China ceramic ball bearing market reached a value of US$ 212 Million in 2018. China currently represents the second largest market for ceramic ball bearings after the United States. Ceramic ball bearings can stand up to extreme physical impact and function extremely well when subjected under harsh conditions, such as high temperatures, lack of lubrication, and high corrosion environments. These physical properties act as the major driver of the market. Another key factor catalysing the sales of ceramic ball bearings in the region is the rapid expansion of machinery and motor vehicle manufacturing, combined with a strong aftermarket for industrial equipment and motor vehicle repair. Apart from this, the Chinese government has been encouraging the manufacturing of electronic products so as to improve domestic productivity and to increase the value of Chinese exports. Looking forward, IMARC Group expects the China ceramic ball bearing market to grow at a CAGR of around 11% during 2019-2024, reaching a value of around US$ 397 Million by 2024.
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