Global Bearings Market (by Type, Application & Region): Insights, Trends and Forecast (2019-2023)

Global Bearings Market (by Type, Application & Region): Insights, Trends and Forecast (2019-2023)

The global bearings market value is forecasted to reach US$51.62 billion in 2023, growing at a CAGR of 5.44%, for the period spanning from 2019 to 2023. The factors such as rapid industrialization, inclining mining equipment industry, growing automotive industry, increasing urban population and growing railway bearings industry are expected to drive the market growth. However, growth of the industry would be challenged by increasing raw material prices, stringent regulations and high penetration of counterfeit bearing products in emerging nations. A few notable trends include integration of IoT with bearings, increasing adoption of magnetic bearings, emergence of application-specific bearings, growing preference for plastic bearings and high demand for integrated bearings in wind turbines.

The bearings industry consists of manufacturers of ball (open & sealed deep groove ball bearings) and roller (cylindrical, spherical, tapered & needle) bearings. Major application fields of bearings are automotive (OEM & aftermarket) and industrial (mining, aerospace, construction, agriculture, electrical & energy) sector. In terms of raw materials, bearings are manufactured primarily from steel.

The fastest growing regional market is Asia-Pacific, due to improving economic conditions and growing mining and construction operations in emerging countries. China represents one of the largest market and is already well-penetrated at developed market levels, owing to growing sales of magnetic & smart bearings products in Beijing, Shanghai and Shenzhen.

Scope of the report:

  • The report provides a comprehensive analysis of the global bearings market, segmented on the basis of types i.e. Ball & Roller and Applications i.e. Industrial & Automotive.
  • The major regional markets (Asia-Pacific, North America and Europe) have been analysed along with country coverage of China, Japan, India, US & Canada.
  • The market dynamics such as growth drivers, market trends and challenges are analysed in-depth.
  • The competitive landscape of the market, along with the company profiles of leading players i.e. AB SKF, Schaeffler Technologies AG & Co. KG, NSK LTD., NTN Corporation, JTEKT Corporation and The Timken Company are also presented in detail.
Scope of theAudience:
  • Bearings Manufacturers
  • Raw Material Suppliers
  • End Users
  • Consulting Firms
  • Investment Banks
  • Government Bodies & Regulating Authorities


1. Market Overview
1.1 Introduction
Table 1: Classification of Bearings
1.2 Classification
1.3 Ideal Properties
1.4 End Users and Applications
Table 2: Bearings End Users and Applications
1.5 Manufacturing Process
2. Global Bearings Market Analysis
2.1 Global Bearings Market Value
Table 3: Global Bearings Market Value (2014-2018)
2.2 Global Bearings Market Value Forecast
Table 4: Global Bearings Market Value Forecast (2019-2023)
2.3 Global Bearings Market Value by Segment
Table 5: Global Bearings Market Value by Segment (2018)
2.3.1 Global Ball Bearings Market Value Forecast
Table 6: Global Ball Bearings Market Value Forecast (2018-2023)
2.3.2 Global Roller Bearings Market Value Forecast
Table 7: Global Roller Bearings Market Value Forecast (2018-2023)
2.4 Global Bearings Market Value by Application
Table 8: Global Bearings Market Value by Application (2018-2023)
2.4.1 Global Industrial Bearings Market Value Forecast
Table 9: Global Industrial Bearings Market Value Forecast (2018-2023)
2.4.2 Global Industrial Bearings Market Value by Segment
Table 10: Global Industrial Bearings Market Value by Segment (2018)
2.4.3 Global OEM Industrial Bearings Market Value Forecast
Table 11: Global OEM Industrial Bearings Market Value Forecast (2018-2023)
2.4.4 Global Aftermarket Industrial Bearings Market Value Forecast
Table 12: Global Aftermarket Industrial Bearings Market Value Forecast (2018-2023)
2.4.5 Global Automotive Bearings Market Value Forecast
Table 13: Global Automotive Bearings Market Value Forecast (2018-2023)
2.4.6 Global Automotive Bearings Market Value by Segment
Table 14: Global Automotive Bearings Market Value by Segment (2018)
2.4.7 Global OEM Automotive Bearings Market Value Forecast
Table 15: Global OEM Automotive Bearings Market Value Forecast (2018-2023)
2.4.8 Global Aftermarket Automotive Bearings Market Value Forecast
Table 16: Global Aftermarket Automotive Bearings Market Value Forecast (2018-2023)
2.5 Global Bearings Market Value by Region
Table 17: Global Bearings Market Value by Region (2018)
3. Regional Bearings Market Analysis
3.1 Asia-Pacific
3.1.1 Asia-Pacific Bearings Market Value Forecast
Table 18: Asia-Pacific Bearings Market Value Forecast (2018-2023)
3.1.2 Asia-Pacific Bearings Market Value by Country
Table 19: Asia-Pacific Bearings Market Value by Country (2018)
3.1.3 China Bearings Market Value Forecast
Table 20: China Bearings Market Value Forecast (2018-2023)
3.1.4 China Bearings Market Value by Application
Table 21: China Bearings Market by Application (2018)
3.1.5 China Automotive Bearings Market Value Forecast
Table 22: China Automotive Bearings Market Value Forecast (2018-2023)
3.1.6 China Industrial Bearings Market Value Forecast
Table 23: China Industrial Bearings Market Value Forecast (2018-2023)
3.1.7 Japan Bearings Market Value Forecast
Table 24: Japan Bearings Market Value Forecast (2018-2023)
3.1.8 India Bearings Market Value Forecast
Table 25: India Bearings Market Value Forecast (2018-2023)
3.1.9 India Bearings Market Value by Segment
Table 26: India Bearings Market Value by Segment (2018)
3.1.10 India Ball Bearings Market Value Forecast
Table 27: India Ball Bearings Market Value Forecast (2018-2023)
3.1.11 India Roller Bearings Market Value Forecast
Table 28: India Roller Bearings Market Value Forecast (2018-2023)
3.1.12 India Roller Bearings Market Value by Segment
Table 29: India Roller Bearings Market Value by Segment (2018)
3.1.13 India Bearings Market Value by Application
Table 30: India Bearings Market Value by Application (2018)
3.1.14 India Industrial Bearings Market Value Forecast
Table 31: India Industrial Bearings Market Value Forecast (2018-2023)
3.1.15 India Automotive Bearings Market Value Forecast
Table 32: India Automotive Bearings Market Value Forecast (2018-2023)
3.2 North America
3.2.1 North America Bearings Market Value Forecast
Table 33: North America Bearings Market Value Forecast (2018-2023)
3.2.2 North America Bearings Market Value by Country
Table 34: North America Bearings Market Value by Country (2018)
3.2.3 The U.S. Bearings Market Value Forecast
Table 35: The U.S. Bearings Market Value Forecast (2018-2023)
3.2.4 Canada Bearings Market Value Forecast
Table 36: Canada Bearings Market Value Forecast (2018-2023)
3.3 Europe
3.3.1 Europe Bearings Market Value Forecast
Table 37: Europe Bearings Market Value Forecast (2018-2023)
4. Market Dynamics
4.1 Growth Drivers
4.1.1 Rapid Industrialization
Table 38: Global GDP per Capita (2018-2023)
4.1.2 Inclining Mining Equipment Industry
Table 39: Global Mining Equipment Industry (2018-2023)
4.1.3 Growing Automotive Industry
Table 40: Global Automotive Industry (2018-2023)
4.1.4 Increasing Urban Population
Table 41: Global Urban Population (2014-2018)
4.1.5 Swelling Indian Railway Bearings Industry
Table 42: India Railway Bearings Industry (2018-2023)
4.2 Key Trends and Developments
4.2.1 Integration of IoT with Bearings
4.2.2 Increasing Adoption of Magnetic Bearings
4.2.3 Emergence of Application-Specific Bearings
4.2.4 Growing Preference for Plastic Bearings
Table 43: Global Plastic Bearings Market (2014-2018)
4.2.5 High Demand for Integrated Bearings in Wind Turbines
4.3 Challenges
4.3.1 Increasing Raw Material Prices
Table 44: Global Iron Ore Prices (2014-2018)
4.3.2 Stringent Regulations
4.3.3 High Penetration of Counterfeit Bearing Products in Emerging Nations
5. Competitive Landscape
5.1 Global Bearings Market
5.1.1 Key Players – Market Share Comparison
Table 45: Key Players – Market Share Comparison (2018)
5.1.2 Key Players – Revenue Comparison
Table 46: Key Players – Revenue Comparison (2018)
5.1.3 Key Players – Market Cap Comparison
Table 47: Key Players – Market Cap Comparison (2019)
5.1.4 Key Players – Product Split Share Comparison
Table 48: Key Players – Product Split Share Comparison (2018)
5.1.5 Key Players – Industrial Bearings Sales by End Market Comparison
Table 49: Key Players – Industrial Bearings Sales by End Market Comparison (2018)
5.1.6 Key Players – Aerospace Bearings Market Share Comparison
Table 50: Key Players – Aerospace Bearings Market Share Comparison (2018)
5.1.7 Key Players – Automotive Bearings Market Share Comparison
Table 51: Key Players – Automotive Bearings Market Share Comparison (2018)
5.1.8 Key Players – Automotive Bearings Sales by Product Type Comparison
Table 52: Key Players – Automotive Bearings Sales by Product Type Comparison (2018)
5.1.9 Key Players – Bearings Sales by Region Comparison
Table 53: Key Players – Bearings Sales by Region Comparison (2018)
5.1.10 Key Players – Research & Development Expenditure Comparison
Table 54: Key Players – Research & Development Expenditure Comparison (2018)
5.2 India Bearings Market
5.2.1 Key Players – Market Share Comparison
Table 55: Key Players – Indian Bearings Market Share Comparison (2018)
6. Company Profiles
6.1 AB SKF
6.1.1 Business Overview
6.1.2 Financial Overview
Table 56: SKF Net Sales and Net Profit (2014-2018)
Table 57: SKF Net Sales by Segments (2018)
Table 58: SKF Net Sales by Region (2018)
6.1.3 Business Strategies
Table 59: SKF Significant Agreements (2019)
6.2 Schaeffler Technologies AG & Co. KG
6.2.1 Business Overview
6.2.2 Financial Overview
Table 60: Schaeffler Revenues and Net Income (2014-2018)
Table 61: Schaeffler Revenues by Segment (2018)
Table 62: Schaeffler Revenues by Region (2018)
6.2.3 Business Strategies
6.3 NSK LTD.
6.3.1 Business Overview
Table 63: NSK Segment Description
6.3.2 Financial Overview
Table 64: NSK Sales and Net Income (2015-2019)
Table 65: NSK Sales by Segment (2019)
Table 66: NSK Sales by Region (2019)
6.3.3 Business Strategies
6.4 NTN Corporation
6.4.1 Business Overview
6.4.2 Financial Overview
Table 67: NTN Net Sales and Net Income (Loss) (2015-2019)
Table 68: NTN Net Sales by Segment (2019)
Table 69: NTN Net Sales by Region (2019)
6.4.3 Business Strategies
6.5 JTEKT Corporation
6.5.1 Business Overview
Table 70: JTEKT Segment Description
6.5.2 Financial Overview
Table 71: JTEKT Net Sales and Net Income (2015-2019)
Table 72: JKEKT Net Sales by Segment (2019)
Table 73: JKEKT Net Sales by Region (2019)
6.5.3 Business Strategies
6.6 The Timken Company
6.6.1 Business Overview
6.6.2 Financial Overview
Table 74: Timken Net Sales and Net Income (2014-2018)
Table 75: Timken Net Sales by Segment (2018)
6.6.3 Business Strategies
Table 76: Timken Significant Agreements (2018/2019)

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