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Bearing Market - Industry Dynamics, Market Size, And Opportunity Forecast To 2027

Global Bearing Market- (By Product - Ball Bearings, Roller Bearings, Mounted Bearings, Linear Bearings and Others; By Size - 30 to 40 mm, 41 to 50 mm, 51 to 60 mm and others; By material – Specialty Steel Alloys, Plastics and Ceramics; By Industry – Automotive and Industrial; By Industrial – OEM and Aftermarket; and By Region) – Industry Dynamics, Market Size and Opportunity Forecast, 2027

  • Published On: 28-Mar-2022  |  Format: pdfpowerpointexcel  |  Report ID: AA0322183
    Delivery: 2 to 4 Hours
INFOGRAPHIC:
Bearing Market

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REPORT SCOPE

Report AttributeDetails
Market Size Value in 2021US$ 80,523.6 Mn
Expected Revenue in 2027US$ 1,20,054.1 Mn
Historic Data2017-2020
Base Year2021
Forecast Period2022-2027
UnitValue (USD Mn)
CAGR6.7%
Segments coveredBy Product, Size,  Material, Industry, Industrial, and Region
Leading playersSKF, Schaeffle AG, The Timken Company, NSK Ltd., IKO International, ISB Industries, and other prominent players.
Customization ScopeGet your customized report as per your preference. Ask for customization

FREQUENTLY ASKED QUESTIONS

Bearings are used in every kind of equipment or machinery, ranging from automobile parts, farm equipment, and household appliances to defense and aerospace equipment. 

Ball bearing, roller bearing, mounted bearing, linear bearing, frictionless bearing, slide bearing and jewel bearing are the various types of bearings.

Specialty steel alloys, plastics and ceramics are used in the manufacturing of bearings.

The Global Bearing Market was valued at US$ 80,523.6 Mn in 2021.

The Global Bearing Market is estimated to expand at a CAGR of 6.7% over the projection period.

The market is majorly driven by factors such as rising utilization of bearings in motor, government initiatives to drive the manufacturing sector, and increasing demand for bearings in energy-efficient cars.

The increasing sales of counterfeit products is hindering market growth. 

Ball bearing type dominates Global Bearing Market in 2021.

Specialty steel alloy material dominates the Global Bearing Market in 2021.

Machine tools industry is the highest end user in the bearings market in 2021.

Asia Pacific dominates the Global Bearing Market.

The key players in the Global Bearing Market are SKF, Schaeffle AG, The Timken Company, NSK Ltd., NTN Corporation, and JTEKT Corporation among others.