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The Europe ceramic ball bearings market reached a value of US$ 222 Million in 2020. Looking forward, IMARC Group expects the market to grow at a CAGR of 7.7% 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. 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.
IMARC Group provides an analysis of the key trends in each sub-segment of the Europe ceramic ball bearings market, along with forecasts at the country and regional level from 2021-2026. Our report has categorized the market based on raw material, product type and application.
Breakup by Raw Material:
Breakup by Product Type:
Breakup by Application:
Breakup by Country:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
|Base Year of the Analysis||2020|
|Segment Coverage||Raw Material, Product Type, Application, Country|
|Countries Covered||Germany, France, United Kingdom, Italy, Spain|
|Customization Scope||10% Free Customization|
|Report Price and Purchase Option||Single User License: US$ 2499
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Corporate License: US$ 4499
|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)|
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