Global Bearing Market Size & Outlook, 2023-2030

The bearing industry worldwide is expected to reach a projected revenue of US$ 226,598.7 million by 2030. A compound annual growth rate of 9.4% is expected of the worldwide bearing industry from 2024 to 2030.
Revenue, 2023 (US$M)
$120,982.9
Forecast, 2030 (US$M)
$226,598.7
CAGR, 2024 - 2030
9.4%
Report Coverage
Worldwide

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 2023USD 120,982.9 million
Market revenue in 2030USD 226,598.7 million
Growth rate9.4% (CAGR from 2023 to 2030)
Largest segmentRoller bearings
Fastest growing segmentRoller Bearings
Historical data covered2017 - 2022
Base year for estimation2023
Forecast period covered2024 - 2030
Quantitative unitsRevenue in USD million
Market segmentationBall 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 segmentation & scope
Deep Groove Bearings
Other
Split
Tapered
Others
Journal Plain Bearing
Linear Plain Bearing
Thrust Plain Bearing
Others
Others
Automotive
Agriculture
Electrical
Mining & Construction
Railway & Aerospace
Automotive Aftermarket
Others

Bearing Market Companies

Name Profile # Employees HQ Website

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
  • Global Bearing Application Outlook (Revenue, USD Million, 2017-2030)
    • Automotive
    • Agriculture
    • Electrical
    • Mining & Construction
    • Railway & Aerospace
    • Automotive Aftermarket
    • Others

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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.

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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)

Global bearing market size, by regions, 2017-2030 (US$M)

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