Bearings in Asia-Pacific
Summary
Bearings in Asia-Pacific industry profile provides top-line qualitative and quantitative summary information including: market size (value 2019-24, and forecast to 2029). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Key Highlights
- Bearings are mechanical elements that reduce friction between moving elements and limit relative motion to desired motion. There are three main types of bearings: ball bearings, roller bearings, and other bearings. Other bearing types include slewing bearings, thrust ball bearings, sleeve bearings, and specialty bearings.
- The Asia-Pacific bearings market recorded revenues of $64.9 billion in 2024, representing a compound annual growth rate (CAGR) of 6% between 2019 and 2024.
- The automotive segment accounted for the market's largest proportion in 2024, with total revenues of $29.1 billion, equivalent to 44.9% of the market's overall value.
- The Asia Pacific region is experiencing a growth in bearing demand as China, India, Japan, and Southeast Asian countries expand their industrialization and infrastructural development.
- Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the bearings market in Asia-Pacific
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the bearings market in Asia-Pacific
- Leading company profiles reveal details of key bearings market players’ global operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the Asia-Pacific bearings market with five year forecasts
- What was the size of the Asia-Pacific bearings market by value in 2024?
- What will be the size of the Asia-Pacific bearings market in 2029?
- What factors are affecting the strength of competition in the Asia-Pacific bearings market?
- How has the market performed over the last five years?
- What are the main segments that make up Asia-Pacific's bearings market?
- 1 Executive Summary
- 1.1. Market value
- 1.2. Market value forecast
- 1.3. Category segmentation
- 1.4. Geography segmentation
- 1.5. Market rivalry
- 1.6. Competitive landscape
- 2 Market Overview
- 2.1. Market definition
- 2.2. Market analysis
- 3 Market Data
- 3.1. Market value
- 4 Market Segmentation
- 4.1. Category segmentation
- 4.2. Geography segmentation
- 5 Market Outlook
- 5.1. Market value forecast
- 6 Five Forces Analysis
- 6.1. Summary
- 6.2. Buyer power
- 6.3. Supplier power
- 6.4. New entrants
- 6.5. Threat of substitutes
- 6.6. Degree of rivalry
- 7 Competitive Landscape
- 7.1. Who are the leading players?
- 7.2. What are the strengths and strategies of the leading players?
- 7.3. What are the recent developments in the market?
- 8 Company Profiles
- 8.1. NTN Corp
- 8.2. MinebeaMitsumi Inc
- 8.3. Tata Steel Ltd
- 8.4. Regal Rexnord Corp
- 9 Macroeconomic Indicators
- 9.1. Country data
- 10 Appendix
- 10.1. Methodology
- 10.2. Industry associations
- 10.3. Related GlobalData research
- 10.4. About GlobalData
- List of Tables
- Table 1: Asia-Pacific bearings market value: $ million, 2019–24
- Table 2: Asia–Pacific bearings market category segmentation: % share, by value, 2019–24
- Table 3: Asia-Pacific bearings market category segmentation: $ million, 2019-24
- Table 4: Asia–Pacific bearings market geography segmentation: $ million, 2024
- Table 5: Asia-Pacific bearings market value forecast: $ million, 2024–29
- Table 6: NTN Corp: Key Facts
- Table 7: NTN Corp: annual financial ratios
- Table 8: NTN Corp: key employees
- Table 9: MinebeaMitsumi Inc: Key Facts
- Table 10: MinebeaMitsumi Inc: annual financial ratios
- Table 11: MinebeaMitsumi Inc: key employees
- Table 12: MinebeaMitsumi Inc: key employees Continued
- Table 13: Tata Steel Ltd: Key Facts
- Table 14: Tata Steel Ltd: annual financial ratios
- Table 15: Tata Steel Ltd: key employees
- Table 16: Regal Rexnord Corp: Key Facts
- Table 17: Regal Rexnord Corp: annual financial ratios
- Table 18: Regal Rexnord Corp: key employees
- Table 19: Asia-Pacific Exchange Rate, 2019–24
- List of Figures
- Figure 1: Asia-Pacific bearings market value: $ million, 2019–24
- Figure 2: Asia-Pacific bearings market category segmentation: $ million, 2019-24
- Figure 3: Asia–Pacific bearings market geography segmentation: % share, by value, 2024
- Figure 4: Asia-Pacific bearings market value forecast: $ million, 2024–29
- Figure 5: Forces driving competition in the bearings market in Asia-Pacific, 2024
- Figure 6: Drivers of buyer power in the bearings market in Asia-Pacific, 2024
- Figure 7: Drivers of supplier power in the bearings market in Asia-Pacific, 2024
- Figure 8: Factors influencing the likelihood of new entrants in the bearings market in Asia-Pacific, 2024
- Figure 9: Factors influencing the threat of substitutes in the bearings market in Asia-Pacific, 2024
- Figure 10: Drivers of degree of rivalry in the bearings market in Asia-Pacific, 2024
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