What are the recent trends in market size and growth for the mounted bearing market?
The mounted bearing market size has grown strongly in recent years. It will grow from $1.54 billion in 2024 to $1.65 billion in 2025 at a compound annual growth rate (CAGR) of 7.0%. The growth in the historic period can be attributed to industrialization, expansion of heavy industries, increasing investments, increasing machinery loads and speeds, and growing demand for specialized bearings.
The mounted bearing market size is expected to see strong growth in the next few years. It will grow to $2.14 billion in 2029 at a compound annual growth rate (CAGR) of 6.6%. The growth in the forecast period can be attributed to rising population, increasing use of automation and robotics, growing emphasis on environmentally friendly and sustainable practices, and rise of electric vehicles and globalization of manufacturing. Major trends in the forecast period include advanced materials and coatings, smart and connected bearings, electrification of transportation, automation and robotics and demand for application-specific solutions.
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What have been the primary factors driving the mounted bearing market’s growth?
The rising demand for electric vehicles is expected to propel the growth of the mounted bearing market going forward. Electric vehicles (EVs) refer to automobiles powered partially or entirely by electricity stored in batteries. The adoption of electric vehicles is driven by their environmental benefits and lower operating costs, making them a compelling choice for consumers and businesses. Mounted bearings are essential in electric vehicles, supporting critical functions such as motor operation, drivetrain efficiency, wheel rotation, and overall vehicle performance. For instance, in April 2024, according to the Global EV Outlook 2023 report published by the International Energy Agency, a France-based autonomous intergovernmental organization, electric car sales rose by 3.5 million in 2023 compared to 2022, marking a 35% increase year-on-year. Therefore, the rising demand for electric vehicles is driving the growth of the mounted bearing market.
What are the key segments within the mounted bearing market?
The mounted bearing market covered in this report is segmented –
1) By Product Type: Ball Bearing, Roller Bearing
2) By Equipment: Ball Mill Drives, Fans And Blowers, Gearboxes And Transmissions, Conveyors, Crushers, Mixer Drives, Other Equipment
3) By Housing Block Type: Plummer Block, Flanged Block, Take-Up Block, Other Housing Block Types
4) By Sales Channel: Original Equipment Manufacturers, Aftermarket
5) By End User: Food And Beverages, Agriculture, Construction And Mining, Automotive And Transportation, Chemical And Pharmaceutical, Energy, General Industrial And Machinery, Pulp And Paper
Subsegments:
1) By Ball Bearing: Deep Groove Ball Bearings, Angular Contact Ball Bearings, Self-Aligning Ball Bearings, Thrust Ball Bearings, Miniature Ball Bearings, Hybrid Ball Bearings (With Ceramic Elements), Precision Ball Bearings, Sealed And Shielded Ball Bearings, Radial Ball Bearings, Ball Bearings For Automotive And Industrial Applications
2) By Roller Bearing: Cylindrical Roller Bearings, Tapered Roller Bearings, Spherical Roller Bearings, Needle Roller Bearings, Thrust Roller Bearings, Crossed Roller Bearings, Toroidal Roller Bearings, Precision Roller Bearings, Sealed And Shielded Roller Bearings, Roller Bearings For Heavy Machinery And Automotive Applications
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Which key players are shaping the mounted bearing market?
Major companies operating in the mounted bearing market are JTEKT Corporation, SKF AB, NSK Ltd., Rexnord Corporation, Regal Beloit Corporation, The Timken Company, Wafangdian Bearing Group Corporation, Rexnord Industries LLC, Altra Industrial Motion Corp., Baldor Electric Company, Peer Bearing Company, Kaman Industrial Technologies Corporation, NRB Industrial Bearings Limited, Aurora Bearing Company, IKO International Inc., Mageba SA, Climax Metal Products Company, Scheerer Bearing Corporation, ISB Industries, Dalton Bearing Service Inc., IPTCI Bearings, Moline Bearing Company, Hudson Bearings, FYH Bearing Units USA Inc., Cixing Group Co. Ltd
How will emerging trends drive the mounted bearing market throughout the forecast period?
Major companies operating in the mounted bearing market are focusing on developing technologically advanced solutions, such as advanced bearing solutions for rocket propulsion, to address several critical industry demands. Advanced bearing solutions are vital for rocket propulsion, ensuring reliability and performance by supporting high-speed rotors, managing loads, and withstanding extreme conditions. For instance, in January 2024, Carter Americas, a US-based bearing supplier company, launched its advanced bearing solutions for rocket propulsion as part of the Launch Canada initiative. This initiative aims to support the growing aerospace sector in Canada by providing innovative bearing technologies that enhance the performance and reliability of rocket systems. The new bearings are designed to withstand the extreme conditions associated with rocket launches, ensuring optimal functionality and safety during missions. This move reflects Carter Americas’ commitment to advancing aerospace engineering and supporting the development of cutting-edge technologies in the Canadian space industry.
How do regional factors impact the mounted bearing market, and which region is the largest contributor?
North America was the largest region in the mounted bearing market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the mounted bearing market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Does The Mounted Bearing Market Report 2025 Offer?
The mounted bearing market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
A mounted bearing refers to a complete assembly consisting of a bearing housed within a mounting unit. This unit typically includes a bearing housing or pillow block, which provides support, protection, and mounting surfaces for the bearing itself. Mounted bearings are commonly used in various industrial applications where shafts, such as conveyor systems, agricultural equipment, and machinery, need support and alignment.
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