Global Conveyor Bearings Market: By Type (Ball, Roller), Material (Steel, Plastic, Rubber, Others), Distribution Channel (Online, Offline), End User (Automotive, Aerospace, Marine, Oil & Gas, robotics, others), and by region – Global industry sizing, growth, trend, opportunity and forecast (2021-2027)

Conveyor Bearing Industry Outlook

The conveyor bearing market size is estimated to register a modest CAGR of 5% during the forecast period (2021-2027). The increasing automation in the industrial sector, including the automotive and food industry, has driven the demand for conveyor bearings across the world. Moreover, continuous increase in R&D spending by market players to diversify its applications into untapped activities is expected to further enhance its consumption across the globe. However, rising steel prices around the world are expected to increase the price of the product and hamper the market growth.

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Conveyor bearings are an essential component of any conveyor system in several industrial sectors, including food and beverage and mining. Among the types of conveyor bearings available in the market is the widespread use of ball conveyors and ball bearing conveyors across the world. In addition, Idler Rollers with Bearings, Conveyor Belt Bearings and Ball Bearings for Conveyor Rollers are expected to see new investment opportunities, owing to the changing trend in the global industrial sector to meet production demand. updated. Conveyor bearings for rollers are widely used in food and e-commerce facilities.

Growing Adoption of Conveyor Bearing in Robotics and Automated Guided Vehicles

The rapid growth of the competitive scenario in the world, considering the growing demand for robotics after the pandemic, continuously aims for the optimization of manufacturing processes and the supply chain. The increasing automation of industrial installations minimizes the direct contact of workers on construction sites and improves production capacity. These machines manage handling capacities, optimizing production time, reducing human errors, increasing worker safety, high production capacities and improving repeatability. Such advantages are increasing the need for robotics in the market in warehouses, automotive facilities, and other factories. According to the International Federation of Robotics (IFR), more than 2.7 million robots were working in factories around the world in 2020. Such advantages increase the demand for robots and at the same time increase the demand for conveyor bearings to further improve productivity. and the efficiency of robotics.

Impact of COVID-19 on the Conveyor Bearings Market

The prevalence of the COVID-19 pandemic has had a positive impact on the revenue of conveyor bearing companies due to regulations imposed on lockdown and shutdown of facilities. However, post-pandemic has largely increased in global manufacturing output, which is expected to result in an additional need for conveyor bearings for end users. The players are also investing in material advancement to overall minimize the price of conveyor bearings and further influence its consumption in the end-use market.

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Report scope

The report depicts the global Conveyor Bearings market study based on type, material, distribution channel, and end-user.

On the basis of Type, the Conveyor Bearings Market has been segmented into –

  • roller conveyor bearings
  • Ball Conveyor Bearings

On the basis of Material, the Conveyor Bearings Market has been segmented into –

  • Steel
  • Plastic
  • Rubber
  • Others

On the basis of distribution channel, the Conveyor Bearings market has been segmented into –

Based on End-User, the Conveyor Bearings Market has been segmented into-

  • Automotive
  • Aerospace
  • food preparation
  • Marine
  • petroleum gas
  • Robotics
  • Others

Conveyor Bearings Market by Distribution Channel, 2018-2025 (USD Billion)

Source: MSG Analysis, 2021

Conveyor Bearing Market: Regional Outlook

Geographically, the global conveyor bearings market has been segmented into five geographical regions: Asia-Pacific, North America, Europe, South America, and Middle East & Africa. In 2020, Asia-Pacific held the largest conveyor bearing market share, followed by Europe and North America. Moreover, Europe is estimated to project the highest CAGR in the world during the forecast period.

Leading Competitors in the Global Conveyor Bearings Market include-

The global conveyor bearing market is highly fragmented with the presence of a large number of small players across the globe. Leading manufacturers of Conveyor Bearings operating in the global market are-

1. Ansell Limited
2.Top Glove Corporation
3.Honeywell International Inc.
4.Supermax Corporation
5. 3M Company
6. Hartalega Holdings
7. WW Grainger, Inc.
8. Kimberly Clark Corporation
9. Industrial Protective Products, Inc.
10.Riverstone Holdings Ltd
11. Saf-T-Gard International, Inc.
12. Superior Glove Works Ltd
13. Lakeland Industries, Inc.
14. Lindstrom Oy
15. Marvel Glove Industries

The Conveyor Bearings Market report covers an in-depth analysis of market dynamics, business models, segmental/regional analysis, and respective market shares and strategies adopted by key market players operating globally. It involves in-depth analysis of factors influencing the global market and market statistics indicating market share/growth analysis by region and segment. The report study will present one of the most comprehensive analyzes of the market, capturing all aspects of the Conveyor Bearings market. The Conveyor Bearings Market report provides an in-depth analysis of macro-economic factors and market attractiveness of each segment. The report will include an in-depth qualitative and quantitative assessment of the industry/regional outlook with the presence of market players in the respective segment and region/country. The information concluded in the report includes the entries.

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The Conveyor Bearings Market Report Covers Comprehensive Analysis on:
  • Market Segmentation and Regional Analysis
  • 10 year market size
  • Price analysis
  • Supply and demand analysis
  • Product life cycle analysis
  • Porter’s Five Forces and Value Chain Analysis
  • Analysis of developed and emerging economies
  • PEST analysis
  • Factor analysis of the market and forecasts
  • Opportunities, risks and market trends
  • Conclusion and recommendation
  • Regulatory landscape
  • Patent analysis
  • Competition landscape
  • More than 15 company profiles
Regional Conveyor Bearing Market Analysis Includes:
  • North America (United States, Canada, Mexico)
  • South America (Brazil, Argentina, Colombia, Peru, Rest of Latin America)
  • Europe (Germany, Italy, France, UK, Spain, Poland, Russia, Slovenia, Slovakia, Hungary, Czech Republic, Belgium, Netherlands, Norway, Sweden, Denmark, Rest of Europe)
  • Asia-Pacific (China, Japan, India, South Korea, Indonesia, Malaysia, Thailand, Vietnam, Myanmar, Cambodia, Philippines, Singapore, Australia and New Zealand, Rest of Asia-Pacific)
  • The Middle East and Africa (Saudi Arabia, United Arab Emirates, South Africa, North Africa, Rest of MEA)

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Conveyor Bearing Market: Target Audience
  • Conveyor Bearing Manufacturers
  • Bearing manufacturers
  • Manufacturers, distributors and suppliers of industrial components
  • Trade publications and magazines
  • Government authorities
  • Industry associations and organizations