Asia Pacific Needle Roller Bearings Market (2022-2028) | Share, Growth, Revenue, Outlook, Size, Industry, Forecast, Analysis, Trends, Value & COVID-19 IMPACT

Asia Pacific Needle Roller Bearings Market Synopsis

Asia Pacific needle roller bearings market growth is fuelled by increasing demand for machine tools, automotive components and home appliances which would result in increased demand for mechanical parts like needle roller bearings. Needle roller bearings are bearings with cylindrical rollers that are small in diameter relative to their length. The modified roller/raceway profile prevents stress peaks to extend bearing service life. 

According to 6Wresearch, the Asia Pacific Needle Roller Bearings Market size is expected to grow during 2022-2028. The Asia Pacific region is anticipated to witness high growth owing to the increasing demand from end-use industries, such as automotive and machinery, in countries, such as China, India, and Japan. The automotive industry in the Asia Pacific region is expected to grow at a rapid pace owing to the increasing sales of passenger cars and commercial vehicles. Moreover, the increasing investment by Original Equipment Manufacturers (OEMs) in the region is anticipated to fuel the market growth over the forecast period.

Needle roller bearings are extensively used in various automotive applications such as transmissions, axles, and wheels. These bearings offer high load carrying capacity and can operate at high speeds. Moreover, they are available in different sizes and designs to meet the specific requirements of the automotive industry.

Moreover, the rising population and rapid economic development in countries, such as China and India, are also some of the key factors fuelling the market growth in this region.

Market Analysis Based on Countries 

Based on Countries, China is estimated to be the largest market for needle roller bearings in Asia Pacific due to the presence of a large number of manufacturing companies in the country. Moreover, the country witnesses a high demand for automobiles, which is expected to propel the Asia Pacific needle roller bearings market revenue.

The Chinese bearing industry has been growing at a rapid pace in recent years with an annual average growth rate of 20%. The country has become one of the leading manufacturers and exporters of bearings in the world. In China, more than 50% of the bearings are used in automobiles followed by general machinery, railway & metallurgy, engineering & construction machinery, and others. The Chinese bearing industry is expected to maintain its leading position in both production and consumption globally.

In India, needle roller bearings are used extensively in two-wheelers due to their compact size and high load carrying capacity. Moreover, these bearings offer smoother running even at high speeds and have low noise levels as compared to other types of bearings used in two-wheelers. Additionally, they provide better fuel efficiency due to lower friction levels. 

Market Analysis based on Type

There are two types of needle roller bearings: drawn cup and solid radial bearings. Drawn cup needle roller bearings are available with open ends and closed ends. They comprise thin walled, drawn outer cups and a needle assembly inserted in the outer cups. Solid radial needle roller bearings have either a stamped or machined cage that retains and spaces the rollers. 

Market Analysis based on Application

Needle roller bearings are used in a wide range of applications such as automotive, aerospace, and construction. The Asia Pacific Needle Roller Bearings is driven by rising demand from automotive industry. The automotive industry is the largest application segment for needle roller bearing market The growth of this sector can be attributed to rapid economic development, growing population, and changing lifestyles in the region. The other major industries that use needle roller bearings include aerospace & defence, construction equipment, electrical equipment, machine tools, metallurgical machinery, pumps & compressors among others. 

Impact of COVID-19 on the Asia Pacific Needle Roller Bearings Market

The Pandemic has affected the growth of almost every market due to the imposing of lockdown by the government. Moreover, the automobile industry also suffered a major downturn due to the surging cases of coronavirus. Other major industries have also reduced the demand for roller bearing to a great extent. This has resulted in a fall for the Global Needle Roller Bearings Market.

Key Players in the Asia Pacific Needle Roller Bearings Market 

Some of the key companies operating in the Asia Pacific Needle Roller Bearings Market Share are:

• JTEKT Corporation
• NSK Ltd.
• NTN Corporation
• Schaeffler AG
• The Timken Company
• ZWZ Bearings

These companies have a strong presence in the region and hold a significant share in the overall market. They are well-established and have a wide product range that caters to the needs of various industries.

Key Attractiveness of the Report

• COVID-19 Impact on the Market.
• 10 Years Market Numbers.
• Historical Data Starting from 2018 to 2021.
• Base Year: 2021.
• Forecast Data until 2028.
• Key Performance Indicators Impacting the Market.
• Major Upcoming Developments and Projects.

Key Highlights of the Report:

• Asia Pacific Needle Roller Bearings Market Outlook
• Market Size of Asia Pacific Needle Roller Bearings Market, 2021
• Forecast of Asia Pacific Needle Roller Bearings Market, 2028
• Historical Data and Forecast of Asia Pacific Needle Roller Bearings Revenues & Volume for the Period 2018 - 2028
• Asia Pacific Needle Roller Bearings Market Trend Evolution
• Asia Pacific Needle Roller Bearings Market Drivers and Challenges
• Asia Pacific Needle Roller Bearings Price Trends
• Asia Pacific Needle Roller Bearings Porter's Five Forces
• Asia Pacific Needle Roller Bearings Industry Life Cycle
• Historical Data and Forecast of Asia Pacific Needle Roller Bearings Market Revenues & Volume By Type for the Period 2018 - 2028
• Historical Data and Forecast of Asia Pacific Needle Roller Bearings Market Revenues & Volume By Radial Needle Roller for the Period 2018 - 2028
• Historical Data and Forecast of Asia Pacific Needle Roller Bearings Market Revenues & Volume By Drawn Cup Needle Roller for the Period 2018 - 2028
• Historical Data and Forecast of Asia Pacific Needle Roller Bearings Market Revenues & Volume By Heavy-duty Needle Roller for the Period 2018 - 2028
• Historical Data and Forecast of Asia Pacific Needle Roller Bearings Market Revenues & Volume By Track Roller for the Period 2018 - 2028
• Historical Data and Forecast of Asia Pacific Needle Roller Bearings Market Revenues & Volume By Thrust Needle Roller for the Period 2018 - 2028
• Historical Data and Forecast of Asia Pacific Needle Roller Bearings Market Revenues & Volume By Combined Radial for the Period 2018 - 2028
• Historical Data and Forecast of Asia Pacific Needle Roller Bearings Market Revenues & Volume By Drawn Cup Roller for the Period 2018 - 2028
• Historical Data and Forecast of China Needle Roller Bearings Market Revenues & Volume By Type for the Period 2018 - 2028
• Historical Data and Forecast of China Needle Roller Bearings Market Revenues & Volume By Radial Needle Roller for the Period 2018 - 2028
• Historical Data and Forecast of China Needle Roller Bearings Market Revenues & Volume By Drawn Cup Needle Roller for the Period 2018 - 2028
• Historical Data and Forecast of China Needle Roller Bearings Market Revenues & Volume By Heavy-duty Needle Roller for the Period 2018 - 2028
• Historical Data and Forecast of China Needle Roller Bearings Market Revenues & Volume By Track Roller for the Period 2018 - 2028
• Historical Data and Forecast of China Needle Roller Bearings Market Revenues & Volume By Thrust Needle Roller for the Period 2018 - 2028
• Historical Data and Forecast of China Needle Roller Bearings Market Revenues & Volume By Combined Radial for the Period 2018 - 2028
• Historical Data and Forecast of China Needle Roller Bearings Market Revenues & Volume By Drawn Cup Roller for the Period 2018 - 2028
• Historical Data and Forecast of India Needle Roller Bearings Market Revenues & Volume By Type for the Period 2018 - 2028
• Historical Data and Forecast of India Needle Roller Bearings Market Revenues & Volume By Radial Needle Roller for the Period 2018 - 2028
• Historical Data and Forecast of India Needle Roller Bearings Market Revenues & Volume By Drawn Cup Needle Roller for the Period 2018 - 2028
• Historical Data and Forecast of India Needle Roller Bearings Market Revenues & Volume By Heavy-duty Needle Roller for the Period 2018 - 2028
• Historical Data and Forecast of India Needle Roller Bearings Market Revenues & Volume By Track Roller for the Period 2018 - 2028
• Historical Data and Forecast of India Needle Roller Bearings Market Revenues & Volume By Thrust Needle Roller for the Period 2018 - 2028
• Historical Data and Forecast of India Needle Roller Bearings Market Revenues & Volume By Combined Radial for the Period 2018 - 2028
• Historical Data and Forecast of India Needle Roller Bearings Market Revenues & Volume By Drawn Cup Roller for the Period 2018 - 2028
• Historical Data and Forecast of Japan Needle Roller Bearings Market Revenues & Volume By Type for the Period 2018 - 2028
• Historical Data and Forecast of Japan Needle Roller Bearings Market Revenues & Volume By Radial Needle Roller for the Period 2018 - 2028
• Historical Data and Forecast of Japan Needle Roller Bearings Market Revenues & Volume By Drawn Cup Needle Roller for the Period 2018 - 2028
• Historical Data and Forecast of Japan Needle Roller Bearings Market Revenues & Volume By Heavy-duty Needle Roller for the Period 2018 - 2028
• Historical Data and Forecast of Japan Needle Roller Bearings Market Revenues & Volume By Track Roller for the Period 2018 - 2028
• Historical Data and Forecast of Japan Needle Roller Bearings Market Revenues & Volume By Thrust Needle Roller for the Period 2018 - 2028
• Historical Data and Forecast of Japan Needle Roller Bearings Market Revenues & Volume By Combined Radial for the Period 2018 - 2028
• Historical Data and Forecast of Japan Needle Roller Bearings Market Revenues & Volume By Drawn Cup Roller for the Period 2018 - 2028
• Historical Data and Forecast of Australia Needle Roller Bearings Market Revenues & Volume By Type for the Period 2018 - 2028
• Historical Data and Forecast of Australia Needle Roller Bearings Market Revenues & Volume By Radial Needle Roller for the Period 2018 - 2028
• Historical Data and Forecast of Australia Needle Roller Bearings Market Revenues & Volume By Drawn Cup Needle Roller for the Period 2018 - 2028
• Historical Data and Forecast of Australia Needle Roller Bearings Market Revenues & Volume By Heavy-duty Needle Roller for the Period 2018 - 2028
• Historical Data and Forecast of Australia Needle Roller Bearings Market Revenues & Volume By Track Roller for the Period 2018 - 2028
• Historical Data and Forecast of Australia Needle Roller Bearings Market Revenues & Volume By Thrust Needle Roller for the Period 2018 - 2028
• Historical Data and Forecast of Australia Needle Roller Bearings Market Revenues & Volume By Combined Radial for the Period 2018 - 2028
• Historical Data and Forecast of Australia Needle Roller Bearings Market Revenues & Volume By Drawn Cup Roller for the Period 2018 - 2028
• Historical Data and Forecast of Indonesia Needle Roller Bearings Market Revenues & Volume By Type for the Period 2018 - 2028
• Historical Data and Forecast of Indonesia Needle Roller Bearings Market Revenues & Volume By Radial Needle Roller for the Period 2018 - 2028
• Historical Data and Forecast of Indonesia Needle Roller Bearings Market Revenues & Volume By Drawn Cup Needle Roller for the Period 2018 - 2028
• Historical Data and Forecast of Indonesia Needle Roller Bearings Market Revenues & Volume By Heavy-duty Needle Roller for the Period 2018 - 2028
• Historical Data and Forecast of Indonesia Needle Roller Bearings Market Revenues & Volume By Track Roller for the Period 2018 - 2028
• Historical Data and Forecast of Indonesia Needle Roller Bearings Market Revenues & Volume By Thrust Needle Roller for the Period 2018 - 2028
• Historical Data and Forecast of Indonesia Needle Roller Bearings Market Revenues & Volume By Combined Radial for the Period 2018 - 2028
• Historical Data and Forecast of Indonesia Needle Roller Bearings Market Revenues & Volume By Drawn Cup Roller for the Period 2018 - 2028
• Historical Data and Forecast of Philippines Needle Roller Bearings Market Revenues & Volume By Type for the Period 2018 - 2028
• Historical Data and Forecast of Philippines Needle Roller Bearings Market Revenues & Volume By Radial Needle Roller for the Period 2018 - 2028
• Historical Data and Forecast of Philippines Needle Roller Bearings Market Revenues & Volume By Drawn Cup Needle Roller for the Period 2018 - 2028
• Historical Data and Forecast of Philippines Needle Roller Bearings Market Revenues & Volume By Heavy-duty Needle Roller for the Period 2018 - 2028
• Historical Data and Forecast of Philippines Needle Roller Bearings Market Revenues & Volume By Track Roller for the Period 2018 - 2028
• Historical Data and Forecast of Philippines Needle Roller Bearings Market Revenues & Volume By Thrust Needle Roller for the Period 2018 - 2028
• Historical Data and Forecast of Philippines Needle Roller Bearings Market Revenues & Volume By Combined Radial for the Period 2018 - 2028
• Historical Data and Forecast of Philippines Needle Roller Bearings Market Revenues & Volume By Drawn Cup Roller for the Period 2018 - 2028
• Historical Data and Forecast of Malaysia Needle Roller Bearings Market Revenues & Volume By Type for the Period 2018 - 2028
• Historical Data and Forecast of Malaysia Needle Roller Bearings Market Revenues & Volume By Radial Needle Roller for the Period 2018 - 2028
• Historical Data and Forecast of Malaysia Needle Roller Bearings Market Revenues & Volume By Drawn Cup Needle Roller for the Period 2018 - 2028
• Historical Data and Forecast of Malaysia Needle Roller Bearings Market Revenues & Volume By Heavy-duty Needle Roller for the Period 2018 - 2028
• Historical Data and Forecast of Malaysia Needle Roller Bearings Market Revenues & Volume By Track Roller for the Period 2018 - 2028
• Historical Data and Forecast of Malaysia Needle Roller Bearings Market Revenues & Volume By Thrust Needle Roller for the Period 2018 - 2028
• Historical Data and Forecast of Malaysia Needle Roller Bearings Market Revenues & Volume By Combined Radial for the Period 2018 - 2028
• Historical Data and Forecast of Malaysia Needle Roller Bearings Market Revenues & Volume By Drawn Cup Roller for the Period 2018 - 2028
• Historical Data and Forecast of Rest of Asia Needle Roller Bearings Market Revenues & Volume By Type for the Period 2018 - 2028
• Historical Data and Forecast of Rest of Asia Needle Roller Bearings Market Revenues & Volume By Radial Needle Roller for the Period 2018 - 2028
• Historical Data and Forecast of Rest of Asia Needle Roller Bearings Market Revenues & Volume By Drawn Cup Needle Roller for the Period 2018 - 2028
• Historical Data and Forecast of Rest of Asia Needle Roller Bearings Market Revenues & Volume By Heavy-duty Needle Roller for the Period 2018 - 2028
• Historical Data and Forecast of Rest of Asia Needle Roller Bearings Market Revenues & Volume By Track Roller for the Period 2018 - 2028
• Historical Data and Forecast of Rest of Asia Needle Roller Bearings Market Revenues & Volume By Thrust Needle Roller for the Period 2018 - 2028
• Historical Data and Forecast of Rest of Asia Needle Roller Bearings Market Revenues & Volume By Combined Radial for the Period 2018 - 2028
• Historical Data and Forecast of Rest of Asia Needle Roller Bearings Market Revenues & Volume By Drawn Cup Roller for the Period 2018 - 2028
• Historical Data and Forecast of Asia Pacific Needle Roller Bearings Market Revenues & Volume By Application for the Period 2018 - 2028
• Historical Data and Forecast of Asia Pacific Needle Roller Bearings Market Revenues & Volume By Automotive for the Period 2018 - 2028
• Historical Data and Forecast of Asia Pacific Needle Roller Bearings Market Revenues & Volume By Heavy Machinery for the Period 2018 - 2028
• Historical Data and Forecast of Asia Pacific Needle Roller Bearings Market Revenues & Volume By Aerospace & Defence for the Period 2018 - 2028
• Historical Data and Forecast of Asia Pacific Needle Roller Bearings Market Revenues & Volume By Medical Devices for the Period 2018 - 2028
• Historical Data and Forecast of Asia Pacific Needle Roller Bearings Market Revenues & Volume By Others for the Period 2018 - 2028
• Historical Data and Forecast of China Needle Roller Bearings Market Revenues & Volume By Application for the Period 2018 - 2028
• Historical Data and Forecast of China Needle Roller Bearings Market Revenues & Volume By Automotive for the Period 2018 - 2028
• Historical Data and Forecast of China Needle Roller Bearings Market Revenues & Volume By Heavy Machinery for the Period 2018 - 2028
• Historical Data and Forecast of China Needle Roller Bearings Market Revenues & Volume By Aerospace & Defence for the Period 2018 - 2028
• Historical Data and Forecast of China Needle Roller Bearings Market Revenues & Volume By Medical Devices for the Period 2018 - 2028
• Historical Data and Forecast of China Needle Roller Bearings Market Revenues & Volume By Others for the Period 2018 - 2028
• Historical Data and Forecast of India Needle Roller Bearings Market Revenues & Volume By Application for the Period 2018 - 2028
• Historical Data and Forecast of India Needle Roller Bearings Market Revenues & Volume By Automotive for the Period 2018 - 2028
• Historical Data and Forecast of India Needle Roller Bearings Market Revenues & Volume By Heavy Machinery for the Period 2018 - 2028
• Historical Data and Forecast of India Needle Roller Bearings Market Revenues & Volume By Aerospace & Defence for the Period 2018 - 2028
• Historical Data and Forecast of India Needle Roller Bearings Market Revenues & Volume By Medical Devices for the Period 2018 - 2028
• Historical Data and Forecast of India Needle Roller Bearings Market Revenues & Volume By Others for the Period 2018 - 2028
• Historical Data and Forecast of Japan Needle Roller Bearings Market Revenues & Volume By Application for the Period 2018 - 2028
• Historical Data and Forecast of Japan Needle Roller Bearings Market Revenues & Volume By Automotive for the Period 2018 - 2028
• Historical Data and Forecast of Japan Needle Roller Bearings Market Revenues & Volume By Heavy Machinery for the Period 2018 - 2028
• Historical Data and Forecast of Japan Needle Roller Bearings Market Revenues & Volume By Aerospace & Defence for the Period 2018 - 2028
• Historical Data and Forecast of Japan Needle Roller Bearings Market Revenues & Volume By Medical Devices for the Period 2018 - 2028
• Historical Data and Forecast of Japan Needle Roller Bearings Market Revenues & Volume By Others for the Period 2018 - 2028
• Historical Data and Forecast of Australia Needle Roller Bearings Market Revenues & Volume By Application for the Period 2018 - 2028
• Historical Data and Forecast of Australia Needle Roller Bearings Market Revenues & Volume By Automotive for the Period 2018 - 2028
• Historical Data and Forecast of Australia Needle Roller Bearings Market Revenues & Volume By Heavy Machinery for the Period 2018 - 2028
• Historical Data and Forecast of Australia Needle Roller Bearings Market Revenues & Volume By Aerospace & Defence for the Period 2018 - 2028
• Historical Data and Forecast of Australia Needle Roller Bearings Market Revenues & Volume By Medical Devices for the Period 2018 - 2028
• Historical Data and Forecast of Australia Needle Roller Bearings Market Revenues & Volume By Others for the Period 2018 - 2028
• Historical Data and Forecast of Indonesia Needle Roller Bearings Market Revenues & Volume By Application for the Period 2018 - 2028
• Historical Data and Forecast of Indonesia Needle Roller Bearings Market Revenues & Volume By Automotive for the Period 2018 - 2028
• Historical Data and Forecast of Indonesia Needle Roller Bearings Market Revenues & Volume By Heavy Machinery for the Period 2018 - 2028
• Historical Data and Forecast of Indonesia Needle Roller Bearings Market Revenues & Volume By Aerospace & Defence for the Period 2018 - 2028
• Historical Data and Forecast of Indonesia Needle Roller Bearings Market Revenues & Volume By Medical Devices for the Period 2018 - 2028
• Historical Data and Forecast of Indonesia Needle Roller Bearings Market Revenues & Volume By Others for the Period 2018 - 2028
• Historical Data and Forecast of Philippines Needle Roller Bearings Market Revenues & Volume By Application for the Period 2018 - 2028
• Historical Data and Forecast of Philippines Needle Roller Bearings Market Revenues & Volume By Automotive for the Period 2018 - 2028
• Historical Data and Forecast of Philippines Needle Roller Bearings Market Revenues & Volume By Heavy Machinery for the Period 2018 - 2028
• Historical Data and Forecast of Philippines Needle Roller Bearings Market Revenues & Volume By Aerospace & Defence for the Period 2018 - 2028
• Historical Data and Forecast of Philippines Needle Roller Bearings Market Revenues & Volume By Medical Devices for the Period 2018 - 2028
• Historical Data and Forecast of Philippines Needle Roller Bearings Market Revenues & Volume By Others for the Period 2018 - 2028
• Historical Data and Forecast of Malaysia Needle Roller Bearings Market Revenues & Volume By Application for the Period 2018 - 2028
• Historical Data and Forecast of Malaysia Needle Roller Bearings Market Revenues & Volume By Automotive for the Period 2018 - 2028
• Historical Data and Forecast of Malaysia Needle Roller Bearings Market Revenues & Volume By Heavy Machinery for the Period 2018 - 2028
• Historical Data and Forecast of Malaysia Needle Roller Bearings Market Revenues & Volume By Aerospace & Defence for the Period 2018 - 2028
• Historical Data and Forecast of Malaysia Needle Roller Bearings Market Revenues & Volume By Medical Devices for the Period 2018 - 2028
• Historical Data and Forecast of Malaysia Needle Roller Bearings Market Revenues & Volume By Others for the Period 2018 - 2028
• Historical Data and Forecast of Rest of Asia Needle Roller Bearings Market Revenues & Volume By Application for the Period 2018 - 2028
• Historical Data and Forecast of Rest of Asia Needle Roller Bearings Market Revenues & Volume By Automotive for the Period 2018 - 2028
• Historical Data and Forecast of Rest of Asia Needle Roller Bearings Market Revenues & Volume By Heavy Machinery for the Period 2018 - 2028
• Historical Data and Forecast of Rest of Asia Needle Roller Bearings Market Revenues & Volume By Aerospace & Defence for the Period 2018 - 2028
• Historical Data and Forecast of Rest of Asia Needle Roller Bearings Market Revenues & Volume By Medical Devices for the Period 2018 - 2028
• Historical Data and Forecast of Rest of Asia Needle Roller Bearings Market Revenues & Volume By Others for the Period 2018 - 2028
• Asia Pacific Needle Roller Bearings Market - Key Performance Indicators
• Asia Pacific Needle Roller Bearings Market - Import Export Trade Statistics
• Asia Pacific Needle Roller Bearings Market - Opportunity Assessment By Countries
• Asia Pacific Needle Roller Bearings Market - Opportunity Assessment By Type
• Asia Pacific Needle Roller Bearings Market - Opportunity Assessment By Application
• Asia Pacific Needle Roller Bearings Market - Top Companies Market Share
• Asia Pacific Needle Roller Bearings Market - Top Companies Profiles
• Asia Pacific Needle Roller Bearings Market - Comparison of Players in Technical and Operating Parameters
• Asia Pacific Needle Roller Bearings Market - Strategic Recommendations

Market Covered

The report offers a comprehensive study of the subsequent market segments:

By Countries

• China
• India
• Japan
• Australia
• Indonesia
• Philippines
• Thailand
• Malaysia
• Rest Of Asia

By Type

• Radial Needle Roller
• Drawn Cup Needle Roller
• Heavy-Duty Needle Roller
• Track Roller
• Thrust Needle Roller
• Combined Radial
• Drawn Cup Roller

By Application

• Automotive
• Heavy Machinery
• Aerospace & Defence
• Medical Devices
• Others