Malaysia Bearings Market (2023-2029) | Share, Segmentation, Analysis, Trends, Revenue, Growth, Size, Industry, Value, Outlook & COVID-19 IMPACT

Malaysia Bearings Market | Country-Wise Share and Competition Analysis

In the year 2021, China was the largest exporter in terms of value, followed by Other Asia, nes. It has registered a growth of 26.01% over the previous year. While Other Asia, nes registered a decline of -34.88% as compared to the previous year. In the year 2017, China was the largest exporter followed by Germany. In terms of the Herfindahl Index, which measures the competitiveness of countries exporting, Malaysia has a Herfindahl index of 1880 in 2017 which signifies moderately concentrated also in 2021 it registered a Herfindahl index of  3032 which signifies high concentration in the market.

Malaysia Bearings Market - Export Market Opportunities

Topics Covered in Malaysia Bearings Market Report

The Malaysia Bearings Market report thoroughly covers the market by product and application. The report provides an unbiased and detailed analysis of the ongoing 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.

Malaysia Bearings Market Synopsis

The Malaysia Bearings Market is projected to propel enormously during the forecast period on account of the growth in many industries like aerospace, automotive, and defense. The automotive sector in particular is seeing huge growth, which is leading to rising demand for bearings owing to the fact that the automotive sector is the largest consumer of bearings.

According to 6Wresearch, Malaysia Bearings Market size is projected to rise exponentially during 2023-2029. The market in the country is driven by many factors. There is no wonder that the demand for bearings is rising from many sectors such as defense, automotive, and aerospace, but the automotive sector is the largest consumer of bearings among all. The demand for bearings is rising in this market and it will continue to rise in the years to come. The automotive industry is significantly rising as it is one of the prominent industries of the country, and the success of this market increases the demand and sales of bearings. Bearings play the most critical role in the transmissions and engines of vehicles. Besides this, the strategic location of Malaysia has made it a prime location for manufacturers to start their operations as well as supply chain networks. As a result, numerous multinational players investing in intensifying their presence in the country’s manufacturing industry, which further helps in boosting the demand for bearings. Technological advancements led to enhanced designs of bearing with better performance potentials, which helps in fueling the Malaysia Bearings Market Growth.

COVID-19 Impact on Malaysia Bearings Market

The pandemic majorly affected the industry just the way it affected other industries. There are many significant industries that use bearings which are automotive, aerospace, and manufacturing. All these industries faced difficulties in their operations when the pandemic hit the country since the government of Malaysia imposed a lockdown, owing to which, many businesses had to close their operations. Manufacturing, automotive, and aerospace industries were affected the most by the pandemic, which negatively affected the demand along with the sales of bearings in the market. The demand for bearings decreased from these significant consumers of bearings. Even the Asia Pacific Bearings Market was affected the most during the pandemic.

Key Players in Malaysia Bearings Market

Key players that are stimulating the growth of the Bearings Market in Malaysia are:

• SKF Group
• NSK Ltd.
• NTN Corporation
• Timken Company
• RBC Bearings Incorporated
• JTEKT Corporation (Koyo)
• FAG Bearings India Limited (Schaeffler Group)
• Nachi Fujikoshi Corp.
• Minebea Mitsumi Inc.

Market by Product

According to Ravi Bhandari, Research Head, 6Wresearch, the roller bearings segment as compared to the ball bearings segment is anticipated to grow in the market in the years to come. This segment dominated the market in the past few years.

Market by Application

On the basis of applications, the Malaysia Bearings Industry is segmented into Automotive, Agriculture, Electrical, Mining & Construction, Railway & Aerospace, Automotive Aftermarket, and Others. It is the automotive segment that dominates the market and is projected to dominate it since the demand for bearings is rising more from the automotive sector.

Key Attractiveness of the Report

• COVID-19 Impact on the Market.
• 10 Years Market Numbers.
• Historical Data Starting from 2019 to 2022.
• Base Year: 2022.
• Forecast Data until 2029.
• Key Performance Indicators Impacting the Market.
• Major Upcoming Developments and Projects.

Key Highlights of the Report:

• Malaysia Bearings Market Outlook
• Market Size of Malaysia Bearings Market, 2022
• Forecast of Malaysia Bearings Market, 2029
• Historical Data and Forecast of Malaysia Bearings Revenues & Volume for the Period 2019 - 2029
• Malaysia Bearings Market Trend Evolution
• Malaysia Bearings Market Drivers and Challenges
• Malaysia Bearings Price Trends
• Malaysia Bearings Porter's Five Forces
• Malaysia Bearings Industry Life Cycle
• Historical Data and Forecast of Malaysia Bearings Market Revenues & Volume By Product for the Period 2019 - 2029
• Historical Data and Forecast of Malaysia Bearings Market Revenues & Volume By Ball Bearings for the Period 2019 - 2029
• Historical Data and Forecast of Malaysia Bearings Market Revenues & Volume By Roller Bearings for the Period 2019 - 2029
• Historical Data and Forecast of Malaysia Bearings Market Revenues & Volume By Application for the Period 2019 - 2029
• Historical Data and Forecast of Malaysia Bearings Market Revenues & Volume By Automotive for the Period 2019 - 2029
• Historical Data and Forecast of Malaysia Bearings Market Revenues & Volume By Agriculture for the Period 2019 - 2029
• Historical Data and Forecast of Malaysia Bearings Market Revenues & Volume By Electrical for the Period 2019 - 2029
• Historical Data and Forecast of Malaysia Bearings Market Revenues & Volume By Mining & Construction for the Period 2019 - 2029
• Historical Data and Forecast of Malaysia Bearings Market Revenues & Volume By Railway & Aerospace for the Period 2019 - 2029
• Historical Data and Forecast of Malaysia Bearings Market Revenues & Volume By Automotive Aftermarket for the Period 2019 - 2029
• Historical Data and Forecast of Malaysia Bearings Market Revenues & Volume By Others for the Period 2019 - 2029
• Malaysia Bearings Import Export Trade Statistics
• Market Opportunity Assessment By Product
• Market Opportunity Assessment By Application
• Malaysia Bearings Top Companies Market Share
• Malaysia Bearings Competitive Benchmarking By Technical and Operational Parameters
• Malaysia Bearings Company Profiles
• Malaysia Bearings Key Strategic Recommendations

Market Scope and Segmentation

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

By Product

• Ball Bearings
• Roller Bearings

By Application

• Automotive
• Agriculture
• Electrical
• Mining & Construction
• Railway & Aerospace
• Automotive Aftermarket
• Others

Malaysia Bearings Market: FAQs