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Global Cross Roller Bearings Market: By Product: Single Inner and Split Outer Ring, Split Inner and Single Outer Ring, Others; By Bore Diameter; By Application; Regional Analysis; Historical Market and Forecast (2017-2027); Market Dynamics: SWOT Analysis; Value Chain Analysis; Competitive Landscape; Industry Events and Developments

Global Cross Roller Bearings Market Outlook

The global market for cross roller bearings reached a value of about USD 1.35 billion in 2021. The industry is further expected to grow at a CAGR of about 2.60% in the forecast period of 2022-2027 to reach a value of around USD 1.57 billion by 2027.

 

Asia Pacific to be a Significant Regional Market for Cross Roller Bearings

The rapid economic development in the region, reflected by the speedy industrialisation in India and China, is one of the primary factors enabling the Asia Pacific region to dominate the cross-roller bearings market share in the forecast period. The rising deployment of robotics in the medical and renewables industries in Japan and South Korea, and increased construction activity in China, India, Japan, and South Korea, will further propel the regional market growth. Also, the increasing applications of bearings in the renewable energy sector are expected to accelerate the market growth in the region.

In North America, heavy investments in construction equipment, communications technologies, and medical technologies will augment the market growth. The increasing investments in special bearings, which are immensely deployed in medical applications, such as CT scanners, diagnostics equipment, and others, are expected to stimulate the market growth in the region.

On the other hand, the market in Europe is set to experience a high growth phase owing to the active adoption of smart factories, warehouses, and distribution centres, along with robust healthcare infrastructure.

 

Market Segmentations

Inner ring division and outer ring rotation distinguish cross roller bearings from other types of bearings. It is simple to install the cross-roller shaft ring because the divided inner ring or outer ring is fastened together with the cross-roller shaft ring after loading the roller and interval retainer to prevent mutual separation. Robots require cross roller bearings to travel on uneven surfaces because they provide rigidity and strength.

Based on product, the market is segmented into:

  • Single Inner and Split Outer Ring
  • Split Inner and Single Outer Ring
  • Others

Based on bore diameter, the market is divided into:

  • 18 mm to 250 mm
  • 250 mm to 400 mm
  • 400 mm to 800 mm
  • Above 800 mm

The significant applications of the market are:

  • Industrial Machinery 
  • Medical systems
  • Robotics
  • Others

The regional markets for the cross-roller bearings market can be divided into North America, Europe, the Asia Pacific, Latin America, the Middle East and Africa.

 

Growth in Wind Energy Augmenting the Market Growth

There has been a substantial increase in wind installations around the globe. This bodes well for the rising demand for cross-roller bearings because these components ensure that the wear and tear of wind turbines happen at a stable rate. According to research conducted by the National Wind Technology Centre in the United States, bearing axial cracks, which result from friction between the rolling components and excessive pressure on the bearings, are among the most prevalent failures in wind turbines. As a result, as renewable energy grows, the demand for cross roller bearings increases. The techniques used by prominent competitors to tighten their grip on the market are increasingly defining competition in this industry. For example, in June 2020, Schaeffler introduced its next-gen XZU conical thrust cage needle roller bearing and RTWH precision gearbox. The bearing solution is designed for robot and cobot (collaborative robots) joints, assuring low friction and high rigidity quotient.

At the same time, the RTWH gearbox comprises speed-reduction gears to be used in robot articulated joints. The ability of cross roller bearings to withstand large axial and radial loads has enhanced its applicability in industrial robots, along with other end-use applications. Significant investments toward industrial robots are anticipated to fuel the market growth over the forecast period. The development in the industrial sector, along with investments towards the development of smart factories, has increased the applications of cross roller bearings in these sectors and showcased positive growth prospects for the global market over the forecast period.

 

Key Players in the Market for Global Cross Roller Bearings

The report gives a detailed analysis of the following key players in the global cross roller bearings market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

  • Luoyang Huigong Bearing Technology Co., Ltd
  • The Timken Company
  • HIWIN Technologies Corp.
  • Nippon Bearing Co., Ltd.
  • Schaeffler AG
  • Others

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.

 

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2021
Historical Period 2017-2021
Forecast Period 2022-2027
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Product
  • Bore Diameter
  • Application
  • Region
Breakup by Product
  • Single Inner and Split Outer Ring
  • Split Inner and Single Outer Ring
  • Others
Breakup by Bore Diameter
  • 18 mm to 250 mm
  • 250 mm to 400 mm
  • 400 mm to 800 mm
  • Above 800 mm
Breakup by Application
  • Industrial Machinery 
  • Medical systems
  • Robotics
  • Others
Breakup by Region
  • North America
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT
  • Porter's Five Forces
  • Key Indicators for Demand
  • Key Indicators for Price
Trade Data Analysis
  • Major Exporting Countries
    • By Value
    • By Volume
  • Major Importing Countries
    • By Value
    • By Volume
Price Analysis
  • Historical Price Trends
  • Forecast Price Trends
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • Luoyang Huigong Bearing Technology Co., Ltd
  • The Timken Company
  • HIWIN Technologies Corp.
  • Nippon Bearing Co., Ltd.
  • Schaeffler AG
  • Others
Report Price and Purchase Option Explore our purchase options that are best suited to your resources and industry needs.
Delivery Format Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.

 

*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Market Snapshot
    6.1    Global
    6.2    Regional
7    Industry Opportunities and Challenges
8    Global Cross Roller Bearings Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Cross Roller Bearings Historical Market (2017-2021) 
    8.3    Global Cross Roller Bearings Market Forecast (2022-2027)
    8.4    Global Cross Roller Bearings Market by Product
        8.4.1    Single Inner and Split Outer Ring
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2017-2021)
            8.4.1.3    Forecast Trend (2022-2027)
        8.4.2    Split Inner and Single Outer Ring
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2017-2021)
            8.4.2.3    Forecast Trend (2022-2027)
        8.4.3    Others
    8.5    Global Cross Roller Bearings Market by Bore Diameter
        8.5.1    18 mm to 250 mm
            8.5.1.1    Market Share
            8.5.1.2    Historical Trend (2017-2021)
            8.5.1.3    Forecast Trend (2022-2027)
        8.5.2    250 mm to 400 mm
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2017-2021)
            8.5.2.3    Forecast Trend (2022-2027)
        8.5.3    400 mm to 800 mm
            8.5.3.1    Market Share
            8.5.3.2    Historical Trend (2017-2021)
            8.5.3.3    Forecast Trend (2022-2027)
        8.5.4    Above 800 mm
            8.5.4.1    Market Share
            8.5.4.2    Historical Trend (2017-2021)
            8.5.4.3    Forecast Trend (2022-2027)
    8.6    Global Cross Roller Bearings Market by Application
        8.6.1    Industrial Machinery 
            8.6.1.1    Market Share
            8.6.1.2    Historical Trend (2017-2021)
            8.6.1.3    Forecast Trend (2022-2027)
        8.6.2    Medical systems
            8.6.2.1    Market Share
            8.6.2.2    Historical Trend (2017-2021)
            8.6.2.3    Forecast Trend (2022-2027)
        8.6.3    Robotics
            8.6.3.1    Market Share
            8.6.3.2    Historical Trend (2017-2021)
            8.6.3.3    Forecast Trend (2022-2027)
        8.6.4    Others
    8.7    Global Cross Roller Bearings Market by Region
        8.7.1    Market Share
            8.7.1.1    North America
            8.7.1.2    Europe
            8.7.1.3    Asia Pacific
            8.7.1.4    Latin America
            8.7.1.5    Middle East and Africa
9    Regional Analysis
    9.1    North America
        9.1.1    Historical Trend (2017-2021)
        9.1.2    Forecast Trend (2022-2027)
        9.1.3    Breakup by Country
            9.1.3.1    United States of America 
            9.1.3.2    Canada
    9.2    Europe
        9.2.1    Historical Trend (2017-2021)
        9.2.2    Forecast Trend (2022-2027)
        9.2.3    Breakup by Country 
            9.2.3.1    United Kingdom
            9.2.3.2    Germany
            9.2.3.3    France
            9.2.3.4    Italy
            9.2.3.5    Others
    9.3    Asia Pacific
        9.3.1    Historical Trend (2017-2021)
        9.3.2    Forecast Trend (2022-2027)
        9.3.3    Breakup by Country
            9.3.3.1    China
            9.3.3.2    Japan
            9.3.3.3    India
            9.3.3.4    ASEAN
            9.3.3.5    Australia
            9.3.3.6    Others
    9.4    Latin America
        9.4.1    Historical Trend (2017-2021)
        9.4.2    Forecast Trend (2022-2027)
        9.4.3    Breakup by Country
            9.4.3.1    Brazil
            9.4.3.2    Argentina
            9.4.3.3    Mexico
            9.4.3.4    Others
    9.5    Middle East and Africa
        9.5.1    Historical Trend (2017-2021)
        9.5.2    Forecast Trend (2022-2027)
        9.5.3    Breakup by Country
            9.5.3.1    Saudi Arabia
            9.5.3.2    United Arab Emirates
            9.5.3.3    Nigeria
            9.5.3.4    South Africa
            9.5.3.5    Others
10    Market Dynamics
    10.1    SWOT Analysis
        10.1.1    Strengths
        10.1.2    Weaknesses
        10.1.3    Opportunities
        10.1.4    Threats
    10.2    Porter’s Five Forces Analysis
        10.2.1    Supplier’s Power
        10.2.2    Buyer’s Power
        10.2.3    Threat of New Entrants
        10.2.4    Degree of Rivalry
        10.2.5    Threat of Substitutes
    10.3    Key Indicators for Demand
    10.4    Key Indicators for Price
11    Value Chain Analysis
12    Trade Data Analysis (HS Code- 8482)

    12.1    Major Exporting Countries
        12.1.1    By Value
        12.1.2    By Volume
    12.2    Major Importing Countries
        12.2.1    By Value
        12.2.2    By Volume 
13    Price Analysis
14    Competitive Landscape

    14.1    Market Structure
    14.2    Company Profiles
        14.2.1    Luoyang Huigong Bearing Technology Co., Ltd
            14.2.1.1    Company Overview
            14.2.1.2    Product Portfolio
            14.2.1.3    Demographic Reach and Achievements
            14.2.1.4    Certifications
        14.2.2    The Timken Company
            14.2.2.1    Company Overview
            14.2.2.2    Product Portfolio
            14.2.2.3    Demographic Reach and Achievements
            14.2.2.4    Certifications
        14.2.3    HIWIN Technologies Corp.
            14.2.3.1    Company Overview
            14.2.3.2    Product Portfolio
            14.2.3.3    Demographic Reach and Achievements
            14.2.3.4    Certifications
        14.2.4    Nippon Bearing Co., Ltd. 
            14.2.4.1    Company Overview
            14.2.4.2    Product Portfolio
            14.2.4.3    Demographic Reach and Achievements
            14.2.4.4    Certifications
        14.2.5    Schaeffler AG
            14.2.5.1    Company Overview
            14.2.5.2    Product Portfolio
            14.2.5.3    Demographic Reach and Achievements
            14.2.5.4    Certifications
        14.2.6    Others
15    Industry Events and Developments

 

List of Key Figures and Tables

1.    Global Cross Roller Bearings Market: Key Industry Highlights, 2017 and 2027
2.    Global Cross Roller Bearings Historical Market: Breakup by Product (USD Billion), 2017-2021
3.    Global Cross Roller Bearings Market Forecast: Breakup by Product (USD Billion), 2022-2027
4.    Global Cross Roller Bearings Historical Market: Breakup by Bore Diameter (USD Billion), 2017-2021
5.    Global Cross Roller Bearings Market Forecast: Breakup by Bore Diameter (USD Billion), 2022-2027
6.    Global Cross Roller Bearings Historical Market: Breakup by Application (USD Billion), 2017-2021
7.    Global Cross Roller Bearings Market Forecast: Breakup by Application (USD Billion), 2022-2027
8.    Global Cross Roller Bearings Historical Market: Breakup by Region (USD Billion), 2017-2021
9.    Global Cross Roller Bearings Market Forecast: Breakup by Region (USD Billion), 2022-2027
10.    North America Cross Roller Bearings Historical Market: Breakup by Country (USD Billion), 2017-2021
11.    North America Cross Roller Bearings Market Forecast: Breakup by Country (USD Billion), 2022-2027
12.    Europe Cross Roller Bearings Historical Market: Breakup by Country (USD Billion), 2017-2021
13.    Europe Cross Roller Bearings Market Forecast: Breakup by Country (USD Billion), 2022-2027
14.    Asia Pacific Cross Roller Bearings Historical Market: Breakup by Country (USD Billion), 2017-2021
15.    Asia Pacific Cross Roller Bearings Market Forecast: Breakup by Country (USD Billion), 2022-2027
16.    Latin America Cross Roller Bearings Historical Market: Breakup by Country (USD Billion), 2017-2021
17.    Latin America Cross Roller Bearings Market Forecast: Breakup by Country (USD Billion), 2022-2027
18.    Middle East and Africa Cross Roller Bearings Historical Market: Breakup by Country (USD Billion), 2017-2021
19.    Middle East and Africa Cross Roller Bearings Market Forecast: Breakup by Country (USD Billion), 2022-2027
20.    Major Exporting Countries by Value
21.    Major Importing Countries by Value
22.    Major Exporting Countries by Volume
23.    Major Importing Countries by Volume
24.    Global Cross Roller Bearings Market Structure

Key Questions Answered in the Report

In 2021, the global cross roller bearings market attained a value of nearly USD 1.35 billion.

The market is projected to grow at a CAGR of 2.60% between 2022 and 2027.

The market is estimated to witness healthy growth in the forecast period of 2022-2027 to reach USD 1.57 billion by 2027.

The major drivers of the market include industrialisation, the rising deployment of robotics in the medical sector, increasing applications of bearings in the renewable energy sector, investments in construction equipment, robust healthcare infrastructure, development in the industrial sector, and investments toward the development of smart factories.

The increase in wind installations and significant investments in industrial robots are the key industry trends propelling the market's growth.

The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.

The different products in the market are single inner and split outer ring and split inner and single outer ring, among others.

Based on bore diameter, the market is divided into 18 mm to 250 mm, 250 mm to 400 mm, 400 mm to 800 mm, and above 800 mm.

The significant applications of the market are industrial machinery, medical systems, and robotics, among others.

The major players in the industry are Luoyang Huigong Bearing Technology Co., Ltd, The Timken Company, HIWIN Technologies Corp., Nippon Bearing Co., Ltd., and Schaeffler AG, among others.

Analyst Review

The global cross roller bearings market attained a value of USD 1.35 billion in 2021, driven by the increase in wind installations. Aided by the increasing applications of bearings in the renewable energy sector and significant investments toward industrial robots, the market is expected to witness further growth in the forecast period of 2022-2027, growing at a CAGR of 2.60%. The market is projected to reach USD 1.57 billion by 2027.

EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. The different products in the market are single inner and split outer ring and split inner and single outer ring, among others. Based on bore diameter, the market is divided into 18 mm to 250 mm, 250 mm to 400 mm, 400 mm to 800 mm, and above 800 mm. The significant applications of the market are industrial machinery, medical systems, and robotics, among others. The major regional markets for cross roller bearings are North America, Europe, the Asia Pacific, Latin America, the Middle East and Africa. The key players in the above market are Luoyang Huigong Bearing Technology Co., Ltd, The Timken Company, HIWIN Technologies Corp., Nippon Bearing Co., Ltd., and Schaeffler AG, among others.

EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.

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