Global Thrust Bearings Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Type;

Ball Thrust Bearing, Single Direction, Double Direction, Cylindrical Roller Bearing, Spherical Roller Thrust Bearings, and Tapered Roller Thrust Bearing.

By Series Type;

Extra light, Light, Medium, and Heavy.

By Cage Type;

Steel Cage and Brass Cage.

By Geography;

North America, Europe, Asia Pacific, Middle East & Africa, and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn816132430 Published Date: March, 2025 Updated Date: April, 2025

Introduction

Global Thrust Bearings Market (USD Million), 2021 - 2031

In the year 2024, the Global Thrust Bearings Market was valued at USD 2633.34 million. The size of this market is expected to increase to USD 3705.37 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 5.0%.

The Global Thrust Bearings Market represents a crucial segment within the broader bearings industry, catering specifically to applications where axial load support is required. Thrust bearings are designed to handle axial forces parallel to the shaft's direction, enabling smooth rotation and movement of machinery components such as shafts, gears, and axles. As essential components in various mechanical systems across industries such as automotive, aerospace, industrial machinery, and power generation, thrust bearings play a fundamental role in ensuring the smooth and efficient operation of equipment and machinery.

Driven by factors such as industrialization, infrastructural development, and technological advancements, the Global Thrust Bearings Market is witnessing significant growth. The demand for thrust bearings is propelled by the increasing adoption of automation and robotics in manufacturing processes, as well as the expansion of key end-user industries such as automotive, aerospace, and energy. Moreover, the rise of renewable energy sources such as wind and solar power is driving demand for thrust bearings in applications such as wind turbines and solar tracking systems, further contributing to market growth.

Innovation and product development are key focus areas for players in the Global Thrust Bearings Market, with manufacturers investing in research and development to enhance product performance, durability, and efficiency. Technological advancements such as the use of advanced materials, lubrication techniques, and predictive maintenance solutions are reshaping the market landscape, offering improved reliability and extended service life for thrust bearings. Additionally, strategic collaborations, partnerships, and mergers and acquisitions are prevalent in the market as companies seek to expand their product portfolios, strengthen their market presence, and capitalize on emerging opportunities in the evolving industrial landscape.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Type
    2. Market Snapshot, By Series Type
    3. Market Snapshot, By Cage Type
    4. Market Snapshot, By Region
  4. Global Thrust Bearings Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Industrial Automation
        2. Growing Manufacturing Sector
        3. Increasing Demand from Automotive Industry
        4. Expansion of Aerospace Sector
        5. Rise in Renewable Energy Projects
      2. Restraints
        1. High Cost of Advanced Bearings
        2. Counterfeit Products
        3. Stringent Regulations and Standards
        4. Limited Availability of Raw Materials
      3. Opportunities
        1. Technological Advancements
        2. Emerging Markets
        3. Adoption of Predictive Maintenance
        4. Strategic Partnerships and Collaborations
        5. Focus on Sustainable Solutions
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Thrust Bearings Market, By Type, 2021 - 2031 (USD Million)
      1. Ball Thrust Bearing
      2. Single Direction
      3. Double Direction
      4. Cylindrical Roller Bearing
      5. Spherical Roller Thrust Bearings
      6. Tapered Roller Thrust Bearing
    2. Global Thrust Bearings Market, By Series Type, 2021 - 2031 (USD Million)
      1. Extra light
      2. Light
      3. Medium
      4. Heavy
    3. Global Thrust Bearings Market, By Cage Type, 2021 - 2031 (USD Million)
      1. Steel Cage
      2. Brass Cage
    4. Global Thrust Bearings Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. SKF Group
      2. NSK Ltd.
      3. Schaeffler AG
      4. Timken Company
      5. NTN Corporation
      6. JTEKT Corporation
  7. Analyst Views
  8. Future Outlook of the Market