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Global Duplex Bearings Market size was valued at US$ 5.2Bn. in 2020 and expected to reach US$ 8.35Bn. by 2027 at a CAGR of 7% during the forecast period.
Global Duplex Bearings Overview:
The Global Duplex Bearings study gives a comprehensive view of the competition, including the market share and company profiles of the major global competitors. The scope of the research includes a full examination of the Fan Coil Unit (FCU) Valve Market, as well as the reasons for variations in the industry’s growth between regions.
Market Scope:
Following the completion of market engineering, which included market statistics computations, market size estimations, market forecasts, market breakdown, and data triangulation, extensive primary research was done to gather information and verify and validate important numbers. To undertake market estimating and forecasting for the overall market segments and sub-segments described in this research, top-down and bottom-up tactics, as well as different data triangulation procedures, were often employed throughout the market engineering process. Extensive qualitative and quantitative analysis is performed on all data obtained during the market engineering process in order to provide essential information throughout the report.
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Increasing demand for better shaft location for assembly of bearing parts and trend of compact devices across the globe are the key demand drivers for the market. In addition, increasing demand for radial clearance in aircraft manufacturing, construction load maneuvering and robotics equipment is the key factor considered to drive the growth of the market. According to an article of Engineering 360 magazine, the construction equipment sector accounted for approximately 2.6 billion USD for duplex bearings applications in the year 2019.
According to American Bearing Manufacturers Association, Tandem bearing mountings accounted for approximately 2.9 billion USD in the year 2019 owing to the high load carrying capacity of tandem arrangement and higher axial stiffness than face to face and back to back arrangement of bearings. Tandem bearings are used in the special cases where larger accommodations of bearings are not possible and constraint to the diameter is stopping the bearing size and allocation parameters. In addition, tandem bearings are used in the construction sector and aircraft manufacturing by approximately 29% and 17% market share respectively.
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Key Players:
Market leaders are identified by primary and secondary research, and market revenue is calculated using primary and secondary research. The core study included in-depth interviews with key thought leaders and industry experts such as experienced front-line personnel, CEOs, and marketing executives. In-depth interviews with important thought leaders and industry experts, such as experienced front-line personnel, CEOs, and marketing executives, were conducted as part of primary research, while secondary research included a review of the major manufacturers’ annual and financial reports. Secondary data is utilized to calculate percentage splits, market shares, growth rates, and global market breakdowns, which are then verified against primary data.
. The biggest players in the Global Duplex Bearings are as follows:
• NSK
• RBC Bearings
• NTN Corporation
• PIB Bearings, Inc.
• IEC
• NHBB
• GRW
• Aisin Seiki Corporation
• JTEKT Corporation
• Schaeffler AG
• Timken
• THK
• MRC Bearings
Analysis:
Individual market influencing components and changes in market laws impacting current and future market trends are also covered in the Fan Coil Unit (FCU) Valve market analysis regional overview. Current and future trends are studied in order to evaluate the overall market potential and find profitable patterns in order to get a firmer footing. The geographical market evaluation is based on the current environment and anticipated trends.
COVID-19 Impact Analysis on Global Duplex Bearings :
Due to a break in operations, end-user sectors where Fan Coil Unit (FCU) Valve are used suffered a drop in growth from January 2020 to May 2020 in a number of countries, including China, Italy, Germany, the United Kingdom, the United States, and Spain, France, and India. As a result, the revenues of enterprises in these industries fell significantly, as did the demand for Fan Coil Unit (FCU) Valve manufacturers, impacting the growth of the Fan Coil Unit (FCU) Valve market in 2020. Lockdowns and a surge in COVID-19 events globally have severely reduced end-user business demand for Fan Coil Unit (FCU) Valve .
Key Questions Answered in the Global Automatic Turnstile Market Report are:
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