Press Release
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Global Large-Scale Bearing Market Growth Driven by Innovation and Regional Expansion
Dehri, Bihar| October 2025
The global large-scale bearing market is set for significant growth, projected to reach USD 29.51 billion by 2032, expanding at a CAGR of 5.67% from its 2025 valuation of USD 20.05 billion. This momentum is fueled by industrial automation, renewable energy adoption, and infrastructure expansion worldwide, particularly in the Asia-Pacific region. A major contributor to this market is SKF, a Swedish public company founded in 1907, renowned for engineering precision-driven, heavy-duty bearing solutions. SKF’s portfolio includes slewing, magnetic, super-precision, and rolling bearings, with a focus on mining, wind energy, and industrial applications. The company is a global leader with strong sales in Asia-Pacific, Europe, and the Americas, supported by subsidiaries like Lincoln Industrial, SKF USA Inc., and Alemite LLC.
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Product Summary
|
Product Type |
Key Features / Description |
Relevance to Large Scale Bearing Market |
|
Slewing Bearings |
Designed for heavy load applications; used in cranes, wind turbines, tunnel boring machines. Types include 4-point, 8-point, triple-row, wire race, custom-built, etc. |
Core segment – Directly applicable |
|
Magnetic Bearings |
High-speed, no-contact bearings used in high-precision and vibration-sensitive environments. |
High-end industrial applications |
|
Super-Precision Bearings |
For machine tools and high-speed spindles requiring rigidity and accuracy. |
Relevant in large CNC and aerospace setups |
|
Thin Section Bearings |
Compact but suitable for specific large-diameter, space-constrained machinery. |
Niche relevance for specific industrial machinery |
|
Mounted Bearings & Housings |
Includes ball bearing units, roller bearing units, housings, and split units. Supports misalignment and heavy-duty mounting. |
Infrastructure/industrial fit |
|
Rolling Bearings |
Includes ball and roller bearings for rotating parts. Standard category for many machines. |
Widely used but not always large-scale specific |
|
Plain Bearings |
Includes spherical, radial, angular, thrust, and rod-end types for alignment & oscillating loads. |
Useful in heavy-duty linkages/arms |
Source: Primary Research, Secondary Research and Company Website
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- SKF's latest strategic collaborations are reshaping the market. In October 2024, it formed a joint venture with DMG MORI to deploy its SKF Insight™ Super-precision Bearing System in high-speed machining applications. Additionally, the June 2025 Tech & Innovation Summit marked the launch of a new generation of sustainable, high-performance products aimed at energy and heavy industries.
- Financially, SKF reported USD 9.08 billion in TTM revenue with robust profitability, and its continuous R&D investments are expected to sustain market leadership amid increasing competition from major players like Timken, NSK, Schaeffler (FAG), and NTN.
- As industries pivot to cleaner energy and smarter manufacturing, the large-scale bearing sector is witnessing rapid transformations. SKF’s commitment to innovation, sustainability, and regional growth ensures it remains at the forefront of this industrial evolution.
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Strategic Headlines – Key SKF Developments in Large-Scale Bearing Segment
|
Date |
Development Type |
Headline Summary |
Target Application / Segment |
Strategic Objective |
|
June 2025 |
Product Launch |
Heavy Industry, Energy, Manufacturing |
Promote sustainability and innovation |
|
|
October 2024 |
Joint Development |
Machine Tools, CNC Spindles |
Accelerate industrial digitization with smart bearings |
|
|
June 2023 |
Joint Venture |
Ceramic Hybrid Bearings, EVs, Aerospace |
Strengthen SKF’s advanced materials and hybrid tech capabilities |
Source: Primary Research, Secondary Research and Company Website
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