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United States Ceramic Ball Bearings Market to Grow at 7.3% During 2022-2027, Impelled by Flourishing Automotive Sector

Published on Oct 31, 2022

According to the latest report by IMARC Group, titled "United States Ceramic Ball Bearings Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027," the United States ceramic ball bearings market is expected to exhibit a CAGR of 7.3% during 2022-2027. A ceramic ball bearing is a ball bearing made of ceramic materials. It is usually made from Silicon Nitride (Si3N4) or zirconia (ZrO2). It has several advantages over traditional steel bearings as ceramic ball bearings are lighter, can operate at higher temperatures, and have a lower coefficient of friction. These advantages make it ideal for high-speed applications, such as electric vehicles and wind turbines. It helps enhance the productivity of the products by increasing the efficiency and performance of the entire system. These bearings have excellent electrical insulation properties, due to which they are extensively utilized in passenger cars, commercial vehicles, and various automobile components.

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.

United States Ceramic Ball Bearings Market Trends:

The market in the United States is primarily driven by significant growth in the automotive industry. In line with this, the increasing dependency of the defense and aerospace sector on ceramic ball bearings to boost energy efficiency is significantly contributing to the market growth. Furthermore, the rising demand for different automobile components required for commercial vehicles and passenger cars is positively influencing the market. Apart from this, multiple key players are focusing on rapid technological advancements, such as the introduction of lightweight materials, integrated components of both stainless steel and ceramic bearings, and lubrication and seal technologies, to make ball bearings more efficient and achieve high performance. Moreover, the product is being extensively used to replace stainless ball bearings installed in grinding media, agitators, and valves, thus catalyzing the growth of the market. Besides, the widespread adoption of precision engineering in the manufacturing sector is creating a positive outlook for the market.

Market Summary:

  • On the basis of the raw material, the market has been segmented into zirconium oxide, silicon nitride, and others.
  • Based on the product type, the market has been bifurcated into hybrid and full ceramic ball bearings.
  • On the basis of the application, the market has been classified into electric motors, automobile, under water equipment, laboratory equipment, aerospace, and others.
  • On the basis of the region, the market has been divided into Northeast, Midwest, South, and West.
  • The competitive landscape of the market has been studied in the report with detailed profiles of the key players operating in the market.?
     

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