Bearings Market Overview – Key Futuristic Trends and Competitive Landscape 2026 | Schaeffler Group, Harbin Bearing Manufacturing Co., Ltd., NSK Global, The Timken Company, Rexnord Corporation

The worldwide Bearings market is anticipated to reach around $193 billion by 2026 according to a new research published by Polaris Market Research. In 2017, the ball bearings segment dominated the global market, in terms of revenue. Asia-Pacific is expected to be the leading contributor to the global market in 2017.

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There has been an increasing adoption of bearings across the world owing to the growing manufacturing industry. Also, the growing applications of bearings in heavy machinery, and increasing automation of manufacturing processes boost the adoption of the bearings market during the forecast period. Factors such as growth in the global manufacturing industry, increasing applications in diverse industries, and increasing use in automobile production stimulate the growth of the global bearings market. Other factors driving the growth of this market include growth in the global automotive industry, rising demand from the renewable energy sector, and increasing demand for light-weight bearings for various applications. Growing demand from emerging economies, and technological advancements are factors expected to provide numerous growth opportunities in the coming years.

Asia-Pacific generated the highest revenue in the market in 2017. The increasing automation, use of heavy machinery in the manufacturing sector, and the established automotive industry drive the growth of bearing market in this region. The rising demand of motor vehicles from countries such as China, Japan, India, and South Korea, along with increasing requirement of light-weight bearing in automobiles boosts the adoption of bearings in the region. Increasing investments and technological advancements are expected to boost the adoption of bearings in the region during the forecast period. Increasing need to improve efficiency and productivity along with increased industrialization and automation further supplements the bearings market growth. The increasing applications of bearings in the renewable energy sector of Asia-Pacific are expected to accelerate the market growth during the forecast period.

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The companies operating in bearings market include Schaeffler Group, Harbin Bearing Manufacturing Co., Ltd., NSK Global, The Timken Company, Rexnord Corporation, JTEKT Corporation, Brammer PLC, Federal Moghul Holding Corporation, NTN Corporation, and NKE AUSTRIA GmbH. These companies launch new products and collaborate with other market leaders to innovate and launch new products to meet the increasing needs and requirements of consumers.

  • Bearings Market Size and Forecast by Type, 2018-2026
    • Ball Bearings
    • Roller Bearings
    • Others
  • Bearings Market Size and Forecast by End-User, 2018-2026
    • Automotive
    • Electrical and Electronics
    • Construction
    • Mining
    • Aerospace
    • Others
  • Bearings Market Size and Forecast by Region, 2018-2026
      • North America
      • US.
      • Canada
      • Mexico
    • Europe
      • Germany
      • UK
      • France
      • Italy
      • Rest of Europe
    • Asia-Pacific
      • China
      • India
      • Japan
      • Rest of Asia-Pacific
    • Latin America
      • Brazil
      • Middle East & Africa

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About Polaris Market Research
Polaris Market Research is a global market research and consulting company. The company specializes in providing exceptional market intelligence and in-depth business research services for our clientele spread across different enterprises. We at Polaris are obliged to serve our diverse customer base present across the industries of healthcare, technology, semi-conductors and chemicals among various other industries present around the world. We strive to provide our customers with updated information on innovative technologies, high growth markets, emerging business environments and latest business-centric applications, thereby helping them always to make informed decisions and leverage new opportunities. Adept with a highly competent, experienced and extremely qualified team of experts comprising SMEs, analysts and consultants, we at Polaris endeavor to deliver value-added business solutions to our customers.

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Elina Park

Elina Is Business Journalist Carrying Experience For More than 5 Years, She is an active contributor to various business blogs

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