Global Bearing Market Size, Share, Opportunities, And Trends By Type (Ball Bearing, Roller Bearing, Plain Bearing, Others), By Material (Steel, Ceramic, Plastic), By End-User (Automotive, Aerospace, Industrial, Mining, Construction, Others), And By Geography - Forecasts From 2025 To 2030

Description

Bearing Market Size:

Global Bearing Market, with a 6.17% CAGR, is projected to increase from USD 105.405 billion in 2025 to USD 142.189 billion by 2030.

A bearing is a component that supports a rotating shaft or other moving parts in machinery and is designed to reduce friction and facilitate smooth movement, minimize wear and tear on the machinery, and enable efficient and reliable operation. Bearings come in different types and configurations, such as ball bearings, roller bearings, and plain bearings, and are made of materials like steel, ceramic, or plastic. Bearing is used in automotive, aerospace, industrial, mining, and construction applications. The increasing use of industrial and manufacturing equipment, growing automobile production, and infrastructure development will boost the demand for bearings.

Bearing Market Growth Drivers:

• The increasing automotive production will boost the growth of the global bearing market.

Friction between moving parts can cause wear and tear on the components of an automobile and reduce its efficiency, leading to increased fuel consumption and emissions, and bearings can help to reduce friction and improve overall efficiency. Automobile bearings like passenger cars, trucks, and buses are used in various applications like transmission, engine, wheels and suspension, and steering. Bearings in the engine are used to support the crankshaft, camshaft, and connecting rods, and in transmission, it is used to support the gears and shafts, reducing friction and ensuring smooth shifting. The positive growth of vehicle production and usage will fuel the demand for bearings. According to the International Organization of Motor Vehicle Manufacturers (OICA), the production of commercial vehicles, including trucks and buses, increased by 1.41% from 2021 to 2022. According to the Society of Indian Automobile Manufacturers (SIAM), the production of passenger vehicles increased from 3.06 million in 2020-2021 to 3.65 million in 2021-2022. This demonstrates that bearings hold a great demand in the future.

• The surge in construction activities is augmenting the demand for bearings.

Bearings play a critical role in the construction industry by reducing friction between moving parts, supporting heavy loads, and improving efficiency. The construction industry relies heavily on excavators, loaders, cranes, and bulldozers, all requiring bearings to function efficiently. The growth in construction activities boosts the demand for bearings. According to the Association of Equipment Manufacturers (AEM), global construction equipment sales increased by 5% in 2021, following a decline of 16% in 2020. According to the European Association of Heavy Machinery Manufacturers (CECE), the construction equipment market grew by 9% in 2021 due to increased investment in infrastructure and renewable energy projects. According to the World Bank, infrastructure investments are key to the post-COVID economic recovery. In 2020, the World Bank approved over $18 billion in financing for construction projects in various countries, including India, Egypt, and Colombia.

Bearing Market Geographical Outlook:

• The Asia Pacific region held a significant share.

The growing economies in the Asia Pacific region, such as China, Japan, and India, are witnessing significant growth in the automotive, construction, and manufacturing industries, parallelly driving the demand for bearings. The Chinese government released a "Development Plan for Heavy-duty Commercial Vehicles (2021-2035)" for the improvement of heavy-duty commercial vehicles, which focuses on improving the efficiency and safety of traditional diesel vehicles. In 2021, the governments of India and Dubai signed a contract to build infrastructure in Jammu and Kashmir, including industrial parks, information technology towers, multifunctional towers, logistical hubs, medical colleges, and specialized hospitals. The Japanese government launched the " Disaster Resilient Infrastructure Development" program in 2019, which includes investments in infrastructure that can withstand earthquakes, floods, and other natural disasters. The increasing concern to reduce emissions in the automotive industry and construction and infrastructure developments need bearings in their operations and developments. These factors all increase the demand for bearings in the Asia Pacific region.

Market Segmentation:

• GLOBAL BEARINGS MARKET TYPE
  • Ball Bearing
  • Roller Bearing
  • Plain Bearing
  • Others
• GLOBAL BEARINGS MARKET BY MATERIAL
  • Steel
    • Stainless Stell
    • Chrome Steel
    • Carbon Steel
  • Ceramics
  • Plastics/ Polymer
• GLOBAL BEARINGS MARKET BY END-USER
  • Automotive
  • Aerospace
  • Oil & Gas
  • Mining
  • Building & Construction
  • Others
• GLOBAL BEARINGS MARKET BY GEOGRAPHY
  • North America
    • By Type
    • By Material
    • By End-User
    • By Country
      • USA
      • Canada
      • Mexico
  • South America
    • By Type
    • By Material
    • By End-User
    • By Country
      • Brazil
      • Argentina
      • Others
  • Europe
    • By Type
    • By Material
    • By End-User
    • By Country
      • Germany
      • France
      • United Kingdom
      • Spain
      • Others
  • Middle East and Africa
    • By Type
    • By Material
    • By End-User
    • By Country
      • Saudi Arabia
      • UAE
      • Israel
      • Others
  • Asia Pacific
    • By Type
    • By Material
    • By End-User
    • By Country
      • China
      • India
      • Japan
      • South Korea
      • Indonesia
      • Thailand
      • Taiwan
      • Others

Table Of Contents

1. EXECUTIVE SUMMARY
2. MARKET SNAPSHOT
    2.1. Market Overview
    2.2. Market Definition
    2.3. Scope of the Study
    2.4. Market Segmentation
3. BUSINESS LANDSCAPE
    3.1. Market Drivers
    3.2. Market Restraints
    3.3. Market Opportunities
    3.4. Porter’s Five Forces Analysis
    3.5. Industry Value Chain Analysis
    3.6. Policies and Regulations
    3.7. Strategic Recommendations
4. TECHNOLOGICAL OUTLOOK
5. GLOBAL BEARINGS MARKET TYPE
    5.1. Introduction
    5.2. Ball Bearing
    5.3. Roller Bearing
    5.4. Plain Bearing
    5.5. Others
6. GLOBAL BEARINGS MARKET BY MATERIAL
    6.1. Introduction
    6.2. Steel
        6.2.1. Stainless Stell
        6.2.2. Chrome Steel
        6.2.3. Carbon Steel
    6.3. Ceramics
    6.4. Plastics/ Polymer
7. GLOBAL BEARINGS MARKET BY END-USER
    7.1. Introduction
    7.2. Automotive
    7.3. Aerospace
    7.4. Oil & Gas
    7.5. Mining
    7.6. Building & Construction
    7.7. Others
8. GLOBAL BEARINGS MARKET BY GEOGRAPHY
    8.1. Introduction
    8.2. North America
        8.2.1. By Type
        8.2.2. By Material
        8.2.3. By End-User
        8.2.4. By Country
            8.2.4.1. USA
            8.2.4.2. Canada
            8.2.4.3. Mexico
    8.3. South America
        8.3.1. By Type
        8.3.2. By Material
        8.3.3. By End-User
        8.3.4. By Country
            8.3.4.1. Brazil
            8.3.4.2. Argentina
            8.3.4.3. Others
    8.4. Europe
        8.4.1. By Type
        8.4.2. By Material
        8.4.3. By End-User
        8.4.4. By Country
            8.4.4.1. Germany
            8.4.4.2. France
            8.4.4.3. United Kingdom
            8.4.4.4. Spain
            8.4.4.5. Others
    8.5. Middle East and Africa
        8.5.1. By Type
        8.5.2. By Material
        8.5.3. By End-User
        8.5.4. By Country
            8.5.4.1. Saudi Arabia
            8.5.4.2. UAE
            8.5.4.3. Israel
            8.5.4.4. Others
    8.6. Asia Pacific
        8.6.1. By Type
        8.6.2. By Material
        8.6.3. By End-User
        8.6.4. By Country
            8.6.4.1. China
            8.6.4.2. India
            8.6.4.3. Japan
            8.6.4.4. South Korea
            8.6.4.5. Indonesia
            8.6.4.6. Thailand
            8.6.4.7. Taiwan
            8.6.4.8. Others
9. COMPETITIVE ENVIRONMENT AND ANALYSIS
    9.1. Major Players and Strategy Analysis
    9.2. Market Share Analysis
    9.3. Mergers, Acquisitions, Agreements, and Collaborations
    9.4. Competitive Dashboard
10. COMPANY PROFILES
    10.1. NSK Ltd.
    10.2. SKF Group
    10.3. Schaeffler Group
    10.4. Timken Company
    10.5. NTN Corporation
    10.6. JTEKT Corporation
    10.7. Nachi-fujikoshi Corp.
    10.8. RBC Bearing Incorporated
    10.9. Scheerer Bearing Corporation
    10.10. C&U Group
    10.11. China Huanchi Bearing Group Co., Ltd.
11. APPENDIX
    11.1. Currency
    11.2. Assumptions
    11.3. Base and Forecast Years Timeline
    11.4. Key benefits for the stakeholders
    11.5. Research Methodology
    11.6. Abbreviations
LIST OF FIGURES
LIST OF TABLES

Companies Profiled

NSK Ltd

SKF Group

Schaeffler Group

Timken Company

NTN Corporation

JTEKT Corporation

Nachi-fujikoshi Corp

RBC Bearing Incorporated

Scheerer Bearing Corporation

C&U Group

China Huanchi Bearing Group Co., Ltd

Related Reports