Report Overview:

The global miniature ball bearing market reached a value of US$ 1.57 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 2.39 Billion by 2027, exhibiting a CAGR of 7.2% during 2022-2027. 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.

Miniature ball bearing, also known as instrument bearing, is a machinery component which helps in eliminating rotational friction by supporting axis loads. It consists of an outer ring, inner ring, shields, snap rings and retainers. A miniature ball bearing has its bearing with outer diameter of 22mm or less. The objective of a miniature ball bearing is to aid in determining the rotational accuracy. Apart from this, miniature ball bearing is used in a variety of applications like electrical, medical devices, automotive, etc.

Miniature ball bearings are used in the automotive sector for manufacturing mechanical components like fan motors, wiper motors, throttle bodies, etc. Rising demand for automotive components is, therefore directly proportional to the demand for miniature ball bearings. This acts as one of the primary factors propelling the growth of the miniature ball bearing market. In addition, the market for industrial robotics is encountering a remarkable demand from the automotive, electronics and electrical sector. Moreover, rapid urbanisation and industrialisation, and elevated disposable incomes of the consumers represent other factors facilitating the demand for miniature ball bearings.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global miniature ball bearing market report, along with forecasts for growth at the global and regional level from 2022-2027. Our report has categorized the market based on type and application.

Breakup by Type:

• Dust Cover Miniature Ball Bearings
• Open Miniature Ball Bearings
• Others
   

Breakup by Application:

• Automotive
• Industrial
• Aerospace
• Household Electrical Appliances
• Medical
• Robotics
• Others
   

On the basis of application, automotive represents the largest segment, followed by industrial, aerospace, household electrical appliances, medical, robotics and others.

Breakup by Region:

• Asia-Pacific
• North America
• Europe
• Latin America
• Middle East and Africa
   

Region-wise, the market has been segmented into Asia Pacific, Europe, North America, Middle East and Africa, and Latin America. Amongst these, Asia Pacific is the leading market, accounting for the majority of the global market.

Competitive Landscape:

The competitive landscape of the market has also been examined with some of the key players being Minebea Mitsumi Inc, NSK Ltd., Kitanihon Seiki Co. Ltd., CW Bearing Gmbh and GRW Bearing Gmbh.

This report provides a deep insight into the global miniature ball bearing market covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the miniature ball bearing industry in any manner.

Report Coverage: