According to IMARC Group, the competitive landscape of the industry has also been examined along with the profiles of the key players being
- AB SFK
- NSK Ltd.
- NTN Corporation
- Ortech Incorporated
- Shanghai Lily Bearing Manufacturing Co. Ltd.
- Boca Bearings, Inc.
- GMN Bearing USA Ltd.
- JTEKT Corporation
According to the latest report by IMARC Group, titled “Ceramic Ball Bearings Market: Global Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026,” the global ceramic ball bearings market size reached US$ 1,043.5 Million in 2020. Ceramic ball bearings are presently gaining immense preference across the globe. They offer rigidity, smoother surface, corrosion resistance, high-temperature resistance, and lower friction resistance as compared to their metallic counterparts. Additionally, ceramic ball bearings provide higher speed and acceleration capability and are widely available in various sizes, specifically designed to meet the requirements of different industries. They also assist in reducing the operational costs and the risk of costly repairs.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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Ceramic ball bearings have remarkable electrical insulation properties that reduce the risk of electrical erosion and seizure of the rolling elements. As a result, they are widely employed in the manufacturing of different automobile components. Moreover, as ball bearings are lighter and harder compared to their counterparts and can self-lubricate and operate at faster speeds, their sales are boosting around the world. Apart from this, ceramic ball bearings can perform exceptionally well when subjected to harsh conditions, such as elevated temperatures or high corrosion environments, as they can tolerate intense physical impact. This, in confluence with the increasing focus on improving the performance of ball bearings by utilizing lightweight materials, advanced seal and lubrication technologies, is fostering the growth of the market. Other major factors, such as the escalating demand for ceramic ball bearings in grinding media, valves and agitators, are anticipated to positively influence the market. Looking forward, the market value is projected to reach US$ 1,630.4 Million by 2026, expanding at a CAGR of 7.7% during the forecast period (2021-2026).
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Key Market Segmentation:
Breakup by Raw Material:
- Zirconium Oxide
- Silicon Nitride
Breakup by Product Type:
- Hybrid Ceramic Ball Bearings
- Full Ceramic Ball Bearings
Breakup by Application:
- Electric Motor
- Under Water Equipment
- Laboratory Equipment
Breakup by Region:
- Middle East and Africa
- North America
- Latin America
Key highlights of the Report:
- Market Performance
- Market Outlook
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- Comprehensive Mapping of the Competitive Landscape
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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