Bearing market is comprised of roller bearing, ball bearing, plain bearing, spherical plain bearing, single row ball bearing, plastic ball bearing. Some of the types of ball bearing include cylinder roller bearing, hollow bearing, spherical roller bearings, tapered bearing, cross roller bearings, air bearings, and sensorised bearing. Industrial machinery and automobile sector contribute to the major share of this market.
In automotive sector two wheeler and four wheelers captures the majority of the market share. The growth of bearings market is directly proportional to the global industrial production. Aerospace, off highway and Railway vehicles also contribute to the share of market. The major end-user industries such as automotive, construction equipment, agricultural, consumer and steel and paper continue to shape the fortunes of the bearings market. Increased in industrial machinery and automobile sector is driving the bearing market forward. This two segments account for a lion's share contributing to the growth of global bearings market. Increased investment in aerospace industry is boosting the growth of this market. The increase in demand for railway equipment, electronics, and aircraft in the developing regions is demonstrating record sales growth for bearings and related products. Growing concerns over global warming is increasing the demand for wind turbines and thus driving the growth of the bearing market.