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The global automotive needle roller bearing market is expected to reach a considerable value by 2026, expanding at a CAGR of 4% during the forecasted period from 2020 to 2026. The needle roller bearing is cylindrical in shape and is small in diameter compared to its length. The modified bearings prevent stress peaks to increase service life. These products come in different designs, sizes, and shapes which make them appropriate for a wide variety of applications. The use of needle roller bearing in automotive industries has grown rapidly in recent times owing to the advancement in technology. Some other factors need to be taken into consideration while performing the bearing operations are the geometry of housing, raceway surface finish, lubrication that prevents contamination and acts as coolant, and hardness of the bearing. The recent development in the technology such as a reduction in weight & cross-section has increased their applications.
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The Global Automotive Needle Roller Bearing Market by Applications and Regions — Global Industry Analysis, Growth, Share, Size, Trends and Forecast 2020–2026 Report By
The globalautomotive needle roller bearing market is expected to reach a considerable value by 2026, expanding at a CAGR of 4% during the forecasted period from 2020 to 2026. The needle roller bearing is cylindrical in shape and is small in diameter compared to its length. The modified bearings prevent stress peaks to increase service life. These products come in different designs, sizes, and shapes which make them appropriate for a wide variety of applications. The use of needle roller bearing in automotive industries has grown rapidly in recent times owing to the advancement in technology. Some other factors need to be taken into consideration while performing the bearing operations are the geometry of housing, raceway surface finish, lubrication that prevents contamination and acts as coolant, and hardness of the bearing. The recent development in the technology such as a reduction in weight & cross-section has increased their applications. Request for sample@https://dataintelo.com/request-sample/?reportId=74205
Market Trends, Drivers, Restraints, and Opportunities: • Factors driving the growth for the automotive needle roller bearing market are its ability to withstand more rigid and larger shaft in various applications, increased demand for commercial vehicles, technological advancements, high load-bearing capacity, and lower cost compared to ball bearing. • The latest trend in the automotive needle roller bearing market is the use of technology to reduce the weight and space occupied by these needles. In addition, these needle are also used to reduce energy consumption in electric vehicles. • One of the limiting factors that is hindering the growth of the market is the cost associated with the investment in R&D to develop new products. • The development in surface finish characteristics & stress analysis and the advent of electric vehicles provide many opportunities for the adoption of needle roller bearing in the automotive market segment.
Ask for discount@https://dataintelo.com/ask-for-discount/?reportId=74205 Competitive Landscape: Key players operating in the global automotive needle roller bearing market are AST bearings, LELI SRL, Schaeffler Group, JTEKT, Koyo Seiko, NTN Corporation,Timken Company, SNL Bearings Limited, San Yun Industrial co. Ltd., SKF, NSK Ltd. Major strategies followed by these players are partnerships, investment in R&D for developing new products, improving product line for existing products, market expansion, partnerships, joint ventures, product innovation, and mergers & acquisitions. In December 2017–2018, companies such as JTEKT and Schaeffler have announced their investment plans regarding the expansion of needle roller bearing production facilities to meet the growing demand in the automotive industry. In January 2018, Schaeffler has developed a new transmission bearing with low friction, which is suitable for SUVs and commercial vehicles. Enquiry Before Buying@https://dataintelo.com/enquiry-before-buying/?reportId=74205
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