Product Code: ETC023039 | Publication Date: Jul 2023 | Updated Date: Aug 2025 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
The Saudi Arabia ball bearings market was valued at USD 500 million in 2025 and is expected to reach USD 689 million by 2031, registering a CAGR of 5.9% during the forecast period (2025-2031). The growing demand for automobiles and other automotive components such as engine parts, gear boxes, drive shafts, etc. has propelled the growth of the ball bearing market in Saudi Arabia. Moreover, technological advancements resulting in heavier load capacity and various features like corrosion resistance have resulted in an increased adoption rate among end users across multiple industrial segments including automotive and aerospace sectors. Furthermore, rising production activities due to increasing oil & gas exploration activities along with related infrastructure developments are likely to boost the demand for ball bearings from various industries operating within regions such as Riyadh Province, Eastern Province & Central Region boosting their respective markets over the coming years.
With increasing disposable income levels amongst individuals coupled with rising urbanization trends have led to a surge in demand for automobiles across many countries around globe including Saudi Arabia. This has consequently driven up the sales of automobile components which includes various types of bearings used in engines and other parts which are further propelling growth prospects associated with global ball bearing industry during 2025-2031 timeframe. Growing government initiatives towards expanding economic opportunities throughout country??s major provinces such as Riyadh province & eastern province through extensive infrastructural development programmes have provided strong impetus to market??s revenue generation capabilities near future timeline thereby driving its overall business outlook positively ahead into next half decade or so.
In order to ensure smooth functioning over extended periods timeframes without any issues; longer installation processes involving higher cost allocations may be required while deploying these equipment??s within manufacturing plants leading customers choosing cheaper alternatives available within marketplace not only reducing customer loyalty but also hindering short term profitability goals associated involved companies.
However, the COVID-19 pandemic has had a negative impact on manufacturing activities in Saudi Arabia due to lockdowns imposed across several cities combined with travel restrictions leading to supply chain disruptions. This situation is expected to result in lower production rates while creating financial strains among key players thus impacting negatively on their revenues. Nevertheless, the market is anticipated to register a positive outlook once normalcy returns post pandemic since there will be increased customer demands from various end use industries kept suppressed during lockdown periods.
Some key players operating in the Saudi Arabia Ball Bearing market include NSK Ltd., Schaeffler AG, JTEKT Corporation, NTN Corporation, MinebeaMitsumi Inc., NACHI-FUJIKOSHI CORP., SKF AB (publ), Timken Company etc
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Saudi Arabia Ball Bearings Market Overview |
3.1 Saudi Arabia Country Macro Economic Indicators |
3.2 Saudi Arabia Ball Bearings Market Revenues & Volume, 2021 & 2031F |
3.3 Saudi Arabia Ball Bearings Market - Industry Life Cycle |
3.4 Saudi Arabia Ball Bearings Market - Porter's Five Forces |
3.5 Saudi Arabia Ball Bearings Market Revenues & Volume Share, By Product, 2021 & 2031F |
3.6 Saudi Arabia Ball Bearings Market Revenues & Volume Share, By End-user, 2021 & 2031F |
4 Saudi Arabia Ball Bearings Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for ball bearings in the automotive sector due to growth in vehicle production and sales in Saudi Arabia. |
4.2.2 Rapid industrialization and growth of manufacturing sectors in the country leading to higher demand for ball bearings. |
4.2.3 Technological advancements in ball bearing materials and design driving innovation and product development in the market. |
4.3 Market Restraints |
4.3.1 Fluctuations in raw material prices impacting the production costs of ball bearings. |
4.3.2 Intense competition from international ball bearing manufacturers affecting the market share of local companies. |
4.3.3 Economic uncertainties and geopolitical factors influencing investment decisions and overall market growth. |
5 Saudi Arabia Ball Bearings Market Trends |
6 Saudi Arabia Ball Bearings Market, By Types |
6.1 Saudi Arabia Ball Bearings Market, By Product |
6.1.1 Overview and Analysis |
6.1.2 Saudi Arabia Ball Bearings Market Revenues & Volume, By Product, 2021-2031F |
6.1.3 Saudi Arabia Ball Bearings Market Revenues & Volume, By Deep groove, 2021-2031F |
6.1.4 Saudi Arabia Ball Bearings Market Revenues & Volume, By Angular contact, 2021-2031F |
6.1.5 Saudi Arabia Ball Bearings Market Revenues & Volume, By Self-aligning, 2021-2031F |
6.1.6 Saudi Arabia Ball Bearings Market Revenues & Volume, By Others, 2021-2031F |
6.2 Saudi Arabia Ball Bearings Market, By End-user |
6.2.1 Overview and Analysis |
6.2.2 Saudi Arabia Ball Bearings Market Revenues & Volume, By Automotive industry, 2021-2031F |
6.2.3 Saudi Arabia Ball Bearings Market Revenues & Volume, By Heavy industry, 2021-2031F |
6.2.4 Saudi Arabia Ball Bearings Market Revenues & Volume, By Aerospace and railway industry, 2021-2031F |
6.2.5 Saudi Arabia Ball Bearings Market Revenues & Volume, By Others, 2021-2031F |
7 Saudi Arabia Ball Bearings Market Import-Export Trade Statistics |
7.1 Saudi Arabia Ball Bearings Market Export to Major Countries |
7.2 Saudi Arabia Ball Bearings Market Imports from Major Countries |
8 Saudi Arabia Ball Bearings Market Key Performance Indicators |
8.1 Average selling price of ball bearings in the Saudi Arabian market. |
8.2 Number of new product launches and innovations in the ball bearings segment. |
8.3 Adoption rate of advanced ball bearing technologies in key industries such as automotive, aerospace, and industrial machinery in Saudi Arabia. |
9 Saudi Arabia Ball Bearings Market - Opportunity Assessment |
9.1 Saudi Arabia Ball Bearings Market Opportunity Assessment, By Product, 2021 & 2031F |
9.2 Saudi Arabia Ball Bearings Market Opportunity Assessment, By End-user, 2021 & 2031F |
10 Saudi Arabia Ball Bearings Market - Competitive Landscape |
10.1 Saudi Arabia Ball Bearings Market Revenue Share, By Companies, 2024 |
10.2 Saudi Arabia Ball Bearings Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |