- Displacement
- Speed
- Temperature
- Vibration
- Others
The growing demand for sensor bearings from numerous end-use industries such as metal & mining, transportation, oil & gas, automotive, and aerospace & defense is expected to drive the growth of the market. Sensor bearings are used in wheel hub units in vehicles. In railway locomotives and wagons, sensor bearings are used to observe speed, temperature, vibration, etc. Most automotive hub units use speed sensors to send wheel speed data to anti-lock brake systems (ABS) and traction control units of vehicles. Hence, rising demand from end-user industries increases market growth. Some of the key factors responsible for the market growth include rising demand from end-user industries, growing adoption of IoT in bearing technology, high growth in emerging economies, and technological advancements. Asia Pacific Sensor Bearing market is surging owing to frequent acquisitions and launchings by the market players.
Asia Pacific Sensor Bearing Market Key Developments:
- In January 2018, SKF made an agreement with Koncar KEV for the supply of axle boxes, bearings and associated equipment for its modern low-floor electric and diesel-electric multiple unit trains.
Asia Pacific Sensor Bearing Market Dynamics
The volatility of raw material prices affects the demand for sensor bearing which act as a key restraint to the growth of the bearing isolators market. Rising raw material prices acts as an adoption barrier. In addition, as cost plays an important role in the market presence of cheap quality products available for low cost may hamper the market growth.
Asia Pacific Sensor Bearing Market Analysis
Asia Pacific Sensor Bearing Market
Asia Pacific Sensor Bearing market report gives comprehensive outlook on Sensor Bearing across the region with special emphasis on key countries such as Japan, China, India, Australia & New Zealand, ASEAN, South Korea and Rest of Asia-Pacific. China & India accounted for larger revenue share in Asia Pacific Sensor Bearing market with considerable CAGR. Countries such as China and India are among the top automotive vehicle manufacturers around the globe. Stringent laws related to the obligatory installation of ABS as the standard fitment in automotive vehicles in countries, such China and India is likely to foster the growth of the Asia Pacific market.
Latin America
Europe
Asia Pacific
Middle East
North America
Key Features of the Reports
- The report provides granular level information about the market size, regional market share, historic market (2018 to 2022) and forecast (2023 to 2029)
- The report covers in-detail insights about the competitors overview, company share analysis, key market developments, and their key strategies
- The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
- The report tracks recent innovations, key developments and startup's details that are actively working in the market
- The report provides plethora of information about market entry strategies, regulatory framework and reimbursement scenario
- The report analyses the impact of socio-political environment through PESTLE Analysis and competition through Porter's Five Force Analysis in addition to recent technology advancements and innovations in the market
Asia Pacific Sensor Bearing Market Segmentation
By Functionality
By Application
- Anti-lock Brake Systems (ABS)
- Electric Motors
- Material Handling Equipment
- Others
By End User
- Aerospace & Defense
- Automotive
- Metal & Mining
- Oil & Gas
- Transportation
- Others
By Country
- Japan
- China
- India
- Australia & New Zealand
- ASEAN (Includes Indonesia, Thailand, Vietnam, Philippines, Malaysia, and Others)
- South Korea
- Rest of Asia-Pacific
Frequently Asked Questions
2023 is the base year and 2029 is the forecast year.
The report covers the asia pacific sensor bearing market data: China, India, Japan, Australia & New Zealand
The asia pacific sensor bearing market key players are Timken (US), NSK Corporation (Japan), Schaeffler Technologies AG & Co. KG (Germany), NTN Corporation (Japan), Nachi Europe GmbH (Germany), Mageba SA (Switzerland), JTEKT Corporation (Japan), Fersa Bearing SA (Spain), BRTEC (China), ABB Group (Switzerland), SKF (Sweden)
| 1.Executive Summary |
| 2. Asia Pacific Sensor Bearing Market Introduction |
| 2.1. Asia Pacific Sensor Bearing Market - Taxonomy |
| 2.2. Asia Pacific Sensor Bearing Market - Definitions |
| 2.2.1.Functionality |
| 2.2.2.Application |
| 2.2.3.End User |
| 2.2.4.Region |
| 3. Asia Pacific Sensor Bearing Market Dynamics |
| 3.1. Drivers |
| 3.2. Restraints |
| 3.3. Opportunities/Unmet Needs of the Market |
| 3.4. Trends |
| 3.5. Product Landscape |
| 3.6. New Product Launches |
| 3.7. Impact of COVID 19 on Market |
| 4. Asia Pacific Sensor Bearing Market Analysis, 2018-2022 and Forecast 2023-2029 |
| 4.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
| 4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) |
| 4.3. Market Opportunity Analysis |
| 5. Asia Pacific Sensor Bearing Market By Functionality, 2018-2022 and Forecast 2023-2029 (Sales Value USD Million) |
| 5.1. Displacement |
| 5.1.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
| 5.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.1.3. Market Opportunity Analysis |
| 5.2. Speed |
| 5.2.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
| 5.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.2.3. Market Opportunity Analysis |
| 5.3. Temperature |
| 5.3.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
| 5.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.3.3. Market Opportunity Analysis |
| 5.4. Vibration |
| 5.4.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
| 5.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.4.3. Market Opportunity Analysis |
| 5.5. Others |
| 5.5.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
| 5.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.5.3. Market Opportunity Analysis |
| 6. Asia Pacific Sensor Bearing Market By Application, 2018-2022 and Forecast 2023-2029 (Sales Value USD Million) |
| 6.1. Anti-lock Brake Systems (ABS) |
| 6.1.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
| 6.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.1.3. Market Opportunity Analysis |
| 6.2. Electric Motors |
| 6.2.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
| 6.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.2.3. Market Opportunity Analysis |
| 6.3. Material Handling Equipment |
| 6.3.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
| 6.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.3.3. Market Opportunity Analysis |
| 6.4. Others |
| 6.4.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
| 6.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.4.3. Market Opportunity Analysis |
| 7. Asia Pacific Sensor Bearing Market By End User, 2018-2022 and Forecast 2023-2029 (Sales Value USD Million) |
| 7.1. Aerospace & Defense |
| 7.1.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
| 7.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.1.3. Market Opportunity Analysis |
| 7.2. Automotive |
| 7.2.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
| 7.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.2.3. Market Opportunity Analysis |
| 7.3. Metal & Mining |
| 7.3.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
| 7.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.3.3. Market Opportunity Analysis |
| 7.4. Oil & Gas |
| 7.4.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
| 7.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.4.3. Market Opportunity Analysis |
| 7.5. Transportation |
| 7.5.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
| 7.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.5.3. Market Opportunity Analysis |
| 7.6. Others |
| 7.6.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
| 7.6.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.6.3. Market Opportunity Analysis |
| 8. Asia Pacific Sensor Bearing Market By Region, 2018-2022 and Forecast 2023-2029 (Sales Value USD Million) |
| 8.1. China |
| 8.1.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
| 8.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.1.3. Market Opportunity Analysis |
| 8.2. India |
| 8.2.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
| 8.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.2.3. Market Opportunity Analysis |
| 8.3. Australia and New Zealand (ANZ) |
| 8.3.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
| 8.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.3.3. Market Opportunity Analysis |
| 8.4. Japan |
| 8.4.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
| 8.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.4.3. Market Opportunity Analysis |
| 8.5. Rest of APAC |
| 8.5.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
| 8.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.5.3. Market Opportunity Analysis |
| 9.China Sensor Bearing Market ,2018-2022 and Forecast 2023-2029 (Sales Value USD Million) |
| 9.1. Functionality Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.1.1.Displacement |
| 9.1.2.Speed |
| 9.1.3.Temperature |
| 9.1.4.Vibration |
| 9.1.5.Others |
| 9.2. Application Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.2.1.Anti-lock Brake Systems (ABS) |
| 9.2.2.Electric Motors |
| 9.2.3.Material Handling Equipment |
| 9.2.4.Others |
| 9.3. End User Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.3.1.Aerospace & Defense |
| 9.3.2.Automotive |
| 9.3.3.Metal & Mining |
| 9.3.4.Oil & Gas |
| 9.3.5.Transportation |
| 9.3.6.Others |
| 9.4. Country Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.India Sensor Bearing Market ,2018-2022 and Forecast 2023-2029 (Sales Value USD Million) |
| 10.1. Functionality Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.1.1.Displacement |
| 10.1.2.Speed |
| 10.1.3.Temperature |
| 10.1.4.Vibration |
| 10.1.5.Others |
| 10.2. Application Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.2.1.Anti-lock Brake Systems (ABS) |
| 10.2.2.Electric Motors |
| 10.2.3.Material Handling Equipment |
| 10.2.4.Others |
| 10.3. End User Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.3.1.Aerospace & Defense |
| 10.3.2.Automotive |
| 10.3.3.Metal & Mining |
| 10.3.4.Oil & Gas |
| 10.3.5.Transportation |
| 10.3.6.Others |
| 10.4. Country Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.Australia and New Zealand (ANZ) Sensor Bearing Market ,2018-2022 and Forecast 2023-2029 (Sales Value USD Million) |
| 11.1. Functionality Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.1.1.Displacement |
| 11.1.2.Speed |
| 11.1.3.Temperature |
| 11.1.4.Vibration |
| 11.1.5.Others |
| 11.2. Application Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.2.1.Anti-lock Brake Systems (ABS) |
| 11.2.2.Electric Motors |
| 11.2.3.Material Handling Equipment |
| 11.2.4.Others |
| 11.3. End User Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.3.1.Aerospace & Defense |
| 11.3.2.Automotive |
| 11.3.3.Metal & Mining |
| 11.3.4.Oil & Gas |
| 11.3.5.Transportation |
| 11.3.6.Others |
| 11.4. Country Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.Japan Sensor Bearing Market ,2018-2022 and Forecast 2023-2029 (Sales Value USD Million) |
| 12.1. Functionality Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.1.1.Displacement |
| 12.1.2.Speed |
| 12.1.3.Temperature |
| 12.1.4.Vibration |
| 12.1.5.Others |
| 12.2. Application Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.2.1.Anti-lock Brake Systems (ABS) |
| 12.2.2.Electric Motors |
| 12.2.3.Material Handling Equipment |
| 12.2.4.Others |
| 12.3. End User Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.3.1.Aerospace & Defense |
| 12.3.2.Automotive |
| 12.3.3.Metal & Mining |
| 12.3.4.Oil & Gas |
| 12.3.5.Transportation |
| 12.3.6.Others |
| 12.4. Country Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.Rest of APAC Sensor Bearing Market ,2018-2022 and Forecast 2023-2029 (Sales Value USD Million) |
| 13.1. Functionality Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.1.1.Displacement |
| 13.1.2.Speed |
| 13.1.3.Temperature |
| 13.1.4.Vibration |
| 13.1.5.Others |
| 13.2. Application Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.2.1.Anti-lock Brake Systems (ABS) |
| 13.2.2.Electric Motors |
| 13.2.3.Material Handling Equipment |
| 13.2.4.Others |
| 13.3. End User Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.3.1.Aerospace & Defense |
| 13.3.2.Automotive |
| 13.3.3.Metal & Mining |
| 13.3.4.Oil & Gas |
| 13.3.5.Transportation |
| 13.3.6.Others |
| 13.4. Country Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 14. Competition Landscape |
| 14.1. Market Player Profiles (Introduction, Brand/Product Sales, Financial Analysis, Product Offerings, Key Developments, Collaborations, M & A, Strategies, and SWOT Analysis) |
| 14.2.1.Timken (US) |
| 14.2.2.NSK Corporation (Japan) |
| 14.2.3.Schaeffler Technologies AG & Co. KG (Germany) |
| 14.2.4.NTN Corporation (Japan) |
| 14.2.5.Nachi Europe GmbH (Germany) |
| 14.2.6.Mageba SA (Switzerland) |
| 14.2.7.JTEKT Corporation (Japan) |
| 14.2.8.Fersa Bearing SA (Spain) |
| 14.2.9.BRTEC (China) |
| 14.2.10.ABB Group (Switzerland) |
| 14.2.11.SKF (Sweden) |
| 15. Research Methodology |
| 16. Appendix and Abbreviations |
- Timken (US)
- NSK Corporation (Japan)
- Schaeffler Technologies AG & Co. KG (Germany)
- NTN Corporation (Japan)
- Nachi Europe GmbH (Germany)
- Mageba SA (Switzerland)
- JTEKT Corporation (Japan)
- Fersa Bearing SA (Spain)
- BRTEC (China)
- ABB Group (Switzerland)
- SKF (Sweden)