Market Overview:
The global ball bearing market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for ball bearings from various end-use industries, such as automotive, industrial equipment, and aerospace. In terms of type, the deep groove ball bearings segment is expected to hold a major share of the global ball bearing market during the forecast period. This can be attributed to their high demand in applications such as automobiles and industrial equipment.
Product Definition:
A ball bearing is a type of rolling-element bearing that uses balls to maintain the separation between the bearing races.
Deep Groove Ball Bearings:
Deep Groove Ball bearings are used in applications where high load carrying capacity is required. The main factors that propel the demand for these products include low maintenance, cost efficiency and high tolerance levels as compared to their counterparts. Additionally, they also offer a higher speed of operation as compared to shallow groove ball bearings owing to the absence of lubricant in between the raceways which reduces friction considerably.
Angular Contact Ball Bearings:
Angular contact ball bearings are used in applications where radial and axial loadings are required at high speed and the loads must be carried by a single bearing. The angular contact ball bearings have an enclosed race, which may be made of steel or other metals. These types of bearings can take both radial as well as axial loads but they do not allow mixed loading i.e., they cannot carry both radial and axial forces at the same time.
Application Insights:
Automotive application segment accounted for a major share in the global market and is expected to continue its dominance over the forecast period. Increasing production of electric vehicles in China, Germany, and U.S. is projected to propel demand for bearings from 2018 to 2030 as these vehicles require fewer parts as compared to conventional automobiles owing to advanced technology incorporated within them.
The industrial machinery segment also holds considerable growth potential for industry participants and this trend is expected to continue over the forecast period owing ball bearings being used widely across various industries such as oil & gas, construction equipment manufacturing, food machinery manufacturing etc.
Regional Analysis:
Asia Pacific is anticipated to be the fastest-growing regional market over the forecast period. The growth can be attributed to increasing industrialization and rising demand for high performance bearings in countries such as China, India, Japan, and South Korea. In addition, growing aerospace industry in these countries coupled with rapid development of manufacturing facilities will drive product demand further.
The automotive sector is one of the major consumers of ball bearing owing to its widespread usage in different applications such as engine and transmission systems. Increasing production levels by various automobile manufacturers including Toyota Motor Corporation; Honda Motor Co., Ltd.; Hyundai Motor Company; Nissan Motors Ltd.; Volkswagen Group; BMW AG; Fiat Chrysler Automobiles N.V.; Ford Motor Company; General Motors LLC etc will augment market growth over the coming years.
North America was estimated to account for a significant share of global revenue by 2030 due to early adoption of advanced technologies along with presence of prominent bearing manufacturers like TimkenSteel Bearing Manufacturing Co., Inc.
Growth Factors:
- Increasing demand from the automotive and industrial sectors
- Growing urbanization and industrialization in developing countries
- Rising disposable income of consumers in developing countries
- Technological advancements in ball bearing manufacturing processes
- Expansion of global trade
Scope Of The Report
Report Attributes
Report Details
Report Title
Ball Bearing Market Research Report
By Type
Deep Groove Ball Bearings, Angular Contact Ball Bearings, Self-Aligning Ball Bearings, Thrust Ball Bearing
By Application
Automobile Industry, Industrial Equipment, Aerospace, Others
By Companies
SKF, Schaeffler, NSK, NTN, JTEKT, C&U Group, MinebeaMitsumi, Timken, Rexnord, NACHI, Luoyang Lyc Bearing, NBC Bearings, Wafangdian Bearing Group, Harbin Bearing, Luoyang BEARING Research Institute, WANXIANG QIANCHAO, RBC Bearings, Xiangyang Automobile Bearing
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
215
Number of Tables & Figures
151
Customization Available
Yes, the report can be customized as per your need.
Global Ball Bearing Market Report Segments:
The global Ball Bearing market is segmented on the basis of:
Types
Deep Groove Ball Bearings, Angular Contact Ball Bearings, Self-Aligning Ball Bearings, Thrust Ball Bearing
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Automobile Industry, Industrial Equipment, Aerospace, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- SKF
- Schaeffler
- NSK
- NTN
- JTEKT
- C&U Group
- MinebeaMitsumi
- Timken
- Rexnord
- NACHI
- Luoyang Lyc Bearing
- NBC Bearings
- Wafangdian Bearing Group
- Harbin Bearing
- Luoyang BEARING Research Institute
- WANXIANG QIANCHAO
- RBC Bearings
- Xiangyang Automobile Bearing
Highlights of The Ball Bearing Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Deep Groove Ball Bearings
- Angular Contact Ball Bearings
- Self-Aligning Ball Bearings
- Thrust Ball Bearing
- By Application:
- Automobile Industry
- Industrial Equipment
- Aerospace
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Ball Bearing Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A ball bearing is a type of rolling element that uses a spherical metal or plastic ball as its component. The balls are typically made from steel, but can also be made from other materials such as aluminum. When the bearings are in motion, the balls rotate around their own axis and this allows them to move along an axle or shaft without friction.
Some of the key players operating in the ball bearing market are SKF, Schaeffler, NSK, NTN, JTEKT, C&U Group, MinebeaMitsumi, Timken, Rexnord, NACHI, Luoyang Lyc Bearing, NBC Bearings, Wafangdian Bearing Group, Harbin Bearing, Luoyang BEARING Research Institute, WANXIANG QIANCHAO, RBC Bearings, Xiangyang Automobile Bearing.
The ball bearing market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Ball Bearing Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Ball Bearing Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Ball Bearing Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Ball Bearing Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Ball Bearing Market Size & Forecast, 2020-2028
4.5.1 Ball Bearing Market Size and Y-o-Y Growth
4.5.2 Ball Bearing Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Deep Groove Ball Bearings
5.2.2 Angular Contact Ball Bearings
5.2.3 Self-Aligning Ball Bearings
5.2.4 Thrust Ball Bearing
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Automobile Industry
6.2.2 Industrial Equipment
6.2.3 Aerospace
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Ball Bearing Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Ball Bearing Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Deep Groove Ball Bearings
9.6.2 Angular Contact Ball Bearings
9.6.3 Self-Aligning Ball Bearings
9.6.4 Thrust Ball Bearing
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Automobile Industry
9.10.2 Industrial Equipment
9.10.3 Aerospace
9.10.4 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Deep Groove Ball Bearings
10.6.2 Angular Contact Ball Bearings
10.6.3 Self-Aligning Ball Bearings
10.6.4 Thrust Ball Bearing
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Automobile Industry
10.10.2 Industrial Equipment
10.10.3 Aerospace
10.10.4 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Deep Groove Ball Bearings
11.6.2 Angular Contact Ball Bearings
11.6.3 Self-Aligning Ball Bearings
11.6.4 Thrust Ball Bearing
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Automobile Industry
11.10.2 Industrial Equipment
11.10.3 Aerospace
11.10.4 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Deep Groove Ball Bearings
12.6.2 Angular Contact Ball Bearings
12.6.3 Self-Aligning Ball Bearings
12.6.4 Thrust Ball Bearing
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Automobile Industry
12.10.2 Industrial Equipment
12.10.3 Aerospace
12.10.4 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Deep Groove Ball Bearings
13.6.2 Angular Contact Ball Bearings
13.6.3 Self-Aligning Ball Bearings
13.6.4 Thrust Ball Bearing
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Automobile Industry
13.10.2 Industrial Equipment
13.10.3 Aerospace
13.10.4 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Ball Bearing Market: Competitive Dashboard
14.2 Global Ball Bearing Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 SKF
14.3.2 Schaeffler
14.3.3 NSK
14.3.4 NTN
14.3.5 JTEKT
14.3.6 C&U Group
14.3.7 MinebeaMitsumi
14.3.8 Timken
14.3.9 Rexnord
14.3.10 NACHI
14.3.11 Luoyang Lyc Bearing
14.3.12 NBC Bearings
14.3.13 Wafangdian Bearing Group
14.3.14 Harbin Bearing
14.3.15 Luoyang BEARING Research Institute
14.3.16 WANXIANG QIANCHAO
14.3.17 RBC Bearings
14.3.18 Xiangyang Automobile Bearing
