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Cleveland, May 28, 2021/PRNewswire/ - A new analysis by the Freedonia Group predicts that global bearing demand will grow at an annual rate of 5.2% in 2025, reaching US$100 billion, from a low in 2020 Rebound. During the post-pandemic period, sales will rise rapidly, driving:

However, competition from alternative technologies (for example, fluid and magnetic bearings), and the continued shift from ICE to electric (requiring fewer bearings) motor vehicles, will limit greater benefits.

By 2025, ball bearings and roller bearings will remain top applications

In dollar terms, ball bearings and roller bearings will continue to account for the largest share of sales because they are mature technologies and are necessary for the manufacture of various products. In addition, these product types are more expensive than sliding bearings, which are also widely used all over the world and are increasingly used in applications such as aerospace equipment and wind turbine manufacturing.

Deciding which bearing to use mainly depends on the specific requirements of the application under consideration:

Freedonia Group now provides Global Bearings. This study analyzes the global bearing industry by product, market and region. Historical data (2010, 2015, 2020) and forecasts for 2025 and 2030 provide manufacturer-level bearing shipments, demand, and net exports (in U.S. dollars).

About Freedonia Group-Freedonia Group, a division of MarketResearch.com, is a leading international industrial research company that provides our customers with product analysis, market forecasts, industry trends and market share information. From single-person consulting companies to global corporate groups, our analysts provide companies with fair and reliable industry market research and analysis to help them make important business decisions. We publish more than 100 studies every year, supporting more than 90% of the industrial Fortune 500 companies. Find a ready-made study on https://www.freedoniagroup.com/ or contact us for a customized study: 1 440.842.2400.

Press contact: Corinne Gangloff 1 440.842.2400 [email protection]

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