Global Axial Ball Bearings Market Growth 2024-2030

Global Axial Ball Bearings Market Growth 2024-2030

Axial ball bearings include thrust ball bearings, thrust cylindrical roller bearings, thrust needle roller bearings, thrust tapered roller bearings and thrust spherical roller bearings.

The global Axial Ball Bearings market size is projected to grow from US$ 14890 million in 2023 to US$ 21950 million in 2030; it is expected to grow at a CAGR of 5.7% from 2024 to 2030.

LP Information, Inc. (LPI) ' newest research report, the “Axial Ball Bearings Industry Forecast” looks at past sales and reviews total world Axial Ball Bearings sales in 2023, providing a comprehensive analysis by region and market sector of projected Axial Ball Bearings sales for 2024 through 2030. With Axial Ball Bearings sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Axial Ball Bearings industry.

This Insight Report provides a comprehensive analysis of the global Axial Ball Bearings landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Axial Ball Bearings portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Axial Ball Bearings market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Axial Ball Bearings and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Axial Ball Bearings.

Rising production of automobiles, rising demand from emerging countries, and rising demand for technology-enhanced solutions are driving the growth of the global automotive industry bearings market. In recent years, the demand for higher performance, less maintenance and longer life bearings has increased. Ball bearings have spherical rolling elements for smaller loads, while roller bearings have oval rolling elements for larger loads. Linear bearings are used for linear motion along an axis and can also be rotated. Pre-assembled bearings are sets of bearings that are pre-assembled in frames and attached to frames and other structures used to support shaft ends and other structures. The demand for electric vehicles is primarily driven by rising vehicle sales and rising usage of these vehicles. An average passenger car has 35 bearings, depending on the vehicle model and the extensive use of robotics. The latest technical upgrade of the dual-clutch automatic transmission required the introduction of three more bearings, two main shafts for the second transmission, and one on the dual-clutch. Furthermore, the development of high capacity bearings coupled with superior lubrication performance will drive the growth of the bearings market. Bearings are important in powering multiple rotating elements and maintaining the load characteristics of various mechanical equipment. Increasing demand for specialized systems to meet the needs of specific industries, such as aircraft support systems, gas meters, and various industries are driving the growth of the ball bearing market, who are interested in components, fixtures, and machines designed with extremely low tolerances, And remain stable under harsh working conditions. Rising demand for ball bearings owing to surge in usage of customized bearings is expected to drive market revenue growth. The rise of digitalization and smart technologies embedded in bearings is driving the growth of the market. Digitization is one of the key ways to access wireless options in verticals. Digitization of bearings is realized by changing the lubrication state and vibration mode of the bearings. Analyze these measurements to take corrective action when potential problems arise. The combination of sensors and bearings has been developed into smart bearings. For industrial operations, sensors conveniently measure orientation, temperature, speed, and vibration of these bearings. Furthermore, the advent of the Internet of Things (IoT) and real-time artificial intelligence (AI) facilitates end users to easily monitor the shape of their bearings at any time.

This report presents a comprehensive overview, market shares, and growth opportunities of Axial Ball Bearings market by product type, application, key manufacturers and key regions and countries.

Segmentation by type
Single-Direction Bearings
Double-Direction Bearings

Segmentation by application
Crane Hooks
Pumps
Centrifuges
Low Speed Reducer
Others

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
SKF
Timken
Nachi Europe GmbH
JTEKT
NSK
Schaeffler
NTN Bearing
Boston Gear
Galaxy Bearings
CGR Roulements
RKB
Mitsumi Electric
NKE
EBI Bearings
Boca Bearing
Kashima Bearings

Key Questions Addressed in this Report

What is the 10-year outlook for the global Axial Ball Bearings market?

What factors are driving Axial Ball Bearings market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Axial Ball Bearings market opportunities vary by end market size?

How does Axial Ball Bearings break out type, application?

Please note: The report will take approximately 2 business days to prepare and deliver.