Middle East & Africa Sensor Bearing Market: Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2016-2021 and Forecast 2022-2028

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Middle East & Africa Sensor Bearing Market: By Functionality (Displacement, Speed, Temperature, Vibration and Others), By Application (Anti-lock Brake Systems (ABS), Electric Motors, Material Handling Equipment and Others), By End User (Aerospace & Defense, Automotive, Metal & Mining, Oil & Gas, Transportation and Others) and Geography

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Report

Description

Middle East and Africa Sensor Bearing market estimated to be valued US$ XX Mn in 2021 and poised to grow at significant CAGR over 2022-2028. Some of the key factors responsible for the market growth include rising demand from end user industries, growing adoption of IoT in bearing technology, high growth in emerging economies and technological advancements. The volatility of raw material prices affects the demand for sensor bearing which act as a key restraint to the growth of the bearing isolators market. Rising raw material prices acts as an adoption barrier. In addition, as cost plays an important role in the market presence of cheap quality products available for low cost may hamper the market growth. Middle East and Africa Sensor Bearing market is surging owing to frequent acquisitions and launchings by the market players. For Instance, In January 2018, SKF made an agreement with Koncar KEV for the supply of axle boxes, bearings and associated equipment for its modern low-floor electric and diesel-electric multiple unit trains. Middle East and Africa Sensor Bearing market report gives comprehensive outlook on Sensor Bearing across the countries with special emphasis on key countries such as Gulf Cooperation Council (GCC) Countries, Israel, South Africa and Rest of MEA. The report on Middle East and Africa sensor bearing market gives historical, current, and future market sizes (US$ Mn) on the basis of functionality, application, end user and countries. This report studies Middle East and Africa sensor bearing market dynamics elaborately to identify the current trends and drivers, future opportunities and possible challenges to the key stakeholders operating in the market. In addition, Middle East and Africa sensor bearing market report includes human demographics; regulatory scenario, and competition analysis with vividly illustrated the competition dashboard to assess the market competition. Moreover, PBI analyzed Middle East and Africa sensor bearing market to better equip clients with possible investment opportunities across the countries (Countries Investment Hot-Spots) and market unmet needs (Product Opportunities). Key stakeholders of the Middle East and Africa sensor bearing market report include suppliers, manufacturers, marketers, policy makers, and healthcare service providers engaged in Middle East and Africa Sensor Bearing products.


Middle East & Africa Sensor Bearing Market

MARKET SUMMARY
-
% CAGR
  • Study Period– 2022 – 2028
  • Base Year– 2021
  • CAGR– %
  • Largest Market– South Africa

Middle East & Africa Sensor Bearing Market

  • Middle East and Africa Sensor Bearing market expanding at significant CAGR over 2022 to 2028 owing to growing demand from end user industries.
  • Based on application, Anti-lock Brake Systems (ABS) segment accounted for larger market revenue share in 2021 and projected gain market revenue share over the forecast period
  • Players focusing on innovation of newer products and collaboration strategies to retain market position in Middle East and Africa Sensor Bearing market
Market Key Players
  • Timken (US)
  • NSK Corporation (Japan)
  • Schaeffler Technologies AG and Co. KG (Germany)
  • NTN Corporation (Japan)
  • Nachi Europe GmbH (Germany)
  • Mageba SA (Switzerland)
  • JTEKT Corporation (Japan)
Drivers And Restraints

Middle East & Africa Sensor Bearing Market

The growing demand for sensor bearings from numerous end-use industries such as metal and mining, transportation, oil and gas, automotive, and aerospace and defense is expected to drive the growth of the market. Sensor bearings are used in wheel hub units in vehicles. In railway locomotives and wagons, sensor bearings are used to observe speed, temperature, vibration, etc. Most automotive hub units use speed sensors to send wheel speed data to anti-lock brake systems (ABS) and traction control units of vehicles. Hence, rising demand from end user industries increases the market growth.


South Africa Accounts for Larger Market Revenue Share in

Middle East & Africa Sensor Bearing Market

South Africa accounted for larger revenue share in Middle East and Africa Sensor Bearing market with considerable CAGR is due to increasing demand from end user industries. Moreover, enforcement of stringent regulations related to the mandatory installation of ABS systems in cars further enhances the market growth.

Latin America
Latin-America
North-America
North-America
Europe
Europe
Asia Pacific
Asia-Pacific
Middle East
Middle East

Key

Key Features of the Report

  • The report provides granular level information about the market size, regional market share, historic market and forecast
  • The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The report tracks recent innovations, key developments and startup’s details that are actively working in the market
  • The report provides plethora of information about market entry strategies, regulatory framework and reimbursement scenario
  • The report analyses the impact of socio-political environment through PESTLE Analysis and competition through Porter’s Five Force Analysis in addition to recent technology advancements and innovations in the market
Segmentation

Middle East & Africa Sensor Bearing Market


Location

GEOGRAPHY

Frequently Asked Questions

2021 is the base year and 2028 is the forecast year.

The report covers the five regions and 15+ countries market data: North America (United States, Canada), Europe (Germany, France, Italy, Spain, and United Kingdom (UK), Asia Pacific (China, India, Japan, Australia & New Zealand), Latin America (Brazil, Mexico, Argentina) and Middle East and Africa (Saudi Arabia, United Arab Emirates, South Africa).

In our report, we provide 12-15 market players’ information into the report. However, based on the client’s request we will provide additional country and regional market players information as well.


Report

Table Of Content

  1. Executive Summary
  2. Middle East & Africa Sensor Bearing Market Introduction
    • Middle East & Africa Sensor Bearing Market – Taxonomy
    • Middle East & Africa Sensor Bearing Market –Definitions
      • Functionality
      • Application
      • End User
  1. Middle East & Africa Sensor Bearing Market Dynamics
    • Drivers
    • Restraints
    • Opportunities/Unmet Needs of the Market
    • Trends
    • Middle East & Africa Sensor Bearing Market Dynamic Factors – Impact Analysis
    • Middle East & Africa Sensor Bearing Market – Competition Landscape
  2. Middle East & Africa Sensor Bearing Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025
    • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
    • Year-over-Year (Y-o-Y) Growth Analysis (%)
    • Market Opportunity Analysis
  3. Middle East & Africa Sensor Bearing Market, By Functionality, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
    • Displacement
      • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Speed
      • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Temperature
      • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Vibration
      • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Others
      • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
  1. Middle East & Africa Sensor Bearing Market Forecast, By Application, 2014 – 2018 and Forecast, 2019 – 2025
    • Anti-Lock Braking System (ABS)
      • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Electric Motors
      • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Material Handling Equipment
      • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Others
      • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
  1. Middle East & Africa Sensor Bearing Market Forecast, By End User, 2014 – 2018 and Forecast, 2019 – 2025
    • Aerospace & Defence
      • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Automotive
      • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Metal & Mining
      • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Oil & Gas
      • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Transportation
      • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Others
      • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
  1. Middle East & Africa Sensor Bearing Market Forecast, By Country, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
    • Gulf Corporation Council (GCC) Countries
      • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Israel
      • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • South Africa
      • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Rest of Middle East & Africa
      • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Middle East & Africa Sensor Bearing Market – Opportunity Analysis Index, By Functionality, Application, End User and Country, 2019 – 2025
  2. Gulf Corporation Council (GCC) Countries Sensor Bearing Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
    • Functionality Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Displacement
      • Speed
      • Temperature
      • Vibration
      • Others
    • Application Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Anti-Lock Braking System (ABS)
      • Electric Motors
      • Material Handling Equipment
      • Others
    • End User Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Aerospace & Defense
      • Automotive
      • Metal & Mining
      • Oil & Gas
      • Transportation
      • Others
    • Gulf Corporation Council (GCC) Countries Sensor Bearing Market – Opportunity Analysis Index, By Functionality, Application, End User and Country, 2019 – 2025
    • Gulf Corporation Council (GCC) Countries Sensor Bearing Market Dynamics – Trends
  3. Israel Sensor Bearing Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
    • Functionality Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Displacement
      • Speed
      • Temperature
      • Vibration
      • Others
    • Application Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Anti-Lock Braking System (ABS)
      • Electric Motors
      • Material Handling Equipment
      • Others
    • End User Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Aerospace & Defense
      • Automotive
      • Metal & Mining
      • Oil & Gas
      • Transportation
      • Others
    • Israel Sensor Bearing Market – Opportunity Analysis Index, By Functionality, Application, End User and Country, 2019 – 2025
    • Israel Sensor Bearing Market Dynamics – Trends
  4. South Africa Sensor Bearing Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
    • Functionality Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Displacement
      • Speed
      • Temperature
      • Vibration
      • Others
    • Application Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Anti-Lock Braking System (ABS)
      • Electric Motors
      • Material Handling Equipment
      • Others
    • End User Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Aerospace & Defense
      • Automotive
      • Metal & Mining
      • Oil & Gas
      • Transportation
      • Others
    • South Africa Sensor Bearing Market – Opportunity Analysis Index, By Functionality, Application, End User and Country, 2019 – 2025
    • South Africa Sensor Bearing Market Dynamics – Trends
  5. Rest of Middle East & Africa Sensor Bearing Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
    • Functionality Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Displacement
      • Speed
      • Temperature
      • Vibration
      • Others
    • Application Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Anti-Lock Braking System (ABS)
      • Electric Motors
      • Material Handling Equipment
      • Others
    • End User Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Aerospace & Defense
      • Automotive
      • Metal & Mining
      • Oil & Gas
      • Transportation
      • Others
    • Rest of Middle East & Africa Sensor Bearing Market – Opportunity Analysis Index, By Functionality, Application, End User and Country, 2019 – 2025
    • Rest of Middle East & Africa Sensor Bearing Market Dynamics – Trends
  6. Competition Landscape
    • Strategic Dashboard of Top Market Players
    • Company Profiles (Introduction, Financial Analysis, Functionality & Service Offerings, Key Developments, Strategies, and SWOT Analysis)
      • Timken (US), NSK Corporation (Japan)
      • Schaeffler Technologies AG & Co. KG (Germany)
      • NTN Corporation (Japan)
      • Nachi Middle East & Africa GmbH (Germany)
      • Mageba SA (Switzerland)
      • JTEKT Corporation (Japan)
      • Fersa Bearing SA (Spain)
      • BRTEC (China)
      • ABB Group (Switzerland)
      • SKF (Sweden)
  1. Research Methodology
  2. Key Assumptions and Acronyms

Report

Company Profile

  • Timken (US)
  • NSK Corporation (Japan)
  • Schaeffler Technologies AG and Co. KG (Germany)
  • NTN Corporation (Japan)
  • Nachi Europe GmbH (Germany)
  • Mageba SA (Switzerland)
  • JTEKT Corporation (Japan)
  • Fersa Bearing SA (Spain)
  • BRTEC (China)
  • ABB Group (Switzerland)
  • SKF (Sweden)

Description

Middle East and Africa Sensor Bearing market estimated to be valued US$ XX Mn in 2021 and poised to grow at significant CAGR over 2022-2028. Some of the key factors responsible for the market growth include rising demand from end user industries, growing adoption of IoT in bearing technology, high growth in emerging economies and technological advancements. The volatility of raw material prices affects the demand for sensor bearing which act as a key restraint to the growth of the bearing isolators market. Rising raw material prices acts as an adoption barrier. In addition, as cost plays an important role in the market presence of cheap quality products available for low cost may hamper the market growth. Middle East and Africa Sensor Bearing market is surging owing to frequent acquisitions and launchings by the market players. For Instance, In January 2018, SKF made an agreement with Koncar KEV for the supply of axle boxes, bearings and associated equipment for its modern low-floor electric and diesel-electric multiple unit trains. Middle East and Africa Sensor Bearing market report gives comprehensive outlook on Sensor Bearing across the countries with special emphasis on key countries such as Gulf Cooperation Council (GCC) Countries, Israel, South Africa and Rest of MEA. The report on Middle East and Africa sensor bearing market gives historical, current, and future market sizes (US$ Mn) on the basis of functionality, application, end user and countries. This report studies Middle East and Africa sensor bearing market dynamics elaborately to identify the current trends and drivers, future opportunities and possible challenges to the key stakeholders operating in the market. In addition, Middle East and Africa sensor bearing market report includes human demographics; regulatory scenario, and competition analysis with vividly illustrated the competition dashboard to assess the market competition. Moreover, PBI analyzed Middle East and Africa sensor bearing market to better equip clients with possible investment opportunities across the countries (Countries Investment Hot-Spots) and market unmet needs (Product Opportunities). Key stakeholders of the Middle East and Africa sensor bearing market report include suppliers, manufacturers, marketers, policy makers, and healthcare service providers engaged in Middle East and Africa Sensor Bearing products.

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