Bearings Market: By Product Type (Ball Bearings, Roller Bearings Others) By Application (Automotive, Electrical and Electronics, Residential HVAC, Solar Energy, Robotics and Automation, Industrial Others) and Geography  

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Bearings Market size was valued at USD 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.

Bearings Market Key Development:
  • 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 dm1 for use in electric vehicle (EV) engines.

Bearings Market Summary

Study Period

2024-2030

Base Year

2023

CAGR

8.3%

Largest Market

North American

Fastest Growing Market

Asia-Pacific
Bearings Market Dynamics

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.

Key Features of the Reports

  • The report provides granular level information about the market size, regional market share, historic market (2019-2023), and forecast (2024-2030)
  • The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The report tracks recent innovations, key developments, and start-up details that are actively working in the market
  • The report provides a plethora of information about market entry strategies, regulatory framework, and reimbursement scenario

Bearings Market Segmentation

By Product Type
  • Ball Bearings
  • Roller Bearings
  • Others
By Application
  • Automotive
  • Electrical and Electronics
  • Residential HVAC
  • Solar Energy
  • Robotics and Automation
  • Industrial Others
By Geography
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • MEA

Frequently Asked Questions

The global Bearings market size is valued at USD 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
  • JTEKT Corporation
  • Saint-Gobain Performance Plastics Pampus GmbH
  • NTN Corporation
  • SKF Corporation
  • Brammer PLC
  • NSK Global
  • RBC Bearings Inc.
  • Timken Company Ltd.
  • Minebea Mitsumi Inc.
  • Wafangdian Bearing Co.Ltd.

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