Canada Bearing Market Overview, 2027

Canada Bearing Market Size, Share, Trend & Market Analysis By Type, By Distribution Channel, By End User, Competition, Forecast & Opportunities.

"The Canadian bearing market has seen significant growth and outstanding developments over the years, becoming an increasingly important part of the industrial environment. As a significant participant in international trade and production, Canada's strong economy has promoted a vibrant market for bearings, offering a wide range of goods and services that are specifically designed to satisfy the needs of various industries. A long legacy of engineering excellence and a constant focus on customer satisfaction have propelled the Canadian bearing market's development in a direction that has been marked by an unbroken devotion to quality, accuracy, and innovation. Canada's bearing industry prospers in a society that values innovation, new technology, and constant improvement. High-quality, dependable, and effective bearing solutions are produced by Canadian businesses operating in this industry because they are at the forefront of adopting and integrating the most recent technology and production techniques. According to the report title, """"Canada 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. Canada's bearing industry prospers in a society that values innovation, new technology, and constant improvement. High-quality, dependable, and effective bearing solutions are produced by Canadian businesses operating in this industry because they are at the forefront of adopting and integrating the most recent technology and production techniques. The market has seen the advent of cutting-edge bearing materials, designs, and lubrication processes thanks to a strong emphasis on research and development, enabling improved performance, prolonged lifespans, and decreased maintenance needs. In addition, there is a growing movement for environmentally friendly and sustainable bearing solutions, which is consistent with Canada's dedication to environmental stewardship. This covers the creation of energy-efficient bearings, recycling initiatives for bearing parts, and the application of green manufacturing techniques.

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Asia-Pacific dominates the market and is the largest and fastest-growing market in the animal growth promoters industry globally

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There are several important companies that play a vital role in the development and success of the Canadian bearing equipment market are present. Both international conglomerates and domestic producers are among these well-known businesses. In order to meet the unique needs of Canadian businesses, well-known worldwide players like SKF, Timken, NSK, and Schaeffler have made a strong commitment to Canada. Alongside these international behemoths, Canadian businesses like RBC Bearings, MRC Bearings, and NTN Bearing Corporation of Canada have established their mark by providing customers in numerous industries with specialised solutions and regional assistance. In order to maintain their market share and adapt to changing consumer demands, these major players in the industry engage in tough competition. 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: Canada • Historic year: 2016 • Base year: 2021 • Estimated year: 2022 • Forecast year: 2027

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Prashant Tiwari

Prashant Tiwari

Research Analyst

Aspects covered in this report • Canada 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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Prashant Tiwari

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. "

Table of Contents

  • Table of Contents
  • 1. Executive Summary
  • 2. Introduction
  • 2.1. Market Definition
  • 2.2. Market Scope & Segmentation
  • 2.3. Research Methodology
  • 3. Canada Macro-Economic Indicators
  • 4. Canada Bearing Market Category Analysis
  • 4.1. Key findings
  • 4.2. Market Drivers
  • 4.3. Market Restraints
  • 4.4. Policies & Certification
  • 4.5. Opportunities
  • 4.6. Value Chain Analysis
  • 4.7. Key Developments - 2021
  • 5. Canada Bearing Market Trends
  • 6. Canada Bearing Market Overview
  • 6.1. Market Size By Value
  • 6.2. Market Share
  • 6.2.1. By Type
  • 6.2.2. By Application
  • 6.2.3. By Distribution Channel
  • 7. Canada Bearing Market Segmentations
  • 7.1. Canada Bearing Market, By Type
  • 7.1.1. Canada Bearing Market Size, By Ball Bearing, 2016 - 2027F
  • 7.1.2. Canada Bearing Market Size, By Roller Bearing, 2016 - 2027F
  • 7.1.3. Canada Bearing Market Size, By Plain Bearing, 2016 - 2027F
  • 7.1.4. Canada Bearing Market Size, By Others (Magnetic Bearing, Fluid Bearing, Disc Harrow Bearing, etc.), 2016 - 2027F
  • 7.2. Canada Bearing Market, By Application
  • 7.2.1. Canada Bearing Market Size, By Automotive, 2016 - 2027F
  • 7.2.2. Canada Bearing Market Size, By Industrial, 2016 - 2027F
  • 7.2.3. Canada Bearing Market Size, By Aerospace, 2016 - 2027F
  • 7.2.4. Canada Bearing Market Size, By Others (Railway, Agriculture, etc.), 2016 - 2027F
  • 7.3. Canada Bearing Market, By Distribution Channel
  • 7.3.1. Canada Bearing Market Size, By OEM, 2016 - 2027F
  • 7.3.2. Canada Bearing Market Size, By Aftermarket, 2016 - 2027F
  • 8. Canada Bearing Market Opportunity Assessment
  • 8.1. By Bearing By Type, 2022F to 2027F
  • 8.2. By Bearing By Application, 2022F to 2027F
  • 8.3. By Bearing By Distribution Channel, 2022F to 2027F
  • 9. Competitive Landscape
  • 9.1. Porter's Five Forces
  • 9.2. Company Profiles
  • 9.2.1. Company 1
  • 9.2.2. Company 2
  • 9.2.3. Company 3
  • 9.2.4. Company 4
  • 9.2.5. Company 5
  • 9.2.6. Company 6
  • 9.2.7. Company 7
  • 9.2.8. Company 8
  • 10. Strategic Recommendations
  • 11. Disclaimer

List of Tables
Table 1: Canada Bearing Market Share By Application (2016 - 2021 & 2022 - 2027)
Table 2: Canada Bearing Market Size of Ball Bearing (2016 to 2027F) (In USD Billion)
Table 3: Canada Bearing Market Size of Roller Bearing (2016 to 2027F) (In USD Billion)
Table 4: Canada Bearing Market Size of Plain Bearing (2016 to 2027F) (In USD Billion)
Table 5: Canada Bearing Market Size of Others (2016 to 2027F) (In USD Billion)
Table 6: Canada Bearing Market Size of Automotive (2016 to 2027F) (In USD Billion)
Table 7: Canada Bearing Market Size of Industrial (2016 to 2027F) (In USD Billion)
Table 8: Canada Bearing Market Size of Aerospace (2016 to 2027F) (In USD Billion)
Table 9: Canada Bearing Market Size of Others (2016 to 2027F) (In USD Billion)
Table 10: Canada Bearing Market Size of OEM (2016 to 2027F) (In USD Billion)
Table 11: Canada Bearing Market Size of Aftermarket (2016 to 2027F) (In USD Billion)
Table 12: Key Facts of Company 1
Table 13: Key Facts of Company 2
Table 14: Key Facts of Company 3
Table 15: Key Facts of Company 4
Table 16: Key Facts of Company 5
Table 17: Key Facts of Company 6
Table 18: Key Facts of Company 7
Table 19: Key Facts of Company 8

List of Figures
Figure 1: Canada Bearing Market Size By Value 2016 to 2027 (In USD Million)
Figure 2: Canada Bearing Market Share By Type (2016, 2021 & 2027)
Figure 3: Canada Bearing Market Share By Distribution Channel (2016, 2021 & 2027)
Figure 4: Market Attractiveness Index, By Type
Figure 5: Market Attractiveness Index, By Application
Figure 6: Market Attractiveness Index, By Distribution Channel
Figure-7: Porter's Five Forces Meter of Bearing Industry in Canada

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Canada Bearing Market Overview, 2027

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