The Robotics Bearings Market is segmented by Bearing Type (Ball Bearing [Angular Contact Ball Bearing, Deep Groove Ball Bearing, and Others], Roller Bearing [Tapered Roller Bearing, Spherical Roller Bearing, Cylindrical Roller Bearing, and Others], Plain Bearings, and Others), by Material Type (Metallic Bearings, Non-Metallic Bearings, and Hybrid Bearings), by End-Use Industry Type (Automotive, Medical, Semiconductors, Industrial, and Others), by Application Type (Robot Joints, Manipulators, Industrial Robots, Swivelling Units of Robot, and Robot Transmission), by End-User Type (OE and Aftermarket), and by Region (North America, Europe, Asia-Pacific, and Rest of the World).
Segment Analysis
Bearing Type
The market is segmented as ball bearing, roller bearing, plain bearings, and others. Ball bearings are further classified as angular contact ball bearings, deep groove ball bearings, and others. Analogously, roller bearings are further classified as tapered roller bearings, cylindrical roller bearings, spherical roller bearings, and others. 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.
End-Use Industry Type
The market is segmented as automotive, medical, semiconductor, industrial, and others. 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. The medical industry is likely to witness the highest growth. Robots are transforming the practice of medicine and are being popularly deployed in surgery, influencing the product demand during the study period.
Regional Analysis
Asia-Pacific is expected to remain the largest market over the next five years, owing to the rapid development of robotic systems by companies in Japan, South Korea, and China. The growth in the region is primarily driven by high financial and regulatory support from governments, the dominance of the automotive industry, and low-cost manufacturing units. Companies worldwide rely on Asia-Pacific manufacturing now more than ever. Availability of raw materials developed supply chain, and huge indigenous demand is other advantages offered by the region.
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.
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