+353-1-416-8900REST OF WORLD
+44-20-3973-8888REST OF WORLD
1-917-300-0470EAST COAST U.S
1-800-526-8630U.S. (TOLL FREE)

Bearings - Global Strategic Business Report

  • PDF Icon

    Report

  • 791 Pages
  • March 2024
  • Region: Global
  • Global Industry Analysts, Inc
  • ID: 338754
The global market for Bearings is estimated at US$108.6 Billion in 2023 and is projected to reach US$173.2 Billion by 2030, growing at a CAGR of 6% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.

Key Insights:

  • Market Growth: Understand the significant growth trajectory of the Roller Bearings segment, which is expected to reach US$79.3 Billion by 2030 with a CAGR of 6.6%. The Ball Bearings segment is also set to grow at 5.7% CAGR over the next 8 years.
  • Regional Analysis: Gain insights into the U.S. market, estimated at $18.1 Billion in 2023, and China, forecasted to grow at an impressive 8.7% CAGR to reach $54.8 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.

Why You Should Buy This Report:

  • Detailed Market Analysis: Access a thorough analysis of the Global Bearings Market, covering all major geographic regions and market segments.
  • Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
  • Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Bearings Market.
  • Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.

Key Questions Answered:

  • How is the Global Bearings Market expected to evolve by 2030?
  • What are the main drivers and restraints affecting the market?
  • Which market segments will grow the most over the forecast period?
  • How will market shares for different regions and segments change by 2030?
  • Who are the leading players in the market, and what are their prospects?

Report Features:

  • Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
  • In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
  • Company Profiles: Coverage of major players such as Harbin Bearing Manufacturing Co., Ltd., HKT Bearings Ltd., igus® GmbH, and more.
  • Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.

Select Competitors (Total 238 Featured):

  • Harbin Bearing Manufacturing Co., Ltd.
  • HKT Bearings Ltd.
  • igus® GmbH
  • JTEKT Corporation
  • MinebeaMitsumi, Inc.
  • Misumi USA
  • myonic GmbH
  • Nachi-Fujikoshi Corp.
  • NSK Ltd.
  • NTN Corporation
  • RBC Bearings, Inc.
  • Regal Rexnord Corporation
  • Rubix Group International Limited
  • Schaeffler AG
  • SKF Group
  • SNL Bearings Limited
  • Tenneco Inc.
  • The Timken Company
  • Thk Co. Ltd.
  • Wafangdian Bearing Group Corp., Ltd.

MarketGlass Platform

Our reports are enhanced by the MarketGlass platform, which brings together industry experts and influencers to provide high-quality, accurate insights. This unique platform allows us to gather comprehensive data and market perspectives, ensuring you receive the most reliable and detailed analysis available.

Table of Contents

I. METHODOLOGYII. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
  • Bearings: Vital Anti-Friction Parts in Modern Mechanical Machinery
  • Global Economic Update
  • Competition
  • Bearings - Global Key Competitors Percentage Market Share in 2023 (E)
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2023 (E)
  • Bearings: Major Types & Applications
  • Recent Market Activity
  • Innovations
  • World Brands
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
  • Salient Trends Favoring Steady Growth in Global Bearing Industry
  • Spotlight on China as a Major Market for Bearings
  • Are Bearings Ready for Industry 4.0?
  • Predictive Maintenance as the Hallmark of IIoT Drives Focus on Smart Bearings
  • Market to Witness Unconventional Growth for Smart Bearings as Adoption of Predictive Analytics in Failure & Maintenance Rises on the Back of IIoT: Global Breakdown of Investments in Manufacturing IoT (in US$ Billion) for the Years 2020, 2022, 2024, and 2026
  • Bright Outlook for Automotive Bearings
  • Global Motor Vehicle Production in Million Units: 2017-2023
  • Automotive Bearings Market & Its Dynamics
  • Focus on Lightweighting Boosts Demand for Light Weight Bearings
  • Engineering Interest in Lightweighting Drives Focus on Innovative Lightweight Bearings: Global Automotive Lightweight Materials Market (In US$ Billion) for the Years 2022, 2024 & 2026
  • Strong Outlook for Automotive Aftermarket to Benefit Demand for Bearings
  • Exciting Times Ahead for Bearings with Emerging Trends in Automotive Industry
  • Bearings Industry Faces a New Challenge amid EV Boom & Recovery in Automotive Industry
  • World Electric Vehicles (EVs) Market Analysis of Annual Sales in '000 Units for Years 2020, 2022, 2024, 2026
  • Electric Powertrain: A Buzzing Automotive Trend Triggering Advances for Bearings
  • New Solutions at Fore to Avoid Electrical Erosion of Ball Bearings in Electric Drivetrain
  • High-Speed Bearings Racing Ahead to Optimize Power Density in Electric Powertrains
  • Lighter, Smarter Transport Vehicles to Ushers in Opportunities for Innovative 3D Printed & Smart Bearing Solutions in Railway & Aerospace Industries
  • Steady Recovery in Commercial Aviation Provides the Foundation for a Stronger Outlook for the Market Through 2025
  • The Much Awaited Recovery of the Commercial Aviation Sector to Spur Opportunities for Propeller Manufacturers: Global Aviation Sector Service Revenues (In US$ Billion) for Years 2018 through 2024
  • Construction Industry Prospects to Have an Impact on the Bearings Market
  • Home Renovations & Need for Better Buildings for Post Pandemic Living to Spur Opportunities in the Construction Sector
  • Improved Growth in Metals & Mining Industry amid Headwinds to Drive Demand
  • Strong Outlook for Autonomous Farm Equipment to Benefit Demand in the Agriculture End-Use Segment
  • Growing Use of Autonomous Farm Equipment Expands the Addressable Market Opportunity for Bearings in the Agriculture End-Use Sector: Global Opportunity for Autonomous Farm Equipment (In US$ Billion) for Years 2021, 2023, 2025 and 2027
  • Continuous Innovation Remains Crucial for Market Growth
  • Focus on Lightweighting Has Manufacturers Looking Beyond Steel
4. GLOBAL MARKET PERSPECTIVE
  • Table 1: World Bearings Market Analysis of Annual Sales in US$ Million for Years 2014 through 2030
  • Table 2: World Recent Past, Current & Future Analysis for Bearings by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
  • Table 3: World Historic Review for Bearings by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
  • Table 4: World 16-Year Perspective for Bearings by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets for Years 2014, 2024 & 2030
  • Table 5: World Recent Past, Current & Future Analysis for Roller Bearings by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
  • Table 6: World Historic Review for Roller Bearings by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
  • Table 7: World 16-Year Perspective for Roller Bearings by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
  • Table 8: World Recent Past, Current & Future Analysis for Ball Bearings by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
  • Table 9: World Historic Review for Ball Bearings by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
  • Table 10: World 16-Year Perspective for Ball Bearings by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
  • Table 11: World Recent Past, Current & Future Analysis for Other Products by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
  • Table 12: World Historic Review for Other Products by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
  • Table 13: World 16-Year Perspective for Other Products by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
  • Table 14: World Recent Past, Current & Future Analysis for Automotive by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
  • Table 15: World Historic Review for Automotive by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
  • Table 16: World 16-Year Perspective for Automotive by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
  • Table 17: World Recent Past, Current & Future Analysis for Mining & construction by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
  • Table 18: World Historic Review for Mining & construction by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
  • Table 19: World 16-Year Perspective for Mining & construction by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
  • Table 20: World Recent Past, Current & Future Analysis for Railway & Aerospace by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
  • Table 21: World Historic Review for Railway & Aerospace by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
  • Table 22: World 16-Year Perspective for Railway & Aerospace by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
  • Table 23: World Recent Past, Current & Future Analysis for Agriculture by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
  • Table 24: World Historic Review for Agriculture by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
  • Table 25: World 16-Year Perspective for Agriculture by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
  • Table 26: World Recent Past, Current & Future Analysis for Electrical by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
  • Table 27: World Historic Review for Electrical by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
  • Table 28: World 16-Year Perspective for Electrical by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
  • Table 29: World Recent Past, Current & Future Analysis for Other Applications by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
  • Table 30: World Historic Review for Other Applications by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
  • Table 31: World 16-Year Perspective for Other Applications by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
III. MARKET ANALYSIS
UNITED STATES
  • Bearings Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2024 (E)
  • A Peek into the US Ball Bearing Market
  • US Ceramic Ball Bearing Market
  • Competition
  • Single-Source Supply Trend
CANADA
  • Bearings Industry: An Insight
  • Canadian Ball Bearing Market Overview
JAPAN
  • Bearings Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2024 (E)
  • Competition
CHINA
  • Bearings Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2024 (E)
  • China: A Frontrunner in the Bearings Industry
EUROPE
  • Bearings Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2024 (E)
  • Market Overview
  • Competition
FRANCE
  • Bearings Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2024 (E)
GERMANY
  • Bearings Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2024 (E)
ITALY
UNITED KINGDOM
  • Bearings Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2024 (E)
  • Tapered Roller Bearings Dominate the Roller and Needle Bearings Market
  • UK Market for Roller and Needle Bearings by Type (2020): Percentage Breakdown of Value Sales for Tapered, Cylindrical, Spherical and Needle
SPAINRUSSIAREST OF EUROPE
ASIA-PACIFIC
  • Bearings Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2024 (E)
AUSTRALIA
  • Bearings Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Australia for 2024 (E)
INDIA
  • Bearings Market Presence - Strong/Active/Niche/Trivial - Key Competitors in India for 2024 (E)
  • Indian Bearings Industry: At a Glance
  • Industry Structure
  • Growth Drivers
  • Challenges
  • Market Overview
  • Competitive Scenario
  • Indian Bearings Market (2020): Market Share Breakdown by Leading Companies
  • Leading Bearing Manufacturers in India
  • Organized Sector Rules Domestic Bearings Production
  • Indian Bearings Market (2020): Percentage Share Breakdown by Sector for Organized, Unorganized, and Imports
  • Imports Account for a Prominent Share
  • Automotive: The Major Application Segment
  • Competition from Chinese Bearings
  • Automotive Bearing Exports: An Insight
  • Brief Note on Other Application Segments
SOUTH KOREAREST OF ASIA-PACIFIC
LATIN AMERICA
  • Bearings Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Latin America for 2024 (E)
  • Brief Overview
ARGENTINABRAZILMEXICOREST OF LATIN AMERICA
MIDDLE EAST
  • Bearings Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Middle East for 2024 (E)
AFRICA
  • Bearings Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Africa for 2024 (E)
IV. COMPETITION

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • Harbin Bearing Manufacturing Co., Ltd.
  • HKT Bearings Ltd.
  • igus® GmbH
  • JTEKT Corporation
  • MinebeaMitsumi, Inc.
  • Misumi USA
  • myonic GmbH
  • Nachi-Fujikoshi Corp.
  • NSK Ltd.
  • NTN Corporation
  • RBC Bearings, Inc.
  • Regal Rexnord Corporation
  • Rubix Group International Limited
  • Schaeffler AG
  • SKF Group
  • SNL Bearings Limited
  • Tenneco Inc.
  • The Timken Company
  • Thk Co. Ltd.
  • Wafangdian Bearing Group Corp., Ltd.

Table Information