Global Ceramic Ball Bearings Market to Reach US$ 1,752 Million by 2027, Impelled by Increasing Utilization in Automotive Industry

December 09, 2021

According to the latest report by IMARC Group, titled “Ceramic Ball Bearings Market: Global Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” the global ceramic ball bearings market size reached US$ 1,132 Million in 2021. Ceramic ball bearings are presently gaining immense preference across the globe. They offer rigidity, smoother surface, corrosion resistance, high-temperature resistance, and lower friction resistance as compared to their metallic counterparts. Additionally, ceramic ball bearings provide higher speed and acceleration capability and are widely available in various sizes, specifically designed to meet the requirements of different industries. They also assist in reducing the operational costs and the risk of costly repairs.

We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

Global Ceramic Ball Bearings Market Trends:

Ceramic ball bearings have remarkable electrical insulation properties that reduce the risk of electrical erosion and seizure of the rolling elements. As a result, they are widely employed in the manufacturing of different automobile components. Moreover, as ball bearings are lighter and harder compared to their counterparts and can self-lubricate and operate at faster speeds, their sales are boosting around the world. Apart from this, ceramic ball bearings can perform exceptionally well when subjected to harsh conditions, such as elevated temperatures or high corrosion environments, as they can tolerate intense physical impact. This, in confluence with the increasing focus on improving the performance of ball bearings by utilizing lightweight materials, advanced seal and lubrication technologies, is fostering the growth of the market. Other major factors, such as the escalating demand for ceramic ball bearings in grinding media, valves and agitators, are anticipated to positively influence the market. Looking forward, the market value is projected to reach US$ 1,752 Million by 2027, expanding at a CAGR of 7.4% during the forecast period (2022-2027).

Market Summary:

  • Based on the raw material, the market has been classified into zirconium oxide, silicon nitride and others. At present, silicon nitride dominates the market as it is relatively more durable.
  • On the basis of the product type, the market has been bifurcated into hybrid and full ceramic ball bearings. Presently, hybrid ceramic ball bearings hold the largest market share.
  • Based on the application, the market has been segmented into electric motors, automobiles, underwater equipment, laboratory equipment, aerospace, and others. Amongst these, electric motors account for majority of the total global market.
  • Region-wise, the United States enjoys the leading position in the market. Other major regions include China, Europe, Japan, India and South-East Asia.
  • The competitive landscape of the market has been examined, with some of the key players being AB SFK, NSK Ltd., NTN Corporation, Ortech Incorporated, CermaicSpeed, Shanghai Lily Bearing Manufacturing Co., Ltd., Boca Bearings, Inc., GMN Bearing USA Ltd. and JTEKT Corporation.


About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.


Contact Us

IMARC Group
USA: +1-631-791-1145
Email: sales@imarcgroup.com
Website: https://www.imarcgroup.com
Follow us on twitter: @imarcglobal

 

Global Ceramic Ball Bearings Market to Reach US$ 1,752 Million by 2027, Impelled by Increasing Utilization in Automotive Industry
Select Licence Type



Benefits of Customization

Personalize This Research

Triangulate with your Data

Get Data as per your Format and Definition

Gain a Deeper Dive into a Specific Application, Geography, Customer or Competitor

Any level of Personalization

Get in Touch With Us
UNITED STATES

Phone: +1-631-791-1145

INDIA

Phone: +91-120-433-0800

UNITED KINGDOM

Phone: +44-753-713-2163

Email: sales@imarcgroup.com

Client Testimonials

Aktive Services

IMARC made the whole process easy. Everyone I spoke with via email was polite, easy to deal with, kept their promises regarding delivery timelines and were solutions focused. From my first contact, I was grateful for the professionalism shown by the whole IMARC team. I recommend IMARC to all that need timely, affordable information and advice. My experience with IMARC was excellent and I can not fault it.

Read More
Bayer AH

It was indeed a great experience to work with IMARC on the assignment on Aqua market. The team had done a fantastic job in terms of what was expected, what was assured and what was the result… the report gave us many insights and market know how which allowed us to work on our strength and define exact strategies…

Read More
Colruyt Group

We were very happy with the collaboration between IMARC and Colruyt. Not only were your prices competitive, IMARC was also pretty fast in understanding the scope and our needs for this project. Even though it was not an easy task, performing a market research during the COVID-19 pandemic, you were able to get us the necessary information we needed. The IMARC team was very easy to work with and they showed us that it would go the extra mile if we needed anything extra

Read More
KRISHAK BHARTI CO-OP LTD

Last project executed by your team was as per our expectations. We also would like to associate for more assignments this year. Kudos to your team.

Read More
Zee Media Corp. Ltd.

We would be happy to reach out to IMARC again, if we need Market Research/Consulting/Consumer Research or any associated service. Overall experience was good, and the data points were quite helpful.

Read More
Arabian Plastic Manufacturing Company Ltd.

The figures of market study were very close to our assumed figures. The presentation of the study was neat and easy to analyse. The requested details of the study were fulfilled. My overall experience with the IMARC Team was satisfactory.

Read More
Sumitomo Corporation

The overall cost of the services were within our expectations. I was happy to have good communications in a timely manner. It was a great and quick way to have the information I needed.

Read More
Hameln Rds

My questions and concerns were answered in a satisfied way. The costs of the services were within our expectations. My overall experience with the IMARC Team was very good.

Read More
Quality Consultants BV

I agree the report was timely delivered, meeting the key objectives of the engagement. We had some discussion on the contents, adjustments were made fast and accurate. The response time was minimum in each case. Very good. You have a satisfied customer.

Read More
TATA Advanced Systems Limited

We would be happy to reach out to IMARC for more market reports in the future. The response from the account sales manager was very good. I appreciate the timely follow ups and post purchase support from the team. My overall experience with IMARC was good.

Read More
Stax

IMARC was a good solution for the data points that we really needed and couldn't find elsewhere. The team was easy to work, quick to respond, and flexible to our customization requests.

Read More