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Ball Bearing Market Share

Report ID: GMI8015
Published Date: Feb 2024
Report Format: PDF

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Ball Bearing Market Share

Global Company Market Share Analysis, 2023, (%)

The ball bearing industry seem to moderately fragmented in nature due to presence of numerous local and global players across the globe. In 2023, the above list of dominant market players, collectively held a substantial 30% - 35% market share. These prominent players are proactively involved in strategic endeavors like mergers & acquisitions, facility expansions, and collaborations to expand their product portfolios, extend their reach to a broader customer base, and strengthen their market position. These enterprises consistently allocate resources to research and development, aiming to enhance their designs and integrate cutting-edge technologies, ensuring they maintain a competitive edge.

Ball Bearing Market Companies

Major players operating in the ball bearing industry include:

AST Bearings LLC
C&U Group
Cerobear GmbH
JTEKT Corporation (Koyo)
LYC Bearing Corporation
MinebeaMitsumi Inc.
NMB (MinebeaMitsumi Group)
Nachi-Fujikoshi Corp.
NTN Corporation
NSK Ltd.
RBC Bearings Incorporated
Schaeffler Group (FAG, INA)
SKF Group
The Timken Company
Wafangdian Bearing Group Co., Ltd.

Authors: Avinash Singh, Sunita Singh

Frequently Asked Questions (FAQ) :

The market size of ball bearing was reached USD 15 billion in 2023 and is anticipated to register a CAGR of over 5.7% between 2024 and 2032, owing to the increasing adoption of industrial automation and robotics in manufacturing processes.

Stainless steel ball bearings segment crossed USD 6 billion in 2023 and is anticipated to grow through 2032, driven by excellent corrosion resistance, making them suitable for applications in harsh environments.

North America held approximately 28% share of the ball bearing market in 2023 and will grow through 2032, attributed to increased investments in renewable energy projects.

AST Bearings LLC, Wafangdian Bearing Group Co., Ltd., C&U Group, The Timken Company, Cerobear GmbH, SKF Group, JTEKT Corporation (Koyo), Schaeffler Group (FAG, INA), LYC Bearing Corporation, RBC Bearings Incorporated, MinebeaMitsumi Inc., NSK Ltd., NMB (MinebeaMitsumi Group), NTN Corporation and Nachi-Fujikoshi Corp.