North America High Heat Bearing Market Report (2021-2031) by Scope, Segmentation, Dynamics, and Competitive Analysis
Description
The North American high heat bearing market is projected to grow significantly, reaching approximately USD 2,483.98 million by 2031, up from USD 1,620.78 million in 2023, reflecting a compound annual growth rate (CAGR) of 5.5% from 2023 to 2031.
Executive Summary and Market Analysis
The growth of the high heat bearing market in North America is primarily driven by the rising demand for advanced materials and systems that can endure extreme temperatures across various sectors, including aerospace, automotive, manufacturing, and energy. The region's well-established industrial infrastructure is a key factor contributing to the increasing need for high heat bearings. Notably, the aerospace and defense sectors are major contributors to this market's expansion in the United States, Canada, and Mexico. The Aerospace Industries Association (AIA) reported that the U.S. aerospace and defense industry achieved over USD 955 billion in sales in 2023, marking a 7.1% increase from the previous year. High heat bearings are crucial for ensuring the performance and reliability of aerospace systems that operate under extreme thermal conditions.
Market Segmentation Analysis
The North American high heat bearing market can be segmented by type and industry.
By Type: The market includes plain bearings, roller bearings, and deep groove ball bearings, with roller bearings holding the largest market share in 2023. The plain bearings segment is further divided into spherical plain bearings, rod ends, and bushings.
By Industry: The market is categorized into metal processing, aerospace, defense, food and beverages, energy and power, manufacturing, automotive, and others. The manufacturing sector accounted for the largest share in 2023.
Market Outlook
The automotive industry is a continuously evolving sector, with a strong focus on enhancing engine efficiency and performance. Components used in engine systems, exhaust systems, turbochargers, and transmissions must withstand high-temperature environments, which directly benefits the high heat bearing market. In 2023, a resurgence in consumer purchases led to increased car sales, with total vehicle retail sales reaching 2.8 million units in October 2024, up from 2.14 million units in October 2023, according to the Federation of Automobile Dealers Associations (FADA). The automotive sector's growth is linked to the rising popularity of shared mobility, the integration of telematics, and consumer demand for personalized transportation options.
Metal processing plays a vital role in modern industrial production, transforming raw metals into finished products used across various industries. Government support for the metals industry fosters growth in metal processing businesses, with significant investments being made in new facilities. For instance, BENTELER announced a USD 21 million investment in a new metal processing plant in Louisiana in May 2024. Additionally, Nupur Recyclers Limited (NRL) plans to expand its operations to include the processing of metal waste and lithium-ion batteries, demonstrating a commitment to evolving consumer needs. High heat bearing materials are essential for ensuring efficiency and durability in metal forming, heat treatment, casting, and welding operations, thus supporting the growth of both the automotive and metal processing industries.
Country Insights
The North American high heat bearing market is comprised of the U.S., Canada, and Mexico, with the U.S. holding the largest market share in 2023. The International Energy Agency (IEA) reported a significant increase in electric vehicle (EV) registrations in the U.S., reaching 1.4 million in 2023, a rise of over 40% from 2022. This growth indicates a rapidly expanding EV industry, which is reshaping the automotive landscape and influencing related sectors, including high heat bearing materials and technologies used in battery, powertrain, and thermal management system manufacturing. The U.S. high heat bearing market is expected to experience substantial growth, bolstered by government support and a strong push towards sustainable transportation.
Company Profiles
Key players in the high heat bearing market include NSK Ltd, NTN Corp, RBC Bearings Incorporated, SKF AB, Global Bearing Technologies S.r.L, Dalian Chengfeng Bearing Sales Co., Ltd, Scheerer Bearing Corporation, DURBAL Metallwarenfabrik GmbH, Graphite Metallizing Corporation, and ISK bearings, among others. These companies are employing various strategies, including expansion, product innovation, and mergers and acquisitions, to enhance their product offerings and increase market share.
Reasons to Buy
Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the North America high heat bearing market.
Highlights key business priorities in order to assist companies to realign their business strategies.
The key findings and recommendations highlight crucial progressive industry trends in North America high heat bearing market, thereby allowing players across the value chain to develop effective long-term strategies.
Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
Scrutinize in-depth North America market trends and outlook coupled with the factors driving the high heat bearing market, as well as those hindering it.
Enhance the decision-making process by understanding the strategies that underpin security interest with respect to client products, segmentation, pricing, and distribution.
Executive Summary and Market Analysis
The growth of the high heat bearing market in North America is primarily driven by the rising demand for advanced materials and systems that can endure extreme temperatures across various sectors, including aerospace, automotive, manufacturing, and energy. The region's well-established industrial infrastructure is a key factor contributing to the increasing need for high heat bearings. Notably, the aerospace and defense sectors are major contributors to this market's expansion in the United States, Canada, and Mexico. The Aerospace Industries Association (AIA) reported that the U.S. aerospace and defense industry achieved over USD 955 billion in sales in 2023, marking a 7.1% increase from the previous year. High heat bearings are crucial for ensuring the performance and reliability of aerospace systems that operate under extreme thermal conditions.
Market Segmentation Analysis
The North American high heat bearing market can be segmented by type and industry.
By Type: The market includes plain bearings, roller bearings, and deep groove ball bearings, with roller bearings holding the largest market share in 2023. The plain bearings segment is further divided into spherical plain bearings, rod ends, and bushings.
By Industry: The market is categorized into metal processing, aerospace, defense, food and beverages, energy and power, manufacturing, automotive, and others. The manufacturing sector accounted for the largest share in 2023.
Market Outlook
The automotive industry is a continuously evolving sector, with a strong focus on enhancing engine efficiency and performance. Components used in engine systems, exhaust systems, turbochargers, and transmissions must withstand high-temperature environments, which directly benefits the high heat bearing market. In 2023, a resurgence in consumer purchases led to increased car sales, with total vehicle retail sales reaching 2.8 million units in October 2024, up from 2.14 million units in October 2023, according to the Federation of Automobile Dealers Associations (FADA). The automotive sector's growth is linked to the rising popularity of shared mobility, the integration of telematics, and consumer demand for personalized transportation options.
Metal processing plays a vital role in modern industrial production, transforming raw metals into finished products used across various industries. Government support for the metals industry fosters growth in metal processing businesses, with significant investments being made in new facilities. For instance, BENTELER announced a USD 21 million investment in a new metal processing plant in Louisiana in May 2024. Additionally, Nupur Recyclers Limited (NRL) plans to expand its operations to include the processing of metal waste and lithium-ion batteries, demonstrating a commitment to evolving consumer needs. High heat bearing materials are essential for ensuring efficiency and durability in metal forming, heat treatment, casting, and welding operations, thus supporting the growth of both the automotive and metal processing industries.
Country Insights
The North American high heat bearing market is comprised of the U.S., Canada, and Mexico, with the U.S. holding the largest market share in 2023. The International Energy Agency (IEA) reported a significant increase in electric vehicle (EV) registrations in the U.S., reaching 1.4 million in 2023, a rise of over 40% from 2022. This growth indicates a rapidly expanding EV industry, which is reshaping the automotive landscape and influencing related sectors, including high heat bearing materials and technologies used in battery, powertrain, and thermal management system manufacturing. The U.S. high heat bearing market is expected to experience substantial growth, bolstered by government support and a strong push towards sustainable transportation.
Company Profiles
Key players in the high heat bearing market include NSK Ltd, NTN Corp, RBC Bearings Incorporated, SKF AB, Global Bearing Technologies S.r.L, Dalian Chengfeng Bearing Sales Co., Ltd, Scheerer Bearing Corporation, DURBAL Metallwarenfabrik GmbH, Graphite Metallizing Corporation, and ISK bearings, among others. These companies are employing various strategies, including expansion, product innovation, and mergers and acquisitions, to enhance their product offerings and increase market share.
Reasons to Buy
Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the North America high heat bearing market.
Highlights key business priorities in order to assist companies to realign their business strategies.
The key findings and recommendations highlight crucial progressive industry trends in North America high heat bearing market, thereby allowing players across the value chain to develop effective long-term strategies.
Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
Scrutinize in-depth North America market trends and outlook coupled with the factors driving the high heat bearing market, as well as those hindering it.
Enhance the decision-making process by understanding the strategies that underpin security interest with respect to client products, segmentation, pricing, and distribution.
Table of Contents
124 Pages
- 1. Introduction
- 1.1 Report Guidance
- 1.2 Market Segmentation
- 2. Executive Summary
- 2.1 Key Insights
- 2.2 Market Attractiveness
- 3. Research Methodology
- 3.1 Secondary Research
- 3.2 Primary Research
- 3.2.1 Hypothesis formulation:
- 3.2.2 Macro-economic factor analysis:
- 3.2.3 Developing base number:
- 3.2.4 Data Triangulation:
- 3.2.5 Country level data:
- 4. North America High Heat Bearing Market Landscape
- 4.1 Overview
- 4.2 Ecosystem Analysis
- 4.2.1 List of Vendors in the Value Chain
- 4.2.2 High Heat Bearing Application Analysis
- 4.2.2.1 Jet Engines
- 4.2.2.2 Gas Turbines
- 4.2.2.3 Nuclear Reactors
- 4.2.2.4 Kilns
- 4.2.2.5 Industrial Ovens
- 4.2.2.6 Turbochargers
- 4.2.2.7 Others
- 4.2.3 Bearing Prices Analysis
- 5. North America High Heat Bearing Market - Key Market Dynamics
- 5.1 Market Drivers
- 5.1.1 Rising Demand in Food and Beverage Processing Industries
- 5.1.2 Increasing Investments in Aerospace and Defense Sector
- 5.1.3 Surging Demand in Automotive and Metal Processing Industries
- 5.2 Market Restraints
- 5.2.1 Cost Increase with Use of Advanced Materials in Bearing Manufacturing Processes
- 5.3 Market Opportunities
- 5.3.1 Burgeoning Investments in Renewable Energy Projects
- 5.4 Future Trends
- 5.4.1 Integration of Sensors and Advanced Technologies
- 5.5 Impact of Drivers and Restraints:
- 6. High Heat Bearing Market - North America Analysis
- 6.1 North America High Heat Bearing Market Revenue (US$ Million), 2021-2031
- 6.2 North America High Heat Bearing Market Forecast Analysis
- 7. North America High Heat Bearing Market Analysis - by Type
- 7.1 Plain Bearings
- 7.1.1 Overview
- 7.1.2 Plain Bearings: North America High Heat Bearing Market - Revenue and Forecast, 2021-2031 (US$ Million)
- 7.2 Roller Bearings
- 7.2.1 Overview
- 7.2.2 Roller Bearings: North America High Heat Bearing Market - Revenue and Forecast, 2021-2031 (US$ Million)
- 7.3 Deep Groove Ball Bearings
- 7.3.1 Overview
- 7.3.2 Deep Groove Ball Bearings: North America High Heat Bearing Market - Revenue and Forecast, 2021-2031 (US$ Million)
- 8. North America High Heat Bearing Market Analysis - by Industry
- 8.1 Metal Processing
- 8.1.1 Overview
- 8.1.2 Metal Processing: North America High Heat Bearing Market - Revenue and Forecast, 2021-2031 (US$ Million)
- 8.2 Aerospace
- 8.2.1 Overview
- 8.2.2 Aerospace: North America High Heat Bearing Market - Revenue and Forecast, 2021-2031 (US$ Million)
- 8.3 Defense
- 8.3.1 Overview
- 8.3.2 Defense: North America High Heat Bearing Market - Revenue and Forecast, 2021-2031 (US$ Million)
- 8.4 Food and Beverages
- 8.4.1 Overview
- 8.4.2 Food and Beverages: North America High Heat Bearing Market - Revenue and Forecast, 2021-2031 (US$ Million)
- 8.5 Energy and Power
- 8.5.1 Overview
- 8.5.2 Energy and Power: North America High Heat Bearing Market - Revenue and Forecast, 2021-2031 (US$ Million)
- 8.6 Manufacturing
- 8.6.1 Overview
- 8.6.2 Manufacturing: North America High Heat Bearing Market - Revenue and Forecast, 2021-2031 (US$ Million)
- 8.7 Automotive
- 8.7.1 Overview
- 8.7.2 Automotive: North America High Heat Bearing Market - Revenue and Forecast, 2021-2031 (US$ Million)
- 8.8 Others
- 8.8.1 Overview
- 8.8.2 Others: North America High Heat Bearing Market - Revenue and Forecast, 2021-2031 (US$ Million)
- 9. North America High Heat Bearing Market - Country Analysis
- 9.1 North America
- 9.1.1 North America High Heat Bearing Market Overview
- 9.1.2 North America High Heat Bearing Market - Revenue and Forecast Analysis - by Country
- 9.1.2.1 North America High Heat Bearing Market - Revenue and Forecast Analysis - by Country
- 9.1.2.2 United States: North America High Heat Bearing Market - Revenue and Forecast, 2021-2031 (US$ Million)
- 9.1.2.2.1 United States: North America High Heat Bearing Market Share - by Type
- 9.1.2.2.2 United States: North America High Heat Bearing Market Share - by Plain Bearings
- 9.1.2.2.3 United States: North America High Heat Bearing Market Share - by Industry
- 9.1.2.3 Canada: North America High Heat Bearing Market - Revenue and Forecast, 2021-2031 (US$ Million)
- 9.1.2.3.1 Canada: North America High Heat Bearing Market Share - by Type
- 9.1.2.3.2 Canada: North America High Heat Bearing Market Share - by Plain Bearings
- 9.1.2.3.3 Canada: North America High Heat Bearing Market Share - by Industry
- 9.1.2.4 Mexico: North America High Heat Bearing Market - Revenue and Forecast, 2021-2031 (US$ Million)
- 9.1.2.4.1 Mexico: North America High Heat Bearing Market Share - by Type
- 9.1.2.4.2 Mexico: North America High Heat Bearing Market Share - by Plain Bearings
- 9.1.2.4.3 Mexico: North America High Heat Bearing Market Share - by Industry
- 10. Competitive Landscape
- 10.1 Heat Map Analysis by Key Players
- 10.2 Company Positioning & Concentration
- 11. Industry Landscape
- 11.1 Overview
- 11.2 Market Initiative
- 11.3 Product Development
- 12. Company Profiles
- 12.1 NSK Ltd
- 12.1.1 Key Facts
- 12.1.2 Business Description
- 12.1.3 Products and Services
- 12.1.4 Financial Overview
- 12.1.5 SWOT Analysis
- 12.1.6 Key Developments
- 12.2 NTN Corp
- 12.2.1 Key Facts
- 12.2.2 Business Description
- 12.2.3 Products and Services
- 12.2.4 Financial Overview
- 12.2.5 SWOT Analysis
- 12.2.6 Key Developments
- 12.3 RBC Bearings Incorporated
- 12.3.1 Key Facts
- 12.3.2 Business Description
- 12.3.3 Products and Services
- 12.3.4 Financial Overview
- 12.3.5 SWOT Analysis
- 12.3.6 Key Developments
- 12.4 SKF AB
- 12.4.1 Key Facts
- 12.4.2 Business Description
- 12.4.3 Products and Services
- 12.4.4 Financial Overview
- 12.4.5 SWOT Analysis
- 12.4.6 Key Developments
- 12.5 Global Bearing Technologies S.r.L.
- 12.5.1 Key Facts
- 12.5.2 Business Description
- 12.5.3 Products and Services
- 12.5.4 Financial Overview
- 12.5.5 SWOT Analysis
- 12.5.6 Key Developments
- 12.6 Dalian Chengfeng Bearing Sales Co., Ltd
- 12.6.1 Key Facts
- 12.6.2 Business Description
- 12.6.3 Products and Services
- 12.6.4 Financial Overview
- 12.6.5 SWOT Analysis
- 12.6.6 Key Developments
- 12.7 Scheerer Bearing Corporation
- 12.7.1 Key Facts
- 12.7.2 Business Description
- 12.7.3 Products and Services
- 12.7.4 Financial Overview
- 12.7.5 SWOT Analysis
- 12.7.6 Key Developments
- 12.8 DURBAL Metallwarenfabrik GmbH
- 12.8.1 Key Facts
- 12.8.2 Business Description
- 12.8.3 Products and Services
- 12.8.4 Financial Overview
- 12.8.5 SWOT Analysis
- 12.8.6 Key Developments
- 12.9 Graphite Metallizing Corporation
- 12.9.1 Key Facts
- 12.9.2 Business Description
- 12.9.3 Products and Services
- 12.9.4 Financial Overview
- 12.9.5 SWOT Analysis
- 12.9.6 Key Developments
- 12.10 ISK bearings
- 12.10.1 Key Facts
- 12.10.2 Business Description
- 12.10.3 Products and Services
- 12.10.4 Financial Overview
- 12.10.5 SWOT Analysis
- 12.10.6 Key Developments
- 13. Appendix
- 13.1 About The Insight Partners
- List of Tables
- Table 1. North America High Heat Bearing Market Segmentation
- Table 2. List of Vendors
- Table 3. Average Bearing Price Change, 2019-2031
- Table 4. Average High Heat Bearing Price, 2019-2031
- Table 5. North America High Heat Bearing Market - Revenue and Forecast, 2021-2031 (US$ Million)
- Table 6. North America High Heat Bearing Market - Revenue and Forecast, 2021-2031 (US$ Million) - by Type
- Table 7. North America High Heat Bearing Market - Revenue and Forecast, 2021-2031 (US$ Million) - by Industry
- Table 8. North America High Heat Bearing Market - Revenue and Forecast, 2021-2031 (US$ Million) - by Country
- Table 9. United States: North America High Heat Bearing Market - Revenue and Forecast, 2021 - 2031 (US$ Million) - by Type
- Table 10. United States: North America High Heat Bearing Market - Revenue and Forecast, 2021 - 2031 (US$ Million) - by Plain Bearings
- Table 11. United States: North America High Heat Bearing Market - Revenue and Forecast, 2021 - 2031 (US$ Million) - by Industry
- Table 12. Canada: North America High Heat Bearing Market - Revenue and Forecast, 2021 - 2031 (US$ Million) - by Type
- Table 13. Canada: North America High Heat Bearing Market - Revenue and Forecast, 2021 - 2031 (US$ Million) - by Plain Bearings
- Table 14. Canada: North America High Heat Bearing Market - Revenue and Forecast, 2021 - 2031 (US$ Million) - by Industry
- Table 15. Mexico: North America High Heat Bearing Market - Revenue and Forecast, 2021 - 2031 (US$ Million) - by Type
- Table 16. Mexico: North America High Heat Bearing Market - Revenue and Forecast, 2021 - 2031 (US$ Million) - by Plain Bearings
- Table 17. Mexico: North America High Heat Bearing Market - Revenue and Forecast, 2021 - 2031 (US$ Million) - by Industry
- Table 18. Heat Map Analysis by Key Players
- List of Figures
- Figure 1. North America High Heat Bearing Market Segmentation - Country
- Figure 2. North America High Heat Bearing Market - Key Market Dynamics
- Figure 3. Impact Analysis of Drivers and Restraints
- Figure 4. North America High Heat Bearing Market Revenue (US$ Million), 2021-2031
- Figure 5. North America High Heat Bearing Market Share (%) - by Type (2023 and 2031)
- Figure 6. Plain Bearings: North America High Heat Bearing Market - Revenue and Forecast, 2021-2031 (US$ Million)
- Figure 7. Roller Bearings: North America High Heat Bearing Market - Revenue and Forecast, 2021-2031 (US$ Million)
- Figure 8. Deep Groove Ball Bearings: North America High Heat Bearing Market - Revenue and Forecast, 2021-2031 (US$ Million)
- Figure 9. North America High Heat Bearing Market Share (%) - by Industry (2023 and 2031)
- Figure 10. Metal Processing: North America High Heat Bearing Market - Revenue and Forecast, 2021-2031 (US$ Million)
- Figure 11. Aerospace: North America High Heat Bearing Market - Revenue and Forecast, 2021-2031 (US$ Million)
- Figure 12. Defense: North America High Heat Bearing Market - Revenue and Forecast, 2021-2031 (US$ Million)
- Figure 13. Food and Beverages: North America High Heat Bearing Market - Revenue and Forecast, 2021-2031 (US$ Million)
- Figure 14. Energy and Power: North America High Heat Bearing Market - Revenue and Forecast, 2021-2031 (US$ Million)
- Figure 15. Manufacturing: North America High Heat Bearing Market - Revenue and Forecast, 2021-2031 (US$ Million)
- Figure 16. Automotive: North America High Heat Bearing Market - Revenue and Forecast, 2021-2031 (US$ Million)
- Figure 17. Others: North America High Heat Bearing Market - Revenue and Forecast, 2021-2031 (US$ Million)
- Figure 18. North America High Heat Bearing Market Breakdown, by Key Countries, 2023 and 2031 (%)
- Figure 19. United States: North America High Heat Bearing Market - Revenue and Forecast, 2021- 2031 (US$ Million)
- Figure 20. Canada: North America High Heat Bearing Market - Revenue and Forecast, 2021- 2031 (US$ Million)
- Figure 21. Mexico: North America High Heat Bearing Market - Revenue and Forecast, 2021- 2031 (US$ Million)
- Figure 22. Company Positioning & Concentration
Pricing
Currency Rates
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