Bearings Market size was valued at US$ 114.7 billion in 2022 and is expected to grow at a prominent growth rate of 8.3% from 2023 to 2029. The global market provides a detailed overview of the global bearings market, that can be segmented by Product Type, by Application. By Product Type, the global Bearings market has been segmented into Ball Bearings, Roller Bearings Others. The Ball Bearings segment is likely to be the largest and fastest-growing segment in terms of product type. Based on Application, the global Bearings market is segmented into Automotive, Electrical and Electronics, Residential HVAC, Solar Energy, Robotics and Automation, Industrial Others. Among these, the Electrical and Electronics segment is expected to have the fastest-growing market during the forecast period.
Study Period
2024-2030Base Year
2023CAGR
8.3%Largest Market
North AmericanFastest Growing Market
Asia-Pacific
Bearings are widely used in numerous types of machinery or equipment. The range is broad and includes domestic appliances, farm equipment, vehicle and farm parts, as well as equipment for the aerospace and defence industries. Along with this, there has been a significant increase in demand for bearings with lower maintenance requirements, longer service lives, and promises of greater and higher efficiency, which will affect the bearing market capacity to accelerate its expansion throughout the projection period.
By region, Asia pacific dominated the bearing market in historic years and is expected to witness the highest market share during the forecast period. It holds a tremendous potential market for global Bearings due to the increasing number of Bearings dealers.
Latin America
Europe
Asia Pacific
Middle East
North America
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Report Benchmarks |
Details |
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Report Study Period |
2024-2030 |
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Market Size in 2022 |
US$ 114.7 billion |
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Market CAGR |
8.3% |
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By Product Type |
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By Application |
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By Region |
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The global Bearings market size is valued at US$ 114.7 billion in 2022
The key players of bearing market are Brammer PLC, NBI Bearings Europe, HKT Bearings Ltd., JTEKT Corporation, NTN Corporation, Harbin Bearing Manufacturing Co., Ltd., NSK Global, RBC Bearings Inc.
The bearings market has been classified into North America, Asia Pacific, Europe, Latin America, Middle East and Africa, and the rest of MEA.
| 1. Executive Summary |
| 2. Global Bearings Market Introduction |
| 2.1. Global Bearings Market Taxonomy |
| 2.2. Global Bearings Market Definitions |
| 2.2.1. Product Type |
| 2.2.2. Application |
| 3. Global Bearings Market Dynamics |
| 3.1. Drivers |
| 3.2. Restraints |
| 3.3. Opportunities/Unmet Needs of the Market |
| 3.4. Trends |
| 3.5. Global Bearings Market Dynamic Factors - Impact Analysis |
| 3.6. Global Bearings Market Competition Landscape |
| 4. Global Bearings Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 |
| 4.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) |
| 4.3. Market Opportunity Analysis |
| 5. Global Bearings Market, By Product Type, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 5.1. Ball Bearings |
| 5.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 5.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.1.3. Market Opportunity Analysis |
| 5.2. Roller Bearings |
| 5.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 5.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.2.3. Market Opportunity Analysis |
| 5.3. Others |
| 5.3.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 5.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.3.3. Market Opportunity Analysis |
| 6. Global Bearings Market Forecast, By Application, 2018 - 2022 and Forecast, 2023 - 2029 |
| 6.1. Automotive |
| 6.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 6.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.1.3. Market Opportunity Analysis |
| 6.2. Electrical and Electronics |
| 6.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 6.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.2.3. Market Opportunity Analysis |
| 6.3. Residential HVAC |
| 6.3.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 6.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.3.3. Market Opportunity Analysis |
| 6.4. Solar Energy |
| 6.4.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 6.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.4.3. Market Opportunity Analysis |
| 6.5. Robotics and Automation |
| 6.5.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 6.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.5.3. Market Opportunity Analysis |
| 6.6. Industrial |
| 6.6.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 6.6.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.6.3. Market Opportunity Analysis |
| 6.7. Others |
| 6.7.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 6.7.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.7.3. Market Opportunity Analysis |
| 7. Global Bearings Market Forecast, By Region, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 7.1. North America |
| 7.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 7.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.1.3. Market Opportunity Analysis |
| 7.2. Europe |
| 7.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 7.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.2.3. Market Opportunity Analysis |
| 7.3. Asia-Pacific |
| 7.3.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 7.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.3.3. Market Opportunity Analysis |
| 7.4. Latin America |
| 7.4.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 7.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.4.3. Market Opportunity Analysis |
| 7.5. Middle East and Africa |
| 7.5.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 7.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.5.3. Market Opportunity Analysis |
| 7.6. Global Bearings Market - Opportunity Analysis Index, By Product Type, Application, and Region, 2023 - 2029 |
| 8. North America Bearings Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 8.1. By Product Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 8.1.1. Ball Bearings |
| 8.1.2. Roller Bearings |
| 8.1.3. Others |
| 8.2. Application Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 8.2.1. Automotive |
| 8.2.2. Electrical and Electronics |
| 8.2.3. Residential HVAC |
| 8.2.4. Solar Energy |
| 8.2.5. Robotics and Automation |
| 8.2.6. Industrial |
| 8.2.7. Others |
| 8.3. Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 8.3.1. USA |
| 8.3.2. Canada |
| 8.4. North America Bearings Market - Opportunity Analysis Index, By Product Type, Application, and Country, 2023 - 2029 |
| 8.5. North America Bearings Market Dynamics Trends |
| 9. Europe Bearings Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 9.1. By Product Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 9.1.1. Ball Bearings |
| 9.1.2. Roller Bearings |
| 9.1.3. Others |
| 9.2. Application Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 9.2.1. Automotive |
| 9.2.2. Electrical and Electronics |
| 9.2.3. Residential HVAC |
| 9.2.4. Solar Energy |
| 9.2.5. Robotics and Automation |
| 9.2.6. Industrial |
| 9.2.7. Others |
| 9.3. Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 9.3.1. Germany |
| 9.3.2. UK |
| 9.3.3. France |
| 9.3.4. Spain |
| 9.3.5. Italy |
| 9.3.6. Russia |
| 9.3.7. Poland |
| 9.3.8. Rest of Europe |
| 9.4. Europe Bearings Market - Opportunity Analysis Index, By Product Type, Application, and Country, 2023 - 2029 |
| 9.5. Europe Bearings Market Dynamics Trends |
| 10. Asia-Pacific Bearings Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 10.1. By Product Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 10.1.1. Ball Bearings |
| 10.1.2. Roller Bearings |
| 10.1.3. Others |
| 10.2. Application Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 10.2.1. Automotive |
| 10.2.2. Electrical and Electronics |
| 10.2.3. Residential HVAC |
| 10.2.4. Solar Energy |
| 10.2.5. Robotics and Automation |
| 10.2.6. Industrial |
| 10.2.7. Others |
| 10.3. Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 10.3.1. Japan |
| 10.3.2. China |
| 10.3.3. India |
| 10.3.4. ASEAN |
| 10.3.5. Australia & New Zealand |
| 10.3.6. Rest of Asia-Pacific |
| 10.4. Asia-Pacific Bearings Market - Opportunity Analysis Index, By Product Type, Application, and Country, 2023 - 2029 |
| 10.5. Asia-Pacific Bearings Market Dynamics Trends |
| 11. Latin America Bearings Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 11.1. By Product Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 11.1.1. Ball Bearings |
| 11.1.2. Roller Bearings |
| 11.1.3. Others |
| 11.2. Application Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 11.2.1. Automotive |
| 11.2.2. Electrical and Electronics |
| 11.2.3. Residential HVAC |
| 11.2.4. Solar Energy |
| 11.2.5. Robotics and Automation |
| 11.2.6. Industrial |
| 11.2.7. Others |
| 11.3. Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 11.3.1. Brazil |
| 11.3.2. Mexico |
| 11.3.3. Argentina |
| 11.3.4. Rest of Latin America |
| 11.4. Latin America Bearings Market - Opportunity Analysis Index, By Product Type, Application, and Country, 2023 - 2029 |
| 11.5. Latin America Bearings Market Dynamics Trends |
| 12. Middle East and Africa Bearings Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 12.1. By Product Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 12.1.1. Ball Bearings |
| 12.1.2. Roller Bearings |
| 12.1.3. Others |
| 12.2. Application Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 12.2.1. Automotive |
| 12.2.2. Electrical and Electronics |
| 12.2.3. Residential HVAC |
| 12.2.4. Solar Energy |
| 12.2.5. Robotics and Automation |
| 12.2.6. Industrial |
| 12.2.7. Others |
| 12.3. Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 12.3.1. Gulf Cooperation Council (GCC) Countries |
| 12.3.2. Israel |
| 12.3.3. South Africa |
| 12.3.4. Rest of MEA |
| 12.4. MEA Bearings Market - Opportunity Analysis Index, By Product Type, Application, and Country, 2023 - 2029 |
| 12.5. MEA Bearings Market Dynamics Trends |
| 13. Competition Landscape |
| 13.1. Strategic Dashboard of Top Market Players |
| 13.2. Company Profiles (Introduction, Financial Analysis, Application & Service Offerings, Key Developments, Strategies, and SWOT Analysis) |
| 13.2.1. JTEKT Corporation |
| 13.2.2. Saint-Gobain Performance Plastics Pampus GmbH |
| 13.2.3. NTN Corporation |
| 13.2.4. SKF Corporation |
| 13.2.5. Brammer PLC |
| 13.2.6. NSK Global |
| 13.2.7. RBC Bearings Inc. |
| 13.2.8. Timken Company Ltd. |
| 13.2.9. Minebea Mitsumi Inc. |
| 13.2.10. Wafangdian Bearing Co.Ltd. |
| 14. Research Methodology |
| 15. Key Assumptions and Acronyms |
Key Market Players
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