In 2023, the import volume of balls, needles, and rollers for bearings to the US was 13.25 million kilograms. Forecasts indicate a steady increase over the next five years, with imports reaching 14.084 million kilograms by 2028. The year-on-year growth from 2024 is projected to be around 1.3% to 1.5%, highlighting a consistent upward trend. The compound annual growth rate (CAGR) over this period is approximately 1.2%.
Future trends to watch for include technological advancements in bearing materials, potential policy changes impacting import tariffs and manufacturing shifts, as well as influences from the global automotive and manufacturing sectors which drive demand for these components.
