Spherical Roller Bearings Market Report 2026

The spherical roller bearings market size has grown steadily in recent years. It will grow from $5.49 billion in 2025 to $5.71 billion in 2026 at a compound annual growth rate (CAGR) of 4%. The growth in the historic period can be attributed to growth of heavy industrial machinery, expansion of mining and construction activities, increasing use of bearings in material handling equipment, rising demand from pulp and paper processing industry, growth of marine and offshore operations.

The spherical roller bearings market size is expected to see steady growth in the next few years. It will grow to $6.69 billion in 2030 at a compound annual growth rate (CAGR) of 4%. The growth in the forecast period can be attributed to expansion of wind energy installations, rising investments in infrastructure development, increasing demand for reliable bearings in electric vehicles, growth of automated manufacturing systems, rising focus on equipment durability and uptime. Major trends in the forecast period include rising demand for high load bearing capacity, growing adoption of self aligning bearings, increasing use in wind turbine applications, expansion of heavy duty bearings in mining equipment, higher preference for durable bearings in harsh environments.

The growing demand for electric commercial vehicles is anticipated to drive the expansion of the spherical roller bearings market in the coming years. Electric commercial vehicles, including trucks and buses, are powered solely by electric batteries instead of traditional fuel sources. This rising demand is fueled by environmental regulations, the push for sustainable transportation, lower operational costs, and the growth of e-commerce and last-mile delivery services. Spherical roller bearings play a crucial role in enhancing the performance of electric commercial vehicles by providing higher load-carrying capacity and reducing friction, which improves efficiency, reliability, and durability, particularly under demanding conditions. For example, a report from The U.S. Energy Information Administration (EIA) in January 2024 indicated that combined sales of hybrid vehicles, plug-in hybrid electric vehicles (PHEVs), and battery electric vehicles (BEVs) in the U.S. light-duty vehicle market reached 16.3% in 2023, up from 12.9% in 2022. Thus, the increasing demand for electric commercial vehicles is significantly impacting the spherical roller bearings market.

Key players in the spherical roller bearings market are concentrating on developing innovative solutions with sustainable components, such as food-grade grease and seals, to meet hygiene and safety standards in food and beverage processing environments. These features enhance machine performance while ensuring high hygiene standards, utilizing corrosion-resistant materials and offering durability that withstands frequent washdowns. For instance, in November 2023, AB SKF, a Swedish bearing manufacturer, launched a new spherical roller bearing specifically designed for the food and beverage industry. This bearing is pre-filled with NSF Category H1 grease, suitable for food applications, and includes a high-performance nitrile butadiene rubber contact seal that is both FDA and EC approved, protecting against water, detergent, and contaminants. Additionally, the blue color of the seal aids in easily identifying any fragments that may inadvertently enter the food.

In February 2023, The Timken Company, a U.S.-based manufacturer of spherical roller bearings, acquired American Roller Bearing Company for an undisclosed amount. This acquisition aims to enhance Timken's portfolio by leveraging American Roller’s expertise in spherical roller bearings manufacturing.

Major companies operating in the spherical roller bearings market are Schaeffler Technologies AG & Co. KG, JTEKT Corporation, AB SKF, MinebeaMitsumi Inc., NSK Ltd., NTN Corporation, The Timken Company, Nachi-Fujikoshi Corp., RBC Bearings Incorporated, C&U Group, National Engineering Industries Ltd, Wafangdian Bearing Group Corporation, NRB Bearings Ltd., Fersa Bearings S.A.U., Mineral circles bearings, BTL-UK LTD, MARC Bearings Pvt Ltd, Rudra Bearings Pvt. Ltd., ZKL Group, KG Bearing India LLP, Shanghai Xin Equation Bearing Co. Ltd, KEC Bearings Pvt Ltd.

Asia-Pacific was the largest region in the spherical roller bearings market in 2025. Europe is expected to be the fastest-growing region in the forecast period. The regions covered in the spherical roller 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 spherical roller bearings market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The spherical roller bearings market consists of sales of standard spherical roller bearings, axial spherical roller bearings, spherical roller thrust bearings, split spherical roller bearings and sealed spherical roller 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.

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