Global Bearing Market Outlook, 2027

Global Bearing Market Outlook, 2027

A bearing is a mechanical component that only permits the desired relative motion and lessens friction between moving elements. In their assemblies, bearings generally make use of balls, rollers, rings, fluids, and magnets. Radial and/or axial loads may be applied to bearings during usage. Bearings are essentially used in every sort of machinery or equipment, from automobile components, agricultural gear, and home appliances to aerospace and defence technology. The development of the worldwide bearing business is being further fuelled by expansion in the manufacturing sector, which is being fuelled by high demand from a variety of sectors, including automotive, aerospace, equipment, agricultural, railroad, construction, military, etc. According to their demands and endurance, these various types of bearings are in demand in the market. Some of the bearings are long-lasting and have a considerable load-carrying capability. Because they reduce friction and make work easier, all of these bearings are in high demand on the global market.

According to the report title, Global Bearing Market Outlook, 2027, published by Bonafide research, the market was valued at around USD 95 billion in 2021 and it is anticipated to grow with a CAGR of 6.60% from 2022 to 2027. Bearings come in a wide range of sizes and shapes and are a crucial tri-biological component of many different types of machinery. Ball bearings, roller bearings, plain bearings, magnetic bearings, fluid bearings, disc Harrow bearings, and mounted variants that can employ either plain bearings or rolling element bearings are just a few of the various types of bearings. In order to sustain radial and axial loads and reduce rotational friction, ball bearings include rolling elements with ball and spherical shapes. For larger load-carrying needs, roller bearings employ cylindrical, spherical, and needle rolling components. Since there are no moving components in plain bearings, which function on the sliding friction theory and do not use rolling elements, they are often quieter than anti-friction bearings. According to the study, the market is divided into four categories depending on the kind of product: ball bearings, roller bearings, plain bearings, and others.

The most popular ball bearing is used in machinery and other high-use transportation. It is anticipated that this move would boost sales and market expansion. To attain energy efficiency as a goal Bearings and energy conservation go hand in hand. This component's main goal is to conserve energy by minimising friction, whether it occurs during the rotation of a transmission's shafts or a car's wheel. Additionally, it is anticipated that increased demand from the global automotive industry would spur demand for commercial vehicles. It is projected that the market will have strong growth potential because of technological advancements such as smart bearings, the creation of cutting-edge materials and lubricants, and the integration of sensor units. A developed ball bearing market is highly correlated with the active demand in the state of the capital goods and engineering sectors. However, businesses are now providing integrated products that cut the number of bearings used in an assembled product greatly and lower the total cost of machinery. Additionally, this lengthens the product's shelf life and improves its dependability. Manufacturers have recently increased their R & D spending in order to respond to the growing competition by offering cutting-edge products.

Some factors are causing the market to increase steadily along with consumer demand. Since many regions of the world have seen rapid industrialization, there has been a significant increase in the need for bearings. Existing firms are now more intent on growing their operations by launching international marketing campaigns and establishing operations abroad. Businesses are implementing remarkable business tactics in order to improve and grow their operations. The bearing business has recently profited from several mergers, acquisitions, and corporate alliances.

In the past, the market for bearings has also experienced certain difficulties, which has caused market growth to slow down since the COVID-19. Other factors have also contributed to the decline in market share and value. The primary issue for manufacturers generally continues to be the cost of raw materials. About 60% to 62% of a bearing manufacturer's income comes from raw materials. For businesses, maintaining their competitiveness and ensuring sustainable profits is becoming a genuine issue due to raw material price volatility. Since high quality steel and alloy steel are the main raw materials required to make bearings, the price of bearings is closely connected with the movement of the world steel price. As a result, it is difficult for bearing producers to provide a bearing for a vehicle at a competitive price without sacrificing quality. In order to prevent failure and extend their lifespan, bearings also require routine maintenance, which raises maintenance expenses even further.

Therefore, In order to increase the growth and demand for the bearing market, companies should focus on some points which are important to them and consider in their prospects. R&D and the introduction of new products by significant important businesses are expected to boost the market growth. Infrastructure for wind turbines is being built. The need for high-performance bearings for agricultural machinery is growing. Global industrialization is increasing.

COVID-19 Impact
In order to stop the COVID-19 from spreading, the lockdowns compelled individuals to stay indoors and limited movement. Bearings are commonly used in aircraft and railroad applications since aged fleets must be replaced. Bearings are also often utilized in helicopters and airplanes. However, travel limitations enforced by the government are preventing the sector from expanding. In order to address the rising demand for specialized bearing solutions from various sectors, bearing manufacturers were continuously concentrating on product improvements prior to the COVID-19 pandemic. Following the pandemic, the bearings market is anticipated to be driven by the resumed production activity and the relaxation of travel restrictions.

Major Companies present in the market:
SKF Corporation, NTN Corporation, NSK Limited, JTEKT Corporation, The Timken Company, Schaeffler AG, Daido Metal Company Limited, Regal Rexnord Corporation, NBI Bearings Europe SA, Harbin Bearing Manufacturing Co., Limited, HKT Bearings Limited, Luoyang LYC Bearing Company Limited, Iljin Bearing, RKB Bearing, Wafangdian Bearing Group Corp, THK Co. Ltd., MinebeaMitsumi, RBC Bearings Incorporated

Considered in this report
• Geography: Global
• Historic year: 2016
• Base year: 2021
• Estimated year: 2022
• Forecast year: 2027

Aspects covered in this report
• Global Bearing market with its value and forecast along with its segments
• Region-wise bearing market analysis
• Various drivers and challenges
• On-going trends and developments
• Top profiled companies
• Strategic recommendation

Regions covered in the report
• North America (United States, Canada, Mexico)
• Europe (Germany, United Kingdom, France, Italy, Spain, Russia)
• Asia-Pacific (China, Japan, India, Australia, South Korea)
• South America (Brazil, Argentina, Colombia)
• Middle-East & Africa (UAE, Saudi Arabia, South Africa)

By product type in the report:
• Ball Bearing
• Roller Bearing
• Plain Bearing
• Others (Magnetic Bearing, Fluid Bearing, Disc Harrow Bearing, etc.)

By application type in the report:
• Automotive
• Industrial
• Aerospace
• Others (Railway, Agriculture, etc.)

By installation type in the report:
• Unmounted Bearing
• Mounted Bearing

By distribution channel in the report:
• Original equipment manufacturers (OEMs)
• Aftermarket

By material type in the report:
• Metal
• Stainless Steel
• Chrome Steel
• Carbon Steel
• Brass
• Others (Plastic, Ceramic, etc.)

The approach of the report:
This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and listing out the companies that are present in the market. The secondary research consists of third party sources such as press releases, annual report of companies, analysing the government generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning and then conducted trade calls with dealers and distributors of the market. Post this we have started doing primary calls to consumers by equally segmenting consumers in regional aspects, tier aspects, age group, and gender. Once we have primary data with us we have started verifying the details obtained from secondary sources.

Intended audience
This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to bearing industry, government bodies and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.


1. Executive Summary
2. Report Methodology
3. Market Structure
3.1. Market Considerate
3.2. Market Definition
4. Economic /Demographic Snapshot
5. Global Bearing Market Outlook
5.1. Market Size By Value
5.2. Market Share
5.2.1. By Region
5.2.2. By Product Type
5.2.3. By Application Type
5.2.4. By Installation Type
5.2.5. By Distribution Channel
5.2.6. By Material Type
5.2.7. By Company
5.2.8. By Country
6. North America Bearing Market Outlook
6.1. Market Size By Value
6.2. Market Share
6.2.1. By Country
6.2.2. By Product Type
6.2.3. By Application Type
6.2.4. By Installation Type
6.2.5. By Distribution Channel
6.2.6. By Material Type
6.3. US Bearing Market Outlook
6.3.1. Market Size By Value
6.3.2. Market Share
6.3.2.1. By Product Type
6.3.2.2. By Application Type
6.4. Canada Bearing Market Outlook
6.4.1. Market Size By Value
6.4.2. Market Share
6.4.2.1. By Product Type
6.4.2.2. By Application Type
6.5. Mexico Bearing Market Outlook
6.5.1. Market Size By Value
6.5.2. Market Share
6.5.2.1. By Product Type
6.5.2.2. By Application Type
7. Europe Bearing Market Outlook
7.1. Market Size By Value
7.2. Market Share
7.2.1. By Country
7.2.2. By Product Type
7.2.3. By Application Type
7.2.4. By Installation Type
7.2.5. By Distribution Channel
7.2.6. By Material Type
7.3. Germany Bearing Market Outlook
7.3.1. Market Size By Value
7.3.2. Market Share
7.3.2.1. By Product Type
7.3.2.2. By Application Type
7.4. UK Bearing Market Outlook
7.4.1. Market Size By Value
7.4.2. Market Share
7.4.2.1. By Product Type
7.4.2.2. By Application Type
7.5. France Bearing Market Outlook
7.5.1. Market Size By Value
7.5.2. Market Share
7.5.2.1. By Product Type
7.5.2.2. By Application Type
7.6. Italy Bearing Market Outlook
7.6.1. Market Size By Value
7.6.2. Market Share
7.6.2.1. By Product Type
7.6.2.2. By Application Type
7.7. Spain Bearing Market Outlook
7.7.1. Market Size By Value
7.7.2. Market Share
7.7.2.1. By Product Type
7.7.2.2. By Application Type
7.8. Russia Bearing Market Outlook
7.8.1. Market Size By Value
7.8.2. Market Share
7.8.2.1. By Product Type
7.8.2.2. By Application Type
8. Asia-Pacific Bearing Market Outlook
8.1. Market Size By Value
8.2. Market Share
8.2.1. By Country
8.2.2. By Product Type
8.2.3. By Application Type
8.2.4. By Installation Type
8.2.5. By Distribution Channel
8.2.6. By Material Type
8.3. China Bearing Market Outlook
8.3.1. Market Size By Value
8.3.2. Market Share
8.3.2.1. By Product Type
8.3.2.2. By Application Type
8.4. Japan Bearing Market Outlook
8.4.1. Market Size By Value
8.4.2. Market Share
8.4.2.1. By Product Type
8.4.2.2. By Application Type
8.5. India Bearing Market Outlook
8.5.1. Market Size By Value
8.5.2. Market Share
8.5.2.1. By Product Type
8.5.2.2. By Application Type
8.6. Australia Bearing Market Outlook
8.6.1. Market Size By Value
8.6.2. Market Share
8.6.2.1. By Product Type
8.6.2.2. By Application Type
8.7. South Korea Bearing Market Outlook
8.7.1. Market Size By Value
8.7.2. Market Share
8.7.2.1. By Product Type
8.7.2.2. By Application Type
9. South America Bearing Market Outlook
9.1. Market Size By Value
9.2. Market Share
9.2.1. By Country
9.2.2. By Product Type
9.2.3. By Application Type
9.2.4. By Installation Type
9.2.5. By Distribution Channel
9.2.6. By Material Type
9.3. Brazil Bearing Market Outlook
9.3.1. Market Size By Value
9.3.2. Market Share
9.3.2.1. By Product Type
9.3.2.2. By Application Type
9.4. Argentina Bearing Market Outlook
9.4.1. Market Size By Value
9.4.2. Market Share
9.4.2.1. By Product Type
9.4.2.2. By Application Type
9.5. Colombia Bearing Market Outlook
9.5.1. Market Size By Value
9.5.2. Market Share
9.5.2.1. By Product Type
9.5.2.2. By Application Type
10. Middle East and Africa Bearing Market Outlook
10.1. Market Size By Value
10.2. Market Share
10.2.1. By Country
10.2.2. By Product Type
10.2.3. By Application Type
10.2.4. By Installation Type
10.2.5. By Distribution Channel
10.2.6. By Material Type
10.3. UAE Bearing Market Outlook
10.3.1. Market Size By Value
10.3.2. Market Share
10.3.2.1. By Product Type
10.3.2.2. By Application Type
10.4. Saudi Arabia Bearing Market Outlook
10.4.1. Market Size By Value
10.4.2. Market Share
10.4.2.1. By Product Type
10.4.2.2. By Application Type
10.5. South Africa Bearing Market Outlook
10.5.1. Market Size By Value
10.5.2. Market Share
10.5.2.1. By Product Type
10.5.2.2. By Application Type
11. Market Dynamics
11.1. Market Drivers
11.2. Market Challenges
12. Market Trends and Developments
12.1. XXXX
12.2. XXXX
12.3. XXXX
12.4. XXXX
13. Company Profiles
13.1. SKF Corporation
13.2. NTN Corporation
13.3. NSK Limited
13.4. JTEKT Corporation
13.5. The Timken Company
13.6. Schaeffler AG
13.7. Daido Metal Company Limited
13.8. Regal Rexnord Corporation
13.9. NBI Bearings Europe SA
13.10. Harbin Bearing Manufacturing Co., Limited
13.11. HKT Bearings Limited
13.12. Luoyang LYC Bearing Company Limited
13.13. Iljin Bearing
13.14. RKB Bearing
13.15. Wafangdian Bearing Group Corp
13.16. THK Co. Ltd.
13.18. MinebeaMitsumi
13.19. RBC Bearings Incorporated
14. Strategic Recommendations
15. Disclaimer
List of Figures
Figure 1: Global Bearing Market Size By Value 2016 to 2027F (In USD Billion)
Figure 2: Global Bearing Market Share By Product Type (2016, 2021 & 2027F)
Figure 3: Global Bearing Market Share By Application Type (2016, 2021 & 2027F)
Figure 4: Global Bearing Market Share By Installation Type (2016, 2021 & 2027F)
Figure 5: Global Bearing Market Share By Distribution Channel (2016, 2021 & 2027F)
Figure 6: Global Bearing Market Share By Material Type (2016, 2021 & 2027F)
Figure 7: North America Bearing Market Size By Value 2016 to 2027F (In USD Billion)
Figure 8: North America Bearing Market Share By Product Type (2016, 2021 & 2027F)
Figure 9: North America Bearing Market Share By Application Type (2016, 2021 & 2027F)
Figure 10: North America Bearing Market Share By Installation Type (2016, 2021 & 2027F)
Figure 11: North America Bearing Market Share By Distribution Channel (2016, 2021 & 2027F)
Figure 12: North America Bearing Market Share By Material Type (2016, 2021 & 2027F)
Figure 13: US Bearing Market Size By Value 2016 to 2027F (In USD Billion)
Figure 14: US Bearing Market Share By Product Type (2016, 2021 & 2027F)
Figure 15: US Bearing Market Share By Application Type (2016, 2021 & 2027F)
Figure 16: Canada Bearing Market Size By Value 2016 to 2027F (In USD Billion)
Figure 17: Canada Bearing Market Share By Product Type (2016, 2021 & 2027F)
Figure 18: Canada Bearing Market Share By Application Type (2016, 2021 & 2027F)
Figure 19: Mexico Bearing Market Size By Value 2016 to 2027F (In USD Billion)
Figure 20: Mexico Bearing Market Share By Product Type (2016, 2021 & 2027F)
Figure 21: Mexico Bearing Market Share By Application Type (2016, 2021 & 2027F)
Figure 22: Europe Bearing Market Size By Value 2016 to 2027F (In USD Billion)
Figure 23: Europe Bearing Market Share By Product Type (2016, 2021 & 2027F)
Figure 24: Europe Bearing Market Share By Application Type (2016, 2021 & 2027F)
Figure 25: Europe Bearing Market Share By Installation Type (2016, 2021 & 2027F)
Figure 26: Europe Bearing Market Share By Distribution Channel (2016, 2021 & 2027F)
Figure 27: Europe Bearing Market Share By Material Type (2016, 2021 & 2027F)
Figure 28: Germany Bearing Market Size By Value 2016 to 2027F (In USD Billion)
Figure 29: Germany Bearing Market Share By Product Type (2016, 2021 & 2027F)
Figure 30: Germany Bearing Market Share By Application Type (2016, 2021 & 2027F)
Figure 31: UK Bearing Market Size By Value 2016 to 2027F (In USD Billion)
Figure 32: UK Bearing Market Share By Product Type (2016, 2021 & 2027F)
Figure 33: UK Bearing Market Share By Application Type (2016, 2021 & 2027F)
Figure 34: France Bearing Market Size By Value 2016 to 2027F (In USD Billion)
Figure 35: France Bearing Market Share By Product Type (2016, 2021 & 2027F)
Figure 36: France Bearing Market Share By Application Type (2016, 2021 & 2027F)
Figure 37: Italy Bearing Market Size By Value 2016 to 2027F (In USD Billion)
Figure 38: Italy Bearing Market Share By Product Type (2016, 2021 & 2027F)
Figure 39: Italy Bearing Market Share By Application Type (2016, 2021 & 2027F)
Figure 40: Spain Bearing Market Size By Value 2016 to 2027F (In USD Billion)
Figure 41: Spain Bearing Market Share By Product Type (2016, 2021 & 2027F)
Figure 42: Spain Bearing Market Share By Application Type (2016, 2021 & 2027F)
Figure 43: Russia Bearing Market Size By Value 2016 to 2027F (In USD Billion)
Figure 44: Russia Bearing Market Share By Product Type (2016, 2021 & 2027F)
Figure 45: Russia Bearing Market Share By Application Type (2016, 2021 & 2027F)
Figure 46: Asia-Pacific Bearing Market Size By Value 2016 to 2027F (In USD Billion)
Figure 47: Asia-Pacific Bearing Market Share By Product Type (2016, 2021 & 2027F)
Figure 48: Asia-Pacific Bearing Market Share By Application Type (2016, 2021 & 2027F)
Figure 49: Asia-Pacific Bearing Market Share By Installation Type (2016, 2021 & 2027F)
Figure 50: Asia-Pacific Bearing Market Share By Distribution Channel (2016, 2021 & 2027F)
Figure 51: Asia-Pacific Bearing Market Share By Material Type (2016, 2021 & 2027F)
Figure 52: China Bearing Market Size By Value 2016 to 2027F (In USD Billion)
Figure 53: China Bearing Market Share By Product Type (2016, 2021 & 2027F)
Figure 54: China Bearing Market Share By Application Type (2016, 2021 & 2027F)
Figure 55: Japan Bearing Market Size By Value 2016 to 2027F (In USD Billion)
Figure 56: Japan Bearing Market Share By Product Type (2016, 2021 & 2027F)
Figure 57: Japan Bearing Market Share By Application Type (2016, 2021 & 2027F)
Figure 58: India Bearing Market Size By Value 2016 to 2027F (In USD Billion)
Figure 59: India Bearing Market Share By Product Type (2016, 2021 & 2027F)
Figure 60: India Bearing Market Share By Application Type (2016, 2021 & 2027F)
Figure 61: Australia Bearing Market Size By Value 2016 to 2027F (In USD Billion)
Figure 62: Australia Bearing Market Share By Product Type (2016, 2021 & 2027F)
Figure 63: Australia Bearing Market Share By Application Type (2016, 2021 & 2027F)
Figure 64: South Korea Bearing Market Size By Value 2016 to 2027F (In USD Billion)
Figure 65: South Korea Bearing Market Share By Product Type (2016, 2021 & 2027F)
Figure 66: South Korea Bearing Market Share By Application Type (2016, 2021 & 2027F)
Figure 67: South America Bearing Market Size By Value 2016 to 2027F (In USD Billion)
Figure 68: South America Bearing Market Share By Product Type (2016, 2021 & 2027F)
Figure 69: South America Bearing Market Share By Application Type (2016, 2021 & 2027F)
Figure 70: South America Bearing Market Share By Installation Type (2016, 2021 & 2027F)
Figure 71: South America Bearing Market Share By Distribution Channel (2016, 2021 & 2027F)
Figure 72: South America Bearing Market Share By Material Type (2016, 2021 & 2027F)
Figure 73: Brazil Bearing Market Size By Value 2016 to 2027F (In USD Billion)
Figure 74: Brazil Bearing Market Share By Product Type (2016, 2021 & 2027F)
Figure 75: Brazil Bearing Market Share By Application Type (2016, 2021 & 2027F)
Figure 76: Argentina Bearing Market Size By Value 2016 to 2027F (In USD Billion)
Figure 77: Argentina Bearing Market Share By Product Type (2016, 2021 & 2027F)
Figure 78: Argentina Bearing Market Share By Application Type (2016, 2021 & 2027F)
Figure 79: Colombia Bearing Market Size By Value 2016 to 2027F (In USD Billion)
Figure 80: Colombia Bearing Market Share By Product Type (2016, 2021 & 2027F)
Figure 81: Colombia Bearing Market Share By Application Type (2016, 2021 & 2027F)
Figure 82: Middle East and Africa Bearing Market Size By Value 2016 to 2027F (In USD Billion)
Figure 83: Middle East and Africa Bearing Market Share By Product Type (2016, 2021 & 2027F)
Figure 84: Middle East and Africa Bearing Market Share By Application Type (2016, 2021 & 2027F)
Figure 85: Middle East and Africa Bearing Market Share By Installation Type (2016, 2021 & 2027F)
Figure 86: Middle East and Africa Bearing Market Share By Distribution Channel (2016, 2021 & 2027F)
Figure 87: Middle East and Africa Bearing Market Share By Material Type (2016, 2021 & 2027F)
Figure 88: UAE Bearing Market Size By Value 2016 to 2027F (In USD Billion)
Figure 89: UAE Bearing Market Share By Product Type (2016, 2021 & 2027F)
Figure 90: UAE Bearing Market Share By Application Type (2016, 2021 & 2027F)
Figure 91: Saudi Arabia Bearing Market Size By Value 2016 to 2027F (In USD Billion)
Figure 92: Saudi Arabia Bearing Market Share By Product Type (2016, 2021 & 2027F)
Figure 93: Saudi Arabia Bearing Market Share By Application Type (2016, 2021 & 2027F)
Figure 94: South Africa Bearing Market Size By Value 2016 to 2027F (In USD Billion)
Figure 95: South Africa Bearing Market Share By Product Type (2016, 2021 & 2027F)
Figure 96: South Africa Bearing Market Share By Application Type (2016, 2021 & 2027F)
Figure 97: Market Attractiveness Index, 2021
Figure 98: Market Attractiveness Index, 2027F
List of Tables
Table 1: Top 10 Counties Economic Snapshot 2020
Table 2: Economic Snapshot of Other Prominent Countries 2020
Table 3: Average Exchange Rates for Converting Foreign Currencies into U.S. Dollars
Table 4: Global Bearing Market Share By Region (2016, 2021 & 2027F)
Table 5: Global Bearing Market Share By Company (2020)
Table 6: Global Bearing Market Share By Country (2016, 2021 & 2027F)
Table 7: North America Bearing Market Share By Country (2016, 2021 & 2027F)
Table 8: Europe Bearing Market Share By Country (2016, 2021 & 2027F)
Table 9: Asia-Pacific Bearing Market Share By Country (2016, 2021 & 2027F)
Table 10: South America Bearing Market Share By Country (2016, 2021 & 2027F)
Table 11: Middle East and Africa Bearing Market Share By Country (2016, 2021 & 2027F)
Table 12: Key Facts of SKF Corporation
Table 13: Key Facts of NTN Corporation
Table 14: Key Facts of NSK Limited
Table 15: Key Facts of JTEKT Corporation
Table 16: Key Facts of The Timken Company
Table 17: Key Facts of Schaeffler AG
Table 18: Key Facts of Daido Metal Company Limited
Table 19: Key Facts of Regal Rexnord Corporation
Table 20: Key Facts of NBI Bearings Europe SA
Table 21: Key Facts of Harbin Bearing Manufacturing Co., Limited
Table 22: Key Facts of HKT Bearings Limited
Table 23: Key Facts of Luoyang LYC Bearing Company Limited
Table 24: Key Facts of Iljin Bearing
Table 25: Key Facts of RKB Bearing
Table 26: Key Facts of Wafangdian Bearing Group Corp
Table 27: Key Facts of THK Co. Ltd.
Table 28: Key Facts of MinebeaMitsumi
Table 29: Key Facts of RBC Bearings Incorporated

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