Bearings Global Market Report 2026

Bearings are crucial machine components that consist of rolling elements designed to minimize friction, carry loads, and guide the movement and position of various machine parts. They are widely utilized across diverse industries to reduce friction between moving elements and support relative motion.

The main types of bearings are categorized as unmounted and mounted bearings. Unmounted bearings are those with cylindrical elements typically pressed onto a shaft or featuring a tapered bore for mounting on a drive shaft with an adapter sleeve. They come in a variety of types and styles to suit different applications. Bearings are manufactured using materials such as metal, plastic, and ceramics. Bearings find applications across various industries, including automotive, agriculture, electrical, mining and construction, railway and aerospace, automotive aftermarket, and others. These products are distributed through both online and offline distribution channels.

Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report's Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.

Tariffs are affecting the bearings market by increasing costs of imported steel alloys, ceramic materials, precision rolling elements, and machining equipment used in bearing production. Automotive, industrial, and mining sectors in North America and Europe are most impacted due to dependence on imported components, while Asia-Pacific faces export pricing pressures. These tariffs are increasing manufacturing costs and impacting pricing strategies. However, they are also encouraging domestic production expansion, localized supply chains, and innovation in alternative bearing materials.

The bearings market research report is one of a series of new reports from The Business Research Company that provides bearings market statistics, including bearings industry global market size, regional shares, competitors with a bearings market share, detailed bearings market segments, market trends, and opportunities, and any further data you may need to thrive in the bearings industry. This bearings market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The bearings market size has grown strongly in recent years. It will grow from $145.74 billion in 2025 to $158.49 billion in 2026 at a compound annual growth rate (CAGR) of 8.8%. The growth in the historic period can be attributed to expansion of industrial machinery deployment, growth of automotive manufacturing, increasing use in mining and construction equipment, adoption of precision engineering practices, improvements in bearing material science.

The bearings market size is expected to see strong growth in the next few years. It will grow to $221.48 billion in 2030 at a compound annual growth rate (CAGR) of 8.7%. The growth in the forecast period can be attributed to rising electric vehicle production, increasing investments in smart manufacturing, expansion of renewable energy installations, growing demand for high-speed machinery, increasing focus on equipment reliability. Major trends in the forecast period include increasing adoption of smart and sensor-integrated bearings, rising demand for high-performance low-friction bearings, growing use of advanced bearing materials, expansion of predictive maintenance solutions, enhanced focus on energy efficiency.

The rising demand for electric vehicles (EVs) is expected to drive the growth of the bearings market in the coming years. An electric vehicle is powered by an electric motor rather than an internal combustion engine, relying on stored electrical energy instead of burning gasoline or fuel mixtures. EVs and hybrid electric vehicles (HEVs) use high-speed electric motors that require specialized bearings to ensure efficiency, durability, and smooth performance. The rapid adoption of EVs is increasing the demand for bearings capable of withstanding higher rotational speeds, reducing friction, and providing enhanced thermal stability. For example, in February 2024, Sustainable Bus, an Italy-based media company focused on clean buses and sustainable mobility, reported that electric bus registrations in Europe rose by 53% in 2023 compared to 2022, indicating strong growth in the EV market. Consequently, the growing demand for electric vehicles is propelling the bearings market during the forecast period.

Major companies in the bearings market are concentrating on developing innovative products, such as a lineup of bearings, to boost their revenues. This lineup includes bearings with bioplastic cages, which refers to a series of bearing products that utilize biodegradable or bioplastic materials for their cages (also known as retainers). For example, in September 2023, Schaeffler, a Germany-based company that supplies components, systems, and services for the automotive and industrial sectors, launched cylindrical roller bearings. Schaeffler's super precision range features the N10 series of single-row cylindrical roller bearings, along with the NN30 (with ribs on the inner ring) and NNU49 (with ribs on the outer ring) series of double-row cylindrical roller bearings. These bearings are specifically designed for applications that require exceptional precision under high radial loads. A common application is in supporting the main spindle, where they enable bearing arrangements with outstanding precision, high radial rigidity, and excellent load-carrying capacity.

In February 2023, Timken Company, a US-based manufacturer of bearings, acquired American Roller Bearing Company (ARB) for an undisclosed sum. This acquisition allows ARB's end-market mix, customer base, and robust aftermarket position to align perfectly with Timken's business model, thereby enhancing its overall market presence. American Roller Bearing Company (ARB) is a manufacturer of industrial bearings based in the United States.

Major companies operating in the bearings market are Harbin Bearing Manufacturing Co. Ltd., HKT Bearings Limited, Igus Inc., JTEKT Corporation, MinebeaMitsumi Inc., ISB Industries S.r.l., KOYO Corporation of U.S.A., THB Bearings Co. Ltd., Myonic GmbH, SKF Group, LYC Bearing Corporation Limited, NTN Corporation, RKB Europe S.A., NSK Ltd., NBI Bearings Europe S.A., Rexnord Corporation, Schaeffler Technologies AG & Co. KG, The Timken Company, C&U Group Company Limited, Luoyang LYC Bearing Co. Ltd., Daido Metal Co. Ltd., THK Co. Ltd., GGB Bearing Technology, RBC Bearings Incorporated

Asia-Pacific was the largest region in the bearings market in 2025. Western Europe is expected to be the fastest-growing region in the forecast period. The regions covered in the bearings market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

The countries covered in the bearings market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The bearings market consists of sales of bearing unmounted bearings, such as steel ball bearings, and stainless-steel ball bearings. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

Bearings Market Global Report 2026 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses bearings market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

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Where is the largest and fastest growing market for bearings ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward, including technological disruption, regulatory shifts, and changing consumer preferences? The bearings market global report from the Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, total addressable market (TAM), market attractiveness score (MAS), competitive landscape, market shares, company scoring matrix, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

• The market characteristics section of the report defines and explains the market. This section also examines key products and services offered in the market, evaluates brand-level differentiation, compares product features, and highlights major innovation and product development trends.
• The supply chain analysis section provides an overview of the entire value chain, including key raw materials, resources, and supplier analysis. It also provides a list competitor at each level of the supply chain.
• The updated trends and strategies section analyses the shape of the market as it evolves and highlights emerging technology trends such as digital transformation, automation, sustainability initiatives, and AI-driven innovation. It suggests how companies can leverage these advancements to strengthen their market position and achieve competitive differentiation.
• The regulatory and investment landscape section provides an overview of the key regulatory frameworks, regularity bodies, associations, and government policies influencing the market. It also examines major investment flows, incentives, and funding trends shaping industry growth and innovation.
• The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
• The forecasts are made after considering the major factors currently impacting the market. These include the technological advancements such as AI and automation, Russia-Ukraine war, trade tariffs (government-imposed import/export duties), elevated inflation and interest rates.
• The total addressable market (TAM) analysis section defines and estimates the market potential compares it with the current market size, and provides strategic insights and growth opportunities based on this evaluation.
• The market attractiveness scoring section evaluates the market based on a quantitative scoring framework that considers growth potential, competitive dynamics, strategic fit, and risk profile. It also provides interpretive insights and strategic implications for decision-makers.
• Market segmentations break down the market into sub markets.
• The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth.
• Expanded geographical coverage includes Taiwan and Southeast Asia, reflecting recent supply chain realignments and manufacturing shifts in the region. This section analyzes how these markets are becoming increasingly important hubs in the global value chain.
• The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
• The company scoring matrix section evaluates and ranks leading companies based on a multi-parameter framework that includes market share or revenues, product innovation, and brand recognition.

Scope

• Markets Covered:1) By Bearing Type: Unmounted Bearing; Mounted Bearing
• 2) By Material: Metal; Plastic; Ceramics
• 3) By Application: Automotive; Agriculture; Electrical; Mining and construction; Railway and Aerospace; Automotive Aftermarket; Other Applications
• 4) By Distribution Channel: Online; Offline
• Subsegments:
• 1) By Unmounted Bearing: Ball Bearings; Roller Bearings; Plain Bearings
• 2) By Mounted Bearing: Pillow Block Bearings; Flange Block Bearings; Hanger Bearings
• Companies Mentioned: Harbin Bearing Manufacturing Co. Ltd.; HKT Bearings Limited; Igus Inc.; JTEKT Corporation; MinebeaMitsumi Inc.; ISB Industries S.r.l.; KOYO Corporation of U.S.A.; THB Bearings Co. Ltd.; Myonic GmbH; SKF Group; LYC Bearing Corporation Limited; NTN Corporation; RKB Europe S.A.; NSK Ltd.; NBI Bearings Europe S.A.; Rexnord Corporation; Schaeffler Technologies AG & Co. KG; The Timken Company; C&U Group Company Limited; Luoyang LYC Bearing Co. Ltd.; Daido Metal Co. Ltd.; THK Co. Ltd.; GGB Bearing Technology; RBC Bearings Incorporated
• Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Taiwan; Russia; South Korea; UK; USA; Canada; Italy; Spain.
• Regions: Asia-Pacific; South East Asia; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
• Time Series: Five years historic and ten years forecast.
• Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
• Data Segmentations: country and regional historic and forecast data, market share of competitors, market segments.
• Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
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