Japan Bearings Market

Japan Bearings Market Overview:

The Japan bearings market size reached USD 2.76 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 6.85 Billion by 2033, exhibiting a growth rate (CAGR) of 9.50% during 2025-2033. The rising renewable energy and electric vehicle (EV) production is bolstering the growth of the market. The renewable energy sector, especially wind and solar power, requires specialized bearings for turbines and tracking systems, ensuring durability and efficiency in extreme conditions. Additionally, the shift toward EVs and hybrid vehicles demands lightweight, durable bearings to handle higher loads, reduce friction, and optimize performance. These trends are also contributing to an increase in the Japan bearings market share as demand rises across sectors.

Japan Bearings Market Trends:

Increase in Manufacturing of Renewable Energy Systems

The growing focus on renewable energy is driving the need for bearings in Japan, especially in the wind and solar energy industries. Bearings are essential in turbines and energy systems, providing support for rotating components like blades, shafts, and generators. In the wind energy sector, top-notch bearings are crucial for ensuring the seamless functioning of turbines in extreme environments, including severe temperatures and powerful winds. While Japan aims to raise the proportion of renewables in its energy composition, significant funding is being allocated to both offshore and onshore wind initiatives, presenting new opportunities for bearing manufacturers to create tailored solutions. Moreover, with the growth of the solar energy industry, the demand for robust bearings in tracking mechanisms and inverters is increasing as well. A notable instance of this trend took place in December 2024, when NSK introduced highly reliable spherical roller bearings for the main shafts of wind turbines. These new bearings lowered raceway wear by more than 90% in comparison to standard models, featuring advanced Super-TF material, a high-hardness DLC coating, and an enhanced capacity ECA cage. This advancement sought to improve longevity, minimize upkeep, and guarantee reliable turbine performance. As the focus on sustainability and the transition to cleaner energy sources accelerates, the need for durable, high-performance bearing components is increasing.

Rising Demand for Electric and Hybrid Vehicles

The movement towards electric and hybrid vehicles is a major factor supporting the Japan bearings market growth. With Japan's automotive sector moving towards sustainability and electrification, the need for specialized bearings is growing significantly. EVs and hybrid vehicles need bearings designed to manage greater loads, enhanced torque, and function effectively at elevated speeds. In contrast to conventional internal combustion engine (ICE) vehicles, EVs face distinct challenges, such as the requirement for lightweight and compact parts that can withstand the particular demands of electric drivetrains, battery units, and electric motors. Bearings utilized in these systems should provide minimal friction to enhance battery longevity and range while ensuring durability and dependability. Japan's leadership in automotive innovation and its swift shift to EV production are leading to a growing need for advanced bearing technologies. A prime illustration of this advancement occurred in 2024, when NSK introduced its 7th generation low-friction tapered roller bearings, which decreased friction by an average of 20% at all rotation speeds. These bearings, created specifically for ICE, hybrid electric vehicles (HEV), plug-in hybrid electric vehicles (PHEV), and EVs, improve efficiency in fuel and electricity. With rising user interest in hybrid models and ongoing government efforts to encourage EV adoption, the need for high-performance bearings is crucial to Japan's electrified automotive sector's continued development and success.

Japan 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

A detailed breakup and analysis of the market based on the product have also been provided in the report. This includes anti-friction bearings, magnetic bearings, and others.

Type Insights:

• Ball Bearings
• Roller Bearings
• Plain Bearings
• Others

The report has provided a detailed breakup and analysis of the market based on the type. This includes ball bearings, roller bearings, plain bearings, and others.

End User Insights:

• Automotive Industry
• Heavy Industry
• ARS Industry
• Others

A detailed breakup and analysis of the market based on the end user have also been provided in the report. This includes automotive industry, heavy industry, ARS industry, and others.

Regional Insights:

• Kanto Region
• Kansai/Kinki Region
• Central/ Chubu Region
• Kyushu-Okinawa Region
• Tohoku Region
• Chugoku Region
• Hokkaido Region
• Shikoku Region

The report has also provided a comprehensive analysis of all the major regional markets, which include Kanto Region, Kansai/Kinki Region, Central/ Chubu Region, Kyushu-Okinawa Region, Tohoku Region, Chugoku Region, Hokkaido Region, and Shikoku Region.

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.

 Japan Bearings Market News:

• In January 2025, MinebeaMitsumi announced that its newly designed miniature ball bearing was adopted for ŌTSUKA LŌTEC’s "No.5 KAI," Japan’s first mechanical watch with a satellite hour mechanism. The watch uses the world’s smallest ball bearing and a new 2.5 mm bearing for precise disk movement. This innovation highlights MinebeaMitsumi’s ultra-precision technology in watchmaking.
• In February 2024, NTN Corporation announced the full-scale operation of its new Wakayama Works plant in Hashimoto City, focused on EV and aftermarket bearings. The smart factory, named “NTN STAR WORKS WAKAYAMA,” emphasized automation, CO₂-free energy, and high productivity. It aimed to support environmental goals and boost local economic development.

Japan Bearings Market Report Coverage:

Key Questions Answered in This Report:

• How has the Japan bearings market performed so far and how will it perform in the coming years?
• What is the breakup of the Japan bearings market on the basis of product?
• What is the breakup of the Japan bearings market on the basis of type?
• What is the breakup of the Japan bearings market on the basis of end user?
• What is the breakup of the Japan bearings market on the basis of region?
• What are the various stages in the value chain of the Japan bearings market? 
• What are the key driving factors and challenges in the Japan bearings?
• What is the structure of the Japan bearings market and who are the key players?
• What is the degree of competition in the Japan 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 Japan bearings market from 2019-2033.
• The research report provides the latest information on the market drivers, challenges, and opportunities in the Japan 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 Japan 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.