openPR Logo
Press release

Global Ball Bearing Market Analysis 2018 - Size, Share, Growth, Trends and Forecast Till 2023

05-23-2018 03:03 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: IMARC Group

Global Ball Bearing Market Analysis 2018 - Size, Share, Growth,

The global ball bearing market has witnessed a positive growth over the past several years. This can be accredited to their applications in wind power generation and other heavy industries, along with increased consumer preferences for motor vehicles.

According to IMARC Group’s latest report, titled “Ball Bearing Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2018-2023”, the global ball bearing market reached a volume of 33 Billion Tons in 2017. A ball bearing is a rolling-element bearing which constitutes of four major parts, namely, an outer ring, an inner ring, steel balls and a cage. It uses metal balls in the form of a ring to maintain separation between the inner and outer parts of the bearings. They are used to support rotating parts and facilitate smooth operation of machines by reducing friction. Some of the other benefits provided by ball bearings are power saving, reduction of fire hazards, enhanced production, and increased lifespan of the associated machinery. The size of the ball bearings varies depending on their applications which range from use in hard disk drives and electric fans to car axles and wheels.

Highlights of the global ball bearing market:

Demand for wind power generation remains the key growth-inducing factor.
The automobile sector is the largest end-use segment.
Asia-Pacific is the leading market for ball bearings.

The global ball bearing market is driven by the surgtr54yrbon emissions, it has resulted in a large number of wind turbine installations around the world. Additionally, rapid technological advancements have shifted consumer preferences towards electric vehicles, leading to an increased use of ball bearings in this sector. Additionally, considerable developments in railways, especially in the emerging markets such as China, India, Taiwan, South Korea, etc. has positively influenced the market. Moreover, escalated industrial activities in these regions have also contributed to the demand for ball bearings. Owing to the above-mentioned factors, the market is expected to reach a volume of 47 Billion Tons by 2023, exhibiting a CAGR of 6.2% during 2018-2023.

Read full report with TOC: https://www.imarcgroup.com/ball-bearing-market

The global ball bearing market is segmented on the basis of end-use, covering automobile, general engineering, mining and construction, railways, aerospace and shipping, and agriculture. Amongst these, the automobile sector dominates the market. On the basis of region, Asia-Pacific represents the largest market, holding the majority of the total global share. Other major regions include Europe, North America, Middle East and Africa, and Latin America. On evaluating the competitive landscape, it is found that NTN Corporation, Timken, JTEKT, SKF and Schaeffler Group are the key players operative in the market.

Request a free report sample: https://www.imarcgroup.com/request?type=report&id=852&flag=B

The report by IMARC Group has examined the global ball bearing market on the basis of:

End-use:

Automobile
General Engineering
Mining and Construction
Railways, Aerospace and Shipping
Agriculture

Region:

Asia-Pacific
Europe
North America
Middle East and Africa
Latin America

Key players:

NTN Corporation
Timken
JTEKT
SKF
Schaeffler Group

Browse related reports:

Gas Analyzer Market Research Report: https://www.imarcgroup.com/gas-analyzer-market

Cable Accessories Market Research Report: https://www.imarcgroup.com/cable-accessories-market

About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Contact us

IMARC Group
309 2nd St, Brooklyn, NY 11215, USA
Website: www.imarcgroup.com
Email: sales@imarcgroup.com
USA: +1-631-791-1145
Follow us on twitter: @imarcglobal

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Global Ball Bearing Market Analysis 2018 - Size, Share, Growth, Trends and Forecast Till 2023 here

News-ID: 1059613 • Views:

More Releases from IMARC Group

India Seafood Market Outlook 2025-2033: Key Trends, Size, Share and Growth Insights
India Seafood Market Outlook 2025-2033: Key Trends, Size, Share and Growth Insig …
As indicated in the latest market research report published by IMARC Group, titled "India Seafood Market Report by Type (Fish, Shrimps, Others), Form (Fresh/Chilled, Frozen/Canned, Processed), Distribution Channel (Off Trade, On Trade), and Region 2025-2033," this report provides an in-depth analysis of the industry, featuring insights into the market. It encompasses competitor and regional analyses, as well as recent advancements in the market. Market Size & Future Growth Potential: The India seafood
India Mutual Funds Market: Size, Share, Trends, Growth and Industry Outlook 2025-2033
India Mutual Funds Market: Size, Share, Trends, Growth and Industry Outlook 2025 …
Mutual Funds Market in India 2025: Base Year: 2024 Historical Years: 2019-2024 Forecast Years: 2025-2033 Market Size in 2024: USD 2.50 Billion Market Size in 2033: USD 5.90 Billion Market Growth Rate (CAGR) 2025-2033: 10.03% How Big is the India Mutual Funds Industry? The India mutual funds market size reached USD 2.50 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 5.90 Billion by 2033, exhibiting a growth rate (CAGR) of 10.03% during 2025-2033. Request
Dimethyl Ether Market Valuation to Reach USD 15.73 Billion by 2033 - Industry Expanding at a CAGR of 8.09%
Dimethyl Ether Market Valuation to Reach USD 15.73 Billion by 2033 - Industry Ex …
Market Overview: The dimethyl ether market is experiencing significant growth momentum, driven by increasing demand for cleaner fuel alternatives, expanding applications in various industries, and supportive government policies promoting sustainable energy solutions. According to IMARC Group's latest research publication, "Dimethyl Ether Market Size, Share, Trends and Forecast by Raw Material, Application, End-Use Industry, and Region, 2025-2033", the global dimethyl ether market size reached USD 7.22 Billion in 2024. Looking forward, IMARC
Glucometer Manufacturing Plant Report 2025: Unit Setup, Cost and Requirements, Project Economics
Glucometer Manufacturing Plant Report 2025: Unit Setup, Cost and Requirements, P …
Setting up a glucometer manufacturing plant requires thorough market research alongside a minute understanding of numerous operating factors such as unit processes, purchasing of raw materials, utility supply, infrastructure creation, equipment and technology specifications, human resource planning, logistics, and cash outlay. IMARC Group's report titled "Glucometer Manufacturing Plant Cost Analysis Report 2025: Industry Trends, Plant Setup, Machinery, Raw Materials, Investment Opportunities, Cost and Revenue" offers a comprehensive guide for establishing a

All 5 Releases


More Releases for Ball

Galaxy Ball Flying Orb Ball Reviews: 2025 Urgent Update
Recent Galaxy Ball reviews expose a striking reality: not all flying orbs are created equal. With flight times varying dramatically from 8 minutes to an impressive 45 minutes, our latest testing at https://www.verifiedreviewpro.com/best-galaxy-balls/ reveals why careful research matters more than ever. "The latest Galaxy Ball reviews highlight a growing divide in quality that every parent needs to understand," explains Dr. Sarah Martinez, Lead Product Analyst at Verified Review Pro. "While premium
10-25-2024 | Sports
Galaxy Ball
StarGlide Fly Galaxy Ball Reviews: Galaxy Ball Honest Review! MUST READ
StarGlide Fly Galaxy Ball Reviews: Galaxy Ball Honest Review! MUST READ Are you someone who easily gets bored or you are a very busy person who wouldn't want unnecessary distractions from your children while working? Do you know that the type of games your children play with or engage in can actually affect their cognitive performance? Even though it's not 100% proven, it's been an unarguable fact that as a child
Steel Ball Market Analysis By Top Keyplayers - Tsubaki Nakashima, Amatsuji Steel …
The "Steel Ball Market" is expected to reach USD xx.x billion by 2031, indicating a compound annual growth rate (CAGR) of xx.x percent from 2024 to 2031.  The market was valued at USD xx.x billion In 2023. Growing Demand and Growth Potential in the Global Steel Ball Market, 2024-2031 Verified Market Research's most recent report, "Steel Ball Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2030," provides an in-depth examination
Orbi Ball Ireland - Where to Buy Orbi Boomerang Ball in Ireland?
Orbi Boomerang Ball Ireland: Your children and family will enjoy Orbi Ball to a whole new level. It can be used in all weather conditions, both indoors and outdoors, and is safe for all. The Orbi Boomerang Ball encourages bonding, lessens boredom, enhances cognitive abilities, and develops your child's social life. Order Orbi Ball from the Official Stockists >> https://24x7deals.xyz/buy-orbi-ball The amazing characteristics of the flying ball increase its toughness, ingenuity, and
Orbi Ball Canada - Where to Buy Orbi Boomerang Ball in Canada?
Orbi Ball Reviews: The Orbi Ball is the solution you've been looking for to deal with cranky kids and dull family moments. According to the official website, it is a high-class spinner that will soar, glide, and rise in the air before returning to you like a boomerang. Buy Orbi Ball at 50 Percent Discount via the Official Website >> https://24x7deals.xyz/buy-orbi-ball Orbi Ball has stunning multicolored LED lights incorporated into it. It
Bearing Ball Market: Growth, Opportunities, Key Players & Forecast Outlook 2028 …
Infinity Business Insights publishes a report which aims to assess the Global Bearing Ball Market Research Report 2022 which includes Future Trends, Size, Share, Past, Current Data and In-depth Analysis and Forecasts, Current and Future Growth Prospects from 2022 to 2028 with Market Deciding Factors Analysis untapped potential, revenue potential, regional analysis, trends stimulating the segment's growth, product demand and consumption patterns in global markets. The impact of the COVID-19