How big is the roller bearings market today, and what are its future growth expectations?
The roller bearings market size has grown strongly in recent years. It will grow from $22.34 billion in 2024 to $23.63 billion in 2025 at a compound annual growth rate (CAGR) of 5.7%. The growth in the historic period can be attributed to the adoption of high-performance industrial machinery, demand for electric commercial vehicles, growth in production of high-performance industrial machinery, an increase in usage of heavy machinery in the construction industry, and the and the growing automobile sector, which heavily demands the roller bearing.
The roller bearings market size is expected to see strong growth in the next few years. It will grow to $29.14 billion in 2029 at a compound annual growth rate (CAGR) of 5.4%. The growth in the forecast period can be attributed to growing usage of heavy machinery and equipment, increasing number of offshore wind farms, growing demand from manufacturing industries, increasing population, and rising disposable income of consumers. Major trends in the forecast period include technological advancements, customized roller bearings, technical developments in automotive systems, integration into manufacturing processes, and predictive maintenance technologies.
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What have been the primary factors driving the roller bearings market’s growth?
The rising vehicle production is expected to propel the growth of the roller bearings market going forward. Vehicle production refers to manufacturing motor vehicles, including cars, trucks, buses, and motorcycles, in factories or assembly plants. Vehicle production is rising due to economic growth in developing countries, increasing consumer purchasing power, and government incentives promoting the adoption of electric vehicles. Roller bearings are crucial for vehicles as they reduce friction and wear between moving parts, enabling smoother operation and extending the lifespan of components. For instance, in May 2023, according to a report published by The European Automobile Manufacturers’ Association (ACEA), a Belgium-based organization, the European Union produced 10.9 million passenger cars in 2022, marking an 8.3% increase from the previous year. Therefore, rising vehicle production is driving the growth of the roller bearings market.
What are the key segments within the roller bearings market?
The roller bearingsmarket covered in this report is segmented –
1) By Product Type: Tapered, Spherical, Cylindrical, Others Product Types
2) By Distribution Channel: Online, Offline
3) By End-User: Automotive, Electrical, Construction, Agriculture, Other End Users
Subsegments:
1) By Tapered Roller Bearings: Single Row Tapered Roller Bearings, Double Row Tapered Roller Bearings, Four Row Tapered Roller Bearings, Tapered Roller Bearing Assemblies
2) By Spherical Roller Bearings: Double Row Spherical Roller Bearings, Self-Aligning Spherical Roller Bearings, Spherical Roller Bearings With Seals, Spherical Roller Bearing Assemblies
3) By Cylindrical Roller Bearings: Single Row Cylindrical Roller Bearings, Double Row Cylindrical Roller Bearings, Multi-Row Cylindrical Roller Bearings, Cylindrical Roller Bearing Assemblies
4) By Other Product Types: Needle Roller Bearings, Thrust Roller Bearings, Radial Roller Bearings, Combination Roller Bearings
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Which key players are shaping the roller bearings market?
Major companies operating in the roller bearings market are Schaeffler Technologies AG and Co. KG, JTEKT Corporation, Minebea Mitsumi Inc., SKF Ab, NSK Ltd., The Timken Company, Nachi-Fujikoshi Corp, RBC Bearings Incorporated, SNL Bearings Limited, IKO International Inc., National Engineering Industries Ltd., Wafangdian Bearing Group, NTN Bearing Corporation, NRB Bearings Limited, Fersa Bearings, Zhejiang Tianma Bearing Group, Luoyang LYC Bearing Co. Ltd., Bimetal Bearings Limited, Menon Bearings Limited, HCH Bearing, ISB Industries, Galaxy Bearings Limited, MBP Bearings Pvt. Ltd., Boca Bearings, Harbin Bearing Manufacturing Co. Ltd
How will emerging trends drive the roller bearings market throughout the forecast period?
Major companies operating in the roller bearings market are focusing on developing innovative products, such as super precision cylindrical roller bearings, to enhance performance and improve high-speed and high-accuracy reliability in industries such as aerospace, automotive, and machinery. Super precision cylindrical roller bearings are high-performance bearings that provide exceptional accuracy, rigidity, and load-carrying capacity. For instance, in March 2024, Schaeffler Technologies AG & Co. KG, a Germany-based Roller Bearings manufacturing company, launched the new cylindrical roller bearings of series NJ23-ILR, a series of rolling bearings for heavy-duty industrial gearboxes and construction machinery. The NJ23-ILR series boasts a 24% increase in dynamic load rating compared to its predecessor, significantly extending its operational life. The NJ23-ILR bearings are interchangeable with existing DIN 5412-1 designs, facilitating easy replacement in various applications without extensive modifications. These new products reflect Schaeffler’s commitment to improving performance and sustainability in bearing technology across various industrial applications.
How do regional factors impact the roller bearings market, and which region is the largest contributor?
Asia-Pacific was the largest region in the roller bearings market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the roller bearings market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Does The Roller Bearings Market Report 2025 Offer?
The roller bearings market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
Roller bearings are mechanical components that reduce friction between moving parts using cylindrical rollers instead of balls. These rollers help distribute the load over a larger surface area, which makes roller bearings particularly suited for handling heavy loads while allowing smooth rotational movement in machinery, vehicles, and other applications.
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