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North America Super Precision Bearing Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Type ( Angular Contact Ball Bearings, Cylindrical Roller Bearings, and Others ) and Application ( Spindles, High Speed Rolling Mills, Printing Machinery, Precision Ball Screw, Live Centers, High Speed Turbochargers, Vacuum Pumps, Automotive, Boat Gyrostabilizers, Semiconductor Industry, Textile Machinery, Medical & Dental, Measuring Machines, and Aviation & Defense)

April 2023 | 142 pages | ID: NC32B4348BD7EN
The Insight Partners

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The North America super precision bearing market is expected to grow from US$ 2,745.78 million in 2022 to US$ 4,037.43 million by 2028. It is estimated to grow at a CAGR of 6.6% from 2022 to 2028.

Increasing Demand from Aerospace Industry fuels North America Super Precision Bearing Market

In aerospace applications, super precision bearings are used in engines, gearboxes, pneumatic and electric starters, and various auxiliary aircraft positions to improve operational efficiency. These bearings are useful in ensuring reliable aircraft operation with minimum power loss, which is increasing their demand in the aerospace industry. In addition, super precision bearing manufacturers are increasingly focusing on implementing innovative initiatives to increase aircraft reliability. For instance, in July 2022, Barden Bearings improved the design of super precision bearings for aircraft starter generators. The improved design led to better oil flow to the bearing; it also strengthened the bearing cage structure and introduced a method to detect cage debris. Thus, such initiatives by the manufacturers to increase the efficiency of the aircraft are boosting the demand for super precision bearings in the aerospace industry. In addition, many countries across the region are engaged in boosting their aviation industry by introducing manufacturing facilities for aircraft. Aircraft production requires super precision bearings in its engines, gearbox, and starter generators. Thus, the rising number of initiatives to boost aircraft production is contributing to the demand for super precision bearings for new aircraft production. In addition, according to Aerospace Manufacturing news published in December 2022, the global aircraft order was recorded to be 299 in October 2022. Approximately 95 aircraft were delivered in October 2022, which registered a growth of 51% compared to the figure in October 2021. Thus, the rising aircraft deliveries are boosting the aerospace industry, which is driving the demand for super precision bearings in the industry.

North America Super Precision Bearing Market Overview

The North America super precision bearing market is segmented into the US, Canada, and Mexico. The market growth in this region is attributed to the increasing demand for super precision bearings in automotive applications. In automotive applications, super precision bearings help reduce vibration and noise, increase vehicle service life, and reduce maintenance. Due to the above benefits offered by super precision bearings, their demand in the automotive industry is growing in North America. Also, roller bearings are used in transmissions, clutches, differentials, and constant velocity joints, whereas ball bearings are used in steering systems, air conditioning systems, and wheel bearings. Thus, the rising use of these bearings in vehicles is fueling the demand for super precision bearings in the automotive industry.

North America Super Precision Bearing Market Revenue and Forecast to 2028 (US$ Million)

North America Super Precision Bearing Market Segmentation

The North America super precision bearing market is segmented into type, application, and country.

Based on type, the North America super precision bearing market is segmented into angular contact ball bearings, cylindrical roller bearings, and others. The angular contact ball bearings segment held the largest share of the North America super precision bearing market in 2022.

Based on application, the North America super precision bearing market is segmented into spindles, high speed rolling mills, printing machinery, precision ball screw, live centers, high speed turbochargers, vacuum pumps, automotive, boat gyrostabilizers, semiconductor industry, textile machinery, medical & dental, measuring machines, and aviation & defense. The spindles segment held the largest share of the North America super precision bearing market in 2022.

Based on country, the North America super precision bearing market is segmented into the US, Canada, and Mexico. The US dominated the share of the North America super precision bearing market in 2022.

JTEKT Corp; Nachi-Fujikoshi Corp; NSK Ltd; RBC Bearings Inc; Schaeffler AG; SKF AB; and The Timken Co are the leading companies operating in the North America super precision bearing market.
1. INTRODUCTION

1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation

2. KEY TAKEAWAYS


3. RESEARCH METHODOLOGY

3.1 Coverage
3.2 Secondary Research
3.3 Primary Research

4. NORTH AMERICA SUPER PRECISION BEARING MARKET LANDSCAPE

4.1 Market Overview
4.2 North America PEST Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinions

5. NORTH AMERICA SUPER PRECISION BEARING MARKET – KEY MARKET DYNAMICS

5.1 Market Drivers
5.1.1 Increasing Demand from Aerospace Industry
5.1.2 Rising Investment in Super Precision Bearing Production
5.2 Market Restraints
5.2.1 Growing Fluctuations in Prices of Raw Materials
5.3 Market Opportunities
5.3.1 Rising Awareness Regarding Super Precision Bearing
5.4 Future Trends
5.4.1 Growing Next-gen and EV market
5.5 Impact Analysis of Drivers and Restraints

6. SUPER PRECISION BEARING – NORTH AMERICA MARKET ANALYSIS

6.1 North America Super Precision Bearing Market Overview
6.2 North America Super Precision Bearing Market Revenue Forecast and Analysis

7. NORTH AMERICA SUPER PRECISION BEARING MARKET – BY TYPE

7.1 Overview
7.2 North America Super Precision Bearing Market, By Type (2020 and 2028)
7.3 Angular Contact Ball Bearings
7.3.1 Overview
7.3.2 Angular Contact Ball Bearings: North America Super Precision Bearing Market – Revenue and Forecast to 2028 (US$ Million)
7.4 Cylindrical Roller Bearings
7.4.1 Overview
7.4.2 Cylindrical Roller Bearings: North America Super Precision Bearing Market – Revenue and Forecast to 2028 (US$ Million)
7.5 Others
7.5.1 Overview
7.5.2 Others: North America Super Precision Bearing Market – Revenue and Forecast to 2028 (US$ Million)

8. NORTH AMERICA SUPER PRECISION BEARING MARKET ANALYSIS – BY APPLICATION

8.1 Overview
8.2 North America Super Precision Bearing Market, by Application (2021 and 2028)
8.3 Spindles
8.3.1 Overview
8.3.2 Spindles: North America Super Precision Bearing Market Revenue and Forecast to 2028 (US$ Million)
8.4 High Speed Rolling Mills
8.4.1 Overview
8.4.2 High Speed Rolling Mills: North America Super Precision Bearing Market Revenue and Forecast to 2028 (US$ Million)
8.5 Printing Machinery
8.5.1 Overview
8.5.2 Printing Machinery: North America Super Precision Bearing Market Revenue and Forecast to 2028 (US$ Million)
8.6 Precision Ball Screw
8.6.1 Overview
8.6.2 Precision Ball Screw: North America Super Precision Bearing Market Revenue and Forecast to 2028 (US$ Million)
8.7 Live Centers
8.7.1 Overview
8.7.2 Live Centers: North America Super Precision Bearing Market Revenue and Forecast to 2028 (US$ Million)
8.8 High Speed Turbochargers
8.8.1 Overview
8.8.2 High Speed Turbochargers: North America Super Precision Bearing Market Revenue and Forecast to 2028 (US$ Million)
8.9 Vacuum Pumps
8.9.1 Overview
8.9.2 Vacuum Pumps: North America Super Precision Bearing Market Revenue and Forecast to 2028 (US$ Million)
8.10 Automotive
8.10.1 Overview
8.10.2 Automotive: North America Super Precision Bearing Market Revenue and Forecast to 2028 (US$ Million)
8.11 Boat Gyrostabilizers
8.11.1 Overview
8.11.2 Boat Gyrostabilizers: North America Super Precision Bearing Market Revenue and Forecast to 2028 (US$ Million)
8.12 Semiconductor Industry
8.12.1 Overview
8.12.2 Semiconductor Industry: North America Super Precision Bearing Market Revenue and Forecast to 2028 (US$ Million)
8.13 Textile Machinery
8.13.1 Overview
8.13.2 Textile Machinery: North America Super Precision Bearing Market Revenue and Forecast to 2028 (US$ Million)
8.14 Medical and Dental
8.14.1 Overview
8.14.2 Medical and Dental: North America Super Precision Bearing Market Revenue and Forecast to 2028 (US$ Million)
8.15 Measuring Machines
8.15.1 Overview
8.15.2 Measuring Machines: North America Super Precision Bearing Market Revenue and Forecast to 2028 (US$ Million)
8.16 Aviation and Defense
8.16.1 Overview
8.16.2 Aviation and Defense: North America Super Precision Bearing Market Revenue and Forecast to 2028 (US$ Million)

9. NORTH AMERICA SUPER PRECISION BEARING MARKET – COUNTRY ANALYSIS

9.1 Overview
9.1.1 North America Super Precision Bearing Market ,by Key Country– Revenue (2021) (US$ Million)
9.1.2 America Super Precision Bearing Market, by Key Country
9.1.2.1 US: North America Super Precision Bearing Market – Revenue and Forecast to 2028 (US$ Million)
9.1.2.1.1 US: North America Super Precision Bearing Market, by Type
9.1.2.1.2 US: North America Super Precision Bearing Market, by Application
9.1.2.1.2.1 US: North America Super Precision Bearing Market, by Spindles
9.1.2.1.2.2 US: North America Super Precision Bearing Market, by Automotive
9.1.2.2 Canada: North America Super Precision Bearing Market – Revenue and Forecast to 2028 (US$ Million)
9.1.2.2.1 Canada: North America Super Precision Bearing Market, by Type
9.1.2.2.2 Canada: North America Super Precision Bearing Market, by Application
9.1.2.2.2.1 Canada: North America Super Precision Bearing Market, by Spindles
9.1.2.2.2.2 Canada: North America Super Precision Bearing Market, by Automotive
9.1.2.3 Mexico: North America Super Precision Bearing Market – Revenue and Forecast to 2028 (US$ Million)
9.1.2.3.1 Mexico: North America Super Precision Bearing Market, by Type
9.1.2.3.2 Mexico: North America Super Precision Bearing Market, by Application
9.1.2.3.2.1 Mexico: North America Super Precision Bearing Market, by Spindles
9.1.2.3.2.2 Mexico: North America Super Precision Bearing Market, by Automotive

10. INDUSTRY LANDSCAPE

10.1 Overview
10.2 Market Initiative
10.3 Product Development
10.4 Mergers & Acquisitions

11. COMPANY PROFILES

11.1 SKF AB
11.1.1 Key Facts
11.1.2 Business Description
11.1.3 Products and Services
11.1.4 Financial Overview
11.1.5 SWOT Analysis
11.1.6 Key Developments
11.2 Schaeffler AG
11.2.1 Key Facts
11.2.2 Business Description
11.2.3 Products and Services
11.2.4 Financial Overview
11.2.5 SWOT Analysis
11.2.6 Key Developments
11.3 JTEKT Corp
11.3.1 Key Facts
11.3.2 Business Description
11.3.3 Products and Services
11.3.4 Financial Overview
11.3.5 SWOT Analysis
11.3.6 Key Developments
11.4 The Timken Co
11.4.1 Key Facts
11.4.2 Business Description
11.4.3 Products and Services
11.4.4 Financial Overview
11.4.5 SWOT Analysis
11.4.6 Key Developments
11.5 NSK Ltd
11.5.1 Key Facts
11.5.2 Business Description
11.5.3 Products and Services
11.5.4 Financial Overview
11.5.5 SWOT Analysis
11.5.6 Key Developments
11.6 Nachi-Fujikoshi Corp
11.6.1 Key Facts
11.6.2 Business Description
11.6.3 Products and Services
11.6.4 Financial Overview
11.6.5 SWOT Analysis
11.6.6 Key Developments
11.7 RBC Bearings Inc
11.7.1 Key Facts
11.7.2 Business Description
11.7.3 Products and Services
11.7.4 Financial Overview
11.7.5 SWOT Analysis
11.7.6 Key Developments

12. APPENDIX

12.1 About The Insight Partners
12.2 Word Index
LIST OF TABLES

Table 1. North America Super Precision Bearing Market Revenue and Forecast to 2028 (US$ Million)
Table 2. North America Super Precision Bearing Market, by Country – Revenue and Forecast to 2028 (US$ Million)
Table 3. US: North America Super Precision Bearing Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 4. US: North America Super Precision Bearing Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 5. US: North America Super Precision Bearing Market, by Spindles – Revenue and Forecast to 2028 (US$ Million)
Table 6. US: North America Super Precision Bearing Market, by Automotive – Revenue and Forecast to 2028 (US$ Million)
Table 7. Canada: North America Super Precision Bearing Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 8. Canada: North America Super Precision Bearing Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 9. Canada: North America Super Precision Bearing Market, by Spindles – Revenue and Forecast to 2028 (US$ Million)
Table 10. Canada: North America Super Precision Bearing Market, by Automotive – Revenue and Forecast to 2028 (US$ Million)
Table 11. Mexico: North America Super Precision Bearing Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 12. Mexico: North America Super Precision Bearing Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 13. Mexico: North America Super Precision Bearing Market, by Spindles – Revenue and Forecast to 2028 (US$ Million)
Table 14. Mexico: North America Super Precision Bearing Market, by Automotive – Revenue and Forecast to 2028 (US$ Million)
Table 15. List of Abbreviation

LIST OF FIGURES

Figure 1. North America Super Precision Bearing Market Segmentation
Figure 2. North America Super Precision Bearing Market Segmentation – By Country
Figure 3. North America Super Precision Bearing Market Overview
Figure 4. North America Super Precision Bearing Market, By Type
Figure 5. North America Super Precision Bearing Market, By Country
Figure 6. North America – PEST Analysis
Figure 7. North America Super Precision Bearing Market- Ecosystem Analysis
Figure 8. North America Super Precision Bearing Market Impact Analysis of Drivers and Restraints
Figure 9. North America Super Precision Bearing Market Revenue Forecast and Analysis (US$ Million)
Figure 10. North America Super Precision Bearing Market Revenue Share, by Type (2021 & 2028)
Figure 11. Angular Contact Ball Bearings: North America Super Precision Bearing Market – Revenue and Forecast to 2028 (US$ Million)
Figure 12. Cylindrical Roller Bearings: North America Super Precision Bearing Market – Revenue and Forecast to 2028 (US$ Million)
Figure 13. Others: North America Super Precision Bearing Market – Revenue and Forecast to 2028 (US$ Million)
Figure 14. North America Super Precision Bearing Market Revenue Share, by Application (2021 & 2028)
Figure 15. Spindles: North America Super Precision Bearing Market Revenue and Forecast to 2028 (US$ Million)
Figure 16. High Speed Rolling Mills: North America Super Precision Bearing Market Revenue and Forecast to 2028 (US$ Million)
Figure 17. Printing Machinery: North America Super Precision Bearing Market Revenue and Forecast to 2028 (US$ Million)
Figure 18. Precision Ball Screw: North America Super Precision Bearing Market Revenue and Forecast to 2028 (US$ Million)
Figure 19. Live Centers: North America Super Precision Bearing Market Revenue and Forecast to 2028 (US$ Million)
Figure 20. High Speed Turbochargers: North America Super Precision Bearing Market Revenue and Forecast to 2028 (US$ Million)
Figure 21. Vacuum Pumps: North America Super Precision Bearing Market Revenue and Forecast to 2028 (US$ Million)
Figure 22. Automotive: North America Super Precision Bearing Market Revenue and Forecast to 2028 (US$ Million)
Figure 23. Boat Gyrostabilizers: North America Super Precision Bearing Market Revenue and Forecast to 2028 (US$ Million)
Figure 24. Semiconductor Industry: North America Super Precision Bearing Market Revenue and Forecast to 2028 (US$ Million)
Figure 25. Textile Machinery: North America Super Precision Bearing Market Revenue and Forecast to 2028 (US$ Million)
Figure 26. Medical and Dental: North America Super Precision Bearing Market Revenue and Forecast to 2028 (US$ Million)
Figure 27. Measuring Machines: North America Super Precision Bearing Market Revenue and Forecast to 2028 (US$ Million)
Figure 28. Aviation and Defense: North America Super Precision Bearing Market Revenue and Forecast to 2028 (US$ Million)
Figure 29. North America Super Precision Bearing Market Revenue Share, by Key Country (2021 & 2028)
Figure 30. US: North America Super Precision Bearing Market – Revenue and Forecast to 2028 (US$ Million)
Figure 31. Canada: North America Super Precision Bearing Market – Revenue and Forecast to 2028 (US$ Million)
Figure 32. Mexico: North America Super Precision Bearing Market – Revenue and Forecast to 2028 (US$ Million)


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