Market Overview:
The global precision ball bearings 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 precision ball bearings from various end-use industries, such as industrial equipment, automotive industry, railway & aerospace, and others. In terms of type, the ceramic ball segment is projected to lead the global precision ball bearings market during the forecast period. This can be attributed to its properties such as high hardness and resistance against wear and tear. In terms of application, the industrial equipment segment is projected to lead the global precision ball bearings market during the forecast period.
 Industry Outlook.svg)
Product Definition:
A precision ball bearing is a bearing that uses balls to maintain the separation between the moving parts of the bearing. The purpose of using precision bearings is to reduce friction and wear.
Ceramic Ball:
Ceramic ball, also known as precision ball or bearing is a rolling element made of ceramic and it's used in bearings to reduce friction. Ceramic balls are available in different sizes and shapes which can be customized according to the requirements of the application. The most commonly used size for bearings is 2-56 sized balls but there are other sizes such as 1-48, 3-24, 5-38 among others which can be used depending upon the dimensions of the bearing.
Plastic Ball:
Plastic ball and it's usage in precision bearings market is used to transmit rotational motion from one point to another without any external forces. Precision Ball ( Bearings) are used in various industries such as automotive, aerospace & defense, construction equipment, medical equipment and others. The global plastic ball and its' usage in the precision bearings market size was valued at USD 3.6 billion in 2016 which is anticipated to grow at a CAGR of XX% over the forecast period.
Application Insights:
The automotive industry accounted for a major share in the global precision ball (bearings) market owing to increasing production of vehicles and parts across the globe. The growth of this industry is directly related to economic development, technological advancements, infrastructure development, and population growth. In addition to these factors, stringent government regulations regarding safety are also driving the demand for bearings in this sector.
Industrial equipment was one of the prominent segments accounting for a significant share in 2017 owing to rapid industrialization and developing economies having huge potentialities for manufacturing such equipment due to low-cost labor resources. Moreover, favorable government policies promoting investments are expected to augment product demand over the forecast period from both new as well as existing installations worldwide.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The growth of this region can be attributed to increasing foreign investments in developing countries such as China, India, and Japan. Moreover, rising industrial output coupled with growing population has led to an increase in demand for precision equipment from various application industries.
The Asia Pacific is also one of the largest consumers of bearings owing to their high usage across a wide range of industries including automotive, industrial machinery, aerospace & defense among others. The region’s manufacturing sector has grown at a significant rate over the past few years which has resulted into increased production volumes for various precision equipment products including bearings.
North America accounted for more than 15% share in terms of revenue.
Growth Factors:
- Increasing demand from the automotive and aerospace industries
- Growing popularity of precision ball bearings in electric vehicles
- Rising demand for miniaturized and high-precision bearings
- Proliferation of Internet of Things (IoT) and Industry 4.0 technologies
- Growing investments in research and development (R&D)
Scope Of The Report
Report Attributes
Report Details
Report Title
Precision Ball (Bearings) Market Research Report
By Type
Ceramic Ball, Plastic Ball, Steel Ball
By Application
Industrial Equipment, Automotive Industry, Railway & Aerospace, Others
By Companies
Tsubaki Nakashima, Amatsuji Steel Ball Mfg. Co., Ltd., Jiangsu LiXing General Steel Ball Co.,Ltd., Dong'e Shandong steel ball Group Co., Ltd., Sunan Weijie Steel Ball CO., Ltd.
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
247
Number of Tables & Figures
173
Customization Available
Yes, the report can be customized as per your need.
Global Precision Ball (Bearings) Market Report Segments:
The global Precision Ball (Bearings) market is segmented on the basis of:
Types
Ceramic Ball, Plastic Ball, Steel Ball
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
Industrial Equipment, Automotive Industry, Railway & 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:
- Tsubaki Nakashima
- Amatsuji Steel Ball Mfg. Co., Ltd.
- Jiangsu LiXing General Steel Ball Co.,Ltd.
- Dong'e Shandong steel ball Group Co., Ltd.
- Sunan Weijie Steel Ball CO., Ltd.
 Market Overview.svg)
Highlights of The Precision Ball (Bearings) 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:
- Ceramic Ball
- Plastic Ball
- Steel Ball
- By Application:
- Industrial Equipment
- Automotive Industry
- Railway & 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 Precision Ball (Bearings) 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
 Market Statistics.svg)
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?
Some of the key players operating in the precision ball (bearings) market are Tsubaki Nakashima, Amatsuji Steel Ball Mfg. Co., Ltd., Jiangsu LiXing General Steel Ball Co.,Ltd., Dong'e Shandong steel ball Group Co., Ltd., Sunan Weijie Steel Ball CO., Ltd..
The precision ball (bearings) market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Precision Ball (Bearings) Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Precision Ball (Bearings) Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Precision Ball (Bearings) Market - Supply Chain
4.5. Global Precision Ball (Bearings) Market Forecast
4.5.1. Precision Ball (Bearings) Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Precision Ball (Bearings) Market Size (000 Units) and Y-o-Y Growth
4.5.3. Precision Ball (Bearings) Market Absolute $ Opportunity
5. Global Precision Ball (Bearings) Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Precision Ball (Bearings) Market Size and Volume Forecast by Type
5.3.1. Ceramic Ball
5.3.2. Plastic Ball
5.3.3. Steel Ball
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Precision Ball (Bearings) Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Precision Ball (Bearings) Market Size and Volume Forecast by Application
6.3.1. Industrial Equipment
6.3.2. Automotive Industry
6.3.3. Railway & Aerospace
6.3.4. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Precision Ball (Bearings) Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Precision Ball (Bearings) Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Precision Ball (Bearings) Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Precision Ball (Bearings) Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Precision Ball (Bearings) Demand Share Forecast, 2019-2026
9. North America Precision Ball (Bearings) Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Precision Ball (Bearings) Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Precision Ball (Bearings) Market Size and Volume Forecast by Application
9.4.1. Industrial Equipment
9.4.2. Automotive Industry
9.4.3. Railway & Aerospace
9.4.4. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Precision Ball (Bearings) Market Size and Volume Forecast by Type
9.7.1. Ceramic Ball
9.7.2. Plastic Ball
9.7.3. Steel Ball
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Precision Ball (Bearings) Demand Share Forecast, 2019-2026
10. Latin America Precision Ball (Bearings) Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Precision Ball (Bearings) Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Precision Ball (Bearings) Market Size and Volume Forecast by Application
10.4.1. Industrial Equipment
10.4.2. Automotive Industry
10.4.3. Railway & Aerospace
10.4.4. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Precision Ball (Bearings) Market Size and Volume Forecast by Type
10.7.1. Ceramic Ball
10.7.2. Plastic Ball
10.7.3. Steel Ball
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Precision Ball (Bearings) Demand Share Forecast, 2019-2026
11. Europe Precision Ball (Bearings) Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Precision Ball (Bearings) Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Precision Ball (Bearings) Market Size and Volume Forecast by Application
11.4.1. Industrial Equipment
11.4.2. Automotive Industry
11.4.3. Railway & Aerospace
11.4.4. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Precision Ball (Bearings) Market Size and Volume Forecast by Type
11.7.1. Ceramic Ball
11.7.2. Plastic Ball
11.7.3. Steel Ball
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Precision Ball (Bearings) Demand Share, 2019-2026
12. Asia Pacific Precision Ball (Bearings) Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Precision Ball (Bearings) Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Precision Ball (Bearings) Market Size and Volume Forecast by Application
12.4.1. Industrial Equipment
12.4.2. Automotive Industry
12.4.3. Railway & Aerospace
12.4.4. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Precision Ball (Bearings) Market Size and Volume Forecast by Type
12.7.1. Ceramic Ball
12.7.2. Plastic Ball
12.7.3. Steel Ball
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Precision Ball (Bearings) Demand Share, 2019-2026
13. Middle East & Africa Precision Ball (Bearings) Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Precision Ball (Bearings) Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Precision Ball (Bearings) Market Size and Volume Forecast by Application
13.4.1. Industrial Equipment
13.4.2. Automotive Industry
13.4.3. Railway & Aerospace
13.4.4. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Precision Ball (Bearings) Market Size and Volume Forecast by Type
13.7.1. Ceramic Ball
13.7.2. Plastic Ball
13.7.3. Steel Ball
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Precision Ball (Bearings) Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Precision Ball (Bearings) Market: Market Share Analysis
14.2. Precision Ball (Bearings) Distributors and Customers
14.3. Precision Ball (Bearings) Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Tsubaki Nakashima
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Amatsuji Steel Ball Mfg. Co., Ltd.
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Jiangsu LiXing General Steel Ball Co.,Ltd.
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Dong'e Shandong steel ball Group Co., Ltd.
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Sunan Weijie Steel Ball CO., Ltd.
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. COMPANY6
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. COMPANY7
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. COMPANY8
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. COMPANY9
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
