Ball Bearing Market: Global Industry Analysis and Forecast (2021-2027) Trends, Statistics, Dynamics, Segmentation by Type, Distribution Channel, Application, and Region.

Ball Bearing Market was valued at US$ 44.2 Bn. in 2020. Global Ball Bearing Market size is estimated to grow at a CAGR of 8.32%.

Ball Bearing Market Overview:

The ball bearing is a type of rolling-element bearing, which uses balls to keep the bearing races separated. These races are commonly used to reduce friction and surface contact between moving planes. For moving machine parts, ball bearings typically fulfill three functions: they carry loads, reduce friction, and provide positioning. Ball bearing's primary function is to support radial and axial loads. Bearings are necessary for practically every application, which involves motion, and they assist reduce friction between mechanical components in a variety of industrial machinery and equipment, resulting in lower energy usage. This machine element is used in a variety of industries, including automotive, household appliances, and aerospace, as well as industrial machinery, to make highly skilled gadgets using machinery or similar motor-driven linkages. In 2019, Ball Bearings were the world's 113th most traded product and trade representing 0.18% of total world trade. Ball Bearing Market To know about the Research Methodology :- Request Free Sample Report 2020 is considered as a base year to forecast the market from 2021 to 2027. 2020’s market size is estimated on real numbers and outputs of the key players and major players across the globe. Past five years' trends are considered while forecasting the market through 2027. 2020 is a year of exception and analyzed especially with the impact of lockdown by region.

Ball Bearing Market Dynamics:

Increasing demand for precision ball bearings as a result of industrial automation is expected to raise market growth during the forecast period. Precision ball bearings have become more popular as demand from numerous industries, such as aerospace and machine tools, has increased. The growing demand for ball bearing in industrial robotics is expected to boost product demand across the globe. According to the IFR International Federation of Robotics, in 2017, 2.7 million stand-alone industrial robots were installed across the globe, an increase of 12%. The sales of new robots remain high with 373,000 units shipped globally in 2019. Demand for ball bearings is expected to fuel by cutting-edge technologies in office automation, medical equipment, and audio-visual equipment. As the demand for high-performance bearings increasing, manufacturers are incorporating advanced sensor units into their designs of ball bearings. The sensor modules help with digital monitoring of the product's axial movement, deceleration, acceleration, rotation speed, and load-carrying capacity. In addition, the Internet of Things (IoT) has aided in the adoption and continuous monitoring of connected equipment and machinery. This development also boosted the ball-bearing market growth during the forecast period. Product manufacturers are constantly working to improve product designs in order to improve performance and energy efficiency. For raceways, cages, and rolling elements, they use a unique material, as well as revised raceway profiles. Furthermore, developments in seal and lubrication technologies, as well as the use of lightweight materials in high-performance products, are providing manufacturers with enormous opportunities. The incorporation of electro-mechanical components into bearings aids in performance enhancement along with size and cost reduction.

Ball Bearing Market Segment Analysis:

Based on the Type, the Ball Bearing Market is segmented into Deep-Groove ball bearing,Angular contact ball bearing, Self-aligning ball bearing, Thrust ball bearing, and Others. The Deep-Groove ball bearing segment held the largest market share, accounting for 43.7% in 2020. Their simplicity, design, low-operating temperature, and low friction features are increasing their adoption in a wide range of end-users including automotive and electronics among others. Deep groove ball bearings' capacity to carry axial and radial loads with great durability and low maintenance time, helps them in gaining traction in agriculture, rail, and aerospace applications. Based on the Application, the Ball Bearing Market is segmented into Automotive, Electronics, Aerospace & Defense, Construction, and Others. The Automotive segment held the largest market share, accounting for 49.2% in 2020. The segment growth is attributed to growing vehicle sales along with increasing demand for automotive moving parts, which required ball bearings to function. Ball bearings are widely used in doors, wipers, bonnet hinges, and rear mirrors for the smooth functions and performance of the vehicle. More than 77,621,582 automobiles were produced around the world in 2020. For instance, Vehicle production in the United States is 15.7 million units, accounting for 20% of global output. The growing production of vehicles is boosting the ball-bearing market growth for this segment. Ball Bearing Market

Ball Bearing Market Regional Insights:

Asia Pacific region held the largest market share accounted for 40.12 % in 2020. The region’s growth is attributed to the rise of the automotive sector in several economies such as China, India, Japan, and South Korea. In 2020, the region accounted for more than half of the overall demand for bearings. Car purchases are increasing in several developing countries, including India, Indonesia, and Thailand, which is expected to help to improve the regional economy. In addition, the growing construction and mining equipment market in the region is expected to fuel the ball bearing market growth during the forecast period. North America region is expected to witness significant growth at a CAGR of 7.23% during the forecast period. The region’s growth is attributed to the growing adoption of the product in several industries, such as automotive, light and heavy industrial machines and equipment aerospace & defense, and construction industry. According to the Associated General Contractors of America, the construction industry in the United States contributes over US$ 14000 billion worth of construction every year. Several massive projects have recently been undertaken and are nearing completion. For instance, the California High-Speed Rail Project (US$ 77 billion), Sound Transit 3 (US$ 54 billion), and the Las Vegas Convention Center (US$ 52.5 billion) are undergoing projects in the US, which is expected to increase the substantial use of ball bearing product during the forecast period. Ball Bearing Market The objective of the report is to present a comprehensive analysis of the global Ball Bearing Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The reports also help in understanding the Ball Bearing Market dynamic, structure by analyzing the market segments and projecting the Ball Bearing Market size. Clear representation of competitive analysis of key players by End-Users, price, financial position, product portfolio, growth strategies, and regional presence in the Ball Bearing Market make the report investor’s guide.

Global Ball Bearing Market Scope: Inquiry Before Buying

Ball Bearing Market
Report Coverage Details
Base Year: 2020 Forecast Period: 2021-2027
Historical Data: 2016 to 2020 Market Size in 2020: US $ 44.2 Bn.
Forecast Period 2021 to 2027 CAGR: 8.32% Market Size in 2027: US $ 77.3 Bn.
Segments Covered: by Type • Deep-Groove ball bearing • Angular contact ball bearing • Self-aligning ball bearing • Thrust ball bearing • Others
by Distribution Channel • O.E.M • Retail Distribution
by Application • Automotive • Electronics • Aerospace & Defense • Construction • Others

Global Ball Bearing Market by Region

• North America • Europe • Asia Pacific • Latin America • The Middle East and Africa

Global Ball Bearing Market Key Players

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 Frequently Asked Questions: 1] What segments are covered in the Ball Bearing Market report? Ans. The segments covered in the Ball Bearing Market report are based on Type, Distribution Channel, and Application. 2] Which region is expected to hold the highest share in the Ball Bearing Market? Ans. The Asia Pacific region is expected to hold the highest share in the Ball Bearing Market. 3] What is the market size of the Ball Bearing Market by 2027? Ans. The market size of the Ball Bearing Market by 2027 is US$ 77.34 Bn. 4] What is the forecast period for the Ball Bearing Market? Ans. The forecast period for the Ball Bearing Market is 2020-2027. 5] What was the market size of the Ball Bearing Market in 2020? Ans. The market size of the Ball Bearing Market in 2020 was US$ 44.2 Bn.
1. Global Ball Bearing Market Size: Research Methodology 2. Global Ball Bearing Market Size: Executive Summary 2.1. Market Overview and Definitions 2.1.1. Introduction to Global Ball Bearing Market Size 2.2. Summary 2.2.1. Key Findings 2.2.2. Recommendations for Investors 2.2.3. Recommendations for Market Leaders 2.2.4. Recommendations for New Market Entry 3. Global Ball Bearing Market Size: Competitive Analysis 3.1. MMR Competition Matrix 3.1.1. Market Structure by region 3.1.2. Competitive Benchmarking of Key Players 3.2. Consolidation in the Market 3.2.1 M&A by region 3.3. Key Developments by Companies 3.4. Market Drivers 3.5. Market Restraints 3.6. Market Opportunities 3.7. Market Challenges 3.8. Market Dynamics 3.9. PORTERS Five Forces Analysis 3.10. PESTLE 3.11. Regulatory Landscape by region • North America • Europe • Asia Pacific • The Middle East and Africa • Latin America 3.12. COVID-19 Impact 4. Global Ball Bearing Market Size Segmentation 4.1. Global Ball Bearing Market Size, by Type (2020-2027) • Deep-Groove ball bearing • Angular contact ball bearing • Self-aligning ball bearing • Thrust ball bearing • Others 4.2. Global Ball Bearing Market Size, by End-Users (2020-2027) • O.E.M • Retail Distribution 4.3. Global Ball Bearing Market Size, by Application (2020-2027) • Automotive • Electronics • Aerospace & Defense • Construction • Others 5. North America Ball Bearing Market (2020-2027) 5.1. Global Ball Bearing Market Size, by Type (2020-2027) • Deep-Groove ball bearing • Angular contact ball bearing • Self-aligning ball bearing • Thrust ball bearing • Others 5.2. Global Ball Bearing Market Size, by Distribution Channel (2020-2027) • O.E.M • Retail Distribution 5.3. Global Ball Bearing Market Size, by Application (2020-2027) • Automotive • Electronics • Aerospace & Defense • Construction • Others 5.4. North America Ball Bearing Market, by Country (2020-2027) • United States • Canada • Mexico 6. European Ball Bearing Market (2020-2027) 6.1. European Ball Bearing Market, by Type (2020-2027) 6.2. European Ball Bearing Market, by Distribution Channel (2020-2027) 6.3. European Ball Bearing Market, by Application (2020-2027) 6.4. European Ball Bearing Market, by Country (2020-2027) • UK • France • Germany • Italy • Spain • Sweden • Austria • Rest Of Europe 7. Asia Pacific Ball Bearing Market (2020-2027) 7.1. Asia Pacific Ball Bearing Market, by Type (2020-2027) 7.2. Asia Pacific Ball Bearing Market, by Distribution Channel (2020-2027) 7.3. Asia Pacific Ball Bearing Market, by Application (2020-2027) 7.4. Asia Pacific Ball Bearing Market, by Country (2020-2027) • China • India • Japan • South Korea • Australia • ASEAN • Rest Of APAC 8. The Middle East and Africa Ball Bearing Market (2020-2027) 8.1. The Middle East and Africa Ball Bearing Market, by Type (2020-2027) 8.2. The Middle East and Africa Ball Bearing Market, by Distribution Channel (2020-2027) 8.3. The Middle East and Africa Ball Bearing Market, by Application (2020-2027) 8.4. The Middle East and Africa Ball Bearing Market, by Country (2020-2027) • South Africa • GCC • Egypt • Nigeria • Rest Of ME&A 9. Latin America Ball Bearing Market (2020-2027) 9.1. Latin America Ball Bearing Market, by Type (2020-2027) 9.2. Latin America Ball Bearing Market, by Distribution Channel (2020-2027) 9.3. Latin America Ball Bearing Market, by Application (2020-2027) 9.4. Latin America Ball Bearing Market, by Country (2020-2027) • Brazil • Argentina • Rest Of Latin America 10. Company Profile: Key players 10.1. NSK 10.1.1. Company Overview 10.1.2. Financial Overview 10.1.3. Global Presence 10.1.4. Capacity Portfolio 10.1.5. Business Strategy 10.1.6. Recent Developments 10.2. NTN 10.3. JTEKT 10.4. Schaeffler 10.5. C&U Group 10.6. Federal Moghul Holding Corporation 10.7. JTEKT Corporation 10.8. NKE AUSTRIA GmbH 10.9. SKF AB 10.10. THK Company 10.11. TIMKEN Company 10.12. Asahi Seiko 10.13. Graham Corporation 10.14. Ingersoll Rand 10.15. LYC Bearing 10.16. MinebeaMitsumi 10.17. Nachi Fujikoshi 10.18. RBC Bearings

About This Report

Report ID 22713
Category Engineering Equipment
Published Date Jan 2019
Updated Date Dec 2021
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