Bearing Components Market was valued at USD 60 Billion in 2022 and is projected to reach USD 85 Billion by 2030, growing at a CAGR of 4.5% from 2024 to 2030.
The global bearing components market was valued at approximately $30.5 billion in 2022 and is projected to grow at a compound annual growth rate (CAGR) of 5.2% from 2023 to 2030. This growth is attributed to increasing industrial automation, rising demand for energy-efficient systems, and advancements in bearing technologies. Key segments contributing to this market include rolling bearings, plain bearings, and mounted bearings, each experiencing robust growth due to their diverse applications across automotive, aerospace, and manufacturing industries. The market's expansion is further fueled by the integration of smart technologies in bearing components, enhancing their performance and lifespan.Emerging markets present significant opportunities for bearing components, particularly in regions such as Asia-Pacific and Latin America. These areas are witnessing rapid industrialization, infrastructure development, and growing automotive production, which drive the demand for advanced bearing solutions. The shift towards renewable energy sources and electric vehicles also opens new avenues for market growth, as specialized bearings are required for these evolving technologies. Additionally, increasing investments in manufacturing and construction sectors in emerging economies are expected to bolster the market further, creating lucrative prospects for manufacturers and suppliers of bearing components.
Get an In-Depth Research Analysis of the Global Bearing Components Market Size And Forecast [2025-2032]
SKF
Schaeffler(INA&FAG)
NSK
JTEKT (Koyo& Torrington)
NTN
NMB
TIMKEN
NACHI
ZWZ
C&U GROUP
AST
China Wanxiang
LYC
HARBIN Bearing
TMB
ZXY
FUJIAN LONGXI
China Mos Group
Luoyang Bearing
Xibei bearing
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
Get Discount On The Purchase of the Global Bearing Components Market Size And Forecast [2025-2032]
Growing demand for below applications around the world has had a direct impact on the growth of the Global Bearing Components Market
Vehicles
Power Transmission Equipment
Oilfield Machinery
Construction Machinery
Other
Based on Types the Market is categorized into Below types that held the largest Bearing Components market share In 2023.
Rollers
Balls
Rings
Cages
Others
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
For More Information or Query, Visit @ Bearing Components Market Research Analysis
1. Introduction of the Global Bearing Components Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Bearing Components Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Bearing Components Market, By Type
6. Global Bearing Components Market, By Application
7. Global Bearing Components Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Bearing Components Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
About Us: Verified Market Reports
Verified Market Reports is a leading Global Research and Consulting firm servicing over 5000+ global clients. We provide advanced analytical research solutions while offering information-enriched research studies. We also offer insights into strategic and growth analyses and data necessary to achieve corporate goals and critical revenue decisions.
Our 250 Analysts and SMEs offer a high level of expertise in data collection and governance using industrial techniques to collect and analyze data on more than 25,000 high-impact and niche markets. Our analysts are trained to combine modern data collection techniques, superior research methodology, expertise, and years of collective experience to produce informative and accurate research.
Contact us:
Mr. Edwyne Fernandes
US: +1 (650)-781-4080
US Toll-Free: +1 (800)-782-1768
Website: https://www.verifiedmarketreports.com/