Thrust Bearings Market Landscape 2025: Forecast Data and Growth Strategy Insights

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What Is the Expected CAGR for the Thrust Bearings Market Through 2025?
The market for thrust bearings has experienced robust growth in recent years. The market valuation is expected to climb from $3.51 billion in 2024 to $3.79 billion in 2025, recording a compound annual growth rate (CAGR) of 7.9%. Factors contributing to the growth in the historic period include intensified industrialization, increased production in the automotive sector, an uptick in aerospace applications, broader use of heavy machinery, and simplified wind energy installations.

What's the Projected Size of the Global Thrust Bearings Market by 2029?
Projected to witness robust expansion in the coming years, the thrust bearings market is anticipated to reach $5.1 billion in 2029, with a compound annual growth rate (CAGR) of 7.7%. The growth during the projection period can be ascribed to the escalating demand for renewable energy, increased construction activities, expanding oil and gas exploration activities, the proliferation of e-mobility, and the development in robotics and automation. Emerging trends that are likely to impact the market during the forecast period comprise the increasing demand for environmentally-friendly materials, emphasis on energy efficiency, surge in the use of electric vehicles, the evolution of automation in the manufacturing sector and the growth of offshore energy projects.

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Top Growth Drivers in the Thrust Bearings Industry: What's Accelerating the Market?
The thrust bearings market is projected to experience significant growth, propelled by the expanding automotive sector. This sector comprises firms that specialise in creating, developing, manufacturing, and marketing motor vehicles. The automotive industry is currently in high demand due to factors such as consumer need, accessible credit, an upswing in the adoption of electric vehicles, and a preference for innovative transportation solutions from customers. Thrust bearings play a critical role in the automotive industry as they help to bear axial loads and reduce friction in crucial parts like transmissions and steering systems, thereby enhancing the durability and performance of the vehicle. Using Canada as an example, a report issued by Statistics Canada in June 2024 indicated that the total number of registered road motor vehicles increased by 0.3%, to reach 26.3 million in 2022, compared to the previous year. Consequently, the growth of the automotive sector is a driving force behind the expanding thrust bearings market.

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What Trends Will Shape the Thrust Bearings Market Through 2029 and Beyond?
Leading firms in the thrust bearings market are prioritizing the development of mounted thrust bearings to cater to the growing need for robust and efficient parts in various industrial segments. These mounted thrust bearings, which are pre-assembled and immediately ready for fitting, possess benefits like lower maintenance time, enhanced load-supporting ability, and better alignment. To illustrate, Auburn Bearing & Manufacturing, an American ball and roller thrust bearings creator and manufacturer, unveiled the MT-114RG mounted thrust bearing in March 2024. This fresh bearing solution boosts the flexibility of the current T-114RG thrust bearing series by providing more straightforward installation alternatives. The MT-114RG can be easily screwed onto an axle, making the installation process less complex and ensuring safe positioning.

What Are the Main Segments in the Thrust Bearings Market?
The thrust bearingsmarket covered in this report is segmented -

1) By Type: Ball Thrust Bearing, Single Direction, Double Direction, Cylindrical Roller Bearing, Spherical Roller Thrust Bearings, Tapered Roller Thrust Bearing
2) By Material: Stainless Steel, Ceramic
3) By Distribution Channel: Online, Offline
4) By End-User: Automotive, Power And Energy, Aerospace, Industrial, Other End Users

Subsegments:
1) By Ball Thrust Bearing: Single Row Ball Thrust Bearing, Double Row Ball Thrust Bearing
2) By Single Direction: Flat Seat Single Direction Bearing, Convex Seat Single Direction Bearing
3) By Double Direction: Flat Seat Double Direction Bearing, Convex Seat Double Direction Bearing
4) By Cylindrical Roller Bearing: Single Row Cylindrical Roller Thrust Bearing, Multi Row Cylindrical Roller Thrust Bearing
5) By Spherical Roller Thrust Bearings: Solid Spherical Roller Thrust Bearings, Split Spherical Roller Thrust Bearings
6) By Tapered Roller Thrust Bearing: Single Row Tapered Roller Thrust Bearing, Double Row Tapered Roller Thrust Bearing

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Which Top Companies are Driving Growth in the Thrust Bearings Market?
Major companies operating in the thrust bearings marker are JTEKT Corporation, SKF AB, NTN Corporation, The Timken Company, Nachi-Fujikoshi Corp., RBC Bearings Ltd., C&U Group, Waukesha Bearings Corp, American Roller Bearing Company, NSK Ltd., Kingsbury Inc., Bearings Plus Inc., Scheerer Bearing Corporation, SNL Bearings Ltd., ZKL Group, Boca Bearings Co. Ltd., Adarsh Bearings Pvt Ltd., Gem Bearings, Qibr Bearing Co. Ltd., Astro Bearings Corp

Which Regions Will Dominate the Thrust Bearings Market Through 2029?
North America was the largest region in the thrust bearings market in 2024. The regions covered in the thrust bearings marker report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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