Bearings Market Report 2026

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.

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