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Get detailed insights regarding the impact of COVID-19 on the market.
The Japan ball bearing market exhibited moderate growth during 2015-2020. Looking forward, IMARC Group expects the market to continue its moderate growth 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 on different end use industries. These insights are included in the report as a major market contributor.
A ball-bearing is an anti-friction component comprising two ring-like tracks with a freely rotating metal ball between them. It supports both axial and radial loads, ensures power alignment of movable objects, and facilitates efficient transmission of power. Consequently, it is widely used in the automotive, manufacturing, and construction industries across Japan. This can also be attributed to the well-established manufacturing sector in the country.
The market is primarily driven by the rising sales of passenger vehicles, in confluence with the increasing number of manufacturing units, in Japan. Additionally, leading manufacturers are upgrading the working capability of ball bearings at lower costs. They are also focusing on lowering torque, increasing temperature range, reducing weight, decreasing energy consumption, enhancing the lifecycle and refining friction resistance. Besides this, they have developed sensor components for ball bearings, which are utilized in conveyors, road rollers and electric motors. However, the increasing cases of coronavirus disease (COVID-19) have disrupted the market growth. The market is expected to recover once the situation becomes under control and lockdown relaxations are introduced.
IMARC Group provides an analysis of the key trends in each sub-segment of the Japan ball bearing market, along with forecasts at the country and regional level from 2021-2026. Our report has categorized the market based on application.
Breakup by Application:
Breakup by Region:
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||Application, Region|
|Region Covered||Kanto Region, Kinki Region, Central/ Chubu Region, Kyushu-Okinawa Region, Tohoku Region, Chugoku Region, Hokkaido Region, Shikoku Region|
|Customization Scope||10% Free Customization|
|Report Price and Purchase Option||Single User License $ 2499
Five User License $ 2999
Corporate License $ 3999
|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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