U.S.: Bearing Market 2025

Bearing Market Size in the U.S.

The U.S. bearing market rose significantly to $X in 2021, increasing by 10% against the previous year. Overall, consumption continues to indicate a relatively flat trend pattern. Over the period under review, the market reached the maximum level at $X in 2018; however, from 2019 to 2021, consumption stood at a somewhat lower figure.

Bearing Production in the U.S.

In value terms, bearing production amounted to $X in 2021. Overall, production, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of 4.8% against the previous year. As a result, production attained the peak level of $X. From 2015 to 2021, production growth remained at a somewhat lower figure.

Bearing Exports

Exports from the U.S.

In 2021, shipments abroad of ball and roller bearings was finally on the rise to reach X tons after three years of decline. Overall, exports, however, showed a abrupt downturn. The pace of growth was the most pronounced in 2017 when exports increased by 12%. As a result, the exports reached the peak of X tons. From 2018 to 2021, the growth of the exports remained at a lower figure.

In value terms, bearing exports expanded rapidly to $X in 2021. Over the period under review, exports, however, continue to indicate a relatively flat trend pattern. The exports peaked at $X in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

Exports by Country

Canada (X tons), Mexico (X tons) and Brazil (X tons) were the main destinations of bearing exports from the United States.

From 2012 to 2021, the biggest increases were recorded for Germany (with a CAGR of +6.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for bearing exported from the United States were Mexico ($X), Canada ($X) and China ($X), together accounting for 50% of total exports. These countries were followed by Germany, Brazil, France, Australia, Singapore, the UK, Japan, South Korea, Chile and India, which together accounted for a further 33%.

In terms of the main countries of destination, South Korea, with a CAGR of +4.4%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average bearing export price stood at $X per ton in 2021, increasing by 4.3% against the previous year. Overall, the export price recorded a resilient increase. The pace of growth appeared the most rapid in 2020 an increase of 323%. Over the period under review, the average export prices hit record highs in 2021 and is likely to continue growth in the near future.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Australia ($X per ton), while the average price for exports to Brazil ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Australia (+5.4%), while the prices for the other major destinations experienced more modest paces of growth.

Bearing Imports

Imports into the U.S.

After two years of decline, overseas purchases of ball and roller bearings increased by 35% to X tons in 2021. Overall, imports, however, showed a relatively flat trend pattern. Over the period under review, imports reached the peak figure at X tons in 2018; however, from 2019 to 2021, imports failed to regain momentum.

In value terms, bearing imports surged to $X in 2021. Over the period under review, imports, however, saw a relatively flat trend pattern. Over the period under review, imports hit record highs at $X in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest bearing supplier to the United States, with a 53% share of total imports. Moreover, bearing imports from China exceeded the figures recorded by the second-largest supplier, Japan (X tons), twofold. South Korea (X tons) ranked third in terms of total imports with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled +3.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+1.2% per year) and South Korea (+8.9% per year).

In value terms, Japan ($X), China ($X) and Germany ($X) constituted the largest bearing suppliers to the United States, together accounting for 56% of total imports. Canada, South Korea, Mexico, India, France, Italy and Romania lagged somewhat behind, together accounting for a further 31%.

Among the main suppliers, South Korea, with a CAGR of +5.2%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average bearing import price stood at $X per ton in 2021, waning by -5.4% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2019 when the average import price increased by 59%. As a result, import price attained the peak level of $X per ton. From 2020 to 2021, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Romania (+0.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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