Global Bearing Market Size & Outlook, 2023-2030
Global bearing market, 2017-2030 (US$M)
Related Markets
Global bearing market highlights
- The global bearing market generated a revenue of USD 120,982.9 million in 2023 and is expected to reach USD 226,598.7 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 9.4% by 2030.
- In terms of segment, roller bearings accounted for a revenue of USD 67,811.0 million in 2023.
- Roller Bearings is the most lucrative product segment registering the fastest growth during the forecast period.
- In terms of region, Asia Pacific was the largest revenue generating market in 2023.
- Country-wise, Canada is expected to register the highest CAGR from 2024 to 2030.
Global data book summary
| Market revenue in 2023 | USD 120,982.9 million |
| Market revenue in 2030 | USD 226,598.7 million |
| Growth rate | 9.4% (CAGR from 2023 to 2030) |
| Largest segment | Roller bearings |
| Fastest growing segment | Roller Bearings |
| Historical data covered | 2017 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Ball Bearings, Roller Bearings, Plain Bearings |
Other key industry trends
- In terms of revenue, the North America accounted for 19.7% of the global bearing market in 2023.
- By country, the China is projected to lead the global market in terms of revenue in 2030.
- By country, Canada is the fastest growing regional market and is projected to reach USD 6,378.6 million by 2030.
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Bearing Market Scope
Bearing Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| The Timken Co | View profile | 19000 | 4500 Mount Pleasant Street North West, North Canton, OH, United States, 44720-5450 | https://www.timken.com |
| NSK Ltd | View profile | 32668 | Nissei Building, 1-6-3 Ohsaki, Shinagawa-ku, Tokyo, Japan, 141-8560 | http://www.jp.nsk.com |
| JTEKT Corp | View profile | 51087 | No. 7-1, Meieki 4-chome, Nakamura-ku, 15th floor, Aichi Prefecture, Nagoya, Japan, 450-8515 | http://www.jtekt.co.jp |
| Regal Rexnord Corp | View profile | 32100 | 111 West Michigan Street, Milwaukee, WI, United States, 53203 | https://www.regalrexnord.com |
| SKF AB ADR | View profile | 40051 | Sven Wingquists Gata 2, Gothenburg, Sweden, SE-415 50 | https://www.skf.com |
| RBC Bearings Inc | View profile | 5302 | One Tribology Center, Oxford, CT, United States, 06478 | https://www.rbcbearings.com |
| Schaeffler AG ADR | View profile | 83362 | Industriestrasse 1-3, Herzogenaurach, BY, Germany, 91074 | https://www.schaeffler.com |
| NTN Corp | View profile | 23027 | 3-17, 1-chome, Kyomachibori, Nishi-ku, Osaka, Japan, 550-0003 | http://www.ntn.co.jp |
Global bearing market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to bearing market will help companies and investors design strategic landscapes.
Roller bearings was the largest segment with a revenue share of 56.05% in 2023. Horizon Databook has segmented the Global bearing market based on ball bearings, roller bearings, plain bearings covering the revenue growth of each sub-segment from 2017 to 2030.
- Global Bearing Product Outlook (Revenue, USD Million, 2017-2030)
- Ball Bearings
- Deep Groove Bearings
- Other
- Roller Bearings
- Split
- Tapered
- Others
- Plain Bearings
- Journal Plain Bearing
- Linear Plain Bearing
- Thrust Plain Bearing
- Others
- Others
- Ball Bearings
- Global Bearing Application Outlook (Revenue, USD Million, 2017-2030)
- Automotive
- Agriculture
- Electrical
- Mining & Construction
- Railway & Aerospace
- Automotive Aftermarket
- Others
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Target buyers of Global bearing market databook
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Our clientele includes a mix of bearing market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of global-level data and insights on the Global bearing market , including forecasts for subscribers. This global databook contains high-level insights into Global bearing market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
Global bearing market size, by regions, 2017-2030 (US$M)
Top 10 countries: Bearing market size, 2023 (US$M)
Global bearing market share, by product, 2023 & 2030 (%, US$M)
Bearing market: Opportunity assessment by country
Global bearing market, by region, 2023 (US$M)
Related statistics
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