Ball Bearing Market Size, Share, and Trends 2025 to 2034

Ball Bearing Market Size and Forecast 2025 to 2034

The global ball bearing market size reached USD 28.07 billion in 2024 and is expected to be worth around USD 39.42 billion by the end of 2034, expanding at a compound annual growth rate (CAGR) of 3.45% during the forecast period from 2025 to 2034.

Ball Bearing Market Key Takeaways

• Asia Pacific led the global market with the highest market share of 43% in 2024.
• North America region is estimated to expand the fastest CAGR between 2025 and 2034.
• By application, the automotive segment has held the largest market share of 53% in 2024.

Asia Pacific Ball Bearing Market Size and Forecast 2025 To 2034

The Asia Pacific ball bearing market size reached USD 12.07 billion in 2024 and is anticipated to be worth around USD 17.15 billion by 2034, poised to grow at a CAGR of 3.58% from 2025 to 2034.

The Asia-Pacific region accounts for more than 43% of the revenue share by 2024. Countries such as China and Japan are driving the growth of the bearing market in Asia-Pacific, where sales numbers are expected to increase in the upcoming years due to robust expansion in automobile and machinery manufacturing, as well as an aftermarket for industrial equipment and auto repair. Sales of automotive bearings are expected to increase in Asia-Pacific countries, mainly in India, China, and Japan in the coming years. The growing demand for vehicles, especially passenger cars and two-wheelers by more than a third of the world's population concentrated in India and China, is supporting the sale of automotive bearings.

The ball bearings market is expected to witness steady growth of automotive bearings in the markets of Europe and North America. Emerging economies such as Brazil and South Africa are expected to record high growth rates during the forecast period. Europe is said to be experiencing favorable growth rates due to sustained economic growth and increased investment. The growth in the sales of electric vehicles, coupled with the growth and development of the automotive and automotive industries, is driving the bearing market growth in the European region.

In addition, demand in mature markets such as Western Europe, the United States, and Japan is expected to be driven by a recovery in motor vehicle production and a strong investment condition. Improved revenue from high-value bearings, including custom large-diameter bearings used in turbines and heavy machinery, is also expected to trigger market growth in North America.

Market Overview

Bearings are basically used in every kind of machine or equipment ranging from agricultural equipment, auto parts, and home machinery to aviation and safeguard equipment. Bearings are used in a number of automotive applications including interiors, wheel hubs, power trains, and engines. Continuously increasing vehicle production, growing demand from emerging countries, and growing demand for technology-enhancing solutions are enterprising the growth of the automotive industry bearings market worldwide. In recent years, there is an increasing demand for bearings with higher performance, less maintenance, and longer life. Ball bearings hold spherical rolling members and are used for smaller loads, while roller bearings have elliptical rolling elements and are used for big loads. Linear bearings are used to move linearly along the shaft and also rotate. Pre-assembled bearings are pre-assembled sets of bearings in racks that are attached to frames and other structures used to support shaft ends and other structures.

Ball Bearing Market Growth Factors

The requisition for electric vehicles will be driven mainly by the increase in car sales and the increase in the use of these vehicles. The average passenger car has 35 bearings, which varies considerably depending on the vehicle model and broadly used robotics. The most current technological elevation in dual-clutch automatic transmissions necessitates the induction of three more bearings, two main shafts from the second transmission, and one on the dual-clutch. In addition, the development of high-capacity bearings combined with transcending lubrication performance will drive the growth of the bearing market. Bearings are important in powering several rotating elements and maintaining the load characteristics of various mechanical devices. The elevated demand for a specialized system to meet specific industry needs such as airplane support systems, gas meters, and medical imaging equipment will significantly drive the market growth in the bearing industry.

Various industries are driving the ball bearing market growth interested in designing extremely low tolerance components, fixtures, and machines and stable over time under severe working conditions. Growing demand for ball bearing due to a spike in the usage of custom bearings is expected to drive market revenue growth. The rise of digitization and smart technologies embedded in bearings are driving the excrescence of the market Digitization is one of the key approaches to capture wireless options in the vertical. The bearing is digitized by moving its lubrication state and oscillation pattern. These measurements are dissected to take corrective action in the event of potential problems. The coalition of sensors with bearings has developed into smart bearings. For industrial operation, the sensor expedient the direction, temperature, speed, and vibration of these bearings. In addition, the advent of the Internet of Things (IoT) and Real-time Artificial Intelligence (AI) benefits end-users easily monitoring the form of their bearings at any time. In addition, the technological shift towards electric vehicles (EVs) is proving to be positive. Because ball-bearing electric vehicles are more technologically advanced than conventional vehicles using an internal combustion engine (IC).

Market Scope

Market Dynamics

Key Market Drivers

Usage of advanced materials in manufacturing bearings - The market for precision mechanical bearings is growing in a variety of industries, where chromium steel is widely used in the bearing-making process. These chromium steel bearings improve the bearing's physical characteristics in terms of wear resistance, fatigue life hardness, stiffness, and other properties compared to traditional bearings. In addition, to meet industry-specific requirements for applications in harsh environments, bearing manufacturers are required to use tungsten carbide.

Rising demand for precision engineering - Various industries are driving the Ball bearing market growth interested in designing very low tolerance components, fixtures, and machines and stable over time under severe working conditions. Growing demand for ball bearing due to a spike in the usage of custom bearings will drive market revenue growth.

Development of precision bearings for power trains - The chromium steel bearings improve the bearing's physical properties in terms of hardness, wear resistance, stiffness, fatigue life, and other properties compared to traditional bearings. In addition, to meet industry-specific requirements for applications in harsh environments, bearing manufacturers are required to use tungsten carbide and ceramic materials.

Key Market Challenges

• Bearing failure occurrences - The growth of the global bearing market is hampered by bearing failure caused by electric vehicles, volatile raw material prices, rising electrification of vehicles, and high maintenance costs.
• COVID-19 disruptions - The COVID-19 pandemic had a significant impact on the market, with many manufacturing plants facing the negative effects of shutdowns in major economies such as Japan, and China, among others. The automotive industry has seen a significant decline in vehicle production, mainly due to supply chain disruptions and limited supply hampering the market for ball bearings.
• Geopolitical conflicts pose serious challenges to the market - Market restrictions have an impact on the market. Many countries have geopolitical conflicts among each other which affect the global supply chain and negatively impact the ball-bearing market.

Key Market Opportunities

• Increasing investment by key market players in product design - Manufacturers are constantly working to improve product designs to increase efficiency and energy effectiveness. They use a one-off material for the raceway, cage, and rolling member as well as a redesigned raceway profile. In addition, technological advances in sealing and lubrication technologies as well as the use of lightweight materials in high-performance products are opening up enormous opportunities for manufacturers.
• High-performance bearings - The growing demand for high-performance bearings has prompted manufacturers to incorporate advanced sensors into their products. The sensor supports digital monitoring of shaft movement, deceleration, acceleration, rotational speed, and load capacity of the product. In addition, the advent of the agricultural Internet of Things (IoT) has encouraged the adoption and ongoing monitoring of connected devices and machines. This trend will also offer lucrative growth opportunities for market growth.
• New product launches with compact design - Several major suppliers have begun offering hi-tech bearings, which can be continuously monitored to predict failures before they occur. The embracement of these products is still in its infancy. Several other major market players are likely to offer in their portfolios in the near future. Because smart bearings are easy to predict failures before they happen, they offer tremendous value by reducing the cost of unplanned downtime, which will increase the adoption of these products compared to forecast.

Application Insights

The automotive segment dominates the bearing market in 2024 and accounts for 53% of the revenue share. The demand for motor vehicles with advanced technological solutions is increasing, necessitating the rise of the vehicle manufacturing industry. The increasing demand for modern automobiles coupled with the vehicle's ability to innovate has elevated the demand for bearings in the automotive sector. The rail and aerospace segment is the fastest-growing bearing market segment in 2020.

This is attributed to the growing interest in business travel, and the need to replace aging fleets of trains. The growth of the floating market is proportional to the growth of the industrial and automotive sectors. Increasing the production of corporate vehicles is one of the pressing drivers of the bearing market. In addition, the growing construction activities globally are also driving the growth of the global bearing market.

Ball Bearing Market Companies

• Schaeffler AG (Germany)
• NSK Ltd. (Japan)
• Nachi Fujikoshi Corp (Japan)
• LYC Bearing Corporation (China)
• Myonic GmbH (Germany)
• Luoyang Huigong Bearing Technology Co. Ltd. (China)
• ISB Industries (Italy)
• Koyo (Japan)
• NTN Bearing Corporation (United States)
• The Timken Company (United States)
• SKF (Sweden)
• THB Bearings (China)

Segments Covered in the Report

By Type

• Deep Groove Ball Bearings
• Angular Contact Ball Bearings
• Self-Aligning Ball Bearings
• Thrust Ball Bearings
• Others

By Application

• Automotive
• Industrial machinery
• Mining & Construction
• Medical
• Others

By Distribution Channel

• O.E.M
• Retail Distribution

By Geography

• North America
• Europe
• Asia-Pacific
• Latin America
• Middle East & Africa (MEA)