DUBLIN, Sept. 22, 2015 /PRNewswire/ --
Research and Markets (http://www.researchandmarkets.com/research/t42992/global) has announced the addition of the "Global Anti-friction Bearings Market 2015-2019" report to their offering.
The global anti-friction bearings market to grow at a CAGR of 7.02% during 2014-2019.
Anti-friction bearings are mechanical devices employed to reduce friction between rotating equipment. Based on construction, anti-friction bearings are mainly classified into small- and large-bore ball and roller bearings. Roller bearings are further classified into needle, cylindrical, spherical, and tapered roller bearings.
This report covers the present scenario and the growth prospects of the global anti-friction bearings market during 2015-2019. For ascertaining the market size and vendor share, the report considers the revenue obtained from the sales of the two types of anti-friction bearings: roller bearings and ball bearings.
The report, Global Anti-friction Bearings Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.
According to the report, customer awareness about the choice of supplier has increased significantly. The decision is essentially made based on the total cost of ownership of the bearings. Therefore, all expenses associated with the purchase and maintenance of a machine or part of the equipment and lubrication expenses are considered before selecting a particular supplier.
Further, the report states that the global anti-friction bearings market is highly fragmented with the presence of many local, regional, and international vendors. Consequently, new players forayed into the market by providing anti-friction bearings at competitive prices. In addition, key vendors worldwide are adopting a low-price strategy to gain market share. This reduction in price will affect their overall profit margins considerably.
Key Vendors
- JTEKT
- NSK
- NTN
- Schaeffler
- SKF
Other Prominent Vendors
- INA Bearing
- Koyo Bearings
- Nachi-Fujikoshi
- NMB Bearings
For more information visit http://www.researchandmarkets.com/research/t42992/global
Media Contact: Laura Wood , +353-1-481-1716, press@researchandmarkets.net
