Home > Industrial Machinery > Industrial Equipment > Bearings > Ball Bearing Market

Ball Bearing Market Trends

  • Report ID: GMI8015
  • Published Date: Feb 2024
  • Report Format: PDF

Ball Bearing Market Trends

Ceramic ball bearings are increasingly used in high-performance applications due to their lightweight nature, resistance to corrosion, and ability to operate in extreme conditions. They find applications in industries such as aerospace and high-speed machinery. The demand for customized ball bearings tailored to specific applications is growing. Manufacturers are offering solutions with unique sizes, materials, and features to meet the diverse needs of industries like aerospace, medical, and robotics. The rise of electric vehicles (EVs) is driving demand for specialized bearings designed for electric drivetrains.
 

These bearings must handle unique challenges, including high-speed rotations and varying loads in electric motors. There is a growing demand for maintenance-free or low-maintenance ball bearings. Manufacturers are developing designs with improved lubrication systems and self-lubricating materials to extend the lifespan and reduce maintenance requirements. Noise and vibration reduction remain key considerations, especially in applications where smooth and quiet operation is essential. Bearings with advanced designs and materials contribute to minimizing noise and vibrations. 
 

Authors: Avinash Singh, Sunita Singh

Frequently Asked Questions (FAQ) :

The market size of ball bearing was reached USD 15 billion in 2023 and is anticipated to register a CAGR of over 5.7% between 2024 and 2032, owing to the increasing adoption of industrial automation and robotics in manufacturing processes.

Stainless steel ball bearings segment crossed USD 6 billion in 2023 and is anticipated to grow through 2032, driven by excellent corrosion resistance, making them suitable for applications in harsh environments.

North America held approximately 28% share of the ball bearing market in 2023 and will grow through 2032, attributed to increased investments in renewable energy projects.

AST Bearings LLC, Wafangdian Bearing Group Co., Ltd., C&U Group, The Timken Company, Cerobear GmbH, SKF Group, JTEKT Corporation (Koyo), Schaeffler Group (FAG, INA), LYC Bearing Corporation, RBC Bearings Incorporated, MinebeaMitsumi Inc., NSK Ltd., NMB (MinebeaMitsumi Group), NTN Corporation and Nachi-Fujikoshi Corp.

Ball Bearing Market Scope

Buy Now


Premium Report Details

  • Base Year: 2023
  • Companies covered: 15
  • Tables & Figures: 250
  • Countries covered: 22
  • Pages: 387
 Download Free Sample