Global Bearing Market Size & Outlook
The bearing industry worldwide is expected to reach a projected revenue of US$ 226,598.7 million by 2030. A compound annual growth rate of 9.4% is expected of the worldwide bearing industry from 2024 to 2030.
Revenue, 2023 (US$M)
$120,982.9
Forecast, 2030 (US$M)
$226,598.7
CAGR, 2024 - 2030
9.4%
Report Coverage
Worldwide
Global bearing market, 2017-2030 (US$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 segmentation & scope
Deep Groove Bearings
Other
Split
Tapered
Others
Journal Plain Bearing
Linear Plain Bearing
Thrust Plain Bearing
Others
Others
Automotive
Agriculture
Electrical
Mining & Construction
Railway & Aerospace
Automotive Aftermarket
Others
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.
Partial client list
Global bearing market statistics, by regions, 2017-2030 (US$M)
Top 10 countries: Bearing market size, 2023 (USD Million)
Top 10 countries: Bearing market size, 2023 (USD Million)
Global bearing market, by region, 2023 (US$M)
Related regional statistics
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