Who are the key players in bearings market?

Some of the major players in the bearings industry include SKF, Timken, NSK Global, NTN Corporation, Emerson Bearing, JTEKT, RBC Bearings, Nachi Technology Inc, Nakanishi Manufacturing Corporation, Regal Rexnord, Schaeffler Group, Tsubaki Nakashima Co Ltd, NBI Bearings, Fersa Bearings, MGM Bearings.

How much is the Asia Pacific bearings market worth in 2024?

The Asia Pacific bearings market was worth over 30 billion in 2024.

What will be the size of ball bearings segment in the bearings industry?

The ball bearings segment is anticipated to cross 68.5 billion by 2034.

How big is the bearings market?

The bearings market was valued at USD 58.6 billion in 2024 and is expected to reach around 143.6 billion by 2034, growing at 9% CAGR through 2034.

Bearings Market Share

Report ID: GMI111

Published Date: April 2025

Report Format: PDF

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Bearings Market Companies

Global Bearings Company Market Share Analysis (2023)

The bearings industry is characterized by fragmentation, with numerous regional and global players employing diverse strategies to capture market share. Together these companies hold a market share of 40%-45% of the total market. Prominent strategies include mergers and acquisitions aimed at expanding product portfolios and enhancing global reach, as evidenced by SKF's acquisition of Kaydon Corporation. Companies are also making substantial investments in research and development to introduce advanced materials and technologies, thereby improving durability and efficiency. To penetrate emerging markets, firms are adopting geographical expansion, partnerships, and collaborations.