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Double Row Thrust Angular Contact Ball Bearings Market Forecasts to 2030 - Global Analysis By Type (Back-to-Back Arrangement, Face-to-Face Arrangement, Tandem Arrangement and Other Types), By Application and By Geography
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According to Stratistics MRC, the Global Double Row Thrust Angular Contact Ball Bearings Market is growing at a CAGR of 7.7% during the forecast period. Double-row thrust angular contact ball bearings are specialized types of bearings designed to handle predominantly axial loads. They consist of two rows of balls arranged at an angle to the bearing axis, allowing them to support thrust loads in both directions. These bearings are engineered for applications where bidirectional thrust loads need to be accommodated. Double-row thrust angular contact ball bearings are known for their high load-carrying capacity, rigidity, and ability to handle axial loads efficiently.

According to the Associated General Contractors of America, the construction industry in the United States contributes over US$ 14000 billion worth of construction every year.

Market Dynamics:

Driver:

Increased demand for robust and efficient bearing solutions

Industries such as aerospace, automotive, and heavy machinery require reliable and high-capacity bearings to handle axial loads efficiently. As these industries seek to enhance performance and durability, the demand for double-row thrust angular contact ball bearings has surged. These bearings offer superior load-carrying capacity, precise control, and extended service life, making them essential for critical applications. Their ability to support demanding requirements and ensure equipment reliability positions them as a driving force in the market's growth.

Restraint:

High manufacturing costs

The production of precision bearings involves complex processes, stringent quality standards, and specialized materials. These factors contribute to elevated manufacturing expenses. Manufacturers must invest in cutting-edge technology, skilled labor, and quality control measures to meet industry demands. As a result, the cost of production is high, impacting pricing and competitiveness in the market.

Opportunity:

Growing automotive and aerospace industries

The growing automotive and aerospace industries present significant opportunities in the double row thrust angular contact ball bearings market. Both sectors heavily rely on precision and high-performance bearings for various applications, including transmissions, engine components, and aircraft systems. As these industries expand, the demand for advanced bearings increases, providing manufacturers with opportunities for growth. With a focus on efficiency, safety, and sustainability, the automotive and aerospace industries drive the development of new bearing technologies, making them key growth areas for bearing manufacturers, which can lead to market expansion and technological advancements.

Threat:

Availability of counterfeit and low-quality bearings

The availability of counterfeit and low-quality bearings poses a significant threat to the double row thrust angular contact ball bearings market. Counterfeit bearings not only compromise the reliability and safety of critical machinery but also undermine the reputation of legitimate manufacturers. These substandard products often lack quality control, precision, and durability, leading to premature failures and costly replacement which limits the market growth.

COVID-19 Impact:

The COVID-19 pandemic initially led to disruptions in the double row thrust angular contact ball bearings market, primarily due to supply chain interruptions, reduced industrial activities, and temporary closures of manufacturing facilities. Demand for bearings in industries like aerospace and automotive experienced a downturn. However, as economies gradually recover and industries resume operations, there is an increasing need for machinery and equipment, driving the demand for bearings.

The construction equipment segment is expected to be the largest during the forecast period

During the forecast period, the construction equipment segment is poised to lead the double row thrust angular contact ball bearings market due to the robust demand for bearings in heavy machinery used in construction. These bearings are crucial for withstanding the axial loads generated by excavators, cranes, and bulldozers, ensuring the reliability and efficiency of these machines. As infrastructure development and urbanization continue to rise globally, the construction industry's reliance on heavy equipment remains strong. This sustained demand, coupled with advancements in bearing technology, supports the industry's growth.

The back-to-back arrangement (DB) segment is expected to have the highest CAGR during the forecast period

Over the projection period, the back-to-back arrangement (DB) segment is expected to witness the highest CAGR due to its ability to address the increasing demand for robust and versatile bearing solutions. This configuration enhances load-carrying capacity and rigidity in applications where both axial and radial loads are present, making it suitable for a wide range of industries. As industries continue to seek efficient solutions for bidirectional thrust loads, the DB arrangement's versatility positions it for substantial growth, meeting the evolving needs of sectors like aerospace, automotive, and heavy machinery, thus driving market expansion.

Region with largest share:

North America is estimated to retain the largest market share in the double row thrust angular contact ball bearings market due to several key factors. The region benefits from a robust industrial and manufacturing sector, including aerospace, automotive, and heavy machinery, which heavily rely on these bearings. Additionally, North America's strong economic conditions, steady investments in infrastructure development, and a focus on energy-efficient solutions contribute to its leadership in the market, making it a prime hub for double-row thrust angular contact ball bearing adoption and growth.

Region with highest CAGR:

Asia Pacific is poised to experience the highest growth in the double row thrust angular contact ball bearings market due to rapid industrialization, particularly in countries like China and India, which is driving demand for industrial machinery and automation. Additionally, infrastructure development projects and the expansion of automotive manufacturing in the region are contributing to increased demand. Furthermore, the growing awareness of the benefits of advanced bearing technologies further fuels the market's growth in the region.

Key players in the market

Some of the key players in Double Row Thrust Angular Contact Ball Bearings Market include: Daido Metal Co., Ltd., JTEKT Corporation (Koyo Bearings), NSK Ltd., NTN Corporation, RBC Bearings, SAB Bearing Manufacturers, Schaeffler Group, SKF Group, Timken Company and ZKL Group.

Key Developments:

In October 2023, SKF India, the country's leading bearings manufacturer, announces the launch of Open Innovation initiative to accelerate innovation and create more sustainable and customer-oriented solutions under the intelligent and clean strategy. In collaboration with IncubateHub, the initiative invites participation from start-ups, scale-ups, academia, and industry experts to exchange ideas, technologies, and expertise to co-create solutions for the industrial and automotive businesses in the Southeast Asian region.

In August 2023, The iron and steel industry group LKAB has entered into an agreement with SKF regarding a collaboration to develop data-driven maintenance. The five-year agreement covers all the facilities within LKAB and is intended to build up operating data and decision-support systems for optimized maintenance in order to reduce costs, energy consumption and environmental impact.

In July 2023, NSK has developed ultra-smooth motion technology to enhance the performance of NSK Linear Guides used in industrial machinery. The technology achieves a highly consistent dynamic friction profile ideal for high-precision inspection and measurement equipment. The ultra-smooth motion technology is now available as an option for NH/NS Series linear guides. NSK aims to achieve annual sales of 500 million yen by 2026 of products with this technology.

Types Covered:

Applications Covered:

Regions Covered:

What our report offers:

Free Customization Offerings:

All the customers of this report will be entitled to receive one of the following free customization options:

Table of Contents

1 Executive Summary

2 Preface

3 Market Trend Analysis

4 Porters Five Force Analysis

5 Global Double Row Thrust Angular Contact Ball Bearings Market, By Type

6 Global Double Row Thrust Angular Contact Ball Bearings Market, By Application

7 Global Double Row Thrust Angular Contact Ball Bearings Market, By Geography

8 Key Developments

9 Company Profiling

(ÁÖ)±Û·Î¹úÀÎÆ÷¸ÞÀÌ¼Ç 02-2025-2992 kr-info@giikorea.co.kr
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