Machines & Equipment / Ball Bearing Market- Global Growth, Trends And Forecast (2022 - 2027) By Types, By Application, By Regions And By Key Players: BASF SE, Interplastic Corporation, ULMA Architectural Solutions, Polycare, ACO FUNKI A/S
Ball Bearing Market- Global Growth, Trends and Forecast (2022 - 2027) By Types, By Application, By Regions and By Key Players: BASF SE, Interplastic Corporation, ULMA Architectural Solutions, Polycare, ACO FUNKI A/S
Acknowledging the kind of traction gained by this market,Industry Data Analytics recently published a study report asserts the global Ball Bearing Market size is projected to accrue voluminously by 2027 registering a phenomenal CAGR of 10.2% during the review period (2022 to 2027)
Ball Bearing Market Overview
The ball bearing is a form of rolling-element bearing in which the bearing races are separated by balls. The purpose of these races is to reduce friction and surface contact between moving planes. Ball bearings serve three purposes in moving machine parts: they transport weights, reduce friction, and provide positioning. The fundamental function of a ball bearing is to support radial and axial loads.
Bearings are required in almost every application involving motion, and they help reduce friction between mechanical components in a range of industrial machinery and equipment, resulting in lower energy consumption. This machine element is utilised in a range of industries, such as automotive, home appliances, and aerospace, as well as industrial machinery, to create highly skilled gadgets employing machinery or comparable motor-driven connections. Ball Bearings were the 113th most traded product in the world in 2019, accounting for 0.18 percent of total global trade.
Who are the Major Players in Ball Bearing Market?
The global Ball Bearing includes identification and analysis of the various market participants competing in the global market. Prominent competitors include NSK, NTN, JTEKT, Schaeffler, C&U Group, Federal Moghul Holding Corporation, JTEKT Corporation, NKE AUSTRIA GmbH, SKF AB, THK Company, TIMKEN Company, Asahi Seiko, Graham Corporation, Ingersoll Rand, LYC Bearing, MinebeaMitsumi, Nachi Fujikoshi, RBC Bearings And Others.
8th Sep 2018-SKF India announces the launch of its new competitive product offering the Ball Bearing Units-UC Range India in response to the growing/ new market demand and its commitment towards locally produced products at global quality and reliability. These Ball Bearing units combine the Japanese Industrial standard (JIS) compatibility perfectly with SKF reliability.
What are the major Applications, Types and Regions for Ball Bearing Market?
Market is segmented based on the type, applications, companies and regions.
By Type, it is segmented into
Deep-Groove ball bearing
Angular contact ball bearing
Self-aligning ball bearing
Thrust ball bearing
Others
By Application, it is segmented into
Automotive
Electronics
Aerospace & Defense
Construction
Others
Ball Bearing Market Regional Analysis
Over the forecast period, Asia Pacific is expected to have the fastest-growing ball bearing market. This can be attributable to the building, mining, and automotive industries' rapid growth. The Asia Pacific market is likely to be driven by public facility enhancement initiatives in rural areas. The study estimates that the Asia Pacific construction equipment industry is worth more than USD 49 billion and is anticipated to increase in the near future.
The increased mining activity in Asia, North America, and Latin America is predicted to boost the ball bearing industry's growth. Because of huge mineral deposits, mining activity has increased across Latin America, especially Argentina, Chile, and Mexico, in recent years. For example, the Cauchar-Olaroz and Salar del Rincón lithium projects in Argentina are now under development and are valued at USD 425 million and USD 220 million, respectively.
North America
US
Canada
Europe
Germany
France
UK
Italy
Spain
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
South Korea
Rest of Asia-Pacific
Rest of the World
Middle East & Africa
Latin America
What is our Ball Bearing Market report scope?
Report Attributes
Report Details
Forecast Period 2022 to 2027 CAGR
CAGR of 10.2% over the forecast period (2022-2027)
By Type
Deep-Groove ball bearing
Angular contact ball bearing
Self-aligning ball bearing
Thrust ball bearing
Others
By Application
Automotive
Electronics
Aerospace & Defense
Construction
Others
By Companies
NSK, NTN, JTEKT, Schaeffler, C&U Group, Federal Moghul Holding Corporation, JTEKT Corporation, NKE AUSTRIA GmbH, SKF AB, THK Company, TIMKEN Company, Asahi Seiko, Graham Corporation, Ingersoll Rand, LYC Bearing, MinebeaMitsumi, Nachi Fujikoshi, RBC Bearings
Regions Covered
North America
Europe
Asia-Pacific
Rest of the World
Countries Covered
US
Canada
Germany
France
UK
Italy
Spain
Rest of Europe
China
Japan
India
Australia
South Korea
Rest of Asia-Pacific
Middle East & Africa
Latin America
Base Year
2022
Historical Year
2017 to 2021
Forecast Year
2022 to 2027
Number of Pages
135
Customization Available
Yes, the report can be customized as per your needs
Key Takeaways from this Ball Bearing Report
Evaluate Ball Bearing market potential through analyzing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level - for product types, end use applications and by different industry verticals.
Understand the different dynamics influencing the market - growth driving factors, specific challenges and hidden opportunities.
Get in-depth insights on your competitor performance – revenue, shares, business strategies, financial benchmarking, product benchmarking, SWOT analysis and more.
Analyze the sales and distribution channels across geographies to enhance top-line revenues.
Understand the demanding supply chain with a deep dive on the value augmentation at each, in order to optimize value and bring efficiencies in your processes.
Get a quick outlook on the Ball Bearing market entropy - M&A's, deals, partnerships, product launches of all key players for the past 4 years.
Evaluate the import-export statistics, supply-demand and competitive landscape for more than top 20 countries globally for the market.
Frequently Asked Questions
How do you conduct primary research interviews?
We use tools such as video conferences, telephone calls, face-to-face interviews, and questionnaires with key respondents.
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Who are the key players in Ball Bearing Market?
NSK, NTN, JTEKT, Schaeffler, C&U Group, Federal Moghul Holding Corporation, JTEKT Corporation, NKE AUSTRIA GmbH, SKF AB, THK Company, TIMKEN Company, Asahi Seiko, Graham Corporation, Ingersoll Rand, LYC Bearing, MinebeaMitsumi, Nachi Fujikoshi, RBC Bearings
What regions does this Ball Bearing Market report cover?
North America (the United States, Canada, and Mexico)
Europe (Germany, France, UK, Russia, and Italy)
Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
South America (Brazil, Argentina, Colombia, etc.)
The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)
What are the significant types of Ball Bearing Market?
All our reports are custom made to your company needs to a certain extent, we do provide 5 free consulting hours along with purchase of each report, and this will allow you to request any additional data to customize the report as your needs.
SECONDARY RESEARCH Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.
PRIMARY RESEARCH Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.
MARKET ENGINEERING The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.
EXPERT VALIDATION The market engineered data is verified and validated by a number of experts, both in-house and external.
REPORT WRITING/ PRESENTATION After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.
