Turkey Bearings Market (2019-2025) | Companies, Trends, Forecast, Analysis, Industry, Growth, Size, Value, Revenue, Outlook & Share

Latest 2021 Developments

Turkey Bearings Market has seen the latest innovations which include the introduction of smart bearings, that continuously measure and communicate their operating conditions. These bearings enable customers to have even better control over the life cycle of their machinery, leading to lower costs and higher reliability and machinery uptime. Smart bearings are made from complex alloys and have suitable built-in monitoring sensors. As a result, the steel industry is focusing on developing different alloys for processing combinations. Steel with high tensile strength and ductility is used to make bearings used in the automotive sector. Other applications like residential appliances, domestic motors, etc., are indicating the growing demand for enhanced and lighter bearings.

Mergers and Acquisitions:

• In August 2018, the Merger of INA Bearings India Pvt Ltd and LuK India Pvt Ltd. with Schaeffler India Limited was completed

To enquire about the latest release please click here

Previous Release:

Turkey bearings market slowed down in 2018 and declined further in 2019 due to volatility in the Turkish Lira. However, with government initiatives towards improving the industrial sector and Turkey Vision 2023; it is exported that the demand for bearings would increase in the country over the coming years. Further, the spreading of the coronavirus epidemic across neighboring countries such as Iran is expected to affect Turkey’s industrial growth also, thereby impacting the bearings industry as well, though the effects may be considered to be short-lived.

According to 6Wresearch, the Turkey Bearings Market size is projected to grow at a CAGR of 3.3% during 2019–2025. The major factors boosting the demand for the bearings market in the country are rapid urbanization, a growing industrial sector, and construction activities across several applications. Further, projected growth in the construction market especially of high-rise buildings along with upcoming new hotels & shopping malls and increasing inflow of FDI in the construction and retail sectors is expected to in turn boost the demand for bearings in the country as bearings form a major component in various construction & manufacturing equipment machinery.

The major end-user applications of the bearings market in Turkey include automotive machinery, construction machinery, agricultural machinery, and oilfield equipment. Some of the key players in the Turkey bearings market are JTEKT, SKF, NTN Corporation, Timken, NSK Global, Schaeffer Group, and Others.

The Turkey bearings market report thoroughly covers the market by types, sales channels, and applications. The Turkey bearings market outlook report provides an unbiased and detailed analysis of the ongoing Turkey bearings market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.

Key Highlights of the Report

• Turkey Bearings Market Overview
• Turkey Bearings Market Outlook
• Turkey Bearings Market Forecast
• Turkey Bearings Market Size and Historical Data of Turkey Bearings Market Revenues for the Period 2015-2018
• Turkey Bearings Market Forecast of Revenues, Until 2025
• Historical Data of Turkey Bearings Market Revenues for the Period 2015-2018, By Types
• Market Size & Forecast of Turkey Bearings Market Revenues Until 2025F, By Types
• Historical Data of Turkey Bearings Market Revenues for the Period 2015-2018, By Roller Bearing Types
• Market Size & Forecast of Turkey Bearings Market Revenues Until 2025F, By Roller Bearing Types
• Historical Data of Turkey Bearings Market Revenues for the Period 2015-2018, By Sales Channels
• Market Size & Forecast of Turkey Bearings Market Revenues Until 2025F, By Sales Channels
• Historical Data of Turkey Bearings Market Revenues for the Period 2015-2018, By Applications
• Market Size & Forecast of Turkey Bearings Market Revenues Until 2025F, By Applications
• Turkey Bearings Market Drivers
• Turkey Bearings Market Restraints
• Turkey Bearings Market Trends and Industry Life Cycle
• Porter’s Five Force Analysis
• Market Opportunity Assessment
• Turkey Bearings Market Share, By Players
• Turkey Bearings Market Share, By Countries
• Turkey Bearings Market Overview on Competitive Benchmarking
• Company Profiles
• Key Strategic Recommendations

Market Covered:

The report provides a detailed analysis of the following market segments:

By Types:

• Ball Bearings
• Roller Bearings
• Other Bearings (Pillow block, Mounted, etc.)

By Roller Bearings Types:

• Cylindrical Roller Bearings
• Tapered Roller Bearings
• Spherical Roller Bearings
• Needle Roller Bearings
• Other Roller Bearings

By Sales Channels:

• OEM’s
• Aftermarket Sales

By Applications:

• Aerospace & Railway
• Agricultural Equipment Machinery
• Mining & Oilfield Equipment Machinery
• Automotive Machinery
• Construction Machinery
• Other Machinery

Other Key Reports Available:

• Europe Bearings Market Report
• Africa Bearings Market Report
• Saudi Arabia Bearings Market Report
• Turkey Bearings Market Report