North America High Heat Bearing Market Report 2021-2031 by Scope, Segmentation, Dynamics, and Competitive Analysis

Description

List of Tables

The North American high heat bearing market is projected to grow significantly, reaching approximately USD 2,483.98 million by 2031, up from USD 1,620.78 million in 2023, reflecting a compound annual growth rate (CAGR) of 5.5% from 2023 to 2031.

Executive Summary and Market Analysis

The growth of the high heat bearing market in North America is primarily driven by the rising demand for advanced materials and systems that can endure extreme temperatures across various sectors, including aerospace, automotive, manufacturing, and energy. The region's well-established industrial infrastructure is a key factor contributing to the increasing need for high heat bearings. Notably, the aerospace and defense sectors are major contributors to this market's expansion in the United States, Canada, and Mexico. The Aerospace Industries Association (AIA) reported that the U.S. aerospace and defense industry achieved over USD 955 billion in sales in 2023, marking a 7.1% increase from the previous year. High heat bearings are crucial for ensuring the performance and reliability of aerospace systems that operate under extreme thermal conditions.

Market Segmentation Analysis

The North American high heat bearing market can be segmented by type and industry.

By Type: The market includes plain bearings, roller bearings, and deep groove ball bearings, with roller bearings holding the largest market share in 2023. The plain bearings segment is further divided into spherical plain bearings, rod ends, and bushings.
By Industry: The market is categorized into metal processing, aerospace, defense, food and beverages, energy and power, manufacturing, automotive, and others. The manufacturing sector accounted for the largest share in 2023.

Market Outlook

The automotive industry is a continuously evolving sector, with a strong focus on enhancing engine efficiency and performance. Components used in engine systems, exhaust systems, turbochargers, and transmissions must withstand high-temperature environments, which directly benefits the high heat bearing market. In 2023, a resurgence in consumer purchases led to increased car sales, with total vehicle retail sales reaching 2.8 million units in October 2024, up from 2.14 million units in October 2023, according to the Federation of Automobile Dealers Associations (FADA). The automotive sector's growth is linked to the rising popularity of shared mobility, the integration of telematics, and consumer demand for personalized transportation options.

Metal processing plays a vital role in modern industrial production, transforming raw metals into finished products used across various industries. Government support for the metals industry fosters growth in metal processing businesses, with significant investments being made in new facilities. For instance, BENTELER announced a USD 21 million investment in a new metal processing plant in Louisiana in May 2024. Additionally, Nupur Recyclers Limited (NRL) plans to expand its operations to include the processing of metal waste and lithium-ion batteries, demonstrating a commitment to evolving consumer needs. High heat bearing materials are essential for ensuring efficiency and durability in metal forming, heat treatment, casting, and welding operations, thus supporting the growth of both the automotive and metal processing industries.

Country Insights

The North American high heat bearing market is comprised of the U.S., Canada, and Mexico, with the U.S. holding the largest market share in 2023. The International Energy Agency (IEA) reported a significant increase in electric vehicle (EV) registrations in the U.S., reaching 1.4 million in 2023, a rise of over 40% from 2022. This growth indicates a rapidly expanding EV industry, which is reshaping the automotive landscape and influencing related sectors, including high heat bearing materials and technologies used in battery, powertrain, and thermal management system manufacturing. The U.S. high heat bearing market is expected to experience substantial growth, bolstered by government support and a strong push towards sustainable transportation.

Company Profiles

Key players in the high heat bearing market include NSK Ltd, NTN Corp, RBC Bearings Incorporated, SKF AB, Global Bearing Technologies S.r.L, Dalian Chengfeng Bearing Sales Co., Ltd, Scheerer Bearing Corporation, DURBAL Metallwarenfabrik GmbH, Graphite Metallizing Corporation, and ISK bearings, among others. These companies are employing various strategies, including expansion, product innovation, and mergers and acquisitions, to enhance their product offerings and increase market share.

Product Code: BMIRE00032099

1. Introduction

1.1 Report Guidance
1.2 Market Segmentation

2. Executive Summary

2.1 Key Insights
2.2 Market Attractiveness

3. Research Methodology

3.1 Secondary Research
3.2 Primary Research
- 3.2.1 Hypothesis formulation:
- 3.2.2 Macro-economic factor analysis:
- 3.2.3 Developing base number:
- 3.2.4 Data Triangulation:
- 3.2.5 Country level data:

4. North America High Heat Bearing Market Landscape

4.1 Overview
4.2 Ecosystem Analysis
- 4.2.1 List of Vendors in the Value Chain
- 4.2.2 High Heat Bearing Application Analysis
  - 4.2.2.1 Jet Engines
  - 4.2.2.2 Gas Turbines
  - 4.2.2.3 Nuclear Reactors
  - 4.2.2.4 Kilns
  - 4.2.2.5 Industrial Ovens
  - 4.2.2.6 Turbochargers
  - 4.2.2.7 Others
- 4.2.3 Bearing Prices Analysis

5. North America High Heat Bearing Market - Key Market Dynamics

5.1 Market Drivers
- 5.1.1 Rising Demand in Food and Beverage Processing Industries
- 5.1.2 Increasing Investments in Aerospace and Defense Sector
- 5.1.3 Surging Demand in Automotive and Metal Processing Industries
5.2 Market Restraints
- 5.2.1 Cost Increase with Use of Advanced Materials in Bearing Manufacturing Processes
5.3 Market Opportunities
- 5.3.1 Burgeoning Investments in Renewable Energy Projects
5.4 Future Trends
- 5.4.1 Integration of Sensors and Advanced Technologies
5.5 Impact of Drivers and Restraints:

6. High Heat Bearing Market - North America Analysis

6.1 North America High Heat Bearing Market Revenue (US$ Million), 2021-2031
6.2 North America High Heat Bearing Market Forecast Analysis

7. North America High Heat Bearing Market Analysis - by Type

7.1 Plain Bearings
- 7.1.1 Overview
- 7.1.2 Plain Bearings: North America High Heat Bearing Market - Revenue and Forecast, 2021-2031 (US$ Million)
7.2 Roller Bearings
- 7.2.1 Overview
- 7.2.2 Roller Bearings: North America High Heat Bearing Market - Revenue and Forecast, 2021-2031 (US$ Million)
7.3 Deep Groove Ball Bearings
- 7.3.1 Overview
- 7.3.2 Deep Groove Ball Bearings: North America High Heat Bearing Market - Revenue and Forecast, 2021-2031 (US$ Million)

8. North America High Heat Bearing Market Analysis - by Industry

8.1 Metal Processing
- 8.1.1 Overview
- 8.1.2 Metal Processing: North America High Heat Bearing Market - Revenue and Forecast, 2021-2031 (US$ Million)
8.2 Aerospace
- 8.2.1 Overview
- 8.2.2 Aerospace: North America High Heat Bearing Market - Revenue and Forecast, 2021-2031 (US$ Million)
8.3 Defense
- 8.3.1 Overview
- 8.3.2 Defense: North America High Heat Bearing Market - Revenue and Forecast, 2021-2031 (US$ Million)
8.4 Food and Beverages
- 8.4.1 Overview
- 8.4.2 Food and Beverages: North America High Heat Bearing Market - Revenue and Forecast, 2021-2031 (US$ Million)
8.5 Energy and Power
- 8.5.1 Overview
- 8.5.2 Energy and Power: North America High Heat Bearing Market - Revenue and Forecast, 2021-2031 (US$ Million)
8.6 Manufacturing
- 8.6.1 Overview
- 8.6.2 Manufacturing: North America High Heat Bearing Market - Revenue and Forecast, 2021-2031 (US$ Million)
8.7 Automotive
- 8.7.1 Overview
- 8.7.2 Automotive: North America High Heat Bearing Market - Revenue and Forecast, 2021-2031 (US$ Million)
8.8 Others
- 8.8.1 Overview
- 8.8.2 Others: North America High Heat Bearing Market - Revenue and Forecast, 2021-2031 (US$ Million)

9. North America High Heat Bearing Market - Country Analysis

9.1 North America
- 9.1.1 North America High Heat Bearing Market Overview
- 9.1.2 North America High Heat Bearing Market - Revenue and Forecast Analysis - by Country
  - 9.1.2.1 North America High Heat Bearing Market - Revenue and Forecast Analysis - by Country
  - 9.1.2.2 United States: North America High Heat Bearing Market - Revenue and Forecast, 2021-2031 (US$ Million)
    - 9.1.2.2.1 United States: North America High Heat Bearing Market Share - by Type
    - 9.1.2.2.2 United States: North America High Heat Bearing Market Share - by Plain Bearings
    - 9.1.2.2.3 United States: North America High Heat Bearing Market Share - by Industry
  - 9.1.2.3 Canada: North America High Heat Bearing Market - Revenue and Forecast, 2021-2031 (US$ Million)
    - 9.1.2.3.1 Canada: North America High Heat Bearing Market Share - by Type
    - 9.1.2.3.2 Canada: North America High Heat Bearing Market Share - by Plain Bearings
    - 9.1.2.3.3 Canada: North America High Heat Bearing Market Share - by Industry
  - 9.1.2.4 Mexico: North America High Heat Bearing Market - Revenue and Forecast, 2021-2031 (US$ Million)
    - 9.1.2.4.1 Mexico: North America High Heat Bearing Market Share - by Type
    - 9.1.2.4.2 Mexico: North America High Heat Bearing Market Share - by Plain Bearings
    - 9.1.2.4.3 Mexico: North America High Heat Bearing Market Share - by Industry

10. Competitive Landscape

10.1 Heat Map Analysis by Key Players
10.2 Company Positioning & Concentration

11. Industry Landscape

11.1 Overview
11.2 Market Initiative
11.3 Product Development

12. Company Profiles

12.1 NSK Ltd
- 12.1.1 Key Facts
- 12.1.2 Business Description
- 12.1.3 Products and Services
- 12.1.4 Financial Overview
- 12.1.5 SWOT Analysis
- 12.1.6 Key Developments
12.2 NTN Corp
- 12.2.1 Key Facts
- 12.2.2 Business Description
- 12.2.3 Products and Services
- 12.2.4 Financial Overview
- 12.2.5 SWOT Analysis
- 12.2.6 Key Developments
12.3 RBC Bearings Incorporated
- 12.3.1 Key Facts
- 12.3.2 Business Description
- 12.3.3 Products and Services
- 12.3.4 Financial Overview
- 12.3.5 SWOT Analysis
- 12.3.6 Key Developments
12.4 SKF AB
- 12.4.1 Key Facts
- 12.4.2 Business Description
- 12.4.3 Products and Services
- 12.4.4 Financial Overview
- 12.4.5 SWOT Analysis
- 12.4.6 Key Developments
12.5 Global Bearing Technologies S.r.L.
- 12.5.1 Key Facts
- 12.5.2 Business Description
- 12.5.3 Products and Services
- 12.5.4 Financial Overview
- 12.5.5 SWOT Analysis
- 12.5.6 Key Developments
12.6 Dalian Chengfeng Bearing Sales Co., Ltd
- 12.6.1 Key Facts
- 12.6.2 Business Description
- 12.6.3 Products and Services
- 12.6.4 Financial Overview
- 12.6.5 SWOT Analysis
- 12.6.6 Key Developments
12.7 Scheerer Bearing Corporation
- 12.7.1 Key Facts
- 12.7.2 Business Description
- 12.7.3 Products and Services
- 12.7.4 Financial Overview
- 12.7.5 SWOT Analysis
- 12.7.6 Key Developments
12.8 DURBAL Metallwarenfabrik GmbH
- 12.8.1 Key Facts
- 12.8.2 Business Description
- 12.8.3 Products and Services
- 12.8.4 Financial Overview
- 12.8.5 SWOT Analysis
- 12.8.6 Key Developments
12.9 Graphite Metallizing Corporation
- 12.9.1 Key Facts
- 12.9.2 Business Description
- 12.9.3 Products and Services
- 12.9.4 Financial Overview
- 12.9.5 SWOT Analysis
- 12.9.6 Key Developments
12.10 ISK bearings
- 12.10.1 Key Facts
- 12.10.2 Business Description
- 12.10.3 Products and Services
- 12.10.4 Financial Overview
- 12.10.5 SWOT Analysis
- 12.10.6 Key Developments

13. Appendix

13.1 About The Insight Partners