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Bearing Market - Industry Dynamics, Market Size, And Opportunity Forecast To 2031

Global Bearing Market: By Product (Ball Bearings, Roller Bearings, Mounted Bearings, Linear Bearings and Others); Size (30 to 40 mm, 41 to 50 mm, 51 to 60 mm and others); material (Specialty Steel Alloys, Plastics and Ceramics); Industry (Automotive and Industrial); Industrial (OEM and Aftermarket); and Region)— Industry Dynamics, Market Size and Opportunity Forecast Until 2031

  • Published On: 09-Mar-2023  |   Format: pdfpowerpointexcel  |  Report ID: AA0322183
    Delivery: 2 to 4 Hours
Bearing Market

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Report AttributeDetails
Market Size Value in 2022US$ 75.7 Bn
Expected Revenue in 2031US$ 163.7 Bn
Historic Data2018-2021
Base Year2022
Forecast Period2023-2031
UnitValue (USD Bn)
Segments coveredBy Product, By Size, By Material, By Industry, By Industrial, By Region
Key players                                             IKO International, ISB Industries (Italcuscinetti S.p.A. a Socio Unico), JTEKT Corporation, LYC Corp., NSK Ltd., NTN Corporation, Schaeffler AG, SKF, Timken India Ltd., THK CO., Ltd., Other Prominent Players
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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$ 163.7 Bn in 2022.

The Global Bearing Market is estimated to expand at a CAGR of 9.5% over the projection period 2023-2031.

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 2022.

Specialty steel alloy material dominates the Global Bearing Market in 2022.

Machine tools industry is the highest end user in the bearings market in 2022.

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.