Market Overview:
The global industrial bearing market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The market is segmented by type, application and region. By type, the market is segmented into spherical roller bearings (SRB), deep groove ball bearings (DGBB), cylindrical roller bearings (CRB), double-row tapered roller bearing (DTRB), spherical thrust roller bearing (STRB) and angular contact ball bearings (ACBB). By application, the steel industry accounts for the largest share of the global industrial bearing market in terms of value. However, in terms of CAGR, the mining industry is expected to grow at a higher rate during the forecast period.
Product Definition:
A bearing is a device that reduces rotational friction by providing a smooth surface for objects to move against. Industrial bearings are used in machines where high levels of accuracy and efficiency are required.
Spherical roller bearings (SRB):
Spherical roller bearings (SRB) are used in heavy-duty machinery and equipment to support the radial and axial loads. They are also used in high-performance applications where a minimum movement of the supporting surfaces is required. Spherical roller bearings have a rolling element that is enclosed by two metal races, which act as journal racers for the rolling elements to move freely within the shell or race.
Deep Groove Ball Bearing (DGBB):
Deep Groove Ball Bearing (DGBB) is a type of rolling bearing with a deep, wide cylindrical race. The DGBB bearings are used in heavy-duty applications owing to their high load carrying capacity and longer life. They possess higher radial and axial loads compared to the conventional spherical bearings, which results in increased wear resistance and reduced maintenance requirements.
Application Insights:
The steel industry was the largest application segment in 2017, accounting for a market share of more than 45%. The growth can be attributed to the increasing demand for steel from various industries including construction and transportation. Steel is one of the most widely used materials in industrial applications as it offers high strength and rigidity under low weight.
The cement industry is also expected to witness significant growth over the forecast period owing to rising investments in new production capacities across several countries including India, China Japan Brazil etc. Increasing infrastructure spending globally has been fueling demand for cement which is used as a binding agent between different materials such as stones or concrete particles during construction activities.
Regional Analysis:
Asia Pacific dominated the global market in 2017. The region is expected to witness significant growth over the forecast period owing to rapid industrialization and increasing foreign investments. China, Japan, South Korea, India are some of the major countries that are likely to contribute significantly towards regional growth over the next eight years.
The steel industry is one of the most important sectors in Europe as it provides employment to around 1 million people across 28 countries. In addition, rising demand for steel from various end-use industries such as construction and automotive is anticipated to drive industry expansion over the coming years.
Growth Factors:
- Increasing demand from the automotive and aerospace industries
- Growing demand for electric vehicles
- Rising industrial output in developing countries
- Technological advancements in bearing manufacturing processes
- Growing awareness about the benefits of using industrial bearings
Scope Of The Report
Report Attributes
Report Details
Report Title
Industrial Bearing Market Research Report
By Type
Spherical roller bearings (SRB), Deep Groove Ball Bearing (DGBB), Cylindrical roller bearings (CRB), Double-row Tapered Roller Bearing (DTRB), Spherical Thrust Roller Bearing (STRB), Angular contact ball bearings (ACBB), Others
By Application
Steel Industry, Cement Industry, Mining Industry, Energy (Wind, etc), Industrial Automation, Oil and Gas, Others
By Companies
SKF, Schaeffler, NSK, NTN, JTEKT, Timken, NMB Minebea, Rexnord, NACHI, LYC, RBC Bearings, ZWZ, CU GROUP, Rothe Erde, HARBIN Bearing, Robert Bosch GmbH, HIWIN, IKO, Schneeberger, THK
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
191
Number of Tables & Figures
134
Customization Available
Yes, the report can be customized as per your need.
Global Industrial Bearing Market Report Segments:
The global Industrial Bearing market is segmented on the basis of:
Types
Spherical roller bearings (SRB), Deep Groove Ball Bearing (DGBB), Cylindrical roller bearings (CRB), Double-row Tapered Roller Bearing (DTRB), Spherical Thrust Roller Bearing (STRB), Angular contact ball bearings (ACBB), Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Steel Industry, Cement Industry, Mining Industry, Energy (Wind, etc), Industrial Automation, Oil and Gas, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- SKF
- Schaeffler
- NSK
- NTN
- JTEKT
- Timken
- NMB Minebea
- Rexnord
- NACHI
- LYC
- RBC Bearings
- ZWZ
- CU GROUP
- Rothe Erde
- HARBIN Bearing
- Robert Bosch GmbH
- HIWIN
- IKO
- Schneeberger
- THK
Highlights of The Industrial Bearing Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Spherical roller bearings (SRB)
- Deep Groove Ball Bearing (DGBB)
- Cylindrical roller bearings (CRB)
- Double-row Tapered Roller Bearing (DTRB)
- Spherical Thrust Roller Bearing (STRB)
- Angular contact ball bearings (ACBB)
- Others
- By Application:
- Steel Industry
- Cement Industry
- Mining Industry
- Energy (Wind, etc)
- Industrial Automation
- Oil and Gas
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Industrial Bearing Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
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- Consumer Insights
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- Product & Brand Management
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- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Industrial bearings are used in a variety of applications, including transportation, machinery and equipment, medical devices, and aerospace. They are typically made from high-quality materials such as steel or bronze to ensure long life and durability.
Some of the major companies in the industrial bearing market are SKF, Schaeffler, NSK, NTN, JTEKT, Timken, NMB Minebea, Rexnord, NACHI, LYC, RBC Bearings, ZWZ, CU GROUP, Rothe Erde, HARBIN Bearing, Robert Bosch GmbH, HIWIN, IKO, Schneeberger, THK.
The industrial bearing market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Industrial Bearing Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Industrial Bearing Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Industrial Bearing Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Industrial Bearing Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Industrial Bearing Market Size & Forecast, 2018-2028
4.5.1 Industrial Bearing Market Size and Y-o-Y Growth
4.5.2 Industrial Bearing Market Absolute $ Opportunity
Chapter 5 Global Industrial Bearing Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Industrial Bearing Market Size Forecast by Type
5.2.1 Spherical roller bearings (SRB)
5.2.2 Deep Groove Ball Bearing (DGBB)
5.2.3 Cylindrical roller bearings (CRB)
5.2.4 Double-row Tapered Roller Bearing (DTRB)
5.2.5 Spherical Thrust Roller Bearing (STRB)
5.2.6 Angular contact ball bearings (ACBB)
5.2.7 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Industrial Bearing Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Industrial Bearing Market Size Forecast by Applications
6.2.1 Steel Industry
6.2.2 Cement Industry
6.2.3 Mining Industry
6.2.4 Energy (Wind
6.2.5 etc)
6.2.6 Industrial Automation
6.2.7 Oil and Gas
6.2.8 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Industrial Bearing Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Industrial Bearing Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Industrial Bearing Analysis and Forecast
9.1 Introduction
9.2 North America Industrial Bearing Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Industrial Bearing Market Size Forecast by Type
9.6.1 Spherical roller bearings (SRB)
9.6.2 Deep Groove Ball Bearing (DGBB)
9.6.3 Cylindrical roller bearings (CRB)
9.6.4 Double-row Tapered Roller Bearing (DTRB)
9.6.5 Spherical Thrust Roller Bearing (STRB)
9.6.6 Angular contact ball bearings (ACBB)
9.6.7 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Industrial Bearing Market Size Forecast by Applications
9.10.1 Steel Industry
9.10.2 Cement Industry
9.10.3 Mining Industry
9.10.4 Energy (Wind
9.10.5 etc)
9.10.6 Industrial Automation
9.10.7 Oil and Gas
9.10.8 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Industrial Bearing Analysis and Forecast
10.1 Introduction
10.2 Europe Industrial Bearing Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Industrial Bearing Market Size Forecast by Type
10.6.1 Spherical roller bearings (SRB)
10.6.2 Deep Groove Ball Bearing (DGBB)
10.6.3 Cylindrical roller bearings (CRB)
10.6.4 Double-row Tapered Roller Bearing (DTRB)
10.6.5 Spherical Thrust Roller Bearing (STRB)
10.6.6 Angular contact ball bearings (ACBB)
10.6.7 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Industrial Bearing Market Size Forecast by Applications
10.10.1 Steel Industry
10.10.2 Cement Industry
10.10.3 Mining Industry
10.10.4 Energy (Wind
10.10.5 etc)
10.10.6 Industrial Automation
10.10.7 Oil and Gas
10.10.8 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Industrial Bearing Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Industrial Bearing Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Industrial Bearing Market Size Forecast by Type
11.6.1 Spherical roller bearings (SRB)
11.6.2 Deep Groove Ball Bearing (DGBB)
11.6.3 Cylindrical roller bearings (CRB)
11.6.4 Double-row Tapered Roller Bearing (DTRB)
11.6.5 Spherical Thrust Roller Bearing (STRB)
11.6.6 Angular contact ball bearings (ACBB)
11.6.7 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Industrial Bearing Market Size Forecast by Applications
11.10.1 Steel Industry
11.10.2 Cement Industry
11.10.3 Mining Industry
11.10.4 Energy (Wind
11.10.5 etc)
11.10.6 Industrial Automation
11.10.7 Oil and Gas
11.10.8 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Industrial Bearing Analysis and Forecast
12.1 Introduction
12.2 Latin America Industrial Bearing Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Industrial Bearing Market Size Forecast by Type
12.6.1 Spherical roller bearings (SRB)
12.6.2 Deep Groove Ball Bearing (DGBB)
12.6.3 Cylindrical roller bearings (CRB)
12.6.4 Double-row Tapered Roller Bearing (DTRB)
12.6.5 Spherical Thrust Roller Bearing (STRB)
12.6.6 Angular contact ball bearings (ACBB)
12.6.7 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Industrial Bearing Market Size Forecast by Applications
12.10.1 Steel Industry
12.10.2 Cement Industry
12.10.3 Mining Industry
12.10.4 Energy (Wind
12.10.5 etc)
12.10.6 Industrial Automation
12.10.7 Oil and Gas
12.10.8 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Industrial Bearing Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Industrial Bearing Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Industrial Bearing Market Size Forecast by Type
13.6.1 Spherical roller bearings (SRB)
13.6.2 Deep Groove Ball Bearing (DGBB)
13.6.3 Cylindrical roller bearings (CRB)
13.6.4 Double-row Tapered Roller Bearing (DTRB)
13.6.5 Spherical Thrust Roller Bearing (STRB)
13.6.6 Angular contact ball bearings (ACBB)
13.6.7 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Industrial Bearing Market Size Forecast by Applications
13.10.1 Steel Industry
13.10.2 Cement Industry
13.10.3 Mining Industry
13.10.4 Energy (Wind
13.10.5 etc)
13.10.6 Industrial Automation
13.10.7 Oil and Gas
13.10.8 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Industrial Bearing Market: Competitive Dashboard
14.2 Global Industrial Bearing Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 SKF
14.3.2 Schaeffler
14.3.3 NSK
14.3.4 NTN
14.3.5 JTEKT
14.3.6 Timken
14.3.7 NMB Minebea
14.3.8 Rexnord
14.3.9 NACHI
14.3.10 LYC
14.3.11 RBC Bearings
14.3.12 ZWZ
14.3.13 CU GROUP
14.3.14 Rothe Erde
14.3.15 HARBIN Bearing
14.3.16 Robert Bosch GmbH
14.3.17 HIWIN
14.3.18 IKO
14.3.19 Schneeberger
14.3.20 THK
