Bearing Market Research Report - Global Forecast till 2027

Global Bearing Market Research Report: by Product Type (Plain Bearing, Ball Bearing, Roller Bearing, and Others), Application (Automotive, Electronics, Aerospace & Defense, Construction, and Others), and Region (North America, Europe, Asia-Pacific, and Rest of the World)– Forecast till 2027

ID: MRFR/IA - E/1622-HCR | February 2021 | Region: Global | 111 pages

Please note that the assessment period of report has been updated from 2019-2025 to 2020-2027. Cordially fill the sample form for updated data.

Market Synopsis


Bearings is a machine element used to reduce the friction between moving rotary parts and to support rotating parts in order to obtain desired motion.  Bearings are used in various industry verticals such as automotive, aerospace, railway, and heavy machinery. Developing infrastructure of wind turbines from emerging markets such as China Brazil, Mexico, and India, increasing demand for high-performance bearings for agriculture equipment, and rise in industrialization globally are the key factors driving the growth of the global market. The global bearing market is estimated to reach around USD 190 billion by 2025, registering a CAGR of ~8.5% over the assessment period.


Segmentation: Bearing Market


Market Research Future segments the global bearing market on the basis of product type, application, and region. By product, the global bearing market has been segmented into plain bearing, ball bearing, roller bearing, and others. By application, the global bearing market has been segmented into automotive, electronics, aerospace & defense, construction, and others.


Based on product type, the ball bearing segment is projected to be dominant throughout the forecast period due to growing uses from various industry verticals such as automotive, railway, and aerospace. By application, the automotive segment has accounted the largest share in the global bearing market over the assessment period owing to the growing sales of passenger cars and commercial vehicles in the developed and developing regions.


The global bearing market has been geographically segmented into North America, Europe, Asia-Pacific (APAC) and the rest of the world (RoW). In 2018, the global market was led by the Asia-Pacific, followed by Europe and North America. Among all the regions, Asia-Pacific is  expected to hold the largest share and is projected to register the highest growth rate over the forecast period. This growth is attributed to the enhancements in the infrastructure of electric vehicles and growing number of windmill farms in emerging markets such as China and India.


Europe held the second place in the global bearing market. It is expected to exhibit considerable growth over the forecast period due to presence of large automobile production facilities and significant demand for high-performance machines from construction, power, and aviation sectors. However, the market in North America is projected to record significant growth over the forecast period due to favorable government initiatives for the safety of vehicle and passengers. Furthermore, stable economy, advanced technology, and rise in demand for bearings from various industry verticals such as aerospace & defense and power are likely to further boost the market growth in North America.


The key players operating in the global bearing market are Svenska Kullagerfabriken AB (Sweden), NTN Corporation (Japan), Schaeffler Group (Germany), NSK Ltd. (Japan), The Timken Company (US), JTEKT Corporation (Japan), Robert Bosch GmbH (Japan), The Danaher Corporation (US), GKN plc. (UK), and Minebea Mitsumi, Inc. (Japan)


The report for the global bearing market of Market Research Future covers extensive primary research. This is accompanied by a detailed analysis of qualitative and quantitative aspects by various industry experts and key opinion leaders to gain deeper insights into the market and industry performance. The report gives a clear picture of the current market scenario, which includes the historic and forecasted market size, in terms of value and volume, technological advancement, macroeconomic, and governing factors of the market. The report provides comprehensive information about the strategies of the top companies in the industry, along with a broad study of the different market segments and regions.


Intended Audience:



  • Bearing manufacturers

  • Distributer & Supplier companies

  • End Users

  • Consultants and Investment bankers

  • Government as well as Independent Regulatory Authorities



Frequently Asked Questions (FAQ) :


The global bearing market’s CAGR is recorded to be 8.5%.

The global bearing market will be valued at USD 190 billion by 2025.

The rising demand for high-performance bearings for agriculture equipment, as well as a rise in industrialization at a global level, are the factors rising the growth of the global bearing market.

The electronics, automotive, construction, and aerospace & defense are the key segments of the bearing market.

Asia-Pacific (APAC), Europe, North America, and the rest of the world (RoW) are the regions fostering with high market share.

Table of Contents

1. Executive Summary

2. Scope of the Report

2.1. Market Definition

2.2. Scope of the Study

2.2.1. Definition

2.2.2. Research Objective

2.2.3. Assumptions

2.2.4. Limitations

2.3. Research Process

2.3.1. Primary Research

2.3.2. Secondary Research

2.4. Market Size Estimation

2.5. Forecast Sales Channel

3. Market Landscape

3.1. Porter’s Five Forces Analysis

3.1.1. Threat of New Entrants

3.1.2. Bargaining Power of Buyers

3.1.3. Threat of Substitutes

3.1.4. Rivalry

3.1.5. Bargaining Power of Buyers

3.2. Value Chain/Supply Chain Analysis

4. Market Dynamics

4.1. Introduction

4.2. Market Drivers

4.3. Market Restraints

4.4. Market Opportunities

4.5. Market Trends

5. Global Bearing Market, by Product Type

5.1. Introduction

5.2. Plain Bearing

5.2.1. Market Estimates & Forecast, 2020–2027

5.2.2. Market Estimates & Forecast, by Region, 2020–2027

5.3. Ball Bearing

5.3.1. Market Estimates & Forecast, 2020–2027

5.3.2. Market Estimates & Forecast, by Region, 2020–2027

5.4. Roller Bearing

5.4.1. Market Estimates & Forecast, 2020–2027

5.4.2. Market Estimates & Forecast, by Region, 2020–2027

5.5. Others

5.5.1. Market Estimates & Forecast, 2020–2027

5.5.2. Market Estimates & Forecast, by Region, 2020–2027

6. Global Bearing Market, by Application

6.1. Introduction

6.2. Automotive

6.2.1. Market Estimates & Forecast, 2020–2027

6.2.2. Market Estimates & Forecast, by Region, 2020–2027

6.3. Electronics

6.3.1. Market Estimates & Forecast, 2020–2027

6.3.2. Market Estimates & Forecast, by Region, 2020–2027

6.4. Aerospace & Défense

6.4.1. Market Estimates & Forecast, 2020–2027

6.4.2. Market Estimates & Forecast, by Region, 2020–2027

6.5. Construction

6.5.1. Market Estimates & Forecast, 2020–2027

6.5.2. Market Estimates & Forecast, by Region, 2020–2027

6.6. Others

6.6.1. Market Estimates & Forecast, 2020–2027

6.6.2. Market Estimates & Forecast, by Region, 2020–2027

7. Global Bearing Market, by Region

7.1. Introduction

7.2. North America

7.2.1. Market Estimates & Forecast, by Country, 2020–2027

7.2.2. Market Estimates & Forecast, by Product Type, 2020–2027

7.2.3. Market Estimates & Forecast, by Application, 2020–2027

7.2.4. US

7.2.4.1. Market Estimates & Forecast, by Product Type, 2020–2027

7.2.4.2. Market Estimates & Forecast, by Application, 2020–2027

7.2.5. Canada

7.2.5.1. Market Estimates & Forecast, by Product Type, 2020–2027

7.2.5.2. Market Estimates & Forecast, by Application, 2020–2027

7.3. Europe

7.3.1. Market Estimates & Forecast, by Country, 2020–2027

7.3.2. Market Estimates & Forecast, by Product Type, 2020–2027

7.3.3. Market Estimates & Forecast, by Application, 2020–2027

7.3.4. UK

7.3.4.1. Market Estimates & Forecast, by Product Type, 2020–2027

7.3.4.2. Market Estimates & Forecast, by Application, 2020–2027

7.3.5. Germany

7.3.5.1. Market Estimates & Forecast, by Product Type, 2020–2027

7.3.5.2. Market Estimates & Forecast, by Application, 2020–2027

7.3.6. France

7.3.6.1. Market Estimates & Forecast, by Product Type, 2020–2027

7.3.6.2. Market Estimates & Forecast, by Application, 2020–2027

7.3.7. Italy

7.3.7.1. Market Estimates & Forecast, by Product Type, 2020–2027

7.3.7.2. Market Estimates & Forecast, by Application, 2020–2027

7.3.8. Rest of Europe

7.3.8.1. Market Estimates & Forecast, by Product Type, 2020–2027

7.3.8.2. Market Estimates & Forecast, by Application, 2020–2027

7.4. Asia-Pacific

7.4.1. Market Estimates & Forecast, by Country, 2020–2027

7.4.2. Market Estimates & Forecast, by Product Type, 2020–2027

7.4.3. Market Estimates & Forecast, by Application, 2020–2027

7.4.4. China

7.4.4.1. Market Estimates & Forecast, by Product Type, 2020–2027

7.4.4.2. Market Estimates & Forecast, by Application, 2020–2027

7.4.5. Japan

7.4.5.1. Market Estimates & Forecast, by Product Type, 2020–2027

7.4.5.2. Market Estimates & Forecast, by Application, 2020–2027

7.4.6. India

7.4.6.1. Market Estimates & Forecast, by Product Type, 2020–2027

7.4.6.2. Market Estimates & Forecast, by Application, 2020–2027

7.4.7. Rest of Asia-Pacific

7.4.7.1. Market Estimates & Forecast, by Product Type, 2020–2027

7.4.7.2. Market Estimates & Forecast, by Application, 2020–2027

7.5. RoW

7.5.1. Market Estimates & Forecast, by Region, 2020–2027

7.5.2. Market Estimates & Forecast, by Product Type, 2020–2027

7.5.3. Market Estimates & Forecast, by Application, 2020–2027

7.5.4. Middle East & Africa

7.5.4.1. Market Estimates & Forecast, by Product Type, 2020–2027

7.5.4.2. Market Estimates & Forecast, by Application, 2020–2027

7.5.5. South America

7.5.5.1. Market Estimates & Forecast, by Product Type, 2020–2027

7.5.5.2. Market Estimates & Forecast, by Application, 2020–2027

8. Competitive Landscape

9. Company Profile

9.1. NTN Corporation

9.1.1. Company Overview

9.1.2. Product Types/Services Offered

9.1.3. Financial Overview

9.1.4. Key Developments

9.1.5. Key Strategies

9.1.6. SWOT Analysis

9.2. Svenska Kullagerfabriken AB

9.2.1. Company Overview

9.2.2. Product Types/Services Offered

9.2.3. Financial Overview

9.2.4. Key Developments

9.2.5. Key Strategies

9.2.6. SWOT Analysis

9.3. Schaeffler Group

9.3.1. Company Overview

9.3.2. Product Types/Services Offered

9.3.3. Financial Overview

9.3.4. Key Developments

9.3.5. Key Strategies

9.3.6. SWOT Analysis

9.4. NSK Ltd.

9.4.1. Company Overview

9.4.2. Product Types/Services Offered

9.4.3. Financial Overview

9.4.4. Key Developments

9.4.5. Key Strategies

9.4.6. SWOT Analysis

9.5. The Timken Company

9.5.1. Company Overview

9.5.2. Product Types/Services Offered

9.5.3. Financial Overview

9.5.4. Key Developments

9.5.5. Key Strategies

9.5.6. SWOT Analysis

9.6. JTEKT Corporation

9.6.1. Company Overview

9.6.2. Product Types/Services Offered

9.6.3. Financial Overview

9.6.4. Key Developments

9.6.5. Key Strategies

9.6.6. SWOT Analysis

9.7. Robert Bosch GmbH

9.7.1. Company Overview

9.7.2. Product Types/Services Offered

9.7.3. Financial Overview

9.7.4. Key Developments

9.7.5. Key Strategies

9.7.6. SWOT Analysis

9.8. The Danaher Corporation

9.8.1. Company Overview

9.8.2. Product Types/Services Offered

9.8.3. Financial Overview

9.8.4. Key Developments

9.8.5. Key Strategies

9.8.6. SWOT Analysis

9.9. GKN plc

9.9.1. Company Overview

9.9.2. Product Types/Services Offered

9.9.3. Financial Overview

9.9.4. Key Developments

9.9.5. Key Strategies

9.9.6. SWOT Analysis

9.10. Minebea Mitsumi, Inc.

9.10.1. Company Overview

9.10.2. Product Types/Services Offered

9.10.3. Financial Overview

9.10.4. Key Developments

9.10.5. Key Strategies

9.10.6. SWOT Analysis 

List of Tables

Table 1 Global Bearing Market, by Region, 2020–2027

Table 2 North America: Bearing Market, by Country, 2020–2027

Table 3 Europe: Bearing Market, by Country, 2020–2027

Table 4 Asia-Pacific: Bearing Market, by Country, 2020–2027

Table 5 RoW: Bearing Market, by Region, 2020–2027

Table 6 Global Bearing Market, by Product Type, by Regions, 2020–2027

Table 7 North America: Bearing Market, by Product Type, by Country, 2020–2027

Table 8 Europe: Bearing Market, by Product Type, by Country, 2020–2027

Table 9 Asia-Pacific: Bearing Market, by Product Type, by Country, 2020–2027

Table 10 RoW: Bearing Market, by Product Type, by Region, 2020–2027

Table 11 Global Bearing Market, by Application, by Regions, 2020–2027

Table 12 North America: Bearing Market, by Application, by Country, 2020–2027

Table 13 Europe: Bearing Market, by Application, by Country, 2020–2027

Table 14 Asia-Pacific: Bearing Market, by Application, by Country, 2020–2027

Table 15 RoW: Bearing Market, by Application, by Region, 2020–2027

Table 16 Global Bearing Market, by Product Type, 2020–2027

Table 17 Global Bearing Market, by Application, 2020–2027

Table 18 North America: Bearing Market, by Product Type, 2020–2027

Table 19 North America: Bearing Market, by Application, 2020–2027

Table 20 Europe: Bearing Market, by Product Type, 2020–2027

Table 21 Europe: Bearing Market, by Application, 2020–2027

Table 22 Asia-Pacific: Bearing Market, by Product Type, 2020–2027

Table 23 Asia-Pacific: Bearing Market, by Application, 2020–2027

Table 24 RoW: Bearing Market, by Product Type, 2020–2027

Table 25 RoW: Bearing Market, by Application, 2020–2027


List of Figures

Figure 1 Research Process of MRFR

Figure 2 Top-Down and Bottom-Up Approach

Figure 3 Market Dynamics

Figure 4 Impact Analysis: Market Drivers

Figure 5 Impact Analysis: Market Restraints

Figure 6 Porter's Five Forces Analysis

Figure 7 Value Chain Analysis

Figure 8 Global Bearing Market Share, by Product Type, 2020 (%)

Figure 9 Global Bearing Market, by Product Type, 2020–2027 (USD MILLION)

Figure 10 Global Bearing Market Share, by Application, 2020 (%)

Figure 11 Global Bearing Market, by Application, 2020–2027 (USD MILLION)

Figure 12 Global Bearing Market Share (%), by Region, 2020

Figure 13 Global Bearing Market, by Region, 2020–2027 (USD MILLION)

Figure 14 North America: Bearing Market Share (%), 2020

Figure 15 North America: Bearing Market, by Country, 2020–2027 (USD MILLION)

Figure 16 Europe: Bearing Market Share (%), 2020

Figure 17 Europe: Bearing Market, by Country, 2020–2027 (USD MILLION)

Figure 18 Asia-Pacific: Bearing Market Share (%), 2020

Figure 19 Asia-Pacific: Bearing Market, by Country, 2020–2027 (USD MILLION)

Figure 20 RoW: Bearing Market Share (%), 2020

Figure 21 RoW: Bearing Market, by Region, 2020–2027 (USD MILLION)