The North America ceramic ball bearings market reached a value of around US$ 401 Million in 2019. Ceramic ball bearing stands for an antifriction ball which is made up of a ceramic material such as silicon carbide (SiC), silicon nitride (Si3N4) or zirconium oxide (ZrO2). The ball bearings are available in two distinctive types namely full ceramic ball bearing and hybrid ball bearing. Ceramic ball bearing provides several advantages such as increased stiffness, acceleration capability, lower friction resistance, longer service life and provides higher speed as compared to steel ball bearings. For industrial applications, ceramic ball bearings are available in several types such as angular bearings, thrust bearing, pillow block bearing, needle bearings, and roller bearings.
North America represents one of the leading markets in the ceramic ball bearing market pertaining to rapid industrialization and new technological innovations. Also, several developments in the aerospace and automotive industries have boosted the demand of ceramic ball bearings in the region. Rising demand for electric vehicles in the forthcoming years is expected to fuel the demand of ceramic ball bearings. Looking forward, IMARC Group expects the market to reach a value of around US$ 684 Million by 2025, registering a CAGR of 9.3% during 2020-2025.
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