Bearings Market size is valued at USD 114.7 billion in 2021 and is expected to grow at a prominent growth rate of 8.3% during the forecast period 2022 to 2028. The global market provides a detailed overview of the global bearings market, and 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 2022-2028.
In Sept 2021, More round rollers were dispatched by SKF in the direction of North America. The application of these headings in section, billet, and blossom reduces the natural effect during constant projecting activities.
In June 2021, NSK Ltd. developed a third-generation ultra high-velocity metal ball capable of operating at over 1.8 million dmN*1 for use in electric vehicle (EV) engines. .