Driving Needle Roller Bearings Market Growth in 2025: The Role of Surge In Electric Vehicles Is Fueling Growth In The Needle Roller Bearings Market

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Needle Roller Bearings Market Size Growth Forecast: What to Expect by 2025?_x000D_
The market of needle roller bearings has experienced significant expansion lately. Predictions indicate that it will continue to bloom from $4.93 billion in 2024 to $5.27 billion in 2025, with a compound annual growth rate (CAGR) of 7.0%. The historical growth can be traced back to factors such as the rising need for precision-engineering, the stretching boundaries of the renewable energy sector, the amplified demand in the automobile sector, growth of investment projects in the mining arena, infrastructural advancements, and an upsurge in offshore wind farms._x000D_
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How Will the Needle Roller Bearings Market Size Evolve and Grow by 2029?_x000D_
Anticipated robust growth is on the horizon for the needle roller bearings market in the coming years, with projections of it amassing a value of $6.81 billion by 2029 with a compound annual growth rate (CAGR) of 6.6%. This forthcoming growth in the forecast period is largely due to factors such as the escalating interest in electric vehicles, augmented usage in medical devices, the burgeoning aerospace industry, the enlargement of the industrial machinery sector, and the rise of industrial automation. Further trends projected for the forecast period include advancements in bearing production technology, breakthroughs in high-performance bearings, advancements in materials and lubricants for bearings, innovation in production techniques, advancements in optimizing geometry components, and novel product innovations._x000D_
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What Drivers Are Propelling the Growth of Needle Roller Bearings Market Forward?_x000D_
The surge in demand for electric vehicles is predicted to spur the expansion of the needle roller bearings market. Electric vehicles, powered by electric motors that use energy from rechargeable batteries instead of conventional internal combustion engines, provide environmentally friendly transportation by generating no emissions when in use. The attractiveness of electric vehicles lies in their sustainable transportation, energy effectiveness, decreased operating expenses, diminished noise pollution, and smart charging options. In electric vehicles, needle roller bearings serve to decrease friction, carry heavy loads, and improve the efficiency and compactness of electric motors, gearboxes, and other critical parts. Their application aids in the optimization of the vehicle's performance, lifespan, and energy usage, which are vital factors in prolonging battery life and distance. As an example, a report from the U.S. Energy Information Administration (EIA), a US federal agency offering independent, extensive data, analysis, and energy forecasts in the United States, stated in January 2024 that combined sales of hybrid cars, plug-in hybrid electric vehicles (PHEVs), and battery electric vehicles (BEVs) accounted for 16.3% of all new light-duty vehicle (LDV) sales in the United States in 2023, climbing from 12.9% in 2022. Therefore, the growing appeal of electric vehicles is propelling the needle roller bearings market forward._x000D_
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Which Emerging Trends Are Transforming the Needle Roller Bearings Market in 2025?_x000D_
Leading businesses in the needle roller bearings market are concentrating their efforts on creating needle roller bearing units to boost performance, decrease friction, enhance load-bearing capacity, and deliver durable solutions to a variety of applications such as automotive, aerospace, and industrial machinery. Needle roller bearing units refer to pre-assembled, space-efficient, high load-bearing entities that comprise needle roller bearings and related components. These units are tailored to suit the stringent conditions of coaxial e-axles which need higher compactness and speed, thus contributing to fuel efficiency augmentation and energy cost reduction. For instance, in June 2023, NTN Corporation, based in Japan, introduced a Needle Roller Bearing Unit for e-axle Planetary Reduction Gear, used in electric vehicles and hybrid electric vehicles. This unit boasts improvements that heighten its resistance to surface damage from contamination, achieving approximately 30% extended peeling life through optimized shaft heat treatment. Specifically, it's designed for coaxial e-Axle setups, which merge the motor, inverter, and reduction gear into a more compact structure._x000D_
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What Are the Key Segments in the Needle Roller Bearings Market?_x000D_
The needle roller bearingsmarket covered in this report is segmented - _x000D_
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1) By Type: Window Type, Stamped Type, Ribbed Type_x000D_
2) By Material: Steel, Stainless Steel, Ceramic, Plastic_x000D_
3) By Precision: Standard, High Precision, Ultra-High Precision_x000D_
4) By Size: Miniature, Small, Medium, Large, Extra Large_x000D_
5) By Application: Automotive, Industrial, Aerospace, Medical_x000D_
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Subsegments:_x000D_
1) By Window Type: Caged Needle Roller Bearings, Full Complement Needle Roller Bearings_x000D_
2) By Stamped Type: Light-Duty Stamped Needle Roller Bearings, Heavy-Duty Stamped Needle Roller Bearings_x000D_
3) By Ribbed Type: Single Ribbed Needle Roller Bearings, Double Ribbed Needle Roller Bearings_x000D_
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Who Are the Key Players Shaping the Needle Roller Bearings Market's Competitive Landscape?_x000D_
Major companies operating in the needle roller bearings marker are Hartford Technologies Inc., Schaeffler Group, JTEKT Corporation, SKF AB, NSK Ltd., NTN Corporation, Regal Rexnord Corporation, The Timken Company, RBC Bearings Incorporated, C&U Group, NBC Bearings Ltd., Tsubaki Nakashima Co. Ltd., Nippon Thompson Co. Ltd., GlobalSpec LLC, WJB Group LLC, Bearingboys Ltd., SNL Bearings Limited, KG Bearing India LLP, Midland Bearings Ltd., Jota Bearing Co. Ltd. _x000D_
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What Geographic Markets Are Powering Growth in the Needle Roller Bearings Market?_x000D_
Asia-Pacific was the largest region in the needle roller bearings market in 2024. The regions covered in the needle roller bearings marker report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa._x000D_
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