Ceramic Ball Bearings Market Overview
According to the latest report by IMARC Group, titled “Ceramic Ball Bearings Market: Global Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” the global ceramic ball bearings market size reached US$ 1,132 Million in 2021. Looking forward, the market value is projected to reach US$ 1,752 Million by 2027, expanding at a CAGR of 7.4% during the forecast period (2022-2027). Ceramic ball bearings are rolling elements that utilize ceramic balls to maintain an appropriate gap between their movable parts. It comprises a ferrous inner and outer ring or race with ceramic balls in place of steel. Ceramic offers several advantages over steel, such as higher speed, increased stiffness, lower friction, and acceleration capability. These balls are made from ceramic silicon nitride, which offers hardness, excellent electrical insulation, and thermal properties. As a result, these bearings are widely employed in the production of automobiles, aircraft and medical equipment.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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Global Ceramic Ball Bearings Market Trends:
The global market is primarily driven by the increasing demand for commercial vehicles, passenger cars, and numerous automobile components across the globe. Furthermore, rapid technological advancements to develop products with lightweight materials and lubrication and seal technologies to improve the efficiency and performance of ball bearings are creating a positive outlook for the market. Apart from this, the widespread adoption of hybrid ceramic ball bearings in various applications due to their better strength and toughness is propelling the market growth.
Ceramic Ball Bearings Market 2022-2027 Analysis and Segmentation:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
- AB SFK
- NSK Ltd.
- NTN Corporation
- Ortech Incorporated
- Shanghai Lily Bearing Manufacturing Co. Ltd.
- Boca Bearings, Inc.
- GMN Bearing USA Ltd.
- JTEKT Corporation
Breakup by Raw Material:
- Zirconium Oxide
- Silicon Nitride
Based on the raw material, the market has been classified into zirconium oxide, silicon nitride and others. At present, silicon nitride dominates the market as it is relatively more durable.
Breakup by Product Type:
- Hybrid Ceramic Ball Bearings
- Full Ceramic Ball Bearings
On the basis of the product type, the market has been bifurcated into hybrid and full ceramic ball bearings. Presently, hybrid ceramic ball bearings hold the largest market share.
Breakup by Application:
- Electric Motor
- Under Water Equipment
- Laboratory Equipment
Based on the application, the market has been segmented into electric motors, automobiles, underwater equipment, laboratory equipment, aerospace, and others. Amongst these, electric motors account for majority of the total global market.
Breakup by Region:
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Region-wise, the United States enjoys the leading position in the market. Other major regions include China, Europe, Japan, India and South-East Asia.
Key highlights of the Report:
- Market Performance (2016-2021)
- Market Outlook (2022- 2027)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- Comprehensive Mapping of the Competitive Landscape
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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.
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