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The increasing use of ceramic balls in applications requiring high-grade electrical insulation remains the main driver for global ball bearing market development. The change in emphasis on decreased reliance on transport using petrol or other fossil fuels has been seen in developing nations. This, combined with a rise in social consciousness, has contributed to a rise in the electric vehicle industry, which in consequence has an impact on the demand for ceramic ball bearings. Other factors driving the industry growth include growing investment in rail as well as aerospace, rising wind power output, and the need for lightweight bearings in the automotive sector. All these factors are positively impacting the growth of the industry.
*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.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Ball Bearing Market Analysis
8.1 Key Industry Highlights
8.2 Global Ball Bearing Historical Market (2018-2023)
8.3 Global Ball Bearing Market Forecast (2024-2032)
8.4 Global Ball Bearing Market by Application
8.4.1 Automobile
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 General Engineering
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.3 Mining and Construction
8.4.3.1 Historical Trend (2018-2023)
8.4.3.2 Forecast Trend (2024-2032)
8.4.4 Railways, Aerospace and Shipping
8.4.4.1 Historical Trend (2018-2023)
8.4.4.2 Forecast Trend (2024-2032)
8.4.5 Agriculture
8.4.5.1 Historical Trend (2018-2023)
8.4.5.2 Forecast Trend (2024-2032)
8.4.6 Others
8.5 Global Ball Bearing Market by Region
8.5.1 North America
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Europe
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 Asia Pacific
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.5.4 Latin America
8.5.4.1 Historical Trend (2018-2023)
8.5.4.2 Forecast Trend (2024-2032)
8.5.5 Middle East and Africa
8.5.5.1 Historical Trend (2018-2023)
8.5.5.2 Forecast Trend (2024-2032)
9 North America Ball Bearing Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Ball Bearing Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Ball Bearing Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Ball Bearing Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Ball Bearing Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.2.1 NTN Bearing Corporation
16.2.1.1 Company Overview
16.2.1.2 Product Portfolio
16.2.1.3 Demographic Reach and Achievements
16.2.1.4 Certifications
16.2.2 The Timken Company
16.2.2.1 Company Overview
16.2.2.2 Product Portfolio
16.2.2.3 Demographic Reach and Achievements
16.2.2.4 Certifications
16.2.3 Schaeffler Group
16.2.3.1 Company Overview
16.2.3.2 Product Portfolio
16.2.3.3 Demographic Reach and Achievements
16.2.3.4 Certifications
16.2.4 Jtekt Corporation
16.2.4.1 Company Overview
16.2.4.2 Product Portfolio
16.2.4.3 Demographic Reach and Achievements
16.2.4.4 Certifications
16.2.5 SKF
16.2.5.1 Company Overview
16.2.5.2 Product Portfolio
16.2.5.3 Demographic Reach and Achievements
16.2.5.4 Certifications
16.2.6 Others
17 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Ball Bearing Market: Key Industry Highlights, 2018 and 2032
2. Global Ball Bearing Historical Market: Breakup by Application (USD Billion), 2018-2023
3. Global Ball Bearing Market Forecast: Breakup by Application (USD Billion), 2024-2032
4. Global Ball Bearing Historical Market: Breakup by Region (USD Billion), 2018-2023
5. Global Ball Bearing Market Forecast: Breakup by Region (USD Billion), 2024-2032
6. North America Ball Bearing Historical Market: Breakup by Country (USD Billion), 2018-2023
7. North America Ball Bearing Market Forecast: Breakup by Country (USD Billion), 2024-2032
8. Europe Ball Bearing Historical Market: Breakup by Country (USD Billion), 2018-2023
9. Europe Ball Bearing Market Forecast: Breakup by Country (USD Billion), 2024-2032
10. Asia Pacific Ball Bearing Historical Market: Breakup by Country (USD Billion), 2018-2023
11. Asia Pacific Ball Bearing Market Forecast: Breakup by Country (USD Billion), 2024-2032
12. Latin America Ball Bearing Historical Market: Breakup by Country (USD Billion), 2018-2023
13. Latin America Ball Bearing Market Forecast: Breakup by Country (USD Billion), 2024-2032
14. Middle East and Africa Ball Bearing Historical Market: Breakup by Country (USD Billion), 2018-2023
15. Middle East and Africa Ball Bearing Market Forecast: Breakup by Country (USD Billion), 2024-2032
16. Major Importing Countries by Volume
17. Major Exporting Countries by Volume
18. Major Importing Countries by Value Million USD
19. Major Exporting Countries by Value Million USD
20. Global Ball Bearing Market Structure
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.
The global ball bearing market attained a value of USD 41.77 billion in 2023 driven by the growing investments in rail and aerospace industries. Aided by the rising adoption of electric vehicles, the market is expected to witness a further growth in the forecast period of 2024-2032, growing at a CAGR of 4.5%. The market is projected to reach USD 61.99 billion by 2032.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. On the basis of application, the automobile sector accounts for the largest share in the industry. The major regional markets for ball bearing are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa, with the Asia Pacific accounting for the largest share of the industry. The key players in the above industry include NTN Bearing Corporation, The Timken Company, Schaeffler Group, Jtekt Corporation, and SKF, among others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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