Thailand Industrial Bearings Market revenue is projected to grow at a CAGR of 7.3% during 2025-2031F

Ball bearings by Bearing Type held the highest revenue share in the Thailand Industrial Bearings Market -6Wresearch

Ball bearings held the highest share in Thailand industrial bearings market in 2024 due to their wide applicability across automotive, aerospace, manufacturing, and construction sectors. Their advantages such as low friction, high efficiency, durability, and cost-effectiveness, make them the preferred choice for machinery and equipment, supporting Thailand’s rapidly expanding industrial and aviation activities.

According to 6Wresearch, the Thailand Industrial Bearings Market revenue is projected to grow at a CAGR of 7.3% during 2025-2031F. From 2021 to 2024, the Thailand industrial bearings market has been underpinned by a historic surge in strategic foreign direct investment (FDI) and a strategic pivot in manufacturing. In 2024, the Board of Investment (BOI) reported a decade-high in investment applications, a year-on-year increase, originating from FDI.

This investment was heavily concentrated in advanced manufacturing sectors crucial for bearing demand. Electronics and Electrical Appliances (E&E) was the second-largest sector, while the Automotive sector ranked third. This capital inflow, particularly into semiconductor manufacturing, high-precision machinery, and automotive parts production, directly stimulated demand for precision industrial bearings essential for automation equipment, robotics, and production machinery, establishing a strong foundation for market growth.

According to Sumit, Senior Research Analyst at 6Wresearch, the automotive sector held the highest share in Thailand industrial bearings market in 2024 because the country is a major automotive production hub in Southeast Asia. Strong vehicle manufacturing, exports, and growing demand for vehicles drove significant bearing usage in engines, transmissions, wheels, and drivetrains, boosting the sector’s dominance.

The Thailand Industrial Bearings Market (2025-2031) report provides an in-depth analysis with 14 figures and 9 tables, covered in 66 pages. The report thoroughly covers the market by bearing type and by end-user. The Thailand Industrial Bearings Market outlook report provides an unbiased and detailed analysis of the ongoing Thailand Industrial Bearings Market 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.