Market Overview:
The global ball bearing materials market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for bearings in various industrial and automotive applications. In terms of type, the steel segment is expected to dominate the global ball bearing materials market during the forecast period, followed by ceramic and plastic segments. The rolling body segment is projected to grow at a highest CAGR during the forecast period owing to its growing demand from automotive applications.
Product Definition:
A ball bearing is a type of rolling-element bearing that uses balls to maintain the separation between the bearings races. The purpose of a ball bearing is to reduce rotational friction and support radial and axial loads.
Steel:
Steel is a hard, malleable, and corrosion-resistant metal. It can be made from various metals such as iron, nickel, carbon steel or stainless steel. Steel's strength and low cost make it an ideal material for use in ball bearings. The most common type of bearing that uses steel balls is the rolling bearing which are used in almost all types of machinery including industrial equipment to automobiles to computers.
Ceramic:
Ceramic is a solid material that is resistant to heat and often used in applications where metal would be inappropriate. The most common types of ceramic are porcelain, stoneware, and earthenware. Ceramics are widely used in the manufacturing of bearings as they provide high corrosion resistance, low friction properties along with being able to carry heavy loads without failure.
Application Insights:
The bearing rings application segment led the global market in 2017. It is estimated to expand further at a steady CAGR from 2018 to 2030 owing to its rising demand in industrial applications, such as textile machinery and packaging machines. In addition, increasing use of bearing rings in consumer durables will fuel the growth over the forecast period.
The rolling body application segment is estimated to witness significant growth over the forecast period on account of growing demand for metal-free ball bearings that offer higher load capacities than their counterparts. These products are used for heavy-duty applications across various industries including food & beverage and medical devices where smooth running and long life are key attributes required by equipment operators. Increasing R&D activities by manufacturers for developing new materials with enhanced performance characteristics will drive product innovation which, in turn, would boost industry expansion over the coming years.
Regional Analysis:
Asia Pacific is anticipated to be the fastest-growing regional market over the forecast period. The growth of this region is mainly attributed to rising industrialization and increasing foreign investments in countries, such as China, India, and Japan. Moreover, rapid urbanization has led to an increase in construction activities across Asia Pacific which will drive product demand further.
The bearing industry in Europe was valued at USD X billion back in 2010 and it is expected to grow at a CAGR of XX% by 2024 owing to growing industrial automation across several sectors including automotive and manufacturing industries. In addition, high usage rates of ball bearings are projected to support regional growth during the forecast period.
North America accounted for a volume share of 23% by 2024 on account that major manufacturers have set up their production facilities near raw material suppliers thereby reducing transportation costs for both parties involved; manufacturer & supplier as well as end-user customer (bearing users).
Growth Factors:
- Increasing demand from the automotive and aerospace industries
- Growing demand for energy-efficient and low-friction ball bearings
- Rising popularity of electric vehicles
- Growing trend of miniaturization in electronics industry
- Proliferation of Internet of Things (IoT)
Scope Of The Report
Report Attributes
Report Details
Report Title
Ball Bearing Materials Market Research Report
By Type
Steel, Ceramic, Plastic
By Application
Bearing Rings, Rolling Body, Cage, Others
By Companies
CITIC steel, OVAKO, Sanyo Special Steel, Saarstahl, ASTM, NTN Global, POSCO, JFE Steel, Dongbei Special Steel
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
144
Number of Tables & Figures
101
Customization Available
Yes, the report can be customized as per your need.
Global Ball Bearing Materials Market Report Segments:
The global Ball Bearing Materials market is segmented on the basis of:
Types
Steel, Ceramic, Plastic
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
Bearing Rings, Rolling Body, Cage, 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:
- CITIC steel
- OVAKO
- Sanyo Special Steel
- Saarstahl
- ASTM
- NTN Global
- POSCO
- JFE Steel
- Dongbei Special Steel
Highlights of The Ball Bearing Materials 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:
- Steel
- Ceramic
- Plastic
- By Application:
- Bearing Rings
- Rolling Body
- Cage
- 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 Materials 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?
Ball bearings are materials that have a cylindrical shape and are used to rotate objects. They can be made from different materials, including metals, plastics, and ceramic.
Some of the key players operating in the ball bearing materials market are CITIC steel, OVAKO, Sanyo Special Steel, Saarstahl, ASTM, NTN Global, POSCO, JFE Steel, Dongbei Special Steel.
The ball bearing materials market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Ball Bearing Materials 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 Materials Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Ball Bearing Materials 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 Materials 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 Materials Market Size & Forecast, 2020-2028
4.5.1 Ball Bearing Materials Market Size and Y-o-Y Growth
4.5.2 Ball Bearing Materials 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 Steel
5.2.2 Ceramic
5.2.3 Plastic
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 Bearing Rings
6.2.2 Rolling Body
6.2.3 Cage
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Ball Bearing Materials 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 Materials 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 Steel
9.6.2 Ceramic
9.6.3 Plastic
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 Bearing Rings
9.10.2 Rolling Body
9.10.3 Cage
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 Steel
10.6.2 Ceramic
10.6.3 Plastic
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 Bearing Rings
10.10.2 Rolling Body
10.10.3 Cage
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 Steel
11.6.2 Ceramic
11.6.3 Plastic
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 Bearing Rings
11.10.2 Rolling Body
11.10.3 Cage
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 Steel
12.6.2 Ceramic
12.6.3 Plastic
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 Bearing Rings
12.10.2 Rolling Body
12.10.3 Cage
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 Steel
13.6.2 Ceramic
13.6.3 Plastic
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 Bearing Rings
13.10.2 Rolling Body
13.10.3 Cage
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 Materials Market: Competitive Dashboard
14.2 Global Ball Bearing Materials Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 CITIC steel
14.3.2 OVAKO
14.3.3 Sanyo Special Steel
14.3.4 Saarstahl
14.3.5 ASTM
14.3.6 NTN Global
14.3.7 POSCO
14.3.8 JFE Steel
14.3.9 Dongbei Special Steel
