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The Japan ball bearing market is currently witnessing moderate growth. 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. On account of these factors, the market is expected to continue its moderate growth during the forecast period (2021-2026).
IMARC Group provides an analysis of the key trends in each sub-segment of the Japan ball bearing market report, along with forecasts for growth at the region level from 2021-2026. Our report has categorized the market based on region and 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.
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