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Bearings Market Size, Share & Trends Analysis Report by Product, by Application (Automotive, Agriculture, Electrical, Mining & Construction, Railway & Aerospace, Automotive Aftermarket), by Region, and Segment Forecasts, 2021-2028

  • ID: 4761201
  • Report
  • April 2021
  • Region: Global
  • 80 pages
  • Grand View Research

FEATURED COMPANIES

  • Brammer PLC
  • JTEKT Corporation
  • NSK Global
  • RBC Bearings Inc.
  • RHP Bearings
  • SKF Corporation
  • MORE
The global bearings market size is expected to reach USD 226.8 billion by 2028, registering a CAGR of 8.5% over the forecast period. Bearings are essential in almost every application that involves motion, and they help minimize friction between different mechanical components in several industrial machinery and equipment, resulting in reduced energy consumption. Hence, this machine element finds application in all industries, ranging from automobiles, household appliances, and aerospace to industrial machinery, using machinery or related motor-driven linkages.



The market is estimated to witness considerable growth in the forthcoming years, ascribed to the aim to achieve energy efficiency. Energy-saving and bearings go hand-in-hand. The main objective of this element is saving energy by reducing friction, be it during the rotation of shafts of a transmission or the wheel of a vehicle. Additionally, the rising demand for commercial vehicles is expected to catapult the demand from the automotive sector across the world.

Technological advancements including smart bearings, development of advanced materials and lubricants, and integrating sensor units, are anticipated to provide high growth potential to the market. With the objective of enhancing performance, vendors are incorporating sensor units of the product. Sensor units help digital monitoring of rotation speed, axial movement, load-carrying capacity acceleration, and deceleration. These units are presently being used in conveyors forklifts, road rollers, and electric motors. Furthermore, the integration of IoT capabilities facilitates manufacturers to monitor operations constantly.

The market is mature with a dynamic demand closely related to the state of engineering industries and capital goods. Companies are offering integrated products that significantly decrease the number of bearings that go into an assembled product and reduce the overall cost of equipment. This in turn is also increasing the shelf-life and reliability of the product. Product manufacturers are increasingly investing in R&D to address the intensifying competition by providing innovative products.

Bearings Market Report Highlights
  • The development of cost-effective wind energy generating product has resulted in their increased espousal within wind turbine applications that aid in increasing energy production, reduce lubricant consumption, and enhancing turbine performance and reliability
  • The roller bearings segment is anticipated to emerge as the largest product segment by 2028 ascribed to their ability to carry heavy loads and shock or impact loading
  • The railway and aerospace segment is estimated to witness the fastest CAGR of over 10.0% over the foreseeable years, due to their growing demand in applications such as shock absorbers, gearboxes, doors, and tilting mechanisms to name a few
  • Asia Pacific is anticipated to witness the fastest CAGR of over 9.0% by 2028. This can be attributed to the increased demand for fuel-efficient passenger vehicles, industrialization, and infrastructure development in various countries such as China, India, and Japan
  • Various leading companies are investing in high-level R&D to come up with innovative solutions. These solutions are focused on being cost-effective as well as on enhancing the overall quality of the end-product
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • Brammer PLC
  • JTEKT Corporation
  • NSK Global
  • RBC Bearings Inc.
  • RHP Bearings
  • SKF Corporation
  • MORE

Chapter 1. Methodology and Scope
1.1. Market Segmentation & Scope
1.2. Market Definition
1.3. Information Procurement
1.3.1. Purchased Database
1.3.2. Internal Database
1.3.3. Secondary Sources & Third-Party Perspectives
1.3.4. Primary Research
1.4. Information Analysis
1.4.1. Data Analysis Models
1.5. Market Formulation & Data Visualization
1.6. Data Validation & Publishing

Chapter 2. Executive Summary
2.1. Market Outlook
2.2. Segmental Outlook

Chapter 3. Market Variable, Trends & Scope
3.1. Market Lineage Outlook
3.1.1. Parent Market Outlook
3.1.2. Related/ Ancillary Market Outlook
3.2. Bearings Market Dynamics
3.2.1. Market Driver Analysis
3.2.2. Market Restraint Analysis
3.2.3. Market Opportunity Analysis
3.3. Penetration & Growth Prospect Mapping
3.4. Bearings Market Industry Analysis - Value Chain
3.5. Bearings Market Industry Analysis - Porter’s
3.5.1. Supplier Power
3.5.2. Buyer Power
3.5.3. Substitution Threat
3.5.4. Threat of New Entrants
3.5.5. Competitive Rivalry
3.6. Bearings Market Industry Analysis - PEST
3.6.1. Political & Legal Landscape
3.6.2. Environmental Landscape
3.6.3. Social Landscape
3.6.4. Product Landscape

Chapter 4. Bearings Market: Product Outlook
4.1. Bearings Market: Product Analysis
4.1.1. Ball Bearings
4.1.1.1. Deep Groove Bearing
4.1.1.2. Others
4.1.2. Roller Bearings
4.1.2.1. Split
4.1.2.2. Tapered
4.1.2.3. Others
4.1.3. Others

Chapter 5. Bearings Market: Application Outlook
5.1. Bearings Market: Application Analysis
5.1.1. Automotive
5.1.2. Agriculture
5.1.3. Electrical
5.1.4. Mining & Construction
5.1.5. Railway & Aerospace
5.1.6. Automotive Aftermarket
5.1.7. Others

Chapter 6. Bearings Market: Regional Outlook
6.1. Bearings Market Share By Region, 2020 & 2028
6.2. North America
6.2.1. U.S.
6.2.2. Canada
6.3. Europe
6.3.1. U.K.
6.3.2. Germany
6.3.3. France
6.3.4. Italy
6.3.5. Eastern Europe
6.4. Asia Pacific
6.4.1. China
6.4.2. India
6.4.3. Japan
6.5. Latin America
6.5.1. Brazil
6.5.2. Mexico
6.6. Middle East & Africa

Chapter 7. Competitive Analysis
7.1. Recent Developments & Impact Analysis, by Key Market Participants
7.2. Company/ Competition Categorization (Key Innovators, Market Leaders, Emerging Players)
7.3. Vendor Landscape
7.3.1. Key Company Analysis, 2020
7.4. Company Analysis
7.4.1. Company Market Position Analysis
7.4.2. Competitive Dashboard Analysis

Chapter 8. Competitive Landscape
8.1. Brammer PLC
8.1.1. Company overview
8.1.2. Financial Performance
8.1.3. Product benchmarking
8.1.4. Recent developments
8.2. Harbin Bearing Manufacturing Co., Ltd.
8.2.1. Company overview
8.2.2. Financial Performance
8.2.3. Product benchmarking
8.2.4. Recent developments
8.3. HKT Bearings Ltd.
8.3.1. Company overview
8.3.2. Financial Performance
8.3.3. Product benchmarking
8.3.4. Recent developments
8.4. JTEKT Corporation
8.4.1. Company overview
8.4.2. Financial Performance
8.4.3. Product benchmarking
8.4.4. Recent developments
8.5. NBI Bearings Europe
8.5.1. Company overview
8.5.2. Financial performance
8.5.3. Product benchmarking
8.5.4. Recent developments
8.6. NSK Global
8.6.1. Company overview
8.6.2. Financial Performance
8.6.3. Product benchmarking
8.6.4. Recent developments
8.7. NTN Corporation
8.7.1. Company overview
8.7.2. Financial Performance
8.7.3. Product benchmarking
8.7.4. Recent developments
8.8. RBC Bearings Inc.
8.8.1. Company overview
8.8.2. Financial Performance
8.8.3. Product benchmarking
8.8.4. Recent developments
8.9. Rexnord Corporation
8.9.1. Company overview
8.9.2. Financial Performance
8.9.3. Product benchmarking
8.9.4. Recent developments
8.10. RHP Bearings
8.10.1. Company overview
8.10.2. Financial Performance
8.10.3. Product benchmarking
8.10.4. Recent development s
8.11. Schaeffler Group
8.11.1. Company overview
8.11.2. Financial Performance
8.11.3. Product benchmarking
8.11.4. Recent developments
8.12. SKF Corporation
8.12.1. Company overview
8.12.2. Financial Performance
8.12.3. Product benchmarking
8.12.4. Recent developments
8.13. The Timken Company
8.13.1. Company overview
8.13.2. Financial Performance
8.13.3. Product benchmarking
8.13.4. Recent developments

List of Tables
Table 1 Global bearings market, 2016 - 2028 (USD Billion)
Table 2 Global bearings market, by product, 2016 - 2028 (USD Billion)
Table 3 Global roller bearings market, by product, 2016 - 2028 (USD Billion)
Table 4 Global ball bearings market, by product, 2016 - 2028 (USD Billion)
Table 5 Global bearings market, by application, 2016 - 2028 (USD Billion)
Table 6 Global bearings market, by region, 2014 - 2024 (USD Billion)
Table 7 Ball bearings market, 2016 - 2028 (USD Billion)
Table 8 Ball bearings market by region, 2016 - 2028 (USD Billion)
Table 9 Deep groove bearings market, 2016 - 2028 (USD Billion)
Table 10 Deep groove bearings market by region, 2016 - 2028 (USD Billion)
Table 11 Other ball bearings market, 2016 - 2028 (USD Billion)
Table 12 Other ball bearings market by region, 2016 - 2028 (USD Billion)
Table 13 Roller bearings market, 2016 - 2028 (USD Billion)
Table 14 Roller bearings market by region, 2016 - 2028 (USD Billion)
Table 15 Split bearings market, 2016 - 2028 (USD Billion)
Table 16 Split bearings market by region, 2016 - 2028 (USD Billion)
Table 17 Tapered bearings market, 2016 - 2028 (USD Billion)
Table 18 Tapered bearings market by region, 2016 - 2028 (USD Billion)
Table 19 Other roller bearings market, 2016 - 2028 (USD Billion)
Table 20 Other roller bearings market by region, 2016 - 2028 (USD Billion)
Table 21 Other bearings market, 2016 - 2028 (USD Billion)
Table 22 Other bearings market by region, 2016 - 2028 (USD Billion)
Table 23 Bearings demand in automotive, 2016 - 2028 (USD Billion)
Table 24 Bearings demand in automotive by region, 2016 - 2028 (USD Billion)
Table 25 Bearings demand in agriculture, 2016 - 2028 (USD Billion)
Table 26 Bearings demand in agriculture by region, 2016 - 2028 (USD Billion)
Table 27 Bearings demand in electrical, 2016 - 2028 (USD Billion)
Table 28 Bearings demand in electrical by region, 2016 - 2028 (USD Billion)
Table 29 Bearings demand in mining & construction, 2016 - 2028 (USD Billion)
Table 30 Bearings demand in mining & construction by region, 2016 - 2028 (USD Billion)
Table 31 Bearings demand in railway & aerospace, 2016 - 2028 (USD Billion)
Table 32 Bearings demand in railway & aerospace by region, 2016 - 2028 (USD Billion)
Table 33 Bearings demand in automotive aftermarket, 2016 - 2028 (USD Billion)
Table 34 Bearings demand in automotive aftermarket by region, 2016 - 2028 (USD Billion)
Table 35 Bearings demand in others, 2016 - 2028 (USD Billion)
Table 36 Bearings demand in others by region, 2016 - 2028 (USD Billion)
Table 37 North America bearings market by product, 2016 - 2028 (USD Billion)
Table 38 North America ball bearings market by product, 2016 - 2028 (USD Billion)
Table 39 North America roller bearings market by product, 2016 - 2028 (USD Billion)
Table 40 North America bearings market by application, 2016 - 2028 (USD Billion)
Table 41 U.S. bearings market by product, 2016 - 2028 (USD Billion)
Table 42 U.S. ball bearings market by product, 2016 - 2028 (USD Billion)
Table 43 U.S. roller bearings market by product, 2016 - 2028 (USD Billion)
Table 44 U.S. bearings market by application, 2016 - 2028 (USD Billion)
Table 45 Canada bearings market by product, 2016 - 2028 (USD Billion)
Table 46 Canada ball bearings market by product, 2016 - 2028 (USD Billion)
Table 47 Canada roller bearings market by product, 2016 - 2028 (USD Billion)
Table 48 Canada bearings market by application, 2016 - 2028 (USD Billion)
Table 49 Europe bearings market by product, 2016 - 2028 (USD Billion)
Table 50 Europe ball bearings market by product, 2016 - 2028 (USD Billion)
Table 51 Europe roller bearings market by product, 2016 - 2028 (USD Billion)
Table 52 Europe bearings market by application, 2016 - 2028 (USD Billion)
Table 53 U.K. bearings market by product, 2016 - 2028 (USD Billion)
Table 54 U.K. ball bearings market by product, 2016 - 2028 (USD Billion)
Table 55 U.K. roller bearings market by product, 2016 - 2028 (USD Billion)
Table 56 U.K. bearings market by application, 2016 - 2028 (USD Billion)
Table 57 Germany bearings market by product, 2016 - 2028 (USD Billion)
Table 58 Germany ball bearings market by product, 2016 - 2028 (USD Billion)
Table 59 Germany roller bearings market by product, 2016 - 2028 (USD Billion)
Table 60 Germany bearings market by application, 2016 - 2028 (USD Billion)
Table 61 France bearings market by product, 2016 - 2028 (USD Billion)
Table 62 France ball bearings market by product, 2016 - 2028 (USD Billion)
Table 63 France roller bearings market by product, 2016 - 2028 (USD Billion)
Table 64 France bearings market by application, 2016 - 2028 (USD Billion)
Table 65 Italy bearings market by product, 2016 - 2028 (USD Billion)
Table 66 Italy ball bearings market by product, 2016 - 2028 (USD Billion)
Table 67 Italy roller bearings market by product, 2016 - 2028 (USD Billion)
Table 68 Italy bearings market by application, 2016 - 2028 (USD Billion)
Table 69 Eastern Europe bearings market by product, 2016 - 2028 (USD Billion)
Table 70 Eastern Europe ball bearings market by product, 2016 - 2028 (USD Billion)
Table 71 Eastern Europe roller bearings market by product, 2016 - 2028 (USD Billion)
Table 72 Eastern Europe bearings market by application, 2016 - 2028 (USD Billion)
Table 73 Asia Pacific bearings market by product, 2016 - 2028 (USD Billion)
Table 74 Asia Pacific ball bearings market by product, 2016 - 2028 (USD Billion)
Table 75 Asia Pacific roller bearings market by product, 2016 - 2028 (USD Billion)
Table 76 Asia Pacific bearings market by application, 2016 - 2028 (USD Billion)
Table 77 China bearings market by product, 2016 - 2028 (USD Billion)
Table 78 China ball bearings market by product, 2016 - 2028 (USD Billion)
Table 79 China roller bearings market by product, 2016 - 2028 (USD Billion)
Table 80 China bearings market by application, 2016 - 2028 (USD Billion)
Table 81 India bearings market by product, 2016 - 2028 (USD Billion)
Table 82 India ball bearings market by product, 2016 - 2028 (USD Billion)
Table 83 India roller bearings market by product, 2016 - 2028 (USD Billion)
Table 84 India bearings market by application, 2016 - 2028 (USD Billion)
Table 85 Japan bearings market by product, 2016 - 2028 (USD Billion)
Table 86 Japan ball bearings market by product, 2016 - 2028 (USD Billion)
Table 87 Japan roller bearings market by product, 2016 - 2028 (USD Billion)
Table 88 Japan bearings market by application, 2016 - 2028 (USD Billion)
Table 89 Latin America bearings market by product, 2016 - 2028 (USD Billion)
Table 90 Latin America ball bearings market by product, 2016 - 2028 (USD Billion)
Table 91 Latin America roller bearings market by product, 2016 - 2028 (USD Billion)
Table 92 Latin America bearings market by application, 2016 - 2028 (USD Billion)
Table 93 Brazil bearings market by product, 2016 - 2028 (USD Billion)
Table 94 Brazil ball bearings market by product, 2016 - 2028 (USD Billion)
Table 95 Brazil roller bearings market by product, 2016 - 2028 (USD Billion)
Table 96 Brazil bearings market by application, 2016 - 2028 (USD Billion)
Table 97 Mexico bearings market by product, 2016 - 2028 (USD Billion)
Table 98 Mexico ball bearings market by product, 2016 - 2028 (USD Billion)
Table 99 Mexico roller bearings market by product, 2016 - 2028 (USD Billion)
Table 100 Mexico bearings market by application, 2016 - 2028 (USD Billion)
Table 101 Middle East & Africa bearings market by product, 2016 - 2028 (USD Billion)
Table 102 Middle East & Africa ball bearings market by product, 2016 - 2028 (USD Billion)
Table 103 Middle East & Africa roller bearings market by product, 2016 - 2028 (USD Billion)
Table 104 Middle East & Africa bearings market by application, 2016 - 2028 (USD Billion)

List of Figures
Fig. 1 Market segmentation & scope
FIG. 2 Bearings market size (Revenue in USD Billion) 2016 - 2028
FIG. 3 Bearings market - Value chain analysis
FIG. 4 Market Dynamics
FIG. 5 Penetration & Growth Prospect Mapping
FIG. 6 Porter’s five forces analysis
FIG. 7 Bearings market - PEST analysis
FIG. 8 Bearings market: Product outlook, 2020 & 2028
FIG. 9 Bearings market: Application outlook, 2020 & 2028
FIG. 10 Bearings market: Regional outlook, 2020 & 2028
FIG. 11 Bearings market: Key company market share analysis, 2020 (%)
FIG. 12 Bearings market: Competitive dashboard analysis

Note: Product cover images may vary from those shown
  • Brammer PLC
  • Harbin Bearing Manufacturing Co., Ltd.
  • HKT Bearings Ltd.
  • JTEKT Corporation
  • NBI Bearings Europe
  • NSK Global
  • NTN Corporation
  • RBC Bearings Inc.
  • Rexnord Corporation
  • RHP Bearings
  • Schaeffler Group
  • SKF Corporation
  • The Timken Company
Note: Product cover images may vary from those shown

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