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South 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 | 128 pages | ID: SE8F06D2B8ECEN
The Insight Partners

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The South America super precision bearing market is expected to grow from US$ 176.30 million in 2022 to US$ 231.60 million by 2028. It is estimated to grow at a CAGR of 4.7% from 2022 to 2028.

Increasing Demand from Aerospace Industry Fuels South 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. Thus, the rising aircraft deliveries are boosting the aerospace industry, which is driving the demand for super precision bearings in the industry.

South America Super Precision Bearing Market Overview

The super precision bearing market in SAM is segmented into Brazil and the Rest of SAM. In electric and hybrid vehicles, super precision bearings are used in traction motors to provide the ultra-high-speed capability. Furthermore, super precision bearings help improve fuel economy, increase vehicle range, and contribute to better user comfort, which is raising their demand in electric vehicles. The automotive industry in SAM is currently going through a transitional shift toward electric vehicle mobility. The government plays a substantial role in developing the automotive industry. The increase in commercial and passenger vehicle sales in Brazil over the past decade is primarily driven by national economic growth, favourable consumer credit policies, and fiscal incentives offered by the government. The growing EV production capabilities from leading players are raising the demand for super precision bearings, which will further help in the smooth operation of the vehicle. In July 2022, Daimler Truck Holding AG, a German automotive manufacturer, announced its plans to start the manufacturing of its first Mercedes-Benz electric bus in Brazil between November and December 2022. The company projected that the demand for electric buses in Brazil will reach 1,000 buses by 2023 and 3,000 buses by 2024. Such an increase in EV production is leveraging the demand for super precision bearings, driving the market in SAM.

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

South America Super Precision Bearing Market Segmentation

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

Based on type, the South 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 South America super precision bearing market in 2022.

Based on application, the South 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 South America super precision bearing market in 2022.

Based on country, the South America super precision bearing market is segmented into Brazil and the Rest of South America. Brazil dominated the share of the South America super precision bearing market in 2022.

JTEKT Corp; NSK Ltd; Schaeffler AG; SKF AB; and The Timken Co are the leading companies operating in the South 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. SOUTH AMERICA SUPER PRECISION BEARING MARKET LANDSCAPE

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

5. SOUTH 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 – SOUTH AMERICA MARKET ANALYSIS

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

7. SOUTH AMERICA SUPER PRECISION BEARING MARKET – BY TYPE

7.1 Overview
7.2 South 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: South 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: South America Super Precision Bearing Market – Revenue and Forecast to 2028 (US$ Million)
7.5 Others
7.5.1 Overview
7.5.2 Others: South America Super Precision Bearing Market – Revenue and Forecast to 2028 (US$ Million)

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

8.1 Overview
8.2 South America Super Precision Bearing Market, by Application (2021 and 2028)
8.3 Spindles
8.3.1 Overview
8.3.2 Spindles: South America Super Precision Bearing Market Revenue and Forecast to 2028 (US$ Million)
8.3.2.1 South America Super Precision Bearing Market, by Spindles
8.4 High Speed Rolling Mills
8.4.1 Overview
8.4.2 High Speed Rolling Mills: South 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: South 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: South 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: South 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: South 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: South America Super Precision Bearing Market Revenue and Forecast to 2028 (US$ Million)
8.10 Automotive
8.10.1 Overview
8.10.2 Automotive: South America Super Precision Bearing Market Revenue and Forecast to 2028 (US$ Million)
8.10.2.1 South America Super Precision Bearing Market, by Automotive
8.11 Boat Gyrostabilizers
8.11.1 Overview
8.11.2 Boat Gyrostabilizers: South 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: South 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: South 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: South 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: South 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: South America Super Precision Bearing Market Revenue and Forecast to 2028 (US$ Million)

9. SOUTH AMERICA SUPER PRECISION BEARING MARKET – COUNTRY ANALYSIS

9.1 Overview
9.1.1 South America Super Precision Bearing Market, by Key Country
9.1.1.1 Brazil: South America Super Precision Bearing Market – Revenue and Forecast to 2028 (US$ Million)
9.1.1.1.1 Brazil: South America Super Precision Bearing Market, by Type
9.1.1.1.2 Brazil: South America Super Precision Bearing Market, by Application
9.1.1.1.2.1 Brazil: South America Super Precision Bearing Market, by Spindles
9.1.1.1.2.2 Brazil: South America Super Precision Bearing Market, by Automotive
9.1.1.2 Rest of South America: South America Super Precision Bearing Market – Revenue and Forecast to 2028 (US$ Million)
9.1.1.2.1 Rest of South America: South America Super Precision Bearing Market, by Type
9.1.1.2.2 Rest of South America: South America Super Precision Bearing Market, by Application
9.1.1.2.2.1 Rest of South America: South America Super Precision Bearing Market, by Spindles
9.1.1.2.2.2 Rest of South America: South 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

12. APPENDIX

12.1 About The Insight Partners
12.2 Word Index
LIST OF TABLES

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

LIST OF FIGURES

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


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