Global Mounted Bearing Market Projected to Grow at 5.9% CAGR, Reaching $2.04 Billion by 2029

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What Will the Mounted Bearing Industry Market Size Be by 2025?
The scale of the mounted bearing market has significantly increased in the past years. The market's projected growth will evolve from $1.54 billion in 2024 to $1.62 billion in 2025, with a compounded annual growth rate (CAGR) of 5.1%. The development in the historic period is linked to factors such as industrialization, expansion of heavy industries, increased investments, enhanced machinery loads and speeds, and a rising demand for specialized bearings.

What's the Long-Term Growth Forecast for the Mounted Bearing Market Size Through 2029?
The size of the mounted bearing market is projected to witness substantial expansion in the coming years, reaching $2.04 billion by 2029 with a Compound Annual Growth Rate (CAGR) of 5.9%. Factors contributing to this growth during the forecast period include population increase, the growing use of automation and robotics, a heightened focus on eco-friendly and sustainable practices, the emergence of electric vehicles, and the globalization of manufacturing. The forecast period will also see notable trends such as advanced materials and coatings, smart and interconnected bearings, transport electrification, increased automation and robotics, and a rising demand for application-specific solutions.

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What Are the Key Growth Drivers Fueling the Mounted Bearing Market Expansion?
The burgeoning interest in electric vehicles is anticipated to fuel the expansion of the mounted bearing market in the future. Electric vehicles (EVs) are vehicles either partially or wholly powered by electrically charged batteries. They are increasingly adopted due to their environmental advantages and cost-effective operation, making them an attractive option for individuals and corporations. Mounted bearings, which play a vital role in electric vehicles, assist in crucial functions like motor functioning, drivetrain effectiveness, wheel revolving, and overall vehicle efficacy. For example, in April 2024, the Global EV Outlook 2023 report released by the France-based International Energy Agency, an independent intergovernmental entity, highlighted an increase of 3.5 million electric car sales in 2023 than in 2022, witnessing a 35% annual growth. Consequently, the escalating demand for electric vehicles is stimulating the expansion of the mounted bearing market.

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What Are the Key Trends Driving Mounted Bearing Market Growth?
Leading businesses in the mounted bearing market are concentrating their efforts on the invention of technologically superior solutions, for example, advanced solutions for rocket propulsion, in order to meet a range of pressing industry needs. Such advanced solutions for rocket propulsion are necessary as they provide dependable performance by assisting high-speed rotors, handling loads, and enduring severe conditions. For example, Carter Americas, a bearing supplier based in the United States, introduced its sophisticated bearing technology for rocket propulsion in January 2024 as a component of the Launch Canada effort. The goal of this initiative is to back the burgeoning aerospace industry in Canada by offering avant-garde bearing technologies that boost the dependability and performance of rocket systems. The latest bearings can resist the harsh conditions linked to rocket launch, guaranteeing utmost functionality and safety during missions. This action demonstrates Carter Americas' dedication to enhancing aerospace engineering and endorsing the generation of revolutionary technologies in the Canadian space sector.

How Is the Mounted Bearing Market Segmented?
The mounted bearingmarket 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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Which Companies Are Leading the Charge in Mounted Bearing Market Innovation?
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

Which Regions Are Leading the Global Mounted Bearing Market in Revenue?
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.

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