Bearings in North America

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 types include slewing bearings, thrust ball bearings, sleeve bearings, and specialty bearings.
• The North American bearings market recorded revenues of $22.4 billion in 2024, representing a compound annual growth rate (CAGR) of 5.8% between 2019 and 2024.
• The automotive segment accounted for the market's largest proportion in 2024, with total revenues of $8.0 billion, equivalent to 35.7% of the market's overall value.
• In 2024, North America was the third largest market in the global bearings market, with a share of 19.3%. Infrastructure development projects, such as the construction of roads, railways, bridges, and buildings, have contributed to market growth during the historic period.

Scope

• Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the bearings market in North America
• Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the bearings market in North America
• 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 North America bearings market with five year forecasts

Reasons to Buy

• What was the size of the North America bearings market by value in 2024?
• What will be the size of the North America bearings market in 2029?
• What factors are affecting the strength of competition in the North America bearings market?
• How has the market performed over the last five years?
• What are the main segments that make up North America's bearings market?