Australia Bearings Market

Australia Bearings Market Overview:

The Australia bearings market size reached USD 1.31 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 3.56 Billion by 2033, exhibiting a growth rate (CAGR) of 10.50% during 2025-2033. The market is driven by strong demand from the manufacturing, construction, and mining industries, propelled by continuous infrastructure development and resource extraction activities. Rising investments in renewable energy, particularly wind turbines, and expansion in the automotive aftermarket are further fueling market growth. In addition to this, the growing use of technologically sophisticated, low-friction, and high-performance bearings is also a significant factor expanding the Australia bearings market share.

Australia Bearings Market Trends:

Increased Demand from the Mining and Construction Sectors

The mining and construction industries in Australia remain significant contributors to the market expansion. Australia is one of the world’s top producers of minerals like iron ore, coal, and gold, requiring continuous operation of heavy-duty machinery such as excavators, loaders, crushers, and conveyors. These machines rely heavily on bearings for smooth mechanical movement, load handling, and reduced energy losses. As mining companies expand operations in regions like Western Australia and Queensland, the demand for durable, high-load capacity bearings is rising. One such prominent development is the Hawsons Iron Project, which focuses on the new greenfield magnetite mine that is being developed near Broken Hill in New South Wales, aimed at supplying high-grade magnetite concentrate specifically engineered for low-emission steel manufacturing. The initiative involves a substantial capital outlay of around AUD 1.9 Billion and is scheduled for completion by 2025. Such large-scale ventures not only elevate demand for standard and customized bearings but also require specialized products capable of operating in remote, high-impact environments with minimal maintenance. Apart from this, the country’s construction activity, driven by government investment in transport infrastructure, housing, and renewable energy facilities, is fuelling the usage of cranes, concrete mixers, and hydraulic equipment that require both standard and customized bearings. Moreover, the harsh operating conditions in these sectors necessitate corrosion-resistant, high-temperature-tolerant, and maintenance-free bearings, which is prompting suppliers to offer advanced products with sealed and self-aligning features. The growing requirement is encouraging partnerships between OEMs and bearing manufacturers for localized supply, support, and performance optimization, which is providing a boost to the Australia bearings market growth.

Growth in the Renewable Energy and Wind Turbine Segment

Australia’s transition toward renewable energy, particularly wind power, is emerging as a significant growth catalyst for the market. Wind turbines require various types of bearings, such as main shaft, gearbox, generator, and pitch and yaw bearings, to handle high radial and axial loads, vibration, and variable speeds. The installation of large-scale onshore wind farms in New South Wales, Victoria, and South Australia is expanding the need for highly reliable, low-maintenance bearings capable of enduring harsh environmental conditions, such as dust, moisture, and temperature fluctuations. A notable example is the Gippsland Dawn Offshore Wind Project, a proposed 2.1 GW development located 10–33 kilometers off Victoria’s Bass Strait coast. The project is expected to feature up to 140 fixed-foundation turbines and four offshore substations, backed by a capital investment of approximately AUD 10 Billion and scheduled for completion by 2027. Such initiatives are reinforcing the need for advanced bearings with extended fatigue life, specialized sealing, and optimized lubrication technologies, contributing directly to market expansion across the wind energy segment in Australia. As turbine sizes increase and capacity factors improve, the technical specifications for bearings also become more stringent, thereby prompting collaboration between wind turbine OEMs and bearing manufacturers. Additionally, Australia’s strong emphasis on local manufacturing and supply chain resilience is encouraging domestic assembly and servicing facilities for turbine components, including bearings, further strengthening market development.

Australia Bearings Market Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the country and regional levels for 2025-2033. Our report has categorized the market based on product, type, and end user. 

Product Insights: 

• Anti-Friction Bearings 
• Magnetic Bearings 
• Others 

The report has provided a detailed breakup and analysis of the market based on the product. This includes anti-friction bearings, magnetic bearings, and others. 

Type Insights: 

• Ball Bearings 
• Roller Bearings 
• Plain Bearings 
• Others 

A detailed breakup and analysis of the market based on the product type have also been provided in the report. This includes ball bearings, roller bearings, plain bearings, and others. 

End User Insights: 

• Automotive Industry 
• Heavy Industry 
• ARS Industry 
• Others 

The report has provided a detailed breakup and analysis of the market based on the end user. This includes automotive industry, heavy industry, ARS industry, and others. 

Regional Insights:

• Australia Capital Territory & New South Wales 
• Victoria & Tasmania 
• Queensland 
• Northern Territory & Southern Australia 
• Western Australia 

The report has also provided a comprehensive analysis of all the major regional markets, which include Australia Capital Territory & New South Wales, Victoria & Tasmania, Queensland, Northern Territory & Southern Australia, and Western Australia. 

Competitive Landscape:

The market research report has also provided a comprehensive analysis of the competitive landscape. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.

Australia Bearings Market News:

• On August 12, 2024, Unipart Group Australia Pty acquired Schaeffler's rail bearing reconditioning business in Auburn, NSW. The factory refurbishes around 20,000 bearings and axle boxes annually, serving both the passenger and freight rail sectors in Australia. The acquisition strengthens Unipart's local maintenance, repair, and overhaul (MRO) capabilities, which align with the company's strategic goal of developing rail sector services in Australia.

Australia Bearings Market Report Coverage:

Key Questions Answered in This Report:

• How has the Australia bearings market performed so far and how will it perform in the coming years?
• What is the breakup of the Australia bearings market on the basis of product?
• What is the breakup of the Australia bearings market on the basis of type?
• What is the breakup of the Australia bearings market on the basis of end user?
• What is the breakup of the Australia bearings market on the basis of region?
• What are the various stages in the value chain of the Australia bearings market? 
• What are the key driving factors and challenges in the Australia bearings?
• What is the structure of the Australia bearings market and who are the key players?
• What is the degree of competition in the Australia bearings market? 

Key Benefits for Stakeholders:

• IMARC’s industry report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the Australia bearings market from 2019-2033.
• The research report provides the latest information on the market drivers, challenges, and opportunities in the Australia bearings market.
• Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the Australia bearings industry and its attractiveness.
• Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.