The Bearing Steel Market Overview 2025 report reveals that the market size has grown significantly over the past few years, with projections indicating further expansion.
What are the Historical Growth Trends in the Bearing Steel Market?
The Bearing Steel Global Market Report 2025 has demonstrated a consistent expansion in recent times. The market size rose from $6.71 billion in 2024 to $6.96 billion in 2025. This represented a Compound Annual Growth Rate (CAGR) of 3.8%.
What are the 2025 Market Projections: Forecasted Size & Growth Rate for the Bearing Steel Industry?
The Bearing Steel Global Market is predicted to increase to a value of $8.15 billion in 2029, with a compound annual growth rate (CAGR) of 4.0%.
Download Your Free Sample of the 2025 Bearing Steel Market Report and Uncover Key Trends Now!
What are the Key Growth Drivers Fueling the Bearing Steel Market?
The key drivers in the bearing steel market are:
• Rising demand in the aerospace industry
• Increase in demand from the automotive sector
• Heightened investments in research and development
• Growing demand for high-quality products
Global Market Segmentation: Identifying Major Bearing Steel Industry Segments
The bearing steel market covered in this report is segmented –
1) By Product Type: High Carbon Chromium, Carburizing, High Temperature, Other Products
2) By Application: Ball Bearings, Roller Bearings, Thrust Bearings, Plain Bearings, Other Applications
3) By End Use: Automotive, Aerospace, Machinery And Equipment, Energy, Construction, Other End Uses
Pre-order the 2025 Bearing Steel Global Market Report for Fast Delivery & Comprehensive Insights!
What are the Emerging Trends Shaping the Future of the Bearing Steel Market?
The key trends in the bearing steel market are:
• Technological advancements such as digitalization of supply chains are emerging in the market.
• There is a significant trend towards advanced metallurgy.
• The introduction of ceramic bearings is a significant forthcoming trend in the industry.
• A noticeable trend is the move towards the launch of sustainable steel materials and miniaturization.
Who Are the Top Competitors & Leading Players in the Bearing Steel Market?
Major companies in the bearing steel market are:
• China Baowu Steel Group Corp. Ltd.
• Nippon Steel Corporation
• Shanghai Xincheng Precision Machinery Co. Ltd.
• Tata Steel Limited
• HBIS Group Co. Ltd.
• Schaeffler Technologies AG & Co. KG
• Kobe Steel Ltd.
• JTEKT Corporation
• MinebeaMitsumi Inc.
• Nanjing Iron and Steel Co. Ltd.
• AB SKF
• NSK Ltd.
• NTN Corporation
• The Timken Company
• Saarstahl AG
• Daido Steel Co. Ltd.
• Wafangdian Guangyang Bearing Group Co. Ltd.
• Nachi-Fujikoshi Corp.
• Fushun Special Steel Co. Ltd.
• National Engineering Industries Ltd.
• Jiangsu Suzhou Steel Group Co. Ltd.
• Fujian Longxi Bearing(Group) Corp. Ltd.
• EZM Edelstahlzieherei Mark GmbH
• Luoyang LYC Bearing Co. Ltd.
• Dongil Industries Co. Ltd.
• HKT Bearings Limited
• RKB Europe SA
• Del-Tron Precision Inc.
• THB Bearings Co. Ltd.
• Harbin Bearing Manufacturing Co. Ltd.
Regional Dominance: Which Area Leads the Global Bearing Steel Market?
Asia-Pacific was the largest region in the bearing steel market in 2024 and is expected to be the fastest-growing region in the forecast period
