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Thrust Bearings Market Forecast: What Value Will The Market Reach By 2030?
The thrust bearings market has demonstrated substantial growth in recent years. It is anticipated to increase from $3.72 billion in 2025 to $3.98 billion in 2026, recording a compound annual growth rate (CAGR) of 7.0%. This historical expansion can be ascribed to several factors, including the growth of automotive manufacturing, the expansion of industrial machinery production, the increasing use of rotating equipment, rising demand from the power generation sector, and the development of aerospace engineering applications.
The thrust bearings market size is anticipated to experience substantial growth in the next few years. It is projected to expand to $5.25 billion by 2030, achieving a compound annual growth rate (CAGR) of 7.2%. This expansion during the forecast period can be primarily attributed to the increasing production of electric vehicles, a rise in investments for renewable energy projects, growing automation within industrial equipment, the demand for energy-efficient mechanical systems, and the broader application of advanced manufacturing technologies. Key developments expected during this period include a rising demand for high load capacity thrust bearings, the growing adoption of spherical roller thrust bearings, an increasing utilization of thrust bearings in electric vehicles, their expanded use in power generation equipment, and a heightened preference for bearings offering low friction and an extended operational life.
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Thrust Bearings Market Development Factors: What’s Supporting Demand?
The expansion of the automotive sector is anticipated to drive the advancement of the thrust bearings market in the future. This sector encompasses companies involved in the design, development, manufacturing, and sale of motor vehicles. The automotive industry is gaining traction due to robust consumer demand, readily available credit, the increasing adoption of electric vehicles, and evolving consumer preferences for innovative transportation solutions. Thrust bearings are essential to the automotive sector because they support axial loads and minimize friction in key components such as transmissions and steering systems, thereby improving vehicle durability and performance. For instance, in may 2025, the Verband der Automobilindustrie, a Germany-based organization also known as the German Association of the Automotive Industry, reported that in 2023, research and development investments by German automotive companies rose by 11% year-on-year, reaching €58.4 ($63.1) billion. Consequently, the growing automotive sector is fueling the thrust bearings market.
Thrust Bearings Market Segmentation And Category Overview
The thrust bearings market covered in this report is segmented –
1) By Type: Ball Thrust Bearing, Spherical Roller Thrust Bearings, Tapered Roller Thrust Bearing
2) By Material: Stainless Steel, Ceramic
3) By Distribution Channel: Online, Offline
4) By End-User: Automotive, Power And Energy, Aerospace, Industrial, Other End Users
Subsegments:
1) By Ball Thrust Bearing: Single Row Ball Thrust Bearing, Double Row Ball Thrust Bearing
2) By Spherical Roller Thrust Bearings: Solid Spherical Roller Thrust Bearings, Split Spherical Roller Thrust Bearings
3) By Tapered Roller Thrust Bearing: Single Row Tapered Roller Thrust Bearing, Double Row Tapered Roller Thrust Bearing
Thrust Bearings Market Trends Powering Strategic Industry Growth
Leading companies within the thrust bearings market are actively focusing on the development of mounted thrust bearings to address the increasing demand for more efficient and durable components across various industrial sectors. These mounted thrust bearings, which are delivered pre-assembled and prepared for installation, offer benefits such as reduced maintenance periods, enhanced load-carrying capabilities, and better alignment. For example, in March 2024, Auburn Bearing & Manufacturing, a US-based designer and manufacturer of ball and roller thrust bearings, unveiled an MT-114RG mounted thrust bearing. This innovative bearing solution improves the flexibility of the existing T-114RG thrust bearing series by providing more straightforward installation alternatives. The MT-114RG can be effortlessly threaded onto a shaft, thereby simplifying the installation process and guaranteeing a secure placement.
Thrust Bearings Market Competitive Analysis Of Leading Industry Participants
Major companies operating in the thrust bearings market are SKF AB, The Timken Company, NSK Ltd, NTN Corporation, JTEKT Corporation, Nachi-Fujikoshi Corp., Schaeffler AG, RBC Bearings Ltd, C&U Group, ZKL Group, American Roller Bearing Company, Kingsbury Inc., Waukesha Bearings Corp., Scheerer Bearing Corporation, Boca Bearings Co. Ltd, Adarsh Bearings Pvt. Ltd, Astro Bearings Corp., Qibr Bearing Co. Ltd, NSK-RHP (NSK UK), NTN-SNR Bearings
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Thrust Bearings Market Regional Split: Which Areas Are Fueling Growth?
North America was the largest region in the thrust bearings market in 2025. The regions covered in the thrust bearings market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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Wasay has over a decade of experience in market research, data modelling, and analytics, with prior experience at GlobalData and Decision Tree Consulting Services. At The Business Research Company , he leads research operations across syndicated studies, customized consulting engagements, and the Global Market Model platform. His professional experience includes supporting organizations such as Boston Consulting Group, KPMG, and Ernst & Young. Wasay holds a degree in Electronics and Communications Engineering, postgraduate management qualifications from International Management Institute Belgium and Indian School of Business and Entrepreneurship, and completed the Integrated Program in Business Analytics from Indian Institute of Management Indore.
