Dec 28, 2017   SOURCE: BusinessWire

Global Ball Bearings Market - Forecast to Grow at a CAGR of 7.2% 2017-2023 - Research and Markets

The "Ball Bearings - Global Market Outlook (2017-2023)" report has been added to Research and Markets' offering.

The Global Ball Bearings Market is expected to grow at a CAGR of 7.2% during the forecast period. Ball Bearing is a progressing component bearing that uses to sustain the partition between the bearing races. These ball bearings are used in many applications such as hard drive, aerospace bearings, skateboards, yo-yos, and fidget spinners.

Some of the key factors that drive the growth of the market such as rising requirement for ceramic ball bearings in electric vehicles, growing investment in railways and aerospace, increasing need for wind power generations, financial growth in emerging countries and rise in need for lightweight bearings in automotive sector. However, risk of low-cost and fake products, enlarged usage of pre-owned bearings and lack of product differentiation and Cartelization are hampering the market growth.

Based on application, automotive industry leads the global market owing to growing improvements in fuel efficient and technically advanced cars equipped with highly developed safety features. In terms of geography, Asia Pacific captured the largest market share due to the increasing usage of ball bearings in automotive, textile, railway and other industrial applications in this region.

Products Covered:

  • Deep-groove Ball Bearings
  • Angular Contact Ball Bearings
  • Axial Ball Bearings
  • Self-Aligning Ball Bearings
  • Other Products

Applications Covered:

  • Heavy industry
  • Military
  • Aerospace Engineering
  • Automotive
  • General Engineering
  • Other Applications

Companies Mentioned

  • JTEKT Corporation
  • LYC Bearing
  • MinebeaMitsumi
  • Graham Corporation
  • SKF Company
  • The Timken Company
  • NSK Ltd
  • Schaeffler Technologies AG & Co. KG
  • RBC Bearings
  • NTN Corporation

Key Topics Covered:

1. Executive Summary

2. Preface

3. Market Trend Analysis

4. Porters Five Force Analysis

5. Global Ball Bearings Market, By Product

6. Global Ball Bearings Market, By Application

7. Global Ball Bearings Market, By Geography

8. Key Developments

9. Company Profiling

For more information about this report visit https://www.researchandmarkets.com/research/nvqj58/ball_bearings