World - Bearing Housings Incorporating Ball Or Roller Bearings - Market Analysis, Forecast, Size, Trends And Insights
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The global market for bearing housings incorporating ball or roller bearings is projected to see continued growth from 2022 to 2030, with a forecasted CAGR of +3.5% in volume and +5.8% in value. In 2022, worldwide consumption declined slightly compared to the previous year, but showed significant growth over the past decade. China, the United States, and India were the top consuming countries in 2022. Production also saw growth over the last decade, with China leading in volume. Meanwhile, imports of bearing housings increased in 2022, with Germany and the United States as top importers. In terms of exports, China dominated the market. Overall, the market is expected to see steady growth in the near future.
Market Forecast
Driven by increasing demand for bearing housings incorporating ball or roller bearings worldwide, the market is expected to continue an upward consumption trend over the next eight years. Market performance is forecast to retain its current trend pattern, expanding with an anticipated CAGR of +3.5% for the period from 2022 to 2030, which is projected to bring the market volume to 487K tons by the end of 2030.
In value terms, the market is forecast to increase with an anticipated CAGR of +5.8% for the period from 2022 to 2030, which is projected to bring the market value to $9.3B (in nominal prices) by the end of 2030.
Consumption
World Consumption of Bearing Housings Incorporating Ball Or Roller Bearings
In 2022, approx. 371K tons of bearing housings incorporating ball or roller bearings were consumed worldwide; declining by -3.3% compared with 2021. In general, the total consumption indicated a noticeable expansion from 2012 to 2022: its volume increased at an average annual rate of +2.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -8.2% against 2019 indices. Global consumption peaked at 404K tons in 2019; however, from 2020 to 2022, consumption remained at a lower figure.
The value of the market for bearing housings incorporating ball or roller bearings worldwide dropped modestly to $6B in 2022, standing approx. at the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, the total consumption indicated measured growth from 2012 to 2022: its value increased at an average annual rate of +4.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +88.8% against 2013 indices. Over the period under review, the global market attained the maximum level at $6B in 2021, and then contracted in the following year.
Consumption By Country
The countries with the highest volumes of consumption in 2022 were China (77K tons), the United States (48K tons) and India (35K tons), with a combined 43% share of global consumption. The UK, Japan, Brazil, Mexico, Turkey, Germany, France, Canada, South Korea and Thailand lagged somewhat behind, together comprising a further 33%.
From 2012 to 2022, the biggest increases were recorded for Turkey (with a CAGR of +9.6%), while consumption for the other global leaders experienced more modest paces of growth.
In value terms, the United States ($2B) led the market, alone. The second position in the ranking was held by China ($945M). It was followed by India.
From 2012 to 2022, the average annual growth rate of value in the United States stood at +10.0%. The remaining consuming countries recorded the following average annual rates of market growth: China (+5.1% per year) and India (+7.4% per year).
The countries with the highest levels of bearing housing with ball bearing per capita consumption in 2022 were the UK (336 kg per 1000 persons), Canada (204 kg per 1000 persons) and Japan (156 kg per 1000 persons).
From 2012 to 2022, the biggest increases were recorded for Turkey (with a CAGR of +8.2%), while consumption for the other global leaders experienced more modest paces of growth.
Production
World Production of Bearing Housings Incorporating Ball Or Roller Bearings
In 2022, approx. 348K tons of bearing housings incorporating ball or roller bearings were produced worldwide; reducing by -1.7% on the year before. Over the period under review, the total production indicated tangible growth from 2012 to 2022: its volume increased at an average annual rate of +3.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -4.5% against 2019 indices. The most prominent rate of growth was recorded in 2019 when the production volume increased by 29% against the previous year. As a result, production reached the peak volume of 364K tons. From 2020 to 2022, global production growth remained at a somewhat lower figure.
In value terms, bearing housing with ball bearing production totaled $5.6B in 2022 estimated in export price. Overall, the total production indicated strong growth from 2012 to 2022: its value increased at an average annual rate of +6.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +89.4% against 2013 indices. The most prominent rate of growth was recorded in 2018 with an increase of 18%. Global production peaked in 2022 and is likely to see steady growth in the immediate term.
Production By Country
China (143K tons) constituted the country with the largest volume of bearing housing with ball bearing production, accounting for 41% of total volume. Moreover, bearing housing with ball bearing production in China exceeded the figures recorded by the second-largest producer, the United States (34K tons), fourfold. India (30K tons) ranked third in terms of total production with an 8.7% share.
From 2012 to 2022, the average annual rate of growth in terms of volume in China totaled +12.2%. The remaining producing countries recorded the following average annual rates of production growth: the United States (+3.6% per year) and India (+6.9% per year).
Imports
World Imports of Bearing Housings Incorporating Ball Or Roller Bearings
In 2022, supplies from abroad of bearing housings incorporating ball or roller bearings increased by 23% to 156K tons, rising for the second consecutive year after two years of decline. In general, total imports indicated strong growth from 2012 to 2022: its volume increased at an average annual rate of +6.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +49.0% against 2020 indices. The pace of growth appeared the most rapid in 2018 when imports increased by 28% against the previous year. Over the period under review, global imports reached the peak figure in 2022 and are likely to see gradual growth in the immediate term.
In value terms, bearing housing with ball bearing imports soared to $1.5B in 2022. The total import value increased at an average annual rate of +4.2% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2018 with an increase of 21% against the previous year. Global imports peaked in 2022 and are expected to retain growth in the immediate term.
Imports By Country
Germany (15K tons) and the United States (15K tons) represented roughly 19% of total imports in 2022. It was followed by Mexico (8.9K tons) and Italy (7.1K tons), together achieving a 10% share of total imports. Turkey (6.6K tons), the UK (5.8K tons), Belgium (5.8K tons), Indonesia (5.4K tons), Russia (5.3K tons), India (5K tons), Canada (4.5K tons), Japan (4.5K tons) and Nigeria (4.4K tons) followed a long way behind the leaders.
From 2012 to 2022, the biggest increases were recorded for Russia (with a CAGR of +19.1%), while purchases for the other global leaders experienced more modest paces of growth.
In value terms, the largest bearing housing with ball bearing importing markets worldwide were the United States ($163M), Germany ($145M) and Mexico ($100M), together accounting for 27% of global imports. Canada, India, the UK, Italy, Belgium, Turkey, Russia, Japan, Indonesia and Nigeria lagged somewhat behind, together comprising a further 28%.
In terms of the main importing countries, Nigeria, with a CAGR of +12.6%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other global leaders experienced more modest paces of growth.
Import Prices By Country
In 2022, the average import price for bearing housings incorporating ball or roller bearings amounted to $9,689 per ton, which is down by -6.3% against the previous year. Overall, the import price showed a perceptible shrinkage. The most prominent rate of growth was recorded in 2019 an increase of 8.5% against the previous year. Over the period under review, average import prices reached the maximum at $12,095 per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Canada ($15,586 per ton), while Nigeria ($3,131 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+1.5%), while the other global leaders experienced a decline in the import price figures.
Exports
World Exports of Bearing Housings Incorporating Ball Or Roller Bearings
In 2022, the amount of bearing housings incorporating ball or roller bearings exported worldwide skyrocketed to 133K tons, growing by 37% against the year before. Over the period under review, exports recorded a prominent increase. The pace of growth appeared the most rapid in 2021 when exports increased by 39% against the previous year. The global exports peaked in 2022 and are expected to retain growth in the near future.
In value terms, bearing housing with ball bearing exports rose remarkably to $1.3B in 2022. The total export value increased at an average annual rate of +4.1% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when exports increased by 24% against the previous year. The global exports peaked in 2022 and are likely to see gradual growth in the near future.
Exports By Country
China prevails in exports structure, finishing at 70K tons, which was approx. 53% of total exports in 2022. It was distantly followed by Germany (10K tons), achieving a 7.9% share of total exports. Italy (5.7K tons), Japan (5.6K tons), Vietnam (4.1K tons), France (3.7K tons), the UK (3.2K tons), Mexico (3.2K tons) and Slovakia (2K tons) held a minor share of total exports.
From 2012 to 2022, average annual rates of growth with regard to bearing housing with ball bearing exports from China stood at +22.8%. At the same time, Vietnam (+82.6%), Slovakia (+9.8%), Mexico (+7.8%), Italy (+5.8%), Germany (+3.4%) and France (+2.7%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing exporter exported in the world, with a CAGR of +82.6% from 2012-2022. By contrast, Japan (-2.7%) and the UK (-4.1%) illustrated a downward trend over the same period. While the share of China (+37 p.p.) and Vietnam (+3.1 p.p.) increased significantly in terms of the global exports from 2012-2022, the share of France (-2.1 p.p.), Germany (-4.9 p.p.), the UK (-5.9 p.p.) and Japan (-8.4 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.
In value terms, China ($303M), Germany ($211M) and Italy ($71M) appeared to be the countries with the highest levels of exports in 2022, together accounting for 45% of global exports. Vietnam, Japan, the UK, France, Mexico and Slovakia lagged somewhat behind, together comprising a further 20%.
In terms of the main exporting countries, Vietnam, with a CAGR of +80.0%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other global leaders experienced more modest paces of growth.
Export Prices By Country
The average export price for bearing housings incorporating ball or roller bearings stood at $9,822 per ton in 2022, with a decrease of -17.5% against the previous year. Overall, the export price saw a perceptible decline. The pace of growth was the most pronounced in 2018 when the average export price increased by 10%. The global export price peaked at $15,284 per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Germany ($20,090 per ton), while China ($4,301 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+1.9%), while the other global leaders experienced more modest paces of growth.
This report provides an in-depth analysis of the global market for bearing housing with ball bearing. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 28152330 - Bearing housings incorporating ball or roller bearings
Country coverage:
Worldwide - the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries:
- USA
- China
- Japan
- Germany
- United Kingdom
- France
- Brazil
- Italy
- Russian Federation
- India
- Canada
- Australia
- Republic of Korea
- Spain
- Mexico
- Indonesia
- Netherlands
- Turkey
- Saudi Arabia
- Switzerland
- Sweden
- Nigeria
- Poland
- Belgium
- Argentina
- Norway
- Austria
- Thailand
- United Arab Emirates
- Colombia
- Denmark
- South Africa
- Malaysia
- Israel
- Singapore
- Egypt
- Philippines
- Finland
- Chile
- Ireland
- Pakistan
- Greece
- Portugal
- Kazakhstan
- Algeria
- Czech Republic
- Qatar
- Peru
- Romania
- Vietnam
+ the largest producing countries
Data coverage:
- Global market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Global production, split by region and country
- Global trade (exports and imports)
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- CONSUMPTION BY COUNTRY
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. GLOBAL PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
- PRODUCTION BY COUNTRY
8. GLOBAL IMPORTS
The Largest Importers on The Market and How They Succeed
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. GLOBAL EXPORTS
The Largest Exporters on The Market and How They Succeed
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
11. COUNTRY PROFILES
The Largest Markets And Their Profiles
This Chapter is Available Only for the Professional Edition PRO- United States
- China
- Japan
- Germany
- United Kingdom
- France
- Brazil
- Italy
- Russian Federation
- India
- Canada
- Australia
- Republic of Korea
- Spain
- Mexico
- Indonesia
- Netherlands
- Turkey
- Saudi Arabia
- Switzerland
- Sweden
- Nigeria
- Poland
- Belgium
- Argentina
- Norway
- Austria
- Thailand
- United Arab Emirates
- Colombia
- Denmark
- South Africa
- Malaysia
- Israel
- Singapore
- Egypt
- Philippines
- Finland
- Chile
- Ireland
- Pakistan
- Greece
- Portugal
- Kazakhstan
- Algeria
- Czech Republic
- Qatar
- Peru
- Romania
- Vietnam
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LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption, By Country, 2018–2023
- Production, In Physical Terms, By Country, 2012–2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Destination, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Origin, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Consumption, By Country, 2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Production, By Country, 2023
- Production, In Physical Terms, By Country, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, 2012–2023
This report provides an in-depth analysis of the global market for bearing housing with ball bearing.
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