Global Ball and Roller Bearings Market Expected to Expand with CAGR of +1.6% through 2035 - News and Statistics - IndexBox

Mar 27, 2025

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IndexBox has just published a new report: World - Ball and Roller Bearings - Market Analysis, Forecast, Size, Trends And Insights.

The article highlights the increasing demand for ball and roller bearings worldwide, leading to an upward consumption trend. Forecasted data suggests a +1.6% CAGR for market volume and a +1.8% CAGR for market value from 2024 to 2035. This growth is expected to result in a market volume of 4.6M tons and a market value of $66.1B by the end of 2035.

Driven by increasing demand for ball and roller bearings worldwide, the market is expected to continue an upward consumption trend over the next decade. Market performance is forecast to accelerate, expanding with an anticipated CAGR of +1.6% for the period from 2024 to 2035, which is projected to bring the market volume to 4.6M tons by the end of 2035.

In value terms, the market is forecast to increase with an anticipated CAGR of +1.8% for the period from 2024 to 2035, which is projected to bring the market value to $66.1B (in nominal wholesale prices) by the end of 2035.

In 2024, global consumption of ball and roller bearings totaled 3.9M tons, approximately reflecting the previous year. In general, consumption showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of 9.7%. Global consumption peaked at 4.2M tons in 2018; however, from 2019 to 2024, consumption stood at a somewhat lower figure.

The global bearing market size amounted to $54.1B in 2024, stabilizing at the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption, however, saw a relatively flat trend pattern. Over the period under review, the global market hit record highs at $65.7B in 2018; however, from 2019 to 2024, consumption stood at a somewhat lower figure.

China (1.1M tons) constituted the country with the largest volume of bearing consumption, comprising approx. 29% of total volume. Moreover, bearing consumption in China exceeded the figures recorded by the second-largest consumer, Japan (545K tons), twofold. Indonesia (191K tons) ranked third in terms of total consumption with a 4.9% share.

In China, bearing consumption increased at an average annual rate of +1.8% over the period from 2013-2024. In the other countries, the average annual rates were as follows: Japan (+1.3% per year) and Indonesia (+2.7% per year).

In value terms, China ($15.4B), Japan ($9.3B) and Indonesia ($2.6B) were the countries with the highest levels of market value in 2024, with a combined 50% share of the global market. Mexico, Italy, Brazil, the United States, Turkey, Germany and South Korea lagged somewhat behind, together comprising a further 17%.

South Korea, with a CAGR of +3.1%, saw the highest rates of growth with regard to market size in terms of the main consuming countries over the period under review, while market for the other global leaders experienced more modest paces of growth.

In 2024, the highest levels of bearing per capita consumption was registered in Japan (4.4 kg per person), followed by South Korea (2 kg per person), Italy (1.7 kg per person) and Germany (1.3 kg per person), while the world average per capita consumption of bearing was estimated at 0.5 kg per person.

From 2013 to 2024, the average annual rate of growth in terms of the bearing per capita consumption in Japan stood at +1.6%. The remaining consuming countries recorded the following average annual rates of per capita consumption growth: South Korea (+1.8% per year) and Italy (+2.7% per year).

In 2024, the amount of ball and roller bearings produced worldwide skyrocketed to 7.2M tons, jumping by 50% on the previous year's figure. Overall, the total production indicated resilient growth from 2013 to 2024: its volume increased at an average annual rate of +7.6% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2024 figures, production increased by +90.1% against 2020 indices. As a result, production reached the peak volume and is likely to continue growth in the immediate term.

In value terms, bearing production reached $64B in 2024 estimated in export price. In general, production continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of 10%. Over the period under review, global production attained the maximum level at $65.5B in 2022; however, from 2023 to 2024, production remained at a lower figure.

The countries with the highest volumes of production in 2024 were Thailand (3.2M tons), China (1.8M tons) and Japan (681K tons), together accounting for 79% of global production.

From 2013 to 2024, the most notable rate of growth in terms of production, amongst the key producing countries, was attained by Thailand (with a CAGR of +46.5%), while production for the other global leaders experienced more modest paces of growth.

Global bearing imports shrank to 1.5M tons in 2024, falling by -14.9% compared with 2023 figures. Overall, imports showed a mild shrinkage. The pace of growth was the most pronounced in 2021 with an increase of 24%. As a result, imports reached the peak of 2M tons. From 2022 to 2024, the growth of global imports failed to regain momentum.

In value terms, bearing imports dropped to $25.2B in 2024. Over the period under review, imports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 when imports increased by 23% against the previous year. Global imports peaked at $29.9B in 2022; however, from 2023 to 2024, imports remained at a lower figure.

The countries with the highest levels of bearing imports in 2024 were Germany (147K tons), the United States (139K tons), Mexico (109K tons), China (105K tons), Brazil (76K tons), Russia (59K tons), Italy (54K tons), South Korea (45K tons) and France (43K tons), together recording 52% of total import. The Netherlands (39K tons) followed a long way behind the leaders.

From 2013 to 2024, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Mexico (with a CAGR of +5.3%), while imports for the other global leaders experienced more modest paces of growth.

In value terms, the largest bearing importing markets worldwide were China ($2.8B), the United States ($2.6B) and Germany ($2.3B), with a combined 31% share of global imports. Mexico, France, Brazil, Italy, South Korea, the Netherlands and Russia lagged somewhat behind, together comprising a further 21%.

In terms of the main importing countries, Mexico, with a CAGR of +3.9%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

The average bearing import price stood at $16,922 per ton in 2024, growing by 2.1% against the previous year. Over the last eleven years, it increased at an average annual rate of +1.1%. The pace of growth was the most pronounced in 2023 when the average import price increased by 8.1% against the previous year. Over the period under review, average import prices hit record highs in 2024 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was China ($26,849 per ton), while Russia ($8,593 per ton) was amongst the lowest.

From 2013 to 2024, the most notable rate of growth in terms of prices was attained by the United States (+2.5%), while the other global leaders experienced more modest paces of growth.

Global bearing exports surged to 4.8M tons in 2024, jumping by 78% compared with 2023 figures. In general, exports recorded buoyant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, bearing exports fell to $24.2B in 2024. Over the period under review, exports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of 23%. The global exports peaked at $28.7B in 2022; however, from 2023 to 2024, the exports stood at a somewhat lower figure.

In 2024, Thailand (3.1M tons) was the main exporter of ball and roller bearings, mixing up 65% of total exports. It was distantly followed by China (806K tons), creating a 17% share of total exports. Japan (165K tons) and Germany (113K tons) held a relatively small share of total exports.

Thailand was also the fastest-growing in terms of the ball and roller bearings exports, with a CAGR of +67.0% from 2013 to 2024. At the same time, China (+17.3%) displayed positive paces of growth. Japan experienced a relatively flat trend pattern. By contrast, Germany (-3.8%) illustrated a downward trend over the same period. From 2013 to 2024, the share of Thailand and China increased by +64 and +6.6 percentage points, respectively.

In value terms, the largest bearing supplying countries worldwide were China ($5B), Germany ($3.3B) and Japan ($2.6B), with a combined 45% share of global exports. Thailand lagged somewhat behind, comprising a further 2.6%.

In terms of the main exporting countries, Thailand, with a CAGR of +7.9%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other global leaders experienced mixed trends in the exports figures.

In 2024, the average bearing export price amounted to $5,065 per ton, falling by -52.3% against the previous year. Over the period under review, the export price showed a abrupt curtailment. The most prominent rate of growth was recorded in 2020 when the average export price increased by 10% against the previous year. Over the period under review, the average export prices attained the peak figure at $19,027 per ton in 2013; however, from 2014 to 2024, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Germany ($29,046 per ton), while Thailand ($202 per ton) was amongst the lowest.

From 2013 to 2024, the most notable rate of growth in terms of prices was attained by Germany (+1.6%), while the other global leaders experienced a decline in the export price figures.

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the global bearing market. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Worldwide - the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries:

+ the largest producing countries

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

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