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

Global Marine Bearing Market by Type (Rolling Bearing, Sliding Bearing), By Application (Submarine, Steamship, Other) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030

Report ID: 156089 3300 Machinery & Equipment 377 238 Pages 4.9 (41)

Market Overview:

The global marine bearing market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for maritime transportation and rising investments in new vessels. The rolling bearing segment is expected to dominate the market during the forecast period, owing to its high efficiency and low maintenance requirements. By application, the submarine segment is projected to lead the market duringthe forecast period, followed by steamship and other applications segments. North America accounted for majority of share in terms of revenue in 2017 and is anticipatedto maintain its dominance throughoutthe forecastperiod due toprominent players operatingin this regionand increasing demand for maritime transportation services.

Global Marine Bearing Industry Outlook

Product Definition:

A marine bearing is a type of bearing used in shipbuilding and marine engineering. It is a cylindrical or spherical bearing that uses two races separated by a lubricant-filled annulus. Marine bearings are used to support the weight of a ship, its cargo, or its equipment and to keep them in place relative to each other.

Rolling Bearing:

Rolling bearings are used in marine applications owing to their advantages such as low maintenance, reliability, high efficiency and compact design. The market is expected to grow at a significant rate on account of the rising demand for small-sized vessels coupled with increasing investments in R&D by manufacturers.

The rolling bearing consists of a cylindrical inner race, which is surrounded by an outer ring.

Sliding Bearing:

Sliding bearings are used in marine applications where the axial load is expected to be moderate and the radial force is expected to be high. The design of these bearings varies according to their usage; for example, a ball bearing can only take low radial loads while a roller bearing can take both low and high radial loads.

The selection of bearings depends on various factors such as material, weight, size (length & width), speed, temperature variations etc.

Application Insights:

The other application segment includes ships, trains, and trucks. The demand for marine bearings in this application is expected to witness a CAGR of XX% from 2018 to 2030 owing to the increasing use of these products in vessels operating on long distances or between different water bodies such as oceans, seas, and lakes.

Submarine is estimated to be the fastest-growing segment over the forecast period owing to rising demand for advanced technology submarines from countries such as China and Russia who are investing heavily in developing their submarine capabilities. Countries such as India are also planning extensive underwater exploration activities which will further propel product demand over the coming years.

Regional Analysis:

Asia Pacific dominated the global marine bearing market in 2017 and is expected to continue its dominance over the forecast period. The growth of this region can be attributed to increasing demand for diesel-electric submarines from countries such as China, India, South Korea, and Japan. Moreover, rising investments in offshore projects such as wind farms and LNG terminals are also anticipated to drive product demand over the next eight years.

The Asia Pacific regional market was followed by Europe which accounted for a share of more than 20% in 2017 owing to high industrial output across major economies including Germany, France, Italy Russia among others. In addition European nations have been actively involved in building nuclear-powered icebreakers that require heavy machinery bearings due to their weight.

Growth Factors:

  • Increasing demand from the shipping and marine industry for high-quality bearings is expected to drive the growth of the marine bearing market during the forecast period.
  • The increasing popularity of recreational boats is also anticipated to fuel the demand for marine bearings in the coming years.
  • Growing awareness about energy efficiency and its benefits is projected to boost demand for advanced and efficient marine bearings in near future.
  • Rising investments in new vessel construction projects are likely to create lucrative opportunities for players operating in Marine Bearing market over next few years

Scope Of The Report

Report Attributes

Report Details

Report Title

Marine Bearing Market Research Report

By Type

Rolling Bearing, Sliding Bearing

By Application

Submarine, Steamship, Other

By Companies

Schaeffler, Lewmar, Solimar, NSK, NACHI, Maucour-France, JTEKT, AST Bearings, NTN Bearing, Gebr. Reinfurt, NKE, Timken, McGILL, IBC, Piwang Bearing, RBC, PEER, NRB, KML, Haining ZhengYang Bearing, Tianma Bearing Group, Harbin Bearing, Lily Bearing, Aoyama, Fuda, Liaocheng Jianhua Special Bearing

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 Marine Bearing Market Report Segments:

The global Marine Bearing market is segmented on the basis of:


Rolling Bearing, Sliding Bearing

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.


Submarine, Steamship, 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. Schaeffler
  2. Lewmar
  3. Solimar
  4. NSK
  5. NACHI
  6. Maucour-France
  7. JTEKT
  8. AST Bearings
  9. NTN Bearing
  10. Gebr. Reinfurt
  11. NKE
  12. Timken
  13. McGILL
  14. IBC
  15. Piwang Bearing
  16. RBC
  17. PEER
  18. NRB
  19. KML
  20. Haining ZhengYang Bearing
  21. Tianma Bearing Group
  22. Harbin Bearing
  23. Lily Bearing
  24. Aoyama
  25. Fuda
  26. Liaocheng Jianhua Special Bearing

Global Marine Bearing Market Overview

Highlights of The Marine Bearing 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. Rolling Bearing
    2. Sliding Bearing
  1. By Application:

    1. Submarine
    2. Steamship
    3. 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 Marine 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
  • Channel & Customer Management
  • Identifying Appropriate Advertising Appeals

Global Marine Bearing 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?

Marine Bearing is a type of bearing that is used in marine applications. It is designed to resist corrosion and wear, and it can handle high loads.

Some of the key players operating in the marine bearing market are Schaeffler, Lewmar, Solimar, NSK, NACHI, Maucour-France, JTEKT, AST Bearings, NTN Bearing, Gebr. Reinfurt, NKE, Timken, McGILL, IBC, Piwang Bearing, RBC, PEER, NRB, KML, Haining ZhengYang Bearing, Tianma Bearing Group, Harbin Bearing, Lily Bearing, Aoyama, Fuda, Liaocheng Jianhua Special Bearing.

The marine bearing market is expected to register a CAGR of 5.5%.

1. Executive Summary

2. Assumptions and Acronyms Used

3. Research Methodology

4. Marine Bearing 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. Marine Bearing Market Dynamics
      4.3.1. Market Drivers
      4.3.2. Market Restraints
      4.3.3. Opportunity
      4.3.4. Market Trends
   4.4. Marine Bearing Market - Supply Chain
   4.5. Global Marine Bearing Market Forecast
      4.5.1. Marine Bearing Market Size (US$ Mn) and Y-o-Y Growth
      4.5.2. Marine Bearing Market Size (000’ Units) and Y-o-Y Growth
      4.5.3. Marine Bearing Market Absolute $ Opportunity

5. Global Marine Bearing 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. Marine Bearing Market Size and Volume Forecast by Type
      5.3.1. Rolling Bearing
      5.3.2. Sliding Bearing
   5.4. Absolute $ Opportunity Assessment by Type
   5.5. Market Attractiveness/Growth Potential Analysis by Type

6. Global Marine Bearing 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. Marine Bearing Market Size and Volume Forecast by Application
      6.3.1. Submarine
      6.3.2. Steamship
      6.3.3. Other
   6.4. Absolute $ Opportunity Assessment by Application
   6.5. Market Attractiveness/Growth Potential Analysis by Application

7. Global Marine Bearing 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. Marine Bearing 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 Marine Bearing 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. Marine Bearing 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 Marine Bearing Demand Share Forecast, 2019-2026

9. North America Marine Bearing 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 Marine Bearing 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 Marine Bearing Market Size and Volume Forecast by Application
      9.4.1. Submarine
      9.4.2. Steamship
      9.4.3. Other
   9.5. Basis Point Share (BPS) Analysis by Application
   9.6. Y-o-Y Growth Projections by Application
   9.7. North America Marine Bearing Market Size and Volume Forecast by Type
      9.7.1. Rolling Bearing
      9.7.2. Sliding Bearing
   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 Marine Bearing Demand Share Forecast, 2019-2026

10. Latin America Marine Bearing 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 Marine Bearing 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 Marine Bearing Market Size and Volume Forecast by Application
      10.4.1. Submarine
      10.4.2. Steamship
      10.4.3. Other
   10.5. Basis Point Share (BPS) Analysis by Application
   10.6. Y-o-Y Growth Projections by Application
   10.7. Latin America Marine Bearing Market Size and Volume Forecast by Type
      10.7.1. Rolling Bearing
      10.7.2. Sliding Bearing
   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 Marine Bearing Demand Share Forecast, 2019-2026

11. Europe Marine Bearing 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 Marine Bearing 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 Marine Bearing Market Size and Volume Forecast by Application
      11.4.1. Submarine
      11.4.2. Steamship
      11.4.3. Other
   11.5. Basis Point Share (BPS) Analysis by Application
   11.6. Y-o-Y Growth Projections by Application
   11.7. Europe Marine Bearing Market Size and Volume Forecast by Type
      11.7.1. Rolling Bearing
      11.7.2. Sliding Bearing
   11.8. Basis Point Share (BPS) Analysis by Type
   11.9. Y-o-Y Growth Projections by Type
   11.10. Market Attractiveness/Growt 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 Marine Bearing Demand Share, 2019-2026

12. Asia Pacific Marine Bearing 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 Marine Bearing 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 Marine Bearing Market Size and Volume Forecast by Application
      12.4.1. Submarine
      12.4.2. Steamship
      12.4.3. Other
   12.5. Basis Point Share (BPS) Analysis by Application
   12.6. Y-o-Y Growth Projections by Application
   12.7. Asia Pacific Marine Bearing Market Size and Volume Forecast by Type
      12.7.1. Rolling Bearing
      12.7.2. Sliding Bearing
   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 Marine Bearing Demand Share, 2019-2026

13. Middle East & Africa Marine Bearing 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 Marine Bearing 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 Marine Bearing Market Size and Volume Forecast by Application
      13.4.1. Submarine
      13.4.2. Steamship
      13.4.3. Other
   13.5. Basis Point Share (BPS) Analysis by Application
   13.6. Y-o-Y Growth Projections by Application
   13.7. Middle East & Africa Marine Bearing Market Size and Volume Forecast by Type
      13.7.1. Rolling Bearing
      13.7.2. Sliding Bearing
   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 Marine Bearing Demand Share, 2019-2026

14. Competition Landscape
   14.1. Global Marine Bearing Market: Market Share Analysis
   14.2. Marine Bearing Distributors and Customers
   14.3. Marine Bearing Market: Competitive Dashboard
   14.4. Company Profiles (Details – Overview, Financials, Developments, Strategy) 
      14.4.1. Schaeffler Overview Financials Developments Strategic Outlook
      14.4.2. Lewmar Overview Financials Developments Strategic Outlook
      14.4.3. Solimar Overview Financials Developments Strategic Outlook
      14.4.4. NSK Overview Financials Developments Strategic Outlook
      14.4.5. NACHI Overview Financials Developments Strategic Outlook
      14.4.6. Maucour-France Overview Financials Developments Strategic Outlook
      14.4.7. JTEKT Overview Financials Developments Strategic Outlook
      14.4.8. AST Bearings Overview Financials Developments Strategic Outlook
      14.4.9. NTN Bearing Overview Financials Developments Strategic Outlook
      14.4.10. Gebr. Reinfurt Overview Financials Developments Strategic Outlook
      14.4.11. NKE Overview Financials Developments Strategic Outlook
      14.4.12. Timken Overview Financials Developments Strategic Outlook
      14.4.13. McGILL Overview Financials Developments Strategic Outlook
      14.4.14. IBC Overview Financials Developments Strategic Outlook
      14.4.15. Piwang Bearing Overview Financials Developments Strategic Outlook
      14.4.16. RBC Overview Financials Developments Strategic Outlook
      14.4.17. PEER Overview Financials Developments Strategic Outlook
      14.4.18. NRB Overview Financials Developments Strategic Outlook
      14.4.19. KML Overview Financials Developments Strategic Outlook
      14.4.20. Haining ZhengYang Bearing Overview Financials Developments Strategic Outlook

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