Italy Bearing Market Overview, 2027

"Italy's industrial environment is prominently dominated by the bearing industry, which has experienced consistent growth and remarkable advancements. Italy, which is recognised for its manufacturing expertise, has fostered a robust market for bearings, offering a wide range of goods and services suited to fulfil the unique needs of numerous industries. A strong commitment to quality, accuracy, and innovation are evident in the Italian bearing sector, which is supported by a solid engineering heritage and a persistent focus on customer satisfaction. In addition to thriving on its great manufacturing prowess, Italy's bearing market also exemplifies a robust culture of innovation and a keen sense for new trends. The craftsmanship of Italian bearing producers is deeply ingrained, and they combine age-old methods with cutting-edge tools to produce products of the highest calibre. The market is distinguished by an unrelenting drive on innovation, with a focus on creating cutting-edge bearing solutions that address the changing needs of industries. According to the report title, """"Italy Bearing Market Overview, 2027,"""" published by Bonafide research, the market is projected to grow rapidly over the forecast period, driven by the demand for mounted bearings. By the end of the forecast period 2027, the ball bearing segment is expected to account for nearly half of the market. The bearing industry in Italy has observed some important changes, including the adoption of smart bearings equipped with sensors for real-time monitoring and preventive maintenance, as well as the incorporation of sustainable materials and processes to support international environmental initiatives. Additionally, the market favours a cooperative strategy, encouraging collaborations between academic institutions, research organisations, and industrial actors to promote game-changing breakthroughs and improve product performance. The Italian bearing market is positioned at the forefront of technical breakthroughs and is able to efficiently meet a variety of customer requirements thanks to this culture of constant improvement and adaption to market demands.

The leading companies including SKF Italia S.p.A., Schaeffler Italia S.r.l., NTN-SNR Italia S.p.A., and ISB Industries lead the bearing equipment market in Italy. These businesses are renowned for their top-notch bearings, creative solutions, and significant market presence. These players meet a variety of consumer demands and keep a competitive advantage thanks to their considerable experience, cutting-tech manufacturing facilities, and strong distribution networks. To stay at the forefront of the changing market, they actively engage in research and development, work with partners in the industry, and invest in cutting-edge technologies.Increased efficiency and long life of bearings that demand less maintenance are the other factors that created more demand for bearings. However, competitive products in the market may act as a market restraint. There would be more demand for specialised bearings to optimise the costs of machines and increased adoption of sensor-based bearing units coupled with the Internet of Things are expected to be growth opportunities for bearings. Railways and agriculture are projected to utilise more bearings in the forecast period as this industry focuses on reducing costs and enhancing the lifetime of rails and machines. Railway gearboxes use bearings to lessen shocks caused due to friction between motors and wheels running on tracks. The advancements in technology have reduced the maintenance costs for railways and strengthened cage strength. The innovations in agriculture IoT have led to increased utilisation and monitoring of equipment and machineries that further accelerate market demand for bearings in the country. Agriculture equipment like horizontal and vertical conveyors, worm conveyors, auxiliary transmissions, ploughs, and harvesters have boosted demand for mounted bearings in recent years. Chrome steel is the most widely used material to make bearings as it is both cost-effective and durable. Bearings can also be made from other materials like stainless steel, carbon steel, brass, plastics, ceramics, and other types. Stainless steel bearings are used in corrosive atmospheres as they are resistant and hard but not suitable for salt water and other chemicals. Ceramics are used for extreme temperatures, while plastic bearings are used where less load and speed is required. The supply and demand chain for bearings was highly disturbed amid the pandemic. Trade restrictions led to shortages of parts and raw materials from the Asia Pacific region. This resulted in delayed production orders and a reduced workforce, which halted OEM production lines. The automotive sector was highly affected, but the demand for electric vehicles increased amid the pandemic, which created new demands for bearings, which supported the market growth. After the pandemic, the technological advancements in the bearing market are expected to significantly drive demand. The high import duties levied and scarce raw materials have led to a rise in the cost of bearings. Considered in this report • Geography: Italy • Historic year: 2016 • Base year: 2021 • Estimated year: 2022 • Forecast year: 2027

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Manmayi Raval

Research Consultant

Aspects covered in this report • Italy Bearing market with its value and forecast along with its segments • Various drivers and challenges • On-going trends and developments • Top profiled companies • Strategic recommendation By product type in the report: • Ball Bearing • Roller Bearing • Plain Bearing • Others (Magnetic Bearing, Fluid Bearing, Disc Harrow Bearing, etc.) By application type in the report: • Automotive • Industrial • Aerospace • Others (Railway, Agriculture, etc.)

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By installation type in the report: • Unmounted Bearing • Mounted Bearing By distribution channel in the report: • Original equipment manufacturers (OEMs) • Aftermarket By material type in the report: • Metal • Stainless Steel • Chrome Steel • Carbon Steel • Brass • Others (Plastic, Ceramic, etc.) The approach of the report: This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and listing out the companies that are present in the market. The secondary research consists of third party sources such as press releases, annual report of companies, analyzing the government generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning and then conducted trade calls with dealers and distributors of the market. Post this we have started doing primary calls to consumers by equally segmenting consumers in regional aspects, tier aspects, age group, and gender. Once we have primary data with us we have started verifying the details obtained from secondary sources. Intended audience This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to bearing industry, government bodies and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry. "