The North America Bearing Market would witness market growth of 8.6% CAGR during the forecast period (2022-2028).
Bearings are components that aid in the rotation of things. They support the rotating shaft within the apparatus. Automobiles, aircraft, and electric generators, among other machines, need bearings. Even everyday home equipment, such as refrigerators, vacuum cleaners, and air conditioners, contain them. Bearings support the rotating shafts of these machines' wheels, gears, turbines, rotors, etc., allowing for smoother rotation.
Thus, all types of machines necessitate a large number of the shaft for rotation, and bearings have acquired the moniker "bread and butter" of the machine industry. At first glance, bushings may appear to be simple mechanical components, but people cannot survive without them.
The most complex bearings for the most demanding applications are extremely accurate components, and their production needs some of the most advanced technological standards available today. The development of the rolling bearing, which consists of hardwood rollers supporting or carrying a moving item, is extremely ancient. It may have existed before the creation of a wheel with a simple bearing.
EV sales have climbed dramatically in recent years in Canada, the United States, and other nations, albeit still constituting a small proportion of overall vehicle sales. According to the International Energy Agency, the number of electric cars on the road increased from 180,000 in 2012 to 665,000 by the end of 2014. According to the most recent data available, electric vehicles now represent 0.28 percent of the light-duty vehicle market in Canada. Even though EV technology has been available for a while, industry insiders believe that people are uninformed of the advantages of EVs over conventional, internal combustion engine-powered vehicles (ICE).
The US market dominated the North America Bearing Market by Country in 2021; thereby, achieving a market value of $35.6 billion by 2028. The Canada market is experiencing a CAGR of 11% during (2022 - 2028). Additionally, The Mexico market would witness a CAGR of 10.1% during (2022 - 2028).
Based on Product, the market is segmented into Ball Bearings, Roller Bearings, Plain Bearings and Others. Based on Ball Bearings Type, the market is segmented into Deep Groove Bearings and Others. Based on Roller Bearings Type, the market is segmented into Split, Tapered and Others. Based on Plain Bearings Type, the market is segmented into Journal, Linear, Thrust and Others. Based on Application, the market is segmented into Automotive, Mining & Construction, Agriculture, Electrical, Railway & Aerospace, Automotive Aftermarket and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Bearing Market is Predict to reach $181.1 Billion by 2028, at a CAGR of 8.8%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include AB SKF, NSK Ltd., NTN Corporation, RBC Bearings, Inc., Rexnord Corporation (Regal Rexnord Corporation), Schaeffler AG, The Timken Company, JTEKT Corporation, Harbin Bearing Manufacturing Co. Ltd. (HRB Group) and HKT Bearings Limited.
Scope of the Study
Market Segments Covered in the Report:
By Product
- Ball Bearings
- Deep Groove Bearings
- Others
- Roller Bearings
- Plain Bearings
- Journal
- Linear
- Thrust
- Others
- Others
By Application
- Automotive
- Mining & Construction
- Agriculture
- Electrical
- Railway & Aerospace
- Automotive Aftermarket
- Others
By Country
- US
- Canada
- Mexico
- Rest of North America
Key Market Players
List of Companies Profiled in the Report:
- AB SKF
- NSK Ltd.
- NTN Corporation
- RBC Bearings, Inc.
- Rexnord Corporation (Regal Rexnord Corporation)
- Schaeffler AG
- The Timken Company
- JTEKT Corporation
- Harbin Bearing Manufacturing Co. Ltd. (HRB Group)
- HKT Bearings Limited
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Bearing Market, by Product
1.4.2 North America Bearing Market, by Application
1.4.3 North America Bearing Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition & Scenarios
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Competition Analysis - Global
3.1 KBV Cardinal Matrix
3.2 Recent Industry Wide Strategic Developments
3.2.1 Partnerships, Collaborations and Agreements
3.2.2 Product Launches and Product Expansions
3.2.3 Acquisition and Mergers
3.2.4 Business Expansions
3.3 Top Winning Strategies
3.3.1 Key Leading Strategies: Percentage Distribution (2018-2022)
3.3.2 Key Strategic Move: (Partnerships, Collaborations and Agreements: 2018 Aug– 2022,Sep) Leading Players
3.3.3 Key Strategic Move: (Mergers and Acquisitions: 2018, Feb - 2022, Jan) Leading Players
Chapter 4. North America Bearing Market by Product
4.1 North America Ball Bearings Market by Country
4.2 North America Bearing Market by Ball Bearings Type
4.2.1 North America Deep Groove Bearings Market by Country
4.2.2 North America Others Market by Country
4.3 North America Roller Bearings Market by Country
4.4 North America Bearing Market by Roller Bearings Type
4.4.1 North America Split Market by Country
4.4.2 North America Tapered Market by Country
4.4.3 North America Others Market by Country
4.5 North America Plain Bearings Market by Country
4.6 North America Bearing Market by Plain Bearings Type
4.6.1 North America Journal Market by Country
4.6.2 North America Linear Market by Country
4.6.3 North America Thrust Market by Country
4.6.4 North America Others Market by Country
4.7 North America Others Market by Country
Chapter 5. North America Bearing Market by Application
5.1 North America Automotive Market by Country
5.2 North America Mining & Construction Market by Country
5.3 North America Agriculture Market by Country
5.4 North America Electrical Market by Country
5.5 North America Railway & Aerospace Market by Country
5.6 North America Automotive Aftermarket Market by Country
5.7 North America Others Market by Country
Chapter 6. North America Bearing Market by Country
6.1 US Bearing Market
6.1.1 US Bearing Market by Product
6.1.1.1 US Bearing Market by Ball Bearings Type
6.1.1.2 US Bearing Market by Roller Bearings Type
6.1.1.3 US Bearing Market by Plain Bearings Type
6.1.2 US Bearing Market by Application
6.2 Canada Bearing Market
6.2.1 Canada Bearing Market by Product
6.2.1.1 Canada Bearing Market by Ball Bearings Type
6.2.1.2 Canada Bearing Market by Roller Bearings Type
6.2.1.3 Canada Bearing Market by Plain Bearings Type
6.2.2 Canada Bearing Market by Application
6.3 Mexico Bearing Market
6.3.1 Mexico Bearing Market by Product
6.3.1.1 Mexico Bearing Market by Ball Bearings Type
6.3.1.2 Mexico Bearing Market by Roller Bearings Type
6.3.1.3 Mexico Bearing Market by Plain Bearings Type
6.3.2 Mexico Bearing Market by Application
6.4 Rest of North America Bearing Market
6.4.1 Rest of North America Bearing Market by Product
6.4.1.1 Rest of North America Bearing Market by Ball Bearings Type
6.4.1.2 Rest of North America Bearing Market by Roller Bearings Type
6.4.1.3 Rest of North America Bearing Market by Plain Bearings Type
6.4.2 Rest of North America Bearing Market by Application
Chapter 7. Company Profiles
7.1 AB SKF
7.1.1 Company Overview
7.1.2 Financial Analysis
7.1.3 Segmental and Regional Analysis
7.1.4 Research & Development Expenses
7.1.5 Recent strategies and developments:
7.1.5.1 Partnerships, Collaborations, and Agreements:
7.1.5.2 Product Launches and Product Expansions:
7.1.5.3 Acquisition and Mergers:
7.1.5.4 Business Expansions:
7.2 NSK Ltd.
7.2.1 Company Overview
7.2.2 Financial Analysis
7.2.3 Segmental and Regional Analysis
7.2.4 Research & Development Expenses
7.2.5 Recent strategies and developments:
7.2.5.1 Product Launches and Product Expansions:
7.2.5.2 Acquisition and Mergers:
7.2.5.3 Business Expansions:
7.3 NTN Corporation
7.3.1 Company Overview
7.3.2 Financial Analysis
7.3.3 Segmental Analysis
7.3.4 Research & Development Expenses
7.3.5 Recent strategies and developments:
7.3.5.1 Partnerships, Collaborations, and Agreements:
7.3.5.2 Acquisition and Mergers:
7.4 RBC Bearings, Inc.
7.4.1 Company Overview
7.4.2 Financial Analysis
7.4.3 Segmental Analysis
7.4.4 Recent strategies and developments:
7.4.4.1 Acquisition and Mergers:
7.5 Rexnord Corporation (Regal Rexnord Corporation)
7.5.1 Company Overview
7.5.2 Financial Analysis
7.5.3 Segmental and Regional Analysis
7.5.4 Research & Development Expenses
7.5.5 Recent strategies and developments:
7.5.5.1 Partnerships, Collaborations, and Agreements:
7.5.5.2 Acquisition and Mergers:
7.6 Schaeffler AG
7.6.1 Company Overview
7.6.2 Financial Analysis
7.6.3 Segmental and Regional Analysis
7.6.4 Research & Development Expenses
7.6.5 Recent strategies and developments:
7.6.5.1 Partnerships, Collaborations, and Agreements:
7.6.5.2 Product Launches and Product Expansions:
7.6.5.3 Business Expansions:
7.7 The Timken Company
7.7.1 Company Overview
7.7.2 Financial Analysis
7.7.3 Segmental and Regional Analysis
7.7.4 Research & Development Expenses
7.8 JTEKT Corporation
7.8.1 Company Overview
7.8.2 Financial Analysis
7.8.3 Segmental Analysis
7.8.4 Research & Development Expenses
7.8.5 Recent strategies and developments:
7.8.5.1 Business Expansions:
7.9 Harbin Bearing Manufacturing Co. Ltd. (HRB Group)
7.9.1 Company Overview
7.10. HKT Bearings Limited
7.10.1 Company Overview
TABLE 1 North America Bearing Market, 2018 - 2021, USD Million
TABLE 2 North America Bearing Market, 2022 - 2028, USD Million
TABLE 3 Partnerships, Collaborations and Agreements– Bearing Market
TABLE 4 Product Launches And Product Expansions–Bearing Market
TABLE 5 Acquisition and Mergers–bearing Market
TABLE 6 Business Expansions –Bearing Market
TABLE 7 North America Bearing Market by Product, 2018 - 2021, USD Million
TABLE 8 North America Bearing Market by Product, 2022 - 2028, USD Million
TABLE 9 North America Ball Bearings Market by Country, 2018 - 2021, USD Million
TABLE 10 North America Ball Bearings Market by Country, 2022 - 2028, USD Million
TABLE 11 North America Bearing Market by Ball Bearings Type, 2018 - 2021, USD Million
TABLE 12 North America Bearing Market by Ball Bearings Type, 2022 - 2028, USD Million
TABLE 13 North America Deep Groove Bearings Market by Country, 2018 - 2021, USD Million
TABLE 14 North America Deep Groove Bearings Market by Country, 2022 - 2028, USD Million
TABLE 15 North America Others Market by Country, 2018 - 2021, USD Million
TABLE 16 North America Others Market by Country, 2022 - 2028, USD Million
TABLE 17 North America Roller Bearings Market by Country, 2018 - 2021, USD Million
TABLE 18 North America Roller Bearings Market by Country, 2022 - 2028, USD Million
TABLE 19 North America Bearing Market by Roller Bearings Type, 2018 - 2021, USD Million
TABLE 20 North America Bearing Market by Roller Bearings Type, 2022 - 2028, USD Million
TABLE 21 North America Split Market by Country, 2018 - 2021, USD Million
TABLE 22 North America Split Market by Country, 2022 - 2028, USD Million
TABLE 23 North America Tapered Market by Country, 2018 - 2021, USD Million
TABLE 24 North America Tapered Market by Country, 2022 - 2028, USD Million
TABLE 25 North America Others Market by Country, 2018 - 2021, USD Million
TABLE 26 North America Others Market by Country, 2022 - 2028, USD Million
TABLE 27 North America Plain Bearings Market by Country, 2018 - 2021, USD Million
TABLE 28 North America Plain Bearings Market by Country, 2022 - 2028, USD Million
TABLE 29 North America Bearing Market by Plain Bearings Type, 2018 - 2021, USD Million
TABLE 30 North America Bearing Market by Plain Bearings Type, 2022 - 2028, USD Million
TABLE 31 North America Journal Market by Country, 2018 - 2021, USD Million
TABLE 32 North America Journal Market by Country, 2022 - 2028, USD Million
TABLE 33 North America Linear Market by Country, 2018 - 2021, USD Million
TABLE 34 North America Linear Market by Country, 2022 - 2028, USD Million
TABLE 35 North America Thrust Market by Country, 2018 - 2021, USD Million
TABLE 36 North America Thrust Market by Country, 2022 - 2028, USD Million
TABLE 37 North America Others Market by Country, 2018 - 2021, USD Million
TABLE 38 North America Others Market by Country, 2022 - 2028, USD Million
TABLE 39 North America Others Market by Country, 2018 - 2021, USD Million
TABLE 40 North America Others Market by Country, 2022 - 2028, USD Million
TABLE 41 North America Bearing Market by Application, 2018 - 2021, USD Million
TABLE 42 North America Bearing Market by Application, 2022 - 2028, USD Million
TABLE 43 North America Automotive Market by Country, 2018 - 2021, USD Million
TABLE 44 North America Automotive Market by Country, 2022 - 2028, USD Million
TABLE 45 North America Mining & Construction Market by Country, 2018 - 2021, USD Million
TABLE 46 North America Mining & Construction Market by Country, 2022 - 2028, USD Million
TABLE 47 North America Agriculture Market by Country, 2018 - 2021, USD Million
TABLE 48 North America Agriculture Market by Country, 2022 - 2028, USD Million
TABLE 49 North America Electrical Market by Country, 2018 - 2021, USD Million
TABLE 50 North America Electrical Market by Country, 2022 - 2028, USD Million
TABLE 51 North America Railway & Aerospace Market by Country, 2018 - 2021, USD Million
TABLE 52 North America Railway & Aerospace Market by Country, 2022 - 2028, USD Million
TABLE 53 North America Automotive Aftermarket Market by Country, 2018 - 2021, USD Million
TABLE 54 North America Automotive Aftermarket Market by Country, 2022 - 2028, USD Million
TABLE 55 North America Others Market by Country, 2018 - 2021, USD Million
TABLE 56 North America Others Market by Country, 2022 - 2028, USD Million
TABLE 57 North America Bearing Market by Country, 2018 - 2021, USD Million
TABLE 58 North America Bearing Market by Country, 2022 - 2028, USD Million
TABLE 59 US Bearing Market, 2018 - 2021, USD Million
TABLE 60 US Bearing Market, 2022 - 2028, USD Million
TABLE 61 US Bearing Market by Product, 2018 - 2021, USD Million
TABLE 62 US Bearing Market by Product, 2022 - 2028, USD Million
TABLE 63 US Bearing Market by Ball Bearings Type, 2018 - 2021, USD Million
TABLE 64 US Bearing Market by Ball Bearings Type, 2022 - 2028, USD Million
TABLE 65 US Bearing Market by Roller Bearings Type, 2018 - 2021, USD Million
TABLE 66 US Bearing Market by Roller Bearings Type, 2022 - 2028, USD Million
TABLE 67 US Bearing Market by Plain Bearings Type, 2018 - 2021, USD Million
TABLE 68 US Bearing Market by Plain Bearings Type, 2022 - 2028, USD Million
TABLE 69 US Bearing Market by Application, 2018 - 2021, USD Million
TABLE 70 US Bearing Market by Application, 2022 - 2028, USD Million
TABLE 71 Canada Bearing Market, 2018 - 2021, USD Million
TABLE 72 Canada Bearing Market, 2022 - 2028, USD Million
TABLE 73 Canada Bearing Market by Product, 2018 - 2021, USD Million
TABLE 74 Canada Bearing Market by Product, 2022 - 2028, USD Million
TABLE 75 Canada Bearing Market by Ball Bearings Type, 2018 - 2021, USD Million
TABLE 76 Canada Bearing Market by Ball Bearings Type, 2022 - 2028, USD Million
TABLE 77 Canada Bearing Market by Roller Bearings Type, 2018 - 2021, USD Million
TABLE 78 Canada Bearing Market by Roller Bearings Type, 2022 - 2028, USD Million
TABLE 79 Canada Bearing Market by Plain Bearings Type, 2018 - 2021, USD Million
TABLE 80 Canada Bearing Market by Plain Bearings Type, 2022 - 2028, USD Million
TABLE 81 Canada Bearing Market by Application, 2018 - 2021, USD Million
TABLE 82 Canada Bearing Market by Application, 2022 - 2028, USD Million
TABLE 83 Mexico Bearing Market, 2018 - 2021, USD Million
TABLE 84 Mexico Bearing Market, 2022 - 2028, USD Million
TABLE 85 Mexico Bearing Market by Product, 2018 - 2021, USD Million
TABLE 86 Mexico Bearing Market by Product, 2022 - 2028, USD Million
TABLE 87 Mexico Bearing Market by Ball Bearings Type, 2018 - 2021, USD Million
TABLE 88 Mexico Bearing Market by Ball Bearings Type, 2022 - 2028, USD Million
TABLE 89 Mexico Bearing Market by Roller Bearings Type, 2018 - 2021, USD Million
TABLE 90 Mexico Bearing Market by Roller Bearings Type, 2022 - 2028, USD Million
TABLE 91 Mexico Bearing Market by Plain Bearings Type, 2018 - 2021, USD Million
TABLE 92 Mexico Bearing Market by Plain Bearings Type, 2022 - 2028, USD Million
TABLE 93 Mexico Bearing Market by Application, 2018 - 2021, USD Million
TABLE 94 Mexico Bearing Market by Application, 2022 - 2028, USD Million
TABLE 95 Rest of North America Bearing Market, 2018 - 2021, USD Million
TABLE 96 Rest of North America Bearing Market, 2022 - 2028, USD Million
TABLE 97 Rest of North America Bearing Market by Product, 2018 - 2021, USD Million
TABLE 98 Rest of North America Bearing Market by Product, 2022 - 2028, USD Million
TABLE 99 Rest of North America Bearing Market by Ball Bearings Type, 2018 - 2021, USD Million
TABLE 100 Rest of North America Bearing Market by Ball Bearings Type, 2022 - 2028, USD Million
TABLE 101 Rest of North America Bearing Market by Roller Bearings Type, 2018 - 2021, USD Million
TABLE 102 Rest of North America Bearing Market by Roller Bearings Type, 2022 - 2028, USD Million
TABLE 103 Rest of North America Bearing Market by Plain Bearings Type, 2018 - 2021, USD Million
TABLE 104 Rest of North America Bearing Market by Plain Bearings Type, 2022 - 2028, USD Million
TABLE 105 Rest of North America Bearing Market by Application, 2018 - 2021, USD Million
TABLE 106 Rest of North America Bearing Market by Application, 2022 - 2028, USD Million
TABLE 107 Key Information –AB SKF
TABLE 108 Key Information – Nsk ltd.
TABLE 109 Key Information – NTN COrporation
TABLE 110 Key Information – RBC BEARINGS, inc.
TABLE 111 Key Information –Rexnord Coporation
TABLE 112 Key Information – Schaeffler AG
TABLE 113 Key Information – the timken company
TABLE 114 Key information – JTEKT Corporation
TABLE 115 Key Information – Harbin Bearing Manufacturing Co. Ltd.
TABLE 116 Key Information – HKT Bearings Limited
List of Figures
FIG 1 Methodology for the research
FIG 2 KBV Cardinal Matrix
FIG 3 Key Leading Strategies: Percentage Distribution (2018-2022)
FIG 4 Key Strategic Move: (Partnerships, , Collaborations and Agreements: 2018 Aug– 2022,Sep) Leading Players
FIG 5 Key Strategic Move: (Mergers and Acquisitions: 2018, Feb - 2022,Jan) Leading Players
FIG 6 Recent strategies and developments: AB SKF
FIG 7 Recent strategies and developments: NSK Ltd.
FIG 8 Recent strategies and developments: NTN Corporation
FIG 9 Recent strategies and developments: Rexnord Corporation
FIG 10 Recent strategies and developments: Schaeffler AG