Angular Contact Bearings Market: Industry Analysis and Forecast (2021-2027) Trends, Statistics, Dynamics, Segmentation by Product Type, Contact Angles, Application and Region

Angular Contact Bearings Market was valued nearly US$ 3.55 Bn. in 2020. Angular Contact Bearings Market size is estimated to grow at a CAGR of 6.9% & is expected to reach at US$ 5.30 Bn. by 2027.
Angular Contact Bearings Market Overview:
A rolling component bearing with angular contact is a type of rolling component bearing. An angular contact ball bearing is another name for it. It uses a rolling element to transport weights (a ball). They have running paths in both the outer and inner rings that move along the bearing's axis. It means they're engineered in such a way that they can manage both axial & radial loads at the same time, & combined loads.



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Over the forecast period, the market is expected to be driven by rising demand for angular contact ball bearings across a variety of industrial verticals. Furthermore, the increased use of precision engineering for working in difficult environments in the manufacturing and industrial sectors is likely to enhance the market in the coming years.

Benefits such as handling combined loads, forming a single unit rather than two interlocking entities, less friction generation, high rotational speeds, no contamination, and optimal durability, among others, all contribute to the growing adoption of these bearings in various industries, ensuring the angular contact bearings market's growth. In the future years, angular contact ball-bearing market competitors should benefit from a growing emphasis on product innovation to get a competitive advantage in the market. For example, NSK Ltd., a Japanese bearing manufacturer with a wide range of products, has announced the development of a new machine tool spindle bearing technology that will improve spindle reliability and productivity.

An angular contact ball bearing for compressors, pumps, electric motors, and other industrial applications was also introduced by a power transmission and bearing product manufacturer in the United States. The seals on the angular contact ball bearing are strong, and it can work at high speeds. As a result, product innovations are expected to drive the angular contact ball bearing market during the forecast period.

Globally, the growing agriculture machinery market propels the market forward:

Heavy machinery and equipment are widely used in agriculture. Angular contact ball bearings are well-known for their high radial and axial load capacities, as well as their excellent performance, which makes them an excellent choice for agricultural machinery.


Angular Contact Bearings Market Segment Analysis:
With a 67.0 percent share of the single-row angular contact segment in the year 2019, the market dominated by Product Type. This expansion could be attributed to the ability to withstand high loads of single-row angular contact ball rows. Single row angular contact ball bearings can withstand radial, composite, and axial stresses. The axial stress, on the other hand, can only go in one direction. A single row angular contact ball bearing with a high contact angle provides increased axial load capacity.

The CAGR for the double row angular sector is predicted to be 3.4 percent. Because numerous balls can be inserted per row, the capacity is smaller than a single row angular ball bearing. Double row contact ball bearings can withstand axial, radial, and bidirectional loads. The covers are available in both open and screened versions. The use of double row angular contact ball bearings is increasing in applications with limited axial space. This aids the segment's progress.

Because of its expanding application in high-precision industries, the 15° °segment is likely to take a significant share of the market by Contact Angles. Synthetic resin, machined brass cages, or moulded polyamide cages are used in 15° angular contact ball bearings. Polyamide cages that have been moulded can resist temperatures of up to 120°C. As a result, the segment is gaining momentum. In the coming years, the 25° category is predicted to grow at a CAGR of 3.9 percent. The 40° segment is expected to grow at a high CAGR over the projected period due to the increasing use of single row angular contact ball bearings.

Agriculture, by application, makes extensive use of heavy machinery and equipment. Angular contact ball bearings are well-known for their high radial and axial load capacities, as well as their excellent performance, which makes them an excellent choice for agricultural machinery. As a result, by 20267, the agriculture sector is predicted to increase.

Angular contact ball bearings are widely used in the automobile industry due to their long life and ability to function in severe environments. Angular contact ball bearings are used in clutches, gearboxes, steering systems, engines, and other car components. During the projection period, this is expected to fuel an automotive segment. During the forecast period, the others segment is predicted to rise at a CAGR of 4.4 %.

Fast precision angular contact ball bearings developed by Precision are designed to withstand big loads at high speeds while working at low to moderate temperatures. High precision angular contact ball bearings have a chamfer design that is optimized, a lightweight cage, and an asymmetrical outer ring, to name a few features. High precision angular contact ball bearings have a large load-carrying capacity, a broad cross-section, and excellent thermal stability. As a result, the market for high precision angular contact ball bearings is likely to grow at a significant CAGR during the forecast period.
Angular Contact Bearings Market Regional Overview:
Europe is expected to see positive growth in the angular contact ball bearing industry over the forecasted period, as evidenced by stable financial developments and rising business. Furthermore, the developed market's ambitions in the United States, Western Europe, and Japan are motivated by rebounding automobile inventions and a stable venture environment. Increased transactions with the high-value heading, such as large lengths over beautifully built courses employed in enormous wind power turbines and equipment, are projected to boost North America's expansion.

Between 2021 & 2027, the Latin American angular contact ball bearings market is predicted to grow at a CAGR of more than 1.78 %, owing to increased industrialization and transportation infrastructure. Brazil is currently the largest market and is expected to continue to lead in the near future. The market for angular contact ball bearings in Latin America is driven by the installation of a variety of rotating equipment in manufacturing units connected to vehicles, general industrial equipment, power, metals, mining, cement, construction, pulp/paper, defence equipment, and so on.

The objective of the report is to present a comprehensive analysis of the Angular Contact Bearings Market to the stakeholders in the industry. The past and current status of the industry with the forecasted Market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include Market leaders, followers, and new entrants.
PORTER, PESTEL analysis with the potential impact of micro-economic factors of the Market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.

The report also helps in understanding the Angular Contact Bearings Market dynamics, structure by analyzing the Market segments and project the Angular Contact Bearings Market size. Clear representation of competitive analysis of key players by Product Type, price, financial position, Product Type portfolio, growth strategies, and regional presence in the Angular Contact Bearings Market make the report investor’s guide.
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Global Angular Contact Bearings Market


Report Coverage
Details


Base Year:
2020
Forecast Period:
2021-2027


Historical Data:
2016 to 2020
Market Size in 2020:
US $ 3.55 Bn.


Forecast Period 2021 to 2027 CAGR:
6.9%
Market Size in 2027:
US $ 5.30 Bn.


 Segments Covered:
by Product Type
• Single Row Angular Contact
• Double Row Angular Contact


by Contact Angles
• 15°
• 25°
• 30°
• 40°


by Application
• Agriculture Machinery
• Engineering Machinery
• Automotive
• Other



Angular Contact Bearings Market, by Region
• North America
• Europe
• Asia-Pacific
• MEA &Africa
• Latin America
Major Players operating in the Global Angular Contact Bearings Market are:
• Timken Company
• NSK Ltd
• SKF
• NTN Corporation
• Kinematics Manufacturing Inc
• IMO Group
• ThyssenKrupp AG
• JTEKT Corporation
• Forgital Group S.p.A
• Schaeffler Group
• Igus, Kaydon Bearings
• Antex Corporation
• Kavitsu Slew Ring Bearings
• Beeline Engineering Products
• National Engineering Industries.

FAQ’S:

1) What is the share of the Global Angular Contact Bearings Market in 2020?
Answer: The Global Angular Contact Bearings Market was accounted for 3.55 Bn in the year 2020.

2) Which Contact Angles segment is dominating the Global Angular Contact Bearings Market?
Answer: Wireless Electric Pruning Shear segment is the dominating Contact Angles segment in the market.

3) What are the key players in the Global Angular Contact Bearings Market?
Answer: Timken Company, NSK Ltd, SKF, NTN Corporation, Kinematics Manufacturing Inc, IMO Group, ThyssenKrupp AG, JTEKT Corporation, Forgital Group S.p.A, Schaeffler Group, Igus, Kaydon Bearings, Antex Corporation,Kavitsu Slew Ring Bearings,Beeline Engineering Products,National Engineering Industries..

4) Which factor acts as the driving factor for the growth of the Angular Contact Bearings Market?
Answer: The major factors for the growth of the Global Angular Contact Bearings market includes several manufacturers focus on digital operations and connectivity.