Press release
Key Influencer in the Mounted Bearing Market 2025: Electric Vehicle Surge Fuels Growth In The Mounted Bearing Market Driver
Mounted Bearing Market Size
The rising demand for electric vehicles is expected to propel the mounted bearing market. Electric vehicles are gaining popularity due to their environmental benefits and lower operating costs. Mounted bearings are crucial in EVs, ensuring smooth motor operation, drivetrain efficiency, and overall vehicle performance. For example, the International Energy Agency's Global EV Outlook 2023 report stated that electric car sales increased by 35% in 2023, marking a rise of 3.5 million units compared to 2022.
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What is the future CAGR of the mounted bearing market, and how will it impact industry expansion?
The mounted bearing market has expanded steadily, increasing from $1.54 billion in 2024 to $1.65 billion in 2025 at a CAGR of 7.0%. Growth has been driven by industrialization, expansion of heavy industries, rising machinery loads, increased investment in specialized bearings, and higher operational speeds.
The mounted bearing market is anticipated to reach $2.14 billion by 2029, growing at a CAGR of 6.6%. Market expansion will be supported by rising automation and robotics adoption, an increasing focus on sustainable practices, the rise of electric vehicles, and the globalization of manufacturing. Significant trends include the use of advanced materials and coatings, development of smart and connected bearings, electrification in transportation, automation, and demand for application-specific solutions.
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What are the most significant trends transforming the mounted bearing market today?
Major companies in the mounted bearing market are advancing bearing solutions for rocket propulsion to meet aerospace demands. These advanced bearings support high-speed rotors and withstand extreme conditions in rocket propulsion systems. In January 2024, Carter Americas launched innovative bearing solutions designed for rocket propulsion, aiming to enhance the performance and reliability of rocket systems in the Canadian aerospace sector.
Which key market segments comprise the mounted bearing market and drive its revenue growth?
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 regions are leading the charge 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.
Who are the leading players fueling growth in the mounted bearing market?
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, Metal Products Company, 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
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What Is Covered In The Mounted Bearing Global Market Report?
•Market Size Forecast: Examine the mounted bearing market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the mounted bearing market for a structured understanding.
•Key Players Overview: Analyze major players in the mounted bearing market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the mounted bearing market.
•Segment Contributions: Evaluate how different segments drive overall growth in the mounted bearing market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the mounted bearing market.
•Industry Challenges: Identify potential risks and obstacles affecting the mounted bearing market.
•Competitive Landscape: Review strategic developments in the mounted bearing market, including expansions, agreements, and new product launches.
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