Canada Bearing Market Research Report, 2030

The Canada bearing market is integral to the country’s diverse industrial landscape, serving industries such as automotive, manufacturing, aerospace, and energy. Bearings play a crucial role in reducing friction and ensuring smooth operation in machinery, contributing to the overall efficiency and longevity of equipment. With advancements in technology and manufacturing processes, the market has evolved to meet the growing demand for high-performance, precision-engineered components, especially in sectors like automotive and renewable energy. As the country pushes toward increased automation and energy-efficient solutions, there is a rising focus on bearings that can withstand demanding operational conditions. The regulatory environment in Canada, governed by organizations like the Canadian Standards Association (CSA), ensures that bearings meet stringent safety and quality standards, particularly in high-risk applications such as aerospace and automotive. These regulations, along with the certifications required for specific industries, ensure that bearings maintain reliability and performance. However, challenges such as fluctuating raw material prices, supply chain uncertainties, and high production costs remain obstacles for the industry. Despite these challenges, the bearing market is supported by the steady demand for efficient machinery and the continued growth of automation and electric vehicle sectors. The emergence of advanced bearing technologies, including smart bearings and those designed for specific applications, further influences market dynamics. Additionally, increased focus on sustainability and the shift toward greener technologies are expected to drive the evolution of the bearing market in Canada, with specialized products designed to meet the energy efficiency demands of various industries. The industry’s future is further shaped by innovations in material science and product design, aligning with broader trends in global manufacturing and technological progress. According to the research report, "Canada Bearing Market Research Report, 2030," published by Actual Market Research, the Canada bearing market is anticipated to add to more than USD 1.07 Billion by 2025–30. This growth is driven by the increasing demand for precision-engineered components across various industries. The market has shown steady growth in recent years, largely propelled by the expansion of sectors such as automotive, industrial machinery, and renewable energy. The country’s automotive industry, with its growing focus on electric vehicles and sustainable mobility, plays a critical role in the demand for bearings, especially precision and high-performance types. The aerospace and defense sectors, along with the rising use of automation in manufacturing, further contribute to the market's growth. In terms of key players, prominent companies like SKF, Timken Company, NTN Corporation, and Koyo Corporation dominate the market, with recent entrants focusing on developing specialized bearing solutions to meet industry-specific needs. The Canadian government’s push for greener energy solutions has led to a surge in demand for bearings in the renewable energy sector, particularly in wind turbines and energy-efficient machinery. The trade and production statistics indicate a robust manufacturing capacity, with Canada benefiting from its proximity to the United States and key raw material suppliers, ensuring a stable supply of bearings. The Canadian mining industry, one of the country's largest sectors, continues to drive demand for heavy-duty bearings used in mining equipment such as crushers, conveyors, and extraction machinery. The oil and gas industry in Canada also plays a significant role in bearing demand, as bearings are crucial in equipment for exploration, drilling, and refining. The construction sector, driven by infrastructure development projects, further propels the need for bearings used in construction machinery like cranes, excavators, and bulldozers. Canada’s expanding public transportation network and ongoing investment in electric transit systems are boosting the demand for specialized bearings in railway and bus systems. The COVID-19 pandemic disrupted global supply chains, causing temporary delays in production and shipment of bearings, yet the market has shown resilience, with recovery underway. The Canadian government’s continued investment in renewable energy, including wind, solar, and hydroelectric projects, is expected to increase bearing demand in these sectors. In particular, the wind energy sector is a significant driver, as bearings are essential in the functioning of wind turbines, generators, and related infrastructure. Canada’s emphasis on achieving environmental sustainability in industrial operations is pushing manufacturers to adopt energy-efficient bearings, further fueling market growth.

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The Canada bearing market is predominantly driven by the high demand for ball bearings, which are both the largest and fastest-growing segment. Ball bearings are crucial in a variety of Canadian industries, especially in the automotive and industrial machinery sectors. In the automotive sector, Canada’s focus on electric vehicles (EVs) has significantly boosted the need for ball bearings in electric drivetrains, motors, and wheel assemblies. These bearings are highly sought after due to their ability to support high-speed rotation while minimizing friction, which is critical for the performance of EVs. The industrial machinery sector in Canada, particularly in manufacturing and automation, relies heavily on ball bearings to support high-precision applications in machinery such as CNC machines and robotic arms. The growing adoption of automation in Canada’s manufacturing industries further fuels the demand for these bearings. Roller bearings hold a strong position in Canada’s market as well, primarily due to their capability to handle larger radial loads. These bearings are widely used in heavy-duty applications, including mining, construction, and material handling equipment. In Canada, industries like mining and oil and gas rely heavily on roller bearings for machinery such as crushers, conveyors, and drilling equipment. Canada’s vast natural resources require reliable and durable bearings capable of withstanding harsh operational conditions. Plain bearings, while not as dominant as ball or roller bearings, are still in demand for specific applications where rotational movement is minimal. In Canada, these bearings are commonly used in conveyor systems, agricultural machinery, and various types of industrial equipment that require straightforward solutions for reducing friction. The other category includes specialized bearings such as magnetic bearings, fluid bearings, and disc harrow bearings, which are finding growing applications in industries like renewable energy and advanced manufacturing. Magnetic bearings are particularly useful in high-speed machinery, including wind turbines, which are gaining traction in Canada as the country pushes for more renewable energy sources. Fluid bearings are being used in some high-end machinery, while disc harrow bearings are critical in Canada’s agricultural sector, where efficient machinery is essential for large-scale farming operations. The unmounted bearings currently hold the largest share within the installation category in the Canadian bearing market. Unmounted bearings are highly valued for their flexibility in applications requiring custom installation. In sectors such as mining, oil and gas, and agriculture, unmounted bearings are used in large, complex machinery where precision and adaptability are critical. These bearings are found in equipment such as crushers, conveyor systems, and drilling rigs, making them essential for the operation of Canada’s resource-driven industries. Mounted bearings, while smaller in comparison, are the fastest-growing segment in the country. Their popularity is driven by the rising demand for solutions that offer ease of installation and maintenance. Mounted bearings are particularly advantageous in industries like automotive, renewable energy, and automation, where machinery requires minimal downtime for repair or replacement. In Canada’s expanding renewable energy sector, particularly in wind energy, mounted bearings are increasingly used in turbines, where pre-assembled solutions reduce installation time and improve operational efficiency. In the distribution channel segment, Original Equipment Manufacturers (OEMs) dominate the Canadian market, reflecting their vital role in the mass production and integration of bearings into industrial and automotive products. Canada’s automotive industry, with its growing emphasis on electric vehicles (EVs), continues to drive significant demand for high-performance OEM bearings. Companies like Timken, SKF, and NTN are major suppliers of OEM bearings in Canada, ensuring the steady supply needed for production lines. The aftermarket segment, however, is the fastest-growing, fueled by the need for maintenance, repair, and replacement parts in Canada’s industries. With sectors like mining, construction, and agriculture relying heavily on machinery that must operate continuously, the demand for replacement bearings is substantial. Regarding materials, metal bearings, particularly chrome steel, continue to lead the market due to their widespread use in heavy-duty and high-performance applications across various industries. Chrome steel bearings are essential in applications requiring high load capacities and durability, particularly in Canada’s manufacturing and automotive industries. Stainless steel bearings are experiencing rapid growth due to their resistance to corrosion, making them highly suited for use in the oil, gas, and renewable energy sectors, where equipment often operates in harsh environments. In addition, carbon steel bearings are commonly used in general industrial machinery, while brass and other materials like plastic and ceramic are employed in niche applications, such as lightweight or high-speed machinery. In the Canadian bearing market, the industrial sector represents the largest application category, driven primarily by the country's extensive mining, construction, oil & gas, and power transmission industries. Bearings play a crucial role in the operation of machinery and equipment used in these sectors, particularly in heavy-duty applications such as mining drills, conveyors, and crushers, which are essential to Canada’s resource extraction industry. The mining industry, a key driver of Canada's economy, continues to require high-performance bearings that can withstand extreme conditions such as high temperatures and heavy loads. Similarly, the oil & gas sector, especially in Alberta, relies heavily on durable bearings for its equipment used in exploration, drilling, and transportation. Bearings are used in pumps, compressors, and turbines, which are essential to maintaining operational efficiency in these energy-intensive industries. The energy sector, particularly wind and hydropower, is experiencing significant growth in Canada, contributing to an increasing demand for bearings. Wind turbine systems in provinces like Ontario and Quebec are utilizing advanced bearing technologies that offer superior load capacity and resistance to wear, helping optimize energy generation. In addition, Canada's power transmission and distribution infrastructure, particularly in remote northern regions, relies on bearings for the continuous operation of grid equipment and machinery. In the automotive sector, the demand for bearings is significant, especially with the shift toward electric vehicles (EVs). Canada’s automotive industry, centered in Ontario, is transitioning to the production of EVs and hybrid vehicles, which require specialized bearings for electric motors, wheels, and other critical components. This trend has prompted suppliers to innovate in high-performance, energy-efficient bearing solutions to meet the evolving needs of the automotive sector. The aerospace sector, while smaller in comparison, is the fastest-growing application for bearings in Canada. As Canada’s aerospace industry continues to grow, particularly in Quebec, which is home to major players like Bombardier, there is an increasing need for bearings that can perform at high speeds and under extreme conditions. Bearings are essential components in aircraft engines, landing gear systems, and other aerospace machinery, where precision and reliability are critical. Other industries such as agriculture and railway also contribute to bearing demand, albeit to a lesser extent. In agriculture, bearings are used in machinery like tractors, combines, and plows, which are critical to Canada’s vast agricultural sector. The railway industry, with its extensive network across the country, relies on bearings in trains and infrastructure, ensuring smooth and efficient operations.

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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.