Global Bearings Market (by Type, Application & Region): Insights, Trends and Forecast (2019-2023)

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Date: 11-Dec-2019
No. of pages: 116
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The global bearings market value is forecasted to reach US$51.62 billion in 2023, growing at a CAGR of 5.44%, for the period spanning from 2019 to 2023. The factors such as rapid industrialization, inclining mining equipment industry, growing automotive industry, increasing urban population and growing railway bearings industry are expected to drive the market growth. However, growth of the industry would be challenged by increasing raw material prices, stringent regulations and high penetration of counterfeit bearing products in emerging nations. A few notable trends include integration of IoT with bearings, increasing adoption of magnetic bearings, emergence of application-specific bearings, growing preference for plastic bearings and high demand for integrated bearings in wind turbines.

The bearings industry consists of manufacturers of ball (open & sealed deep groove ball bearings) and roller (cylindrical, spherical, tapered & needle) bearings. Major application fields of bearings are automotive (OEM & aftermarket) and industrial (mining, aerospace, construction, agriculture, electrical & energy) sector. In terms of raw materials, bearings are manufactured primarily from steel.

The fastest growing regional market is Asia-Pacific, due to improving economic conditions and growing mining and construction operations in emerging countries. China represents one of the largest market and is already well-penetrated at developed market levels, owing to growing sales of magnetic & smart bearings products in Beijing, Shanghai and Shenzhen.

Scope of the report:


  • The report provides a comprehensive analysis of the global bearings market, segmented on the basis of types i.e. Ball & Roller and Applications i.e. Industrial & Automotive.

  • The major regional markets (Asia-Pacific, North America and Europe) have been analysed along with country coverage of China, Japan, India, US & Canada.

  • The market dynamics such as growth drivers, market trends and challenges are analysed in-depth.

  • The competitive landscape of the market, along with the company profiles of leading players i.e. AB SKF, Schaeffler Technologies AG & Co. KG, NSK LTD., NTN Corporation, JTEKT Corporation and The Timken Company are also presented in detail.


Key Target Audience:


  • Bearings Manufacturers

  • Raw Material Suppliers

  • End Users

  • Consulting Firms

  • Investment Banks

  • Government Bodies & Regulating Authorities

Global Bearings Market (by Type, Application & Region): Insights, Trends and Forecast (2019-2023)

Table of Contents

1. Market Overview
1.1 Introduction
1.2 Classification
1.3 Ideal Properties
1.4 End Users and Applications
1.5 Manufacturing Process

2. Global Bearings Market Analysis
2.1 Global Bearings Market Value
2.2 Global Bearings Market Value Forecast
2.3 Global Bearings Market Value by Segment
2.3.1 Global Ball Bearings Market Value Forecast
2.3.2 Global Roller Bearings Market Value Forecast
2.4 Global Bearings Market Value by Application
2.4.1 Global Industrial Bearings Market Value Forecast
2.4.2 Global Industrial Bearings Market Value by Segment
2.4.3 Global OEM Industrial Bearings Market Value Forecast
2.4.4 Global Aftermarket Industrial Bearings Market Value Forecast
2.4.5 Global Automotive Bearings Market Value Forecast
2.4.6 Global Automotive Bearings Market Value by Segment
2.4.7 Global OEM Automotive Bearings Market Value Forecast
2.4.8 Global Aftermarket Automotive Bearings Market Value Forecast
2.5 Global Bearings Market Value by Region

3. Regional Bearings Market Analysis
3.1 Asia-Pacific
3.1.1 Asia-Pacific Bearings Market Value Forecast
3.1.2 Asia-Pacific Bearings Market Value by Country
3.1.3 China Bearings Market Value Forecast
3.1.4 China Bearings Market Value by Application
3.1.5 China Automotive Bearings Market Value Forecast
3.1.6 China Industrial Bearings Market Value Forecast
3.1.7 Japan Bearings Market Value Forecast
3.1.8 India Bearings Market Value Forecast
3.1.9 India Bearings Market Value by Segment
3.1.10 India Ball Bearings Market Value Forecast
3.1.11 India Roller Bearings Market Value Forecast
3.1.12 India Roller Bearings Market Value by Segment
3.1.13 India Bearings Market Value by Application
3.1.14 India Industrial Bearings Market Value Forecast
3.1.15 India Automotive Bearings Market Value Forecast
3.2 North America
3.2.1 North America Bearings Market Value Forecast
3.2.2 North America Bearings Market Value by Country
3.2.3 The U.S. Bearings Market Value Forecast
3.2.4 Canada Bearings Market Value Forecast
3.3 Europe
3.3.1 Europe Bearings Market Value Forecast

4. Market Dynamics
4.1 Growth Drivers
4.1.1 Rapid Industrialization
4.1.2 Inclining Mining Equipment Industry
4.1.3 Growing Automotive Industry
4.1.4 Increasing Urban Population
4.1.5 Swelling Indian Railway Bearings Industry
4.2 Key Trends and Developments
4.2.1 Integration of IoT with Bearings
4.2.2 Increasing Adoption of Magnetic Bearings
4.2.3 Emergence of Application-Specific Bearings
4.2.4 Growing Preference for Plastic Bearings
4.2.5 High Demand for Integrated Bearings in Wind Turbines
4.3 Challenges
4.3.1 Increasing Raw Material Prices
4.3.2 Stringent Regulations
4.3.3 High Penetration of Counterfeit Bearing Products in Emerging Nations

5. Competitive Landscape
5.1 Global Bearings Market
5.1.1 Key Players – Market Share Comparison
5.1.2 Key Players – Revenue Comparison
5.1.3 Key Players – Market Cap Comparison
5.1.4 Key Players – Product Split Share Comparison
5.1.5 Key Players – Industrial Bearings Sales by End Market Comparison
5.1.6 Key Players – Aerospace Bearings Market Share Comparison
5.1.7 Key Players – Automotive Bearings Market Share Comparison
5.1.8 Key Players – Automotive Bearings Sales by Product Type Comparison
5.1.9 Key Players – Bearings Sales by Region Comparison
5.1.10 Key Players – Research & Development Expenditure Comparison
5.2 India Bearings Market
5.2.1 Key Players – Market Share Comparison

6. Company Profiles
6.1 AB SKF
6.1.1 Business Overview
6.1.2 Financial Overview
6.1.3 Business Strategies
6.2 Schaeffler Technologies AG & Co. KG
6.2.1 Business Overview
6.2.2 Financial Overview
6.2.3 Business Strategies
6.3 NSK LTD.
6.3.1 Business Overview
6.3.2 Financial Overview
6.3.3 Business Strategies
6.4 NTN Corporation
6.4.1 Business Overview
6.4.2 Financial Overview
6.4.3 Business Strategies
6.5 JTEKT Corporation
6.5.1 Business Overview
6.5.2 Financial Overview
6.5.3 Business Strategies
6.6 The Timken Company
6.6.1 Business Overview
6.6.2 Financial Overview
6.6.3 Business Strategies

List of Tables

Bearings End Users and Applications
Key Players – Revenue Comparison (2018)
Key Players – Industrial Bearings Sales by End Market Comparison (2018)
Key Players – Automotive Bearings Sales by Product Type Comparison (2018)
Key Players – Bearings Sales by Region Comparison (2018)
SKF Significant Agreements (2019)
NSK Segment Description
JTEKT Segment Description
Timken Significant Agreements (2018/2019)

List of Figures

Classification of Bearings
Global Bearings Market Value (2014-2018)
Global Bearings Market Value Forecast (2019-2023)
Global Bearings Market Value by Segment (2018)
Global Ball Bearings Market Value Forecast (2018-2023)
Global Roller Bearings Market Value Forecast (2018-2023)
Global Bearings Market Value by Application (2018-2023)
Global Industrial Bearings Market Value Forecast (2018-2023)
Global Industrial Bearings Market Value by Segment (2018)
Global OEM Industrial Bearings Market Value Forecast (2018-2023)
Global Aftermarket Industrial Bearings Market Value Forecast (2018-2023)
Global Automotive Bearings Market Value Forecast (2018-2023)
Global Automotive Bearings Market Value by Segment (2018)
Global OEM Automotive Bearings Market Value Forecast (2018-2023)
Global Aftermarket Automotive Bearings Market Value Forecast (2018-2023)
Global Bearings Market Value by Region (2018)
Asia-Pacific Bearings Market Value Forecast (2018-2023)
Asia-Pacific Bearings Market Value by Country (2018)
China Bearings Market Value Forecast (2018-2023)
China Bearings Market by Application (2018)
China Automotive Bearings Market Value Forecast (2018-2023)
China Industrial Bearings Market Value Forecast (2018-2023)
Japan Bearings Market Value Forecast (2018-2023)
India Bearings Market Value Forecast (2018-2023)
India Bearings Market Value by Segment (2018)
India Ball Bearings Market Value Forecast (2018-2023)
India Roller Bearings Market Value Forecast (2018-2023)
India Roller Bearings Market Value by Segment (2018)
India Bearings Market Value by Application (2018)
India Industrial Bearings Market Value Forecast (2018-2023)
India Automotive Bearings Market Value Forecast (2018-2023)
North America Bearings Market Value Forecast (2018-2023)
North America Bearings Market Value by Country (2018)
The U.S. Bearings Market Value Forecast (2018-2023)
Canada Bearings Market Value Forecast (2018-2023)
Europe Bearings Market Value Forecast (2018-2023)
Global GDP per Capita (2018-2023)
Global Mining Equipment Industry (2018-2023)
Global Automotive Industry (2018-2023)
Global Urban Population (2014-2018)
India Railway Bearings Industry (2018-2023)
Global Plastic Bearings Market (2014-2018)
Global Iron Ore Prices (2014-2018)
Key Players – Market Share Comparison (2018)
Key Players – Market Cap Comparison (2019)
Key Players – Product Split Share Comparison (2018)
Key Players – Aerospace Bearings Market Share Comparison (2018)
Key Players – Automotive Bearings Market Share Comparison (2018)
Key Players – Research & Development Expenditure Comparison (2018)
Key Players – Indian Bearings Market Share Comparison (2018)
SKF Net Sales and Net Profit (2014-2018)
SKF Net Sales by Segments (2018)
SKF Net Sales by Region (2018)
Schaeffler Revenues and Net Income (2014-2018)
Schaeffler Revenues by Segment (2018)
Schaeffler Revenues by Region (2018)
NSK Sales and Net Income (2015-2019)
NSK Sales by Segment (2019)
NSK Sales by Region (2019)
NTN Net Sales and Net Income (Loss) (2015-2019)
NTN Net Sales by Segment (2019)
NTN Net Sales by Region (2019)
JTEKT Net Sales and Net Income (2015-2019)
JKEKT Net Sales by Segment (2019)
JKEKT Net Sales by Region (2019)
Timken Net Sales and Net Income (2014-2018)
Timken Net Sales by Segment (2018)

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