- Ball Bearings
- Roller Bearings
- Others
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.
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 dmN*1 for use in electric vehicle (EV) engines. .Bearings Market Summary
Study Period
2023-29
Base Year
2022
CAGR
8.3%
Largest Market
North American
Fastest Growing Market
Asia-Pacific
Bearings Market Drivers
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.
Asia Pacific Got Significant Share
Bearings Market
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
Key Features of the Reports
- The bearing market provides granular level information about the market size, regional market share, historic market (2017-2021) and forecast (2022-2028)
- The bearing market covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
- The bearing market outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
- The bearing market tracks recent innovations, key developments, and start-up details that are actively working in the market
- The bearing market provides a plethora of information about market entry strategies, regulatory framework, and reimbursement scenario
Bearings Market Segmentation
Product Type
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 2021 and is expected to grow at a prominent growth rate during the forecast period 2022 to 2028.
The COVID-19 pandemic has put decline to the industries' ability to function, which is slowing down demand for bearings over the forecast period.
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.
| 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, 2017 - 2021 and Forecast, 2022 - 2028 |
| 4.1. Market Analysis, 2017 - 2021 and Forecast, 2022 - 2028 (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, 2017 - 2021 and Forecast, 2022 - 2028 (Revenue, USD Mn) |
| 5.1. Ball Bearings |
| 5.1.1. Market Analysis, 2017 - 2021 and Forecast, 2022 - 2028 (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, 2017 - 2021 and Forecast, 2022 - 2028 (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, 2017 - 2021 and Forecast, 2022 - 2028 (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, 2017 - 2021 and Forecast, 2022 - 2028 |
| 6.1. Automotive |
| 6.1.1. Market Analysis, 2017 - 2021 and Forecast, 2022 - 2028 (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, 2017 - 2021 and Forecast, 2022 - 2028 (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, 2017 - 2021 and Forecast, 2022 - 2028 (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, 2017 - 2021 and Forecast, 2022 - 2028 (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, 2017 - 2021 and Forecast, 2022 - 2028 (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, 2017 - 2021 and Forecast, 2022 - 2028 (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, 2017 - 2021 and Forecast, 2022 - 2028 (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, 2017 - 2021 and Forecast, 2022 - 2028 (Revenue, USD Mn) |
| 7.1. North America |
| 7.1.1. Market Analysis, 2017 - 2021 and Forecast, 2022 - 2028 (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, 2017 - 2021 and Forecast, 2022 - 2028 (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, 2017 - 2021 and Forecast, 2022 - 2028 (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, 2017 - 2021 and Forecast, 2022 - 2028 (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, 2017 - 2021 and Forecast, 2022 - 2028 (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, 2022 - 2028 |
| 8. North America Bearings Market Analysis, 2017 - 2021 and Forecast, 2022 - 2028 (Revenue, USD Mn) |
| 8.1. By Product Type Analysis 2017 - 2021 and Forecast 2022 - 2028 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 2017 - 2021 and Forecast 2022 - 2028 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 2017 - 2021 and Forecast 2022 - 2028 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, 2022 - 2028 |
| 8.5. North America Bearings Market Dynamics – Trends |
| 9. Europe Bearings Market Analysis, 2017 - 2021 and Forecast, 2022 - 2028 (Revenue, USD Mn) |
| 9.1. By Product Type Analysis 2017 - 2021 and Forecast 2022 - 2028 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 2017 - 2021 and Forecast 2022 - 2028 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 2017 - 2021 and Forecast 2022 - 2028 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, 2022 - 2028 |
| 9.5. Europe Bearings Market Dynamics – Trends |
| 10. Asia-Pacific Bearings Market Analysis, 2017 - 2021 and Forecast, 2022 - 2028 (Revenue, USD Mn) |
| 10.1. By Product Type Analysis 2017 - 2021 and Forecast 2022 - 2028 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 2017 - 2021 and Forecast 2022 - 2028 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 2017 - 2021 and Forecast 2022 - 2028 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, 2022 - 2028 |
| 10.5. Asia-Pacific Bearings Market Dynamics – Trends |
| 11. Latin America Bearings Market Analysis, 2017 - 2021 and Forecast, 2022 - 2028 (Revenue, USD Mn) |
| 11.1. By Product Type Analysis 2017 - 2021 and Forecast 2022 - 2028 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 2017 - 2021 and Forecast 2022 - 2028 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 2017 - 2021 and Forecast 2022 - 2028 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, 2022 - 2028 |
| 11.5. Latin America Bearings Market Dynamics – Trends |
| 12. Middle East and Africa Bearings Market Analysis, 2017 - 2021 and Forecast, 2022 - 2028 (Revenue, USD Mn) |
| 12.1. By Product Type Analysis 2017 - 2021 and Forecast 2022 - 2028 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 2017 - 2021 and Forecast 2022 - 2028 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 2017 - 2021 and Forecast 2022 - 2028 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, 2022 - 2028 |
| 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.