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Ball Bearing Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Market Overview:

The global ball bearing market reached a value of US$ 39.4 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 50.7 Billion by 2027, exhibiting at a CAGR of 4.3% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.

A ball bearing is a rolling element comprising two ring-like tracks with small rotating metal balls. It is durable and provides a smooth and low friction motion that supports axial and radial loads. It helps maintain an appropriate gap between the rotating parts while offering support to obtain the desired motion. Besides this, it aids in supporting weight, facilitating efficient power transmission, and ensuring proper alignment of movable components. As a result, it is extensively used in the manufacturing of high-speed and rotatory automobile parts, farm and medical equipment, and defense machinery.

Ball Bearing Market Trends

The expanding construction activities in the residential and commercial sectors on account of the rising global population and inflating income levels are catalyzing the demand for ball bearings in construction equipment. Apart from this, the growing demand for electric vehicles (EVs) due to rising environmental concerns is driving the sales of ball bearings worldwide. Additionally, the expansion of windmill farms is escalating the demand for ball bearings as they help improve the reliability, efficiency, and performance of wind turbines. Furthermore, leading manufacturers are focusing on upgrading the functional capacity of ball bearings at lower costs. They are also enhancing the features of the existing bearings, such as lowering torque, reducing weight, decreasing energy consumption, increasing temperature range, strengthening the lifecycle, and refining friction resistance, which is propelling the market growth. Apart from this, the growing awareness about the benefits of ball bearings, such as low maintenance requirement, rigidity, high frictional resistance, and longer life span, is anticipated to expand their application in various end use industries, including aerospace, transportation, and mining.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global ball bearing market report, along with forecasts for growth at the global and regional level from 2022-2027. Our report has categorized the market based on application.

Breakup by Application:

  • Automobile
  • General Engineering
  • Mining and Construction
  • Railways, Aerospace and Shipping
  • Agriculture
  • Others


The automobile sector presently accounts for the majority of the market share due to the increasing sales of electric vehicles (EVs).

Regional Insights:

  • Asia Pacific
  • Europe
  • North America
  • Middle East and Africa
  • Latin America


The Asia Pacific holds the largest market share on account of the expanding construction activities and technological innovations in the region.

Competitive Landscape:

The competitive landscape of the market has been analyzed in the report, along with the detailed profiles of the major players operating in the industry. Some of these players are

  • NTN Corporation
  • Timken
  • JTEKT
  • SKF
  • Schaeffler Group


This report provides a deep insight into the global ball bearing market covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the ball bearing industry in any manner.

Report Coverage:

Report Features Details
Base Year of the Analysis 2021
Historical Period 2016-2021
Forecast Period 2022-2027
Units US$ Billion
Segment Coverage Application, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Companies Covered NTN Corporation, Timken, JTEKT, SKF and Schaeffler Group
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

1   Preface
2   Scope and Methodology

    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3   Executive Summary
4   Introduction

    4.1    Overview
    4.2    Key Industry Trends
5   Global Ball Bearing Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Impact of COVID-19
    5.4    Market Breakup by Application
    5.5    Market Breakup by Region
    5.6    Market Forecast
    5.7   SWOT Analysis
        5.7.1    Overview
        5.7.2    Strengths
        5.7.3    Weaknesses
        5.7.4    Opportunities
        5.7.5    Threats
    5.8    Value Chain Analysis
        5.8.1    Overview
        5.8.2    Research and Development
        5.8.3    Raw Material Procurement
        5.8.4    Manufacturing
        5.8.5    Marketing
        5.8.6    Distribution
        5.8.7    End-Use
    5.9    Porters Five Forces Analysis
        5.9.1    Overview
        5.9.2    Bargaining Power of Buyers
        5.9.3    Bargaining Power of Suppliers
        5.9.4    Degree of Competition
        5.9.5    Threat of New Entrants
        5.9.6    Threat of Substitutes
6   Market Breakup by Application
    6.1    Automobile
        6.1.1 Market Trends
        6.1.2 Market Forecast
    6.2    General Engineering
        6.2.1 Market Trends
        6.2.2 Market Forecast
    6.3    Mining and Construction
        6.3.1 Market Trends
        6.3.2 Market Forecast
    6.4    Railways, Aerospace and Shipping
        6.4.1 Market Trends
        6.4.2 Market Forecast
    6.5    Agriculture
        6.5.1 Market Trends
        6.5.2 Market Forecast
    6.6    Others
        6.6.1 Market Trends
        6.6.2 Market Forecast
7   Market Breakup by Region
    7.1    Asia Pacific
        7.1.1 Market Trends
        7.1.2 Market Forecast
    7.2    Europe
        7.2.1 Market Trends
        7.2.2 Market Forecast
    7.3    North America
        7.3.1 Market Trends
        7.3.2 Market Forecast
    7.4    Middle East and Africa
        7.4.1 Market Trends
        7.4.2 Market Forecast
    7.5    Latin America
        7.5.1 Market Trends
        7.5.2 Market Forecast
8   Imports and Exports
    8.1    Imports by Major Countries
    8.2    Exports by Major Countries
9   Ball Bearing Manufacturing Process
    9.1    Product Overview
    9.2    Raw Material Requirements
    9.3    Manufacturing Process
    9.4    Key Success and Risk Factors
10  Competitive Landscape
    10.1    Market Structure
    10.2    Key Players
    10.3    Profiles of Key Players
        10.3.1    NTN Corporation
            10.3.1.1    Company Overview
            10.3.1.2    Description
            10.3.1.3    Product Portfolio
            10.3.1.4    Financials
            10.3.1.5    SWOT Analysis
        10.3.2    Timken
            10.3.2.1    Company Overview
            10.3.2.2    Description
            10.3.2.3    Product Portfolio
            10.3.2.4    Financials
            10.3.2.5    SWOT Analysis
        10.3.3    JTEKT
            10.3.3.1    Company Overview
            10.3.3.2    Description
            10.3.3.3    Product Portfolio
            10.3.3.4    Financials
            10.3.3.5    SWOT Analysis
        10.3.4    SKF
            10.3.4.1    Company Overview
            10.3.4.2    Description
            10.3.4.3    Product Portfolio
            10.3.4.4    Financials
            10.3.4.5    SWOT Analysis
        10.3.5    Schaeffler Group
            10.3.5.1    Company Overview
            10.3.5.2    Description
            10.3.5.3    Product Portfolio
            10.3.5.4    Financials
            10.3.5.5    SWOT Analysis

List of Figures

Figure 1: Global: Ball Bearing Market: Major Drivers and Challenges
Figure 2: Global: Ball Bearing Market: Sales Value (in Billion US$), 2016-2021
Figure 3: Global: Ball Bearing Market: Breakup by Application (in %), 2021
Figure 4: Global: Ball Bearing Market: Breakup by Region (in %), 2021
Figure 5: Global: Ball Bearing Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 6: Global: Ball Bearing Industry: SWOT Analysis
Figure 7: Global: Ball Bearing Industry: Value Chain Analysis
Figure 8: Global: Ball Bearing Industry: Porter’s Five Forces Analysis
Figure 9: Global: Ball Bearing (Applications in Automobile) Market: Sales Value (in Million US$), 2016 & 2021
Figure 10: Global: Ball Bearing (Applications in Automobile) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 11: Global: Ball Bearing (Applications in General Engineering) Market: Sales Value (in Million US$), 2016 & 2021
Figure 12: Global: Ball Bearing (Applications in General Engineering) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 13: Global: Ball Bearing (Applications in Mining and Construction) Market: Sales Value (in Million US$), 2016 & 2021
Figure 14: Global: Ball Bearing (Applications in Mining and Construction) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 15: Global: Ball Bearing (Applications in Railways, Aerospace and Shipping) Market: Sales Value (in Million US$), 2016 & 2021
Figure 16: Global: Ball Bearing (Applications in Railways, Aerospace and Shipping) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 17: Global: Ball Bearing (Applications in Agriculture) Market: Sales Value (in Million US$), 2016 & 2021
Figure 18: Global: Ball Bearing (Applications in Agriculture) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 19: Global: Ball Bearing (Other Applications) Market: Sales Value (in Million US$), 2016 & 2021
Figure 20: Global: Ball Bearing (Other Applications) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 21: Asia Pacific: Ball Bearing Market: Sales Value (in Million US$), 2016 & 2021
Figure 22: Asia Pacific: Ball Bearing Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 23: Europe: Ball Bearing Market: Sales Value (in Million US$), 2016 & 2021
Figure 24: Europe: Ball Bearing Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 25: North America: Ball Bearing Market: Sales Value (in Million US$), 2016 & 2021
Figure 26: North America: Ball Bearing Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 27: Middle East and Africa: Ball Bearing Market: Sales Value (in Million US$), 2016 & 2021
Figure 28: Middle East and Africa: Ball Bearing Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 29: Latin America: Ball Bearing Market: Sales Value (in Million US$), 2016 & 2021
Figure 30: Latin America: Ball Bearing Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 31: Global: Ball Bearing: Import Breakup by Country (in %)
Figure 32: Global: Ball Bearing: Export Breakup by Country (in %)
Figure 33: Ball Bearing Manufacturing: Detailed Process Flow

List of Tables

Table 1: Global: Ball Bearing Market: Key Industry Highlights, 2021 and 2027
Table 2: Global: Ball Bearing Market Forecast: Breakup by Application (in Million US$), 2022-2027
Table 3: Global: Ball Bearing Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 4: Global: Ball Bearing: Import Data by Country
Table 5: Global: Ball Bearing: Export Data by Country
Table 6: Ball Bearing Manufacturing: Raw Material Requirements
Table 7: Global: Ball Bearing Market: Competitive Structure
Table 8: Global: Ball Bearing Market: Key Players


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Key Questions Answered in This Report

The global ball bearing market reached a value of US$ 39.4 Billion in 2021.

According to the estimates by IMARC Group, the global ball bearing market is expected to exhibit a CAGR of 4.3% during 2022-2027.

Increasing demand for specialized ball bearings based on numerous industry-specific requirements, represents one of the key drivers for the global ball bearing market.

The introduction of lightweight and compact ball bearings that are integrated with advanced sensor units for several digital monitoring applications, represents one of the key trends in the global ball bearing market.

Sudden outbreak of the COVID-19 pandemic has led to the implementation of stringent lockdown regulations across various nations resulting in temporary closure of numerous end use industries for ball bearings, such as aerospace, construction, automobile, shipping, etc., thereby hampering the overall market growth.

On the basis of the application, the market has been bifurcated into automobile, general engineering, mining and construction, railways, aerospace and shipping, and agriculture sectors. Amongst these, the automobile sector currently accounts for the largest market share.

Region-wise, the market has been classified into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America, where Asia Pacific dominates the global market.

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