Los Angeles, CA -- (SBWIRE) -- 01/10/2019 -- This study focuses on the production side and consumption side of Bearing for Steel, presents the global Bearing for Steel market size by manufacturers, regions, type and application, history breakdown data from 2013 to 2018, and forecast to 2025.

In terms of production side, this report researches the Bearing for Steel capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and product type.

In terms of consumption side, this report focuses on the consumption of Bearing for Steel by regions and application. The key regions like North America, Europe, Asia-Pacific, Central & South America, Middle East and Africa etc.

Bearings are used as a mechanical component to transfer the power and to move a certain part, and this is done by utilizing the small frictional force of the bearings, which makes them rotate easily (or move in one direction easily), all the while withstanding the force and weight load acting against them.

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There are quite a lot of types bearings are used for steel industry; in summary, three types, Cylindrical Roller Bearings, Spherical Roller bearings and Tapered Roller Bearings are the most common used types. Based on market value, Cylindrical Roller Bearings have the largest market share, about 35% in 2017.

At present, the manufactures of bearing for steel industry are concentrated in Europe, Japan, North America and China. China is the largest market of bearings for steel industry in the world, driven by the huge steel production capacity in China. The following areas are Europe and North America. The global leading players in this market are SKF, JTEKT, Schaeffler and NSK.

The market competition of bearings for steel industry is fierce; Investment and technology thresholds are relatively high. For companies that are interested in entering the industry, we suggest that we must do a good job of pre-investigating and fully analyze their advantages and disadvantages.

The Bearing for Steel market was valued at 1760 Million US$ in 2017 and is projected to reach 2010 Million US$ by 2025, at a CAGR of 1.7% during the forecast period. In this study, 2017 has been considered as the base year and 2018 to 2025 as the forecast period to estimate the market size for Bearing for Steel.

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This report includes the following manufacturers; we can also add the other companies as you want.

SKF

JTEKT

Schaeffler

NSK

Timken

NTN

ZWZ

NACHI

C&U GROUP

ZYS

Market Segment by Product Type

Cylindrical Roller Bearings

Spherical Roller bearings

Tapered Roller Bearings

Others

Market Segment by Application

Steel Making Process

Continuous Casting Process

Rolling Mills Process

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