World Bearings

World Bearings

Growth in the world bearings market will average 6.1 percent per year through 2020 to $104.5 billion. Advances will be fueled in large part by rising durable goods manufacturing output. Motor vehicle production in particular will drive bearing demand gains.

This report segments the world bearings industry by product and market. Data is provided in million dollars.

Bearings products include:
Ball Bearings
Roller Bearings
Plain Bearings
Other Bearings & Bearing Parts

Ball bearings will remain the largest product segment in 2020, accounting for 36 percent of the market total. The fastest sales growth will be for plain bearings, driven by the lower cost and maintenance requirements of plain bearings relative to other product types.

Major world bearing markets include:
Motor Vehicles
Machinery
Other Applications

Motor vehicles were the leading market for bearings in 2015, accounting for 35 percent of demand. The fastest gains through 2020 are forecast for the motorcycle market, driven by a strong increase in motorcycle production.

The world bearings industry is highly fragmented and is comprised of a large number of small and mid-size companies that serve particular regions and/or markets. Leading producers of bearings include C&U, Daido Metal, European Bearing, Federal-Mogul, Iljin, JTEKT, Minebea, Nachi-Fujikoshi, NSK, NTN, RBC Bearings, Rheinmetall, Robert Bosch, Schaeffler, SKF, ThyssennKrupp, Timken, and Wafangdian Bearing.

Scope of the Report
This report covers the scope, size, and growth of the $78 billion world bearings industry, including key trends bolstered by durable goods manufacturing. For six regions and 17 major countries, the study includes historical product demand for 2005, 2010, and 2015 and product demand forecasts for 2020 and 2025.

Regions covered in this report include:
North America
Western Europe
Asia/Pacific
Central & South America
Eastern Europe
Africa/Mideast