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The North America ceramic ball bearings market reached a value of US$ 440 Million in 2020. Looking forward, IMARC Group expects the market to grow at a CAGR of 9.1% 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.
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.
|Base Year of the Analysis||2020|
|Segment Coverage||Raw Material, Product Type, Application, Country|
|Countries Covered||United States, Canada, Mexico|
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