United States Ceramic Ball Bearings Market Share & Size 2019-2024

United States Ceramic Ball Bearings Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024

The United States ceramic ball bearing market reached a value of US$ 292 Million in 2018. A ceramic ball bearing refers to an antifriction ball constructed entirely of ceramic material. They are made of either silicon nitride (Si3N4), zirconium oxide (ZrO2) or silicon carbide (SiC). Ceramic ball bearings are of two types’ viz. hybrid ceramic ball bearing and full ceramic ball bearing. In full ceramic ball bearings, all the bearing components are made of silicon nitride ceramic. However, in ceramic hybrid ball bearing only balls are made of silicon nitride ceramic and the inner race and outer race are made of steel. They offers various advantageous properties including longer service life, lower friction resistance, higher seizure resistance, higher corrosion resistance, higher rigidity, higher temperature resistance, lightweight, etc.

United States Ceramic Ball bearing Market Report

The United States is currently witnessing a trend of rebounding productions of motor vehicles and a healthy investment environment. Moreover, the market is also being catalyzed by the increasing demand of wind turbines. In the United States, the renewable energy market is likely to grow over the next few years with a significant growth expected to come from wind energy. Additionally, rising demand of ceramic ball bearings in electric motors, lab equipment and the aerospace industry is also creating a positive impact on the growth of the ceramic ball bearing market. Looking forward, IMARC Group expects the US ceramic ball bearing market to grow at a CAGR of around 9% during 2019-2024, reaching a value of US$ 490 Million by 2024.

Report Scope:

Historical, Current and Future Market Trend
Market Breakup by Raw Material
- Zirconium Oxide
- Silicon Nitride
- Others
Market Breakup by Product Type
- Hybrid Ceramic Ball Bearings
- Full Ceramic Ball Bearings
Market Breakup by Application
- Electric Motors
- Automobile
- Under Water Equipment
- Laboratory Equipment
- Aerospace
- Others
Market Breakup by Region
- Northeast
- Midwest
- South
- West
Value Chain Analysis
Key Drivers and Challenges
Porters Five Forces Analysis
PESTEL Analysis
Government Regulations
Competitive Landscape
- Competitive Structure
- Key Player Profiles

Key Questions Answered in This Report:

How has the United States ceramic ball bearings market performed so far and how will it perform in the coming years?
What are the key regional markets in the United States ceramic ball bearings industry?
What is the breakup of the United States ceramic ball bearings market based on the raw material?
What is the breakup of the United States ceramic ball bearings market based on the product type?
What is the breakup of the United States ceramic ball bearings market based on the application?
What are the various stages in the value chain of the United States ceramic ball bearings industry?
What are the key driving factors and challenges in the United States ceramic ball bearings industry?
What is the structure of the United States ceramic ball bearings industry and who are the key players?
What is the degree of competition in the United States ceramic ball bearings industry?
What are the profit margins in the United States ceramic ball bearings industry?

Report Coverage:

Base Year Considered: 2018
Historical Data Coverage: 2013-2018
Market Forecast: 2019-2024
Currency: US$
Geography Covered: United States
Segments Covered: Raw Material, Product Type, Application and Region

Report Customization: Although IMARC has tried to cover everything in the ceramic ball bearings market landscape, we believe that every stakeholder may have their own specific needs. In view of this, we provide up to 20 man hours of free customization for each report.