Growing Usage of Smart Bearings Equipped with IoT Sensors for Predictive Maintenance and Improved Monitoring Boosts US Bearing Market Growth
According to our new research study on “US Bearing Market Forecast to 2031 – by Type, Capacity, and End Use Industry,” the US bearing market size was valued at US$14.04 billion in 2024 and is projected to reach US$21.23 billion by 2031; it is expected to register a CAGR of 6.20% during 2025–2031. The report highlights key factors contributing to the US bearing market and prominent players, along with their developments in the market.
The rising use of smart bearings equipped with IoT sensors presents a significant market opportunity in the US bearing market by driving predictive maintenance and enhanced monitoring capabilities. Unlike conventional bearings, smart bearings utilize built-in sensors to instrument and track important parameters such as temperature, vibration, speed, and load conditions in real time. The data is collected using IoT (Internet of Things) connections so that an organization can move from reactive or time-driven maintenance doctrines to a predictive model, that enables assessment of the overall health of the bearings and predicts failure. This advancement will help eliminate unplanned downtime and repair costs, while extending the life of the equipment, increasing productivity in operations, improving reliability and altering models of maintenance which can be critical with respect to overcoming challenges associated with automotive manufacturing, aerospace, energy, industrial and automation.
US Bearing Market
US Bearing Market Size and Forecast (2021 - 2031), Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Product (Roller Bearing, Ball Bearing, and Plain Bearing), Size (Upto 30 mm, 31-40 mm, 41-50 mm, 51-60 mm, 61-70 mm, and 71 mm and Above), Application (Automotive, Agriculture, Electrical, Mining and Construction, Aerospace and Defense, and Others)
US Bearing Market Market Growth Analysis & Future 2031
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In the US, which leads in automotive technology, aerospace, and industrial automation, smart bearings enable better equipment reliability, safety, and performance. For instance, these bearings are used by manufacturers in electric vehicle powertrains to improve reliability, and the aerospace industry for continuous monitoring of turbines and gearboxes to keep mission-critical systems running without fail. The energy and utilities sector employs smart bearings for monitoring wind turbines and gas plants to avoid catastrophic failures in remote locations. Additionally, integration with Industry 4.0 initiatives and AI-based analytics will also support adoption, enabling smart factory environments with predictive maintenance as a foundation.
US Bearing Market Trends
Emphasis on sustainability, leading to bearings that help reduce energy consumption and carbon footprint, is poised to be a defining future trend in the US bearing market. As industries across the manufacturing, automotive, aerospace, and renewable sectors experience greater regulatory and consumer pressure to utilize greener practices, bearings are proving to be an integral component in achieving sustainability goals. Bearings are critical in reducing friction, improving operational efficiency, and extending the life of equipment. The industry is now devoting research and development to introducing products that align with environmental initiatives. he growing use of lightweight materials and improved lubrication systems allows manufacturers to develop new bearing designs. Moreover, advancements in surface treatments that allow for increased performance and, subsequently, reduced maintenance and energy use.
Through the addition of smart sensors to bearings, real-time monitoring can prevent energy loss and encourage predictive maintenance strategies to improve machine uptime. In addition, demand from new electric vehicle manufacturers and renewable energy production (wind turbine manufacturers) will help with the transition toward low-friction, durable, and recyclable bearings. As the US moves toward a low-carbon economy, manufacturers will have increased opportunities to produce sustainable products, through methods such as the use of recycled raw materials and cleaner manufacturing practices, which will help facilitate a greener market.
As end-users increasingly embrace sustainability as a determining factor in decision-making, bearing manufacturers based in the US are expected to distinguish themselves around energy-efficient products as well as certifications in alignment with standards for environmental sustainability, and cooperation with industries oriented toward net-zero emissions. This intersection of sustainability and technological innovation will reformulate not only product portfolios but also the context of competition among players in the US bearing sector, where environmentally friendly bearings will become a core basis for future growth.
The US bearing market growth is attributed to a surge in the demand for 71 mm and above size bearing. "70 mm and above" in the U.S. bearing market refers to bearings with an outer diameter of 70 millimeters or larger. These larger-sized bearings are critical components designed to support heavy loads and enable smooth rotational or linear motion in various high-demand industrial applications. Within the U.S. bearing market, the "70 mm and above" segment is extensively used in automotive, aerospace, mining, construction machinery, wind turbines, and industrial machinery sectors, where robust performance and durability are essential. Several factors are driving the growth of the "70 mm and above" size segment in the U.S. bearing market. Firstly, the expanding automotive industry, especially the growing production of SUVs, heavy vehicles, and electric vehicles, requires high-performance large bearings for engines, transmissions, and wheel assemblies. Secondly, the rise in industrial automation and increased adoption of robotics necessitate sturdy bearings for machinery involved in manufacturing and processing.
The US bearing market analysis is performed by considering the following segments: product, size, and application. By product, the market is segmented into roller bearing, ball bearing, and plain bearing. The roller bearing segment held a larger share of the US bearing market in 2024. By size, the market is divided into 31-40 mm, 41-50 mm, 51-60 mm, 61-70 mm, and 71 mm and above. The 71 mm and above segment held the largest US bearing market share in 2024. Based on application, the US bearing market report is divided into automotive, agriculture, electrical, mining and construction, aerospace and defense, and others. The automotive segment has the largest US bearing market share in 2024. The automotive segment is a pivotal driver of the U.S. bearing market, showcasing robust growth supported by evolving vehicle technologies and changing consumer preferences. This segment primarily includes bearings used in critical automotive applications such as wheel hubs, engines, transmissions, drivetrains, and electric powertrains. In the present scenario, the U.S. automotive bearing market is valued significantly, with continued expansion driven by increasing vehicle production, especially in the electric vehicle (EV) sector, and a rising inclination toward larger vehicles such as SUVs and pickups.
The Timken Co, RBC Bearings Incorporated, NSK Ltd, Schaeffler AG, SKF AB, Auburn Bearing & Manufacturing, NTN Corp, JTEKT Corp, Scheerer Bearing Corporation, and Pacific Bearing Company are leading companies profiled in the US bearing market report.
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