The Bearings 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 Bearings Market?
The Bearings Global Market Report sees robust growth trend. The market size is projected to expand from $136.29 billion in 2024 to $148.29 billion in 2025, signifying an 8.8% Compound Annual Growth Rate (CAGR).
What are the 2025 Market Projections: Forecasted Size & Growth Rate for the Bearings Industry?
The Bearings Global Market Report 2025 predicts that by 2029, the bearings market will have grown to $211.5 billion, with a compound annual growth rate (CAGR) of 9.3%.
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What are the Key Growth Drivers Fueling the Bearings Market?
The key drivers in the bearings market are:
• Adoption of bearings in renewable energy applications
• Demand for bearings in medical and healthcare equipment
• Expansion of industrial automation and robotics
• Growing investments in aerospace and aviation technologies.
Global Market Segmentation: Identifying Major Bearings Industry Segments
The bearings market covered in this report is segmented –
1) By Bearing Type: Unmounted Bearing, Mounted Bearing
2) By Material: Metal, Plastic, Ceramics
3) By Application: Automotive, Agriculture, Electrical, Mining and construction, Railway and Aerospace, Automotive After market, Other Applications
4) By Distribution Channel: Online, Offline
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What are the Emerging Trends Shaping the Future of the Bearings Market?
The key trends in the digestive and intestinal remedies market are:
• Technological advancements in bearing materials and designs are shaping the future of the market.
• The focus on sustainability and production of eco-friendly bearings is a notable emerging trend.
• The use of 3D printing and additive manufacturing in the production of bearings is on the rise.
• The market is being influenced by the shift towards high-speed and high-temperature bearings.
Who Are the Top Competitors & Leading Players in the Bearings Market?
Major companies in the bearings market are:
• Harbin Bearing Manufacturing Co. Ltd.
• HKT Bearings Limited
• Igus Inc.
• JTEKT Corporation
• MinebeaMitsumi Inc.
• ISB Industries S.r.l.
• KOYO Corporation of U.S.A.
• THB Bearings Co. Ltd.
• Myonic GmbH
• SKF Group
• LYC Bearing Corporation Limited
• NTN Corporation
• RKB Europe S.A.
• NSK Ltd.
• NBI Bearings Europe S.A.
• Rexnord Corporation
• Schaeffler Technologies AG & Co. KG
• The Timken Company
• C&U Group Company Limited
• Luoyang LYC Bearing Co. Ltd.
• Daido Metal Co. Ltd.
• THK Co. Ltd.
• GGB Bearing Technology
• RBC Bearings Incorporated
Regional Dominance: Which Area Leads the Global Bearings Market?
Asia-Pacific was the largest region in the bearings market in 2024
