Ball Bearing Market Share

APAC Market Statistics

Asia Pacific region in ball bearing market is anticipated to account for revenue share of more than 40.1% by the end of 2036 owing to rising demand for two-wheelers and rapid adoption of advanced ball bearing technology. Over the years, there has been a significant increase in the sales of two wheelers in the region. According to a survey published in Global Fleet, 90% of the global two-wheeler sales occurred in Asia in 2022. Ball bearing reduces the abrasion during the wheel rotation in two-wheelers and accelerate the speed. For instance, it has been investigated that over 89% of global two-wheeler sales occur in Asia.

China ball bearing market is expected to register highest CAGR owing to high usage of ball bearings in railways. According to China Railway Construction Corporation (CRCC), a Chinese construction company has produced the biggest bearing for a tunnel boring machine (TBM) in the entire globe.  

The ball bearing market in India is expected to expand over the forecast period due to the expanding aerospace and defense industries. For instance, in aerospace ball bearing makes significant control surfaces such as rudders and ailerons easier to move with little resistance.

The ball bearing market in Japan is expected to expand in the coming years due to the rising population and growing demand for passenger automobiles Moreover, the growth in population is encouraging infrastructure activities that is influencing adoption for machinery such as cranes and bulldozers that are mostly equipped with ball bearing.

North America Market Analysis

The ball bearing market in North America is expected to witness significant revenue growth during the forecast period owing to presence of leading ball bearing manufacturers and rapid advancements in ball bearing technology.

Rapid growth in urbanization and industrial development, in addition to increasing development of miniature ball bearings is set to influence the ball bearing market expansion in the US.  Miniature bearings are vital in precise instruments and experimental equipment. For example, they are employed in optical instruments, laser devices, medical equipment, measuring devices, and other applications to ensure precise motion control and placement. The market in Canada is growing on account of increasing investment in defense and aerospace. Air transportation has gained significant importance recently in this nation, resulting in growing demand for different types of ball bearings.