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Press Release:
Ball Bearing Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2018-2023
The global ball bearing market reached a volume of 33 Billion Tons in 2017. The market is further projected to reach a volume of 47 Billion Tons by 2023, exhibiting a CAGR of 6.2% during 2018-2023. A ball bearing, also known as an anti-friction component, is a type of rolling-element which has two ring-like tracks with small, freely rotating metal balls between them. These metal balls provide a smooth and low friction motion by supporting both axial and radial loads. Ball bearings are easy to maintain and are durable in operations due to their simple design. They also help in supporting weight, facilitating efficient transmission of power and ensuring proper alignment of movable components. Owing to these properties, ball bearings are extensively used for high speed and rotatory applications in numerous industries.
Global Ball Bearing Market Drivers/Constraints:
- Wind turbines require maintenance-free and high-quality ball bearings that help enhance turbine reliability and performance. The growing number of windmill farms worldwide is creating a huge demand for ball bearings in this sector.
- The manufacturers have developed sensor components for ball bearings which are used in conveyors, road rollers and electric motors. These components help in digital monitoring of revolution speed, axial movement, acceleration, deceleration and weight carrying capacity.
- Manufacturers are focusing on upgrading the working capability of ball bearings efficiently at lower costs. They are also improving the characteristics of the existing bearings such as lowering torque, increasing temperature range, reducing weight, decreasing energy consumption, enhancing the lifecycle and refining friction resistance.
- Counterfeit products act as the major hindrance to the global ball bearing market growth. These counterfeit ball bearings can drastically affect the performance of the equipment, leading to a decline in their sales.
Application Insights:
On the basis of application, the market has been segmented into automobile, general engineering, mining and construction, railways, aerospace and shipping, and agriculture sectors. Among these, the automobile sector accounts for the majority of the total market share.
Regional Insights:
Region-wise, Asia Pacific represents the leading market for ball bearings, holding the largest share. Other major regions include North America, Europe, Middle East and Africa, and Latin America.
Competitive Landscape:
The competitive landscape of the global ball bearing market has also been analyzed in the report. Some of the leading players operating in the market are:
- NTN Corporation
- Timken
- JTEKT
- SKF
- Schaeffler Group
This report provides a deep insight into the global ball bearing market covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the ball bearing market in any manner.
Key Questions Answered in This Report:
- How has the global ball bearing market performed so far and how will it perform in the coming years?
- What are the key regions in the global ball bearing market?
- What are the major application segments in the global ball bearing market?
- What are the export and import trends in the global ball bearing market?
- What are the various stages in the value chain of the global ball bearing market?
- What are the key driving factors and challenges in the global ball bearing market?
- What is the structure of the global ball bearing market and who are the key players?
- What is the degree of competition in the global ball bearing market?
- How are ball bearings manufactured?
1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Ball Bearing Market
5.1 Market Overview
5.2 Market Performance
5.3 Market Breakup by Application
5.4 Market Breakup by Region
5.5 Market Forecast
5.6 SWOT Analysis
5.6.1 Overview
5.6.2 Strengths
5.6.3 Weaknesses
5.6.4 Opportunities
5.6.5 Threats
5.7 Value Chain Analysis
5.7.1 Overview
5.7.2 Research and Development
5.7.3 Raw Material Procurement
5.7.4 Manufacturing
5.7.5 Marketing
5.7.6 Distribution
5.7.7 End-Use
5.8 Porters Five Forces Analysis
5.8.1 Overview
5.8.2 Bargaining Power of Buyers
5.8.3 Bargaining Power of Suppliers
5.8.4 Degree of Competition
5.8.5 Threat of New Entrants
5.8.6 Threat of Substitutes
6 Market Breakup by Application
6.1 Automobile
6.2 General Engineering
6.3 Mining and Construction
6.4 Railways, Aerospace and Shipping
6.5 Agriculture
6.6 Others
7 Market Breakup by Region
7.1 Asia Pacific
7.2 Europe
7.3 North America
7.4 Middle East and Africa
7.5 Latin America
8 Imports and Exports
8.1 Imports by Major Countries
8.2 Exports by Major Countries
9 Ball Bearing Manufacturing Process
9.1 Product Overview
9.2 Raw Material Requirements
9.3 Manufacturing Process
9.4 Key Success and Risk Factors
10 Competitive Landscape
10.1 Market Structure
10.2 Key Players
10.3 Profiles of Key Players
10.3.1 NTN Corporation
10.3.1.1 Company Overview
10.3.1.2 Description
10.3.1.3 Product Portfolio
10.3.1.4 Financials
10.3.1.5 SWOT Analysis
10.3.2 Timken
10.3.2.1 Company Overview
10.3.2.2 Description
10.3.2.3 Product Portfolio
10.3.2.4 Financials
10.3.2.5 SWOT Analysis
10.3.3 JTEKT
10.3.3.1 Company Overview
10.3.3.2 Description
10.3.3.3 Product Portfolio
10.3.3.4 Financials
10.3.3.5 SWOT Analysis
10.3.4 SKF
10.3.4.1 Company Overview
10.3.4.2 Description
10.3.4.3 Product Portfolio
10.3.4.4 Financials
10.3.4.5 SWOT Analysis
10.3.5 Schaeffler Group
10.3.5.1 Company Overview
10.3.5.2 Description
10.3.5.3 Product Portfolio
10.3.5.4 Financials
10.3.5.5 SWOT Analysis
List of Figures
Figure 1: Global: Ball Bearing Market: Major Drivers and Challenges
Figure 2: Global: Ball Bearing Market: Sales Value (in Billion US$), 2010-2017
Figure 3: Global: Ball Bearing Market: Breakup by Application (in %), 2017
Figure 4: Global: Ball Bearing Market: Breakup by Region (in %), 2017
Figure 5: Global: Ball Bearing Market Forecast: Sales Value (in Billion US$), 2018-2023
Figure 6: Global: Ball Bearing Industry: SWOT Analysis
Figure 7: Global: Ball Bearing Industry: Value Chain Analysis
Figure 8: Global: Ball Bearing Industry: Porter’s Five Forces Analysis
Figure 9: Global: Ball Bearing Market (Applications in Automobile): Sales Value (in Million US$), 2010, 2017 & 2023
Figure 10: Global: Ball Bearing Market (Applications in General Engineering) Sales Value (in Million US$), 2010, 2017 & 2023
Figure 11: Global: Ball Bearing Market (Applications in Mining and Construction) Sales Value (in Million US$), 2010, 2017 & 2023
Figure 12: Global: Ball Bearing Market (Applications in Railways, Aerospace and Shipping) Sales Value (in Million US$), 2010, 2017 & 2023
Figure 13: Global: Ball Bearing Market (Applications in Agriculture) Sales Value (in Million US$), 2010, 2017 & 2023
Figure 14: Global: Ball Bearing Market (Other Ball Bearing Applications) Sales Value (in Million US$), 2010, 2017 & 2023
Figure 15: Asia Pacific: Ball Bearing Market: Sales Value (in Million US$), 2010, 2017 & 2023
Figure 16: Europe: Ball Bearing Market: Sales Value (in Million US$), 2010, 2017 & 2023
Figure 17: North America: Ball Bearing Market: Sales Value (in Million US$), 2010, 2017 & 2023
Figure 18: Middle East and Africa: Ball Bearing Market: Sales Value (in Million US$), 2010, 2017 & 2023
Figure 19: Latin America: Ball Bearing Market: Sales Value (in Million US$), 2010, 2017 & 2023
Figure 20: Global: Ball Bearing: Import Breakup by Country (in %), 2017
Figure 21: Global: Ball Bearing: Export Breakup by Country (in %), 2017
Figure 22: Ball Bearing Manufacturing: Process Flow
List of Tables
Table 1: Global: Ball Bearing Market: Key Industry Highlights, 2017 and 2023
Table 2: Global: Ball Bearing Market Forecast: Breakup by Application (in Million US$), 2018-2023
Table 3: Global: Ball Bearing Market Forecast: Breakup by Region (in Million US$), 2018-2023
Table 4: Global: Ball Bearing: Import Data by Country
Table 5: Global: Ball Bearing: Export Data by Country
Table 6: Ball Bearing Manufacturing: Raw Material Requirements
Table 7: Global: Ball Bearing Market Structure
Table 8: Global: Ball Bearing Market: Key Players
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