Industrial Bearings Trends and Forecast
The future of the global industrial bearings market looks promising with opportunities in the mining and metal works, material handling, construction, energy, aerospace, automotive, and food and beverage markets. The global industrial bearings market is expected to reach an estimated $137.5 billion by 2030 with a CAGR of 4.5% from 2024 to 2030. The major drivers for this market are growing demand for bearings from the automotive industry, emergence of smart technologies embedded in bearings, and increasing adoption of high-performance bearings for advanced sensor units across the globe.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Industrial Bearings by Segment
The study includes a forecast for the global industrial bearings by product, end use industry, and region
Industrial Bearings Market by Product [Shipment Analysis by Value from 2018 to 2030]:
• Ball Bearings
• Roller Bearings
• Others
Industrial Bearings Market by End Use Industry [Shipment Analysis by Value from 2018 to 2030]:
• Mining and Metal
• Material Handling
• Construction
• Energy
• Aerospace
• Food and Beverage
• Others
Industrial Bearings Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Industrial Bearings Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, RandD investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies industrial bearings companies cater increasing demand, ensure competitive effectiveness, develop innovative products and technologies, reduce production costs, and expand their customer base. Some of the industrial bearings companies profiled in this report include-
· NSK Ltd
· NTN Corporation
· Rexnord Corporation
· The Timken Company
· SKF
· JTEKT Corporation
· MinebeaMitsumi Inc.
· RBC Bearings
· THB Bearings
· HKT BEARINGS
Industrial Bearings Market Insights
Lucintel forecasts that roller bearing is expected to witness highest growth over the forecast period.
Within this market, automotive will remain the largest segment due to growing automotive production and on-going technological advancement in vehicles.
APAC is expected to witness highest growth over the forecast period due to rapid industralization and significantly growing motor vehicle production in China.
Features of the Global Industrial Bearings Market
Market Size Estimates: Industrial bearings market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Industrial bearings market size by product, end use industry, and region in terms of value ($B).
Regional Analysis: Industrial Bearings Market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different product, end use industry, and regions for the industrial bearings market.
Strategic Analysis: This includes MandA, new product development, and competitive landscape of the industrial bearings market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q.1 What is the industrial bearings market size?
Answer: The global industrial bearings market is expected to reach an estimated $137.5 billion by 2030.
Q.2 What is the growth forecast for industrial bearings market?
Answer: The global industrial bearings market is expected to grow with a CAGR of 4.5% from 2024 to 2030.
Q.3 What are the major drivers influencing the growth of the industrial bearings market?
Answer: The major drivers for this market are growing demand for bearings from the automotive industry, emergence of smart technologies embedded in bearings, and increasing adoption of high-performance bearings for advanced sensor units across the globe.
Q4. What are the major segments for industrial bearings market?
Answer: The future of the global industrial bearings market looks promising with opportunities in the mining and metal works, material handling, construction, energy, aerospace, automotive, and food and beverage markets.
Q5. Who are the key industrial bearings market companies?
Answer: Some of the key industrial bearings companies are as follows:
· NSK Ltd
· NTN Corporation
· Rexnord Corporation
· The Timken Company
· SKF
· JTEKT Corporation
· MinebeaMitsumi Inc.
· RBC Bearings
· THB Bearings
· HKT BEARINGS
Q6. Which industrial bearings market segment will be the largest in future?
Answer: Lucintel forecasts that roller bearing is expected to witness highest growth over the forecast period.
Q7. In industrial bearings market, which region is expected to be the largest in next 5 years?
Answer: APAC is expected to witness highest growth over the forecast period due to rapid industralization and significantly growing motor vehicle production in China.
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the industrial bearings market by product (ball bearings, roller bearings, and others), end use industry (mining and metal works, material handling, construction, energy, aerospace, automotive, food and beverage, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What MandA activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Industrial Bearings Market, Industrial Bearings Market Size, Industrial Bearings Market Growth, Industrial Bearings Market Analysis, Industrial Bearings Market Report, Industrial Bearings Market Share, Industrial Bearings Market Trends, Industrial Bearings Market Forecast, Industrial Bearings Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.