Crossed roller bearings have been gaining popularity in recent years due to their impressive load-carrying capacity and precision. These bearings use cylindrical rollers arranged in a V-shaped pattern to support heavy loads, while also maintaining accuracy and stability. This makes them ideal for use in applications such as robotics, medical equipment, and machine tools.
The global crossed roller bearings market is expected to grow at a CAGR of 5.4% during the period 2020-2027, according to a recent report by Allied Market Research. The report also highlights the increasing demand for high-precision and lightweight bearings in various industries, which is driving the growth of the market.
One of the major drivers of the crossed roller bearings market is the rise in the use of industrial robots. According to the International Federation of Robotics, the global sales of industrial robots increased by 16% in 2018, reaching a new record of 422,000 units. Crossed roller bearings are an essential component in the construction of these robots, as they provide high accuracy and stability for the robot's movement.
Another key factor driving the growth of the crossed roller bearings market is the increasing demand for medical equipment. The expanding healthcare industry, coupled with the growing elderly population, has led to an increase in demand for high-precision medical equipment. Crossed roller bearings are widely used in medical equipment such as CT scanners, MRI machines, and surgical robots.
Moreover, the growth of the machine tools industry is also contributing to the growth of the crossed roller bearings market. Machine tools are used in various industries such as automotive, aerospace, and defense, among others. Crossed roller bearings are widely used in these machines, as they provide high accuracy and stability, which is essential for the precision machining of parts.
In conclusion, the crossed roller bearings market is set to experience significant growth over the next few years, driven by the increasing demand for high-precision and lightweight bearings in various industries. As the use of industrial robots, medical equipment, and machine tools continues to rise, the demand for crossed roller bearings is likely to increase as well.