New York, Global Vacuum Bearing Market was valued at US$ 9.9 billion in 2021 and it is anticipated to grow up to US$ 19.3 billion by 2031, at a CAGR of 6.7% during the forecast period.
Vacuum bearings are used in extreme conditions such as corrosive, clean, and high-temperature settings. To avoid difficulties, bearing materials and lubricants must be carefully selected. Vacuum bearings are used in a variety of industries, including automobiles, construction, mining gear, wind turbines, aerospace equipment, and machine tools. They are used in automobiles to ensure the smooth operation of cars and electric vehicles, as well as other types of vehicles such as light commercial vehicles and heavy commercial vehicles, such as trucks, lorry, lift trucks, tractors and others.
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Market Drivers and Trends
The increasing use of bearings is providing new opportunities for vacuum bearing manufacturers. The railway industry places a greater emphasis on lowering costs and extending the life of tracks. Bearings are used in railway gearboxes to absorb the shocks and vibrations induced by the traction motor and wheels driving on rails. As a result, harsh operating conditions increase engine downtime and the need for repair. Technological advancements in bearings have increased their demand in the railway industry. For instance, tapered roller bearings support pinion shafts, which require frequent adjustments and skilled maintenance to reduce maintenance costs. Such a factors will boost the market growth during the forecast period.
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Global Vacuum Bearing Market Segmentation
By Type
- Cylindrical Roller bearings
- Tapered Roller Bearings
- Spherical Roller Bearings
- Thrust Roller Bearings
- Needle Roller Bearings
By Material
- Silicon
- Stainless Steel
- Hybrid
- Others
By Application
- Automotive
- Manufacturing & Construction
- Energy & Power
- Mining
- Aerospace & Defense
Major Players in the Global Vacuum Bearing Market
The key players studied in the global vacuum bearing market are HepcoMotion (UK), NSK Ltd. (Japan), The Timken Company (US), Bunting Bearings, LLC (US), TPA Motion, LLC (US), GMN Paul Müller Industrie GmbH & Co. KG (Germany), Unasis (England), SKF (Sweden), Schaeffler Technologies AG & Co. KG (Germany), and JTEKT Europe Bearings B.V. (Netherlands).
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