Ball Bearings Market to Grow at a CAGR of 7.5% During the Forecast Period; Rapid Adoption of Automation in Production Techniques to Augment Market Expansion

The global ball bearings market size was valued at USD 6.84 billion in 2024. The market is projected to grow from USD 7.26 billion in 2025 to USD 12.15 billion by 2032, exhibiting a CAGR of 7.6% during the forecast period.

Fortune Business Insights™ presents this information in its report titled, “Ball Bearings Market Size, Share & Industry Analysis, By Type (Self-Aligning Ball Bearings, Deep Groove Ball Bearings, Angular Contact Ball Bearings, and Others), By Application (Automotive, Industrial Machinery, Mining & Construction, Medical, and Others), and Regional Forecast, 2024 – 2032”.  

A ball bearing is an automatic part highly preferred to decrease friction between rotating parts. These bearings are crucial in allowing smooth and effective rotation in machinery, in that way improving performance, decreasing downtime, and increasing equipment lifespan. The rapid adoption of automation in production techniques is boosting the sales of high-performance ball bearings to ensure smooth and accurate motion control in machinery and robotics.

The COVID-19 pandemic had an adverse effect on the global market. Interruptions in production amid the pandemic restrained market expansion.

Rise in Introduction of Modern Technologies by Top Players to Boost Market Growth

In April 2023, NTN Corporation revealed a modern technology that employs numerous AI techniques to forecast the remaining worthwhile life of bearings accurately. NTN allows the development of well-organized maintenance tactics for machinery and equipment by perfectly estimating the remaining useful life post-flaking, a common reason for bearing failure. It leads to improved productivity and cost reduction.

Rising Adoption of Specialized Ball Bearings to Propel Market Growth

Several industries highly prefer custom-made methods to solve particular operational challenges and enhance performance. This is driving the demand for specialized ball bearings. Diverse sectors have exclusive operational necessities that standard bearings might not sufficiently address. Specialized ball bearings are considered to fulfil the specific needs of aerospace, automotive, medical, and renewable energy sectors. These specific bearings are made to boost performance in difficult scenarios or applications where standard bearings may not be adequate. This comprises aspects, including high speeds, severe temperatures, harsh environments, or heavy loads.

Some sectors are looking for customized bearings as per their exact needs to accelerate efficiency, reliability, and longevity. Custom-designed bearings can improve equipment performance, decrease downtime, and enhance overall productivity. Rapid innovations in material science and engineering boost the development of specialized bearings with greater characteristics. Increased demand for personalized solutions as industries emphasize efficiency and reliability is propelling the ball bearings market growth.

On the other hand, the spread of counterfeit products is restraining market expansion.

Prominent Companies Focus on Technological Advancements to Remain at the Forefront in the Market

Top ball bearing producers are continuously focusing on technological advancements to remain at the forefront in the competitive market.

Notable Industry Development:

• October 2023: NTN Corporation accomplished a breakthrough by creating "Hydrodynamic BEARPHITE," the tiniest hydrodynamic bearing with an inner diameter of 0.6 mm. This advanced product is aldvancedt the forefront ofy is propelling market expasnoonl set to improve the noiselessness and lengthen the operating life of micro-fan motors in high-performance smartphones and wearable devices, supporting the emerging landscape of the 5th Generation Mobile Communication System (5G).

To get a detailed report summary and research scope of this market, click here:

https://www.fortunebusinessinsights.com/industry-reports/ball-bearing-market-101250

List of the Companies Profiled in the Report:

• NSK Ltd. (Japan)
• Nachi Fujikoshi Corp (Japan)
• Myonic GmbH (Germany)
• LYC Bearing Corporation (China)
• Luoyang Huigong Bearing Technology Co. Ltd. (China)
• ISB Industries (Italy)
• NTN Bearing Corporation (U.S.)
• SKF (Sweden)
• The Timken Company (U.S.)
• TBH Bearings (China)
• Alchemy Immersive (U.S.)

Further Report Findings-

• The market in Asia Pacific was valued at USD 2.87 billion in 2023. An increase in industrialization, urbanization, and infrastructure development in China, Japan, and India is driving market expansion in the region.
• North America accounts for the significant ball bearings market share. The existence of top industries and technological innovations in robotics, automation, and aerospace industries are boosting market growth in the region.
• By type, the deep groove ball bearings segment takes the lead in the market due to its rapid adoption in several sectors.
• On the basis of application, the automotive segment holds the highest market share. The growing usage of ball bearings in numerous automotive components is boosting segment expansion.

Table of Segmentation