Bicycle Bearings Market, By Product Type, By Function, By Material, By Country, and By Region - Global Industry Analysis, Market Size, Market Share & Forecast from 2025-2032
Bicycle Bearings Market size was valued at US$ 1,876.27 Million in 2024, expanding at a CAGR of 8.7% from 2025 to 2032.
Bicycle bearings are crucial components that reduce friction in moving parts like wheels, pedals, headsets, and bottom brackets, ensuring smooth and efficient motion. They enhance performance by minimizing energy loss, improve safety through stable operation, and increase comfort with responsive handling. Bearings also distribute forces evenly, protecting components from wear and tear. Regular maintenance, including cleaning, lubrication, and timely replacement, is essential to ensure their durability and optimal performance, making them vital for a safe and efficient ride.
Bicycle Bearings Market- Market Dynamics
Growing demand for bicycles, driven by health awareness and sustainability efforts
The growing demand for bicycles is fueled by increasing health awareness, as cycling improves cardiovascular health and reduces stress, along with sustainability efforts promoting bicycles as eco-friendly transportation. Governments are also supporting this trend; for example, the European Commission reported a 37% increase in cycling in urban areas during the COVID-19 pandemic as cities invested in bike-friendly infrastructure. Technological advancements in bearings, such as lightweight materials, better sealing, and reduced friction, further enhance the efficiency and performance of bicycles, making them more appealing for fitness, commuting, and leisure, thereby boosting the demand for high-quality bearings.
Bicycle Bearings Market- Key Insights
As per the analysis shared by our research analyst, the global market is estimated to grow annually at a CAGR of around 8.7% over the forecast period (2025-2032)
Based on product type segmentation, Cartridge Bearings was predicted to show maximum market share in the year 2024
Based on Function segmentation, Rotational bearings was the leading Function in 2024
On the basis of region, North America was the leading revenue generator in 2024
Bicycle Bearings Market- Segmentation Analysis:
The Global Bicycle Bearings Market is segmented on the basis of Product Type, Function, Material, and Region.
The market is divided into five categories based on product type: Ball Bearings, Roller Bearings, Cartridge Bearings, Cup and Cone Bearings and Needle Bearings. Cartridge bearings dominate the market due to their sealed design, which protects against dirt, water, and debris, making them low-maintenance and reliable in various conditions. Their ease of installation and ability to provide smooth, efficient rotation have made them the preferred choice for modern bicycles, including high-performance models.
The market is divided into three categories based on Function: Rotational Bearings, Angular Contact Bearings and Thrust Bearings. Rotational bearings dominate the market because they are essential for smooth and efficient movement in critical bicycle components like wheels, bottom brackets, and pedals. Their ability to minimize friction and enhance power transfer makes them indispensable for both everyday cyclists and high-performance riders.
Bicycle Bearings Market- Geographical Insights
East Asia is the leading region in the bicycle bearings market mainly due to China's strong manufacturing sector and high demand for bicycles, both domestically and internationally. The region has become a key hub for bicycle production, with manufacturers focusing on producing high-quality bearings to meet the growing demand for both standard and high-performance bicycles. Additionally, the increasing trend of urbanization and the shift toward cycling as an eco-friendly mode of transportation have further fueled market growth in East Asia, making it the largest contributor to the global bicycle bearings market. North America also plays a crucial role in the global bicycle bearings market, with rising interest in cycling for fitness, commuting, and leisure purposes. The demand for high-performance bicycles, along with the increasing adoption of e-bikes, has boosted the need for advanced bearing technologies. Countries like the United States and Canada have expanded their cycling infrastructure, making cycling more accessible and encouraging more people to ride. As a result, North America is experiencing significant growth in the bicycle bearings market, driven by both traditional bicycles and the rising popularity of e-bikes, which require specialized, durable bearings for enhanced performance.
Bicycle Bearings Market- Competitive Landscape:
The bicycle bearings market is competitive, with a mix of established players and emerging companies focusing on innovations like lightweight materials, better sealing, and reduced friction to meet the demand for high-performance bicycles. Key strategies include research and development, partnerships, and acquisitions to expand product offerings and market reach, especially in regions like East Asia and North America. Niche players also cater to specific bicycle segments, such as electric bikes or racing bicycles, driving competition based on product quality, price, and brand reputation. As demand grows globally, companies are emphasizing sustainability and leveraging digital platforms for direct-to-consumer sales, further shaping the competitive landscape.
Recent Developments:
In August 2022, The new ceramic ONI bearing developed by JTEKT significantly reduces rolling resistance, offering better performance compared to previous designs, and results in improved wheel speed deceleration. Additionally, this bearing increases strength and longevity, contributing to a longer lifespan and enhanced durability, as demonstrated in testing. Notably, the ONI bearing played a role in helping a world champion win the gold medal at the Tokyo Omnium track race.
In January 2023, Fersa Group, a Spanish multinational specializing in smart mobility solutions and powertrain components, acquired a majority stake in India's Delux Bearings, a manufacturer of bearings and electromechanical actuators for various vehicle types. This strategic investment enables Fersa Group to diversify its product range, enhance production capacity, and strengthen its position in the automotive sector by leveraging Delux Bearings' expertise and facilities in India.
In January 2024, Belgian Cycling Factory, owner of Ridley and Eddy Merckx, and HMC HIVE, a Hero Motors Company, announced a strategic partnership to jointly explore business opportunities worth $36 million by 2026. This collaboration aims to expand their product ranges and develop a combined portfolio of bicycles featuring advanced designs, product features, and tech-enabled solutions, setting new benchmarks in both personal and cargo mobility.
SCOPE OF THE REPORT
The scope of this report covers the market by its major segments, which include as follows:
GLOBAL BICYCLE BEARINGS MARKET KEY PLAYERS- DETAILED COMPETITIVE INSIGHTS
SKF Group
NTN Corporation
FAG Bearings (Schaeffler Group)
Koyo Seiko Co., Ltd.
JTEKT Corporation
Mavic S.A.
Enduro Bearings
Chris King Precision Components
CeramicSpeed
Shimano, Inc.
Campagnolo S.R.L.
RBC Bearings Incorporated
Barden Corporation
Sram LLC
Hope Technology
Others
GLOBAL BICYCLE BEARINGS MARKET, BY PRODUCT TYPE- MARKET ANALYSIS, 2019 - 2032
Ball Bearings
Roller Bearings
Cartridge Bearings
Cup and Cone Bearings
Needle Bearings
GLOBAL BICYCLE BEARINGS MARKET, BY FUNCTION- MARKET ANALYSIS, 2019 - 2032
Rotational Bearings
Angular Contact Bearings
Thrust Bearings
GLOBAL BICYCLE BEARINGS MARKET, BY MATERIAL- MARKET ANALYSIS, 2019 - 2032
Steel Bearings
Ceramic Bearings
GLOBAL BICYCLE BEARINGS MARKET, BY REGION- MARKET ANALYSIS, 2019 - 2032
North America
U.S.
Canada
Europe
Germany
UK
France
Italy
Spain
The Netherlands
Sweden
Russia
Poland
Rest of Europe
Asia Pacific
China
India
Japan
South Korea
Australia
Indonesia
Thailand
Philippines
Rest of APAC
Latin America
Brazil
Mexico
Argentina
Colombia
Rest of LATAM
The Middle East and Africa
Saudi Arabia
UAE
Israel
Turkey
Algeria
Egypt
Rest of MEA
Table of Contents
1. Bicycle Bearings Market Overview
1.1. Study Scope
1.2. Market Estimation Years
2. Executive Summary
2.1. Market Snippet
2.1.1. Bicycle Bearings Market Snippet by Product Type
2.1.2. Bicycle Bearings Market Snippet by Function
2.1.3. Bicycle Bearings Market Snippet by Material
2.1.4. Bicycle Bearings Market Snippet by Country
2.1.5. Bicycle Bearings Market Snippet by Region
2.2. Competitive Insights
3. Bicycle Bearings Key Market Trends
3.1. Bicycle Bearings Market Drivers
3.1.1. Impact Analysis of Market Drivers
3.2. Bicycle Bearings Market Restraints
3.2.1. Impact Analysis of Market Restraints
3.3. Bicycle Bearings Market Opportunities
3.4. Bicycle Bearings Market Future Trends
4. Bicycle Bearings Industry Study
4.1. PEST Analysis
4.2. Porter's Five Forces Analysis
4.3. Growth Prospect Mapping
4.4. Regulatory Framework Analysis
5. Bicycle Bearings Market: Impact of Escalating Geopolitical Tensions