Market Share of Industrial Bearings Industry
The industrial bearings market is competitive in nature. Some of the significant players in the market are Rexnord Corporation, NSK Ltd, JTEKT Corporation, SKF, The Timken Company, MinebeaMitsumi Inc., RBC Bearings, and NTN Corporation, among many more.
- September 2022: The Timken Company, a provider of engineered bearings and industrial motion products, agreed to acquire GGB Bearing Technology (GGB), a division of Enpro Industries. This acquisition provides strong synergies and meaningfully expands Timken's business by adding complementary products with a solid growth outlook. GGB's leading portfolio of metal-polymer bearings will expand Timken's ability to deliver the best solution to the customers' most challenging friction management applications.
- January 2022: NSK acquired the reconditioning business operated by Alliance Bearing Repair and Reclaim LLC to expand its bearing services capabilities and lifecycle cost management offering with the new site in Alliance, Ohio. Alliance is engaged in reconditioning (remanufacture, maintenance, scrap, repair, and refurbishment) bearings for the steel, pulp and paper, energy, and mining industries. The service helps customers reduce bearing lifecycle costs, inventory burden, lead times, and carbon footprint.
Industrial Bearings Market Leaders
NSK Ltd
NTN Corporation
Rexnord Corporation
The Timken Company
SKF
*Disclaimer: Major Players sorted in no particular order
