Report overview
Bearings are used as a mechanical component to transfer the power and to move a certain part, and this is done by utilizing the small frictional force of the bearings, which makes them rotate easily (or move in one direction easily), all the while withstanding the force and weight load acting against them.
This report aims to provide a comprehensive presentation of the global market for Bearings, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Bearings. This report contains market size and forecasts of Bearings in global, including the following market information:
Global Bearings Market Revenue, 2018-2023, 2024-2029, ($ millions)
Global top five companies in 2022 (%)
The global Bearings market was valued at US$ 59550 million in 2022 and is projected to reach US$ 77450 million by 2029, at a CAGR of 3.8% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
Global Bearings key players include SKF, Schaeffler, NSK, NTN, JTEKT etc. Global top five manufacturers hold a share over 50%. Asia-Pacific is the largest market, with a share over 40%, followed by North America and Europe, both have a share over 40% percent.
In terms of product, Ball Bearing is the largest segment, with a share over 60%. And in terms of application, the largest application is Automotive Industry, followed by Industrial Machine and Aerospace Industry.
We surveyed the Bearings companies, and industry experts on this industry, involving the revenue, demand, product type, recent developments and plans, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Bearings Market, by Type, 2018-2023, 2024-2029 ($ millions)
Global Bearings Market Segment Percentages, by Type, 2022 (%)
Ball Bearing
Roller Bearing
Global Bearings Market, by Application, 2018-2023, 2024-2029 ($ millions)
Global Bearings Market Segment Percentages, by Application, 2022 (%)
Automotive Industry
Industrial Machine
Aerospace Industry
Others
Global Bearings Market, By Region and Country, 2018-2023, 2024-2029 ($ Millions)
Global Bearings Market Segment Percentages, By Region and Country, 2022 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Bearings revenues in global market, 2018-2023 (estimated), ($ millions)
Key companies Bearings revenues share in global market, 2022 (%)
Further, the report presents profiles of competitors in the market, key players include:
SKF
Schaeffler
NSK
NTN
JTEKT
Timken
NMB Minebea
Rexnord
NACHI
LYC
RBC Bearings
ZWZ
C&U GROUP
Rothe Erde
HARBIN Bearing
Outline of Major Chapters:
Chapter 1: Introduces the definition of Bearings, market overview.
Chapter 2: Global Bearings market size in revenue.
Chapter 3: Detailed analysis of Bearings company competitive landscape, revenue and market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: Sales of Bearings in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: The main points and conclusions of the report.
