Thrust Bearings Market on Track for Strong Growth, Estimated to Grow at 7.1% CAGR Through 2029

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What Is the Expected CAGR for the Thrust Bearings Market Through 2025?
In the past few years, the market size of thrust bearings has significantly expanded. Its growth is projected to rise from $3.51 billion in 2024 to $3.72 billion in 2025, boasting a compound annual growth rate (CAGR) of 5.9%. This growth noted in the historical period, can be linked to factors such as an uptick in industrialization, an increase in the production of automobiles, an uptrend in aerospace applications, the intensification of heavy machinery utilization, and the simplified procedures in wind energy installations.

What's the Projected Size of the Global Thrust Bearings Market by 2029?
The market size for thrust bearings is forecasted to experience substantial growth in the upcoming years, reaching $4.89 billion by 2029 with a compound annual growth rate (CAGR) of 7.1%. This growth during the forecast period can be linked to the rising demand for renewable energy, escalation in construction activities, advancements in oil and gas explorations, spread of e-mobility and the increase in robotics and automation. During the forecast period, the demand for eco-friendly materials, focus on energy efficiency, a surge in electric vehicles, escalation in manufacturing automation, and enlargement of offshore energy projects will be the major trends.

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Top Growth Drivers in the Thrust Bearings Industry: What's Accelerating the Market?
Advancement in the automobile industry is anticipated to stimulate the progression of the thrust bearings market in the future. This industry involves firms engaged in the invention, development, manufacture, and sale of motor vehicles. The automobile industry is burgeoning owing to consumer demand, greater access to credit, acceptance of electric vehicles, and consumer inclination toward innovative transportation methods. Thrust bearings, which aid in carrying axial loads and reducing friction in crucial parts such as transmissions and steering systems, thereby enhancing vehicle durability and performance, are vital to this sector. For instance, a report published by Statistics Canada, a Canadian statistical organization, in June 2024, indicated that in 2022, the total number of registered motor vehicles on the road in Canada stood at 26.3 million, marking a rise of 0.3% from 2021. Consequently, the escalating automobile sector is fueling the market for thrust bearings.

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Which Emerging Trends Are Transforming the Thrust Bearings Market in 2025?
Several leading players in the thrust bearings market are concentrated on the development of mounted thrust bearings in response to the surge in demand for highly efficient and long-lasting components across various industrial segments. Equipped with advantages like reduced time for maintenance, an increased capacity for carrying loads, and improved alignment, mounted thrust bearings come already assembled and ready for fitting. For instance, Auburn Bearing & Manufacturing, a company based in the US specialized in designing and manufacturing ball and roller thrust bearings, introduced an MT-114RG mounted thrust bearing in March 2024. The MT-114RG, an addition to the existing T-114RG thrust bearing series, offers more flexible installation options, which include the ability to thread onto a shaft for simpler fitting and assured 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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