1. Bearings Market Share, Size, Analysis, Regional Outlook, Growth,
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Bearings Market Share, Size, Analysis, Regional Outlook, Growth,
Trends and Forecasts to 2024 | Hexa Research “
Bearings Market Size Expected to Surpass $110
Million By 2024 ”
The Bearings Market is primarily driven by process industries and their need to conserve energy. It is
projected to generate more than USD 110 million in revenue by Technological advances and demand
from oil & gas, automotive, and construction industries will lead to market growth. The fluctuating prices of
steel pose a challenge for the market.
The worldwide market is segmented according to products, applications, and regions. Products encompass
ball bearings, roller bearings, and others. Tapered and split bearings are 2 types of roller bearings. ‘Others’
consist of thrust, angular contact, and self-aligning ball bearings.
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Ball bearings are predicted to lead the bearings market over the forecast period ( ) due to its ability
to reduce friction between different machine components. Deep groove bearings are simple in design and
used in radial loads. They are estimated to garner huge growth in the next six years on account of being low -
maintenance. Split roller bearings are used in shafts and other hard to reach locations.
Electronics, agriculture equipment & machinery, mining & construction equipment, railway & aerospace, and
automotive constitute as major market applications. Demand for automotive components will trigger market
demand over the next six years. Railway & aerospace sector will experience a similar gro wth rate on account
of increasing dependency by the normal public to use these transportation modes to commute.
Regions covered under the market are North America, Latin America, Asia Pacific, MEA (Middle East & Africa),
and Europe. Asia Pacific reigned over the bearings market in owing to infrastructural projects and rapid
industrialization. The market will gain major demand from Western Europe, the U.S., and Japan; due to these
countries adopting the latest technologies.
The market is highly competitive in nature. Timken, SKF, NTN Corporation, Schaeffler Group, and NSK Global
are some of the top players operating in the bearings market. They are primarily targeting applications in
which engineering and manufacturing processes give them an edge over their competition.
Companies are also investing in technology based on recent trends like wind energy. Bearings used in wind
turbines will see a development creating new avenues for the market.
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Table of Content of Bearings Market
Chapter 1 Methodology and Scope
1.1 Research Methodology
1.1.1
1.1.2
1.1.3
Initial data exploration
Statistical modeling and forecast
Industry insights and validation
1.2
List of Data Sources
Chapter 2 Executive Summary
2.1 Bearings market snapshot,
Chapter 3 Bearings Industry Insights
3.1
3.2
3.3
3.4
Market segmentation
Market size and growth prospects
Bearings value chain analysis
Bearings market dynamics
3.4.1
3.4.2
Growth drivers
Industry pitfalls & challenges
3.5
3.6
3.7
3.8
Key growth opportunities
Porter’s analysis
Company market share analysis, 2016
PESTEL analysis
Chapter 4 Bearings Market Product Insights
4.1
4.2
Global bearings market share by product, & 2024
Ball Bearings
4.2.1
Global ball bearings demand, by region,
Global deep groove ball bearings (DGBB) demand, by region,
Global other ball bearings demand, by region,
4.3
Roller Bearings
4.3.1
Global roller bearings demand, by region,
Global split roller bearings (SRB) demand by region,
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Global tapered roller bearings (TRB) demand by region,
Global other roller bearings demand, by region,
Chapter 5 Bearings Application Insights
5.1
5.2
Bearings market share by application, & 2024
Automotive
5.2.1
Global automotive bearings demand, by region,
5.3
Agriculture
5.3.1
Global agriculture bearings demand, by region,
5.4
Electrical
5.4.1
Global electrical bearings demand, by region,
Mining & Construction
Global mining & construction bearings demand, by region,
Railway & Aerospace
Global railway & aerospace bearings demand, by region,
Automotive Aftermarket
5.5
5.5.1
5.6
5.6.1
5.7
5.7.1
Global automotive aftermarket bearings demand, by region,
Other
Global bearings demand in other applications, by region,
5.8
5.8.1
Chapter 6 Bearings Market Regional Insights
6.1
6.2
Global bearings market share by region, & 2022
North America
6.2.1
North America bearings market by product,
North America ball bearings market by product,
North America roller bearings market by product,
6.2.2
6.2.3
North America bearings market by application,
U.S.
U.S. bearings market by product,
U.S. ball bearings market by product,
U.S. roller bearings market by product,
U.S. bearings market by application,
Canada
Canada bearings market by product,
6.2.4
Canada ball bearings market by product,
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Canada roller bearings market by product,
Canada bearings market by application,
Europe
Europe bearings market by product,
6.3
6.3.1
Europe ball bearings market by product,
Europe roller bearings market by product,
6.3.2
6.3.3
Europe bearings market by application,
France
France bearings market by product,
France ball bearings market by product,
France roller bearings market by product,
France bearings market by application,
6.3.4
Germany
Germany bearings market by product,
Germany ball bearings market by product,
Germany roller bearings market by product,
Germany bearings market by application, UK
UK bearings market by product,
6.3.5
UK ball bearings market by product,
UK roller bearings market by product,
UK bearings market by application,
Italy
Italy bearings market by product,
6.3.6
Italy ball bearings market by product,
Italy roller bearings market by product,
Italy bearings market by application,
Eastern Europe
Eastern Europe bearings market by product,
6.3.7
Eastern Europe ball bearings market by product,
Eastern Europe roller bearings market by product,
Eastern Europe bearings market by application,
Asia Pacific
Asia Pacific bearings market by product,
6.4
6.4.1
Asia Pacific ball bearings market by product,
Asia Pacific roller bearings market by product,
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6.4.2
6.4.3
Asia Pacific bearings market by application,
China
China bearings market by product,
China ball bearings market by product,
China roller bearings market by product,
China bearings market by application,
Japan
Japan bearings market by product,
6.4.4
Japan ball bearings market by product,
Japan roller bearings market by product,
Japan bearings market by application,
India
India bearings market by product,
6.4.5
India ball bearings market by product,
India roller bearings market by product,
India bearings market by application,
6.5
Latin America
6.5.1
Latin America bearings market by product,
Latin America ball bearings market by product,
Latin America roller bearings market by product,
6.5.2
6.5.3
Latin America bearings market by application,
Mexico
Mexico bearings market by product,
Mexico ball bearings market by product,
Mexico roller bearings market by product,
Mexico bearings market by application,
Brazil
Brazil bearings market by product,
6.5.4
Brazil ball bearings market by product,
Brazil roller bearings market by product,
Brazil bearings market by application,
MEA
MEA bearings market by product,
6.6
6.6.1
MEA ball bearings market by product,
MEA roller bearings market by product,
6.6.2
MEA bearings market by application,
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Chapter 7 Competitive Insights
7.1
7.2
7.3
7.4
7.5
7.6
7.7
7.8
7.9
Brammer PLC
C&U Group Company Limited
Daido Metal Company Limited
Harbin Bearing Manufacturing Co., Ltd.
HKT Bearings Ltd.
JTEKT Corporation
Luoyang LYC Bearing Company Limited
Minebea Company Limited
NBI Bearings Europe
7.10
7.11
7.12
7.13
7.14
7.15
7.16
NSK Global
NTN Corporation
RBC Bearings Inc.
Rexnord Corporation
Schaeffler Group
SKF
The Timken Company
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