Needle Roller Bearings Market Landscape to 2034: Key Forces Shaping the Next Decade of Growth

Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.

How Large Will the Needle Roller Bearings Market Size By 2025?
The market for needle roller bearings has seen significant expansion in recent years. The market's value, which is projected to be $4.93 billion in 2024, is expected to increase to $5.19 billion by 2025, with a compound annual growth rate (CAGR) of 5.4%. Factors contributing to growth over the historical period include enhanced demand for precision engineering, the burgeoning renewable energy sector, increased requirements in the automotive sector, escalating investment projects in the field of mining, development in infrastructure, and the multiplication of offshore wind farms.

How Big Is the Needle Roller Bearings Market Size Expected to Grow by 2029?
The market for needle roller bearings is projected to witness impressive growth in the upcoming years, reaching a worth of $6.59 billion by 2029 with a Compound Annual Growth Rate (CAGR) of 6.2%. The predicted growth during the forecast period can be credited to the increasing acceptance of electric vehicles, heightened usage in medical devices, growth of the aerospace industry, broadening of the industrial machinery sector, and progress in industrial automation. The key trends anticipated during the forecast period involve technological progress in the production of bearings, new developments in high-performance bearings, enhancements in bearing materials and lubricants, innovative manufacturing methods, advancements in geometry components optimization, and breakthroughs in product innovation.

View the full report here:
https://www.thebusinessresearchcompany.com/report/needle-roller-bearings-global-market-report

Which Key Market Drivers Powering Needle Roller Bearings Market Expansion and Growth?
The surge in interest for electric vehicles is anticipated to drive the needle roller bearings market's expansion in the future. Electric vehicles, powered by rechargeable battery-supplied electric motors rather than conventional internal combustion engines, serve as an environmentally friendly travel method with zero operational emissions. Factors attributing to the fame of electric vehicles include sustainable transportation, energy efficiency, reduced operational expenses, minimized noise pollution, and innovative charging solutions. Needle roller bearings play an essential role in electric vehicles by reducing friction, bearing high loads, and improving the efficiency and compactness of electric motors, transmissions, and other key parts. Their application aids in maximizing vehicle performance, endurance, and energy usage, which are crucial for prolonging battery lifespan and range. For instance, a report by the U.S. Energy Information Administration (EIA) in January 2024 revealed that the combined sales of hybrid vehicles, plug-in hybrid electric vehicles (PHEVs), and battery electric vehicles (BEVs) made up 16.3% of all new light-duty vehicle (LDV) sales in the USA in 2023, an increase from 12.9% in 2022. Consequently, the growing demand for electric vehicles is fueling the needle roller bearings market.

Get your free sample here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=19122&type=smp

Which Emerging Trends Are Transforming the Needle Roller Bearings Market in 2025?
Implementation of innovative needle roller bearings catered towards optimization of performance, longevity and load-bearing capacity is the primary aim of leading businesses in the needle roller bearings sector. These units play a pivotal role in industrial machinery, aerospace, and the automotive industry. The needle roller bearing units, are essentially pre-fabricated products that incorporate needle roller bearings and related equipment. These units are purposefully engineered to deliver heightened carrying capacity while being spatially efficient. Increasing demand for these units is owing to their efficiency on coaxial e-axles, providing a boost to energy cost savings, equipment compactness, and fuel economy. To exemplify, in June 2023, the Japan-centric organization, NTN Corporation, introduced a Needle Roller Bearing Unit, specifically designed for e-axle Planetary Reduction Gear. This technology has applications in hybrid electric and electric vehicles. The unit boasts innovative elements that escalate its resistance against contamination-induced surface damages, which extends the peeling life by an impressive 30%, courtesy of the enhanced shaft heat treatment process. It is notably manufactured for coaxial e-Axle setups, assembling the reduction gear, motor and inverter in a significantly condensed structure.

What Are the Emerging Segments in the Needle Roller Bearings Market?
The needle roller bearingsmarket covered in this report is segmented -

1) By Type: Window Type, Stamped Type, Ribbed Type
2) By Material: Steel, Stainless Steel, Ceramic, Plastic
3) By Precision: Standard, High Precision, Ultra-High Precision
4) By Size: Miniature, Small, Medium, Large, Extra Large
5) By Application: Automotive, Industrial, Aerospace, Medical

Subsegments:
1) By Window Type: Caged Needle Roller Bearings, Full Complement Needle Roller Bearings
2) By Stamped Type: Light-Duty Stamped Needle Roller Bearings, Heavy-Duty Stamped Needle Roller Bearings
3) By Ribbed Type: Single Ribbed Needle Roller Bearings, Double Ribbed Needle Roller Bearings

Tailor your insights and customize the full report here:
https://www.thebusinessresearchcompany.com/customise?id=19122&type=smp

Who Are the Global Leaders in the Needle Roller Bearings Market?
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.

Which are the Top Profitable Regional Markets for the Needle Roller Bearings Industry?
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.

Purchase the full report today:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=19122

This Report Supports:
1.Business Leaders & Investors - To identify growth opportunities, assess risks, and guide strategic decisions.
2.Manufacturers & Suppliers - To understand market trends, customer demand, and competitive positioning.
3.Policy Makers & Regulators - To track industry developments and align regulatory frameworks.
4.Consultants & Analysts - To support market entry, expansion strategies, and client advisory work.

Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.

Contact Us
Saumya Sahey
Europe: +44 7882 955267,
Asia: +44 7882 955267 & +91 8897263534,
Americas: +1 310-496-7795
Email: saumyas@tbrc.info

Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.

This release was published on openPR.