The global bearings market size was valued at $118.7 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 8.5 percent from 2021 to 2028, according to Grand View Research. With its widespread use in almost all the industries in the manufacturing ecosystem, especially those of machinery, automotive, Defence, aerospace, construction and even health, this factor is projected to drive the market in near future. Today, manufacturers are focused on the use of customized bearings to satisfy their expanding needs. Especially as new technologies and digitalization become more widely adopted so much, so that the growing need for customized bearing solutions that fulfill various industry-specific criteria, such as the developing EV sector, is expected to push the market even further. Further, strong policies that stimulate the industrial sector will also be a major reason for the bearing industry to grow.
Established in 1996, ZNL Bearings has a long history of successful 25 years in the bearings manufacturing market. “We have grown and developed over the years in terms of quality, profits, revenue, clientele and global presence. Starting with the UK, we now have customers in US and in more than 45 countries across the world and our products serve industries of power transmission, railways, automotive, construction and mining, agricultural; the best being the breakthrough in the Defence and air force industry for combat vehicles and helicopters”, speaks Danesh Shah, Chairman, ZNL Bearings. speaks Danesh Shah, Chairman, ZNL Bearings.
Speaking about some of the major requirements of the clients, ZNL Bearings highlights, Bearing quality, variety and price, Custom Bearings, Timely Order, Personalized Service, and more, hence knowing the customer’s expectations is vital to us. “At ZNL Bearings, we are consistent in the improvement of product designs for a better performance and energy efficiency, developing our technologies and making use of lightweight materials and components that help in both size and cost reduction. Our bearings are designed to withstand collisions, overloads, and high-speed excursions while remaining structurally sound. With ZNL's IATF-certified Quality & Testing facilities provide consistent quality, that you can count on at all times. Our application-specific experts and specialized research and development team can customize solutions for maximum performance and value”.
Celebrated for its Top-Notch Offerings
Having won recognitions in the global ball bearing market for its high quality precision friction solutions across almost every mobility application, ZNL Bearings has been revolutionizing its products and enhancing their infrastructure which has helped them by giving a boost to their long term trusted partnerships with the customers and suppliers. With the customized bearings production gaining momentum, the firm manufactures bespoke products that are ideally suited to fulfill the evolving needs and technological requirements of their customers.
“Owing to the brilliant team of experienced engineers and latest research methods adopted at ZNL Bearings, our annual production efficiency has been achieving new heights with products ranging from deep groove ball bearings to spherical roller E design type, full complement cylindrical roller bearings, taper bearings and many more, to the different heavy machines manufacturing our high demand products. Certified and registered for designing and manufacturing more than 2500 sizes of bearings, ZNL Bearings is committed to both qualities of its products & services and growth of its customers, fulfilling their needs at optimum level”, speaks Danesh.
Since 1996, today, ZNL Bearings is one of the leading companies in the Power Transmission Segment. Despite the pandemic, ZNL stood as a leader tackling all issues by rapidly digitizing processes to make the manufacturing process leaner and faster, implementing innovations in infrastructures and developing successful strategies to cover the losses incurred.
Highlighting on the major factors that set apart ZNL from the rest, Danesh Shah shares, “Our extensive vertical industry knowledge and experience across industries and locations inform how we create and solve issues for the world's most difficult applications. We are a global leader in friction management, metallurgy, and power transmission, and we work with a diverse set of customers around the world. Adding to this, we are IATF 16949:2016 and ISO 14001:2015 & 45001:2018 certified with a process-oriented quality, environment & safety. Quality Management System that ensures continuous improvement, defect prevention, and variation and waste reduction. We create great quality products with high performance acceptability in both Indian and international markets. ZNL is one of the most extensive inventories in the country and we provide competitive prices and the greatest service available in today's industry”, highlights Danesh.
The Path Ahead
The major turning point in the history of ZNL Bearings was in the year 2011-2012, during the time when the annual production capacity of the firm had almost doubled with the addition of world-class machinery, measuring instruments and man power that increased the volume of production tremendously and gained us recognition in the US market. Another major breakthrough was the manufacture and supply of our bearings for the Indian army’s T90 tanks, the most powerful tanks in the world. Some of the major credit to the success of ZNL Bearings goes to the skilled professionals are the firm who are continuously striving to meet the objectives of the organisation.
We are IATF 16949:2016 and ISO 14001:2015 & 45001:2018 certified with a process oriented quality, environment & safety. Quality Management System that ensures continuous improvement, defect prevention, and variation and waste reduction
“Our company's R&D team and the team of engineers are extremely knowledgeable and capable, working tirelessly at every stage of the manufacturing process. Whether it's sourcing the correct materials for the bearings, working on designs, or overseeing final manufacturing, our team handles each stage with equal attention and competence. Thanks to the brilliant teamwork, we have touched new milestones in the history of ZNL Bearings. We're stronger and more diverse than ever, and in a better position to succeed, with record sales and profitability to fuel our global expansion”, speaks Danesh.
In the years to come, India is going to be a super power, owing to the way how government policies are formed in India. Bearing industries future is bright because of Power Transmission industries future is bright. To add to this, leveraging tech has also benefitted the segment. The bearing business is not left behind as technology pervades all facets of our lives. As the customers' technology requirements are changing, the industry is adapting to meet them. Bearing manufacturers are seeing significant levels of innovation and technology breakthroughs, from helping clients fulfill efficiency goals, increase productivity, and reduce unplanned downtime and extended maintenance cycles. “In industrial applications, for example, Smart bearings that continuously measure and report their operational parameters enable clients to have even better control over the life cycle of their machinery, resulting in cheaper costs, more dependability, and increased machinery uptime. These better-designed and technologically efficient bearings are projected to open up a slew of new market prospects in crucial and high-tech applications”, adds Danesh.
In the years to come, ZNL Bearings is planning for vertical integration in to Power Transmission sector. The firm aspires to expand its capacity by 10 times by incorporating backward integration in the bearing process i.e. Heat Treatment plants which will be installed in company. ZNL Bearings is also looking forward to manufacturing Linear Guideways for newer industries in coming years.
