Australia Bearing Market Research Report, 2030

The Australia bearing market is an essential part of the country’s industrial and manufacturing sectors, providing key components that facilitate smooth movement and reduce friction in machines and vehicles. Bearings are crucial in various applications across industries such as automotive, aerospace, mining, agriculture, and manufacturing, as they improve efficiency, performance, and lifespan of equipment. The automotive sector remains one of the largest consumers of bearings, as these components are integral to engines, gearboxes, and suspension systems. The growth of electric vehicles (EVs) is also playing a vital role in transforming the market, as these vehicles require specialized bearings for higher torque and precision. Several factors contribute to the expansion of the Australian bearing market. These include the demand for high-performance, energy-efficient bearings that are essential for reducing energy consumption and maintenance costs. The use of advanced materials, such as stainless steel, ceramics, and hybrid materials, has led to the production of bearings that offer greater durability, resistance to high temperatures, and corrosion resistance. These innovations are especially relevant in industries like aerospace, where the performance of bearings is critical. However, the market faces challenges, including the fluctuation of raw material prices and the threat of counterfeit products that could compromise the safety and reliability of machinery. Regulatory frameworks and certifications, such as ISO 9001, are critical in ensuring that bearings meet global quality standards and safeguard industrial operations. Associations like the Australian Bearing Manufacturers Association (ABMA) play an essential role in maintaining industry standards, promoting innovation, and facilitating networking among manufacturers and users. Moreover, recent shifts in global supply chains and the impact of the COVID-19 pandemic have created both challenges and opportunities. Supply disruptions initially hindered market growth, but with recovery, industries are experiencing a surge in demand, particularly from the EV, aerospace and heavy machinery sectors. Government policies aimed at strengthening local manufacturing and infrastructure are expected to further support the growth of the bearing market in Australia, fostering a favorable environment for both local manufacturers and international suppliers. According to the research report "Australia Bearing Market Research Report, 2030," published by Actual Market Research, the Australia bearing market is anticipated to grow at more than 5.84% CAGR from 2025 to 2030. The market has witnessed positive trends in recent years, driven by technological advancements, demand from various sectors like automotive, aerospace, and mining, and a rising focus on energy-efficient components. As of now, the size of the market reflects the increasing integration of bearings in machinery and vehicles, particularly with the expanding use of electric vehicles and automation in industries. The local market is supported by both international and domestic players, including prominent companies such as SKF Australia, Timken, and Schaeffler, with recent entries from specialized manufacturers catering to the evolving needs of industries like EVs and renewable energy. In 2021-2022, significant industry news highlighted advancements in bearing technologies, as well as initiatives aimed at increasing local production capabilities, aligning with broader national goals of economic growth and sustainability. The focus on innovation has also been driven by policies to support advanced manufacturing. Production capabilities have been positively influenced by the availability of high-quality raw materials and efficient supply chains, although the market still faces challenges related to sourcing certain specialized materials. Trade patterns show a growing import-export flow, with Australia importing high-precision bearings to meet the demands of specialized sectors while also exporting locally manufactured bearings to regional markets. The Australian bearing market is expected to benefit from emerging trends such as the adoption of next-generation materials, greater reliance on renewable energy, and the ongoing expansion of industries such as mining, construction, and manufacturing. The market is poised for a robust trajectory with numerous opportunities for growth, particularly in sectors that demand precision, durability, and performance.

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In Australia, Ball bearings are widely used due to their ability to handle both radial and axial loads while supporting high-speed performance. These bearings are critical in automotive applications, including engines, transmissions, and wheel hubs, where precision and reliability are paramount. As the Australian automotive sector transitions toward electric vehicles, the need for ball bearings has increased, particularly in motors, batteries, and drivetrains, where reducing friction and wear is essential. Roller bearings, which handle heavy radial loads, are equally important in industries such as mining, construction, and agriculture. In Australia’s mining sector, roller bearings are indispensable for heavy equipment like drills, conveyors, and crushers, which must endure extreme operating conditions. Plain bearings, while less common, still play an important role in machinery requiring low friction and minimal maintenance. These bearings are found in a variety of industrial applications where space efficiency and reduced lubrication are key factors, contributing to the smooth operation and extended lifespan of equipment. The other category of bearings, which includes magnetic bearings, fluid bearings, and disc harrow bearings, is gaining significance in specialized applications. Magnetic bearings are particularly useful in advanced machinery, including wind turbines, where they help eliminate mechanical contact between components, reducing wear. Fluid bearings, which operate on a thin layer of liquid to support the load, are employed in high-speed machinery such as turbines and aerospace systems, offering low friction and minimal maintenance. Disc harrow bearings, found in agricultural equipment, help reduce wear and tear, enhancing the performance of farming machinery. The Australian bearing market is influenced by various factors, including installation type, distribution channels, and materials used. By Installation, unmounted bearings are the largest segment in the Australian market, primarily due to their versatility and widespread use in heavy-duty industries like mining, manufacturing, and construction. Unmounted bearings are essential in machinery and equipment where users need to select appropriate housings and mountings based on specific application requirements. These bearings offer flexibility and are used in various sectors, including agriculture and transportation. On the other hand, mounted bearings, which are often used for simpler installation and maintenance, are growing rapidly. Their fast adoption can be attributed to industries seeking reduced downtime and ease of maintenance, particularly in the automotive and agricultural sectors, where convenience and reliability are crucial. In terms of distribution channels, Original Equipment Manufacturers (OEMs) dominate the Australian bearing market, accounting for the largest share. OEMs provide bearings for industries like automotive, mining, and manufacturing, where reliability and quality are paramount. Australian industries increasingly rely on OEM bearings for new machinery and equipment, particularly in sectors such as agriculture, construction, and automotive manufacturing. The aftermarket channel is the fastest-growing segment, driven by industries’ need for replacement bearings and maintenance parts. As Australia’s infrastructure and mining sectors expand, the demand for replacement bearings in industrial machinery is growing, pushing aftermarket sales, especially for businesses servicing mining and agriculture equipment. Regarding material types, Chrome Steel bearings represent the largest segment in Australia due to their superior strength, durability, and ability to withstand heavy loads and harsh conditions. These properties make them ideal for the mining, manufacturing, and automotive industries. Stainless steel bearings, the fastest-growing material, are gaining popularity, particularly in industries requiring corrosion resistance, such as food processing, marine, and chemical industries. Other materials like carbon steel, brass, and specialized options like plastic and ceramic bearings also serve niche markets. The demand for advanced materials reflects Australia’s focus on innovation and high-performance machinery, particularly in sectors like renewable energy and precision agriculture. In the Australian bearing market, industrial applications dominate, accounting for the largest share. Industrial bearings are crucial in sectors like mining, construction, manufacturing, and energy, which are pillars of the Australian economy. Australia is one of the world’s leading exporters of minerals, and its mining sector heavily relies on bearings for machinery such as drills, crushers, and conveyors. Bearings in mining applications are essential for ensuring the smooth operation of equipment under extreme conditions, such as high temperatures, dust, and vibrations. Similarly, the construction sector in Australia benefits from industrial bearings in equipment used for heavy-duty tasks like lifting, hauling, and excavating. The continuous growth of infrastructure projects in cities like Sydney and Melbourne further boosts the demand for industrial bearings. Automotive bearings are also significant in the Australian market, driven by the local automotive industry, which is evolving with the global shift toward electric vehicles (EVs). Bearings play a critical role in the performance and efficiency of both traditional and electric vehicles, particularly in engines, wheel hubs, and transmissions. Australia’s automotive sector has embraced EV technology, with increased investments from both local and international manufacturers. As a result, the demand for specialized bearings for EVs, which offer better performance and lower maintenance, is growing steadily. In the mining and construction sectors, Australia’s significant natural resource industry demands robust and durable bearings that can withstand the rigors of heavy machinery used in harsh environments. Australia’s expanding infrastructure projects further fuel the growth of this segment. The aerospace sector is the fastest-growing application in the Australian bearing market. Australia is investing in the development of its aerospace capabilities, particularly for defense and commercial aircraft. Bearings are essential in components like engines, landing gear, and flight control systems, where precision and durability are critical. As Australia’s defense and aerospace industries continue to grow, so too does the need for specialized bearings that can withstand extreme conditions and enhance the safety and reliability of aircraft. The oil & gas and energy (including wind and hydropower) also play a role in driving the demand for bearings. With Australia focusing on renewable energy projects, especially in wind energy, the demand for high-performance bearings is rising. The railway and agriculture sectors, while niche, also contribute to the overall bearing market, with bearings being used in rail systems and agricultural machinery.

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Nikita Jabrela

Business Development Manager

Considered in this report • Historic year: 2019 • Base year: 2024 • Estimated year: 2025 • Forecast year: 2030 Aspects covered in this report • Bearing market with its value and forecast along with its segments • Region-wise bearing market analysis • Various drivers and challenges • On-going trends and developments • Top profiled companies • Strategic recommendation By product type in the report: • Ball Bearing • Roller Bearing • Plain Bearing • Others (Magnetic Bearing, Fluid Bearing, Disc Harrow Bearing, etc.)

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By application type in the report: • Automotive • Industrial • Aerospace • Others (Railway, Agriculture, etc.) By installation type in the report: • Unmounted Bearing • Mounted Bearing By distribution channel in the report: • Original equipment manufacturers (OEMs) • Aftermarket By material type in the report: • Metal • Stainless Steel • Chrome Steel • Carbon Steel • Brass • Others (Plastic, Ceramic, etc.) The approach of the report: This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and listing out the companies that are present in the market. The secondary research consists of third party sources such as press releases, annual report of companies, analysing the government generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning and then conducted trade calls with dealers and distributors of the market. Post this we have started doing primary calls to consumers by equally segmenting consumers in regional aspects, tier aspects, age group, and gender. Once we have primary data with us we have started verifying the details obtained from secondary sources. Intended audience This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to bearing industry, government bodies and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.