Ball Bearing Manufacturing in the US - Industry Market Research Report

Ball Bearing Manufacturing in the US - Industry Market Research Report

Ball Bearing Manufacturing in the US

The ball bearing manufacturing industry manufactures ball bearing components used to fix, hold or guide moving parts and reduce rotational friction between two or more rotating parts. Manufacturers use various bearings, including ball, tapered and spherical products. The industry has experienced multiple headwinds in recent years as weakened downstream markets and rising steel prices have put downward pressure on manufacturers. Overall, revenue is expected to fall at a CAGR of 6.2% to $5.6 billion over the five years to 2023, including an expected decline of 1.4% in 2023. Profit has also fallen to 6.4% of revenue in 2023, down from 6.6% in 2018.

Operators in this industry manufacture ball bearings and roller bearings for use in transportation and industrial equipment manufacturing. Major markets include the transportation, defense, space and energy sectors. Operators do not manufacture plain (nonball and nonroller) bearings.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.