Major Force in the Mounted Bearing Market 2025: Electric Vehicle Surge Fuels Growth In The Mounted Bearing Market

"How Will the Mounted Bearing Market Grow, and What Is the Projected Market Size?
The market size for mounted bearings has seen robust growth in the recent past. It is expected to expand from a value of $1.54 billion in 2024 to $1.65 billion in 2025, implying a compound annual growth rate (CAGR) of 7.0%. The historical growth can be ascribed to factors such as industrialization, the growth of heavy industries, a rise in investments, burgeoning machinery loads and speeds, and an escalating demand for specialized bearings.

The market size for mounted bearings is projected to witness substantial expansion in the upcoming years, with an expected valuation of $2.14 billion by 2029, escalating at a compound annual growth rate (CAGR) of 6.6%. A surge in population, the growing prevalence of automation and robotics, an increased focus on sustainable and eco-friendly procedures, as well as the elevation of electric vehicles and manufacturing globalization, are all factors contributing to this growth in the forecast period. Forward-looking trends in this period encompass the use of sophisticated materials and coatings, intelligent and interconnected bearings, the electrification of transportation, increased automation and robotics, and the demand for tailored solutions specific to applications.

What Is Stimulating Growth in the Mounted Bearing Market?
The market for mounted bearings is anticipated to experience significant growth due to the increasing popularity of electric vehicles (EVs). EVs are vehicles that are either completely or partially powered by stored electrical energy in batteries. Their lower operational costs and positive impact on the environment are catalysing their adoption among individual consumers and businesses alike. Mounted bearings play a vital role in these vehicles, contributing significantly to motor function, drivetrain effectiveness, wheel movement, and overall performance of the vehicle. The International Energy Agency, an autonomous intergovernmental agency based in France, reported in their Global EV Outlook 2023 that sales of electric cars grew by 3.5 million in 2023 relative to 2022, which equates to a yearly growth of 35%. Consequently, this escalating demand for electric vehicles directly fuels the expansion of the mounted bearing market.

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Who Are the Major Industry Players Fueling Mounted Bearing Market Expansion?
Major companies operating in the mounted bearing market are JTEKT Corporation, SKF AB, NSK Ltd., Rexnord Corporation, Regal Beloit Corporation, The Timken Company, Wafangdian Bearing Group Corporation, Rexnord Industries LLC, Altra Industrial Motion Corp., Baldor Electric Company, Peer Bearing Company, Kaman Industrial Technologies Corporation, NRB Industrial Bearings Limited, Aurora Bearing Company, IKO International Inc., Mageba SA, Scheerer Bearing Corporation, ISB Industries, Dalton Bearing Service Inc., IPTCI Bearings, Moline Bearing Company, Hudson Bearings, FYH Bearing Units USA Inc., Cixing Group Co. Ltd

Which Key Developments Are Influencing the Mounted Bearing Market?
Major firms in the mounted bearing market are concentrating on introducing technologically superior solutions such as cutting-edge bearing systems for rocket propulsion to meet various critical industry requirements. These advanced bearing solutions play a key role in rocket propulsion, delivering reliability and efficiency by supporting high-speed rotors, handling loads, and resisting severe conditions. For example, Carter Americas, a bearing supplier from the US, introduced their advanced bearing solutions for rocket propulsion in January 2024 as a part of the Launch Canada initiative. The goal of this initiative is to back the burgeoning aerospace sector in Canada by delivering novel bearing technologies that improve the functionality and reliability of rocket systems. These newly developed bearings are meant to endure the harsh conditions of rocket launches, ensuring optimal performance and safety throughout missions. This action signifies Carter Americas' dedication to promoting aerospace engineering and aiding the expansion of pioneering technologies in the Canadian space industry.

How Is the Segmentation of the Mounted Bearing Market Defined?
The mounted bearing market covered in this report is segmented -

1) By Product Type: Ball Bearing, Roller Bearing
2) By Equipment: Ball Mill Drives, Fans And Blowers, Gearboxes And Transmissions, Conveyors, Crushers, Mixer Drives, Other Equipment
3) By Housing Block Type: Plummer Block, Flanged Block, Take-Up Block, Other Housing Block Types
4) By Sales Channel: Original Equipment Manufacturers, Aftermarket
5) By End User: Food And Beverages, Agriculture, Construction And Mining, Automotive And Transportation, Chemical And Pharmaceutical, Energy, General Industrial And Machinery, Pulp And Paper

Subsegments:
1) By Ball Bearing: Deep Groove Ball Bearings, Angular Contact Ball Bearings, Self-Aligning Ball Bearings, Thrust Ball Bearings, Miniature Ball Bearings, Hybrid Ball Bearings (With Ceramic Elements), Precision Ball Bearings, Sealed And Shielded Ball Bearings, Radial Ball Bearings, Ball Bearings For Automotive And Industrial Applications
2) By Roller Bearing: Cylindrical Roller Bearings, Tapered Roller Bearings, Spherical Roller Bearings, Needle Roller Bearings, Thrust Roller Bearings, Crossed Roller Bearings, Toroidal Roller Bearings, Precision Roller Bearings, Sealed And Shielded Roller Bearings, Roller Bearings For Heavy Machinery And Automotive Applications

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What Is the Leading Region in the Mounted Bearing Market?
North America was the largest region in the mounted bearing market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the mounted bearing market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

What Is Covered In The Mounted Bearing Global Market Report?

- Market Size Analysis: Analyze the Mounted Bearing Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Mounted Bearing Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Mounted Bearing Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Mounted Bearing Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.

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