Asia Pacific Bearing Market Size & Outlook, 2023-2030
Asia Pacific bearing market, 2017-2030 (US$M)
Related Markets
Asia Pacific bearing market highlights
- The Asia Pacific bearing market generated a revenue of USD 49,350.6 million in 2023.
- The market is expected to grow at a CAGR of 10.3% from 2024 to 2030.
- In terms of segment, roller bearings was the largest revenue generating product in 2023.
- Roller Bearings is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, China is expected to register the highest CAGR from 2024 to 2030.
Asia Pacific data book summary
| Market revenue in 2023 | USD 49,350.6 million |
| Market revenue in 2030 | USD 98,203.8 million |
| Growth rate | 10.3% (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 |
| Key market players worldwide | JTEKT Corp, NSK Ltd, NTN Corp, RBC Bearings Inc, Regal Rexnord Corp, Schaeffler AG ADR, SKF AB ADR, The Timken Co |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 40.8% of the global bearing market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 98,203.8 million by 2030.
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Bearing Market Scope
Bearing Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Asia Pacific 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 58.57% in 2023. Horizon Databook has segmented the Asia Pacific bearing market based on ball bearings, roller bearings, plain bearings covering the revenue growth of each sub-segment from 2017 to 2030.
- Asia Pacific 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
- Asia Pacific 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 Asia Pacific 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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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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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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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific bearing market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific bearing market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
Asia Pacific bearing market size, by country, 2017-2030 (US$M)
Asia Pacific Bearing Market Outlook Share, 2023 & 2030 (US$M)
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