The global ceramic ball bearings market reached a value of US$ 996.1 Million in 2018. Ceramic ball bearings are superior to steel ball bearings in a lot of aspects and are increasingly replacing them in various applications.
Ceramic ball bearings are significantly lighter and harder compared to their metal counterparts. They can self-lubricate and operate at appreciably faster speeds compared to steel ball bearings. Because they are harder than their steel counterparts, ceramic ball bearings are also more durable, and can last significantly longer. Moreover, since they do not rust, they are not as sensitive to moisture and lubrication compared to steel ball bearings. Ceramic ball bearings can also stand up to intense physical impact and perform extremely well when subjected under harsh conditions, such as elevated temperatures, lack of lubrication, and in high corrosion environments. Looking forward, the global ceramic ball bearings market is expected to reach a value of US$ 1,842.5 Million by 2024, growing at a CAGR of around 10.6% during 2019-2024.
This report provides a deep insight into the global ceramic ball bearings 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 ceramic ball bearings industry in any manner.
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