The Europe ceramic ball bearings market size reached US$
240.6 Million in 2021. Looking forward, IMARC Group expects the market to reach US$
377.7 Million by 2027, exhibiting a growth rate (CAGR) of
8.03% during 2022-2027. 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.
A ball bearing is a mechanical component that comprises a ceramic rolling ball, an outer ring, inner ring and a cage manufactured from heat-treated chrome or stainless steel. Ceramic ball bearings are commonly available in hybrid and full ball bearings variants. They are widely used in pumps, machine tools, vacuums, bicycles and scanners. Ceramic ball bearings are lightweight and have high temperature, heat and corrosion-resistant properties, rigidity and dimensional stability. As a result, they are extensively used in automobiles, electric motors, underwater, aerospace and laboratory equipment.
The growth in the Europe ceramic ball bearing market can be attributed to the widespread product adoption in the automotive industry. Ceramic ball bearings are extensively used for manufacturing car cooling systems, wiper motors and cooling systems. Additionally, the increasing demand for efficient flight control components and landing gear wheels in the aviation industry is positively impacting the market growth. Various technological advancements, such as the integration of industrial systems with data sharing and maintenance tracking solutions for increased operational safety, fault diagnosis and enhanced productivity, are providing a thrust to the market growth. In line with this, the widespread adoption of ceramic ball bearings for operating oxygen pump valves and robotic surgical devices is also favoring the market growth. Other factors, including the increasing product demand for the manufacturing of rail and marine equipment, along with the widespread utilization of ceramic ball bearings for mining applications across the region, are creating a positive outlook for the market.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the Europe ceramic ball bearings market report, along with forecasts at the regional and country level from 2022-2027. Our report has categorized the market based on raw material, product type and application.
Breakup by Raw Material:
- Zirconium Oxide
- Silicon Nitride
Breakup by Product Type:
- Hybrid Ceramic Ball Bearings
- Full Ceramic Ball Bearings
Breakup by Application:
- Electric Motor
- Under Water Equipment
- Laboratory Equipment
Breakup by Country:
- United Kingdom
The competitive landscape of the industry has also been examined along with the profiles of the key players.
|Base Year of the Analysis
||Raw Material, Product Type, Application, Country
||Germany, France, United Kingdom, Italy, Spain, Others
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Key Questions Answered in This Report:
- How has the Europe ceramic ball bearings market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on the Europe ceramic ball bearings market?
- What are the key regional markets?
- What is the breakup of the market based on the raw material?
- What is the breakup of the market based on the product type?
- 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 ceramic ball bearings market and who are the key players?
- What is the degree of competition in the industry?