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Middle East & Africa Vacuum Bearings Market Forecast to 2028 - COVID-19 Impact and Regional Analysis - by Product Type (Cylindrical Roller Bearings, Tapered Roller Bearings, Spherical Roller Bearings, Thrust Roller Bearings, and Needle Roller Bearings), Application (Automotive, Manufacturing & Construction, Energy & Power, Mining, Aerospace & Defense, and Others), and Material (Silicon, Stainless Steel, Hybrid, and Others)
Market Report I 2022-09-15 I 133 Pages I The Insight Partners
The MEA vacuum bearings market is expected to grow from US$ 332.82 million in 2022 to US$ 491.12 million by 2028; it is estimated to grow at a CAGR of 6.6% from 2022 to 2028.
Raw material accounts for ~60% of a vacuum bearing manufacturer's revenue. As high-grade steel is the major raw material used for manufacturing vacuum bearings, the costs of bearings are greatly correlated with the global steel price movement. The variation in raw material price challenges the vacuum bearing manufacturers to deliver reasonably priced and high-quality bearings. Further, the raw material price of the automotive vacuum bearing fluctuates as per the market economic condition. Such price volatility of raw materials is becoming an actual challenge for enterprises to remain competitive. Therefore, fluctuation of raw material price creates challenges for the vacuum bearing manufacturers to manufacture a bearing for a vehicle in terms of quality and price. Additionally, fluctuating supply and demand scenario is hindering the growth of the vacuum bearing industry. The difference in trade strategies, variations in foreign exchange rates, discrepancies in supply and demand, and intensified geopolitical risks across various countries potentially impact the pricing of steel and aluminum bearing materials. Besides, the vacuum bearing components comprise seals and cages that require lubrication at frequent intervals to ensure smooth functioning, thus requiring additional expenses.
With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the MEA vacuum bearings market . The MEA vacuum bearings market is expected to grow at a good CAGR during the forecast period.
MEA Vacuum Bearings Market Revenue and Forecast to 2028 (US$ Million)
MEA Vacuum Bearings Market Segmentation
The MEA vacuum bearings market is segmented based on product type, application, material, and country. Based on product type, the MEA vacuum bearings market is divided into cylindrical roller bearings, tapered roller bearings, spherical roller bearings, thrust roller bearings, and needle roller bearings. The cylindrical roller bearings segment would dominate the market in 2022. In terms of application, the MEA vacuum bearings market is categorized into automotive, manufacturing & construction, energy & power, mining, aerospace & defense, and others. The energy & power segment would dominate the MEA vacuum bearings market in 2022. Based on material, the MEA vacuum bearings market is categorized into silicon, stainless steel, hybrid, and others. The stainless-steel segment would dominate the MEA vacuum bearings market in 2022. Based on country, the MEA vacuum bearings market is segmented into Saudi Arabia, South Africa, UAE, and the Rest of MEA. South Africa would dominate the MEA vacuum bearings market in 2022.
Key players operating in the MEA vacuum bearings market include HepcoMotion; NSK Ltd; Schaeffler Technologies AG & Co. KG; THE TIMKEN COMPANY; GMN Paul Muller Industrie GmbH & Co. KG; UNASIS; and SKF by Altair.
TABLE OF CONTENTS
1. Introduction
1.1 Scope of the Study
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 MEA Vacuum Bearing Market - By Type
1.3.2 MEA Vacuum Bearing Market - By Application
1.3.3 MEA Vacuum Bearing Market - By Material
1.3.4 MEA Vacuum Bearing Market - By Country
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. MEA Vacuum Bearing Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.2.1 MEA
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. MEA Vacuum Bearing Market - Key Market Dynamics
5.1 Market Drivers
5.1.1 Soaring Growth of MEA Space Sector
5.1.2 Benefits of Vacuum Bearings
5.2 Market Restraints
5.2.1 Contradictory Raw Material Prices and High Maintenance Cost
5.3 Market Opportunities
5.3.1 Developing Applications of Bearing
5.4 Future Trends
5.4.1 Upsurge in Technological Advancement
5.5 Impact Analysis of Drivers and Restraints
6. Vacuum Bearing Market - MEA Market Analysis
6.1 Vacuum Bearing Market MEA Overview
6.2 MEA Vacuum Bearing Market Forecast and Analysis
7. MEA Vacuum Bearing Market - By Type
7.1 Overview
7.2 MEA Vacuum Bearing Market, By Type (2021 and 2028)
7.3 Cylindrical Roller Bearings
7.3.1 Overview
7.3.2 Cylindrical Roller Bearings: Vacuum Bearing Market Revenue and Forecast To 2028 (US$ Million)
7.4 Tapered Roller Bearings
7.4.1 Overview
7.4.2 Tapered Roller Bearings: Vacuum Bearing Market Revenue and Forecast To 2028 (US$ Million)
7.5 Spherical Roller Bearings
7.5.1 Overview
7.5.2 Spherical Roller Bearings: Vacuum Bearing Market Revenue and Forecast To 2028 (US$ Million)
7.6 Thrust Roller Bearings
7.6.1 Overview
7.6.2 Thrust Roller Bearings: Vacuum Bearing Market Revenue and Forecast To 2028 (US$ Million)
7.7 Needle Roller Bearings
7.7.1 Overview
7.7.2 Needle Roller Bearings: Vacuum Bearing Market Revenue and Forecast To 2028 (US$ Million)
8. MEA Vacuum Bearing Market - By Application
8.1 Overview
8.2 MEA Vacuum Bearing Market, By Application (2021 and 2028)
8.3 Automotive
8.3.1 Overview
8.3.2 Automotive: Vacuum Bearing Market Revenue and Forecast To 2028 (US$ Million)
8.4 Manufacturing & Construction
8.4.1 Overview
8.4.2 Manufacturing & Construction: Vacuum Bearing Market Revenue and Forecast To 2028 (US$ Million)
8.5 Energy & Power
8.5.1 Overview
8.5.2 Energy & Power: Vacuum Bearing Market Revenue and Forecast To 2028 (US$ Million)
8.6 Mining
8.6.1 Overview
8.6.2 Mining: Vacuum Bearing Market Revenue and Forecast To 2028 (US$ Million)
8.7 Aerospace & Defense
8.7.1 Overview
8.7.2 Aerospace & Defense: Vacuum Bearing Market Revenue and Forecast To 2028 (US$ Million)
8.8 Others
8.8.1 Overview
8.8.2 Others: Vacuum Bearing Market Revenue and Forecast To 2028 (US$ Million)
9. MEA Vacuum Bearing Market - By Material
9.1 Overview
9.2 MEA Vacuum Bearing Market, By Material (2021 and 2028)
9.3 Silicon
9.3.1 Overview
9.3.2 Silicon: Vacuum Bearing Market Revenue and Forecast To 2028 (US$ Million)
9.4 Stainless Steel
9.4.1 Overview
9.4.2 Stainless Steel: Vacuum Bearing Market Revenue and Forecast To 2028 (US$ Million)
9.5 Hybrid
9.5.1 Overview
9.5.2 Hybrid: Vacuum Bearing Market Revenue and Forecast To 2028 (US$ Million)
9.6 Others
9.6.1 Overview
9.6.2 Others: Vacuum Bearing Market Revenue and Forecast To 2028 (US$ Million)
10. MEA Vacuum Bearing Market - By Country Analysis
10.1 MEA: Vacuum Bearing Market
10.1.1 Overview
10.1.2 MEA Vacuum Bearing Market Breakdown, By Country
10.1.2.1 Saudi Arabia Vacuum Bearing Market, Revenue and Forecast to 2028 (US$ million)
10.1.2.1.1 Saudi Arabia Vacuum Bearing Market Breakdown, By Type
10.1.2.1.2 Saudi Arabia Vacuum Bearing Market Breakdown, By Application
10.1.2.1.3 Saudi Arabia Vacuum Bearing Market Breakdown, By Material
10.1.2.2 UAE Vacuum Bearing Market, Revenue and Forecast to 2028 (US$ million)
10.1.2.2.1 UAE Vacuum Bearing Market Breakdown, By Type
10.1.2.2.2 UAE Vacuum Bearing Market Breakdown, By Application
10.1.2.2.3 UAE Vacuum Bearing Market Breakdown, By Material
10.1.2.3 South Africa Vacuum Bearing Market, Revenue and Forecast to 2028 (US$ million)
10.1.2.3.1 South Africa Vacuum Bearing Market Breakdown, By Type
10.1.2.3.2 South Africa Vacuum Bearing Market Breakdown, By Application
10.1.2.3.3 South Africa Vacuum Bearing Market Breakdown, By Material
10.1.2.4 Rest of MEA Vacuum Bearing Market, Revenue and Forecast to 2028 (US$ million)
10.1.2.4.1 Rest of MEA Vacuum Bearing Market Breakdown, By Type
10.1.2.4.2 Rest of MEA Vacuum Bearing Market Breakdown, By Application
10.1.2.4.3 Rest of MEA Vacuum Bearing Market Breakdown, By Material
11. Industry Landscape
11.1 Overview
11.2 Market Initiative
11.3 Merger and Acquisition
11.4 New Development
12. Company Profiles
12.1 HepcoMotion
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 NSK Ltd.
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 Schaeffler Technologies AG & Co. KG
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 THE TIMKEN COMPANY
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 GMN Paul Muller Industrie GmbH & Co. KG
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 UNASIS
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 SKF
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
13. Appendix
13.1 About The Insight Partners
13.2 Glossary
LIST OF TABLES
Table 1. MEA Vacuum Bearing Market, Revenue and Forecast, 2019-2028 (US$ Million)
Table 2. MEA Vacuum Bearing Market, Revenue and Forecast to 2028 - By Country (US$ million)
Table 3. Saudi Arabia Vacuum Bearing Market, Revenue and Forecast to 2028 - By Type (US$ million)
Table 4. Saudi Arabia Vacuum Bearing Market, Revenue and Forecast to 2028 - By Application (US$ million)
Table 5. Saudi Arabia Vacuum Bearing Market, Revenue and Forecast to 2028 - By Material (US$ million)
Table 6. UAE Vacuum Bearing Market, Revenue and Forecast to 2028 - By Type (US$ million)
Table 7. UAE Vacuum Bearing Market, Revenue and Forecast to 2028 - By Application (US$ million)
Table 8. UAE Vacuum Bearing Market, Revenue and Forecast to 2028 - By Material (US$ million)
Table 9. South Africa Vacuum Bearing Market, Revenue and Forecast to 2028 - By Type (US$ million)
Table 10. South Africa Vacuum Bearing Market, Revenue and Forecast to 2028 - By Application (US$ million)
Table 11. South Africa Vacuum Bearing Market, Revenue and Forecast to 2028 - By Material (US$ million)
Table 12. Rest of MEA Vacuum Bearing Market, Revenue and Forecast to 2028 - By Type (US$ million)
Table 13. Rest of MEA Vacuum Bearing Market, Revenue and Forecast to 2028 - By Application (US$ million)
Table 14. Rest of MEA Vacuum Bearing Market, Revenue and Forecast to 2028 - By Material (US$ million)
Table 15. Glossary of Terms, Vacuum Bearing Market
LIST OF FIGURES
Figure 1. MEA Vacuum Bearing Market Segmentation
Figure 2. MEA Vacuum Bearing Market Segmentation - by Country
Figure 3. MEA Vacuum Bearing Market Overview
Figure 4. MEA Vacuum Bearing Market, By Type
Figure 5. MEA Vacuum Bearing Market, By Application
Figure 6. MEA Vacuum Bearing Market, By Material
Figure 7. MEA Vacuum Bearing Market, By Country
Figure 8. MEA: PEST Analysis
Figure 9. MEA Vacuum Bearing Market Ecosystem Analysis
Figure 10. MEA Expert Opinion
Figure 11. MEA Vacuum Bearing Market: Impact Analysis of Drivers and Restraints
Figure 12. MEA Vacuum Bearing Market, Forecast and Analysis (US$ Million)
Figure 13. MEA Vacuum Bearing Market, by Type (2021 and 2028)
Figure 14. MEA Cylindrical Roller Bearings: Vacuum Bearing Market Revenue and Forecast to 2028 (US$ Million)
Figure 15. MEA Tapered Roller Bearings: Vacuum Bearing Market Revenue and Forecast to 2028 (US$ Million)
Figure 16. MEA Spherical Roller Bearings: Vacuum Bearing Market Revenue and Forecast to 2028 (US$ Million)
Figure 17. MEA Thrust Roller Bearings: Vacuum Bearing Market Revenue and Forecast to 2028 (US$ Million)
Figure 18. MEA Needle Roller Bearings: Vacuum Bearing Market Revenue and Forecast to 2028 (US$ Million)
Figure 19. MEA Vacuum Bearing Market, by Application (2021 and 2028)
Figure 20. MEA Automotive: Vacuum Bearing Market Revenue and Forecast to 2028 (US$ Million)
Figure 21. MEA Manufacturing & Construction: Vacuum Bearing Market Revenue and Forecast to 2028 (US$ Million)
Figure 22. MEA Energy & Power: Vacuum Bearing Market Revenue and Forecast to 2028 (US$ Million)
Figure 23. MEA Mining: Vacuum Bearing Market Revenue and Forecast to 2028 (US$ Million)
Figure 24. MEA Aerospace & Defense: Vacuum Bearing Market Revenue and Forecast to 2028 (US$ Million)
Figure 25. MEA Others: Vacuum Bearing Market Revenue and Forecast to 2028 (US$ Million)
Figure 26. MEA Vacuum Bearing Market, by Material (2021 and 2028)
Figure 27. MEA Silicon: Vacuum Bearing Market Revenue and Forecast to 2028 (US$ Million)
Figure 28. MEA Stainless Steel: Vacuum Bearing Market Revenue and Forecast to 2028 (US$ Million)
Figure 29. MEA Hybrid: Vacuum Bearing Market Revenue and Forecast to 2028 (US$ Million)
Figure 30. MEA Others: Vacuum Bearing Market Revenue and Forecast to 2028 (US$ Million)
Figure 31. MEA Vacuum Bearing Market, By Country - Revenue (2021) (US$ Million)
Figure 32. MEA Vacuum Bearing Market Breakdown, By Country, 2021 & 2028 (%)
Figure 33. Saudi Arabia Vacuum Bearing Market, Revenue and Forecast To 2028 (US$ million)
Figure 34. UAE Vacuum Bearing Market, Revenue and Forecast To 2028 (US$ million)
Figure 35. South Africa Vacuum Bearing Market, Revenue and Forecast To 2028 (US$ million)
Figure 36. Rest of MEA Vacuum Bearing Market, Revenue and Forecast To 2028 (US$ million)
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