Europe Ball Bearing Market Share, Size, Growth, Opportunity and Forecast 2023-2028

Europe Ball Bearing Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Report Format: PDF+Excel | Report ID: SR112023A3225

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Market Overview:

The Europe ball bearing market size reached US$ 13.8 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 17.9 Billion by 2028, exhibiting a growth rate (CAGR) of 4.29% during 2023-2028.

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.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the Europe ball bearing market report, along with forecasts at the regional and country level from 2023-2028. Our report has categorized the market based on application.

Breakup by Application:

Automobile
General Engineering
Mining and Construction
Railways, Aerospace and Shipping
Agriculture
Others

Breakup by Country:

Germany
France
United Kingdom
Italy
Spain
Others

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players.

Report Coverage:

Report Features	Details
Base Year of the Analysis	2022
Historical Period	2017-2022
Forecast Period	2023-2028
Units	US$ Billion
Segment Coverage	Application, Country
Countries Covered	Germany, France, United Kingdom, Italy, Spain, Others
Customization Scope	10% Free Customization
Report Price and Purchase Option	Single User License: US$ 2699 Five User License: US$ 3699 Corporate License: US$ 4699
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)

Key Questions Answered in This Report:

How has the Europe ball bearing market performed so far and how will it perform in the coming years?
What has been the impact of COVID-19 on the Europe ball bearing market?
What are the key regional markets?
What is the breakup of the market based on the application?
What are the various stages in the value chain of the industry?
What are the key driving factors and challenges in the industry?
What is the structure of the Europe ball bearing market and who are the key players?
What is the degree of competition in the industry?

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