Global Bearings Market Growth (Status and Outlook) 2023-2029

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.

LPI (LP Information)' newest research report, the “Bearings Industry Forecast” looks at past sales and reviews total world Bearings sales in 2022, providing a comprehensive analysis by region and market sector of projected Bearings sales for 2023 through 2029. With Bearings sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Bearings industry.

This Insight Report provides a comprehensive analysis of the global Bearings landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Bearings portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Bearings market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Bearings and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Bearings.

The global Bearings market size is projected to grow from US$ 56610 million in 2022 to US$ 75250 million in 2029; it is expected to grow at a CAGR of 4.1% from 2023 to 2029.

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.

This report presents a comprehensive overview, market shares, and growth opportunities of Bearings market by product type, application, key players and key regions and countries.

Market Segmentation:
Segmentation by type
    Ball Bearing
    Roller Bearing

Segmentation by application
    Automotive Industry
    Industrial Machine
    Aerospace Industry
    Others

This report also splits the market by region:
    Americas
        United States
        Canada
        Mexico
        Brazil
    APAC
        China
        Japan
        Korea
        Southeast Asia
        India
        Australia
    Europe
        Germany
        France
        UK
        Italy
        Russia
    Middle East & Africa
        Egypt
        South Africa
        Israel
        Turkey
        GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
    SKF
    Schaeffler
    NSK
    NTN
    JTEKT
    Timken
    NMB Minebea
    Rexnord
    NACHI
    LYC
    RBC Bearings
    ZWZ
    C&U GROUP
    Rothe Erde
    HARBIN Bearing

List of Tables
    Table 1. Bearings Market Size CAGR by Region (2018 VS 2022 VS 2029) & ($ Millions)
    Table 2. Major Players of Ball Bearing
    Table 3. Major Players of Roller Bearing
    Table 4. Bearings Market Size CAGR by Type (2018 VS 2022 VS 2029) & ($ Millions)
    Table 5. Global Bearings Market Size by Type (2018-2023) & ($ Millions)
    Table 6. Global Bearings Market Size Market Share by Type (2018-2023)
    Table 7. Bearings Market Size CAGR by Application (2018 VS 2022 VS 2029) & ($ Millions)
    Table 8. Global Bearings Market Size by Application (2018-2023) & ($ Millions)
    Table 9. Global Bearings Market Size Market Share by Application (2018-2023)
    Table 10. Global Bearings Revenue by Players (2018-2023) & ($ Millions)
    Table 11. Global Bearings Revenue Market Share by Player (2018-2023)
    Table 12. Bearings Key Players Head office and Products Offered
    Table 13. Bearings Concentration Ratio (CR3, CR5 and CR10) & (2021-2023)
    Table 14. New Products and Potential Entrants
    Table 15. Mergers & Acquisitions, Expansion
    Table 16. Global Bearings Market Size by Regions 2018-2023 & ($ Millions)
    Table 17. Global Bearings Market Size Market Share by Regions (2018-2023)
    Table 18. Global Bearings Revenue by Country/Region (2018-2023) & ($ millions)
    Table 19. Global Bearings Revenue Market Share by Country/Region (2018-2023)
    Table 20. Americas Bearings Market Size by Country (2018-2023) & ($ Millions)
    Table 21. Americas Bearings Market Size Market Share by Country (2018-2023)
    Table 22. Americas Bearings Market Size by Type (2018-2023) & ($ Millions)
    Table 23. Americas Bearings Market Size Market Share by Type (2018-2023)
    Table 24. Americas Bearings Market Size by Application (2018-2023) & ($ Millions)
    Table 25. Americas Bearings Market Size Market Share by Application (2018-2023)
    Table 26. APAC Bearings Market Size by Region (2018-2023) & ($ Millions)
    Table 27. APAC Bearings Market Size Market Share by Region (2018-2023)
    Table 28. APAC Bearings Market Size by Type (2018-2023) & ($ Millions)
    Table 29. APAC Bearings Market Size Market Share by Type (2018-2023)
    Table 30. APAC Bearings Market Size by Application (2018-2023) & ($ Millions)
    Table 31. APAC Bearings Market Size Market Share by Application (2018-2023)
    Table 32. Europe Bearings Market Size by Country (2018-2023) & ($ Millions)
    Table 33. Europe Bearings Market Size Market Share by Country (2018-2023)
    Table 34. Europe Bearings Market Size by Type (2018-2023) & ($ Millions)
    Table 35. Europe Bearings Market Size Market Share by Type (2018-2023)
    Table 36. Europe Bearings Market Size by Application (2018-2023) & ($ Millions)
    Table 37. Europe Bearings Market Size Market Share by Application (2018-2023)
    Table 38. Middle East & Africa Bearings Market Size by Region (2018-2023) & ($ Millions)
    Table 39. Middle East & Africa Bearings Market Size Market Share by Region (2018-2023)
    Table 40. Middle East & Africa Bearings Market Size by Type (2018-2023) & ($ Millions)
    Table 41. Middle East & Africa Bearings Market Size Market Share by Type (2018-2023)
    Table 42. Middle East & Africa Bearings Market Size by Application (2018-2023) & ($ Millions)
    Table 43. Middle East & Africa Bearings Market Size Market Share by Application (2018-2023)
    Table 44. Key Market Drivers & Growth Opportunities of Bearings
    Table 45. Key Market Challenges & Risks of Bearings
    Table 46. Key Industry Trends of Bearings
    Table 47. Global Bearings Market Size Forecast by Regions (2024-2029) & ($ Millions)
    Table 48. Global Bearings Market Size Market Share Forecast by Regions (2024-2029)
    Table 49. Global Bearings Market Size Forecast by Type (2024-2029) & ($ Millions)
    Table 50. Global Bearings Market Size Forecast by Application (2024-2029) & ($ Millions)
    Table 51. SKF Details, Company Type, Bearings Area Served and Its Competitors
    Table 52. SKF Bearings Product Offered
    Table 53. SKF Bearings Revenue ($ million), Gross Margin and Market Share (2018-2023)
    Table 54. SKF Main Business
    Table 55. SKF Latest Developments
    Table 56. Schaeffler Details, Company Type, Bearings Area Served and Its Competitors
    Table 57. Schaeffler Bearings Product Offered
    Table 58. Schaeffler Main Business
    Table 59. Schaeffler Bearings Revenue ($ million), Gross Margin and Market Share (2018-2023)
    Table 60. Schaeffler Latest Developments
    Table 61. NSK Details, Company Type, Bearings Area Served and Its Competitors
    Table 62. NSK Bearings Product Offered
    Table 63. NSK Main Business
    Table 64. NSK Bearings Revenue ($ million), Gross Margin and Market Share (2018-2023)
    Table 65. NSK Latest Developments
    Table 66. NTN Details, Company Type, Bearings Area Served and Its Competitors
    Table 67. NTN Bearings Product Offered
    Table 68. NTN Main Business
    Table 69. NTN Bearings Revenue ($ million), Gross Margin and Market Share (2018-2023)
    Table 70. NTN Latest Developments
    Table 71. JTEKT Details, Company Type, Bearings Area Served and Its Competitors
    Table 72. JTEKT Bearings Product Offered
    Table 73. JTEKT Main Business
    Table 74. JTEKT Bearings Revenue ($ million), Gross Margin and Market Share (2018-2023)
    Table 75. JTEKT Latest Developments
    Table 76. Timken Details, Company Type, Bearings Area Served and Its Competitors
    Table 77. Timken Bearings Product Offered
    Table 78. Timken Main Business
    Table 79. Timken Bearings Revenue ($ million), Gross Margin and Market Share (2018-2023)
    Table 80. Timken Latest Developments
    Table 81. NMB Minebea Details, Company Type, Bearings Area Served and Its Competitors
    Table 82. NMB Minebea Bearings Product Offered
    Table 83. NMB Minebea Main Business
    Table 84. NMB Minebea Bearings Revenue ($ million), Gross Margin and Market Share (2018-2023)
    Table 85. NMB Minebea Latest Developments
    Table 86. Rexnord Details, Company Type, Bearings Area Served and Its Competitors
    Table 87. Rexnord Bearings Product Offered
    Table 88. Rexnord Main Business
    Table 89. Rexnord Bearings Revenue ($ million), Gross Margin and Market Share (2018-2023)
    Table 90. Rexnord Latest Developments
    Table 91. NACHI Details, Company Type, Bearings Area Served and Its Competitors
    Table 92. NACHI Bearings Product Offered
    Table 93. NACHI Main Business
    Table 94. NACHI Bearings Revenue ($ million), Gross Margin and Market Share (2018-2023)
    Table 95. NACHI Latest Developments
    Table 96. LYC Details, Company Type, Bearings Area Served and Its Competitors
    Table 97. LYC Bearings Product Offered
    Table 98. LYC Main Business
    Table 99. LYC Bearings Revenue ($ million), Gross Margin and Market Share (2018-2023)
    Table 100. LYC Latest Developments
    Table 101. RBC Bearings Details, Company Type, Bearings Area Served and Its Competitors
    Table 102. RBC Bearings Bearings Product Offered
    Table 103. RBC Bearings Bearings Revenue ($ million), Gross Margin and Market Share (2018-2023)
    Table 104. RBC Bearings Main Business
    Table 105. RBC Bearings Latest Developments
    Table 106. ZWZ Details, Company Type, Bearings Area Served and Its Competitors
    Table 107. ZWZ Bearings Product Offered
    Table 108. ZWZ Main Business
    Table 109. ZWZ Bearings Revenue ($ million), Gross Margin and Market Share (2018-2023)
    Table 110. ZWZ Latest Developments
    Table 111. C&U GROUP Details, Company Type, Bearings Area Served and Its Competitors
    Table 112. C&U GROUP Bearings Product Offered
    Table 113. C&U GROUP Main Business
    Table 114. C&U GROUP Bearings Revenue ($ million), Gross Margin and Market Share (2018-2023)
    Table 115. C&U GROUP Latest Developments
    Table 116. Rothe Erde Details, Company Type, Bearings Area Served and Its Competitors
    Table 117. Rothe Erde Bearings Product Offered
    Table 118. Rothe Erde Main Business
    Table 119. Rothe Erde Bearings Revenue ($ million), Gross Margin and Market Share (2018-2023)
    Table 120. Rothe Erde Latest Developments
    Table 121. HARBIN Bearing Details, Company Type, Bearings Area Served and Its Competitors
    Table 122. HARBIN Bearing Bearings Product Offered
    Table 123. HARBIN Bearing Main Business
    Table 124. HARBIN Bearing Bearings Revenue ($ million), Gross Margin and Market Share (2018-2023)
    Table 125. HARBIN Bearing Latest Developments
List of Figures
    Figure 1. Bearings Report Years Considered
    Figure 2. Research Objectives
    Figure 3. Research Methodology
    Figure 4. Research Process and Data Source
    Figure 5. Global Bearings Market Size Growth Rate 2018-2029 ($ Millions)
    Figure 6. Bearings Sales by Geographic Region (2018, 2022 & 2029) & ($ millions)
    Figure 7. Bearings Sales Market Share by Country/Region (2022)
    Figure 8. Bearings Sales Market Share by Country/Region (2018, 2022 & 2029)
    Figure 9. Global Bearings Market Size Market Share by Type in 2022
    Figure 10. Bearings in Automotive Industry
    Figure 11. Global Bearings Market: Automotive Industry (2018-2023) & ($ Millions)
    Figure 12. Bearings in Industrial Machine
    Figure 13. Global Bearings Market: Industrial Machine (2018-2023) & ($ Millions)
    Figure 14. Bearings in Aerospace Industry
    Figure 15. Global Bearings Market: Aerospace Industry (2018-2023) & ($ Millions)
    Figure 16. Bearings in Others
    Figure 17. Global Bearings Market: Others (2018-2023) & ($ Millions)
    Figure 18. Global Bearings Market Size Market Share by Application in 2022
    Figure 19. Global Bearings Revenue Market Share by Player in 2022
    Figure 20. Global Bearings Market Size Market Share by Regions (2018-2023)
    Figure 21. Americas Bearings Market Size 2018-2023 ($ Millions)
    Figure 22. APAC Bearings Market Size 2018-2023 ($ Millions)
    Figure 23. Europe Bearings Market Size 2018-2023 ($ Millions)
    Figure 24. Middle East & Africa Bearings Market Size 2018-2023 ($ Millions)
    Figure 25. Americas Bearings Value Market Share by Country in 2022
    Figure 26. United States Bearings Market Size Growth 2018-2023 ($ Millions)
    Figure 27. Canada Bearings Market Size Growth 2018-2023 ($ Millions)
    Figure 28. Mexico Bearings Market Size Growth 2018-2023 ($ Millions)
    Figure 29. Brazil Bearings Market Size Growth 2018-2023 ($ Millions)
    Figure 30. APAC Bearings Market Size Market Share by Region in 2022
    Figure 31. APAC Bearings Market Size Market Share by Type in 2022
    Figure 32. APAC Bearings Market Size Market Share by Application in 2022
    Figure 33. China Bearings Market Size Growth 2018-2023 ($ Millions)
    Figure 34. Japan Bearings Market Size Growth 2018-2023 ($ Millions)
    Figure 35. Korea Bearings Market Size Growth 2018-2023 ($ Millions)
    Figure 36. Southeast Asia Bearings Market Size Growth 2018-2023 ($ Millions)
    Figure 37. India Bearings Market Size Growth 2018-2023 ($ Millions)
    Figure 38. Australia Bearings Market Size Growth 2018-2023 ($ Millions)
    Figure 39. Europe Bearings Market Size Market Share by Country in 2022
    Figure 40. Europe Bearings Market Size Market Share by Type (2018-2023)
    Figure 41. Europe Bearings Market Size Market Share by Application (2018-2023)
    Figure 42. Germany Bearings Market Size Growth 2018-2023 ($ Millions)
    Figure 43. France Bearings Market Size Growth 2018-2023 ($ Millions)
    Figure 44. UK Bearings Market Size Growth 2018-2023 ($ Millions)
    Figure 45. Italy Bearings Market Size Growth 2018-2023 ($ Millions)
    Figure 46. Russia Bearings Market Size Growth 2018-2023 ($ Millions)
    Figure 47. Middle East & Africa Bearings Market Size Market Share by Region (2018-2023)
    Figure 48. Middle East & Africa Bearings Market Size Market Share by Type (2018-2023)
    Figure 49. Middle East & Africa Bearings Market Size Market Share by Application (2018-2023)
    Figure 50. Egypt Bearings Market Size Growth 2018-2023 ($ Millions)
    Figure 51. South Africa Bearings Market Size Growth 2018-2023 ($ Millions)
    Figure 52. Israel Bearings Market Size Growth 2018-2023 ($ Millions)
    Figure 53. Turkey Bearings Market Size Growth 2018-2023 ($ Millions)
    Figure 54. GCC Country Bearings Market Size Growth 2018-2023 ($ Millions)
    Figure 55. Americas Bearings Market Size 2024-2029 ($ Millions)
    Figure 56. APAC Bearings Market Size 2024-2029 ($ Millions)
    Figure 57. Europe Bearings Market Size 2024-2029 ($ Millions)
    Figure 58. Middle East & Africa Bearings Market Size 2024-2029 ($ Millions)
    Figure 59. United States Bearings Market Size 2024-2029 ($ Millions)
    Figure 60. Canada Bearings Market Size 2024-2029 ($ Millions)
    Figure 61. Mexico Bearings Market Size 2024-2029 ($ Millions)
    Figure 62. Brazil Bearings Market Size 2024-2029 ($ Millions)
    Figure 63. China Bearings Market Size 2024-2029 ($ Millions)
    Figure 64. Japan Bearings Market Size 2024-2029 ($ Millions)
    Figure 65. Korea Bearings Market Size 2024-2029 ($ Millions)
    Figure 66. Southeast Asia Bearings Market Size 2024-2029 ($ Millions)
    Figure 67. India Bearings Market Size 2024-2029 ($ Millions)
    Figure 68. Australia Bearings Market Size 2024-2029 ($ Millions)
    Figure 69. Germany Bearings Market Size 2024-2029 ($ Millions)
    Figure 70. France Bearings Market Size 2024-2029 ($ Millions)
    Figure 71. UK Bearings Market Size 2024-2029 ($ Millions)
    Figure 72. Italy Bearings Market Size 2024-2029 ($ Millions)
    Figure 73. Russia Bearings Market Size 2024-2029 ($ Millions)
    Figure 74. Spain Bearings Market Size 2024-2029 ($ Millions)
    Figure 75. Egypt Bearings Market Size 2024-2029 ($ Millions)
    Figure 76. South Africa Bearings Market Size 2024-2029 ($ Millions)
    Figure 77. Israel Bearings Market Size 2024-2029 ($ Millions)
    Figure 78. Turkey Bearings Market Size 2024-2029 ($ Millions)
    Figure 79. GCC Countries Bearings Market Size 2024-2029 ($ Millions)
    Figure 80. Global Bearings Market Size Market Share Forecast by Type (2024-2029)
    Figure 81. Global Bearings Market Size Market Share Forecast by Application (2024-2029)

SKF
Schaeffler
NSK
NTN
JTEKT
Timken
NMB Minebea
Rexnord
NACHI
LYC
RBC Bearings
ZWZ
C&U GROUP
Rothe Erde
HARBIN Bearing

LP Information presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

• Primary Source
  Players/Suppliers
  Industry Experts
  Distributors/Traders
  Opinion Leaders
  Front-line Staff
  Marketing Executives

  Secondary Source
  Journals and Periodicals
  Government Bodies
  Annual Reports
  Presentations
  Paid Databases
  LPI Internal Repository

• Data Synthesis
  Information Gathering
  Collation of Data
  Estimation of Key Figures
  Analysis of Derived Insights

  Data Validation
  Triangulation with Data Models
  Reference Against Proprietary
  Databases
  Corroboration with Industry Experts

• Qualitative Analysis
  Market drivers
  Market challenges
  Market trends
  Five forces analysis

  Qualitative Analysis
  Market size and forecast
  Market segmentation
  Geographical insights
  Competitive landscape