Global Mounted Bearing Market is valued at approximately USD 1.3 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 5.6% over the forecast period 2022-2028. The bearing is a machine component that decreases friction between moving parts by restricting relative motion to only that which is required. The car bearing is a critical component in the vehicle since it is responsible for the vehicle's efficient and smooth functioning. Its main purpose is to enable linear or rotational movement as well as high-pressure processing. The market is driven by key factors such as adoption of mounted bearings in major industries and increased efficiency and long life with less maintenance requirements. For instance, Food processing industries accounted for 15% of the value of shipments from the United States in 2018, according to the US Department of Agriculture (USDA). In the same year, meat processing, dairy, and drinks represented 24 percent, 13 percent, and 12 percent of total food processing shipping, respectively. Improved economic conditions and increased consumption would almost certainly enhance demand for food processing machinery. The US Department of Agriculture (USDA) spent USD 500 million to expand meat and poultry processing capacity. However, availability of counterfeit products impedes the growth of the market over the forecast period of 2022-2028.

The key regions considered for the global Mounted Bearing Market study include Asia Pacific, North America, Europe, Latin America, and Rest of the World. Asia Pacific is dominating the market shares owing to motor vehicle production along with the dominance of strong aftermarket in the region and rapid expansion of the machinery. However, Europe is projected to be the fastest growing region due to rising production of motor vehicles in forecast years.

Major market players included in this report are:

SKF
Timken
NSK Ltd.
Schaeffler Ag
NTN Bearing Corporation
Regal Rexnord
PT International
Jones Bearing Company
Asahi Seiko Co., Ltd.
FYH Inc.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Product Type:
Ball Bearing
Roller Bearing
By Housing Block Type:
Plummer Block
Flanged Block
Take-up Block
Others
By Market Channel:
OE Market
Aftermarket
By End-User Industry:
Food & Beverage
Agriculture
Farm & Fish
Construction & Mining
Others
By Equipment Type:
Ball Mill Drives
Fans & Blowers
Gearbox & Transmission
Conveyors
Crushers
Mixer Drives
Others
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World
Furthermore, years considered for the study are as follows:

Historical year - 2018, 2019, 2020
Base year - 2021
Forecast period - 2022 to 2028
Target Audience of the Global Mounted Bearing Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors