Ball Bearing Market Size

Ball Bearing Market size was valued at USD 26.4 billion in 2023 and is expected to cross USD 50.8 billion by the end of 2036, registering more than 5.6% CAGR during the forecast period i.e., between 2024-2036. In 2024, the industry size of ball bearing is estimated at USD 27.9 Billion.

Surging demand for robotics and automation in the manufacturing industry is expected to increase the sales of ball bearings during the forecast period. Robotic applications require efficient rotational and positioning movement with the least friction, therefore large number of robotics manufacturers are employing precision components, including ball bearings. According to a study by the International Federation of Robotics, there were 553,052 industrial robot installations in factories around the world in 2022, which also indicates a 5% annual growth rate in the same year.