Global Bearing Market Size & Outlook, 2023-2030
Global bearing market, 2017-2030 (US$M)
Related Markets
Global bearing market highlights
- The global bearing market generated a revenue of USD 120,982.9 million in 2023 and is expected to reach USD 226,598.7 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 9.4% by 2030.
- In terms of segment, roller bearings accounted for a revenue of USD 67,811.0 million in 2023.
- Roller Bearings is the most lucrative product segment registering the fastest growth during the forecast period.
- In terms of region, Asia Pacific was the largest revenue generating market in 2023.
- Country-wise, Canada is expected to register the highest CAGR from 2024 to 2030.
Global data book summary
| Market revenue in 2023 | USD 120,982.9 million |
| Market revenue in 2030 | USD 226,598.7 million |
| Growth rate | 9.4% (CAGR from 2023 to 2030) |
| Largest segment | Roller bearings |
| Fastest growing segment | Roller Bearings |
| Historical data covered | 2017 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Ball Bearings, Roller Bearings, Plain Bearings |
Other key industry trends
- In terms of revenue, the North America accounted for 19.7% of the global bearing market in 2023.
- By country, the China is projected to lead the global market in terms of revenue in 2030.
- By country, Canada is the fastest growing regional market and is projected to reach USD 6,378.6 million by 2030.
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Bearing Market Scope
Bearing Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global bearing market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to bearing market will help companies and investors design strategic landscapes.
Roller bearings was the largest segment with a revenue share of 56.05% in 2023. Horizon Databook has segmented the Global bearing market based on ball bearings, roller bearings, plain bearings covering the revenue growth of each sub-segment from 2017 to 2030.
- Global Bearing Product Outlook (Revenue, USD Million, 2017-2030)
- Ball Bearings
- Deep Groove Bearings
- Other
- Roller Bearings
- Split
- Tapered
- Others
- Plain Bearings
- Journal Plain Bearing
- Linear Plain Bearing
- Thrust Plain Bearing
- Others
- Others
- Ball Bearings
- Global Bearing Application Outlook (Revenue, USD Million, 2017-2030)
- Automotive
- Agriculture
- Electrical
- Mining & Construction
- Railway & Aerospace
- Automotive Aftermarket
- Others
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Target buyers of Global bearing market databook
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Our clientele includes a mix of bearing market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of global-level data and insights on the Global bearing market , including forecasts for subscribers. This global databook contains high-level insights into Global bearing market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Global bearing market size, by regions, 2017-2030 (US$M)
Top 10 countries: Bearing market size, 2023 (US$M)
Global bearing market share, by product, 2023 & 2030 (%, US$M)
Bearing market: Opportunity assessment by country
Global bearing market, by region, 2023 (US$M)
| Product | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | CAGR |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| North America | 19,854.9 | 20,832.3 | 21,976.9 | 19,405.5 | 20,745.3 | 22,198.1 | 23,800.9 | 25,575.9 | 27,541.4 | 29,670.7 | 32,064.4 | 34,753.7 | 37,750.9 | 41,060.6 | 8.1% |
| Europe | 26,768.6 | 28,251.1 | 29,977.9 | 26,641.7 | 28,665.3 | 30,871.1 | 33,314.3 | 36,030.4 | 39,050.5 | 42,370.7 | 46,107.8 | 50,320.5 | 55,055.5 | 60,319.7 | 8.9% |
| Asia Pacific | 36,483.4 | 39,042.4 | 42,008.2 | 37,855.3 | 41,300.3 | 45,100.6 | 49,350.6 | 54,120.7 | 59,477.5 | 65,361.2 | 72,088.2 | 79,754.6 | 88,444.4 | 98,203.8 | 10.3% |
| Latin America | 7,294.6 | 7,746.2 | 8,270.6 | 7,395.6 | 8,006.6 | 8,676.1 | 9,420.6 | 10,251.8 | 11,179.8 | 12,210.3 | 13,371.7 | 14,685.7 | 16,168.9 | 17,828.2 | 9.5% |
| MEA | 4,120.7 | 4,352.4 | 4,615.5 | 4,104.8 | 4,413.1 | 4,741.5 | 5,096.5 | 5,481.3 | 5,897.6 | 6,503.1 | 7,080.7 | 7,689.1 | 8,392.1 | 9,186.5 | 8.8% |
| Overall | 94,522.1 | 100,224.3 | 106,848.9 | 95,402.9 | 103,130.6 | 111,587.3 | 120,983.0 | 131,460.1 | 143,146.8 | 156,115.9 | 170,712.8 | 187,203.7 | 205,811.7 | 226,598.7 | 9.4% |
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