Global Mounted Bearing Market Insights Forecasts to 2033

• The Global Mounted Bearing Market Size was Valued at USD 1.48 Billion in 2023
• The Market Size is Growing at a CAGR of 5.59% from 2023 to 2033
• The Worldwide Mounted Bearing Market Size is Expected to Reach USD 2.55 Billion by 2033
• Europe is Expected to Grow the fastest during the forecast period.

The Global Mounted Bearing Market Size is Anticipated to Exceed USD 2.55 Billion by 2033, Growing at a CAGR of 5.59% from 2023 to 2033.

Market Overview

A mounted bearing consists of a roller or ball bearing housed in a housing. Standard ball bearings, roller bearings, and even grooved bearings that facilitate simpler mounting can be used with these machines. They are mostly utilized in light and heavy industries, such as conveyors in food processing lines and the construction and mining sectors. Many heavy loads and radial thrust applications, such as engine and power train mounts, require these bearings. Mounted discs provide end customers with various application and service possibilities. The need for dependable and high-performance mounted bearing solutions grows as industries work to maximise maintenance costs, decrease downtime, and increase productivity. The performance and lifetime of mounted bearings are further improved by developments in sealing technologies, lubrication systems, and bearing materials. This creates new avenues for market expansion and innovation. The need for dependable and high-performance mounted bearing solutions grows as industries work to maximise maintenance costs, decrease downtime, and increase productivity. The performance and lifetime of mounted bearings are further improved by technological developments in sealing technologies, lubrication systems, and bearing materials. This creates new avenues for market expansion and innovation.

Report Coverage

This research report categorizes the market for the mounted bearing market based on various segments and regions forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the mounted bearing market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the mounted bearing market.

Driving Factors

Leading automotive-bearing companies regularly make investments in production facilities to boost automotive-bearing output and broaden their geographic reach to improve their product offering globally. The market for car-mounted orientation will likely benefit significantly from the introduction of sensor-based mounted heading in automobiles. Expanding interest in cutting-edge security features in automobiles, including the electronically monitored slowing mechanism, where sensor-mounted orientation is generally utilized, is probably going to push the car-mounted bearing industry sector around the world.

Restraining Factors

The mounted bearing market is not expanding as planned due to fierce competition from low-cost bearing manufacturers, a surge in counterfeit products, rising vehicle electrification, and unstable raw material costs.

Market Segmentation

The global mounted bearing market share is classified into product, equipment, and end user.

• The ball bearing segment is expected to hold the largest share of the mounted bearing market during the forecast period.   

Based on the product, the mounted bearing market is categorized into ball bearing, and roller bearing. Among these, the ball bearing segment is expected to hold the largest share of the mounted bearing market during the forecast period. Ball bearings are rolling-element bearings that carry loads, decrease friction, and position moving machine parts while allowing for movement. These bearings use separate two races, or bearing rings, to minimize surface contact and friction across moving planes. Additionally, the spinning motion of the balls reduces the coefficient of friction as compared to flat surfaces that rub against each other. These advantages of ball bearings include an improved sealing shield to prevent lubricant leakage and foreign particles from entering the casing, improved motor performance, and others.

• The conveyors segment is expected to grow at the fastest CAGR during the forecast period.   

Based on the equipment, the mounted bearing market is categorized into ball mill drives, fans & blowers, gearbox & transmission, conveyors, crushers, mixer drives, and others. Among these, the conveyors segment is expected to grow at the fastest CAGR during the forecast period. Conveyors are widely used in industries such as construction, manufacturing, paper, automotive, mining, and minerals. Both big or bulky materials and light materials can be moved effectively with conveyors. Multiple bearing types are needed for large conveyor applications in industries, which fuels the growth of this market segment for mounted bearings.

• The agriculture segment is expected to hold a significant share of the mounted bearing market during the forecast period.

Based on the end user, the mounted bearing market is categorized into food & beverage, agriculture, farm & fish, construction & mining, automotive, chemical & pharmaceutical, energy, general industrial & machinery, and others. Among these, the agriculture segment is expected to hold a significant share of the mounted bearing market during the forecast period. Strong supply coupled with slow demand growth over the past few years has driven down the price of most agricultural products internationally, except cereals, cattle, and sheep meat, which have seen brief increases in price. It is anticipated that agricultural productivity increases will continue to outpace food consumption. The world's expanding population will require more and more agricultural products for industrial, food, and feed needs.

Regional Segment Analysis of the Global Mounted Bearing Market

• North America (U.S., Canada, Mexico) 
• Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
• Asia-Pacific (China, Japan, India, Rest of APAC)
• South America (Brazil and the Rest of South America) 
• The Middle East and Africa (UAE, South Africa, Rest of MEA)

Asia Pacific is projected to hold the largest share of the mounted bearing market over the forecast period.

Asia Pacific is projected to hold the largest share of the mounted bearing market over the forecast period. A more conducive economic environment for companies in the steel, cement, and metal processing sectors would involve putting more emphasis on infrastructural upgrades to accommodate the expanding population. It is anticipated that major economies will devise economic strategies aimed at promoting the expansion of small and medium-sized enterprises, to reverse the downward economic trend caused by the COVID-19 epidemic. Countries like China and Japan would be the main drivers of the Asia-Pacific mounted bearing market.

Europe is expected to grow at the fastest CAGR growth of the mounted bearing market during the forecast period. The region's manufacturing industries' explosive growth. The market for automotive mounted bearings in Europe is expected to be driven by the presence of sizable original equipment manufacturers and first-tier suppliers with sizable facilities engaged in mounted bearing research and development.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the mounted bearing market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• NRB Bearings
• IPTCI Bearings
• IKO International Inc.
• Cixing Group Co. Ltd
• Bearings Ltd
• NTN Corporation
• ILJIN Co. Ltd.
• NSK Ltd
• JTEKT Corporation
• SKF
• The TIMKEN Company
• BMI Bearings
• Indiana Bearings Pvt Ltd
• PBC Linear
• ABB Motors
• Mechanical Inc
• Schaeffler AG
• Others

Key Market Developments

• In September 2022, In North America, SKF introduced a new range of spherical roller bearings. These bearings are particularly engineered to save production costs and boost uptime. Their use in slab, billet, and bloom casting operations also lessens the environmental effect of continuous casting operations.

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Market Segment

This study forecasts revenue at global, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the global mounted bearing market based on the below-mentioned segments: 

Global Mounted Bearing Market, By Product

• Ball Bearing
• Roller Bearing

Global Mounted Bearing Market, By Equipment

• Ball Mill Drives
• Fans & Blowers
• Gearbox & Transmission
• Conveyors
• Crushers
• Mixer Drives
• Others

Global Mounted Bearing Market, By End User

• Food & Beverage
• Agriculture
• Farm & Fish
• Construction & Mining
• Automotive
• Chemical & Pharmaceutical
• Energy
• General Industrial & Machinery
• Other

Global Mounted Bearing Market, By Regional

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of the Middle East & Africa