Artificial Intelligence
Europe Ball Bearings Market to Hit USD 5.50 billion by 2027; Rising Demand for Long-lasting Industrial Machine Components to Aid Market Growth: Fortune Business Insights™
Pune, Dec. 01, 2020 (GLOBE NEWSWIRE) — The Europe ball bearings market size is projected to reach USD 5.50 billion by 2027, exhibiting a CAGR of 1.9% during the forecast period. Introduction of Industry 4.0 technologies in the production of bearings will create huge opportunities in the market, observes Fortune Business Insights™ in its report, titled “Europe Ball Bearings Market Size, Share & COVID-19 Impact Analysis, By Product Type (Self Aligning Ball Bearings, Deep Grove Ball Bearings, Angular Contact Ball Bearings & Others), By Application (Automotive, Industrial machinery, Mining & Construction, Medical & Others), and Country Forecast, 2020-2027”. Smart manufacturing powered by Industry 4.0 technologies such as artificial intelligence (AI), machine learning (ML), and the internet of things (IoT) is gaining traction across Europe.
Click here to get the short-term and long-term impact of COVID-19 on this market.
Please visit: https://www.fortunebusinessinsights.com/europe-ball-bearings-market-104314
The main reasons behind the rapid adoption of intelligent technologies in the region is the increasing focus on enhancing workplace efficiency and productivity as well as establish environmentally sustainable manufacturing processes. Some of largest manufacturing companies in Europe are speedily deploying Industry 4.0 tools to produce industrial equipment. Schaeffler AG, for instance, has been utilizing a machine tool at its plant in Hoechstadt, Germany that is equipped with numerous sensors and is engaged in producing high-precision bearings. These roller bearings will, in turn, be used in operating the company’s machine tools. Similarly, in 2019, SKF installed Industry 4.0 technologies at its bearings plant in Italy to augment its innovation capabilities. Employment of smart technologies by European manufacturers will boost the ball bearings market growth in the region.
The sudden eruption of the COVID-19 pandemic has created a state of shock around the world. The global economy has been brought its knees, with businesses staring at an impending recession. Industries are experiencing a sharp downturn in activities, some suffering more than the others. We aim to equip businesses with a quantitative and qualitative impact analysis of the current pandemic on different markets, based on our expertise and experience in market intelligence.
According to the report, the value of the market stood at USD 4.92 billion in 2019. The highlights of the report include:
- In-depth understanding of the key market segments and their performance;
- Careful profiling of the major market players and detailed study of their main strategies;
- Comprehensive analysis of the different market drivers and challenges; and
- Granular study of the regional developments impacting the growth of the market.
Get Sample PDF Brochure: https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/europe-ball-bearings-market-104314
Driving Factor
Extensive Utilization of Ball Bearings in Automobiles to Support Market Growth
The Europe ball bearings market growth is anticipated to experience a stable trajectory owing to the extensive usage of bearings by automakers in the region. For example, the 2021 BMW M3 and M4 models feature lightweight wheel bearings with a higher camber range and a unique swivel bearing. European carmakers are also developing bearings for electric cars, although the bearing requirements for these vehicles are much lower compared to regular cars. For example, the Volkswagen Golf contains only 50 bearings. In general, ball bearings are widely used by the automotive industry to ensure smooth functioning of vehicles. In case of steering, for instance, bearings provide the necessary support to the steering unit, which runs from the cabin to the engine area. The indispensability of ball bearings in automobiles will enable stable growth of this market. More importantly, Europe is home to some of the largest automotive companies in the world and these companies are strengthening their products with next-gen automotive components, which favor this market.
Speak to Analyst: https://www.fortunebusinessinsights.com/enquiry/speak-to-analyst/europe-ball-bearings-market-104314
Regional Insights
Germany to be the Leading Country Backed by Advanced Manufacturing Technologies
At USD 1.64 billion in 2019, Germany is set to dominate the Europe ball bearings market share during the forecast period owing to the deployment of cutting-edge manufacturing technologies in the country. Moreover, the demand for efficient bearing solutions is steadily rising from various end-use industries such as food processing, construction, and pharmaceutical, creating conducive environment for the growth of the market in Germany.
In Italy and the United Kingdom, the adoption of advanced bearings is getting stoked by the growing intensity of operations in the mining, aerospace, and construction industries. On the other hand, the market in France is expected to undergo a period of dynamic growth on account of the increasing investments in businesses specializing in industrial machineries in the country.
Competitive Landscape
Key Players to Compete by Launching Innovative Offerings
With an aim to further entrench their position, key players in the market are engaged in an intense yet healthy competition. This competition is characterized by the frequent launch of innovative bearing products by the companies, which is not only diversifying their portfolios but is also allowing them to expand into untapped regional markets.
Industry Developments:
- June 2020: SKF announced an investment of SEK 400 million to set up a new ball bearing manufacturing plant in China. The investment is a part of the company’s strategic expansion in China’s manufacturing sector.
- July 2019: Schaeffler AG announced that it will be successively incorporation new rolling features in its entire 241-series spherical roller bearings with bore elements of 500mm and above. The new rollers will be more robust due to the optimized micro-geometry on the ends of the rollers.
List of Key Companies Profiled in the Europe Ball Bearings Market Report:
- THB Bearings (China)
- ISB Industries (Italy)
- Luoyang Huigong Bearing Technology Co. Ltd. (China)
- Myonic GmbH (Germany)
- NTN Bearing Corporation (United States)
- LYC Bearing Corporation (China)
- Nachi Fujikoshi Corp (Japan)
- NSK Ltd. (Japan)
Quick Buy – Europe Ball bearing Market Research Report: https://www.fortunebusinessinsights.com/checkout-page/104314
Detailed Table of Content:
- Introduction
- Definition, By Segment
- Research Methodology/Approach
- Data Sources
- Key Takeaways
- Market Dynamics
- Macro and Micro Economic Indicators
- Drivers, Restraints, Opportunities and Trends
- Impact of COVID-19
- Short-term Impact
- Long-term Impact
- Competition Landscape
- Business Strategies Adopted by Key Players
- Consolidated SWOT Analysis of Key Players
- PESTLE Analysis
- Porter’s Five Force Analysis
- Supply chain Analysis
- Europe Ball Bearings Market Share Analysis and Matrix, 2019
- Key Market Insights and Strategic Recommendations
- Profiles of Key Players (Would be provided for 10 players only)
- Overview
- Key Management
- Headquarters etc
- Offerings/Business Segments
- Key Details (Key details are subjected to data availability in public domain and/or on paid databases)
- Employee Size
- Key Financials
- Past and Current Revenue
- Gross Margin
- Geographical Share
- Business Segment Share
- Recent Developments
- Overview
- Primary Interview Responses
- Annexure / Appendix
- Europe Ball Bearings Market Size Estimates and Forecasts (Quantitative Data), By Segments, 2016-2027
- By Product Type (Value)
- Self-aligning Ball Bearings
- Deep Groove Ball Bearings
- Angular Contact Ball Bearings
- Others (Thrust Bearings, etc.)
- By Application (Value)
- Automotive
- Industrial machinery
- Mining & Construction
- Medical
- Others (Aerospace, etc.)
- By Country (Value)
- United Kingdom
- Germany
- France
- Switzerland
- Italy
- Rest of Europe
- By Product Type (Value)
- Europe Ball Bearings Market Size Estimates and Forecasts (Quantitative Data), By Segments, 2016-2027
Get your Customized Research Report: https://www.fortunebusinessinsights.com/enquiry/customization/europe-ball-bearings-market-104314
Have a Look at Related Research Insights:
Needle Roller Bearings Market Size, Share & Industry Analysis, By Type (Radial Needle Roller, Drawn Cup Needle Roller, Heavy-duty Needle Roller, Track Roller, Thrust Needle Roller, Combined Radial, Drawn Cup Roller), By Application (Automotive, Heavy Machinery, Aerospace & Defence, Medical Devices, Others) Others and Regional Forecast, 2019-2026
Cross Roller Bearings Market Size, Share and Industry Analysis by Type (Single Inner and Split Outer Ring, Split Inner and Single Outer Ring, Others), By Dimension (18 to 50mm, 50 to 150mm, 150 to 250 mm, 250 to 400 mm, 400 to 630 mm, 630 to 800 mm, >800 mm), By Industrial Vertical (Industrial Machinery, Medical Systems, Robotics, Semiconductor Manufacturing Equipment) and Regional Forecast 2019-2026
Roller Bearings Market Size, Share and Industry Analysis By Product Type (Tapered, Spherical, Cylindrical, Others), By Application (Automotive, Industrial Machinery, Aerospace, Others) and Regional Forecast, 2019 – 2026
About Us:
Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.
Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data.
At Fortune Business Insights™, we aim at highlighting the most lucrative growth opportunities for our clients. We therefore offer recommendations, making it easier for them to navigate through technological and market-related changes. Our consulting services are designed to help organizations identify hidden opportunities and understand prevailing competitive challenges.
Contact Us:
Fortune Business Insights™ Pvt. Ltd.
308, Supreme Headquarters,
Survey No. 36, Baner,
Pune-Bangalore Highway,
Pune – 411045, Maharashtra, India.
Phone:
US: +1-424-253-0390
UK: +44-2071-939123
APAC: +91-744-740-1245
Email: [email protected]
Fortune Business Insights™
LinkedIn | Twitter | Blogs
Artificial Intelligence
Ancoris Recognised as Top Place to Work for Second Year Running by The Sunday Times
Ancoris recognised for fostering a sense of empowerment and respect within the workplace91% of Ancoris employees feel empowered at work93% of employees say that are treated with respectLONDON, May 21, 2024 /PRNewswire/ — Ancoris, a UK-based Google Cloud services provider, has been named a Top Medium Business in The Sunday Times 2024 Best Places to Work list. The accolade has been awarded for the second year in a row, and recognises Ancoris’ focus on DEI; its commitment to empowerment, reward, and recognition; and its wellbeing policies and frameworks.
“I am so pleased to see Ancoris recognised, once again, as a top place to work!” says Andre Azevedo, Ancoris CEO. “Ancoris is a place where we try our best to foster collaboration, empowerment, innovation, and respect – so to have our employees echo this and respond in the way they have is amazing.”
The Sunday Times survey captured Ancoris employees’ responses in a number of categories: Reward and Recognition, Information Sharing, Empowerment, Wellbeing, Instilling Pride, and Job Satisfaction. The independently managed survey showed Ancoris scoring “excellent” across all six engagement categories, with top scores in Empowerment, Wellbeing, Reward & Recognition. In response, 93% of employees say they are treated with respect; 92% feel trusted and able to make decisions; and 91% of employees feel empowered at work.
“We’ve seen a lot of change over the last 12 months. The rise of Generative AI has caused shifts in our market and economic conditions are causing customers to really qualify where they make technology investments. These pivots undoubtedly have an impact on our employees and how people feel at work,” Azevedo continues. “I truly believe, however, the innovative work we are doing for our customers has helped us maintain and create an even stronger sense of collaboration and pride for our team members. We’re lucky to have so many smart people within our business, so continuing to give them interesting, challenging, and rewarding problems to solve for our customers is really key.”
About AncorisAncoris is a leading Google Cloud Services Provider, headquartered in the UK, on a mission to become the most innovative Google Cloud partner in the ecosystem. Ancoris leverages its strong problem solving skills and continuous improvement approach to help customers become AI Native and stay ahead of their competition. Ancoris has extensive experience in Google Cloud technologies helping enterprises integrate AI-native solutions into their business through expertise in Data & AI, Application and Infrastructure Modernisation, Workspace, and Maps. Ancoris was recognized as a Rising Star for Data, Analytics, and Machine Learning in the ISG Provider™ Lens for Google Cloud Partner Ecosystem in 2022 and 2023 consecutively, and awarded Google Cloud’s 2024 EMEA Public Sector Partner of the Year award. Ancoris employs the best in the business and was named in the Top 10 Sunday Times Best Places to Work 2023, and a Top Place to Work in 2024.
Contact: Holly [email protected]
Photo – https://mma.prnewswire.com/media/2417995/Ancoris_Sunday_Times.jpgLogo – https://mma.prnewswire.com/media/2099949/4717512/Ancoris_Logo.jpg
View original content to download multimedia:https://www.prnewswire.co.uk/news-releases/ancoris-recognised-as-top-place-to-work-for-second-year-running-by-the-sunday-times-302151325.html
Artificial Intelligence
Department of Health – Abu Dhabi Partners with Roche Pharmaceuticals Middle East to Elevate Research, Clinical Trials, and Real-World Data
ABU DHABI, UAE, May 21, 2024 /PRNewswire/ — The Department of Health – Abu Dhabi (DoH), the regulator of the healthcare sector in the Emirate, signed a Memorandum of Understanding (MoU) with Roche Pharmaceuticals Middle East during Abu Dhabi Global Healthcare Week (ADGHW). Under the MoU, the two entities will advance critical research using real-world data to study and assess the spinal muscular atrophy burden in Abu Dhabi, as well as assessing potential conduction of research and the facilitation of real-world data collection to monitor Duchenne Muscular Dystrophy (DMD) disease.
In the presence of Dr. Rashed Alsuwaidi, the Executive Director of the Healthcare Workforce Planning Sector at DoH and Michael Oberreiter, Head of Global Access at Roche Pharmaceuticals, the MoU was signed by Dr. Asma Al Mannaei, the Executive Director of the Research and Innovation Centre at DoH and Mohamed Elshaarawy, General Manager Roche Pharmaceuticals, UAE.
Dr. Asma Ibrahim Al Mannaei, Executive Director of the Research and Innovation Center at the at DoH said: “Abu Dhabi has a track record of excellence and fast-growing, future-forward, data-enabled services. Serving as a hub for healthcare data, Abu Dhabi’s substantial computing power enables it to harness the potential within this data, transforming it into valuable information. This, in turn, allows us to innovate and develop novel approaches to shift healthcare towards prediction, prevention, and treatment, thereby accelerating the future of healthcare, not only for Abu Dhabi but for the global community. Through international collaborations, Abu Dhabi seeks to lead research groups supported by global partners to explore the resilience and sustainability of the healthcare sector worldwide as well as expand access to quality care for patients around the world.”
The two entities will work together to support the evolution of real-world data collection frameworks in Abu Dhabi. Enhancing DoH’s ability to track and monitor outcomes of therapies will support DoH in making informed clinical and policy decisions for better optimisation of patient outcomes. Furthermore, DoH and Roche will strengthen the research network across Abu Dhabi and improve accrual for potential clinical trials.
Mohamed Elshaarawy, General Manager Roche Pharmaceuticals, UAE said: “This MoU underscores our collaboration with the DoH which is fuelled by a shared vision of harnessing the power of data to drive informed decision-making within the healthcare system. Data-driven healthcare systems hold immense potential to revolutionise patient care and outcomes. Through the generation, utilisation, and realisation of data, healthcare professionals and policymakers can unlock valuable insights, identify trends, and make evidence-based decisions. This data-driven approach enables us to optimise resource allocation, personalise treatment approaches, and ultimately achieve better patient outcomes. By harnessing the full potential of data, we can improve the overall efficiency and effectiveness of the healthcare system, ensuring that every patient receives the highest quality of care tailored to their specific needs. We are sincerely grateful for the trust, confidence, and empowerment the DoH has placed in establishing this effective public-private partnership with Roche in the UAE.”
Held under the patronage of His Highness Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Chairman of Abu Dhabi Executive Council, ADGHW is a major government initiative by the DoH, which took place from the 13th -15th May 2024.
For more information please visit: https://www.adghw.com/
About Department of Health – Abu Dhabi (DoH):
The DoH is the regulatory body of the healthcare sector at the Emirate of Abu Dhabi and ensures excellence in healthcare by monitoring the health status of the population. DoH defines the strategy for the health system, monitors and analyses the health status of the population and performance of the system. In addition, DoH shapes the regulatory framework for the health system, inspects against regulations, enforce standards, and encourages adoption of world-class best practices and performance targets by all healthcare service providers in the Emirate. DoH also drives programmes to increase awareness and adoption of healthy living standards among the residents of the Emirate of Abu Dhabi in addition to regulating scope of services, premiums and reimbursement rates of the health system.
For further information on DoH, visit https://www.doh.gov.ae/ and follow on X, Instagram, Facebook, LinkedIn and YouTube.
Photo – https://mma.prnewswire.com/media/2417975/DoH_Partners_with_Roche_Pharmaceuticals.jpg
View original content:https://www.prnewswire.co.uk/news-releases/department-of-health–abu-dhabi-partners-with-roche-pharmaceuticals-middle-east-to-elevate-research-clinical-trials-and-real-world-data-302151316.html
Artificial Intelligence
Biopharma Leaders Shape the Future of Drug Development at Veeva R&D and Quality Summit Europe
Ascendis, Bayer, Boehringer Ingelheim, Jazz Pharmaceuticals, Novo Nordisk, Sanofi, and Teva to keynote sharing innovations to drive better patient outcomes
BARCELONA, Spain, May 21, 2024 /PRNewswire/ — Veeva Systems (NYSE: VEEV) today announced that leaders from Ascendis Pharma A/S, Bayer, Boehringer Ingelheim, Jazz Pharmaceuticals, Novo Nordisk, Sanofi, and Teva will be keynote speakers at Veeva R&D and Quality Summit, Europe, June 4-5 in Madrid, Spain. Life sciences professionals across the industry will come together to share how connected technologies across clinical, regulatory, safety, and quality are advancing innovations for patients.
As one of the largest gatherings of biopharma leaders in Europe, Veeva R&D and Quality Summit will bring together over 1,000 industry professionals to share learnings across more than 100 sessions. Bayer and Jazz Pharmaceuticals will join Rik Van Mol, senior vice president of Veeva Development Cloud, and Avril England, general manager of Veeva Vault, for the opening keynote to explore the future of development for new medicines and therapies.
The event’s zone keynotes include:
Ascendis and Bayer, sharing strategies to reduce costs and accelerate trials with a connected platform.Boehringer Ingelheim, detailing its shift toward data-centric regulatory information management.Novo Nordisk, showing how it uses data and AI to transform clinical research.Sanofi, explaining its innovative approach to advance quality through operational excellence.Teva, providing insight into its rapid journey from disparate safety systems into one streamlined global solution.A panel with Elpida Therapeutics CEO Terry Pirovolakis and Veeva experts will close the event with a discussion on how the industry can best accelerate the development of life-saving rare disease gene therapies.
“Connecting clinical, regulatory, safety, and quality is key to advancing the product lifecycle and delivering better outcomes for patients,” says Rik Van Mol, senior vice president of Veeva Development Cloud. “At Veeva R&D and Quality Summit, biopharma leaders can connect, exchange ideas, and share new strategies to advance the industry forward together.”
Veeva R&D and Quality Summit is open exclusively to life sciences professionals. Register and review the agenda at veeva.com/eu/Summit.
Additional InformationConnect with Veeva on LinkedIn: linkedin.com/company/veeva-systems
About Veeva SystemsVeeva is the global leader in cloud software for the life sciences industry. Committed to innovation, product excellence, and customer success, Veeva serves more than 1,000 customers, ranging from the world’s largest biopharmaceutical companies to emerging biotechs. As a Public Benefit Corporation, Veeva is committed to balancing the interests of all stakeholders, including customers, employees, shareholders, and the industries it serves. For more information, visit veeva.com/eu.
Veeva Forward-looking StatementsThis release contains forward-looking statements regarding Veeva’s products and services and the expected results or benefits from use of our products and services. These statements are based on our current expectations. Actual results could differ materially from those provided in this release and we have no obligation to update such statements. There are numerous risks that have the potential to negatively impact our results, including the risks and uncertainties disclosed in our filing on Form 10-K for the fiscal year ended January 31, 2024, which you can find here (a summary of risks which may impact our business can be found on pages 9 and 10), and in our subsequent SEC filings, which you can access at sec.gov.
Contact:
Jeremy WhittakerVeeva [email protected]
Logo – https://mma.prnewswire.com/media/1488285/Veeva_Systems_Logo.jpg
View original content:https://www.prnewswire.co.uk/news-releases/biopharma-leaders-shape-the-future-of-drug-development-at-veeva-rd-and-quality-summit-europe-302150491.html
-
Uncategorized7 days ago
Artificial intelligence tool detects sex-related differences in brain structure
-
Artificial Intelligence5 days ago
Japan Data Center Market Investment to Reach $14.48 Billion by 2028 – Watch Out Exclusive Insight on Japan & Hong Kong Data Center Market – Arizton
-
Uncategorized6 days ago
Google to roll out AI-generated summaries at top of search engine
-
Uncategorized4 days ago
Coca-Cola: The future is ‘AI meets human ingenuity’
-
Artificial Intelligence5 days ago
Strava Unveils New Chapter of Accelerated Product Development at Brand’s Flagship Event
-
Artificial Intelligence5 days ago
Data Center Colocation Market Worth USD 58.4 Billion to 2031 – Exclusive Report by InsightAce Analytic Pvt. Ltd.
-
Artificial Intelligence4 days ago
More than $9 Million Awarded to High School Scientists and Engineers at the Regeneron International Science and Engineering Fair 2024
-
Artificial Intelligence6 days ago
IBM Expands Qiskit, World’s Most Performant Quantum Software