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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Competitive Landscape
The report gives a detailed analysis of the following key players in the global ball bearing market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
- NTN Bearing Corporation
- The Timken Company
- Schaeffler Group
- Jtekt Corporation
- SKF
- Others
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
Ball Bearing Market Report Snapshots
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
In 2023, the global ball bearing market attained a value of almost USD 41.77 billion.
The market is expected to grow at a CAGR of 4.5% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach around USD 61.99 billion by 2032.
The major drivers of the market are growing use of ceramic balls in applications requiring high-grade electrical insulation, rising disposable incomes, rapid urbanisation, growing living standards, and increasing investments in rail and aerospace industries.
The increasing generation of wind power, favourable policies by various governments, and the growing electrification of vehicles are expected to be key trends guiding the growth of the market.
The major regions in the market are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
Various applications of ball bearings in the market are automobile, general engineering, mining and construction, railways, aerospace, and shipping, and agriculture, among others.
The key players in the global ball bearing market are NTN Bearing Corporation, The Timken Company, Schaeffler Group, Jtekt Corporation, and SKF, among others.
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