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The global ceramic ball bearings market reached a value of US$ 1,132 Million in 2021. Looking forward, IMARC Group expects the market to reach US$ 1,752 Million by 2027, exhibiting at a CAGR of 7.4% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.
Ceramic ball bearings are currently gaining traction around the world as they are superior and more durable than stainless-steel bearings in various aspects. Ceramic ball bearings require less energy owing to their high speed that aids in reducing friction. Moreover, they also offer high dimensional stability; have smoother and rounder surfaces; and provide the low density and optimum resistance against heat and corrosion. Owing to these advantages offered by ceramic ball bearings, they are widely replacing conventional ball bearings in various applications. Nowadays, hybrid ceramic ball bearings are available in different sizes, specifically designed as per the requirement of the industry to minimize the risk of costly repairs and reduce operating costs.
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Ceramic ball bearings are significantly lighter and harder compared to their metal counterparts. They do not rust and can self-lubricate and operate at faster speeds. Also, these ball bearings can tolerate intense physical impact and perform exceptionally well when subjected to harsh conditions such as in high corrosion environments, lack of lubrication and elevated temperatures. Other than this, they have excellent electrical insulation properties, which lessen the menace of electrical erosion and seizure of the rolling elements. Owing to this, these bearings are widely employed in passenger cars, commercial vehicles and numerous automobile components. Besides this, manufacturers have improved the performance of ball bearings by using the advanced seal, lightweight materials and lubrication technologies. These advancements have created vast opportunities for the leading players operating in the industry.
IMARC Group provides an analysis of the key trends in each sub-segment of the global ceramic ball bearings market, along with forecasts at the global and regional level from 2022-2027. Our report has categorized the market based on raw material, product type and application.
Breakup by Raw Material:
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Ceramic Ball bearings made from silicon nitride currently exhibits a clear dominance in the market as they have a low-density, and better strength and toughness as compared to the ball bearings made from other materials.
Breakup by Product Type:
At present, hybrid ceramic ball bearings represent the most preferred product type owing to their availability in a variety of styles and sizes, such as angular contact bearings, radial bearings and insert bearings.
Breakup by Application:
Electric motors represent the largest application segment, accounting for majority of the total global market. This can be accredited to several advantages offered by ceramic ball bearings, which include better acceleration capability, lower friction, improved wear-resistance and higher speed.
Regional Insights:
On the geographical front, the United States enjoys the leading position in the market since there is an increasing trend of rebounding productions of motor vehicles and a healthy fixed investment environment in the region.
Competitive Landscape:
The competitive landscape of the market has been analyzed in the report, along with the detailed profiles of the major players operating in the industry. Some of the leading players are:
| Report Features | Details |
|---|---|
| Base Year of the Analysis | 2021 |
| Historical Period | 2016-2021 |
| Forecast Period | 2022-2027 |
| Units | US$ Million |
| Segment Coverage | Raw Material, Product Type, Application, Region |
| Region Covered | United States, China, Europe, Japan, India, South East Asia |
| Companies Covered | AB SKF, NSK Ltd., NTN Corporation, Ortech Incorporated, CeramicSpeed, Shanghai Lily Bearing Manufacturing Co., Ltd., Boca Bearings, Inc., GMN Bearing USA Ltd. and JTEKT Corporation |
| Customization Scope | 10% Free Customization |
| Report Price and Purchase Option | Single User License: US$ 2499 Five User License: US$ 3499 Corporate License: US$ 4499 |
| Post-Sale Analyst Support | 10-12 Weeks |
| Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
The global ceramic ball bearings market was valued at US$ 1,132 Million in 2021.
We expect the global ceramic ball bearings market to exhibit a CAGR of 7.4% during 2022-2027.
The rising adoption of numerous advanced seals, lightweight materials, and lubrication technologies to
improve the performance of ball bearings, is currently driving the global ceramic ball bearings market.
The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown
regulations across several nations resulting in temporary closure of various manufacturing units and
disrupted supply chains for ceramic ball bearings.
Based on the raw material, the global ceramic ball bearings market can be segmented into zirconium
oxide, silicon nitride, and others. Among these, silicon nitride currently holds the majority of the total
market share.
Based on the product type, the global ceramic ball bearings market has been divided into hybrid ceramic
ball bearings and full ceramic ball bearings. Currently, hybrid ceramic ball bearings exhibit a clear
dominance in the market.
Based on the application, the global ceramic ball bearings market can be categorized into electric motor,
automobile, under water equipment, laboratory equipment, aerospace, and others. Among these,
electric motor accounts for the largest market share.
On a regional level, the market has been classified into United States, China, Europe, Japan, India, and
South East Asia, where the United States currently dominates the global market.
Some of the major players in the global ceramic ball bearings market include AB SKF, NSK Ltd., NTN
Corporation, Ortech Incorporated, CeramicSpeed, Shanghai Lily Bearing Manufacturing Co., Ltd., Boca
Bearings, Inc., GMN Bearing USA Ltd., JTEKT Corporation, etc.
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