US Ball Bearing Market Size, Share, Trends and Forecast 2023-28

United States Ball Bearing Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Report Format: PDF+Excel | Report ID: SR112023A3232

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Market Overview:

The United States ball bearing market size reached US$ 7.6 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 9.6 Billion by 2028, exhibiting a growth rate (CAGR) of 3.8% during 2023-2028.

Also known as an anti-friction component, a ball bearing is a rolling element comprising two ring-like tracks and a small rotating metal ball. It maintains low friction motion and supports the axial and radial loads. As it is durable and easy to maintain, it is used in various industries across the United States.

The market is primarily driven by the flourishing end use industries, such as aerospace, medical, and robotics in the United States. Moreover, the increasing utilization of electric vehicles (EVs), in confluence with the burgeoning automotive sector, is driving the sales of ball bearings. Apart from this, the well-established manufacturing sector, along with the rising investments in the research and development (R&D) activities by leading players, are contributing to the market growth. Besides this, market players are introducing advanced product variants with improved performance and efficient transmission to expand their existing consumer base.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the United States ball bearing market report, along with forecasts at the country and regional level from 2023-2028. Our report has categorized the market based on application.

Breakup by Application:

Automobile
General Engineering
Mining and Construction
Railways, Aerospace and Shipping
Agriculture
Others

Breakup by Region:

Northeast
Midwest
South
West

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players.

Report Coverage:

Report Features	Details
Base Year of the Analysis	2022
Historical Period	2017-2022
Forecast Period	2023-2028
Units	US$ Billion
Segment Coverage	Application, Region
Region Covered	Northeast, Midwest, South, West
Customization Scope	10% Free Customization
Report Price and Purchase Option	Single User License: US$ 2699 Five User License: US$ 3699 Corporate License: US$ 4699
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)

Key Questions Answered in This Report

The United States ball bearing market was valued at US$ 7.6 Billion in 2022.

We expect the United States ball bearing market to exhibit a CAGR of 3.8% during 2023-2028.

The rising demand for ball bearings across various industries, such as aerospace, transportation, mining, etc., as it offers low maintenance requirement, rigidity, high frictional resistance, and longer life span, is primarily driving the United States ball bearing market.

The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across the nation, resulting in the temporary closure of numerous manufacturing units for ball bearings.

Based on the application, the United States ball bearing market can be bifurcated into automobile, general engineering, mining and construction, railways, aerospace and shipping, agriculture, and others. Currently, the automobile sector holds the largest market share.

On a regional level, the market has been classified into Northeast, Midwest, South, and West.

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