Roller Bearings Market Report 2024

This Roller Bearings market report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.

The roller bearings market size has grown strongly in recent years. It will grow from $21.24 billion in 2023 to $22.34 billion in 2024 at a compound annual growth rate (CAGR) of 5.2%. The growth observed during the historical period can be attributed to several factors, including the adoption of high-performance industrial machinery, a rising demand for electric commercial vehicles, an increase in the production of high-performance industrial machinery, greater usage of heavy machinery in the construction sector, and the expanding automobile industry, which has a significant demand for roller bearings.

The roller bearings market size is expected to see strong growth in the next few years. It will grow to $27.68 billion in 2028 at a compound annual growth rate (CAGR) of 5.5%. The anticipated growth during the forecast period can be attributed to several factors, including an increasing usage of heavy machinery and equipment, a growing number of offshore wind farms, rising demand from manufacturing industries, an expanding population, and increasing disposable income among consumers. Key trends expected in this period include technological advancements, the development of customized roller bearings, improvements in automotive systems, integration into manufacturing processes, and the adoption of predictive maintenance technologies.

The increasing production of vehicles is expected to drive the growth of the roller bearings market in the near future. Vehicle production encompasses the manufacturing of motor vehicles, including cars, trucks, buses, and motorcycles, in factories or assembly plants. This rise in vehicle production is attributed to economic growth in developing countries, enhanced consumer purchasing power, and government incentives that encourage the adoption of electric vehicles. Roller bearings play a vital role in vehicles by minimizing friction and wear between moving parts, which allows for smoother operation and prolongs the lifespan of components. For example, in May 2023, a report from The European Automobile Manufacturers' Association (ACEA), based in Belgium, indicated that the European Union produced 10.9 million passenger cars in 2022, reflecting an 8.3% increase from the previous year. As a result, the increase in vehicle production is driving growth in the roller bearings market.

Leading companies in the roller bearings market are focusing on the development of innovative products, such as super precision cylindrical roller bearings, to enhance performance and ensure high-speed and high-accuracy reliability in sectors such as aerospace, automotive, and machinery. Super precision cylindrical roller bearings are designed for high performance, offering exceptional accuracy, rigidity, and load-carrying capacity. For instance, in March 2024, Schaeffler Technologies AG & Co. KG, a German manufacturer of roller bearings, introduced the new NJ23-ILR series of cylindrical roller bearings, specifically developed for heavy-duty industrial gearboxes and construction machinery. The NJ23-ILR series features a 24% increase in dynamic load rating compared to its predecessor, significantly extending its operational lifespan. Additionally, the NJ23-ILR bearings are interchangeable with existing DIN 5412-1 designs, making replacements in various applications straightforward without the need for extensive modifications. These new products demonstrate Schaeffler's commitment to enhancing performance and sustainability in bearing technology across diverse industrial applications.

In February 2023, The Timken Company, a US manufacturer of roller bearings, acquired American Roller Bearing Company for an undisclosed amount. This acquisition aims to strengthen Timken's portfolio of engineered bearing solutions, enhance its presence in the U.S. market, and improve its competitive position by leveraging ARB's established aftermarket business and customer base. American Roller Bearing Company is a U.S.-based firm that specializes in the manufacture of roller bearings.

Major companies operating in the roller bearings market are Schaeffler Technologies AG and Co. KG, JTEKT Corporation, Minebea Mitsumi Inc., SKF Ab, NSK Ltd., The Timken Company, Nachi-Fujikoshi Corp, RBC Bearings Incorporated, SNL Bearings Limited, IKO International Inc., National Engineering Industries Ltd., Wafangdian Bearing Group, NTN Bearing Corporation, NRB Bearings Limited, Fersa Bearings, Zhejiang Tianma Bearing Group, Luoyang LYC Bearing Co. Ltd., Bimetal Bearings Limited, Menon Bearings Limited, HCH Bearing, ISB Industries, Galaxy Bearings Limited, MBP Bearings Pvt. Ltd., Boca Bearings, Harbin Bearing Manufacturing Co. Ltd.

Asia-Pacific was the largest region in the roller bearings market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the roller bearings market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the roller bearings market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Roller bearings are mechanical components designed to reduce friction between moving parts by utilizing cylindrical rollers instead of balls. These rollers help distribute the load over a larger surface area, making roller bearings particularly effective for supporting heavy loads while facilitating smooth rotational movement in various applications, including machinery and vehicles.

The primary types of roller bearings include tapered, spherical, cylindrical, and others. Tapered roller bearings are specifically engineered to accommodate both radial and axial loads. These bearings can be distributed through both online and offline channels, catering to a wide range of end users, such as those in the automotive, electrical, construction, agriculture sectors, and other industries.

The roller bearings market research report is one of a series of new reports that provides roller bearings market statistics, including roller bearings industry global market size, regional shares, competitors with a roller bearings market share, detailed roller bearings market segments, market trends and opportunities, and any further data you may need to thrive in the roller bearings industry. This roller bearings market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The roller bearings market consists of sales of barrel roller bearings, gear bearings, deep groove ball bearings, and self-aligning 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.


This product will be delivered within 3-5 business days.