The Europe ball bearing market is currently witnessing moderate growth. A ball-bearing refers to a rolling element comprising a smooth metal ball between two ring-like tracks, which supports radial and axial loads and reduces rotational friction. It is widely used for high speed and rotatory applications in various industries across Europe.
The distinctive features of ball bearings like rigidity, frictional resistance and longer life span represent one of the significant factors strengthening the growth of the market in Europe. Moreover, the expanding utilization of ball bearings in end use industries such as construction, automotive and aerospace, are driving the market in the region. Furthermore, the major players are introducing sensor components for ball bearings that are employed in conveyors, road rollers and electric motors. These components aid in digital monitoring of revolution speed, axial movement, acceleration, deceleration and weight carrying capacity. However, the imposition of lockdown by governing agencies in different parts of Europe and the temporary closure of various manufacturing units on account of the ongoing coronavirus disease (COVID-19) has hindered the market growth. It is expected to witness growth once lockdown relaxations are introduced. On account of these factors, the market is expected to continue its moderate growth during the forecast period (2021-2026).
IMARC Group provides an analysis of the key trends in each sub-segment of the Europe ball bearing market report, along with forecasts for growth at the region level from 2021-2026. Our report has categorized the market based on region and application.
Breakup by Application:
Breakup by Country:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
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