North America Bearing Market Size, Share & Industry Trends Analysis Report By Product (Ball Bearings, Roller Bearings, Plain Bearings and Others), By Application, By Country and Growth Forecast, 2022 - 2028
The North America Bearing Market would witness market growth of 8.6% CAGR during the forecast period (2022-2028).
Bearings are "components that aid in the rotation of things." They support the rotating shaft within the apparatus. Automobiles, aircraft, and electric generators, among other machines, need bearings. Even everyday home equipment, such as refrigerators, vacuum cleaners, and air conditioners, contain them. Bearings support the rotating shafts of these machines' wheels, gears, turbines, rotors, etc., allowing for smoother rotation.
Thus, all types of machines necessitate a large number of the shaft for rotation, and bearings have acquired the moniker "bread and butter" of the machine industry. At first glance, bushings may appear to be simple mechanical components, but people cannot survive without them.
The most complex bearings for the most demanding applications are extremely accurate components, and their production needs some of the most advanced technological standards available today. The development of the rolling bearing, which consists of hardwood rollers supporting or carrying a moving item, is extremely ancient. It may have existed before the creation of a wheel with a simple bearing.
EV sales have climbed dramatically in recent years in Canada, the United States, and other nations, albeit still constituting a small proportion of overall vehicle sales. According to the International Energy Agency, the number of electric cars on the road increased from 180,000 in 2012 to 665,000 by the end of 2014. According to the most recent data available, electric vehicles now represent 0.28 percent of the light-duty vehicle market in Canada. Even though EV technology has been available for a while, industry insiders believe that people are uninformed of the advantages of EVs over conventional, internal combustion engine-powered vehicles (ICE).
The US market dominated the North America Bearing Market by Country in 2021; thereby, achieving a market value of $35.6 billion by 2028. The Canada market is experiencing a CAGR of 11% during (2022 - 2028). Additionally, The Mexico market would witness a CAGR of 10.1% during (2022 - 2028).
Based on Product, the market is segmented into Ball Bearings, Roller Bearings, Plain Bearings and Others. Based on Ball Bearings Type, the market is segmented into Deep Groove Bearings and Others. Based on Roller Bearings Type, the market is segmented into Split, Tapered and Others. Based on Plain Bearings Type, the market is segmented into Journal, Linear, Thrust and Others. Based on Application, the market is segmented into Automotive, Mining & Construction, Agriculture, Electrical, Railway & Aerospace, Automotive Aftermarket and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include AB SKF, NSK Ltd., NTN Corporation, RBC Bearings, Inc., Rexnord Corporation (Regal Rexnord Corporation), Schaeffler AG, The Timken Company, JTEKT Corporation, Harbin Bearing Manufacturing Co. Ltd. (HRB Group) and HKT Bearings Limited.
Scope of the Study
Market Segments covered in the Report:
By Product
- Ball Bearings
- Deep Groove Bearings
- Others
- Roller Bearings
- Split
- Tapered
- Others
- Plain Bearings
- Journal
- Linear
- Thrust
- Others
- Others
- Automotive
- Mining & Construction
- Agriculture
- Electrical
- Railway & Aerospace
- Automotive Aftermarket
- Others
- US
- Canada
- Mexico
- Rest of North America
- AB SKF
- NSK Ltd.
- NTN Corporation
- RBC Bearings, Inc.
- Rexnord Corporation (Regal Rexnord Corporation)
- Schaeffler AG
- The Timken Company
- JTEKT Corporation
- Harbin Bearing Manufacturing Co. Ltd. (HRB Group)
- HKT Bearings Limited
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- Chapter 1. Market Scope & Methodology
- 1.1 Market Definition
- 1.2 Objectives
- 1.3 Market Scope
- 1.4 Segmentation
- 1.4.1 North America Bearing Market, by Product
- 1.4.2 North America Bearing Market, by Application
- 1.4.3 North America Bearing Market, by Country
- 1.5 Methodology for the research
- Chapter 2. Market Overview
- 2.1 Introduction
- 2.1.1 Overview
- 2.1.1.1 Market Composition & Scenarios
- 2.2 Key Factors Impacting the Market
- 2.2.1 Market Drivers
- 2.2.2 Market Restraints
- Chapter 3. Competition Analysis - Global
- 3.1 KBV Cardinal Matrix
- 3.2 Recent Industry Wide Strategic Developments
- 3.2.1 Partnerships, Collaborations and Agreements
- 3.2.2 Product Launches and Product Expansions
- 3.2.3 Acquisition and Mergers
- 3.2.4 Business Expansions
- 3.3 Top Winning Strategies
- 3.3.1 Key Leading Strategies: Percentage Distribution (2018-2022)
- 3.3.2 Key Strategic Move: (Partnerships, Collaborations and Agreements: 2018 Aug– 2022,Sep) Leading Players
- 3.3.3 Key Strategic Move: (Mergers and Acquisitions: 2018, Feb - 2022, Jan) Leading Players
- Chapter 4. North America Bearing Market by Product
- 4.1 North America Ball Bearings Market by Country
- 4.2 North America Bearing Market by Ball Bearings Type
- 4.2.1 North America Deep Groove Bearings Market by Country
- 4.2.2 North America Others Market by Country
- 4.3 North America Roller Bearings Market by Country
- 4.4 North America Bearing Market by Roller Bearings Type
- 4.4.1 North America Split Market by Country
- 4.4.2 North America Tapered Market by Country
- 4.4.3 North America Others Market by Country
- 4.5 North America Plain Bearings Market by Country
- 4.6 North America Bearing Market by Plain Bearings Type
- 4.6.1 North America Journal Market by Country
- 4.6.2 North America Linear Market by Country
- 4.6.3 North America Thrust Market by Country
- 4.6.4 North America Others Market by Country
- 4.7 North America Others Market by Country
- Chapter 5. North America Bearing Market by Application
- 5.1 North America Automotive Market by Country
- 5.2 North America Mining & Construction Market by Country
- 5.3 North America Agriculture Market by Country
- 5.4 North America Electrical Market by Country
- 5.5 North America Railway & Aerospace Market by Country
- 5.6 North America Automotive Aftermarket Market by Country
- 5.7 North America Others Market by Country
- Chapter 6. North America Bearing Market by Country
- 6.1 US Bearing Market
- 6.1.1 US Bearing Market by Product
- 6.1.1.1 US Bearing Market by Ball Bearings Type
- 6.1.1.2 US Bearing Market by Roller Bearings Type
- 6.1.1.3 US Bearing Market by Plain Bearings Type
- 6.1.2 US Bearing Market by Application
- 6.2 Canada Bearing Market
- 6.2.1 Canada Bearing Market by Product
- 6.2.1.1 Canada Bearing Market by Ball Bearings Type
- 6.2.1.2 Canada Bearing Market by Roller Bearings Type
- 6.2.1.3 Canada Bearing Market by Plain Bearings Type
- 6.2.2 Canada Bearing Market by Application
- 6.3 Mexico Bearing Market
- 6.3.1 Mexico Bearing Market by Product
- 6.3.1.1 Mexico Bearing Market by Ball Bearings Type
- 6.3.1.2 Mexico Bearing Market by Roller Bearings Type
- 6.3.1.3 Mexico Bearing Market by Plain Bearings Type
- 6.3.2 Mexico Bearing Market by Application
- 6.4 Rest of North America Bearing Market
- 6.4.1 Rest of North America Bearing Market by Product
- 6.4.1.1 Rest of North America Bearing Market by Ball Bearings Type
- 6.4.1.2 Rest of North America Bearing Market by Roller Bearings Type
- 6.4.1.3 Rest of North America Bearing Market by Plain Bearings Type
- 6.4.2 Rest of North America Bearing Market by Application
- Chapter 7. Company Profiles
- 7.1 AB SKF
- 7.1.1 Company Overview
- 7.1.2 Financial Analysis
- 7.1.3 Segmental and Regional Analysis
- 7.1.4 Research & Development Expenses
- 7.1.5 Recent strategies and developments:
- 7.1.5.1 Partnerships, Collaborations, and Agreements:
- 7.1.5.2 Product Launches and Product Expansions:
- 7.1.5.3 Acquisition and Mergers:
- 7.1.5.4 Business Expansions:
- 7.2 NSK Ltd.
- 7.2.1 Company Overview
- 7.2.2 Financial Analysis
- 7.2.3 Segmental and Regional Analysis
- 7.2.4 Research & Development Expenses
- 7.2.5 Recent strategies and developments:
- 7.2.5.1 Product Launches and Product Expansions:
- 7.2.5.2 Acquisition and Mergers:
- 7.2.5.3 Business Expansions:
- 7.3 NTN Corporation
- 7.3.1 Company Overview
- 7.3.2 Financial Analysis
- 7.3.3 Segmental Analysis
- 7.3.4 Research & Development Expenses
- 7.3.5 Recent strategies and developments:
- 7.3.5.1 Partnerships, Collaborations, and Agreements:
- 7.3.5.2 Acquisition and Mergers:
- 7.4 RBC Bearings, Inc.
- 7.4.1 Company Overview
- 7.4.2 Financial Analysis
- 7.4.3 Segmental Analysis
- 7.4.4 Recent strategies and developments:
- 7.4.4.1 Acquisition and Mergers:
- 7.5 Rexnord Corporation (Regal Rexnord Corporation)
- 7.5.1 Company Overview
- 7.5.2 Financial Analysis
- 7.5.3 Segmental and Regional Analysis
- 7.5.4 Research & Development Expenses
- 7.5.5 Recent strategies and developments:
- 7.5.5.1 Partnerships, Collaborations, and Agreements:
- 7.5.5.2 Acquisition and Mergers:
- 7.6 Schaeffler AG
- 7.6.1 Company Overview
- 7.6.2 Financial Analysis
- 7.6.3 Segmental and Regional Analysis
- 7.6.4 Research & Development Expenses
- 7.6.5 Recent strategies and developments:
- 7.6.5.1 Partnerships, Collaborations, and Agreements:
- 7.6.5.2 Product Launches and Product Expansions:
- 7.6.5.3 Business Expansions:
- 7.7 The Timken Company
- 7.7.1 Company Overview
- 7.7.2 Financial Analysis
- 7.7.3 Segmental and Regional Analysis
- 7.7.4 Research & Development Expenses
- 7.8 JTEKT Corporation
- 7.8.1 Company Overview
- 7.8.2 Financial Analysis
- 7.8.3 Segmental Analysis
- 7.8.4 Research & Development Expenses
- 7.8.5 Recent strategies and developments:
- 7.8.5.1 Business Expansions:
- 7.9 Harbin Bearing Manufacturing Co. Ltd. (HRB Group)
- 7.9.1 Company Overview
- 7.10. HKT Bearings Limited
- 7.10.1 Company Overview
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