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Press Release:
Ball Bearing Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2018-2023
Ball bearing is a type of rolling-element bearing which has small freely rotating metal balls in the form of a ring. This composition helps to maintain separation between the inner and outer parts of the bearings. The 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 operation due to their simple design. Owing to these properties, they are widely used for high speed and rotatory applications in various industries. According to IMARC Group’s latest report, titled “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.
Rapid advancements in the field of technology have increased customer preference towards electric vehicles. As a result, the rising use of ball bearings in electric vehicles is projected to enhance their demand in the upcoming years. Further, wind turbines require maintenance-free and high-quality bearings that reduces carbon emission and save energy, thereby creating a huge demand for ball bearings in this sector. Moreover, emerging countries such as China, India, Taiwan, South Korea, etc. are witnessing considerable development in various sectors such as railways, wind energy and automotive. Increasing industrial activities in these regions are further contributing to the growth of the market. According to the report, the market is expected to reach a volume of 47 Billion Tons by 2023, exhibiting a CAGR of 6.2% during 2018-2023.
The report has segmented the market on the basis of end-use into automobile, general engineering, mining and construction, railways, aerospace and shipping, and agriculture. Among these, the automobile sector accounts for the majority of the total market share. Region-wise, the report covers Asia-Pacific, Europe, North America, Middle East and Africa, and Latin America. Currently, Asia-Pacific represents the largest market, holding the majority of the total global share. The report has further analysed the competitive landscape of the market with some of the key global players being NTN Corporation, Timken, JTEKT, SKF and Schaeffler Group.
This report provides a deep insight into the global ball bearing industry 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 industry 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 end-use segments in the global ball bearing market?
- What are the import and export trends of ball bearing?
- 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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