PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1543669
PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1543669
Global Ball Bearing Market Size Study, by Type, by Application, and Regional Forecasts 2022-2032
Global Ball Bearing Market is valued approximately USD 19.94 billion in 2023 and is anticipated to grow with a healthy growth rate of more than 3.89% over the forecast period 2024-2032. The ball bearing industry is witnessing robust growth driven by the rising demand for bearings with higher efficiency, lower maintenance requirements, and longer service life. This surge in demand is propelled by the integration of smart technologies and digitalization in bearing systems, significantly enhancing their operational efficiency and reliability.
The evolution towards electric vehicles (EVs) has further accentuated the market growth, as these vehicles require advanced bearings compared to traditional internal combustion engines. Moreover, the increasing use of ceramic balls in applications requiring high-grade electrical insulation and the shift towards environmentally friendly transportation options have boosted the demand for ball bearings.
The growing investments in rail and aerospace industries, the rise in wind power output, and the necessity for lightweight bearings in the automotive sector are key factors driving the market. Additionally, the construction sector's expansion, fueled by rising global population and income levels, has catalyzed the demand for ball bearings in construction equipment. The increasing awareness regarding the benefits of ball bearings, including low maintenance requirements, high frictional resistance, and longer life span, is anticipated to expand their application across various end-use industries, including aerospace, transportation, and mining.
Leading manufacturers are focusing on enhancing the functional capacity of ball bearings while reducing costs. Innovations such as lowering torque, decreasing weight, improving energy efficiency, and refining friction resistance are propelling market growth. For instance, the introduction of real-time-enabled Internet of Things (IoT) and Artificial Intelligence (AI) technologies has allowed end-users to monitor the conditions of their bearings continuously, thereby driving the market forward.
The key regions considered in the study include Asia Pacific, North America, Europe, Latin America, and the Middle East and Africa. Asia Pacific is expected to dominate the ball bearing market due to the significant development in the construction, mining, and automotive industries. The public facility enhancement projects in rural areas, along with the rising demand for vehicles in India and China, are expected to drive the market in this region. Europe holds the second-largest market share, with significant contributions from industrialization and advancements in aerospace and automotive industries. North America and other regions are also witnessing substantial growth due to increasing investments and technological innovations.
Major market players included in this report are:
- Brammer PLC
- Harbin Bearing Manufacturing Co., Ltd.
- HKT Bearings Ltd.
- JTEKT Corporation
- NBI Bearings Europe
- NSK Global
- NTN Corporation
- RBC Bearings Inc.
- Rexnord Corporation
- RHP Bearings
- Schaeffler Group
- SKF Corporation
- The Timken Company
- Rexnord Corporation
- NSK Ltd
The detailed segments and sub-segment of the market are explained below:
By Type:
- Deep-Groove Ball Bearings
- Self-Aligning Ball Bearings
- Angular Contact Ball Bearings
- Thrust Ball Bearings
- Others
By Application:
- Automotive
- Electronics
- Aerospace & Defense
- Construction
- Others
By Region:
- North America
- U.S.
- Canada
- Europe
- UK
- Germany
- France
- Spain
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
Years considered for the study are as follows:
- Historical year - 2022
- Base year - 2023
- Forecast period - 2024 to 2032
Key Takeaways:
- Market Estimates & Forecast for 10 years from 2022 to 2032.
- Annualized revenues and regional level analysis for each market segment.
- Detailed analysis of geographical landscape with Country level analysis of major regions.
- Competitive landscape with information on major players in the market.
- Analysis of key business strategies and recommendations on future market approach.
- Analysis of competitive structure of the market.
- Demand side and supply side analysis of the market.
Table of Contents
Table of Content
Chapter 1. Global Ball Bearing Market Executive Summary
- 1.1. Global Ball Bearing Market Size & Forecast (2022- 2032)
- 1.2. Regional Summary
- 1.3. Segmental Summary
- 1.3.1. By Type
- 1.3.2. By Application
- 1.4. Key Trends
- 1.5. Recession Impact
- 1.6. Analyst Recommendation & Conclusion
Chapter 2. Global Ball Bearing Market Definition and Research Assumptions
- 2.1. Research Objective
- 2.2. Market Definition
- 2.3. Research Assumptions
- 2.3.1. Inclusion & Exclusion
- 2.3.2. Limitations
- 2.3.3. Supply Side Analysis
- 2.3.3.1. Availability
- 2.3.3.2. Infrastructure
- 2.3.3.3. Regulatory Environment
- 2.3.3.4. Market Competition
- 2.3.3.5. Economic Viability (Consumer's Perspective)
- 2.3.4. Demand Side Analysis
- 2.3.4.1. Regulatory frameworks
- 2.3.4.2. Technological Advancements
- 2.3.4.3. Environmental Considerations
- 2.3.4.4. Consumer Awareness & Acceptance
- 2.4. Estimation Methodology
- 2.5. Years Considered for the Study
- 2.6. Currency Conversion Rates
Chapter 3. Global Ball Bearing Market Dynamics
- 3.1. Market Drivers
- 3.1.1. Rising demand for high-efficiency bearings
- 3.1.2. Technological advancements in bearings
- 3.1.3. Increasing investments in aerospace and rail industries
- 3.2. Market Challenges
- 3.2.1. High cost of advanced ball bearings
- 3.2.2. Competition from alternative materials
- 3.3. Market Opportunities
- 3.3.1. Expansion in the electric vehicle sector
- 3.3.2. Growing construction activities
- 3.3.3. Development of windmill farms
Chapter 4. Global Ball Bearing Market Industry Analysis
- 4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.1.6. Futuristic Approach to Porter's 5 Force Model
- 4.1.7. Porter's 5 Force Impact Analysis
- 4.2. PESTEL Analysis
- 4.2.1. Political
- 4.2.2. Economical
- 4.2.3. Social
- 4.2.4. Technological
- 4.2.5. Environmental
- 4.2.6. Legal
- 4.3. Top investment opportunity
- 4.4. Top winning strategies
- 4.5. Disruptive Trends
- 4.6. Industry Expert Perspective
- 4.7. Analyst Recommendation & Conclusion
Chapter 5. Global Ball Bearing Market Size & Forecasts by Type 2022-2032
- 5.1. Segment Dashboard
- 5.2. Global Ball Bearing Market: Type Revenue Trend Analysis, 2022 & 2032 (USD Billion)
- 5.2.1. Deep-Groove Ball Bearings
- 5.2.2. Self-Aligning Ball Bearings
- 5.2.3. Angular Contact Ball Bearings
- 5.2.4. Thrust Ball Bearings
- 5.2.5. Others
Chapter 6. Global Ball Bearing Market Size & Forecasts by Application 2022-2032
- 6.1. Segment Dashboard
- 6.2. Global Ball Bearing Market: Application Revenue Trend Analysis, 2022 & 2032 (USD Billion)
- 6.2.1. Automotive
- 6.2.2. Electronics
- 6.2.3. Aerospace & Defense
- 6.2.4. Construction
- 6.2.5. Others
Chapter 7. Global Ball Bearing Market Size & Forecasts by Region 2022-2032
- 7.1. North America Ball Bearing Market
- 7.1.1. U.S. Ball Bearing Market
- 7.1.1.1. Type breakdown size & forecasts, 2022-2032
- 7.1.1.2. Application breakdown size & forecasts, 2022-2032
- 7.1.2. Canada Ball Bearing Market
- 7.1.1. U.S. Ball Bearing Market
- 7.2. Europe Ball Bearing Market
- 7.2.1. U.K. Ball Bearing Market
- 7.2.2. Germany Ball Bearing Market
- 7.2.3. France Ball Bearing Market
- 7.2.4. Spain Ball Bearing Market
- 7.2.5. Italy Ball Bearing Market
- 7.2.6. Rest of Europe Ball Bearing Market
- 7.3. Asia-Pacific Ball Bearing Market
- 7.3.1. China Ball Bearing Market
- 7.3.2. India Ball Bearing Market
- 7.3.3. Japan Ball Bearing Market
- 7.3.4. Australia Ball Bearing Market
- 7.3.5. South Korea Ball Bearing Market
- 7.3.6. Rest of Asia Pacific Ball Bearing Market
- 7.4. Latin America Ball Bearing Market
- 7.4.1. Brazil Ball Bearing Market
- 7.4.2. Mexico Ball Bearing Market
- 7.4.3. Rest of Latin America Ball Bearing Market
- 7.5. Middle East & Africa Ball Bearing Market
- 7.5.1. Saudi Arabia Ball Bearing Market
- 7.5.2. South Africa Ball Bearing Market
- 7.5.3. Rest of Middle East & Africa Ball Bearing Market
Chapter 8. Competitive Intelligence
- 8.1. Key Company SWOT Analysis
- 8.2. Top Market Strategies
- 8.3. Company Profiles
- 8.3.1. Brammer PLC
- 8.3.1.1. Key Information
- 8.3.1.2. Overview
- 8.3.1.3. Financial (Subject to Data Availability)
- 8.3.1.4. Product Summary
- 8.3.1.5. Market Strategies
- 8.3.2. Harbin Bearing Manufacturing Co., Ltd.
- 8.3.3 HKT Bearings Ltd.
- 8.3.4. JTEKT Corporation
- 8.3.5. NBI Bearings Europe
- 8.3.6. NSK Global
- 8.3.7. NTN Corporation
- 8.3.8. RBC Bearings Inc.
- 8.3.9. Rexnord Corporation
- 8.3.10. RHP Bearings
- 8.3.11. Schaeffler Group
- 8.3.12. SKF Corporation
- 8.3.13. The Timken Company
- 8.3.14. Rexnord Corporation
- 8.3.15. NSK Ltd
- 8.3.1. Brammer PLC
Chapter 9. Research Process
- 9.1. Research Process
- 9.1.1. Data Mining
- 9.1.2. Analysis
- 9.1.3. Market Estimation
- 9.1.4. Validation
- 9.1.5. Publishing
- 9.2. Research Attributes
