LAMEA Bearing Market Size, Share & Industry Trends Analysis Report By Product (Ball Bearings, Roller Bearings, Plain Bearings and Others), By Application, By Country and Growth Forecast, 2022 - 2028
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Market Report Description
The Latin America, Middle East and Africa Bearing Market would witness market growth of 11.0% CAGR during the forecast period (2022-2028).
Static and dynamic load ratings are crucial factors to consider when evaluating bearings. When strong loads are applied to non-rotating bearings, a condition called brinelling can occur, in which the balls repeatedly damage the races at the same location. The identical stresses applied to the bearing throughout the operation may be less of a worry because any indentations will not accumulate in the same locations each time.
Bearing manufacturers specify bearing rated capabilities for their bearings, which for ball bearings are designated as extra-light, light, medium, etc., where the bore or shaft dimensions must expand to meet increasing loads. The rated capacity is based on a statistical metric stating that a certain proportion of bearings will complete a specified number of rotations without failing.
Linear bearings are sized based on linear travel, total linear distance, load, accuracy requirements, etc., with many factors being equivalent to those of radial bearings. For dimensional precision and low-friction sliding, ground shafting is coupled with linear bearings. To handle expansion and contraction in fixed constructions such as bridges and buildings, slide bearings are utilized. Typically, they consist of two Teflon plates sandwiched by substantial structural components.
Iran is one of the world's largest countries by land size and has vast untapped potential in regions that have been mostly ignored due to economic sanctions. All of this is going to change as a result of the forthcoming historic Iran-US accord. Due to the uncertain social and political climate, companies may be cautious to invest in Iran in the near term, but as time passes, Iran will experience an increase in foreign investment inflows. Initially, government aid for international businesses will be essential. Several substantial investment proposals have already been presented.
The Brazil market dominated the LAMEA Bearing Market by Country in 2021; thereby, achieving a market value of $2.7 billion by 2028. The Argentina market is showcasing a CAGR of 11.6% during (2022 - 2028). Additionally, The UAE market would register a CAGR of 10.7% during (2022 - 2028).
Based on Product, the market is segmented into Ball Bearings, Roller Bearings, Plain Bearings and Others. Based on Ball Bearings Type, the market is segmented into Deep Groove Bearings and Others. Based on Roller Bearings Type, the market is segmented into Split, Tapered and Others. Based on Plain Bearings Type, the market is segmented into Journal, Linear, Thrust and Others. Based on Application, the market is segmented into Automotive, Mining & Construction, Agriculture, Electrical, Railway & Aerospace, Automotive Aftermarket and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Global Bearing Market is Predict to reach $181.1 Billion by 2028, at a CAGR of 8.8%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include AB SKF, NSK Ltd., NTN Corporation, RBC Bearings, Inc., Rexnord Corporation (Regal Rexnord Corporation), Schaeffler AG, The Timken Company, JTEKT Corporation, Harbin Bearing Manufacturing Co. Ltd. (HRB Group) and HKT Bearings Limited.
Scope of the Study
Market Segments Covered in the Report:
- Ball Bearings
- Deep Groove Bearings
- Roller Bearings
- Plain Bearings
- Mining & Construction
- Railway & Aerospace
- Automotive Aftermarket
- Saudi Arabia
- South Africa
- Rest of LAMEA
Key Market Players
List of Companies Profiled in the Report:
- AB SKF
- NSK Ltd.
- NTN Corporation
- RBC Bearings, Inc.
- Rexnord Corporation (Regal Rexnord Corporation)
- Schaeffler AG
- The Timken Company
- JTEKT Corporation
- Harbin Bearing Manufacturing Co. Ltd. (HRB Group)
- HKT Bearings Limited
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