Rolling Bearing Steel Market, by Component Type, (Outer & Inner Ring, Steel Ball, and Cage), by Product Type (Cylindrical rolling bearing, Tapered rolling bearing, Spherical rolling bearing, Thrust rolling bearing, and Needle rolling bearing), by Material Type (High-carbon chromium bearing steel, Case hardening bearing steel, and Others (Stainless hardening & high temperature bearing steel and Medium-carbon bearing steel)), by Application (Automobile, Aviation, Railways, Mining & Construction Equipment, and Others (Agriculture and Wind Turbines)), and by Region (North America, Latin America, Europe, Asia Pacific, and Middle East & Africa) - Size, Share, Outlook, and Opportunity Analysis, 2018 – 2026

  • To Be Published : Dec 2018 |
  • Format : CMI Insight PPT Format CMI Insight PDF Format

Rolling bearing steel is a basic component used in numerous machines and motors, which are capable to carry heavy loads. Steel balls or rollers are placed between two bearing steel rings known as races, which reduce friction. It is made of steel, along with different types of materials used in them such as high carbon chromium, stainless hardening and others, which makes steel bearing highly resistant and increases its fatigue strength owing to which it is demandable in numerous industries.

Furthermore, rolling bearing steel consists of outer ring, cage, steel ball, and inner ring. It is available in different shapes including cylindrical rolling bearing, tapered rolling bearing, spherical rolling bearing, thrust rolling bearing and needle rolling bearing, to be used in respective applications as per the need. For instance, needle roller bearing are used in transmission, pumps, compressors, and drive shafts among others in the automotive industry.

Market Dynamics

Growing automotive industry across the globe, is a key driving factor for growth of the rolling bearing steel market as rolling bearing steels are widely used in automobile engines, powertrain, and others. According to International Organization of Motor Vehicle manufacturers, in 2016, the automotive industry produced 94,976,569 unit of vehicles (including cars and commercial vehicles), globally, which increased to 97,302,534 unit of vehicles in 2017. Rising production of vehicles may propel the rolling bearing steel market in the near future.

Regional Outlook

North America is expected to be dominant market over the forecast period, owing to the presence of established automotive players such as General Motors, Ford, and Fiat Chrysler in the region. According to the International Organization of Motor Manufacturers, in 2016, the U.S. automotive industry produced about 12,198,137 unit of vehicles. Automobile sector grabs maximum share in the use of rolling bearing steel in different parts of vehicles. Thus, increasing vehicle production may boost the rolling bearing market in the coming decade.

Asia Pacific is expected to have the substantial market share in the rolling bearing market during the forecast period. China is expected to hold significant position in the market in this region. With the long presence of large number of steel producing manufacturing units and easy availability of steel, it may propel the rolling bearing steel market in the coming decade. According to the World Steel Association, in 2017, China’s crude steel production reached to 831.7 metric tons, which is straight up by 5.7% from 784.3 metric tons in 2016. Additionally, the China’s share in global crude steel production raised to 49.2% in 2017 from 49 % in 2016.

However, the ban on the production of steel in various countries due to the rising pollution may hinder the rolling bearing steel market. For instance, the government of China plans to cut the pollutant levels form air by eliminating 100 Billion to 150 Billion tons of crude steel capacity in next five years, which initiated from 2016.

Key Players

Key players operating in the rolling bearing steel market are NSK Ltd., SANYO SPECIAL STEEL Co., Ltd., Benxi Iron & Steel (Group) Co., Ltd., Nanjing Iron and Steel Co., Ltd, JFE Steel Corporation, The Aichi Steel Group, Suzhou Suxin Special steel Co. Ltd., Dongbei Special Steel Group Co., Ltd., and Henan Jiyuan Iron & Steel Group Co Ltd among several others.

Market Taxonomy

The global rolling bearing steel market is segmented on the basis of Component type, Product type, Material type, application, and region:

By Component Type

  • Outer & Inner Ring
  • Steel Ball
  • Cage

By Product Type

  • Cylindrical rolling bearing
  • Tapered rolling bearing
  • Spherical rolling bearing
  • Thrust rolling bearing
  • Needle rolling bearing

By Material Type

  • High-carbon chromium bearing steel
  • Case hardening bearing steel
  • Others

By Application

  • Automobile
  • Aviation
  • Railways
  • Mining & Construction Equipment
  • Others

By Region:

  • North America
    • U.S.
    • Canada
    • Mexico
  • South America
    • Brazil
    • Argentina
    • Rest of South America
  • Europe
    • U.K.
    • Germany
    • Italy
    • France
    • Spain
    • Russia
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • ASEAN
    • Australia
    • Rest of Asia Pacific
  • Middle East & Africa

Research Methodology

Coherent Market Insights followsa comprehensive research methodology focused on providing the most precise market analysis. The company leverages a data triangulation model which helps company to gauge the market dynamics and provide accurate estimates. Key components of the research methodologies followed for all our market reports include:

  • Primary Research (Trade Surveys and Experts Interviews)
  • Desk Research
  • Proprietor Data Analytics Model

In addition to this, Coherent Market Insights has access to a wide range of the regional and global reputed paid data bases, which helps the company to figure out the regional and global market trends and dynamics. The company analyses the industry from the 360 Degree Perspective i.e. from the Supply Side and Demand Side which enables us to provide granular details of the entire ecosystem for each study. Finally, a Top-Down approach and Bottom-Up approach is followed to arrive at ultimate research findings.


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Coherent Market Insights desk research is based on a principle set of research techniques:

  • National level desk research: It Includes research analysis of regional players, regional regulatory bodies, regional trade associations, and regional organization.
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Coherent Market Insights has a large amount of in-house repository of industry database. This is leveraged as a burner for initiating a new research study. Key secondary sources include:

  • Governmental bodies, National and international social welfare institutions, and organizations creating economic policies among others.
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  • Company Annual reports, SEC filings, Corporate Presentations, press release, news, and specification sheet of manufacturers, system integrators, brick and mortar - distributors and retailers, and third party online commerce players.
  • Scientific journals, and other technical magazines and whitepapers.
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Preliminary Data Mining

The raw data is obtained through the secondary findings, in house repositories, and trade surveys. It is then filtered to ensure that the relevant information including industry dynamics, trends, and outlook is retained for further research process.

Data Standardization:

Holistic approach is used to ensure that the granular and uncommon parameters are taken into consideration to ensure accurate results. The information from the paid databases are further combined to the raw data in order to standardize it.

Coherent Statistical model

We arrive at our final research findings through simulation models. Coherent Data Analytics Model is a statistical tool that helps company to forecast market estimates. Few of the parameters considered as a part of the statistical model include:

  • Micro-economic indicators
  • Macro-economic indicators
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Data Processing

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Data Validation

This is the most crucial stage of the research process. Primary Interviews are conducted to validate the data and analysis. This helps in achieving the following purposes:

  • It provides first-hand information on the market dynamics, outlook, and growth parameters.
  • Industry experts validates the estimates which helps the company to cement the on-going research study.
  • Primary research includes online surveys, face-to face interviews, and telephonic interviews.

The primary research is conducted with the ecosystem players including, but not limited to:

  • Raw Material Suppliers
  • Manufacturers
  • System Integrators
  • Distributors
  • End-users

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