Ball Bearing Market Size - By Product Type, By Mounting Type, Material, Application, Distribution Channel & Forecast, 2024

Description

The global ball bearing market size is anticipated to record more than 5.7% CAGR from 2024 to 2032, owing to the increasing demand from various end-user industries, such as automotive, aerospace, and industrial machinery. According to Invest India, the total number of automobile exports from India in 2022-23 amounted to 4,761,487 units, with two-wheelers contributing approximately 77% of the total exports. India aims to double its auto industry size to USD 200 billion by the end of 2024.

The burgeoning adoption of ball bearings in heavy machinery and equipment manufacturing, coupled with the rising emphasis on energy efficiency and sustainability in engineering applications, further amplifies market growth prospects. Additionally, technological advancements leading to the development of high-performance and durable ball bearings are augmenting their uptake across diverse industrial sectors.

The ball bearings market is classified based on product type, mounting type, material, application, distribution channel, and region.

The angular contact ball bearings product type segment is predicted to gain significant traction through 2032 owing to their superior performance characteristics. These bearings are specifically designed to accommodate combined axial and radial loads, making them ideal for applications involving high-speed operations and heavy-duty machinery. Technological innovations, such as the integration of advanced materials and precision engineering techniques, are enhancing the performance attributes of angular contact ball bearings, thereby expanding their utility in critical industrial processes and machinery components.

The heavy machinery application segment is expected to record strong CAGR from 2024 to 2032, due to the continuous expansion of infrastructure development projects worldwide. Ball bearings play a crucial role in ensuring the smooth and efficient operation of heavy machinery and equipment used in construction, mining, agriculture, and material handling industries. With the focus on enhancing productivity, reducing downtime, and improving operational efficiency, manufacturers are actively integrating advanced ball bearing solutions into their machinery designs. Moreover, the growing trend towards automation and digitization in industrial processes is fostering the demand for precision-engineered ball bearings in heavy machinery applications.

Europe ball bearing market size will expand notably through 2032, driven by booming manufacturing activities, technological advancements, and stringent quality standards. The region's emphasis on sustainability and energy efficiency initiatives is driving the adoption of high-performance ball bearing solutions across various end-user industries. Regulatory developments, including stringent emission norms and safety standards, are also influencing market dynamics, prompting manufacturers to innovate and develop eco-friendly and compliant ball bearing solutions.

Product Code: 8015

Chapter 1 Methodology & Scope

1.1 Market scope & definition
1.2 Base estimates & calculations
1.3 Forecast parameter
1.4 Data sources
- 1.4.1 Primary
- 1.4.2 Secondary
  - 1.4.2.1 Paid sources
  - 1.4.2.2 Public sources

Chapter 2 Executive Summary

2.1 Industry 360 degree synopsis

Chapter 3 Industry Insights

3.1 Industry ecosystem analysis
3.2 Technological overview
3.3 Regulatory landscape
3.4 Industry impact forces
- 3.4.1 Growth drivers
- 3.4.2 Industry pitfalls & challenges
3.5 Growth potential analysis
3.6 Porter's analysis
- 3.6.1 Supplier power
- 3.6.2 Buyer power
- 3.6.3 Threat of new entrants
- 3.6.4 Threat of substitutes
- 3.6.5 Industry rivalry
3.7 PESTEL analysis

Chapter 4 Competitive Landscape, 2023

4.1 Company market share analysis
4.2 Competitive positioning matrix
4.3 Strategic outlook matrix

Chapter 5 Market Estimates & Forecast, By Product Type (USD Billion) (Million Units)

5.1 Key trends
5.2 Deep-Groove ball bearings
5.3 Angular contact ball bearings
5.4 Self-Aligning ball bearings
5.5 Thrust ball bearings
5.6 Others

Chapter 6 Market Estimates & Forecast, By Material (USD Billion) (Million Units)

6.1 Key trends
6.2 Stainless steel
6.3 Cadmium
6.4 Plastics
6.5 Others

Chapter 7 Market Estimates & Forecast, By Mounting Type (USD Billion) (Million Units)

7.1 Key trends
7.2 Unmounted bearing
7.3 Mounted bearing

Chapter 8 Market Estimates & Forecast, By Application (USD Billion) (Million Units)

8.1 Key trends
8.2 Automotive
8.3 Aerospace and defense
8.4 Electrical machinery
8.5 Mining and construction
8.6 Heavy machinery
8.7 Others

Chapter 9 Market Estimates & Forecast, By Distribution Channel (USD Billion) (Million Units)

9.1 Key trends
9.2 Direct
9.3 Indirect

Chapter 10 Market Estimates & Forecast, By Region (USD Billion) (Million Units)

10.1 Key trends, by region
10.2 North America
- 10.2.1 U.S.
- 10.2.2 Canada
10.3 Europe
- 10.3.1 Germany
- 10.3.2 U.K.
- 10.3.3 France
- 10.3.4 Italy
- 10.3.5 Spain
- 10.3.6 Rest of Europe
10.4 Asia Pacific
- 10.4.1 China
- 10.4.2 India
- 10.4.3 Japan
- 10.4.4 South Korea
- 10.4.5 Australia
- 10.4.6 Rest of Asia Pacific
10.5 Latin America
- 10.5.1 Brazil
- 10.5.2 Mexico
- 10.5.3 Argentina
- 10.5.4 Rest of Latin America
10.6 MEA
- 10.6.1 Saudi Arabia
- 10.6.2 UAE
- 10.6.3 South Africa
- 10.6.4 Rest of MEA

Chapter 11 Company Profiles

11.1 Caterpillar Inc.
11.2 Con-Tech Manufacturing
11.3 Liebherr Group
11.4 McNeilus Truck and Manufacturing, Inc.
11.5 Oshkosh Corporation
11.6 ProAll Reimer Mixers
11.7 REV Group, Inc.
11.8 RexCon, LLC
11.9 SANY Group
11.10 SCHWING GmbH
11.11 Shantui Construction Machinery Co., Ltd.
11.12 Sinotruk (Hong Kong) Limited
11.13 Terex Corporation
11.14 Volvo Construction Equipment (Volvo CE)
11.15 Zoomlion Heavy Industry Science & Technology Co., Ltd.

Ball Bearing Market Size - By Product Type, By Mounting Type, Material, Application, Distribution Channel & Forecast, 2024 - 2032