Press release
Global Ball Bearings Market 2018 – 2025: Analysis, Size, Share, Growth, Industry Report
A ball bearing is a type of rolling-element bearing that uses balls to maintain the separation between the bearing races. The purpose of a ball bearing is to reduce rotational friction and support radial and axial loads. It achieves this by using at least three races to contain the balls and transmit the loads through the balls. In most applications, one race is stationary and the other is attached to the rotating assembly. As one of the bearing races rotates it causes the balls to rotate as well. Because the balls are rolling they have a much lower coefficient of friction than if two flat surfaces were sliding against each other.
The increasing demand for ball bearings drives the market. Rising requirement for ceramic ball bearings in electric vehicles, growing investment in railways and aerospace, increasing need for wind power generations, financial growth in emerging countries and rise in need for lightweight bearings in automotive sector are main factors contributing to the growth of market. However, risk of low-cost and fake products, enlarged usage of pre-owned bearings and lack of product differentiation and Cartelization are hampering the market growth. Asia Pacific dominated the largest market share due to the increasing usage of ball bearings in automotive, textile, railway and other industrial applications in this region.
The global Ball Bearings market was xx million US$ in 2017 and is expected to xx million US$ by the end of 2025, growing at a CAGR of xx% between 2018 and 2025.
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Geographically, this report is segmented into several key regions, with sales, revenue, market share and growth Rate of Ball Bearings in these regions, from 2013 to 2025, covering
North America (United States, Canada and Mexico)
Europe (Germany, UK, France, Italy, Russia and Turkey etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil etc.)
Middle East and Africa (Egypt and GCC Countries)
The various contributors involved in the value chain of the product include manufacturers, suppliers, distributors, intermediaries, and customers. The key manufacturers in this market include
JTEKT Corporation
LYC Bearing
MinebeaMitsumi
SKF Company
NSK
Schaeffler Technologies
RBC Bearings
NTN Corporation
By the product type, the market is primarily split into
Deep-Groove Ball Bearings
Angular Contact Ball Bearings
Axial Ball Bearings
Self-Aligning Ball Bearings
Others
By the end users/application, this report covers the following segments
Heavy industry
Military
Aerospace Engineering
Automotive
General Engineering
Others
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