Mounted Bearing Market 2024 | Market Size, Share Analysis, Demand And Forecast To 2033 |

Overview and Scope

A mounted bearing refers to a complete assembly consisting of a bearing housed within a mounting unit. This unit typically includes a bearing housing or pillow block, which provides support, protection, and mounting surfaces for the bearing itself. Mounted bearings are commonly used in various industrial applications where shafts, such as conveyor systems, agricultural equipment, and machinery, need support and alignment.

Sizing and Forecast

The mounted bearing market size has grown strongly in recent years. It will grow from $1.45 billion in 2023 to $1.54 billion in 2024 at a compound annual growth rate (CAGR) of 6.4%.  The  growth in the historic period can be attributed to industrialization, expansion of heavy industries, increasing investments, increasing machinery loads and speeds, and growing demand for specialized bearings.

The mounted bearing market size is expected to see strong growth in the next few years. It will grow to $2.00 billion in 2028 at a compound annual growth rate (CAGR) of 6.7%.  The growth in the forecast period can be attributed to rising population, increasing use of automation and robotics, growing emphasis on environmentally friendly and sustainable practices, and rise of electric vehicles and globalization of manufacturing . Major trends in the forecast period include advanced materials and coatings, smart and connected bearings, electrification of transportation, automation and robotics and demand for application-specific solutions.

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Segmentation & Regional Insights

The mounted bearing market covered in this report is segmented –

1) By Product Type: Ball Bearing, Roller Bearing

2) By Equipment: Ball Mill Drives, Fans And Blowers , Gearboxes And Transmissions, Conveyors , Crushers , Mixer Drives , Other Equipment

3) By Housing Block Type: Plummer Block, Flanged Block, Take-Up Block, Other Housing Block Types

4) By Sales Channel: Original Equipment Manufacturers, Aftermarket

5) By End User: Food And Beverages, Agriculture, Construction And Mining, Automotive And Transportation, Chemical And Pharmaceutical, Energy, General Industrial And Machinery, Pulp And Paper

North America was the largest region in the mounted bearing market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the mounted bearing market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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Major Driver Impacting Market Growth

The rising demand for electric vehicles is expected to propel the growth of the mounted bearing market going forward. Electric vehicles (EVs) refer to automobiles powered partially or entirely by electricity stored in batteries. The adoption of electric vehicles is driven by their environmental benefits and lower operating costs, making them a compelling choice for consumers and businesses. Mounted bearings are essential in electric vehicles, supporting critical functions such as motor operation, drivetrain efficiency, wheel rotation, and overall vehicle performance. For instance, in April 2024, according to the Global EV Outlook 2023 report published by the International Energy Agency, a France-based autonomous intergovernmental organization, electric car sales rose by 3.5 million in 2023 compared to 2022, marking a 35% increase year-on-year. Therefore, the rising demand for electric vehicles is driving the growth of the mounted bearing market.

Key Industry Players

Major companies operating in the mounted bearing market are  JTEKT Corporation, SKF AB , NSK Ltd. , Rexnord Corporation, Regal Beloit Corporation, The Timken Company, Wafangdian Bearing Group Corporation, Rexnord Industries LLC, Altra Industrial Motion Corp., Baldor Electric Company, Peer Bearing Company, Kaman Industrial Technologies Corporation, NRB Industrial Bearings Limited, Aurora Bearing Company, IKO International Inc., Mageba SA, Climax Metal Products Company, Scheerer Bearing Corporation, ISB Industries, Dalton Bearing Service Inc., IPTCI Bearings, Moline Bearing Company, Hudson Bearings, FYH Bearing Units USA Inc., Cixing Group Co. Ltd

The mounted bearing market report table of contents includes:

1. Executive Summary

2. Mounted Bearing Market Characteristics

3. Mounted Bearing Market Trends And Strategies

4. Mounted Bearing Market - Macro Economic Scenario

5. Global Mounted Bearing Market Size and Growth

...

32. Global Mounted Bearing Market Competitive Benchmarking

33. Global Mounted Bearing Market Competitive Dashboard

34. Key Mergers And Acquisitions In The Mounted Bearing Market

35. Mounted Bearing Market Future Outlook and Potential Analysis

36. Appendix

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