North America Bearings Market Summary, Competitive Analysis and Forecast to 2027

Key Highlights

• Bearings are mechanical elements that reduce friction between moving elements and limit relative motion to desired motion. There are three main types of bearings: ball bearings, roller bearings, and other bearings. Other bearing segment's scope includes slewing bearings, thrust ball bearings, sleeve bearings, and specialty bearings.
• The North American bearings market had total revenues of $20.2 billion in 2022, representing a compound annual growth rate (CAGR) of 2% between 2017 and 2022.
• The automotive segment accounted for market's the largest proportion in 2022, with total revenues of $7.3 billion, equivalent to 36.3% of the market's overall value.
• Large-scale investment and industrial expansion have resulted in moderate growth of the North American bearings market in 2022. According to Federal Reserve, in Q4 2022, the total industrial production in the US witnessed an annual growth of 1.8%

Scope

• Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the bearings market in North America
• Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the bearings market in North America
• Leading company profiles reveal details of key bearings market players' global operations and financial performance
• Add weight to presentations and pitches by understanding the future growth prospects of the North America bearings market with five year forecasts by both value and volume

Reasons to Buy

• What was the size of the North America bearings market by value in 2022?
• What will be the size of the North America bearings market in 2027?
• What factors are affecting the strength of competition in the North America bearings market?
• How has the market performed over the last five years?
• Who are the top competitors in North America's bearings market?