1. Market Research
  2. > Automotive
  3. > Motor Vehicle Market Trends
Sensor Bearing Market by Functionality, Application, End-use Industry And Region - Global Forecast to 2023

Sensor Bearing Market by Functionality, Application, End-use Industry And Region - Global Forecast to 2023

  • January 2019
  • 180 pages
  • ID: 5730154
  • Format: PDF
  • By MarketsandMarkets

Summary

Table of Contents

Search Inside

The sensor bearing market is projected to grow at a CAGR of 5.2% from 2018 to 2023
The sensor bearing market is projected to reach USD 6.5 billion by 2023 from USD 5.1 billion in 2018, at a CAGR of 5.2% between 2018 and 2023. The major factors driving the sensor bearing market are increasing demand for sensor bearings from end-use industries, such as automotive and transportation, and enforcement of stringent regulations related to the mandatory installation of ABS systems in cars in various Asia Pacific and European countries.

Based on functionality, the speed functionality segment is expected to be the largest
Speed functionality sensor bearings are mostly used in the ABS systems of automotive vehicles. Presently, over 90% of the vehicles that ply on roads are equipped with wheel speed sensors in the ABS systems. Additionally, the US and some member countries of the European Union have made the installation of ABS and ESC systems mandatory in passenger cars since 2011 and 2014, respectively, thereby leading to the increasing demand for sensor bearings in these countries

Based on application, the ABS segment is projected to be the fastest-growing application segment
The ABS application segment of the sensor bearing market is expected to grow at the highest CAGR during the forecast period. The growing demand for ABS systems from automotive OEMs in countries, such as China, India, Japan, Germany, and the US is expected to lead to the growth of this segment.

Asia Pacific region is projected to grow at the highest CAGR in the sensor bearing market
The Asia Pacific region is projected to grow at the highest CAGR in the global sensor bearing market. The sensor bearing market in Europe is expected to witness significant growth on account of the increasing demand for sensor bearings from end-use industries, such as automotive and transportation, and the enforcement of stringent regulations related to the mandatory installation of ABS systems in automotive vehicles in various Asia Pacific countries, such as India, Japan, and China.

Profile break-up of primary participants for the report:
• By Company: Tier 1 – 53 %, Tier 2 – 21%, Tier 3 – 26%
• By Designation: C level – 33%, Director level – 22%, Others – 45%
• By Region: North America – 50%, Europe – 17%, Asia Pacific – 25%, Middle East & Africa – 3%, and South America – 5%

Research Coverage:
As part of the qualitative analysis, this research study provides a comprehensive review of major market drivers, restraints, opportunities, and challenges.The report defines, describes, and forecasts the sensor bearing market, based on functionality, application, and region.

It provides a strategic analysis of micromarkets with respect to individual growth trends, prospects, and their contribution to the overall market.
It also discusses the competitive strategies adopted by various market players, such as SKF (Sweden), Schaeffler Technologies AG & Co. KG (Germany), NTN Corporation (Japan), Timken (US), NSK Corporation (Japan), JTEKT Corporation (Japan), ABB Group (Switzerland), Mageba SA (Switzerland), BRTEC (China), ABB Group (Switzerland), Fersa Bearing SA (Spain), and Nachi Europe GmbH (Germany).

Key benefits of buying the report:
From an insight perspective, this research report has focused on various levels of analyses — industry analysis (industry trends), market share analysis of top players, and company profiles, which together comprise and discuss the basic views on the competitive landscape, emerging and high-growth segments of the sensor bearing market, high-growth regions, and market drivers, restraints, and opportunities.

The report provides insights on the following pointers:
• Market Penetration: Comprehensive information on sensor bearings offered by top players in the sensor bearing market
• Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product launches in the sensor bearing market
• Market Development: Comprehensive information about lucrative emerging markets – the report analyzes the markets for sensor bearings across regions
• Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the sensor bearing market
• Competitive Assessment: In-depth assessment of market shares, strategies, products, and manufacturing capabilities of the leading players in the sensor bearing market

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 150+ Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
  • Single User License — provides access to the report by one individual.
  • Department License — allows you to share the report with up to 5 users
  • Site License — allows the report to be shared amongst all employees in a defined country
  • Corporate License — allows for complete access, globally.
Ahmad helps you find the right report:
Testimonials

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

We were impressed with the support that ReportLinker’s research specialists’ team provided. The report we purchased was useful and provided exactly what we want.

Category Manager at
Ikea

ReportLinker gave access to reliable and useful data while avoiding dispersing resources and spending too much time on unnecessary research.

Executive Director at
PwC Advisory

The customer service was fast, responsive, and 100% professional in all my dealings (...) If we have more research needs, I'll certainly prioritize working with ReportLinker!

Scott Griffith

Vice President Marketing at
Maurice Sporting Goods

The research specialist provided prompt, helpful instructions for accessing ReportLinker's product. He also followed up to make sure everything went smoothly and to ensure an easy transition to the next stage of my research

Jessica P Huffman

Research Associate at
American Transportation Research Institute

Excellent customer service. Very responsive and fast.

Director, Corporate Strategy at
Ingredion

I reached out to ReportLinker for a detailed market study on the Air Treatment industry. The quality of the report, the research specialist’s willingness to solve my queries exceeded my expectations. I would definitely recommend ReportLinker for in-depth industry information.

Mariana Mendoza

Global Platform Senior Manager at
Whirlpool Corporation

Thanks! I like what you've provided and will certainly come back if I need to do further research works.

Bee Hin Png

CEO at
LDR Pte Ltd

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

FAQ
  • How we can help
    • I am not sure if the report I am interested in will fulfill my needs. Can you help me?
    • Yes, of course. You can call us at +33(0) 4 37 65 17 03 or drop us an email at researchadvisor@reportlinker.com to let us know more about your requirements.
    • We buy reports often - can ReportLinker get me any benefits?
    • Yes. Set up a call with a Senior Research Advisor to learn more - researchadvisor@reportlinker.com or +33(0) 4 37 65 17 03.
    • I have had negative experiences with market research reports before. How can you avoid this from happening again?
    • We advise all clients to read the TOC and Summary and list your questions so that we can get more insight for you before you make any purchase decision. A research advisor will accompany you so that you can compare samples and reports from different sources, and choose the study that is right for you.

  • Report Delivery
    • How and when I will receive my Report?
    • Most reports are delivered right away in a pdf format, while others are accessed via a secure link and access codes. Do note that sometimes reports are sent within a 12 hour period, depending on the time zones. However, you can contact us to escalate this. Should you need a hard copy, you can check if this option is offered for the particular report, and pay the related fees.
  • Payment conditions
    • What payment methods do you accept?
      1. Credit card : VISA, American Express, Mastercard, or
      2. You can download an invoice to pay by wire transfer, check, or via a Purchase Order from your company, or
      3. You can pay via a Check made out in US Dollars, Euros, or British Pounds for the full amount made payable to ReportLinker
    • What are ReportLinker’s Payment Terms?
    • All payments must normally be submitted within 30 days. However, you can let us know if you need extended time.
    • Are Taxes and duties included?
    • All companies based in France must pay a 20% tax per report. The same applies to all individuals based in the EU. All EU companies must supply their VAT number when purchasing to avoid this charge.
    • I’m not satisfied. Can I be refunded?
    • No. Once your order has been processed and the publisher has received a notification to send you the report, we cannot issue any refund or cancel any order. As these are not ‘traditional’ products that can be returned, reports that are dispatched are considered to be ‘consumed’.
  • User license
    • The license that you should acquire depends on the number of persons that need to access the report. This can range from Single User (only one person will have the right to read or access the report), or Department License (up to 5 persons), to Site License (a group of persons based in the same company location), or Corporate License (the entire company personnel based worldwide). However, as publishers have different terms and conditions, we can look into this for you.
Purchase Reports From Reputable Market Research Publishers
Global Automotive Window and Exterior Sealing Systems Industry

Global Automotive Window and Exterior Sealing Systems Industry

  • $ 4950
  • October 2019

Automotive Window and Exterior Sealing Systems market worldwide is projected to grow by US$11.7 Billion, driven by a compounded growth of 6.8%. Glass Run Channel Seals, one of the segments analyzed and ...

Hybrid Adhesives & Sealants Market Size, Share - Segmented by Resin, End-user Industry, and Geography - Growth, Trends, and Forecast (2019 - 2024).

Hybrid Adhesives & Sealants Market Size, Share - Segmented by Resin, End-user Industry, and Geography - Growth, Trends, and Forecast (2019 - 2024).

  • $ 4250
  • August 2019

Market OverviewThe market for hybrid adhesives & sealants is likely to register a CAGR of 7.43%, during the forecast period (2019-2024). One of the major driving factors of the market is the increasing ...

Global Vacuum Furnace Market - Opportunities and Forecast (2014-2024)

Global Vacuum Furnace Market - Opportunities and Forecast (2014-2024)

  • $ 2400
  • October 2019

Executive SummaryThe Global Vacuum furnace market was valued at USD 689.64 Million in the year 2018. The rise in investments in vehicle manufacturing plants from the developed and developing countries, ...

Minivan Markets in China $ 4000 October 2019


ref:plp2019

Reportlinker.com © Copyright 2019. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.

Make sure you don’t miss any news and follow us on