Bearing Housing Without Ball Bearing Market

The global market for bearing housings not incorporating ball or roller bearings, plain shaft bearings is projected to see steady growth over the next eight years, with an anticipated CAGR of +4.2%. In 2022, the market volume was 3.8M tons, with a forecasted increase to 5.2M tons by the end of 2030. The market value is expected to reach $172B by 2030. The United States, China, and India were the top consumers and producers in 2022. Import and export volumes are also on the rise, with China leading as the key exporter.

Market Forecast

Driven by increasing demand for bearing housings not incorporating ball or roller bearings, plain shaft bearings worldwide, the market is expected to continue an upward consumption trend over the next eight years. Market performance is forecast to retain its current trend pattern, expanding with an anticipated CAGR of +4.2% for the period from 2022 to 2030, which is projected to bring the market volume to 5.2M tons by the end of 2030.

In value terms, the market is forecast to increase with an anticipated CAGR of +6.4% for the period from 2022 to 2030, which is projected to bring the market value to $172B (in nominal prices) by the end of 2030.

Consumption

World Consumption of Bearing Housings Not Incorporating Ball Or Roller Bearings, Plain Shaft Bearings

In 2022, approx. 3.8M tons of bearing housings not incorporating ball or roller bearings, plain shaft bearings were consumed worldwide; dropping by -3.1% on the previous year. Overall, the total consumption indicated a pronounced increase from 2012 to 2022: its volume increased at an average annual rate of +3.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by +0.6% against 2020 indices. Over the period under review, global consumption attained the maximum volume at 4.3M tons in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

The revenue of the market for bearing housings not incorporating ball or roller bearings, plain shaft bearings worldwide reduced slightly to $105.1B in 2022, with a decrease of -2.9% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, the total consumption indicated temperate growth from 2012 to 2022: its value increased at an average annual rate of +4.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by +0.6% against 2020 indices. Over the period under review, the global market reached the maximum level at $116.2B in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Consumption By Country

The countries with the highest volumes of consumption in 2022 were the United States (1.4M tons), China (716K tons) and India (301K tons), with a combined 63% share of global consumption. Japan, Russia, Brazil, Mexico, South Korea, Canada, Turkey and Slovakia lagged somewhat behind, together accounting for a further 24%.

From 2012 to 2022, the biggest increases were recorded for Slovakia (with a CAGR of +35.7%), while consumption for the other global leaders experienced more modest paces of growth.

In value terms, the United States ($43.6B) led the market, alone. The second position in the ranking was taken by China ($17.2B). It was followed by India.

From 2012 to 2022, the average annual growth rate of value in the United States amounted to +2.3%. In the other countries, the average annual rates were as follows: China (+6.6% per year) and India (+11.8% per year).

In 2022, the highest levels of bearing housing without ball bearing per capita consumption was registered in the United States (4,037 kg per 1000 persons), followed by Canada (1,903 kg per 1000 persons), Japan (1,641 kg per 1000 persons) and Mexico (924 kg per 1000 persons), while the world average per capita consumption of bearing housing without ball bearing was estimated at 6.4 kg per 1000 persons.

From 2012 to 2022, the average annual growth rate of the bearing housing without ball bearing per capita consumption in the United States was relatively modest. In the other countries, the average annual rates were as follows: Canada (+4.2% per year) and Japan (+4.3% per year).

Production

World Production of Bearing Housings Not Incorporating Ball Or Roller Bearings, Plain Shaft Bearings

In 2022, the amount of bearing housings not incorporating ball or roller bearings, plain shaft bearings produced worldwide dropped slightly to 3.6M tons, declining by -2.9% on the year before. Overall, the total production indicated tangible growth from 2012 to 2022: its volume increased at an average annual rate of +4.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by +0.5% against 2020 indices. The pace of growth appeared the most rapid in 2017 when the production volume increased by 19%. Global production peaked at 4.1M tons in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

In value terms, bearing housing without ball bearing production reduced slightly to $102.6B in 2022 estimated in export price. In general, the total production indicated noticeable growth from 2012 to 2022: its value increased at an average annual rate of +4.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +1.7% against 2020 indices. The most prominent rate of growth was recorded in 2017 when the production volume increased by 18% against the previous year. Over the period under review, global production reached the peak level at $111.3B in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

Production By Country

The countries with the highest volumes of production in 2022 were the United States (1.3M tons), China (825K tons) and India (297K tons), with a combined 67% share of global production. Japan, Russia, Brazil, South Korea, Turkey, Mexico, Slovakia and Canada lagged somewhat behind, together accounting for a further 23%.

From 2012 to 2022, the biggest increases were recorded for Slovakia (with a CAGR of +41.2%), while production for the other global leaders experienced more modest paces of growth.

Imports

World Imports of Bearing Housings Not Incorporating Ball Or Roller Bearings, Plain Shaft Bearings

In 2022, purchases abroad of bearing housings not incorporating ball or roller bearings, plain shaft bearings increased by 9.3% to 467K tons, rising for the second consecutive year after two years of decline. The total import volume increased at an average annual rate of +2.9% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 27% against the previous year. Global imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, bearing housing without ball bearing imports rose significantly to $7.6B in 2022. The total import value increased at an average annual rate of +3.3% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 with an increase of 23% against the previous year. Over the period under review, global imports hit record highs in 2022 and are likely to see steady growth in the near future.

Imports By Country

In 2022, Mexico (62K tons), the United States (58K tons) and Germany (51K tons) was the largest importer of bearing housings not incorporating ball or roller bearings, plain shaft bearings in the world, achieving 37% of total import. Italy (15K tons), France (15K tons), Japan (14K tons), the UK (14K tons), South Korea (13K tons), Canada (13K tons), China (13K tons), Poland (11K tons), Hungary (11K tons) and Sweden (11K tons) held a minor share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Poland (with a CAGR of +11.8%), while imports for the other global leaders experienced more modest paces of growth.

In value terms, the largest bearing housing without ball bearing importing markets worldwide were the United States ($1B), Germany ($698M) and Mexico ($551M), with a combined 30% share of global imports. China, Canada, the UK, France, Italy, Poland, Japan, Hungary, South Korea and Sweden lagged somewhat behind, together comprising a further 29%.

Among the main importing countries, Poland, with a CAGR of +12.6%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices By Country

The average import price for bearing housings not incorporating ball or roller bearings, plain shaft bearings stood at $16,305 per ton in 2022, which is down by -1.9% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when the average import price increased by 8% against the previous year. Over the period under review, average import prices hit record highs at $17,330 per ton in 2019; however, from 2020 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was China ($36,280 per ton), while Mexico ($8,823 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+2.3%), while the other global leaders experienced more modest paces of growth.

Exports

World Exports of Bearing Housings Not Incorporating Ball Or Roller Bearings, Plain Shaft Bearings

In 2022, shipments abroad of bearing housings not incorporating ball or roller bearings, plain shaft bearings increased by 18% to 340K tons, rising for the second year in a row after two years of decline. Over the period under review, total exports indicated a moderate increase from 2012 to 2022: its volume increased at an average annual rate of +3.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +58.1% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 34%. The global exports peaked in 2022 and are expected to retain growth in years to come.

In value terms, bearing housing without ball bearing exports expanded remarkably to $7.3B in 2022. The total export value increased at an average annual rate of +2.7% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 when exports increased by 20% against the previous year. Over the period under review, the global exports reached the maximum in 2022 and are expected to retain growth in the near future.

Exports By Country

China was the key exporter of bearing housings not incorporating ball or roller bearings, plain shaft bearings in the world, with the volume of exports amounting to 121K tons, which was near 36% of total exports in 2022. Germany (38K tons) held the second position in the ranking, followed by Japan (27K tons). All these countries together took near 19% share of total exports. Turkey (14K tons), the United States (12K tons), France (10K tons), Mexico (9.2K tons), Sweden (8.7K tons), Italy (8.2K tons), Taiwan (Chinese) (7.4K tons), Spain (6.6K tons), South Korea (6.5K tons) and the Netherlands (5.9K tons) held a relatively small share of total exports.

China was also the fastest-growing in terms of the bearing housings not incorporating ball or roller bearings, plain shaft bearings exports, with a CAGR of +24.6% from 2012 to 2022. At the same time, the Netherlands (+19.8%), Turkey (+15.2%), Spain (+7.0%), Italy (+7.0%), South Korea (+4.8%), France (+3.0%) and Mexico (+2.2%) displayed positive paces of growth. Germany experienced a relatively flat trend pattern. By contrast, Japan (-1.1%), Sweden (-1.9%), Taiwan (Chinese) (-2.5%) and the United States (-6.6%) illustrated a downward trend over the same period. While the share of China (+30 p.p.) and Turkey (+2.7 p.p.) increased significantly in terms of the global exports from 2012-2022, the share of Taiwan (Chinese) (-2 p.p.), Sweden (-2 p.p.), Japan (-5.1 p.p.), Germany (-6.5 p.p.) and the United States (-6.9 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest bearing housing without ball bearing supplying countries worldwide were Germany ($1.4B), the United States ($1.1B) and China ($840M), with a combined 47% share of global exports. Japan, France, the Netherlands, Mexico, Italy, Sweden, South Korea, Spain, Taiwan (Chinese) and Turkey lagged somewhat behind, together comprising a further 27%.

In terms of the main exporting countries, the Netherlands, with a CAGR of +13.2%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices By Country

The average export price for bearing housings not incorporating ball or roller bearings, plain shaft bearings stood at $21,372 per ton in 2022, which is down by -10.5% against the previous year. In general, the export price continues to indicate a slight contraction. The most prominent rate of growth was recorded in 2013 an increase of 7.4%. Over the period under review, the average export prices hit record highs at $27,190 per ton in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the United States ($91,171 per ton), while Turkey ($4,563 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+11.7%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform