Top 10 bearings manufacturers in the world in 2022
In 2022, the global top 10 bearing manufacturers are SKF Sweden,FAG Germany,INA Germany ,TIMKEN USA INC,NSK Japan Ltd,NTN Japan Corporation,NACHI Corporation,KOYO Japan,NMB Japan,TORRINGTON USA and they are accounted for about 75% of the total market size, Chinese enterprises accounted for 20.3%, and other regions accounted for about 9%. Among the top 10 bearing enterprises, Japan occupies 5, Sweden occupies 1 , Germany and the United States each 2.Japan has a strong competitiveness in the bearing industry, Sweden's SKF (SKF) market share is the highest in the world. The world top 10 bearing groups basically monopolized the middle and high-end bearing industry.The main consumption areas of bearings in the world are Asia, Europe and North America, of which Asia accounts for about 50% and is the most important consumption area, while Europe and North America account for 25% and 20% respectively.
The world's most significant bearings sales are made by SKF Bearings in Sweden, with net sales of $9.53 billion US dollars and gross profit of $2.71 billion US dollars. And FAG Bearings is the second largest sales company in the bearing market with revenue of $1.3 billion US dollars and net income of $0.75 billion US dollars.
The world's top ten most renowned bearing brand (in terms of sales) are compared as follows:
| Globle top 10 bearings sales by company | ||||
|---|---|---|---|---|
| Company name | Factory Number | Annual Sales （Million USD） | Net Profit（Million USD） | International market share（%） |
| 1 SKF Sweden | 87 | 9530 | 2714 | 20 |
| 2 Schaeffler Group (FAG Germany) |
75 | 13852 | 1266 | 10 |
| 3 Schaeffler Group ( INA Germany) |
75 | 13852 | 1266 | 10 |
| 4NSK Japan | 28 | 7027 | 1187 | 13 |
| 5 KOYO Japan | 17 | 8000 | 269 | 7 |
| 6NTN Japan | 27 | 4300 | -3100 | 9 |
| 7NMB Japan | 22 | 2700 | 950 | 5 |
| 8TIMKEN USA | 24 | 4100 | 369 | 10 |
| 9NACHI Japan | 14 | 1400 | 120 | 3 |
| 10 TORRINGTON USA | 28 | 1000 | 700 | 3 |
Global Market
SKF Group is the world's largest bearing supplier in Western Europe, Latin America, Africa, and the Middle East, with a 33% global market share.
US Market
TIMKEN formerly had a 22 percent market share in the American market, followed by SKF Group and TORRINGTON, each with a 2% share.
Aisa Market
In Asia (except Japan), SKF Group had a 17% market share; in Japan, NSK is the largest bearing supplier, with a 2% market share; in Central Europe, Eastern Europe, and China, local bearings dominate. The factory takes up a large portion of the market.
The bearing industry has long been a specific essential component manufacturing sector. Its precision is typically measured in microns, but the modest manufacturing variation for mechanical components is generally only 0.01mm. The sound and vibration generated by the motor are primarily determined by the quality and craftsmanship of the bearing.
The swing difference and temperature rise of a high-precision machine tool spindle are more closely linked to the quality of the bearing, especially the mainframe's accuracy and performance in various high-end sectors such as communication satellites, industry, and agriculture as national defense technology. Approaches are strongly connected to life (or other variables), dependability (or other variables), and various economic indicators.
Top 10 bearings brand in the world in 2022 are listed as follows：
1.SKF bearings---The Swedish SKF Group
The Swedish SKF Group is a leading global supplier of solutions for rotating equipment. The SKF Group, based in Gothenburg, Sweden, is a leader in bearing innovation and production. To decrease friction, make things move faster, longer, cleaner, and more safely.
To achieve our goal of a connected world of dependable rotation, we strive to do it in the most efficient, productive, and sustainable way possible.
The Swedish SKF Group is a technology-leading supplier of rolling bearings, bearing housings, bearing units, seals, lubrication systems, condition monitoring, and drive and motion control products.
What should be emphasized is that SKF relies on over 80% of the steel produced in Sweden to provide high-quality raw materials, ensuring the high quality of its bearings.
And as previously said, all critical equipment is created and maintained by SKF to achieve the highest possible level of production efficiency!
Additional information:
- Manufacturing Locations:Sweden,Germany,France
- Website:https:https://www.skf.com/
- Main products:Deep groove ball bearings
Cylindrical roller bearings
Spherical roller bearings
Tapered roller bearings
Angular contact ball bearings
Needle roller bearings
Cylindrical roller thrust bearings
Self-aligning ball bearings - Customer Industries:40
- Empolyees:42,602
- Distributor:More than 17,000
2.FAG Germany bearings--- Schaeffler Germany
FAG bearings Group is a German company that specializes in the production of rolling bearings. The INA and FAG names are well-known for manufacturing high-quality rolling bearings, joint bearings, sliding bearings, and linear motion products. It delivers nearly 40,000 common goods for over 60 industrial sectors and many major automotive applications using FAG and INA technology. In the rolling bearing sector, FAG has the most complete product range on earth.
Many products in the automobile powertrain sector exhibit excellent independent innovation potential, emphasizing customers and high quality. The German Schaeffler Group is a worldwide leader in rolling bearings and linear motion products and one of the most reputable suppliers in the automotive business.
People in the importation of bearings industry understand that SKF, FAG, TIMKEN, and other European and American brands represent a symbol of high-quality bearings throughout the world.
Additional information:
- Manufacturing Locations:Germany
- Website:https:https://www.schaeffler.us/
- Main products:Deep groove ball bearings
Cylindrical roller bearings
Spherical roller bearings
Tapered roller bearings
Angular contact ball bearings
Needle roller bearings - R&D Centers:20
3.TIMKEN Bearings--- TIMKEN USA Company
TIMKEN is a well-known brand name in the United States for its expertise in friction management, metallurgy, and power transmission. We apply our creative problem-solving skills to the most complex applications worldwide, serving a wide range of clients and industries worldwide.
TIMKEN has been a global leader in bearing manufacturing for almost a century. Its high-quality bearings, steel alloys, and related products and services may be found in nearly every environment—on land, at sea, or in space.
TIMKEN's technology and products may be seen as long as equipment operation and power transmission. TIMKEN bearings produce more than 230 different bearings and 26,000 tapered roller bearings with various dimensions. These bearings are used throughout the world.
TIMKEN steel is one of the world's cleanest steels. It has been a leader in the global manufacturing sector for many years due to its massive production of tapered roller bearings.
It may be said that TIMKEN bearings make the world's equipment work more smoothly, whether it is a family car hub assembly, a roller coaster bearing repair service, or an aircraft engine shaft steel.
It's worth noting that CITIC Heavy Industries' LGMS5725 slag vertical mill was equipped with the world's most considerable tapered roller bearing and cylindrical roller bearing product combination solution provided by TIMKEN bearings.
Additional information:
- Manufacturing Locations:USA
- Website:https:https://www.timken.com
- Main products:Single row tapered roller bearings,Double row tapered roller bearings,four-row tapered roller bearings
4.NSK Bearings--- NSK Japan Ltd
In 1916, Nippon Steel Bearing Co., Ltd. was established in the village of Nakatsu, Nagano Prefecture. It is Japan's first bearing firm. It specializes in the design and manufacturing of bearings and has made significant contributions to the advancement of technology and machinery and equipment improvement. NSK's achievements in poses extend beyond Japan, with it currently ranking number one worldwide.
In 1916, Nippon NSK created the world's first ball bearings in Japan. Since then, the company has led the development of approaches in Japan. NSK now provides a comprehensive range of bearings and sells them worldwide. NSK Bearings have helped numerous sectors grow and advance mechanical engineering considerably. The firm has a significant market share in Japan and is one of the world's major bearing suppliers.
NSK expanded its bearing business through diversification into the fields of:
- automotive products
- precision machinery and parts
- mechatronic products
Since the start of the 1960s, following the creation of its first overseas sales office in Ann Arbor, Michigan, in the United States, NSK has expanded its international presence by establishing new offices worldwide.
In the 1970s, NSK established a manufacturing facility outside Sao Paulo in Brazil, followed by additional new manufacturing facilities in North America, the United Kingdom, and Asia. In the 1990s, NSK acquired UPI, the United Kingdom's major bearing maker known for its RHP brand. Increased production and sales presence in all European nations led to an enhanced market position for NSK across Europe.
NSK expanded its business rapidly in Asia in the mid-nineties. To conduct research and development, sales, and technical services locally, particularly in fast-developing markets such as China, NSK is constantly strengthening its corporate structure.
The company states that it is committed to enhancing its efforts on a business-wide basis to guarantee that the entire organization's activities are in full conformity with established rules and regulations and conducted according to the corporation's social responsibilities.
NSK aims to further improve its R&D, Manufacturing, Sales, and Management capabilities by further leveraging the potential of its global network. Japanese bearing manufacturers include NSK Seiko bearings, NTN bearings, KOYO bearings, etc. Life span, accuracy, speed, and noise are factors that determine the quality of Japanese bearings.
Additional information:
- Manufacturing Locations:Japan
- Website:https:https://www.nsk.com
- Main products:Deep groove ball bearings
Cylindrical roller bearings
Spherical roller bearings
Tapered roller bearings
Angular contact ball bearings
Needle roller bearings
5.NTN Bearings---NTN Japan Corporation
The NTN bearing is a well-known brand in the world. The NTN bearing is made in Japan. One of the world's major precision equipment manufacturers is NTN. the Bearing Company was formed in Japan in 1918 and is based in Osaka City's West District. It has 11 manufacturing plants and 25 sales offices in Japan.
In addition, there are three research institutes; 20 wholly-owned production facilities, 2 research institutes, and 48 business offices abroad. Suzuki Yassin has been the current chairperson since 2018 (Suzuki Yassin). In terms of worldwide market share, Japan's NTN Co., Ltd. is the fifth largest bearing maker.
NTN is one of the world's most precise machinery producers and one of Japan's three largest bearing firms. It established operations in China in 1971. The nanometer-level precision provided by NNTN bearings is unrivaled in the industry.
It has been utilized in orbiting satellites, air transportation, railway technology and automobiles, papermaking equipment, office equipment, and food processing. The industrial sector as a whole
The 0.01-micron accuracy of NTN's bearings is maintained through high-precision processing and testing techniques in the factory. It's all there, from essential household gadgets that need high performance and low cost to the demanding working environment.
The harsh operating condition has no boundaries until now when it comes to an aerospace rocket that uses its bearing function.
Additional information:
- Manufacturing Locations:Japan
- Website:https:https://ntnamericas.com
- Main products:Deep groove ball bearings
Cylindrical roller bearings
Spherical roller bearings
Tapered roller bearings
Angular contact ball bearings
Needle roller bearings
6.INA Germany Bearings---Schaeffler Germany Group
The Germany INA Bearing Company is part of the Schaeffler Group and makes INA bearings. Since its inception, the German INA Bearing Company has been focused on product improvement to meet client demands and provide high-quality warranties, making it the world's leading supplier of rolling bearings and a well-known automobile partner.
The company, which began as a needle roller bearing business in 1892, has grown to become a worldwide leader in the field of needle roller bearings and has branched out from there to various goods.
INA's responsibilities are worldwide development and manufacturing of rolling bearings, sliding bearings, linear motion devices, and automobile engine components. The INA brand is frequently employed to describe engines, gearboxes, and chassis in the automotive sector.
INA and FAG's industrial manufacturing departments advise on marketing for the two brands' production equipment, power transmission and iron, heavy industry, and consumer goods in production machinery, power transmission, and iron.
Additional information:
- Manufacturing Locations:Germany
- Website:https:https://www.schaeffler.us
- Main products:Needle roller bearings,Cylindrical roller bearings,Track rollers, backup rollers and cam rollers etc.
7.KOYO Japan bearings---JTEKT CORPORATION
Koyo (Koyo seiko co., LTD) was founded in 1921, is a research and development type comprehensive functional products manufacturing company in Japan, with 6557 employees.Japan KOYO SEIKO co., KOYO SEIKO for group, one of Japan's four bearing production with the production and control equipment, the world's best countries points in Japan Tokyo, nara, scene, toyohashi, takamatsu, isle and guishan eight main production plants, (all passed the ISO9001 certification), overseas crossing over Europe, Asia, the americas a number of production bases and research institutions KOYO KOYO bearing was founded in 1921, has eight plants in Japan, and point of sale, nine factories abroad, 24 point-of-sale.Japan Koyo seiko co., Koyo is a with a long history and culture, in Japan's third world integrated manufacturer of bearing products, the production of various kinds of bearings are widely used in general machinery and other industries and fields, users all over the world have high visibility and friendship between the quality of the praise.
Business project
Japan koyo seiko co., LTD business projects including bearings, automotive steering, instruments and meters, patterned constant speed universal joint, oil seal, mechanical, industrial heat treatment furnace, electronic controller, and so on.In recent years, the company has greatly improve the overseas automobile redirector, in Thailand, Malaysia, India, South Korea and China and other places has a redirector production base, to become Japan's first, the world's second-largest car steering system manufacturers.
Japan KOYO seiko strains produced tens of thousands of kinds of society KOYO bearing series of high precision, high quality products, provide relevant aerospace science and technology, computer components, motor, high speed train, the MRT train, industrial machinery, CNC lathe, high precision machine, car, motorcycle industry, steel industry...Important components, such as one of the best choice.
Additional information:
- Manufacturing Locations:Japan
- Website:https:https://koyo.jtekt.co.jp
- Main products:Needle roller bearings,Cylindrical roller bearings,Machine tools etc
8.IKO Japan bearings---IKO NIPPON THOMPSON
It's the oldest and most experienced needle roller bearing manufacturer in Japan, with a history of over 50 years. It specializes in the production of needle roller bearings and linear guides, and it is a professional bearing producer with a long history of about 50 years. It has an excellent name among consumers throughout the world.
Most IKO products are needle bearings and guide rails. With its own internal structure, the small size and lightweight mechanical design are achieved by IKO needle bearing.
The high-precision needle roller bearings that underpin the guide rail bearings add to the precision. They are manufactured with state-of-the-art machinery and equipment. The quality of the goods is examined using cutting-edge technology. The products maintain optimum performance and quality levels.
IKO Kafa's four-row cylindrical roller heavy-duty guides are world-renowned, and their products are widely used in machine tools and other industries. The IKO brand has become a worldwide marketing network to fulfill the promise of quick and easy service for customers at this point.
Additional information:
- Manufacturing LocationsJapan
- Website:https://www.ikont.com/
- Main products:Needle roller bearings etc.
9.NACHI Japan bearings--NACHI-FUJIKOSHI CORP.
NACHI has grown to become one of Japan's most well-known bearing companies. Since the company's inception in 1928, it has continued to push forward with machine expertise development. Today, the firm is a quantitative electrical-mechanical producer that offers basic facilities and components for various sectors.
NACHI aspires to "link various talents to improve skills," expanding on the focus abilities of handling materials, machine processing, accessories, and systems to stimulate complex research and development. NACHI produces high-quality goods ranging from essential ingredients to complete end items. Special steel, cutting tools, bearings, hydraulic installation, and robotic systems are high-quality NACHI products.
Additional information:
- Manufacturing Locations：Japan
- Website:https://www.nachi-fujikoshi.co.jp/
- Main products:Deep groove ball bearings
Cylindrical roller bearings
Spherical roller bearings
Tapered roller bearings，Machine tools etc.
10.NMB Japan---NMB Technologies Corporation
- Manufacturing Locations：Japan
- Website:https://nmbtc.com/
- Main products:Metric Ball BearingsMETRIC BALL BEARINGS,Mechanical Assemblies,MECHANICAL ASSEMBLIES,AutomotiveAutomotive,Turbo Bearings,AUTOMOTIVE TURBO BEARINGS
Even though the bearing sector has only been in use for 100 years, as it is connected to the national economy and people's livelihood, several nations throughout the world have not spared any effort to build their own bearing industry, and there are more than 100,000 various types of bearings available.
The "joints of high-end products" are the seemingly inconspicuous bearings, which are considered an indicator of a country's industrial might. China's middle and low-end approaches hold a significant advantage in production and sales over their global counterparts, but they fall far behind when it comes to high-end bearings. However, China has recently made significant advances in high-end bearings due to sustained study and development.