Rolling Bearing Steel Market size was valued at USD 25.2 Billion in 2024 and is forecasted to grow at a CAGR of 4.5% from 2026 to 2033, reaching USD 35.8 Billion by 2033.
The global rolling bearing steel market was valued at approximately USD 18.5 billion in 2022, with a compound annual growth rate (CAGR) of around 5.6% expected from 2023 to 2030. This market growth can be attributed to the increasing demand for rolling bearings in automotive, industrial machinery, and aerospace sectors. Additionally, the growing need for high performance materials in manufacturing and technology innovations is driving market expansion. The automotive sector, particularly in the production of electric vehicles (EVs) and hybrid cars, is anticipated to be a major contributor to market growth, as rolling bearings are integral to vehicle performance and efficiency. The overall market size is expected to reach around USD 29.8 billion by 2030. In terms of regional analysis, Asia Pacific dominates the rolling bearing steel market, accounting for over 45% of the global market share in 2022. The region is poised for continued growth, driven by the rapid industrialization in countries like China and India, along with an increase in manufacturing activities. North America and Europe also represent significant markets for rolling bearing steel, with a steady demand driven by automotive, aerospace, and renewable energy sectors. The North American market is expected to witness moderate growth, driven by advancements in technology and manufacturing practices. The European market will likely see a surge in demand for rolling bearing steel, particularly in industries focusing on automation and sustainability, which will fuel the market during the forecast period. Latin America and the Middle East & Africa are expected to experience slower but steady growth in the coming years, as industries in these regions adopt more advanced manufacturing techniques.
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CITIC steel
OVAKO
Sanyo Special Steel
Saarstahl
JFE Steel
Dongbei Special Steel
Kobe Steel
Carpenter Technology
Shandong Shouguang Juneng
Nanjing Iron and Steel
Benxi Steel Group
HBIS GROUP
Nippon Steel
Suzhou Steel GROUP
Baoshan Steel
Jiyuan iron and Steel Group
Aichi Steel
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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. 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.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Rolling Bearing Steel Market
High Carbon Chromium Steel
Stainless Steel
Alloy Steel
Carbon Steel
Automotive
Aerospace
Industrial Machinery
Railway
Construction Equipment
Renewable Energy (Wind Turbines)
Ball Bearings
Cylindrical Roller Bearings
Tapered Roller Bearings
Spherical Roller Bearings
Needle Bearings
Forging
Casting
Machining
Heat Treatment
Surface Treatment
Original Equipment Manufacturers (OEMs)
Aftermarket Suppliers
Maintenance, Repair, and Overhaul (MRO) Services
Distributors and Retailers
End-Users in Heavy Industries
US (United States, US 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)
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1. Introduction of the Global Rolling Bearing Steel 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 Rolling Bearing Steel Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Rolling Bearing Steel Market, By Type
6. Global Rolling Bearing Steel Market, By Application
7. Global Rolling Bearing Steel Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global Rolling Bearing Steel Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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