Conveyor Bearings Market to Grow at a CAGR of 5% during the forecast period (2021-2027)

Global Conveyor Bearings Market is anticipated to witness a modest growth at a CAGR of ~5% during the forecast period (2021-2027). Conveyor bearings industry growth is primarily driven by the outpace of its alternative products and supported by a recovery of the US automobile production with the improvement in the US-China trade war. This is simultaneously accelerating the machinery shipments, including the increase in large and high-value conveyor bearings for the automotive and food processing sectors.

A conveyor bearing is pressed at the ends of a conveyor belt, enabling the conveyor belt's smooth rotation. Typically, these conveyor belt moves materials along with the manufacturing or food processing production line.

Rising Growth for Conveyor Roller Bearings in the Global Manufacturing Environment

In the recent past, significant growth has been witnessed in demand for the conveyor roller bearing from distinct manufacturing environments, ranging from food processing to automotive, or cold rooms (for instance, Ultracomp plastic bearings increased production for an ice cream manufacturer), to severe heavy-vibration manufacturing zones. The conveyor roller bearings have a cylindrical shape that carries heavy loads, distributing equal weight over a large surface area. These are also stated as cylinder rollers, capable of effortlessly handling radial (but not thrust) loads.

It is seen that the demand for conveyor bearing comprises from food packaging and processing to general material handling operations. These conveyor roller bearings can be stated as an integral part of any manufacturing floor. Food processing is a vital application of the conveyor bearings, where material selection can be severe implications to ensure maintenance needs, lifespan, performance, and more.

Conveyor Bearings Sector, by Material Outlook

Conveyor bearings are an essential component of any conveyor system used across several industrial sectors. Steel and plastic are the most commonly used materials for the manufacturing of conveyor bearings. Among these materials, steel leads the demand due to its versatile capabilities. Moreover, steel material accounts for heavy and/or large workloads, while plastic is used in lightweight workloads.

The end-users of conveyor bearings, such as food industries, opt for stainless steel roller bearings over plastic roller bearings, backed by several advantages, including corrosion-free and easy to clean. Moreover, there is a vast demand for steel-based conveyor bearings in the mining or construction industry to meet the need for higher capacity, larger size, and long-lasting strength. The materials' selection is based on the manufacturing environment in which the conveyor system functions, including the operation size, costs, and more. However, the continuous fluctuation in the current market conditions' steel prices is expected to reduce its preference for lightweight applications. In contrast, large-scale applications are expected to increase demand and consumption for steel-based conveyor bearings during the forecast period.

Global Conveyor Bearings Market Segmentation

The conveyor bearings market has been segmented into type, material, distribution channel, end user, and region.

• By Type (Ball, Roller)
• By Material (Steel, Plastic, Rubber, Others)
• By Distribution Channel (Online, Offline)
• By End User (Automotive, Aerospace, Food Processing, Marine, Oil & Gas, Robotics, Others)
• By Region (US, Canada, Mexico, UK, Germany, France, Italy, Spain, China, Japan, India, South Korea, South East Asia, Australia, Saudi Arabia, UAE, South Africa, Qatar, Nigeria, Israel, Brazil, Argentina, Peru)

Key Players Insights

The chief conveyor bearings manufacturers globally include AB SKF, Timken Company, BNL Bearings, NSK, Fersa Group, Frantz Manufacturing, CGR Roulements, Bridge Bearings, NKE Bearings, EBI Bearings, PRO-HAWK, Evolmec S.r.l., Igus GmbH, TriStar Plastics Corp., and Altra Industrial Motion Corp.

• In January 2021, SKF and CPS collaborated to strengthen conveyor roller technology and quality offerings to companies worldwide.
• In November 2020, NKE Austria manufactured single-row and deep groove conveyor ball bearings. They have optimized performance capabilities and longer service life than conventional bearings by reducing the entire conveyor system's downtime.

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