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 valued at xxx million USD with a CAGR xx% from 2015-2019. Subsequently, it will touch xxx million USD in 2020 with a CAGR xx % from 2020 - 2026.
In the global Ball Bearings Market, This report focuses particularly in North America, South America, Europe and Asia-Pacific, and Middle East and Africa. This report classifies the Market on the basis of application, type, regions, and manufactures.
In Market segmentation by manufacturers, the report covers the following companies-
JTEKT Corporation
LYC Bearing
MinebeaMitsumi
SKF Company
NSK
Schaeffler Technologies
RBC Bearings
NTN Corporation
In Market segmentation by geographical regions, the report has analysed the following regions-
North America (USA, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
South America (Brazil, Argentina, Columbia etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
In Market segmentation by types :
Deep-Groove Ball Bearings
Angular Contact Ball Bearings
Axial Ball Bearings
Self-Aligning Ball Bearings
Others
In Market segmentation by applications :
Heavy industry
Military
Aerospace Engineering
Automotive
General Engineering
Others
The research provides answers to the following key questions:
• What is the estimated growth rate and Market share and size of the Ball Bearings Market for the forecast period 2020 - 2026?
• What are the driving forces in the Ball Bearings Market for the forecast period 2020 - 2026?
• Who are the prominent Market players and how have they gained a competitive edge over other competitors?
• What are the Market trends influencing the progress of the Ball Bearings industry worldwide?
• What are the major challenges and threats restricting the progress of the industry?
• What opportunities does the Market hold for the prominent Market players?