May 10, 2022 08:39 ET | Source: Stratview Research Stratview Research
Raipur, May 10, 2022 (GLOBE NEWSWIRE) -- Stratview Research, a global market research firm has launched a report on the robotics bearings market, which provides an in-depth analysis of the market dynamics, current and emerging trends, industry forecast, and competitive landscape.
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Robotics and automation are becoming common in a variety of industries, particularly manufacturing, as companies are realizing the full potential of their abilities to save costs, increase production, and improve efficiency and competitiveness.
Bearings in automation have seen exponential advances in endurance, speed, and precision as technology has developed, with more sensitive applications in the medical and other high-tech sectors becoming common. Robotics bearings are important in the motion control elements of this technology as they allow highly coordinated, controlled movement on two or more axes.
Robot bearings also manage the balancing act between zero clearance, high load capacity, low friction, and small installation space. In most cases, rolling bearings such as ball bearings, crossed roller bearings or angular contact roller bearings are used here.
How is the Report Helpful?
Stratview Research provides high-utility reports to help users and key decision-makers gain accurate insights into current business trends, future growth opportunities, and key success factors in the industry.
Most importantly, this report analyses the possible impact of COVID-19 on the market dynamics which offers cushioning against the uncertain business environment and helps in streamlining the resources and investment decisions in a fruitful manner.
What are the Top Market Drivers?
According to the report, the robotics manufacturing industry is gradually getting back on its track, paired with collective efforts of OEMs and other sectoral stakeholders towards mitigating the risks associated with the COVID-19, is signaling healthy and quick recuperation.
Stratview Research has segmented the market in the following ways which fulfill the market data needs of multiple stakeholders across the industry value chain.
Based on the bearing type, Ball bearings are expected to remain the largest segment of the market during the forecast period. Deep groove ball bearings are preferred for the majority of robotics and automation applications.
Based on the end-use industry type, Automotive is projected to be the leading segment of the market during the forecast period. Robots are an integral part of making automotive plants competitive, as they not only boost capacity, improve quality, and reduce warranty costs, but also reduce labor costs.
Which region offers the best opportunity and growth?
In terms of region, Asia-Pacific is expected to remain the largest market over the next five years, owing to several reasons including –
Europe is the second-most important market for robotics bearings, on account of Germany, being the fifth-largest country globally for industrial robotics and its significant position in the automotive and medical industries.
To know more about the covid-19 impact, download a free sample report, here:
https://www.stratviewresearch.com/Request-Sample/2229/robotics-bearings-market.html#form
Who are the Top Market Players?
The market for robotics bearings is gradually consolidating as the major companies are performing mergers & acquisitions to quickly gain the leading position and to tap growing opportunities in this briskly expanding market.
For instance; AB SKF a leading global supplier of bearings for a wide range of industries acquired Kaydon Corporation. After the acquisition, AB SKF successfully leaped ahead in the market with the added capabilities and expansion of its product portfolio.
The supply chain of this market comprises several nodes including raw material suppliers, bearing manufacturers, OEMs, and MRO companies.
The following are the key players in the robotics bearings market-
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