Bearings Market Summary, Competitive Analysis and Forecast to 2027

Key Highlights

• Bearings are mechanical elements that reduce friction between moving elements and limit relative motion to desired motion. There are three main types of bearings: ball bearings, roller bearings, and other bearings. Other bearing segment's scope includes slewing bearings, thrust ball bearings, sleeve bearings, and specialty bearings.
• The global bearings market had total revenues of $104.7 billion in 2022, representing a compound annual growth rate (CAGR) of 2% between 2017 and 2022.
• The automotive segment accounted for market's the largest proportion in 2022, with total revenues of $42 billion, equivalent to 40.1% of the market's overall value.
• Infrastructure development projects, such as the construction of roads, railways, bridges, and buildings, have resulted in the moderate growth of the global bearings market in 2022.

Scope

• Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the bearings market in the global
• Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the global bearings market
• Leading company profiles reveal details of key bearings market players' global operations and financial performance
• Add weight to presentations and pitches by understanding the future growth prospects of the Global bearings market with five year forecasts

Reasons to Buy

• What was the size of the Global bearings market by value in 2022?
• What will be the size of the Global bearings market in 2027?
• What factors are affecting the strength of competition in the Global bearings market?
• How has the market performed over the last five years?
• Who are the top competitors in the global's bearings market?