ASEAN Bearings Market is projected to grow at a CAGR of 7.8% from 2025-2031F

Ball bearings by Product Type held the highest revenue share in ASEAN Bearings Market -6Wresearch

Ball bearings led Thailand’s bearings market due to their versatility, durability, and cost-effectiveness across key sectors such as automotive, industrial machinery, and manufacturing. Their ability to handle radial and axial loads efficiently, combined with rising machinery production and the surge in Thai BEV registrations- from 2023 to 2024- further boosted adoption, securing the highest revenue share among product type.

According to 6Wresearch, ASEAN Bearings Market is projected to grow at a CAGR of 7.8% from 2025-2031F. Between 2021 and 2024, the ASEAN bearings market witnessed notable growth, driven by regulatory reforms and increased investments in the automotive sector aimed at accelerating EV adoption. Supply chain disruptions prompted global automakers to shift production to Southeast Asian countries such as Vietnam, Thailand, and Malaysia, strengthening their local automotive industries.

Notably, Vietnam’s vehicle output reached more units in November 2024- up year-on-year. Similarly, in Malaysia, EV and HEV sales are expected to surge from 2022 to 2025, reshaping market demand. These trends, along with efforts to expand domestic manufacturing and promote electrification, have increased vehicle ownership and significantly boosted demand for bearings in both new vehicle assembly and aftermarket replacements.

Looking ahead, the ASEAN bearings market is poised for growth, driven by government initiatives focused on sustainable industrialization and energy transition. Key national agendas, such as the ASEAN Economic Community (AEC) Blueprint, Philippines AmBisyon Natin and Build program, and Vietnam’s VNEEP 3 and Power Development Plan- promote clean technologies and infrastructure. These efforts require substantial investment and private sector engagement.

Furthermore, Malaysia’s New Industrial Master Plan (NIMP) 2030 aims to cultivate an innovation-led manufacturing sector, boosting bearings demand in automotive and electronics. Meanwhile, Thailand’s upcoming National Energy Plan (NEP) targets a significant reduction in energy use by 2050 through renewables and efficiency gains. Moreover, large-scale infrastructure projects such as Thailand’s rail investments and Indonesia’s Hang Nadim Airport expansion are expected to further increase bearings demand across the transport, energy, and industrial sectors, underpinning ASEAN's broader goals for modernization and sustainable economic growth.

According to Sumit, Senior Research Analyst at 6Wresearch, the Construction and Infrastructure Management sector led the Thailand bearings market in 2024, driven by extensive government-led projects, including highways, railways, and urban development. Rising investments in industrial facilities and smart city initiatives boosted demand for heavy machinery and equipment, which rely heavily on high-performance bearings, securing the highest revenue share for this application.

ASEAN Bearings Market (2025-2031) report provides an in-depth analysis with 50 figures and 11 tables, covered in 109 pages. The report thoroughly covers the market by product type, and application. The ASEAN Bearings Market outlook report provides an unbiased and detailed analysis of the ongoing trends, opportunities/high growth areas, and market drivers, which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.