According to a recent market study published by Growth Market Reports, titled, “Tapered Rollers Market by Diameter, by Length, by End-use industry, and by Region: Size, Share, Trends and Opportunity Analysis, 2017-2032”, the market was valued at US$ 1,651.1 Million in 2023 and is anticipated to grow at a growth rate of 4.7% by the year 2032.

Tapered roller is a component of roller bearing that is designed to accommodate both radial and axial loads. It is qualified with hardness and durability. Tapered rollers play a crucial role as rolling elements within tapered roller bearings, which are carefully chosen for applications requiring the ability to carry loads in both radial and axial directions. A cold-heading process is employed to create these rollers, which involves initially shaping the rollers in a rough form. Subsequently, precise tolerances are achieved through various operations, including specialized grinding. Bearing grade chrome steel is commonly preferred as a material for tapered rollers, due to its widespread availability and exceptional mechanical properties, including high tensile strength, hardness, and resistance to wear.

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The Tapered Rollers Market has been fragmented based on by diameter, by length, by end-use industry. On the basis of diameter, the Tapered Rollers market is divided into upto 20 mm, 20-40 mm, and more than 40 mm. On the basis of length (in mm), the Tapered Rollers market is divided into up to upto 20 mm, 20-40 mm, and more than 40 mm. Based on end-use industry, Tapered Rollers market is divided into automotive, mining, aerospace, medical, construction, and others. Based on the region, market is segmented into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.

Key factors that are anticipated to fuel the demand for Tapered Rollers Market during the forecast period are the increasing investment in the automotive industry. Increasing investment in the automotive industry encourages automotive manufacturers to expand their production facilities to keep up with the increasing demand for new vehicles. This expansion necessitates the installation of new machinery and equipment, resulting in a high demand for tapered roller bearings.

The COVID-19 pandemic has left a profound impact on various industries, including those involved in manufacturing and production. Among the affected components are tapered rollers, essential elements in numerous mechanical systems. These rollers, integral to the smooth operation of machinery, have faced multifaceted challenges during these unprecedented times. Supply chain disruptions emerged as a significant issue, causing delays in the delivery of raw materials and components essential for the production of tapered rollers. Restrictions on international trade, reduced workforce capacities, and transportation limitations contributed to these disruptions, leading to production bottlenecks and increased lead times. Consequently, manufacturers were compelled to reassess their sourcing strategies and explore alternative supply options to mitigate these challenges.

As per growth market reports industry analyst Partha Paul, “Tapered roller bearings are crucial in various manufacturing operations, such as assembly lines, robotic systems, and conveying systems. They play a vital role in automotive applications, such as wheels, transmissions, and differentials. Consequently, the demand for tapered roller bearings grows proportionately with the expansion of automotive production. Similarly, the expansion of the construction industry and the rising infrastructure development projects result in a heightened requirement for construction equipment, including excavators, cranes, and loaders. This equipment heavily relies on tapered roller bearings, which play a critical role in machinery. The rising construction activities boost the demand for tapered roller bearings in construction equipment. These factor drives the market for tapered rollers.

A supply chain is a network between a company and its suppliers to manufacture and distribute particular products to the final buyers. This network includes different activities, information, entities, people, and resources. Tapered rollers, commonly used in bearings and various mechanical applications, are typically made from high-quality steel or sometimes ceramic materials. The process of manufacturing involves forging or casting the raw material into a rough shape, followed by rough machining to remove excess material. Heat treatment is then applied to enhance properties of the material. After heat treatment, the rollers undergo precision machining to achieve the desired taper and surface finish. Finally, quality control measures ensure that the tapered rollers meet the required specifications before being used in bearings or other mechanical applications.

Key Takeaways from the Study:

  • The players in the Tapered Rollers Market include Tsubaki Nakashima Co Ltd, CeramTec GmbH, NBG Co., Ltd., Bryant Products LLC, Protec, Tolia Ball & Roller LLP., Jekmin Industries, daRoller, APPLE INDUSTRIES, Hartford Technologies, Inc., KANSARA ENGINEERS PVT. LTD., and others held a major market share of the Tapered Rollers Market in the year 2023.  

  • Based on diameter, the global tapered roller market is categorized into upto 20 mm, 20-40 mm, and more than 40 mm. The upto 20 mm segment is anticipated to expand at a significant CAGR during the forecast period. The demand for small and compact machinery and devices is growing, as technology advances. Tapered rollers with diameters up to 20 mm are being optimized for use in compact applications such as micro-electromechanical systems (MEMS), robotics, and miniature motors.

  • On the basis of length, the market is divided into upto 20 mm, 20-40 mm, and more than 40 mm. The upto 20 mm segment held a substantial market share in 2023, as tapered rollers up to 20 mm in length have wide applications in different industries. Tapered rollers upto 20 mm in length are widely used in automotive components, such as steering wheels, breaks, and gears; pumps & valves; conveyor belts; quick-release couplings; and machine tooling.

  • Based on end-use industry, the global tapered roller market is categorized into automotive, mining, aerospace, medical, construction, and others. The automotive segment is anticipated to expand at a considerable CAGR during the forecast period. The automotive industry is registering significant growth globally, driven by factors such as increasing demand of vehicles, environmental concerns, and changing consumer preferences. The automotive industry heavily uses tapered roller bearings in automotive components, including transmission and wheels. This significantly boosts the demand for tapered rollers, as it is one of the important parts of tapered roller bearings. 

  • In terms of regions, the Tapered Rollers Market markets are divided into North America, Asia Pacific, Europe, Latin America, and Middle East & Africa. Asia Pacific held a significant share of the market in 2023. The market in Asia Pacific is growing at a significant rate globally. The rising production and consumption of tapered rollers in the region is driving the market. The usage of tapered roller bearings in various industries, such as automotive, aerospace, and mining, has been increasing in the region.

Report Scope:

Report Metric

Details

Market Value in 2023

US$ 1651.1 Million

Market Growth Rate (from 2023 to 2031)

 4.7%

Historical Data

2017 – 2022

Base Year

2023

Forecast Period

2024 – 2032

Units Considered

Value (US$ Million)

Market Segments

By Diameter, By Length, By End-Use Industry, And By Region

Key Companies Profiled

Tsubaki Nakashima Co Ltd, CeramTec GmbH, NBG Co., Ltd., Bryant Products LLC, Protec, Tolia Ball & Roller LLP., Jekmin Industries, daRoller, APPLE INDUSTRIES, Hartford Technologies, Inc., KANSARA ENGINEERS PVT. LTD., and others

Customization Scope

Report customization available on request

Pricing and Purchase Options

Avail of tailor-made purchase options to meet your research requirements.

Target Audience:

  • Supply-side: Manufacturer and distributors.

  • Demand Side: Tapered roller bearing manufacturing companies.

  • Regulatory Side: Concerned government authorities, and other approval regulatory bodies.

  • Associations and Industry Bodies: Foreign Direct Investment and Corporate Average Fuel Economy (CAFE) Standards - US