Mining Bearing Market Report: Trends, Forecast and Competitive Analysis to 2030

Mining Bearing Market Trends and Forecast

The future of the global mining bearing market looks promising with opportunities in the shovel, haul truck, dragline, crushing, screening & conveying, markets. The global mining bearing market is expected to reach an estimated $20.5 billion by 2030 with a CAGR of 6.6% from 2024 to 2030. The major drivers for this market are global economic growth, high demand for high-performance, customized bearings, and rapid expansion of mining production.

A more than 150-page report is developed to help in your business decisions.

Mining Bearing Market by Segment

The study includes trends and forecast for the global mining bearing market by bearing type, material, application, and region.

Mining Bearing Market by Bearing Type [Shipment Analysis by Value from 2018 to 2030]:

• Ball Bearing
• Roller Bearing
• Others

Mining Bearing Market by Material [Shipment Analysis by Value from 2018 to 2030]:

• Metallic Bearings
• Non-Metallic Bearings
• Hybrid Bearings

Mining Bearing Market by Application [Shipment Analysis by Value from 2018 to 2030]:

• Shovels
• Haul Trucks
• Dragline
• Crushing, Screening & Conveying
• Others

Mining Bearing Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Mining Bearing Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies, mining bearing companies cater to increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the mining bearing companies profiled in this report include-

• AB SKF
• Schaeffler Technologies
• NSK
• The Timken Company
• NTN Corporation
• Trelleborg
• C&U Group
• LYC Bearing Corporation
• Thordon Bearings
• Harbin Bearing Manufacturing

Mining Bearing Market Insights

Lucintel forecast that roller bearings will remain the largest segment over the forecast period.

Within this market, haul truck will remain the largest segment.

APAC is expected to witness highest growth over the forecast period.

Features of the Global Mining Bearing Market

Market Size Estimates: Mining bearing market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Mining bearing market size by bearing type, material, application, and region. in terms of value ($B).

Regional Analysis: Mining bearing market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different bearing types, materials, applications, and region.s for the mining bearing market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the mining bearing market.

Analysis of competitive intensity of the industry based on Porter's Five Forces model.

FAQ

Q.1. What is the mining bearing market size?

Answer: The global mining bearing marketis expected to reach an estimated $20.5 billion by 2030.

Q.2. What is the growth forecast for the mining bearing market?

Answer: The global mining bearing market is expected to grow with a CAGR of 6.2% from 2024 to 2030.

Q.3. What are the major drivers influencing the growth of the mining bearing market?

Answer: The major drivers for this market are global economic growth, high demand for high-performance, customized bearings, and rapid expansion of mining production.

Q.4. What are the major segments for the mining bearing market?

Answer: The future of the mining bearing market looks promising with opportunities in the shovel, haul truck, dragline, crushing, and screening & conveying markets.

Q.5. Who are the key mining bearing market companies?

Answer: Some of the key mining bearing companies are as follows:

• AB SKF
• Schaeffler Technologies
• NSK
• The Timken Company
• NTN Corporation
• Trelleborg
• C&U Group
• LYC Bearing Corporation
• Thordon Bearings
• Harbin Bearing Manufacturing

Q.6. Which mining bearing market segment will be the largest in future?

Answer: Lucintel forecast that roller bearings will remain the largest segment over the forecast period.

Q.7. In mining bearing market, which region is expected to be the largest in next 5 years?

Answer: APAC is expected to witness highest growth over the forecast period.

Q.8. Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

• Q.1. What are some of the most promising, high-growth opportunities for the mining bearing market by bearing type (ball bearing, roller bearing, and others), material (metallic bearings, non-metallic bearings, and hybrid bearings), application (shovel, haul truck, dragline, crushing, screening & conveying, and others), and region. (North America, Europe, Asia Pacific, and the Rest of the World)?
• Q.2. Which segments will grow at a faster pace and why?
• Q.3. Which region will grow at a faster pace and why?
• Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
• Q.5. What are the business risks and competitive threats in this market?
• Q.6. What are the emerging trends in this market and the reasons behind them?
• Q.7. What are some of the changing demands of customers in the market?
• Q.8. What are the new developments in the market? Which companies are leading these developments?
• Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
• Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
• Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?