Latest Update: Impact of current COVID-19 situation has been considered in this report while making the analysis.
Global High Carbon Bearing Steel Market by Type (Bars, Tubes), By Application (Bearing industry, Other) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030-report

Global High Carbon Bearing Steel Market by Type (Bars, Tubes), By Application (Bearing industry, Other) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030

Report ID: 136315 3300 Chemical & Material 377 231 Pages 4.8 (30)

Market Overview:

The global high carbon bearing steel market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for high carbon bearing steel in the bearing industry and other applications. In terms of type, bars are expected to dominate the global high carbon bearing steel market during the forecast period, followed by tubes. Asia Pacific is expected to be the fastest growing region in terms of revenue during the forecast period, followed by Europe and North America.

Global High Carbon Bearing Steel Industry Outlook

Product Definition:

High carbon bearing steel is a type of steel that is used in bearings. Its high carbon content makes it tough and resistant to wear. This type of steel is important because it helps bearings last longer and function more efficiently.


Bars are structural components made from steel. They can be classified as hot rolled, cold rolled or semi-coldrolled. Bars can also be further classified based on their applications such as transportation, construction equipment and machinery, automotive and others.

Bars have a wide range of applications in the automobile industry ranging from chassis to body structure to suspension members and frame rails among many others.


Tubes are cylindrical steel sections that are used in bearings to reduce the rolling resistance. The basic types of tubes used in high carbon bearing steel market include round, square, and hexagonal. The shapes of these products can be changed according to the requirements by using different profiles such as angles, channels, flats among others.

Application Insights:

The bearing industry segment accounted for a revenue share of more than 50% in 2017. The growth can be attributed to the increasing demand from industrial applications, such as aerospace and automotive. In addition, favorable government regulations regarding energy conservation are expected to drive the demand further.

In recent years, there has been an increase in consumer preference for green products that are manufactured using recycled materials and low-alloyed steel. This is expected to positively influence product consumption in end-use industries over the forecast period owing to its eco-friendly properties and characteristics such as ductility & brittleness that make it suitable for bearings only when quenched from room temperature with formation of a martensite layer on its surface (a process known as cold forming). These factors are anticipated to augment market growth over the coming years.

Regional Analysis:

Asia Pacific was the largest market in 2017 and accounted for a share of over 45%. The region is expected to continue its dominance over the forecast period. This can be attributed to increasing industrialization, rising per capita income, expanding middle-class population base along with rapid urbanization and growing infrastructure development activities.

The growth of industries including aerospace & defense, automotive & transportation, machinery has resulted in increased demand for high carbon bearing steel products across Asia Pacific. In addition, favorable government policies such as Make in India initiative by the Indian government are likely to boost automobile production which will further drive product demand across this region during the forecast period.

North America is projected to expand at a CAGR of XX% from 2018 to 2030 owing to increasing use of these products in bearing applications due their excellent performance characteristics coupled with lightweight design resulting into improved efficiency enhancing product appeal over other metals used traditionally for same purpose.

Growth Factors:

  • Increasing demand from the automotive and aerospace industries
  • Growing popularity of high carbon bearing steel in China and other developing countries
  • Rising investments in research and development by leading players to develop new products
  • Emergence of nanotechnology-based high carbon bearing steels that offer superior performance characteristics
  • Proliferation of online sales channels that provide a convenient platform for buyers to compare prices and specifications

Scope Of The Report

Report Attributes

Report Details

Report Title

High Carbon Bearing Steel Market Research Report

By Type

Bars, Tubes

By Application

Bearing industry, Other

By Companies

OVAKO, Sanyo Special Steel, CITIC Special Steel Group, DongbeiSpecialSteel, Juneng, Nanjing Iron&Steel United Co.,Ltd., JIYUAN Iron&Steel, ...

Regions Covered

North America, Europe, APAC, Latin America, MEA

Base Year


Historical Year

2019 to 2020 (Data from 2010 can be provided as per availability)

Forecast Year


Number of Pages


Number of Tables & Figures


Customization Available

Yes, the report can be customized as per your need.

Global High Carbon Bearing Steel Market Report Segments:

The global High Carbon Bearing Steel market is segmented on the basis of:


Bars, Tubes

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.


Bearing industry, Other

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:

  1. OVAKO
  2. Sanyo Special Steel
  3. CITIC Special Steel Group
  4. DongbeiSpecialSteel
  5. Juneng
  6. Nanjing Iron&Steel United Co.,Ltd.
  7. JIYUAN Iron&Steel
  8. ...

Global High Carbon Bearing Steel Market Overview

Highlights of The High Carbon Bearing Steel Market Report:

  1. The market structure and projections for the coming years.
  2. Drivers, restraints, opportunities, and current trends of market.
  3. Historical data and forecast.
  4. Estimations for the forecast period 2030.
  5. Developments and trends in the market.
  6. By Type:

    1. Bars
    2. Tubes
  1. By Application:

    1. Bearing industry
    2. Other
  1. Market scenario by region, sub-region, and country.
  2. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
  3. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
  4. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the High Carbon Bearing Steel 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
  • Business Expansion Strategies
  • Consumer Insights
  • Understanding Competition Scenario
  • Product & Brand Management
  • Channel & Customer Management
  • Identifying Appropriate Advertising Appeals

Global High Carbon Bearing Steel Market Statistics

8 Reasons to Buy This Report

  1. Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
  2. Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
  3. Implemented Robust Methodology to Prepare the Report
  4. Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
  5. Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
  6. Provides Information About the Top-winning Strategies Implemented by Industry Players.
  7. In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
  8. Customization of the Report Available

Frequently Asked Questions?

High carbon bearing steel is a type of steel that has a higher carbon content than other types of steel. This makes it stronger and more durable, which is why it's often used in bearings and other components that require high levels of durability.

Some of the major companies in the high carbon bearing steel market are OVAKO, Sanyo Special Steel, CITIC Special Steel Group, DongbeiSpecialSteel, Juneng, Nanjing Iron&Steel United Co.,Ltd., JIYUAN Iron&Steel.

The high carbon bearing steel market is expected to grow at a compound annual growth rate of 5.5%.

1. Executive Summary

2. Assumptions and Acronyms Used

3. Research Methodology

4. High Carbon Bearing Steel Market Overview
   4.1. Introduction
      4.1.1. Market Taxonomy
      4.1.2. Market Definition
   4.2. Macro-Economic Factors
      4.2.1. Industry Outlook
   4.3. High Carbon Bearing Steel Market Dynamics
      4.3.1. Market Drivers
      4.3.2. Market Restraints
      4.3.3. Opportunity
      4.3.4. Market Trends
   4.4. High Carbon Bearing Steel Market - Supply Chain
   4.5. Global High Carbon Bearing Steel Market Forecast
      4.5.1. High Carbon Bearing Steel Market Size (US$ Mn) and Y-o-Y Growth
      4.5.2. High Carbon Bearing Steel Market Size (000’ Units) and Y-o-Y Growth
      4.5.3. High Carbon Bearing Steel Market Absolute $ Opportunity

5. Global High Carbon Bearing Steel Market Analysis and Forecast by Type
   5.1. Market Trends
   5.2. Introduction
      5.2.1. Basis Point Share (BPS) Analysis by Type
      5.2.2. Y-o-Y Growth Projections by Type
   5.3. High Carbon Bearing Steel Market Size and Volume Forecast by Type
      5.3.1. Bars
      5.3.2. Tubes
   5.4. Absolute $ Opportunity Assessment by Type
   5.5. Market Attractiveness/Growth Potential Analysis by Type

6. Global High Carbon Bearing Steel Market Analysis and Forecast by Application
   6.1. Market Trends
   6.2. Introduction
      6.2.1. Basis Point Share (BPS) Analysis by Application
      6.2.2. Y-o-Y Growth Projections by Application
   6.3. High Carbon Bearing Steel Market Size and Volume Forecast by Application
      6.3.1. Bearing industry
      6.3.2. Other
   6.4. Absolute $ Opportunity Assessment by Application
   6.5. Market Attractiveness/Growth Potential Analysis by Application

7. Global High Carbon Bearing Steel Market Analysis and Forecast by Sales Channel
   7.1. Market Trends
   7.2. Introduction
      7.2.1. Basis Point Share (BPS) Analysis by Sales Channel 
      7.2.2. Y-o-Y Growth Projections by Sales Channel
   7.3. High Carbon Bearing Steel Market Size and Volume Forecast by Sales Channel 
      7.3.1. Manufacturer/Distributor/Service Provider
      7.3.2. Aftermarket
   7.4. Absolute $ Opportunity Assessment by Sales Channel
   7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel

8. Global High Carbon Bearing Steel Market Analysis and Forecast by Region
   8.1. Market Trends
   8.2. Introduction
      8.2.1. Basis Point Share (BPS) Analysis by Region
      8.2.2. Y-o-Y Growth Projections by Region
   8.3. High Carbon Bearing Steel Market Size and Volume Forecast by Region
      8.3.1. North America
      8.3.2. Latin America
      8.3.3. Europe
      8.3.4. Asia Pacific
      8.3.5. Middle East and Africa (MEA)
   8.4. Absolute $ Opportunity Assessment by Region
   8.5. Market Attractiveness/Growth Potential Analysis by Region
   8.6. Global High Carbon Bearing Steel Demand Share Forecast, 2019-2029

9. North America High Carbon Bearing Steel Market Analysis and Forecast
   9.1. Introduction
      9.1.1. Basis Point Share (BPS) Analysis by Country
      9.1.2. Y-o-Y Growth Projections by Country
   9.2. North America High Carbon Bearing Steel Market Size and Volume Forecast by Country
      9.2.1. U.S.
      9.2.2. Canada
   9.3. Absolute $ Opportunity Assessment by Country
   9.4. North America High Carbon Bearing Steel Market Size and Volume Forecast by Application
      9.4.1. Bearing industry
      9.4.2. Other
   9.5. Basis Point Share (BPS) Analysis by Application
   9.6. Y-o-Y Growth Projections by Application
   9.7. North America High Carbon Bearing Steel Market Size and Volume Forecast by Type
      9.7.1. Bars
      9.7.2. Tubes
   9.8. Basis Point Share (BPS) Analysis by Type
   9.9. Y-o-Y Growth Projections by Type
   9.10. Market Attractiveness/Growth Potential Analysis
      9.10.1. By Country
      9.10.2. By Product Type
      9.10.3. By Application
      9.10.4. By Sales Channel
   9.11. North America High Carbon Bearing Steel Demand Share Forecast, 2019-2029

10. Latin America High Carbon Bearing Steel Market Analysis and Forecast
   10.1. Introduction
      10.1.1. Basis Point Share (BPS) Analysis by Country
      10.1.2. Y-o-Y Growth Projections by Country
      10.1.3. Latin America Average Pricing Analysis
   10.2. Latin America High Carbon Bearing Steel Market Size and Volume Forecast by Country
      10.2.1. Brazil
      10.2.2. Mexico
      10.2.3. Rest of Latin America
   10.3. Absolute $ Opportunity Assessment by Country
   10.4. Latin America High Carbon Bearing Steel Market Size and Volume Forecast by Application
      10.4.1. Bearing industry
      10.4.2. Other
   10.5. Basis Point Share (BPS) Analysis by Application
   10.6. Y-o-Y Growth Projections by Application
   10.7. Latin America High Carbon Bearing Steel Market Size and Volume Forecast by Type
      10.7.1. Bars
      10.7.2. Tubes
   10.8. Basis Point Share (BPS) Analysis by Type
   10.9. Y-o-Y Growth Projections by Type
   10.10. Market Attractiveness/Growth Potential Analysis
      10.10.1. By Country
      10.10.2. By Product Type
      10.10.3. By Application
      10.10.4. By Sales Channel
   10.11. Latin America High Carbon Bearing Steel Demand Share Forecast, 2019-2029

11. Europe High Carbon Bearing Steel Market Analysis and Forecast
   11.1. Introduction
      11.1.1. Basis Point Share (BPS) Analysis by Country
      11.1.2. Y-o-Y Growth Projections by Country
      11.1.3. Europe Average Pricing Analysis
   11.2. Europe High Carbon Bearing Steel Market Size and Volume Forecast by Country
      11.2.1. Germany
      11.2.2. France
      11.2.3. Italy
      11.2.4. U.K.
      11.2.5. Spain
      11.2.6. Russia
      11.2.7. Rest of Europe
   11.3. Absolute $ Opportunity Assessment by Country
   11.4. Europe High Carbon Bearing Steel Market Size and Volume Forecast by Application
      11.4.1. Bearing industry
      11.4.2. Other
   11.5. Basis Point Share (BPS) Analysis by Application
   11.6. Y-o-Y Growth Projections by Application
   11.7. Europe High Carbon Bearing Steel Market Size and Volume Forecast by Type
      11.7.1. Bars
      11.7.2. Tubes
   11.8. Basis Point Share (BPS) Analysis by Type
   11.9. Y-o-Y Growth Projections by Type
   11.10. Market Attractiveness/Growth Potential Analysis
      11.10.1. By Country
      11.10.2. By Product Type
      11.10.3. By Application
      11.10.4. By Sales Channel
   11.11. Europe High Carbon Bearing Steel Demand Share, 2019-2029

12. Asia Pacific High Carbon Bearing Steel Market Analysis and Forecast
   12.1. Introduction
      12.1.1. Basis Point Share (BPS) Analysis by Country
      12.1.2. Y-o-Y Growth Projections by Country
      12.1.3. Asia Pacific Average Pricing Analysis
   12.2. Asia Pacific High Carbon Bearing Steel Market Size and Volume Forecast by Country
      12.2.1. China
      12.2.2. Japan
      12.2.3. South Korea
      12.2.4. India
      12.2.5. Australia
      12.2.6. Rest of Asia Pacific (APAC)
   12.3. Absolute $ Opportunity Assessment by Country
   12.4. Asia Pacific High Carbon Bearing Steel Market Size and Volume Forecast by Application
      12.4.1. Bearing industry
      12.4.2. Other
   12.5. Basis Point Share (BPS) Analysis by Application
   12.6. Y-o-Y Growth Projections by Application
   12.7. Asia Pacific High Carbon Bearing Steel Market Size and Volume Forecast by Type
      12.7.1. Bars
      12.7.2. Tubes
   12.8. Basis Point Share (BPS) Analysis by Type
   12.9. Y-o-Y Growth Projections by Type
   12.10. Market Attractiveness/Growth Potential Analysis
      12.10.1. By Country
      12.10.2. By Product Type
      12.10.3. By Application
      12.10.4. By Sales Channel
   12.11. Asia Pacific High Carbon Bearing Steel Demand Share, 2019-2029

13. Middle East & Africa High Carbon Bearing Steel Market Analysis and Forecast
   13.1. Introduction
      13.1.1. Basis Point Share (BPS) Analysis by Country
      13.1.2. Y-o-Y Growth Projections by Country
      13.1.3. Asia Pacific Average Pricing Analysis
   13.2. Middle East & Africa High Carbon Bearing Steel Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
   13.4. Middle East & Africa High Carbon Bearing Steel Market Size and Volume Forecast by Application
      13.4.1. Bearing industry
      13.4.2. Other
   13.5. Basis Point Share (BPS) Analysis by Application
   13.6. Y-o-Y Growth Projections by Application
   13.7. Middle East & Africa High Carbon Bearing Steel Market Size and Volume Forecast by Type
      13.7.1. Bars
      13.7.2. Tubes
   13.8. Basis Point Share (BPS) Analysis by Type
   13.9. Y-o-Y Growth Projections by Type
   13.10. Market Attractiveness/Growth Potential Analysis
      13.10.1. By Country
      13.10.2. By Product Type
      13.10.3. By Application
      13.10.4. By Sales Channel
   13.11. Middle East & Africa High Carbon Bearing Steel Demand Share, 2019-2029

14. Competition Landscape
   14.1. Global High Carbon Bearing Steel Market: Market Share Analysis
   14.2. High Carbon Bearing Steel Distributors and Customers
   14.3. High Carbon Bearing Steel Market: Competitive Dashboard
   14.4. Company Profiles (Details – Overview, Financials, Developments, Strategy) 
      14.4.1. OVAKO Overview Financials Developments Strategic Outlook
      14.4.2. Sanyo Special Steel Overview Financials Developments Strategic Outlook
      14.4.3. CITIC Special Steel Group Overview Financials Developments Strategic Outlook
      14.4.4. DongbeiSpecialSteel Overview Financials Developments Strategic Outlook
      14.4.5. Juneng Overview Financials Developments Strategic Outlook
      14.4.6. Nanjing Iron&Steel United Co.,Ltd. Overview Financials Developments Strategic Outlook
      14.4.7. JIYUAN Iron&Steel Overview Financials Developments Strategic Outlook
      14.4.8. ... Overview Financials Developments Strategic Outlook
      14.4.9. COMPANY9 Overview Financials Developments Strategic Outlook
      14.4.10. COMPANY 10 Overview Financials Developments Strategic Outlook
      14.4.11. COMPANY 11 Overview Financials Developments Strategic Outlook
      14.4.12. COMPANY 12 Overview Financials Developments Strategic Outlook
      14.4.13. COMPANY 13 Overview Financials Developments Strategic Outlook
      14.4.14. COMPANY 14 Overview Financials Developments Strategic Outlook
      14.4.15. COMPANY 15 Overview Financials Developments Strategic Outlook
      14.4.16. COMPANY 16 Overview Financials Developments Strategic Outlook
      14.4.17. COMPANY 17 Overview Financials Developments Strategic Outlook
      14.4.18. COMPANY 18 Overview Financials Developments Strategic Outlook
      14.4.19. COMPANY 19 Overview Financials Developments Strategic Outlook
      14.4.20. COMPANY 20 Overview Financials Developments Strategic Outlook

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