate in cartels to avoid pushing down each other’s prices, thereby maintaining the stability of existing supplies. The threat from counterfeit products is another key challenge facing suppliers,” Technavio’s chief tools and components Research analyst Anju Ajaykumar said.
       Suppliers in this market should pay more attention to the entry of counterfeit products, especially into the Asia-Pacific region. Companies such as SKF are launching consumer awareness programs to educate consumers and retailers about counterfeit ball bearings.
       NSK was founded in 1916 and is headquartered in Tokyo, Japan. The company produces automotive products, precision machinery and parts, and bearings. It provides a series of products such as ball bearings, spindles, roller bearings and steel balls for various industries. NSK’s products and services are oriented to various industries, including steel, mining and construction, automotive, aerospace, agriculture, wind turbines, etc. The company provides various services to its customers, such as maintenance and repair, training and troubleshooting services.
       The company provides a variety of solutions in this market, applied to steel, paper machinery, mining and construction, wind turbines, semiconductors, machine tools, gearboxes, motors, pumps and compressors, injection molding machines, office equipment, motorcycles and other industries. And railway.
       NTN was founded in 1918 and is headquartered in Osaka, Japan. The company mainly manufactures and sells bearings, constant velocity joints and precision equipment for the automotive, industrial machinery and maintenance commercial markets. Its product portfolio includes mechanical components such as bearings, ball screws, and sintered parts, as well as peripheral components such as gears, motors (drive circuits), and sensors.
       NTN ball bearings are available in a variety of sizes, with outer diameters ranging from 10 to 320 mm. It provides various configurations of seals, protective covers, lubricants, internal clearances and cage designs.
       Schaeffler was founded in 1946 and is headquartered in Herzogenaurach, Germany. The company develops, manufactures and sells rolling bearings, plain bearings, joint bearings and linear products for the automotive industry. It provides engines, gearboxes and chassis systems and accessories. The company operates through two divisions: automotive and industrial.
       The company’s automotive division provides products such as clutch systems, torque dampers, transmission components, valve systems, electric drives, camshaft phase units, and transmission and chassis bearing solutions. The company’s industrial division provides rolling and plain bearings, maintenance products, linear technology, monitoring systems and direct drive technology.
       SKF was founded in 1907 and is headquartered in Gothenburg, Sweden. The company provides bearings, mechatronics, seals, lubrication systems and services, providing technical support, maintenance and reliability services, engineering consulting and training. It provides products in multiple categories, such as condition monitoring products, measuring equipment, coupling systems, bearings, etc. SKF mainly operates through three business areas, including the industrial market, the automotive market and the professional business.
       SKF ball bearings have many types, designs, sizes, series, variants and materials. According to the bearing design, SKF ball bearings can provide four performance levels. These high-quality ball bearings have a long service life. SKF standard bearings are used in applications that must withstand higher loads while reducing friction, heat and wear.
       The Timken Company was founded in 1899 and is headquartered in North Canton, Ohio, USA. The company is a global manufacturer of engineered bearings, alloy steel and special steel and related components. Its product portfolio includes tapered roller bearings for passenger cars, light and heavy trucks and trains, as well as a range of industrial applications such as small gear drives and wind energy machines.
       The radial ball bearing is composed of an inner ring and an outer ring, and the cage contains a series of precision balls. Standard Conrad type bearings have a deep groove structure that can withstand radial and axial loads from two directions, allowing relatively high-speed operation. The company also offers other special designs, including the largest capacity series and super large radial series bearings. The bore diameter of radial ball bearings ranges from 3 to 600 mm (0.12 to 23.62 inches). These ball bearings are designed for high-speed, high-precision applications in agriculture, chemicals, automobiles, general industry, and utilities.
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       Technavio Research Jesse Maida Head of Media and Marketing US: +1 630 333 9501 UK: +44 208 123 1770 www.technavio.com
       Technavio announced the top five leading suppliers in its recent 2016-2020 Global Ball Bearing Market Report.
       Technavio Research Jesse Maida Head of Media and Marketing US: +1 630 333 9501 UK: +44 208 123 1770 www.technavio.com