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Bearing Market Size

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Report ID: 6082
Published Date: Nov 15, 2024
Report Format: PDF, PPT

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Bearing Market Size

Bearing Market size was valued at USD 48.56 billion in 2024 and is set to exceed USD 147.11 billion by 2037, registering over 8.9% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of bearing is evaluated at USD 52.02 billion..

The bearing market growth is expected due to the growing use of high-capacity goods in wind turbines. These products are used by wind turbines to improve their efficiency and dependability, produce more energy, and use less lubricant. The total installed wind capacity reached 906 GW1 in 2022 when 77.6 GW of new wind generating capacity was added to electricity networks worldwide. This is a 9% increase from 2021.

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Bearing Market Size & Share, Growth Analysis 2037

Author Credits: Abhishek Verma

Report ID: 6082
Published Date: Nov 15, 2024
Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

In the year 2025, the industry size of bearing is evaluated at USD 52.02 billion.

The bearing market size was valued at USD 48.56 billion in 2024 and is set to exceed USD 147.11 billion by 2037, registering over 8.9% CAGR during the forecast period i.e., between 2025-2037. The market growth is due to growing use of high-capacity goods in wind turbines.

Asia Pacific industry is expected to account for largest revenue share of 40% by 2037, influenced by increasing use of automation in the production process in the region.

The major players in the market are Regal Rexnord Corporation, RHP Bearing, Schaeffler AG, SKF, The Timken Company, Danaher Corporation, Bearing Manufacturing Company, THB BEARING CO., LTD., Luoyang Huigong Bearing Technology Co., Ltd., and others.

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