Global Wind Turbine Bearing Market will Exhibit Negative Impact During 2020-2024 | Rising Investments in Clean Sources of Energy to Improve the Market Growth | Technavio

LONDON–(BUSINESS WIRE)–#GlobalWindTurbineBearingMarket–Technavio has been monitoring the wind turbine bearing market, operating under the industrials sector. The latest report on wind turbine bearing market, 2020-2024 estimates it to register an incremental growth of by USD 7.22 billion, almost at a CAGR of 11% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.

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The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Competitors have to focus on differentiating their product offerings with unique value propositions to strengthen their foothold in the market. Market vendors also have to leverage on the existing growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments. AB SKF, Dalian Metallurgical Bearing Co. Ltd., JTEKT Corp., LYC Bearing Corp., NSK Ltd., NTN Corp., Schaeffler AG, The Timken Co., thyssenkrupp AG, and Wafangdian Bearing Co. Ltd. are among some of the major market participants.

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Rising investments in clean sources of energy have been instrumental in driving the growth of the market. However, the competition from alternative sources of energy might hamper market growth.

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Wind Turbine Bearing Market 2020-2024: Segmentation

Wind Turbine Bearing Market is segmented as below:

  • Product
    • GBMB
    • BBYBGB
  • Application
    • Offshore
    • Onshore
  • Geographic Landscape
    • APAC
    • Europe
    • North America
    • South America
    • MEA

Based on geographic segmentation, over 59% of the market growth originated from APAC during the forecast period. In addition, the GBMB segment led the growth under the product segment. This report provides an accurate prediction of the contribution of all the segments to the growth of the market size.

Wind Turbine Bearing Market 2020-2024: Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The wind turbine bearing market report covers the following areas:

  • Wind Turbine Bearing Market Size
  • Wind Turbine Bearing Market Trends
  • Wind Turbine Bearing Market Industry Analysis

This study identifies the rising number of offshore wind farm installations as one of the prime reasons driving the Wind Turbine Bearing Market growth during the next few years.

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.

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Wind Turbine Bearing Market 2020-2024: Key Highlights

  • CAGR of the market during the forecast period 2020-2024
  • Detailed information on factors that will assist wind turbine bearing market growth during the next five years
  • Estimation of the wind turbine bearing market size and its contribution to the parent market
  • Predictions on upcoming trends and changes in consumer behavior
  • The growth of the wind turbine bearing market
  • Analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of wind turbine bearing market, vendors

Table of Contents:

Executive Summary

Market Landscape

  • Market ecosystem
  • Value chain analysis

Market Sizing

  • Market definition
  • Market segment analysis
  • Market size 2019
  • Market outlook: Forecast for 2019 – 2024

Five Forces Analysis

  • Five forces summary
  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

Market Segmentation by Product

  • Market segments
  • Comparison by product
  • GBMB – Market size and forecast 2019-2024
  • BBYBGB – Market size and forecast 2019-2024
  • Market opportunity by Product

Market Segmentation by Application

  • Market segments
  • Comparison by Application
  • Onshore – Market size and forecast 2019-2024
  • Offshore – Market size and forecast 2019-2024
  • Market opportunity by Application

Customer landscape

Geographic Landscape

  • Geographic segmentation
  • Geographic comparison
  • APAC – Market size and forecast 2019-2024
  • Europe – Market size and forecast 2019-2024
  • North America – Market size and forecast 2019-2024
  • South America – Market size and forecast 2019-2024
  • MEA – Market size and forecast 2019-2024
  • Key leading countries
  • Market opportunity by geography
  • Market drivers
  • Market challenges
  • Market trends

Vendor Landscape

  • Vendor landscape
  • Landscape disruption
  • Competitive scenario

Vendor Analysis

  • Vendors covered
  • Market positioning of vendors
  • AB SKF
  • Dalian Metallurgical Bearing Co. Ltd.
  • JTEKT Corp.
  • LYC Bearing Corp.
  • NSK Ltd.
  • NTN Corp.
  • Schaeffler AG
  • The Timken Co.
  • thyssenkrupp AG
  • Wafangdian Bearing Co. Ltd.


  • Scope of the report
  • Currency conversion rates for US$
  • Research methodology
  • List of abbreviations

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.


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