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The global ceramic roller bearings market grew at a CAGR of around 9% during 2015-2020. Looking forward, IMARC Group expects the market to continue its strong growth during 2021-2026. 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 roller bearings are designed to carry heavy loads while minimizing friction by using rolling cylindrical elements. These roller bearings are composed of different materials, such as silicon nitride, zirconium oxide, aluminum oxide, and silicon carbide. Ceramic roller bearings exhibit low thermal conductivity, enhanced electrical insulation, better dimensional stability, improved water resistance, etc. As a result, they find extensive applications across diverse industries, such as railways, power generation, aerospace, automotive, marine, etc.
The elevating levels of industrialization along with the increasing penetration of automation trends for heavy-duty applications are propelling the demand for ceramic roller bearings. Furthermore, the growing shift from conventional stainless-steel bearings towards ceramic-based alternatives for higher precision, lower friction, improved wear and tear resistance, etc., is also driving the global market. Apart from this, a significant growth in the automotive industry is catalyzing the adoption of ceramic roller bearings in passenger cars and commercial vehicles. In line with this, the rising demand for lightweight materials in automotive components has led to the integration of both stainless steel and ceramic roller bearings that offer high-temperature resistance and enhanced fuel efficiency. Moreover, the increasing adoption of ceramic roller bearings in manufacturing rail and marine equipment based on excellent electrical insulation and better suitability in highly corrosive environments is also propelling the market growth. Additionally, several manufacturers are focusing on improving the performance of ceramic roller bearings by deploying advanced seal and lubrication technologies, which will further continue to drive the market in the coming years.
IMARC Group provides an analysis of the key trends in each sub-segment of the global ceramic roller bearings market report, along with forecasts for growth at the global, regional and country level from 2021-2026. Our report has categorized the market based on region, type, product type and application.
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The competitive landscape of the industry has also been examined with some of the key players being AB SKF, Cerabea Co. Ltd., CeramicSpeed, CeramTec GmbH, Emerson Bearing Company, Hentec Oy Ab, JTEKT Corporation, NSK Ltd., Ortech Advanced Ceramics, Schaeffler Technologies AG & Co. KG and The Timken Company.
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