Home > Industrial Machinery > Industrial Equipment > Bearings > Roller Bearings Market

Roller Bearings Market Share

Report ID: GMI12460
Published Date: Nov 2024
Report Format: PDF

Download Free Sample

Roller Bearings Market Share

Global Roller Bearings Company Market Share Analysis (2023)

The roller 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 30%-35% of the total market. Key companies are increasingly adopting strategies such as product innovation to develop advanced, application-specific bearings. They are forming strategic partnerships and collaborations to enhance their market presence and are expanding geographically to capitalize on opportunities in emerging economies. Additionally, firms are engaging in mergers and acquisitions to consolidate their market positions and improve their technological capabilities.

Roller Bearings Market Companies

Major players operating in the roller bearings industry are:

Brammer
C&U Group
Daido Metal
Harbin Bearing Manufacturing
HKT Bearings
JTEKT
Luoyang LYC Bearing
Minebea
NBI Bearings Europe
NSK
NTN
RBC Bearings
Rexnord
Schaeffler Group
SKF
The Timken Company

Authors: Avinash Singh, Sunita Singh

Frequently Asked Questions (FAQ) :

The global market for roller bearings was reached USD 15 billion in 2023 and is estimated to grow at a 4.8% CAGR from 2024 to 2032, driven by increased industrial activities and automation.

The cylindrical roller bearings segment reached USD 5.7 billion in 2023 and is expected to grow at a 5% CAGR through 2032, due to its versatility and superior performance in handling heavy radial loads and high-speed applications.

The automotive segment accounted for over 35.9% of the revenue share in 2023 and is projected to grow at a 5.1% CAGR from 2024 to 2032, led by extensive use in vehicle components like wheels, engines, and transmissions.

The U.S. roller bearings market held a 77.1% share in 2023 and is expected to grow at a 4.6% CAGR from 2024 to 2032, propelled by a robust industrial base and strong automotive sector.

Key players in the roller bearings industry include Brammer, C&U Group, Daido Metal, Harbin Bearing Manufacturing, HKT Bearings, JTEKT, Luoyang LYC Bearing, Minebea, NBI Bearings Europe, NSK, NTN, RBC Bearings, Rexnord, Schaeffler Group, SKF, and The Timken Company.