Global Bearing Industry is Rebounding from the Pandemic 

In the next 5 years, the Asia Pacific Region will account for the largest percentage of growth with China and India leading the way. The Asia/Pacific countries are ideal for bearing growth due to the focus on exports and competitive costing. The global marketplace is dominated by large multinational bearing corporations. Most major bearing producers will strategically concentrate manufacturing facilities in countries with large domestic markets. Today, China has one of the largest domestic markets and has become a hotspot for almost every major bearing producer. The country continues to drive the region in growth, and also continues to consolidate. The most advanced bearing manufacturing industries remain in Japan, the United States, Sweden, and Germany. These countries are home to several of the world’s top bearings producers. The companies serving these large developed markets focus on highly technical, high-value bearings. While these countries maintain strong domestic bearing producers, they rely on imports from lower-cost countries to meet the basic needs of their domestic markets.