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Global Bearings

Publisher GlobalData
Published Mar 06, 2025
Length 47 Pages
SKU # GBDT20028558

Description

Global Bearings

Summary

Global Bearings 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 global bearings market recorded revenues of $116.6 billion in 2024, representing a compound annual growth rate (CAGR) of 5.8% between 2019 and 2024.
  • The automotive segment accounted for the market's largest proportion in 2024, with total revenues of $46.7 billion, equivalent to 40.1% of the market's overall value.
  • In 2024, North America was the largest market in the global bearings market, with a share of 55.7%. It is followed by Europe and North America accounting for 20.3% and 19.3%, respectively.
Scope
  • Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the bearings market in the global
  • Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the global bearings market
  • 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 Global bearings market with five year forecasts
Reasons to Buy
  • What was the size of the Global bearings market by value in 2024?
  • What will be the size of the Global bearings market in 2029?
  • What factors are affecting the strength of competition in the Global bearings market?
  • How has the market performed over the last five years?
  • What are the main segments that make up the global's bearings market?

Table of Contents

47 Pages
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. The Timken Co
8.2. NSK Corp
8.3. Schaeffler AG
8.4. AB SKF
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: Global bearings market value: $ million, 2019–24
Table 2: Global bearings market category segmentation: % share, by value, 2019–24
Table 3: Global bearings market category segmentation: $ million, 2019-24
Table 4: Global bearings market geography segmentation: $ million, 2024
Table 5: Global bearings market value forecast: $ million, 2024–29
Table 6: The Timken Co: Key Facts
Table 7: The Timken Co: annual financial ratios
Table 8: The Timken Co: key employees
Table 9: The Timken Co: key employees Continued
Table 10: NSK Corp: Key Facts
Table 11: NSK Corp: key employees
Table 12: Schaeffler AG: Key Facts
Table 13: Schaeffler AG: annual financial ratios
Table 14: Schaeffler AG: key employees
Table 15: Schaeffler AG: key employees Continued
Table 16: AB SKF: Key Facts
Table 17: AB SKF: annual financial ratios
Table 18: AB SKF: key employees
Table 19: Global Exchange Rate, 2019–24
List of Figures
Figure 1: Global bearings market value: $ million, 2019–24
Figure 2: Global bearings market category segmentation: $ million, 2019-24
Figure 3: Global bearings market geography segmentation: % share, by value, 2024
Figure 4: Global bearings market value forecast: $ million, 2024–29
Figure 5: Forces driving competition in the global bearings market, 2024
Figure 6: Drivers of buyer power in the global bearings market, 2024
Figure 7: Drivers of supplier power in the global bearings market, 2024
Figure 8: Factors influencing the likelihood of new entrants in the global bearings market, 2024
Figure 9: Factors influencing the threat of substitutes in the global bearings market, 2024
Figure 10: Drivers of degree of rivalry in the global bearings market, 2024

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