United States Bearings Market Size was valued at USD 1.2 Billion in 2022. The United States Bearings market industry is projected to grow from USD 1.3 Billion in 2023 to USD 2.8 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 9.80% during the forecast period (2024 - 2032). Growing advances in automation and growing demand from multiple end-use verticals are the main market drivers anticipated to propel the United States Bearings Market.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
United States Bearings Market Trends
Growing demand from multiple end-use verticals is driving the market growth
The manufacturing base in the United States is varied, encompassing industries such as automotive, aircraft, industrial machinery, and renewable energy. Bearings are essential components of mechanical equipment. Its main responsibility is to reduce the friction coefficient of the mechanical load by maintaining the revolving mechanical body while the equipment is being transmitted. A few industries that use bearings are wind turbines, reducers, engine motors, propeller shafts, wind farms, robot sports, and the building and mining sectors. From massive machines to precision instruments, they are used in many different industrial applications. There are several types of bearings, and each has special qualities and benefits. There is a limit to the axial and radial loads that these bearings can handle. Because of their thick construction, they are highly effective in absorbing impact energy, even when rotating at high speeds.
Furthermore, in the United States, the automotive industry is one of the biggest users of bearings, driving the market CAGR. Because of the variable cost of production, a lot of medium-sized and small-scale enterprises don't use bearings. This element restricts the market's expansion across a number of verticals. The price of industrial bearings has increased due to the limited supply and high demand for raw materials. This slows the expansion of the market by raising the need for inexpensive replacement products. The industrial bearing sector is working feverishly to develop next-generation bearings with minimal weight, vibration, noise, endurance, and other performance criteria. The first heat-resistant rolling bearing cage made entirely of bioplastic in history. With a redesigned cage that can tolerate high operating temperatures of 120 degrees, this product solves the low heat resistance of earlier bioplastics. There were 24,961,948 passenger vehicle sales in 2017 as opposed to 24,376,902 in 2016. The United States's rising car sales are anticipated to fuel the brake system market and enhance demand for manufacturing. Thus, driving the United States Bearings market revenue.
United States Bearings Market Segment Insights:
United States Bearings Product Insights
The United States Bearings market segmentation, based on Product, includes Ball Bearings, Roller Bearings, and Plain Bearings. The roller bearings segment dominated the market mostly. This is because, compared to their equivalents, these goods can support limited axial loads and strong radial loads more effectively, reduce rotational friction, and support radial and axial loads. It is predicted that the broad endorsement of roller bearings by a number of industries, including aircraft, home appliances, cars, and capital equipment, has a favorable effect on product demand.
Figure 1: United States Bearings Market, by Product, 2023 & 2032 (USD Billion)
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
United States Bearings Application Insights
The United States Bearings market segmentation, based on Application, includes Automotive, Agriculture, Electrical, Mining & Construction, Railway & Aerospace, Automotive Aftermarket, and Others. The automotive generated the most income. The increasing need for cars with cutting-edge technology is driving up vehicle manufacturing, which in turn drives up the demand for instrumented items. The need for bearing in the automobile sector has increased due to the rise in demand for highly advanced vehicles and the ensuing increase in the vehicles' capabilities.
United States Bearings Country Insights
The manufacturing base in the United States is varied, encompassing industries such as automotive, aircraft, industrial machinery, and renewable energy. Because they are vital parts of the machinery and equipment used in various sectors for processing, assembling, and manufacturing, bearings are in high demand. In the USA, one of the biggest markets for bearings is the automotive industry. Bearings are constantly needed for engines, transmissions, chassis, and other parts because there is a big fleet of cars on the road and a constant desire for new cars. The United States makes investments in trains, roads, bridges, and energy infrastructure projects. There is a constant need for bearings due to infrastructure development initiatives because they are essential parts of energy generation equipment, transportation vehicles, and construction machinery.
United States Bearings Key Market Players & Competitive Insights
Leading market players are putting a lot of money in R&D to increase the range of products they sell, which will encourage further growth in the United States Bearings sector. Additionally, market players are engaging in a range of calculated actions to increase their presence, with important market developments including releases of new products, contracts, acquisitions and mergers, increased investments, and cooperation with other enterprises. To grow and endure in a market that is becoming more and more competitive, the United States Bearings industry must provide reasonably priced goods.
Major players in the United States Bearings market are making investments in R&D operations in an effort to boost market demand, including Rubix, Harbin Bearing Manufacturing Co., Ltd., HKT Bearings Ltd., JTEKT Corporation, NBI Group, NSK Ltd, NTN Corporation, RBC Bearings Incorporated.
Key Companies in the United States Bearings market include
United States Bearings Industry Developments
September 2023: By launching new products in the areas of torque motors, linear motors, and rotary table bearings, Schaeffler AG deliberately expanded the range of products it offers. Expanded bearing sizes for rotary table and rotary axis bearings are being added, and bearing-integrated angular measuring systems are also being included.
November 2023: The Timken Company has effectively completed the purchase of Engineered Solutions Group, which is commonly known as iMECH, or Innovative Mechanical Solutions. With a staff of about 70 experts, iMECH is a leading manufacturer of thrust bearings, radial bearings, specialized coatings, and other parts mostly designed for the energy sector.
United States Bearings Market Segmentation
United States Bearings Product Outlook
United States Bearings Application Outlook
| Report Attribute/Metric | Details |
| Market Size 2022 | USD 1.2 Billion |
| Market Size 2023 | USD 1.3 Billion |
| Market Size 2032 | USD 2.8 Billion |
| Compound Annual Growth Rate (CAGR) | 9.80% (2024-2032) |
| Base Year | 2023 |
| Market Forecast Period | 2024-2032 |
| Historical Data | 2019-2022 |
| Market Forecast Units | Value (USD Billion) |
| Report Coverage | Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | Product, application |
| Countries Covered | United States |
| Key Companies Profiled | Rubix, Harbin Bearing Manufacturing Co., Ltd., HKT Bearings Ltd., JTEKT Corporation, NBI Group, NSK Ltd, NTN Corporation, RBC Bearings Incorporated. |
| Key Market Opportunities | ·        Growing demand from multiple end-use verticals, ·        Rise in the growing government's increased investment |
| Key Market Dynamics | ·        growing advances in automation, producers of industrial bearings ·        increasing demand for military, food processing equipment as well as electric cars |
Frequently Asked Questions (FAQ) :
The size of the United States Bearings market was estimated at USD 1.3 billion in 2023.
It is anticipated that the market would expand at a compound annual growth rate (CAGR) of 9.80% from 2024 to 2032.
The key players in the market are Rubix, Harbin Bearing Manufacturing Co., Ltd., HKT Bearings Ltd., JTEKT Corporation, NBI Group, NSK Ltd, NTN Corporation, and RBC Bearings Incorporated.
The Roller Bearings dominated the market in 2023.
The Automotive category had the largest share of the market.
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Research Analyst Level II I have about two years of experience working in the consumer goods and retail industries and i am a biotech graduate.a tech-savvy analytically focused professional with a strong capabilities in identification, concept generation, and strategy evaluation. i can produce data-driven solutions while fusing unusual viewpoints with original concepts. i have been extensively working on business case studies, competitive & comparative analyses, and strategic reports. my primary areas of experience include client management, financial analysis, supply chain evaluation, market entry strategy evaluation, and estimating and forecasting market size.
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