Bearings Market, valued at approximately USD 52.71 billion in 2024 and projected to grow at a CAGR of 9.45%, is expanding rapidly due to rising demand for precision machinery and industrial automation, with growth further driven by electric vehicles (EVs), robotics, renewable energy systems, and global infrastructure modernization. The bearings market’s growth is strongly influenced by the increasing adoption of electric vehicles (EVs), robotics, and renewable energy systems, alongside infrastructure modernization worldwide. Asia–Pacific remains the leading production hub and fastest-growing consumer region, with China, India, and Japan accounting for nearly half of global consumption. Europe and North America, meanwhile, maintain leadership in high-precision and specialty bearings, particularly for aerospace, railways, and advanced manufacturing.
Bearings overview
Published by MMR Statistics Research Team, Updated