Spherical Roller Bearing Market

Spherical roller bearing market: enjoy recently published facts and figures secured by an Ai-driven BI tool. Datasets provide production, market prices, imports, market size, trade, consumption, exports, and companies. Here is a split by country, including Latin America, the Middle East, EU, Russia, China, Africa, the U.K., and the U.S. Market insights and forecast to 2030 are also provided in the reports.

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Spherical Roller Bearing - World's Largest Markets

In value terms, China led the market, alone. The second position in the ranking was occupied by the United States. It was followed by India.

In China, the spherical roller bearing market expanded at an average annual rate of +22.1% over the period from 2018-2020. The remaining consuming countries recorded the following average annual rates of market growth: the United States (+5.8% per year) and India (+5.0% per year).

Spherical Roller Bearing Prices

Spherical Roller Bearing - Top Importers

In value terms, the largest spherical roller bearing importing markets worldwide were China ($325M), Belgium ($175M) and the United States ($175M), together accounting for 33% of global imports. These countries were followed by Singapore, Germany, India, France, South Korea, Denmark, Italy, Russia, Brazil and Turkey, which together accounted for a further 35%.

In terms of the main importing countries, Denmark recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Spherical Roller Bearing - Top Exporters

In value terms, the largest spherical roller bearing supplying countries worldwide were Germany ($378M), Sweden ($328M) and Japan ($215M), together accounting for 45% of global exports. China, Belgium, Singapore, the United States, the UK, France, Romania, Malaysia, the Czech Republic and Belarus lagged somewhat behind, together comprising a further 43%.

Singapore (+195.7% per year) recorded the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Spherical Roller Bearing - Market Forecast

The spherical roller bearing market is expected to start a downward consumption trend over the next decade. The performance of the market is forecast to decrease slightly, with an anticipated CAGR of -0.5% for the ten-year period from 2020 to 2030, which is projected to depress the market volume to by the end of 2030.

Spherical Roller Bearing - Top Companies

NTN CORPORATION, The Timken Company, CHENG DU NSK BEARING CO.,LTD, Schaeffler Group USA Inc., SKF GmbH, Forbo International SA, SKF INDUSTRIE SPA, Rbs Global, Inc., Rbc Bearings Incorporated, Kaydon Corporation, Nn, Inc., BELIMO Automation AG, OILES CORPORATION, NIPPON THOMPSON CO., LTD., Schaeffler Skalica, spol. s r.o., Roller Bearing Company of America, Inc., NAKANISHI METAL WORKS CO., LTD., SKF Österreich Aktiengesellschaft, SKF INDIA LIMITED, Tianma Bearing Group Co., Ltd.

Spherical Roller Bearing - Product Coverage

• HS 848230 - Bearings; spherical roller bearings