Global Miniature Ball Bearing Market to Grow at 6.2% During 2024-2032, Bolstered by Rapid Growth of Automotive Industry

January 04, 2022 | Heavy Industry

The latest report by IMARC Group, titled “Miniature Ball Bearing Market Report by Type (Dust Cover Miniature Ball Bearings, Open Miniature Ball Bearings, and Others), Application (Automotive, Industrial, Aerospace, Household Electrical Appliances, Medical, Robotics, and Others), and Region 2024-2032,” finds that the global miniature ball bearing market size reached US$ 1.8 Billion in 2023. A miniature ball bearing, or instrument bearing, is a machinery component with an outer diameter of 22 millimeters or less. It consists of inner and outer rings, barriers, snap plates, balls, retainers, and brackets. Miniature ball bearings are used to relocate heavy objects as they are capable of handling large loads. They are also used for determining rotational accuracy due to their high-rotary parts. As a result, they find application in a wide variety of devices, including telecommunication devices, domestic electric appliances, and automobile parts.

Global Miniature Ball Bearing Market Trends: 

The market is primarily driven by the significant growth of the automotive industry. Miniature ball bearings are used in manufacturing mechanical components such as fan engines, wipers, and throttles. Besides this, ball bearings are used as lubricated aids to reduce friction, ensure smooth system operation, decrease noise, and offer low and uniform torque. In addition to this, rapid urbanization and industrialization, along with the growing sales of electric vehicles (EV), are propelling the market growth. These bearings also increase the pace with minimal vibration and enhance accuracy in the medical, instrumentation, and robotics industries. Furthermore, the rising demand for differentiated products, such as high precision and self-aligned ball bearings, is also fueling the growth of the market. Looking forward, the market is expected to reach a value of US$ 3.1 Billion by 2032, exhibiting a CAGR of 6.2% during the forecast period (2024-2032).


Market Summary: 

  • Based on the type, the market has been segmented into dust cover, open and other miniature ball bearings. Currently, dust cover miniature ball bearings dominate the market, holding the largest market share.
  • On the basis of the application, the market has been classified into automotive, industrial, aerospace, household electrical appliances, medical, robotics, and others. Among these, automotive represents the largest segment, accounting for the majority of the global market.
  • Region-wise, the market has been divided into North America, Asia Pacific, Europe, Latin America, and Middle East and Africa. Amongst these, Asia Pacific holds the leading position in the market,.
  • The competitive landscape of the market has been examined, with some of the key players being Minebea Mitsumi Inc, NSK Limited, Kitanihon Seiki Corporation Limited, Cixing Group Corporation Limited, and GRW Gebr. Reinfurt Gmbh & Co. KG.


Report Coverage:

Report Features Details
Base Year of the Analysis 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Units Million Units, US$ Billion
Segment Coverage Type, Application, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Companies Covered Minebea Mitsumi Inc, NSK Ltd., Kitanihon Seiki Co. Ltd., CW Bearing Gmbh and GRW Bearing Gmbh
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2499
Five User License: US$ 3499
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)


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
Email: sales@imarcgroup.com
Phone No: (D) +91 120 433 0800 | www.imarcgroup.com 
Americas:- +1 631 791 1145 | Africa and Europe :- +44-753-713-2163

Need more help?

  • Speak to our experienced analysts for insights on the current market scenarios.
  • Include additional segments and countries to customize the report as per your requirement.
  • Gain an unparalleled competitive advantage in your domain by understanding how to utilize the report and positively impacting your operations and revenue.
  • For further assistance, please connect with our analysts.
Global Miniature Ball Bearing Market to Grow at 6.2% During 2024-2032, Bolstered by Rapid Growth of Automotive Industry
Purchase options




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: +44-753-714-6104

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
Greenfish S.A.

The IMARC team was very reactive and flexible with regard to our requests. A very good overall experience. We are happy with the work that IMARC has provided, very complete and detailed. It has contributed to our business needs and provided the market visibility that we required

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 BHARATI 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
DEinternational Egypt

IMARC did an outstanding job in preparing our study. They were punctual and precise, delivering all the data we required in a clear and well-organized format. Their attention to detail and ability to meet deadlines was impressive, making them a reliable partner for our project.

Read More